Wipro Q3 FY26 Revenue Up 3.8% QoQ to ₹235.6 Bn; IT Services Margin at 17.6%
Wipro reported Q3 FY26 revenue of ₹235.6 billion, up 3.8% QoQ. IT services operating margin expanded to 17.6%. Net income was ₹31.2 billion. The company expects Q4 FY26 IT services revenue between $2,635 million and $2,688 million. An interim dividend of ₹6 per share was declared.
The results show growth in revenue and significant improvement in operating margins, which are key financial indicators. The positive outlook and dividend announcement also contribute to a high impact on investor sentiment and company valuation.
The company reported revenue growth, improved operating margins, and strong operating cash flows. The outlook for the next quarter is also positive, and an interim dividend was declared, indicating financial health and shareholder returns.
Wipro Limited announced its financial results for the quarter ended December 31, 2025, reporting a gross revenue of ₹235.6 billion ($2,622.0 million), marking a 3.8% increase quarter-over-quarter (QoQ) and a 5.5% year-over-year (YoY). The IT services segment revenue stood at $2,635.4 million, with a 1.2% QoQ increase and a 0.2% YoY increase. On a non-GAAP constant currency basis, IT services segment revenue grew 1.4% QoQ and decreased 1.2% YoY.
The IT services operating margin for Q3 FY26 was 17.6%, showing an expansion of 0.9% QoQ and 0.1% YoY, marking the best margin performance in recent years. Net income for the quarter was ₹31.2 billion ($347.2 million), a decrease of 3.9% QoQ and 7.0% YoY. However, adjusted for the impact of labor code changes, net income increased by 3.6% QoQ and 0.3% YoY to ₹33.6 billion. Earnings per share (EPS) were ₹2.98, a decrease of 3.9% QoQ and 7.2% YoY, but adjusted EPS saw an increase.
Operating cash flows were ₹42.6 billion ($474.1 million), a significant 25.7% increase QoQ and a 13.6% decrease YoY, representing 135.4% of net income. Total bookings were $3,335 million, down 5.7% YoY in constant currency, with large deal bookings at $871 million, an 8.4% decrease YoY. Voluntary attrition was reported at 14.2% on a trailing 12-month basis.
Looking ahead to the quarter ending March 31, 2026, Wipro expects revenue from its IT Services business segment to be between $2,635 million and $2,688 million, indicating a sequential guidance of 0% to 2.0% in constant currency terms. The company also announced an interim dividend of ₹6 per share.
Srini Pallia, CEO and Managing Director, highlighted the broad-based growth and the increasing adoption of AI-enabled platforms and solutions. Aparna Iyer, CFO, emphasized the strong operating cash flow and the best margin performance in years, along with the declared interim dividend.
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