Wipro's H1 FY27 payout of ₹17,029 crore, 2.6x net profit, signals aggressive capital return but shrinks its investment book, cutting net other income 68% QoQ. Q2 revenue beat modestly with 16.5% margins, yet deal bookings collapsed 22.9% QoQ and large deals fell 58.6%, underscoring weak discretionary IT demand. Impact is company-specific, with limited read-across to broader indices or crypto.
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Wipro returned ₹17,029 crore to shareholders in the first half of FY27, well above its net profit, after completing a major share buyback and paying a dividend.