Wipro Limited Q3 FY2026 Results
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Overview
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Detailed Analysis
Sentiment
Mixed
Executive Summary
Wipro Q3 FY2026: Revenue ₹23,555.8 Cr (vs ₹22,318.8 Cr YoY), PAT ₹3,145.0 Cr (vs ₹3,366.7 Cr YoY)
Wipro reported consolidated Q3 FY2026 revenue from operations of ₹23,555.8 Cr, up from ₹22,318.8 Cr in Q3 FY2025, while consolidated profit after tax (PAT) was ₹3,145.0 Cr, down from ₹3,366.7 Cr YoY. Profit before tax fell to ₹4,133.9 Cr in Q3 FY2026 from ₹4,453.3 Cr in Q3 FY2025, reflecting higher items below operating margin. Key one-offs in the quarter included an impairment charge of ₹84.1 Cr and past-service cost due to new labour codes of ₹30.28 Cr; restructuring costs of ₹26.29 Cr were recorded under reconciling items. The Board declared an interim dividend of ₹6 per share after the...Consolidated Revenue (Q3 FY2026)
₹23,555.8 Crvs ₹22,318.8 Cr in Q3 FY2025
Consolidated Profit after tax (PAT) (Q3 FY2026)
₹3,145.0 Crvs ₹3,366.7 Cr in Q3 FY2025
Profit before tax (PBT) (Q3 FY2026)
₹4,133.9 Crvs ₹4,453.3 Cr in Q3 FY2025
Total comprehensive income (Q3 FY2026)
₹3,492.1 Crvs ₹3,385.8 Cr in Q3 FY2025
Basic EPS (Q3 FY2026)
₹2.98 per sharevs ₹3.21 per share in Q3 FY2025
IT Services revenue (Q3 FY2026)
₹23,378.1 Crvs ₹22,285.1 Cr in Q3 FY2025
Finance costs (Q3 FY2026)
₹365.6 Crvs ₹414.6 Cr in Q3 FY2025
Key Highlights
10
Consolidated revenue from operations for Q3 FY2026 was ₹23,555.8 Cr, up ₹1,237.0 Cr YoY from ₹22,318.8 Cr in Q3 FY2025, driven by IT Services growth.
Consolidated PAT for Q3 FY2026 was ₹3,145.0 Cr, down ₹221.7 Cr YoY from ₹3,366.7 Cr in Q3 FY2025, reflecting lower PBT and one-off charges.
Profit before tax declined to ₹4,133.9 Cr in Q3 FY2026 from ₹4,453.3 Cr in Q3 FY2025, a reduction of ₹319.4 Cr, indicating margin pressure before tax.
IT Services segment revenue for Q3 FY2026 was ₹23,378.1 Cr, up ₹1,093.0 Cr YoY from ₹22,285.1 Cr in Q3 FY2025, led by Americas and Europe growth.
The company recognised an impairment charge of ₹84.1 Cr in Q3 FY2026 related to customer-relationship and marketing intangible assets, recorded within depreciation, amortisation and impairment expense.
Americas 1 revenue in Q3 FY2026 was ₹7,780.9 Cr (₹77,809 mn) and Americas 2 was ₹6,770.8 Cr (₹67,708 mn), showing continued strength in US markets.
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Key Highlights
10
Consolidated revenue from operations for Q3 FY2026 was ₹23,555.8 Cr, up ₹1,237.0 Cr YoY from ₹22,318.8 Cr in Q3 FY2025, driven by IT Services growth.
Consolidated PAT for Q3 FY2026 was ₹3,145.0 Cr, down ₹221.7 Cr YoY from ₹3,366.7 Cr in Q3 FY2025, reflecting lower PBT and one-off charges.
Profit before tax declined to ₹4,133.9 Cr in Q3 FY2026 from ₹4,453.3 Cr in Q3 FY2025, a reduction of ₹319.4 Cr, indicating margin pressure before tax.
IT Services segment revenue for Q3 FY2026 was ₹23,378.1 Cr, up ₹1,093.0 Cr YoY from ₹22,285.1 Cr in Q3 FY2025, led by Americas and Europe growth.
The company recognised an impairment charge of ₹84.1 Cr in Q3 FY2026 related to customer-relationship and marketing intangible assets, recorded within depreciation, amortisation and impairment expense.
Impact of India’s new Labour Codes resulted in past-service cost (gratuity) of ₹30.28 Cr recognised in employee benefits expense for Q3 FY2026.
Americas 1 revenue in Q3 FY2026 was ₹7,780.9 Cr (₹77,809 mn) and Americas 2 was ₹6,770.8 Cr (₹67,708 mn), showing continued strength in US markets.
Restructuring costs of ₹26.29 Cr were included in Reconciling Items for Q3 FY2026, signalling ongoing structural actions.
Finance costs fell to ₹365.6 Cr in Q3 FY2026 from ₹414.6 Cr in Q3 FY2025, a decline of ₹49.0 Cr, slightly supporting PBT.
Board declared an interim dividend of ₹6 per equity share after the reporting period (record date January 27, 2026), payable on or before February 14, 2026.
Guidance & Outlook
5
Board declared an interim dividend of ₹6 per share post the quarter, reflecting management confidence in cash generation; dividend payable on or before February 14, 2026.
Management is monitoring finalisation of Central and State Rules for the new Labour Codes and will update accounting treatment as clarifications emerge; Q3 FY2026 already includes ₹30.28 Cr past‑service cost.
Company continues integration of acquired businesses (including Harman Connected Services acquisition effective December 1, 2025) and will reflect synergies and consolidation in subsequent quarters.
Management flagged restructuring actions (₹26.29 Cr in Q3 FY2026) and will continue cost realignment; investors should watch for further restructuring charges in coming quarters.
Capital allocation includes maintaining reserves and continuing to monitor M&A integration; no explicit quarterly capex guidance disclosed in the report.
Risks & Concerns
6
Profitability risk from one-off charges
Q3 FY2026 includes an impairment charge of ₹84.1 Cr and restructuring costs of ₹26.29 Cr that reduced operating profit.
Labour code implementation increased defined benefit obligation by ₹30.28 Cr in Q3 FY2026, creating recurring cost uncertainty pending final rules and interpretations.
YoY decline in PBT (₹4,133.9 Cr in Q3 FY2026 vs ₹4,453.3 Cr in Q3 FY2025) and PAT (₹3,145.0 Cr vs ₹3,366.7 Cr) signals margin pressure despite revenue growth.
Integration risk from recent acquisitions (Harman Connected Services and others) may weigh on near-term margins through integration costs and consolidation adjustments.
Revenue concentration risk
Impairment and valuation risks remain for intangible assets given noted impairment charges and revised recoverable value assessments in Q3 FY2026.
AI-generated analysis. May contain inaccuracies — verify against original sources.