Wipro Reports Q3 Profit Decline and Provides Soft Q4 Revenue Guidance

Wipro reported a 7% decline in consolidated net profit to Rs 3,119 crore for Q3 FY26, impacted by one-time restructuring charges and labour code implementation costs. Revenue grew modestly by 3.8% quarter-on-quarter and 5.5% year-on-year, aided by the Harman acquisition. However, total contract value and large deal bookings fell significantly, with management flagging delays in ramping up large deals. The company’s Q4 guidance projects 0-2% sequential revenue growth, leading to an over 8% drop in share price amid investor concerns over subdued growth and margin pressures.