Wipro Clarifies Financial Results Discrepancy with NSE
Wipro Limited clarified a PBT discrepancy in its consolidated XBRL financial results to the NSE. The company explained that profits from associates are accounted for differently in XBRL versus consolidated results. A reconciliation showed minor differences, with consolidated PBT for Q3 FY26 at ₹41,339 crore and for nine months FY26 at ₹126,746 crore.
This is a clarification on a reporting format issue and does not indicate any material change in the company's financial performance or operational status.
The announcement is a clarification of a technical discrepancy in financial reporting and does not inherently present positive or negative financial performance.
Wipro Limited has responded to a clarification sought by the National Stock Exchange of India Limited (NSE) regarding discrepancies observed in its financial results submitted on January 16, 2026. The NSE pointed out a mismatch in the Profit Before Tax (PBT) figures in the consolidated financial results filed in XBRL format.
Wipro clarified that its consolidated financial results are prepared according to Schedule III of the Companies Act, 2013. The company explained that profits and losses from investments classified as associates, accounted for using the equity method, are included in the PBT as per Schedule III. However, the XBRL format, as published, captures these associate profits/losses at the net profit level, not within the PBT itself.
To address this, Wipro has added a note to its XBRL filing stating, "Profit before Tax excludes Share of net profit/loss of associate and joint venture accounted for using the equity method." The company provided a reconciliation, showing that for the three months ended December 31, 2025, the PBT as per XBRL was ₹41,311 crore, with an additional ₹28 crore from associates, resulting in a consolidated PBT of ₹41,339 crore. For the nine months ended December 31, 2025, the PBT as per XBRL was ₹126,516 crore, with an additional ₹230 crore from associates, leading to a consolidated PBT of ₹126,746 crore.
Wipro trusts this explanation resolves the NSE's concerns and is available for further information.
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Wipro Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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