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Wipro Q3 Earnings Show Mixed Results
16 Jan
Summary
- Wipro's Q3 FY26 net profit fell 4.4% sequentially to Rs 3,119 crore.
- Revenue increased by 3.8% to Rs 23,555.8 crore in the same period.
- An interim dividend of Rs 6 per share was declared, with a record date of Jan. 26, 2026.
Wipro Ltd. has announced its consolidated financial results for the third quarter of FY26, revealing a sequential dip in net profit by 4.4%. The company's bottom line stood at Rs 3,119 crore, a decrease from Rs 3,262 crore in the previous quarter. Despite the profit drop, Wipro's revenue experienced growth, increasing by 3.8% to Rs 23,555.8 crore from Rs 22,697.3 crore in the second quarter.
Further financial details indicate a 5.1% decline in earnings before interest and tax (EBIT), which amounted to Rs 3,491 crore, down from Rs 3,681 crore. The company's margin also contracted, settling at 14.8% compared to 16.2% in the preceding quarter. Notably, the Q3 results were impacted by new labor codes, contributing Rs 303 crore.
In addition to its financial performance, Wipro declared an interim dividend of Rs 6 per share, with a face value of Rs 2. Shareholders will note January 26, 2026, as the record date for this dividend, with payments scheduled for on or before February 14, 2026.
