Wipro Ltd

Meeting Details

• Date: October 15, 2026; time not disclosed.
• Type: earnings press conference; mode not specified.
• Event: Analyst / Institutional Investor Meeting.
• Key participant: Company Secretary.
• Purpose: earnings discussion for analysts and institutional investors.
• Recording: audio and video recording available on the company website.

Audit opinions

• Deloitte Haskins & Sells LLP issued the independent auditor's reports for Wipro Limited.
• Standalone and Consolidated Financial Results for the three and six months ended September 30, 2026 were audited.
• Opinion expresses true and fair view under Ind AS 34 for standalone and IAS 34 for consolidated.
• UDIN numbers provided for the auditor's reports.
• Reports available on Wipro's website.

Key highlights

• Quarter ended September 30, 2026 IFRS results announced.
• IT services revenue flat QoQ; constant currency up 0.6% YoY.
• IT services margin 16.5%; net income ₹32.0B; EPS ₹3.23.
• Total bookings $2,595M; large deal bookings $674M; QoQ bookings down.
• Operating cash flow ₹53.0B ($553.6M); 165.8% of net income.
• Outlook: Q3 FY27 IT services revenue guidance $2,571–$2,625M (CC -1.5% to +0.5%).
• Attrition (TTM) 13.8%; closing headcount 236,328.
• Offshore revenue share 62.2% of services.

Standalone results

• Standalone Q2 Sep 30, 2026 revenue from operations ₹189,416m; YoY +6.6%.
• Standalone Q2 total income ₹196,121m; YoY +5%.
• Standalone Q2 PAT ₹28,627m; YoY +9%.
• Standalone Q2 EPS ₹2.89 (basic and diluted).
• H1 FY27: revenue ₹373,598m; PAT ₹57,284m; EPS ₹5.63.
• Buyback: 600m shares at ₹250; cash outflow ₹150.508m; CRR ₹1,200; equity reduced.

Consolidated IFRS results

• Consolidated Q2 Sep 30, 2026 revenue from operations ₹247,527m; total income ₹248,182m.
• Consolidated Q2 PAT ₹31,997m; EPS ₹3.23.
• Six months ended Sep 30, 2026: revenue ₹492,313m; PAT ₹65,560m; EPS ₹6.43.
• IT Services revenue ₹246,670m; IT Products ₹1,512m; total ₹248,182m.
• Buyback completed; 600m shares at ₹250; cash outflow ₹150.508m; equity reserves adjusted.

Allotment details

• On 14 Oct 2026, 18,832 equity shares allotted under ADS Restricted Stock Unit Plan 2004.
• On 14 Oct 2026, 52,075 equity shares allotted under Restricted Stock Unit Plan 2007.
• On 14 Oct 2026, 17,373 equity shares allotted under ESOP, PSUs and RSUs Scheme 2024.

US PERM update

• PERM suspension relates to a specific pathway and is not expected to impact business; 80% US hires locally.

Target and deal basics

• Target: Alpha Net Consulting LLC and subsidiaries; description not disclosed.
• Acquisition scope: select customer contracts.
• Completion timeline: latest by December 31, 2026.
• Related party: not disclosed.
• Strategic rationale: acquire contracts to expand Wipro's services.
• Regulatory approvals: not disclosed.
• Consideration: not disclosed.
• Size/scale: not disclosed.
• Industry: not disclosed.
• Background: not disclosed.

Allotment under ESOP/RSU

• Allotted 23,876 equity shares under ADS RSU Plan 2004 on Sept 18, 2026.
• Allotted 82,899 equity shares under RSU Plan 2007 on Sept 18, 2026.
• Allotted 2,03,594 equity shares (including ADSs and RSUs) under ESOP/PSU/RSU Scheme 2024 on Sept 18, 2026.

Grant of RSUs under 2024 schemes

• Wipro granted 310,120 ADS RSUs and 599,197 RSUs to identified employees of the Company and its subsidiaries.
• RSUs issued under Company's Employee Stock Options, PSUs and RSU Scheme 2024.
• Grant effective date: September 17, 2026.
• Vesting per schedule approved by Nomination and Remuneration Committee.
• Exercise period as approved by the Committee.

Product launch

• Wipro launches STO360, a cloud-native STO management solution.

Partnership and endorsement

• Built with Aramco and SAP; SAP Endorsed App status.

Technology and market scope

• Based on SAP BTP; cloud-native architecture supports asset-intensive industries.