New Delhi, Oct. 16 -- Wipro shareholders seem to have reasons to be happy, even as the stock is on track to post its steepest annual decline in three years. The company rewarded them handsomely in the first half of FY27, with shareholder payouts exceeding its net profit for the period by more than two-and-a-half times.

On Thursday, the Bengaluru-based software company announced its September-quarter results, which were in line with Street estimates. It posted a net profit of Rs.3,200 crore, down 2% from the same period last year and 9% from the June quarter.

For the first half of FY27, the company posted a net profit of Rs.6,556 crore. However, it returned substantially more than its earnings to shareholders through share buybacks and d...