Wipro Q3 Profit Dips 7% to ₹3,119 Cr, Declares ₹6 Interim Dividend

• Wipro's consolidated net profit for Q3 FY25-26 fell 7% year-on-year and 4% quarter-on-quarter to ₹3,119 crore.
• Profitability was impacted by labor code expenses and other cost pressures; excluding these, net income rose 3.6% QoQ.
• IT services revenue reached ₹23,378 crore, a 3.3% QoQ increase, despite being slightly below market expectations.
• IT services EBIT margin decreased to 15.3%, but the IFRS operating margin saw a 90 basis point quarterly increase to 17.6%.
• The company announced an interim dividend of ₹6 per share, totaling approximately $1.3 billion in annual payout, and reported strong deal bookings of $3.3 billion.

Why It Matters: Wipro faced a profit decline in Q3 due to cost pressures but maintained stable growth and declared a ₹6 interim dividend.