Wipro Q3 FY26 Results: 17.6% Margin, Rs 6 Dividend

What Wipro reported for Q3 FY26

Wipro Ltd reported its financial results for the quarter ended December 31, 2025 (Q3 FY26), showing modest revenue growth while net income fell compared with the year-ago period. The company said its IT services operating margin improved to 17.6%, with expansion on both a sequential and year-on-year basis. Wipro also declared an interim dividend of Rs 6 per share.

The numbers were released as the broader IT services sector continues to balance cost control with uneven demand and soft deal momentum. In Wipro’s case, the quarter showed improving operating performance even as profit after tax declined year-on-year.

Revenue growth and reported gross revenue

For the December 2025 quarter, Wipro reported gross revenue of Rs 235.6 billion, up 3.8% quarter-on-quarter (QoQ) and 5.5% year-on-year (YoY). Revenue from operations was also cited at Rs 235.56 billion, indicating the same scale of topline for the quarter.

In US dollar terms, gross revenue was reported at $1,622.0 million. The company highlighted the performance of its core IT services business as the primary contributor to the topline.

IT services revenue in dollars and constant currency indicators

Wipro reported IT services segment revenue of $1,635.4 million, up 1.2% QoQ and 0.2% YoY. The article also noted that in constant currency terms, IT services revenue increased 1.4% sequentially but declined 1.2% YoY on a non-GAAP basis.

These indicators point to a quarter where reported growth was positive, but constant currency trends still showed pressure when viewed over a full year.

Operating margin improves to 17.6%

IT services operating margin for Q3 FY26 stood at 17.6%, expanding 0.9% QoQ and 0.1% YoY. Wipro’s Chief Financial Officer Aparna Iyer said the 17.6% margin was the company’s best margin performance in the last few years.

The company also linked the margin performance to execution focus and operational discipline. While the article referenced cost optimisation and better utilisation as drivers, the central data point remained the margin expansion on both key comparisons.

Net income falls, with an adjustment for labour code changes

Wipro reported net income for the quarter at Rs 31.2 billion, down 3.9% QoQ and 7.0% YoY. Earnings per share (EPS) was Rs 2.98, down 3.9% QoQ and 7.2% YoY.

However, adjusted for the impact of labour code changes, Wipro reported net income of Rs 33.6 billion, up 3.6% QoQ and 0.3% YoY. Adjusted EPS was Rs 3.21, up 3.5% QoQ and flat YoY.

Cash flow: 135.4% of net income

Operating cash flows for Q3 FY26 were Rs 42.6 billion, up 25.7% QoQ and down 13.6% YoY. Wipro said this represented 135.4% of net income for the quarter.

In her remarks, Aparna Iyer pointed to this cash conversion as evidence of execution rigour, alongside the margin improvement. Cash generation remains a closely tracked metric for IT services firms, especially in periods of cautious discretionary spending.

Geographic performance: Americas 1 and Europe

Within IT services, the article highlighted growth in two market units. The Americas 1 market unit generated revenue of Rs 77.81 billion, up from Rs 72.01 billion in the year-ago period. The Europe market unit reported Rs 62.40 billion, up from Rs 59.28 billion last year.

These figures underline that while overall profitability was pressured on a reported basis, Wipro still posted year-on-year growth in key regions.

Deal activity: bookings and large deals

The quarter’s deal flow was described as soft. Total bookings were reported at $1.3 billion, down 5.7% YoY in constant currency terms. Large deal bookings were $171 million, down 8% YoY.

Bookings trends matter because they influence revenue visibility in upcoming quarters, particularly for large vendors with meaningful exposure to multi-year transformation programmes.

Interim dividend: amount, record date, and payment timeline

Wipro’s board declared an interim dividend of Rs 6 per equity share (face value Rs 2). The company fixed Tuesday, January 27, 2026 as the record date to determine eligible shareholders. The dividend is scheduled to be credited on or before February 14, 2026.

The CFO also said the interim dividend would take Wipro’s total payout for the year to $1.3 billion.

Stock reaction on the result day

On the day the numbers were reported, Wipro shares settled 2.59% higher at Rs 266.90 on the BSE, according to the article. The move suggests the market responded positively to the margin improvement and shareholder payout, even as year-on-year net income declined.

Key figures at a glance

What to track next

Wipro said it expects revenue from the IT Services business segment for FY26 to be in the range of $1,635 million to $1,688 million. Alongside that outlook, investors are likely to watch whether the margin improvement at 17.6% sustains, and whether bookings trends improve from the quarter’s softer levels.

The next key checkpoints are the interim dividend timeline, execution against the IT services revenue range shared by the company, and any updates on demand conditions reflected in bookings and large deals.