- Wipro's Q3 net profit fell 4.4% sequentially to Rs 3,119 crore from Rs 3,262 crore
- Revenue rose 3.8% QoQ to Rs 23,556 crore, beating Bloomberg's estimate
- EBIT declined 5.1% to Rs 3,491 crore, with margins shrinking to 14.8% from 16.2%
Wipro Ltd.'s net profit for the third quarter of FY26 declined 4.4% sequentially, according to the consolidated financial results declared by the company on Friday. The IT major posted a bottom-line of Rs 3,119 crore, compared to Rs 3,262 crore in the preceding quarter.
The company's revenue went up 3.8% to Rs 23,555.8 crore from Rs 22,697.3 crore in the second quarter.
The earnings before interest and tax also declined 5.1% to Rs 3,491 crore from Rs 3,681 crore, and margin contracted to 14.8% versus 16.2% sequentially.
Additionally, the company has also declared an interim dividend of Rs 6 per share with face value of Rs 2. The record date for the dividend has been set as Jan. 26, 2026 and it will be paid on or before Feb. 14, 2026.
Wipro Q3 Results (Consolidated, QoQ)
- Revenue up 3.8% at Rs 23,556 crore versus Rs 22,697 crore (Bloomberg estimate: Rs 22,697 crore)
- Profit down 4.4% at Rs 3,119 crore versus Rs 3,246 crore (Estimate: Rs 3,354 crore)
- EBIT down 5.1% at Rs 3,491 crore versus Rs 3,681 crore (Estimate: Rs 3,727 crore)
- Margin at 14.8% versus 16.2% (Estimate: 16.4%)
- Note: New Labour Code impact of Rs 303 crore in Q3
Gross revenue stood at $2,622.0 million, increase of 3.8% QoQ and 5.5% YoY. 2. IT services segment revenue was at $2,635.4 million, increase of 1.2% QoQ and 0.2% YoY.
Additionally, total bookings stood at $3,335 million, down 5.7% year-on-year in constant currency
Large deal bookings was at $871 million, decrease of 8.4% YoY in constant currency. Net income for the quarter was at $347.2 million, decrease of 3.9% QoQ and 7.0% YoY.
The IT giant expect revenue from its IT Services business segment to be in the range of $2,635 million to $2,688 million, translating to sequential guidance of 0% to 2.0% in constant currency terms.
"In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our
AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and
expanded our innovation network across global locations," said Srini Pallia, CEO and Managing Director.
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