Wipro (WIPRO) Q3 25/26 (Media) earnings summary

Executive summary

• IT services revenue for Q3 reached $2.64 billion, up 1.4% sequentially in constant currency and 0.2% year-on-year in reported currency.

• Audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on January 16, 2026.

• Interim dividend of ₹6 per equity share declared, payable on or before February 14, 2026, with total cash distributed to shareholders exceeding $1.3 billion for FY 2026.

• Operating margin expanded to 17.6%, one of the best performances in recent years.

• Integration of Harman DTS acquisition added engineering and AI capabilities, contributing 0.8% to Q3 revenue.

Financial highlights

• Consolidated revenue from operations for Q3 FY26 was ₹235,558 million, up from ₹223,188 million in Q3 FY25.

• Consolidated net profit for Q3 FY26 was ₹31,450 million, compared to ₹33,667 million in Q3 FY25.

• Adjusted net income for the quarter was INR 33.6 billion, with adjusted EPS at INR 3.21, up 3.5% sequentially and flat year-on-year.

• Operating cash flow was 135% of net income; gross cash including investments stood at $6.5 billion as of December 31.

• Total comprehensive income for Q3 FY26 was ₹34,981 million, up from ₹33,958 million in Q3 FY25.

Outlook and guidance

• Q4 IT services revenue guidance is $2.635–$2.688 billion, implying 0–2% sequential growth in constant currency.

• Guidance includes incremental two months of Harman DTS revenue and factors in fewer working days and delayed ramp-ups in large deals.

• The company continues to monitor the impact of new labour codes and will adjust accounting treatment as further government clarifications are issued.