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Wipro Q2 profits disappoint, shares plunge ~4%
Wipro posts muted Q2, leading to ~4% share drop as margins come under stress.
Wipro’s Q2 FY26 results fell short of expectations: net profit rose only ~1.2% YoY to ~₹3,246 crore. Revenue saw slight growth, but margins were under pressure due to cost escalation and client bankruptcies. The subdued performance triggered a ~4.4% intraday fall in its stock. Analysts flagged weak demand in manufacturing and consumer verticals. Wipro said its guidance will be cautious for the next quarter. Investor confidence appears shaken given the miss amid broader tech uncertainty.