Wipro Q3FY26 results: Net profit falls 7% to ₹3,119 cr; dividend declared

Wipros results for the quarter that ended on December 31 2025 are out. The results show that Wipros revenue is up. The profit is down. This is because Wipro did a job with its main IT services. The company also made some improvements with its margins. It generated a lot of cash. However Wipro had to pay some money to its employees because of some new rules.

The people in charge of Wipro also said that they will give shareholders six rupees for each share they own. This shows that Wipro is still committed to giving money to its shareholders even when things are not going great with demand, for Wipros services.

1) The main numbers, in the news: what Wipro said they made

Net profit: down 7% YoY to ₹3,119 crore

Wipro reported that they made a profit of ₹3,119 crore. This is actually a decrease of 7 percent from what Wipro made year. It is also lower than what Wipro made in the quarter. Wipro had a time and their profit, from Wipro is not as good as it was before.

This number really got my attention. The reason is that profit is like a report card for a company. It shows how well the company is doing with things, like how many people want its products how much it charges for them how well it uses its resources and what its costs are. For Wipro the reason profit went down was not because the company is doing a lot of things. It was mostly because of a one-time expense, which I will talk about in a minute.

The revenue is up to ₹23,556 crore. This is a deal because the growth is better than what people thought it would be in some areas that were looked at. The revenue growth has actually beaten the expectations, in some of the coverage.

The company made a lot of money from its operations this quarter. It was ₹23,556 crore, which’s the same as ₹235.6 billion. This is money than the company made last year and also more than it made in the previous quarter. The revenue from operations is going up. That is a good thing, for the company.

Reuters said that Wipro did better than people thought it would with the money it made this quarter. This is because the company did well with communications and its business in the Americas was very good. Wipro beat expectations, on revenue, which is the money the company makes in three months. The communications part of Wipro and its Americas business were very strong.

Dividend: interim dividend of ₹6 per share

Wipro has announced that they will give shareholders a dividend of ₹6 for each equity share that has a face value of ₹2. They decided that January 27 2026 will be the record date for this. Wipro also said that they will pay out the dividend on or before February 14 2026. The dividend from Wipro is a thing, for people who own Wipro equity shares.

The timeline is really important to shareholders. This is because the record date is what decides who gets the dividend. Only investors who own shares on the record date will get the dividend. The record date is what matters so only investors who have shares on that date will be eligible, for the dividend that the company is giving to its shareholders, the shareholders.

2) So I want to know why the profit of the company fell, even though the revenue of the company actually went up. The revenue of the company rose,. Somehow the profit of the company still fell. It just does not make sense to me that the profit of the company would fall when the revenue of the company is rising. I am trying to understand what happened to the profit of the company.

The main reason the profit went down is because of a charge that happened one time. This charge is connected to some changes that were made because of the labour code rules. The new labour code is what caused these adjustments to be made.

The one-time labour-code cost

Wipro made a change to something from the past. This change is about the cost of giving money to people when they leave their jobs. The new labour rules caused this change. It is going to cost Wipro ₹3,028 million, which’s the same as ₹302.8 crore. Wipro has to pay this amount because of the labour code and the cost of gratuity, for past service.

Reuters also pointed out that a big one-time charge of, around ₹3 billion is connected to Indias labour codes and this is a major reason why the company did not make as much profit as expected. The ₹3 billion one-time charge related to Indias labour codes is really the main thing that caused the profit to be lower than it should be.

The profit that has been adjusted looks a lot better. The adjusted profit is really looking good.

Wipro also gave us another way to look at things. If we do not think about the labour code the company made an income of ₹33.6 billion for the quarter. This means that the income went up a little from the quarter and was about the same as it was last year.

This difference is important because it affects how we understand things: the distinction of something matters because it changes the interpretation of the information we have, about the distinction.

The reported profit is down. That makes the headline look really weak. The profit of the company is not what people were expecting so the headline is not good. This is news, for the company because the reported profit is down.

The adjusted profit is steady or a little better. This means that the operations of the company may be more stable, than what the main newss saying about it. The adjusted profit is stable or getting better so the company operations may be steadier than the headline suggests about the company.

So markets usually look at the numbers that are reported first. Then they try to figure out if the things that are called one-time items are really one-time items. Markets do this with the reported numbers and the one-time items to get an understanding of what is going on with the reported numbers and the one-time items.

