Wipro Ltd. has announced its financial results for the third quarter of fiscal year 2026, revealing a mixed performance. While the IT services giant reported a growth in revenue, its net profit experienced a decline compared to the same period last year. The company's board has approved an interim dividend of ₹6 per share.

Financial Performance

Wipro's consolidated net profit for Q3 FY26 stood at ₹3,119 crore, a 7% year-on-year (YoY) decrease. However, the company's revenue from operations saw a 5.5% YoY increase, reaching ₹23,556 crore. Sequentially, revenue increased by 3.8%.

The IT services segment reported revenue of $2.64 billion, reflecting a 1.2% quarter-on-quarter (QoQ) growth and a 0.2% YoY increase. In constant currency terms, IT services revenue grew by 1.4% QoQ but declined by 1.2% YoY. Wipro expects IT services revenue for the next quarter to be in the range of $2,635 million to $2,688 million, projecting a sequential growth of 0% to 2.0% in constant currency terms.

Margins and Bookings

Wipro's IT services operating margin stood at 17.6%, marking an improvement of 0.9 percentage points sequentially and 0.1 percentage points year-on-year. This represents the company's best margin performance in the last few years. Total bookings for the quarter were at $3,335 million, a decrease of 5.7% YoY in constant currency. Large deal bookings amounted to $871 million, down 8.4% YoY in constant currency.

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹6 per equity share. The record date for determining eligible shareholders is January 27, 2026, and the payment will be made on or before February 14, 2026.

Management Commentary

Srini Pallia, CEO and Managing Director, stated that the company delivered broad-based growth in line with expectations. He highlighted the role of Wipro Intelligence and AI-led platforms in securing deal wins, with increased adoption of AI-enabled solutions across clients. Aparna Iyer, Chief Financial Officer, noted that the margin expansion and strong cash flow reflect improved execution discipline. She also mentioned that the interim dividend payout would amount to $1.3 billion for the year.

Additional Factors

The results reflect the impact of new labor codes, which led to increased expenses. Wipro's voluntary attrition rate was at 14.2% on a trailing 12-month basis.

Market Capitalization

Wipro's total market capitalization is ₹2,78,846.36 crore, representing the company's overall valuation based on its outstanding shares.