Wipro Reports Q3 Profit Decline, Revenue Growth, and Cautious Q4 Outlook

Wipro reported a 7% year-on-year decline in consolidated net profit to Rs 3,119 crore for Q3 FY26, impacted by one-time restructuring costs and provisions related to new labour codes. Revenue grew 5.5% year-on-year to Rs 23,556 crore, with operating margins slightly improving to 17.6%. Deal bookings fell to USD 3.3 billion, raising concerns about future growth. The company issued cautious guidance for Q4, projecting 0-2% constant currency revenue growth, prompting downgrades and a share price decline of up to 10%. Analysts note a gradual return to growth but highlight margin pressures and weak deal momentum.