Winning Bizness Desk

Mumbai.India’s fourth-largest IT services company Wipro reported a mixed performance for the October–December quarter, with profits declining but revenue showing steady growth. The company posted a consolidated net profit of ₹3,119 crore in the third quarter of FY26, marking a 7 percent drop compared to the same period last year. In the corresponding quarter of the previous financial year, Wipro had reported a profit of ₹3,354 crore. The results were announced on Thursday, January 16, reflecting ongoing pressure on margins amid a cautious global tech spending environment.

Revenue grows despite profit pressure

While profitability remained under strain, Wipro’s topline performance showed resilience. The company’s consolidated revenue rose 5.54 percent year-on-year to ₹23,556 crore during the quarter under review. In the same quarter last year, revenue stood at ₹22,318 crore. The growth indicates stable demand for technology services, even as clients remain selective in discretionary spending and large transformation deals.

Key highlights from Q3 performance

Some of the major takeaways from Wipro’s quarterly results include the following:

• Consolidated net profit declined 7 percent to ₹3,119 crore
• Revenue increased 5.54 percent to ₹23,556 crore year-on-year
• The company continued to operate amid a challenging global IT environment
• Margins faced pressure despite steady deal activity

Workforce trends and stock market reaction

Wipro also reported changes in its workforce indicators during the quarter. The company’s attrition rate stood at 14.9 percent, compared to 14.2 percent in the year-ago period, indicating relative stability in employee exits. At the same time, the overall employee base increased by 6,529 compared to the previous year. On the stock market, Wipro shares closed 2.54 percent higher at ₹266.80 on the day results were announced. However, the stock remains under pressure on a longer-term basis.

Stock performance and dividend announcement

For shareholders, the board’s decision on dividends was a key announcement. Wipro approved an interim dividend of ₹6 per equity share, offering some relief to investors amid a volatile market. Key stock-related details include:

• Shares closed at ₹266.80, up 2.54 percent
• Wipro stock has fallen 7.38 percent so far this year
• The company’s market capitalisation stands at about ₹2.80 lakh crore
• Interim dividend of ₹6 per share approved by the board

Business profile and consolidated results explained

Wipro is a leading global technology services and consulting company with operations across 65 countries. Founded as a vegetable oil business, the company underwent a major transformation under Azim Premji, who took control in 1966 at the age of 21. Over the decades, Wipro diversified into IT services, software solutions and consulting. The reported figures are consolidated results, meaning they reflect the performance of the entire Wipro Group rather than a single unit. Consolidated financials provide a broader picture of the company’s overall health and business direction.