Wipro Q3 Revenue Up 5.5% YoY to Rs 235.6 B, Margin at 17.6%
Wipro reported Q3 revenue of Rs 235.6 billion ($2.62 billion), up 3.8% QoQ and 5.5% YoY, with IT services revenue at $2.64 billion, operating margin rising 0.9 pp QoQ to 17.6%, and net income of Rs 31.2 billion ($347.2 million). Board declared Rs 6/share interim dividend and guided Q4 IT services revenue of $2.64–2.69 billion (0–2% constant-currency growth).
1. Q3 Financial Results Highlight Broad-Based Growth
Wipro reported gross revenue of Rs 235.6 billion for the quarter ended December 31, 2025, representing sequential growth of 3.8% and year-on-year growth of 5.5%. The IT services segment generated $2,635.4 million in revenue, up 1.2% sequentially and 0.2% year-on-year, while non-GAAP constant currency IT services revenue rose 1.4% sequentially despite a modest 1.2% decline year-on-year. Total bookings for the quarter reached $3,335 million, down 5.7% on a year-on-year constant currency basis, with large deal bookings of $871 million, an 8.4% decline year-on-year in constant currency.
2. Profitability, Cash Flow and Dividend Declared
Operating margins in the IT services segment expanded by 0.9 percentage points sequentially and 0.1 percentage points year-on-year to 17.6%, marking the highest margin performance in several years. Reported net income was Rs 31.2 billion, down 3.9% sequentially and 7.0% year-on-year, with reported EPS of Rs 2.98 falling by the same rate. Adjusted for labour code changes, net income increased 3.6% sequentially to Rs 33.6 billion, and adjusted EPS rose 3.5% sequentially to Rs 3.21. Operating cash flow was strong at Rs 42.6 billion, up 25.7% sequentially and representing 135.4% of net income. The board declared an interim dividend of Rs 6 per share, taking total payouts to $1.3 billion for the fiscal year.
3. Strategic Deal Momentum Drives Future Growth
During the quarter, Wipro secured multiple multi-year engagements across sectors. A global technology leader extended a decade-long partnership to enhance trust and safety operations with AI and machine learning model training. A US health insurer renewed and expanded its member enrolment services through Wipro’s PayerAI platform, while a North American furniture manufacturer selected Wipro to modernize its enterprise applications with predictive analytics and automation. In Europe, a major food and beverage company and a UK facilities management firm both signed deals to deploy Wipro Intelligence™, leveraging AI-powered platforms to drive automation, observability, and cost efficiencies.
4. Q4 Revenue Guidance Reflects Stable Growth Expectations
For the quarter ending March 31, 2026, Wipro expects IT services revenue to range between $2,635 million and $2,688 million, implying sequential constant currency growth of 0% to 2.0%. The guidance incorporates exchange rates of GBP/USD at 1.33, EUR/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72.