Wipro Q3 FY26 Profit Dips 7% to Rs 3,119 Cr Amid Cost Pressures; Deal Bookings Strong

• Wipro reported a 7% year-on-year decline in consolidated net profit to Rs 3,119 crore for Q3 FY26.
• The profit dip was primarily due to cost pressures, including labor code-linked adjustments and a one-time gratuity expense of Rs 302.8 crore.
• Despite profit decline, deal bookings remained strong at $3.3 billion, with large deals contributing $0.9 billion.
• Revenue for the October-December quarter stood at Rs 23,378 crore, with robust operating cash flow of Rs 4,259 crore.
• Employee attrition moderated to 14.2% on a trailing 12-month basis, and Wipro projects 0-2% sequential growth for Q4 FY26.

Why It Matters: Wipro's Q3 FY26 profit fell due to cost pressures, but strong deal bookings and moderated attrition offer future optimism.