IT major, Wipro is set to release its second quarter results today.
“Wipro Limited, a leading AI-powered technology services and consulting company, will announce results for the second quarter ended September 30, 2025, on Thursday, October 16, 2025, after stock market trading hours in India,” the company said in its regulatory filing.
According to analysts and brokerages, the IT sector is under pressure due to global uncertainties, the H-1B visa fee hike, and the HIRE Act.
Here are the key factors that investors should focus on –
1.H-1B visa:free hike impact and tariff uncertainties
Two IT firms, TCS and HCLTech, which had already released their second-quarter results in the previous weeks, have emphasized reducing their reliance on H-1B visas after Washington increased the fee for new H-1B visa petitions by $100,000. Investors will be watching how Wipro is handling the situation and whether it has impacted the deal pipeline.
“Key things to look for: any portfolio- or client-specific issues, especially those arising from ongoing geopolitical or macro concerns, and any further updates on growth strategies and dependency on H-1B visas,” says Equirus Securities.
2. Wipro’s aggressive push for large contracts continue
In the previous quarter, Wipro reported total deal wins worth $4.97 billion. The IT major closed 16 large deals and two mega deals during the quarter, with a combined total contract value (TCV) of $2.67 billion — the highest in the last 12–14 quarters.
Kotak Institutional Equities said, “The total contract value (TCV) of these big deals is expected to be around $1.5 billion this quarter, which is strong and shows Wipro’s aggressive push for large contracts,” the report noted.
3. Upfront costs linked to large deals quarter may weigh on EBIT margin
“We expect Wipro’s EBIT margin to fall by 40 basis points (bps) quarter-on-quarter, even though the rupee has weakened. This decline is mainly due to upfront costs linked to large deals,” Kotak Institutional Equities said.
“The company is likely to guide for revenue growth between -0.5% and +1.5%. The positives this quarter include the ramp-up of the Phoenix project (signed in Q4FY25) and other major deals. However, furloughs and a weak demand environment remain key challenges,” Kotak added.
4. Wipro Dividend Announcement in focus
All eyes will now be on Wipro to see if the IT firm will announce a dividend this time as well. Its peers, TCS and HCLTech, have announced interim dividends of Rs 11 and Rs 12 per equity share, respectively. In the previous quarter, Q1FY26, Wipro had announced a dividend of Rs 5 per equity share.
5. European Business in focus
Axis Direct said that Wipro is expected to report 2% sequential revenue growth. “We expect Wipro to report revenue growth of 2% QoQ, supported by stability in its European business. Operating margins are likely to expand by 48 bps QoQ due to cost-control measures,” Axis Direct noted.