3) The operating performance of the company was really good: the margins got better and the cash situation stayed very strong the operating performance was a highlight because the margins improved and the company had a lot of cash, which’s a good thing, for the operating performance.

Operating margin: 17.6%, best in “last few years”

Wipros IT services operating margin was 17.6 percent. This is a good number. It went up by 0.9 percentage points from the time. It also went up by 0.1 percentage points from the time last year. The Chief Financial Officer said that Wipros margin performance is the best it has been in a time. Wipros IT services are really doing well. The Chief Financial Officer is very happy, with Wipros operating margin.

Margin expansion is really important because it shows that a company has control over certain things like the money they make from what they sell. Margin expansion is important because it signals control over the costs of making and selling things and this is what margin expansion is all about. Margin expansion is important because it means that a company is doing a job of keeping costs down which is what margin expansion is really all about and this is very important, for the company.

delivery costs

subcontractor expenses

utilisation

mix (higher value work vs commodity work)

efficiency programs (including automation / AI-assisted delivery)

Operating cash flow: ₹42.6 billion, 135.4% of net income

Wipro made a lot of money from its business activities, which is called operating cash flows. This money was ₹42.6 billion. To understand how good this is we can compare it to the income for the quarter. The operating cash flows were 135.4% of the income for the quarter. This means the operating cash flows of Wipro were really high compared to the income of Wipro, for the quarter. Wipro did a job of generating operating cash flows.

The cash conversion ratio is something that people pay a lot of attention to in the IT services field because:

Having a lot of money coming in helps companies pay out dividends and buy back their stock. This is what happens when a company has cash flow that supports dividends and buybacks. The company can use the cash flow to pay dividends to shareholders and also use it to buy back its own stock, which is a form of buybacks. Strong cash flow is really important, for supporting these kinds of things like dividends and buybacks.

This shows that the company has disciplined collections and it also manages its working capital in a good way. The working capital management of the company is really strong. This is a good thing for the company. The company is very careful with its working capital. This helps the company to be successful. The disciplined collections and working capital management of the company are very important, for the company.

It gives a safety net when the demand for something becomes unpredictable. This can be really helpful when people are not buying things like they used to and the demand for them is not certain. The thing that provides this cushion is very useful during these times of uncertainty, with the demand.

4) What is going on with demand and deals: we need to look at the bookings the large deals and what these deals actually mean for demand and deals. Demand and deals are important to think about when we consider bookings and large deals and what they imply about the future of demand and deals.

Total deal bookings: $3.335 billion

Wipro had bookings of $3,335 million, for the quarter. The company got deal bookings that were $871 million. Wipro did well with these bookings.

Reuters said that the number of deals booked was lower than the time but it was a little higher than it was at the same time last year. This depends on how you compare the numbers and the currency you use to look at it. Reuters is talking about deal bookings for a company and the deal bookings for this company were down from the time but they were up from the same time last year so deal bookings are still important, for this company.

Bookings are really important. They are more important than how money a company makes in one quarter. This is because bookings show us how money a company will make in the future.

When a company gets a booking it means someone has agreed to buy something from them. This is a promise of money. It does not matter if the company gets the money now or later the booking is still important.

A single quarter of revenue is a small part of the whole picture. It only shows us how money a company made in three months.. Bookings show us what will happen in the future. They help us understand if a company is growing or not.

So bookings matter more than a quarter of revenue. Bookings are like a roadmap for a companys future. They help us see where the company is going. If it will be successful. Bookings are very important, for companies because they help them plan for the future.

In the information technology services the money that comes in often happens after the bookings. This can take some time. When the company has a good quarter for bookings the information technology services can do well. A strong quarter for bookings, in the information technology services can:

support revenue in upcoming quarters

signal higher confidence among clients

indicate competitiveness in large transformation deals

If the company has a booking number, that can make people wonder about how well the company will do in the future. This is especially true if the booking number is weak for quarters in a row. The future growth of the company is what people are really concerned, about when they see a booking number.

5) Guidance: what Wipro expects for the quarter of the financial year twenty twenty six

Wipro said that the revenue from its IT Services for the quarter that ends on March 31 2026 will be between $2,635 million and $2,688 million. This means that Wipro expects its IT Services revenue to stay about the same or go up by much, as 2 percent from the last quarter when you consider the exchange rates.

Guidance is really important when it comes to IT earnings. This is because it helps people understand what is going to happen in the future. Guidance is one of the things that affects the market so people pay a lot of attention to it. The reason is that Guidance sets the story for what’s going to happen with IT earnings in the short term. Guidance plays a role in shaping peoples expectations, about IT earnings.

