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Wipro Q2 Review — Dolat Capital Maintains 'Reduce' Rating; Sees No Significant Triggers In Near-Term
Given Wipro's muted vertical growth and unexciting Q3 guidance, despite solid deal bookings, slow ramp-up issues persist, adds Dolat Capital.
17 Oct 2025, 09:13 AM IST 
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Wipro's Q2 TCV was at $4.7 billion, stemming from 13 large deals. (Photo source: Vijay Sartape/NDTV Profit)
Wipro’s IT services reported a CC revenue growth of 0.3% QoQ (our estimate: 1%), as BFSI witnessed some momentum, but other verticals lagged. IT services operating profit margin, which was impacted by a 1x client bankruptcy provisioning (Rs 1.1 billion hit) was down 70bps QoQ at 16.5%.
