ADR slump. Wipro’s ADR slipped 1.1% to $1.78 after an earlier 4.5% plunge, as the company set Q3 revenue guidance at a sequential decline of 1.5% to growth of 0.5% in constant currency, below the CNBC‑TV18 poll's projected 0.75% drop.
Revenue dip. In the September quarter, Wipro posted constant‑currency revenue of $2,611.5 million, a 0.1% dip from the June quarter's $2,614.5 million; rupee‑based sales climbed 0.8% to ₹24,667 crore, slightly under the poll's ₹24,733 crore estimate.
Margin rise. Operating margin improved to 16.5% from 16.0% in the prior quarter, aligning with the poll's 16.4% forecast, while net profit fell to ₹3,199.7 crore versus ₹3,352 crore previously, marginally below the ₹3,248.6 crore expectation.
Sector backdrop. The IT services sector saw mixed results, with peers like Infosys and TCS reporting modest growth, but Wipro's guidance sits at the lower end of the industry average of 2‑3% FY revenue growth, raising concerns among swing traders.
Guidance unchanged. Wipro has not revised its FY26‑27 guidance, keeping the revenue target at ₹1.07 trn; analysts warn that the muted Q3 outlook may temper the 6.8% year‑to‑date share appreciation.
Next earnings. The stock closed at ₹174.05 on NSE, up 1.83% while ADRs remain flat; investors will watch the next quarter's earnings on March 30 for signs of a turnaround.