Wipro Q3 Results FY26 Live Updates: IT major Wipro reported a 7% year-on-year(YoY) decline in its consolidated net profit in Q3FY26 at Rs 3,119 crore. Revenue however increased 5.5% at Rs 23,555 crore.
Key highlights
#1 Impact of new labour codes-Wipro said that the company has faced an one-time gratuity expense stood at Rs 302.8 crore
#2 FY26 guidance in focus-The company said that it expects revenue from the IT Services business segment to be in the range of $2,635 million to $2,688 million, sequential growth of 0% to 2.0% in constant currency terms.
#3 dividend announcement-Wipro announced an interim dividend of approximately Rs 6 per share with face value of Rs 2 each to the members of the company whose names appear on the record date of January 27. The interim dividend will be paid on or before February 14.
#4 Deal pipeline-Large deal TCV declined 8.4% YoY at $0.9 billion.
Wipro Q3 FY26 Results, Earnings Live Updates: IT services revenue grows 1.2% QoQ
Wipro's IT services revenue stood at $2,635.4 million, up 1.2% QoQ and 0.2% YoY, while on a constant currency basis, IT services revenue grew 1.4% sequentially but declined 1.2% from a year ago.
Wipro’s total headcount stood at 242,021 in Q3, with voluntary attrition at 14.2% on a trailing 12-month basis. Net utilisation, excluding trainees, was 83.1%.
Wipro’s Q3 profit was hit by higher gratuity expenses following the implementation of the new labour code, which led to an impact of Rs 302.8 crore in Q3.
“The implementation of the Labour Codes has resulted in an increase of Rs 291.5 crore in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current reporting period. The company continues to monitor the finalisation of Central and State rules, as well as government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required,” Wipro said in its Q3 release.
Wipro Q3 FY26 Results, Earnings Live Updates: 'Best margin performance in years,' CFO highlights strong cash flow
“Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of Rs 6 per share which will take the total payout for the year to $1.3 Bn,” said Aparna Iyer, Chief Financial Officer of Wipro.
Wipro Q3 FY26 Results, Earnings Live Updates: AI emerges as key differentiator for Wipro in Q3
“In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations,” said Srini Pallia, CEO and Managing Director of Wipro.
Wipro expects revenue from IT services business segment to be in the range of $2,635 million to $2,688 million. "This translates to sequential guidance of 0% to 2.0% in constant currency terms." the company said in its Q3 press release.
Total deal bookings: $3.34 billion, down 5.7% YoY (CC)
Large deal bookings: $0.9 billion, down 8.4% YoY (CC)
Wipro Q3 FY26 Results, Earnings Live Updates: Key highlights
Revenue: Rs 23,555 crore, up 5.5% YoY
Profit: Rs 3,119 crore, down 7%
Dividend: Rs 6 per share
Labour code restructing expenses: Rs 302.8 crore
Wipro Q3 FY26 Results, Earnings Live Updates: Wipro board declares Rs 6 dividend
Wipro has declared an interim dividend of Rs 6 per equity share. The company has set January 27 as the record date and February 14 as the dividend payment date.
The company stated that the board has approved “Payment of interim dividend of ~ 6/- per equity share of par value ~ 2/- each to the Members of the Company as on January 27, 2026, being the Record Date. The payment of Interim Dividend will be made on or before February 14, 2026.”
Wipro posted a 7% YoY profit decline in Q3 FY26. The IT companies profit in the quarter came down to Rs 3,119 crore in Q3 from a profit of Rs 3,353 crore in Q3 FY25.
Wipro reported a 5.5% YoY revenue growth in Q3 FY26. The company’s consolidated revenue from operation in the Q3 FY26 stood at Rs 23,555 crore, compared to a revenue of Rs 22,318 crore in the corresponding quarter of previous fiscal year.
Wipro Q3 FY26 Results, Earnings Live Updates:Margins seen flat
Nuvama expects Wipro’s revenue growth to be supported by a 1% contribution from the Harman acquisition. However, margins are likely to remain flat quarter-on-quarter (QoQ).
“We forecast IT Services revenue growth of 0.5% QoQ in constant currency terms and 0.3% QoQ growth in US dollar terms, in line with the midpoint of guidance,” Nuvama noted.
“We expect Wipro to provide 1.5% to 3.5% constant currency QoQ revenue growth guidance for Q4 FY26, including a 2% QoQ incremental contribution from Harman,” Nuvama added.
Wipro Q3 FY26 Results, Earnings Live Updates: 'Revenue seen rising 2% QoQ as Harman acquisition adds support
Axis Securities Equity Research expects 2% quarter-on-quarter(QoQ) revenue growth, driven by stability in the European business and partial contribution from the Harman acquisition.
In December 2025, Wipro completed the acquisition of the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, in a deal valued at $375 million. “With the successful closure of the deal, DTS will begin operating as part of Wipro’s Engineering Global Business Line,” the company said.
