BENGALURU, Jan 16, 2026, 16:44 IST
- Wipro’s Q3 FY26 net profit fell 7% year-on-year to ₹3,119 crore even as revenue rose to ₹23,556 crore
- Board declared an interim dividend of ₹6 a share; record date Jan. 27, payout due by Feb. 14
- IT services revenue guidance for the March quarter implies flat to 2% sequential growth; deal bookings came in at about $3.3 billion
Wipro on Friday reported a 7% fall in third-quarter profit and declared an interim dividend of 6 rupees a share, as a one-time labour code charge weighed on earnings. The Bengaluru-based IT services firm forecast flat to 2% sequential growth in core IT services revenue for the March quarter.
The numbers land in the middle of India’s earnings season, with investors scanning for signs that demand is holding up as clients trim non-essential technology work. Several companies have also started booking one-off costs tied to India’s new labour codes, making profit comparisons messier.
Wipro shares ended 2.73% higher at ₹267.25 on the BSE, while the Sensex closed up 0.23%, exchange data showed. Earnings before interest and tax (EBIT) — a measure of operating profit — fell 5.1% from the prior quarter and margin slipped to 14.8%, the filing showed. The board set Jan. 27 as the record date for the dividend, with payment due on or before Feb. 14.
Gross revenue rose 5.5% from a year earlier to ₹235.6 billion, while revenue from the IT services business — its main unit — stood at ₹23,378 crore, the company said. In constant currency terms, which strips out exchange-rate swings, IT services revenue grew 1.4% quarter-on-quarter but fell 1.2% from a year earlier.
Net income was ₹31.2 billion, down 7% from a year earlier. Wipro said a one-off ₹3.028 billion hit tied to labour code-related gratuity provisions dragged profit; excluding that impact, net income was ₹33.6 billion.
IT services operating margin rose to 17.6% and operating cash flow was ₹42.6 billion, or 135.4% of net income. “This is our best margin performance in last few years,” CFO Aparna Iyer said, adding the ₹6 interim dividend would take the year’s payout to about $1.3 billion. Voluntary attrition was 14.2% on a trailing 12-month basis.
For the March quarter, Wipro forecast IT services revenue of $2.635 billion to $2.688 billion, implying flat to 2% sequential growth in constant currency.
Total deal bookings were $3.335 billion and large deal bookings were $871 million, Wipro said. Deal bookings reflect the total contract value of new and renewed orders signed in the period and can move around depending on when big contracts close.
CEO Srini Pallia said, “As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator,” and said it “contributed to several wins” in the quarter. He pointed to greater use of AI-enabled platforms and delivery tools, including WINGS and WEGA.
Peer Tech Mahindra also beat revenue estimates on Friday, helped by growth in communications and manufacturing, though its profit missed forecasts after a labour-code related charge, Reuters reported.
But Wipro’s growth outlook remains narrow and bookings were down from the previous quarter, leaving little buffer if clients keep delaying discretionary tech projects or if large deals take longer to convert into revenue. Currency moves can also swing reported growth for exporters that bill much of their work in dollars.
