Buzz Preview: India's Wipro, Tech Mahindra to post rise in second quarter profit

Wipro

15/10/2026 11:17

** Shares of IT companies Wipro WIPR.NS up 1.64% at 173.68 and Tech Mahindra TEML.NS up 4.10% at 1,641.80 rupees ahead of Q2 results
** Analysts on average expect Wipro's net income to increase 3.8% to 33.69 billion rupees  ($354.32 million)--LSEG data
** Analysts on average expect Tech Mahindra's net income to increase 40.2% to 16.75 billion rupees 
** Sees IT companies to report stronger margins in Q2 as benefit from annual wage hikes fade, however, investments in growth and AI capabilities can keep margin gains limited at Wipro and stable at Tech Mahindra - Motilal Oswal
** Demand environment subdued for IT companies due to IT budgets of clients flowing to AI infrastructure, native players, AI-led deflation, volatile and weak macro, and insourcing by GCCs--ICICI Securities
** 39 analysts on average rate TEML "buy", median TP of 1,665 rupees--LSEG-compiled data
** 39 analysts on average rate WIPR "hold", median TP of 170 rupees--LSEG-compiled data

($1 = 95.0825 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))