Q3 FY2026
Filed Oct 20, 2026Wipro reported Q3 2026 IFRS consolidated revenue from operations of ₹ 247,527 million and profit for the period of ₹ 31,997 million, while completing a ₹ 150,508 million share buyback during the six months ended September 30, 2026.
Revenue from operations and several regional IT Services revenue lines were higher than the September 30, 2025 quarter, but profit for the period and profit before tax were lower than both the prior-year quarter and June 30, 2026 quarter. The quarter also included a completed ₹ 150,508 million buyback and the group reported cash and cash equivalents of ₹ 95,016 million at September 30, 2026.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 revenue from operationsother | ₹247.5B | – | – |
| Q3 2026 foreign exchange gains/(losses), netother | ₹655M | – | – |
| Q3 2026 total incomeother | ₹248.2B | – | – |
| Q3 2026 total expensesother | ₹207.5B | – | – |
| Q3 2026 employee benefits expenseother | ₹148.4B | – | – |
| Q3 2026 sub-contracting and technical feesother | ₹28.11B | – | – |
| Q3 2026 depreciation, amortization and impairment expenseother | ₹8.77B | – | – |
| Q3 2026 finance expensesother | ₹5.45B | – | – |
| Q3 2026 finance and other incomeother | ₹6.77B | – | – |
| Q3 2026 total segment resultother | ₹40.65B | – | – |
| Q3 2026 profit before taxother | ₹42.05B | – | – |
| Q3 2026 tax expenseother | ₹10.05B | – | – |
| Q3 2026 profit for the periodother | ₹32.00B | – | – |
| Q3 2026 profit attributable to equity holders of the Companyother | ₹32.01B | – | – |
| Q3 2026 total comprehensive income for the periodother | ₹38.59B | – | – |
| Q3 2026 basic earnings per shareother | ₹ 3.23 | – | – |
| Q3 2026 diluted earnings per shareother | ₹ 3.23 | – | – |
| Six months ended September 30, 2026 revenue from operationsother | ₹492.3B | – | – |
| Six months ended September 30, 2026 profit for the periodother | ₹65.56B | – | – |
| Six months ended September 30, 2026 basic earnings per shareother | ₹ 6.43 | – | – |
| Six months ended September 30, 2026 diluted earnings per shareother | ₹ 6.43 | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| IT Services Americas 1, Q3 2026Americas 1 includes Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health and Consumer. | ₹84.98B | – | – |
| IT Services Americas 2, Q3 2026Americas 2 includes Banking and Financial Services, Energy, Manufacturing and Resources and Capital Markets and Insurance. | ₹63.19B | – | – |
| IT Services Europe, Q3 2026Europe consists of the United Kingdom and Ireland, Switzerland, Germany and Western Europe. | ₹67.55B | – | – |
| IT Services APMEA, Q3 2026APMEA consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa. | ₹30.95B | – | – |
| Total IT Services, Q3 2026IT Services provides AI-powered IT and IT-enabled services including AI advisory, consulting, AI native development, modernization, cybersecurity, data and analytics, business process services, research and development, and hardware and software design. | ₹246.7B | – | – |
| IT Products, Q3 2026IT Products is a value-added reseller of security, packaged and SaaS software for leading international brands. | ₹1.51B | – | – |
Capital returns
- During the six months ended September 30, 2026, the Company concluded the buyback of 600,000,000 equity shares at a price of ₹ 250 per equity share.
- The buyback resulted in a total cash outflow of ₹ 150,508 million, including transaction costs related to buyback of ₹ 508 million.
- Payment of dividend was ₹ 19,784 million for the six months ended September 30, 2026.
- The paid-up equity share capital reduced by ₹ 1,200 million consequent to the buyback.
What drove it
- IT Services revenue was ₹ 246,670 million in Q3 2026, compared with ₹ 226,405 million in Q3 2025.
- Europe IT Services revenue was ₹ 67,546 million in Q3 2026, compared with ₹ 59,531 million in Q3 2025.
- APMEA IT Services revenue was ₹ 30,945 million in Q3 2026, compared with ₹ 25,042 million in Q3 2025.
- The Company acquired 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries effective May 15, 2026.
- Wipro IT Services, LLC acquired an additional 20% stake in Aggne Global Inc. effective June 1, 2026, and the Company acquired an additional 20% stake in Aggne Global IT Services Private Limited effective June 18, 2026.
- Effective April 1, 2026, customers across Latin America and Canada were aligned with the respective industry sectors in Americas 1 and Americas 2, and prior-period comparables were readjusted.
Concerns
- Q3 2026 profit for the period was ₹ 31,997 million, compared with ₹ 32,624 million in Q3 2025 and ₹ 33,563 million in the June 30, 2026 quarter.
- Q3 2026 profit before tax was ₹ 42,047 million, compared with ₹ 42,824 million in Q3 2025 and ₹ 43,345 million in the June 30, 2026 quarter.
- Americas 1 segment result was ₹ 16,009 million in Q3 2026, compared with ₹ 17,265 million in Q3 2025 and ₹ 16,691 million in the June 30, 2026 quarter.
- Americas 2 segment result was ₹ 11,222 million in Q3 2026, compared with ₹ 11,292 million in Q3 2025.
- IT Products segment result was ₹ (72) million in Q3 2026, compared with ₹ 101 million in Q3 2025 and ₹ 16 million in the June 30, 2026 quarter.