“flat-to-modest growth” → cautious optimism

If there is any downgrade this could be a sign that the client will delay their spending. The client may not spend their money quickly as they said they would if there is a downgrade. This means that the client spend delays are likely to happen if there is any downgrade.

If there is a raise that could be a sign that demand is getting better. The demand recovery is something that people are really looking for. This upbeat raise could signal that the demand recovery is actually happening. This is, about the demand recovery and what an upbeat raise could mean for it.

The guidance is saying that things will be stable with a bit of improvement but it is not going to be a time of big growth for the company. The company will just keep going at a pace with maybe a small increase. This means we should not expect the company to suddenly start doing a lot than it is now. The guidance is talking about stability with an upside, which is not the same as a breakout growth phase, for the company.

6) Segment and geography signals: what is driving the growth of the segment and the geography signals. The segment is really important. The geography signals are also very important. So we need to know what is driving the growth of the segment and the geography signals.

Reuters said that Wipro is doing well in the Americas. They did a job in areas like communications. Also people are buying more from them in some areas, which’s a good thing, for Wipro.

Wipro says that Artificial Intelligence is very important for them. They think Artificial Intelligence is something that they need to focus on. Wipro Intelligence and the way they use Artificial Intelligence to deliver their services including some tools they have made really helped them do well this quarter. Wipro is happy, with how thingsre going with Artificial Intelligence.

The big picture is that people are being careful with their money. They are doing what is called ” spend”. This means they are choosing carefully where they want to spend their money. The idea of ” spend” is still going on. People are still being very picky about how they use their money. They are only spending it on the things that are really important, to them. The ” spend” approach is something that people are sticking to.

Across the IT sector the environment, in recent quarters has often been described as very tough. The Indian IT sector is really going through a lot of changes.

* The Indian IT sector is facing challenges.

The Indian IT sector is getting affected by all these changes.

delays in discretionary projects

stronger appetite for cost optimisation, cloud efficiency, security, and AI-enablement

deal scrutiny, longer decision cycles, and vendor consolidation

Reuters said the thing: people can wait to buy things they do not really need that are related to technology but they still want to buy essential technology things and some other special things that they think are important.

7) Attrition is something that investors really care about when they’re looking at a company. Attrition is a deal for the Human Resources department. They want to know how many people are leaving the company, which’s what attrition is. Investors like to track attrition because it tells them a lot about the company. Attrition can be a problem if it is too high. So investors are always keeping an eye on the attrition rate, at the companies they invest in. Attrition is a thing that Human Resources and investors track.

Wipro said that the number of people who left the company on their own was 14.2 percent, over the twelve months. Wipro had this many people leave Wipro during this time.

Attrition matters because it is a deal when people leave a company. Attrition matters when employees start to quit. This is something that can really hurt a business. Attrition. It is something that companies should think about.

* It can be very expensive to replace people who leave

* Companies also lose the experience and skills that the people who leave had

Attrition matters and companies need to do something about it.

When a company has turnover of employees it can really increase the costs of finding and training new people. This can also disrupt the progress of projects, which is a big problem for project continuity. High employee turnover or high attrition is something that can cause a lot of issues for companies especially when it comes to keeping projects on track. High attrition can lead to a lot of work and expense which is why it is such a concern, for businesses.

Having attrition is really good because it helps companies do things more smoothly and make more money. Low attrition can improve how well a company runs and its profit margins. This is because when a company has attrition it means that the people who work there are staying for a long time, which is great for the company. Low attrition is very important, for execution stability and margins.

When a company has low turnover it can mean that not many other companies in the same industry are hiring. This can be good because it helps keep costs down. It is not so good for the people who work there because they might not get paid as much as they want and they might not be very happy with their jobs. Low turnover can be a problem for morale and for how people get paid. Low attrition rates can signal weak industry hiring, which can be good for costs but it is mixed for morale and compensation pressures at the company, with the low turnover, specifically the low attrition.

The number is 14.2 percent. This means that the talent environment is more controlled now. It is not like it was during the IT boom that happened after the pandemic. The talent environment is more stable now. The IT boom after the pandemic saw a lot of people leaving their jobs. That is not happening as much now. The talent environment is more controlled now, at 14.2 percent.

