Wipro shares jump over 6% after Q2 results; is rally sustainable? Here's what Jefferies, Motilal Oswal said
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Wipro shares jumped over 6 per cent on Friday after the company reported its September quarter results.
- ✓While revenue rose to Rs 24,752.7 crore, profit fell to Rs 3,200.6 crore.
- ✓Brokerages like Jefferies and Motilal Oswal remain cautious, as CEO Srini Pallia said the third quarter would face seasonal furloughs.
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- MARKET
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- Zee Business
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- India Economy
Wipro shares jumped over 6 per cent on Friday after the IT services company reported its September quarter results for the financial year 2026-27.
However, brokerages remained cautious about the company's growth outlook, citing weak deal bookings, an uncertain demand environment and expectations of another subdued quarter.
Wipro reported a 1.4 per cent decline in consolidated net profit attributable to owners to Rs 3,200.6 crore in the July-September quarter of FY27, compared with Rs 3,246.2 crore in the corresponding period last year.
Revenue from operations rose 9.1 per cent to Rs 24,752.7 crore from Rs 22,697.3 crore in the year-ago quarter. Sequentially, net profit declined 4.5 per cent, while revenue increased 1 per cent.
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