- The filing states that a decline in revenue and earnings estimates led to revision of the recoverable value of customer-relationship and marketing-related intangible assets, resulting in an impairment charge of ₹ 851 million for the year ended March 31, 2026.
What to watch
- Profit for the period relative to revenue from operations, following the Q3 2026 profit decline versus both reported comparison periods.
- Performance of Americas 1 and Americas 2 segment results.
- The contribution and integration of Mindsprint Pte. Ltd. and its subsidiaries, acquired effective May 15, 2026.
- Cash and investment balances following the ₹ 150,508 million buyback cash outflow and ₹ 32,971 million payment for business acquisitions including deposits and escrow, net of cash acquired.
- IT Products segment result, which was ₹ (72) million in Q3 2026.
Balance sheet and cash flow
- Cash and cash equivalents were ₹ 95,016 million as at September 30, 2026, compared with ₹ 105,555 million as at March 31, 2026.
- Current borrowings were ₹ 185,021 million as at September 30, 2026, compared with ₹ 165,912 million as at March 31, 2026.
- Non-current borrowings were ₹ — million as at September 30, 2026, compared with ₹ 1,962 million as at March 31, 2026.
- Current investments were ₹ 341,527 million as at September 30, 2026, compared with ₹ 437,680 million as at March 31, 2026.
- Net cash generated from operating activities was ₹ 85,928 million for the six months ended September 30, 2026, compared with ₹ 74,991 million for the six months ended September 30, 2025.
- Payment for purchase of property, plant and equipment was ₹ 7,640 million for the six months ended September 30, 2026, compared with ₹ 6,114 million for the six months ended September 30, 2025.
- Payment for business acquisitions including deposits and escrow, net of cash acquired was ₹ 32,971 million for the six months ended September 30, 2026.
- Net cash generated from investing activities was ₹ 72,287 million for the six months ended September 30, 2026, compared with ₹ 28,054 million for the six months ended September 30, 2025.
- Net cash used in financing activities was ₹ 169,355 million for the six months ended September 30, 2026, compared with ₹ 98,604 million for the six months ended September 30, 2025.
Analysis
Wipro reported Q3 2026 IFRS consolidated revenue from operations of ₹ 247,527 million, compared with ₹ 226,973 million in the September 30, 2025 quarter and ₹ 244,786 million in the June 30, 2026 quarter. Total income was ₹ 248,182 million. Total IT Services revenue was ₹ 246,670 million, while IT Products revenue was ₹ 1,512 million. The filing identifies IT Services as the provider of AI-powered IT and IT-enabled services across advisory, consulting, development, modernization, cybersecurity, data and analytics, business process services, research and development, and hardware and software design.
Regional IT Services revenue was higher than the prior-year quarter in every disclosed market unit. Americas 1 reported ₹ 84,985 million versus ₹ 80,556 million, Americas 2 reported ₹ 63,194 million versus ₹ 61,276 million, Europe reported ₹ 67,546 million versus ₹ 59,531 million, and APMEA reported ₹ 30,945 million versus ₹ 25,042 million. Europe and APMEA also reported higher segment results than in Q3 2025, at ₹ 11,309 million and ₹ 4,323 million, respectively. Americas 1 segment result was ₹ 16,009 million compared with ₹ 17,265 million, while Americas 2 segment result was ₹ 11,222 million compared with ₹ 11,292 million.
Earnings were lower despite the reported revenue expansion. Profit before tax was ₹ 42,047 million, compared with ₹ 42,824 million a year earlier and ₹ 43,345 million in the preceding quarter. Profit for the period was ₹ 31,997 million, compared with ₹ 32,624 million and ₹ 33,563 million, respectively. Total segment result was ₹ 40,645 million, versus ₹ 37,829 million a year earlier and ₹ 39,206 million sequentially. Employee benefits expense was ₹ 148,370 million, depreciation, amortization and impairment expense was ₹ 8,767 million, and finance expenses were ₹ 5,454 million.
Capital allocation was the principal cash-use item during the six-month period. Wipro concluded the buyback of 600,000,000 equity shares at ₹ 250 per share, resulting in a total cash outflow of ₹ 150,508 million including ₹ 508 million of transaction costs. The group also paid ₹ 19,784 million of dividends and ₹ 32,971 million for business acquisitions including deposits and escrow, net of cash acquired. Operating cash flow was ₹ 85,928 million, while cash and cash equivalents were ₹ 95,016 million at September 30, 2026, compared with ₹ 105,555 million at March 31, 2026.
The release provides no forward guidance. Operationally, investors should focus on whether the quarter's revenue progression can translate into recovery in profit before tax and profit for the period, especially in the Americas segment results and IT Products, which reported a segment loss of ₹ (72) million. The filing also notes the acquisition of Mindsprint Pte. Ltd. and its subsidiaries effective May 15, 2026, and changes to customer alignment across Latin America and Canada effective April 1, 2026, with prior-period comparables readjusted.
Not in the filing
stated, not guessed- Forward revenue guidance
- Forward gross margin guidance
- Forward operating expense guidance
- Forward tax-rate guidance
- Prior guidance for comparison
- Gross profit
- Gross margin
- Consolidated operating income as a separately reported line item
- Free cash flow
- Quarterly operating cash flow
- Quarterly capital expenditures
- Dividend declared per share
- Named executive earnings commentary or quotes
- Explicit year-over-year and sequential percentage changes for reported metrics
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.