Wipro Ltd. has announced its financial results for the third quarter of FY26, reporting a consolidated net profit of ₹3,119 crore, a 7% year-on-year decline. Despite the profit dip, the company's revenue from operations saw a 5.5% increase, reaching ₹23,556 crore compared to ₹22,318 crore in the same quarter last year. Sequentially, revenue was up by 3.8%.
The Board of Directors has approved an interim dividend of ₹6 per equity share. The record date for determining shareholders' eligibility for the dividend has been set as January 27, 2026, and the payment will be made on or before February 14, 2026.
In constant currency terms, Wipro's IT services revenue experienced a 1.4% quarter-on-quarter growth, although it declined by 1.2% year-on-year. The IT services operating margin stood at 17.6%, showing an improvement of 0.9 percentage points sequentially and 0.1 percentage points year-on-year.
Wipro's total bookings for the quarter were $3,335 million, a 5.7% year-on-year decrease in constant currency, with large deal bookings at $871 million, down 8.4% year-on-year in constant currency. Voluntary attrition rate was 14.2% on a trailing twelve-month basis.
Wipro expects IT services revenue to be in the range of $2,635 million to $2,688 million. This translates to a sequential guidance of 0% to 2.0% in constant currency terms.
According to CEO and MD Srini Pallia, the company delivered broad-based growth in line with expectations, with Wipro’s AI-led platforms playing a key role in deal wins. CFO Aparna Iyer highlighted that the company's margin expansion and strong cash flow reflect improved execution discipline. Operating cash flows remained strong at ₹42.6 billion, representing 135.4% of net income.
The company's Q3 results were impacted by the implementation of new labor codes, with an impact of ₹303 crore. Adjusted for this impact, net income increased to ₹33.6 billion, a 3.6% QoQ growth. Wipro's market capitalization is approximately ₹2,78,846.36 crore.
Ahead of the earnings announcement, Wipro shares had shown positive momentum, climbing 3.7% intraday to ₹269.80 on the BSE, reflecting investor optimism.