8) Details, about dividends: things that shareholders need to know about dividends

Amount and key dates

Interim dividend: ₹6 per share

Record date: January 27, 2026

Payment date: on or before February 14, 2026

Why Wipro’s dividend matters beyond the payout

A dividend declaration is a sign that a company has confidence in the companys ability to make money and pay dividends to the people who own the companys stock, which’s a big deal, for the company and the people who own the companys stock.

cash generation

balance sheet comfort

commitment to shareholder returns

Wipros Chief Financial Officer also said that the interim dividend is part of the amount of money that Wipro pays out every year. This amount is mentioned in the release, in dollars. Wipros Chief Financial Officer is saying this to show that Wipro is giving back money to its investors. The interim dividend is a way for Wipro to return capital to its investors.

9) What the market is going to talk about after these results come out. The market will definitely have a lot to say about these results. People, in the market will debate what these results really mean for the market. The market will be discussing these results for a while.

We do not have to watch the stock market every minute to know what people will be talking about. The main things that people will probably argue about are easy to see:

A) Is the decline, in profit actually real. Is it mainly because of the way the accounts are done?

Bulls will say that the problem is mostly because of labour code changes that will not happen again. The profits of the company when we adjust for this one time issue actually look okay. Bulls will argue that the labour code issue is a one time thing and the adjusted profits of the company look fine.

Bears will say that things that are supposed to happen once actually happen a lot. They think the market should take into account the risks that make news and the uncertainty of how things will be done. The market should price the headline risk of these one-time items and the execution uncertainty of these one-time items. Bears will argue that one-time items and the risks that come with them are important.

B) Are margins sustainable at 17.6%?

Strong margins can stay in place if:

The utilisation stays high. This means that the utilisation is still very high and it is staying that way. The utilisation is always high.

Companies manage wage hikes. They have to be careful when they give people a wage hike. The wage hikes are managed so that the company can still make money. This is important for the company and, for the people who get the wage hikes. Wage hikes are managed to help everyone.

The mix really does improve things. It makes the mix better. The mix is more fun when it improves.

Automation and Artificial Intelligence really help to cut down the costs of delivering things. This is because automation and Artificial Intelligence can do a lot of tasks on their own without needing people to do them, which saves money. Automation and Artificial Intelligence make it cheaper to get things from one place to another.

The margins can come under pressure if:

The pricing gets really competitive. When you are looking at the pricing of things you will see that the pricing gets competitive. This is because people want to buy things at a price so companies have to make sure their pricing is competitive. The pricing of products is something that companies think about a lot because they want to make sure their pricing is good enough that people will want to buy from them.

People who are our clients really want us to lower the costs. They are asking for this so they can save money on the things they buy from the company that provides services to these clients. The clients demand cost cuts because they need to reduce how much they spend.

hiring costs rise again

The growth of something is slowing down. The bench is getting bigger. This means that the bench is increasing. When the growth slows down the bench increases. The increase, in the bench happens because the growth is slowing down. The bench and the growth are related,. When one changes the other changes too. The growth is slowing down. This is causing the bench to increase.

Do bookings really help a company grow more in the run?

Bookings are at three point three billion dollars. This includes zero point nine billion dollars from big deals. This shows that there are deals happening.. What really matters is the trend of these bookings over time whether they are going up or down from one quarter to the next not just the bookings at one single point in time. The trend of bookings at companies, like this is what we should be looking at the bookings trend, to get an idea of what is going on with the bookings.

D) Guidance is steady, not explosive

A 0–2% constant currency sequential band points to measured optimism, not a sudden recovery.

10) So how does this fit into the picture of the Indian IT earnings season. The Indian IT earnings season is very important. This is a part of it. We need to look at how this affects the Indian IT earnings season. The Indian IT earnings season is something that a lot of people are watching.

* It is interesting to see how this will impact the IT earnings season

* The Indian IT earnings season is a deal and this is just one piece of it.

We have to consider the IT earnings season, as a whole and how this fits into it.

Wipros quarter is coming at a time when big Indian IT companies, like Wipro have been trying to find a balance. They have been dealing with a lot of things at the time. Wipro and other large Indian IT players have to balance things.

cost optimisation programs

targeted investments in AI, cloud, cybersecurity

cautious client budgeting, especially in discretionary transformation

and a shift from “growth at any cost” to “profitable, efficient delivery”

Reuters specifically referenced that peers like TCS, HCLTech, and Infosys also reported results and expressed optimism for 2026, reflecting that the sector narrative isn’t uniformly negative—just selective and evolving.