“EBIT margins are expected to improve by 28 bps QoQ, supported by cost control measures and acquisition integration,” Axis Securities Equity Research said.
Axis Securities Equity Research said that the key monitorables include (a) deal TCV and pipeline, (b) performance of the European business, (c) Phoenix deal ramp-up, and (d) the Harman acquisition.
Wipro Q3 FY26 Results, Earnings Live Updates: Large-deal TCV expected at $2 billion
Deal pipeline is in focus. Kotal Institutional equities expects large deal total contract value (TCV) to remain healthy at around $2 billion, supported by Wipro’s aggressive pursuit of big deals. “The conversion of TCV into revenue will remain a key area of focus,” the analyst said.
Wipro Q3 FY26 Results, Earnings Live Updates: Dividend announcement in focus
Wipro, in its BSE release, while announcing the earnings date, said it will declare interim dividend, if any, for FY26. In the previous quarter, the IT firm had not any dividend.
“Wipro has returned excess cash to shareholders through buybacks in the past. Despite a higher dividend payout ratio, its approach to capital returns is unlikely to change, and any buyback announcement will be closely watched,” said Kotak Institutional Equities.
Wipro Q3 FY26 Results, Earnings Live Updates: Kotak expects Wipro to guide 1.5%–3.5% revenue growth
Kotak Institutional Equities expects Wipro’s revenue growth guidance to be at 1.5% to 3.5%, with 2% inorganic contribution. The brokerage firm said that the residual ramp-up of the Phoenix mega deal and the recent deal wins would aid growth.
Kotak expects Wipro to post organic revenue growth guidance of -0.5% to +1.5%.
Wipro Q3 FY26 Results, Earnings Live Updates: Jefferies said new labour codes to hit Q3 profits
Wipro’s peers TCS, HCL Tech and Infosys have already reported their Q3 results. The IT firms reported a sharp decline in consolidated net profit, hit by restructuring expenses arising from the new labour codes introduced by the Indian government and effective from November 2025.
Jefferies noted that India’s new labour codes could pose a fresh risk to IT earnings, leading to a one-time impact of 10–20% on profits in Q3 FY26, while also pushing up recurring employee costs by as much as 5%.
Read more: Not a One-Time impact for IT firms: Jefferies warns new labour codes impact is just getting started
Wipro Q3 FY26 Results, Earnings Live Updates: Key factors to watch out for
1. Impact of new labour codes
2. FY26 guidance in focus
3. Investors await dividend announcement
4. Deal pipeline
5. FY26 Revenue growth
Equirus Securities expects order inflows, especially large deals to remain strong, supported by Wipro’s aggressive push in securing big contracts.
“We expect IT Services US dollar sales to grow 1.9% quarter-on-quarter in constant currency terms, with organic growth of around 1% QoQ. This is within Wipro’s guided range of a 0.5% decline to 1.5% growth,” Equirus Securities noted
“Recurring IT Services EBIT margins, excluding one-off expenses in Q2FY26, are likely to fall by about 30 basis points QoQ. This is due to costs related to large deal ramp-ups and the consolidation of Harman DTS, a lower-margin business acquired in early December 2025. These pressures are expected to be partly offset by favourable currency movement and cost efficiencies,” it added.
Axis Securities estimates a 3.7% YoY and 2% QoQ revenue growth for Wipro in Q3 FY26. The analyst adds that Wipro’s revenue in the quarter was aided by stability in the European business and partial contribution from the Harman acquisition.
Wipro Q3 FY26 Results, Earnings Live Updates: Wipro share price
Wipro shares are up 3.19% in intra-day trade and are currently trading at Rs 268.50, ahead of the company’s Q3 results announcement.
Wipro Q3 FY26 Results, Earnings Live Updates: Kotak Sees Wipro Q3 FY26 Revenue Up 6% YoY
Kotak Institutional Securities expects Wipro’s Q3 FY26 revenue to rise 6% year-on-year and 4.2% quarter-on-quarter to ₹23,701 crore. The brokerage believes Wipro’s organic revenue growth will be above the mid-point of its guidance at 0.9% QoQ, mainly driven by the ramp-up of the Phoenix deal. The DTS acquisition also contributed, as it was consolidated for one month during the quarter.
The IT firm in its BSE release said, “Wipro, a leading AI-powered technology services and consulting company, will announce results for the third quarter ended December 31, 2025, on Friday, January 16, 2026, after stock market trading hours in India.”
Wipro also said that it will also announce “interim dividend, if any, for the financial year 2025-26”
Wipro Q3 FY26 Results, Earnings Live Updates: Welcome to this LIVE blog
Good morning! The Q3 earnings season continues, with major IT firms like TCS, HCLTech and Infosys already declaring their results. Now, all eyes are on Wipro as it gears up to announce its Q3FY26 earnings today.
Follow this live blog for real-time updates on Wipro’s financial performance, profit (if there is any impact of new labour code), dividend declaration, and key management insights. Stay tuned for the latest developments as they unfold.