Wipro Q2 results: Net profit falls 2% YoY to ₹3,200 crore; revenue rises 9%
Wipro moved lower in a quarterly results development.
· LiveMint Markets, ET Stocks, BS Companies, NDTV Profit
Wipro reported September-quarter revenue of ₹24,752.7 crore, up 1.1% sequentially and 9.0% year-on-year. Consolidated net profit fell 4.7% quarter-on-quarter to ₹3,199.7 crore and declined 1.9% from a year earlier.
The analysis
Wipro reported ₹3,200 crore and ₹24,752.7 crore, with movement of 2%, 9% and 1.1% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.8% on the day at ₹174.05, and has returned -0.3% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +2.9% over the same period, so Wipro is running 3.2 points behind its peers.
For Wipro, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is WIPRO.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
Related coverage
Q2 results today: Wipro, Nestle India, 47 others to announce earnings
Q2 Results Live: Tata Communications Profit Soars Over 86%; Tips Music Declares Dividend
Q2 Results Live: Nestle Slips In Red Ahead Of Earnings; Tech Mahindra Rises 4%; HDFC AMC Also In Focus
TCS, Infosys, HCLTech, Wipro, TechM: IT stocks gain up to 3.5% today; Nifty IT jumps 9% in 3 days; what's driving rally?
Stock Market Today, GIFT Nifty Live: Sensex, Nifty 50 To Open Flat; Kospi Crashes 8%, Nikkei 4%; Wipro, Nestle Q2 In Focus