Wipro (WIPRO) Q3 25/26 earnings summary

Executive summary

• Q3 FY2026 IT services revenue was $2.64 billion, up 1.4% sequentially in constant currency, with broad-based growth except in Americas 2 and EMR.

• Operating margin reached 17.6%, expanding 0.4% quarter-over-quarter and 0.1% year-over-year.

• Interim dividend of ₹6 per share declared, with total shareholder payout exceeding $1.3 billion for the year.

• Audited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved, with unmodified opinions from auditors.

• Harman DTS acquisition completed, enhancing engineering and AI capabilities and contributing to revenue growth.

Financial highlights

• IT services revenue grew 1.4% sequentially in constant currency and 1.2% in reported terms; year-on-year growth was 0.2% in reported terms but declined 1.2% in constant currency.

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

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

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

• Operating cash flows were 135% of net income for Q3.

Outlook and guidance

• Q4 IT services revenue guidance is $2.635–$2.688 billion, translating to 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.

• Margins are expected to remain in the 17–17.5% band, though pressure from acquisitions and investments is anticipated.

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