Home / Companies / Quarterly Results / Wipro Q3FY26 results: Net profit falls 7% to ₹3,119 cr; dividend declared

Wipro Q3FY26 results: Net profit falls 7% to ₹3,119 cr; dividend declared

Wipro said the profit decline was due to the implementation of new labour codes, which resulted in a one-time provision of ₹302.8 crore

Shares of Wipro closed at ₹267.25 apiece on the BSE on Friday. (Photo: Reuters)

2 min read Last Updated : Jan 16 2026 | 4:37 PM IST

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Information technology (IT) firm Wipro on Friday reported a consolidated net profit of ₹3,119 crore in the third quarter of the financial year 2025-26 (Q3FY26), down 7 per cent from ₹3,353.8 crore during the same period last year. On a sequential basis, profit fell 3.9 per cent from ₹3,246.2 crore. The Bengaluru-based IT major attributed the decline in profit to the implementation of new labour codes.

"Employee benefits expense includes impact of past service cost on gratuity due to implementation of new labour code of ₹302.8 during the three and nine months ended December 31, 2025," the company said in a BSE filing.

Its revenue from operations, however, grew 5.5 per cent year-on-year (Y-o-Y) to ₹23,555.8 crore from ₹22,318.8 crore in Q3FY25. On a quarter-on-quarter (Q-o-Q) basis, revenue increased 3.8 per cent from ₹22,697.3 crore.

Wipro's board also approved an interim dividend of ₹6 per share with the record date set on January 27.

"In Q3, we delivered broad-based growth in line with our expectations. As artificial intelligence (AI) becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations," said Srini Pallia, chief executive officer (CEO) and managing director (MD) at Wipro.

The rollout of the new labour codes has weighed on profit margins across the IT sector. Industry leaders Tata Consultancy Services (TCS), Infosys and HCLTech have all reported a material impact in their Q3 results. Earlier this week, TCS said the changes led to a statutory charge of ₹2,128 crore in Q3 FY26. Infosys reported a hit of ₹1,289 crore for the quarter, while HCLTech disclosed a one-time provision of $82 million (around ₹719 crore) linked to the implementation.

Shares of Wipro closed at ₹267.25 apiece on the BSE on Friday.