IT service segment revenue grows 1.4% QoQ CC and 1.2% in reported terms
Operating margin at 17.6%; Expands 0.9% sequentially and 0.1% YoY
Overall deal bookings at $3.3Bn; Large deal booking at $0.9Bn
Operating cash flows at 135.4% of net income
EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)--January 16, 2026--
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2025.
Highlights of the Results
Results for the Quarter ended December 31, 2025:
1. Gross revenue at Rs 235.6 billion ($2,622.0 million1), increase of 3.8%
QoQ and 5.5% YoY.
2. IT services segment revenue was at $2,635.4 million, increase of 1.2%
QoQ and 0.2% YoY.
3. Non-GAAP2 constant currency IT Services segment revenue increased 1.4%
QoQ and decreased 1.2% YoY.
4. Total bookings3 was at $3,335 million, down 5.7% YoY in constant
currency2. Large deal bookings4 was at $871 million, decrease of 8.4% YoY
in constant currency2.
5. IT services operating margin5 for Q3'26 was 17.6%, expansion of 0.9%
QoQ and 0.1% on YoY basis.
6. Net income for the quarter was at Rs 31.2 billion ($347.2 million1),
decrease of 3.9% QoQ and 7.0% YoY.
7. Earnings per share for the quarter at Rs 2.98 ($0.031), decrease of
3.9% QoQ and 7.2% YoY.
8. Adjusted for impact of labour code changes6, Net Income for the quarter
was Rs 33.6 billion ($374.3 million1), increase of 3.6% QoQ and 0.3% YoY
and EPS for the quarter was Rs 3.21 ($0.041), increase of 3.5 % QoQ and
flat YoY.
9. Operating cash flows of Rs 42.6 billion ($474.1 million1), increase of
25.7% QoQ and decrease of 13.6% YoY and at 135.4% of Net Income for the
quarter.
10. Voluntary attrition was at 14.2% on a trailing 12-month basis.
Outlook for the Quarter ending March 31, 2026
We expect revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million*. This translates to sequential guidance of 0% to 2.0% in constant currency terms.
*Outlook for the Quarter ending March 31, 2026, is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72
Performance for the Quarter ended December 31, 2025
Srini Pallia, CEO and Managing Director, said, "In Q3, we delivered broad--based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI--enabled platforms and solutions, scaled AI--led delivery through WINGS and WEGA, and expanded our innovation network across global locations."
Aparna Iyer, Chief Financial Officer, said, "Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of Rs 6 per share which will take the total payout for the year to $1.3 Bn."
1. For the convenience of the readers, the amounts in Indian Rupees in this
release have been translated into United States Dollars at the certified
foreign exchange rate of US$1 = Rs 89.84, as published by the Federal
Reserve Board of Governors on December 31, 2025. However, the realized
exchange rate in our IT Services business segment for the quarter ended
December 31, 2025, was US$1= Rs 88.71
2. Constant currency for a period is the product of volumes in that period
times the average actual exchange rate of the corresponding comparative
period.
3. Total Bookings refers to the total contract value of all orders that
were booked during the period including new orders, renewals, and
increases to existing contracts. Bookings do not reflect subsequent
terminations or reductions related to bookings originally recorded in
prior fiscal periods. Bookings are recorded using then-existing foreign
currency exchange rates and are not subsequently adjusted for foreign
currency exchange rate fluctuations. The revenues from these contracts
accrue over the tenure of the contract. For constant currency growth
rates, refer note 2.
4. Large deal bookings consist of deals greater than or equal to $30
million in total contract value.
5. IT Services Operating Margin refers to Segment Results Total as
reflected in IFRS financials.
6. Adjusted for impact of past service cost on gratuity due to
implementation of new labour code amounting to Rs 3,028Mn for the three
and nine months ended December 31, 2025, is included in the table title
"Reconciliation for Adjusted Net Income and Adjusted EPS" at the end.
Highlights of Strategic Deal Wins
In Q3'26, Wipro continued to win large and strategic deals across industries. Key highlights include:
1. A global technology leader has renewed its decade-long relationship
with Wipro to advance trust and safety operations across its platforms.
With thousands of specialists deployed worldwide, Wipro will continue to
refine and train AI and machine learning models to align with the
client's content policies. This large deal win reinforces Wipro's ability
to deliver scalable, high-impact services that enhance user safety,
strengthen platform integrity, and deliver responsible digital
experiences for the client.
2. Wipro has renewed and expanded its decade-long strategic partnership
with a US-based national health insurance organization. Through the
multi-year engagement, Wipro will continue to provide comprehensive
member enrollment and management services, ensuring that senior citizens
and children can seamlessly enroll and access healthcare benefits. Wipro
leverages its proprietary PayerAI solution, part of Wipro IntelligenceTM,
to offer a scalable, AI-infused SaaS platform that features intelligent
automation, agentic AI capabilities, and highly configurable workflows.
This engagement will significantly boost productivity, enhance
operational agility, and unlock cost efficiencies for the client.
3. A prominent North American household furnishings manufacturer has
selected Wipro to modernize its technology landscape and accelerate
innovation across its enterprise applications. This multi-year engagement
focuses on driving automation and embedding AI at scale. The Wipro team
will leverage AI accelerators to deliver predictive insights, automate
workflows, and enhance user experience. Additionally, Wipro will help set
up a Center of Excellence to fast-track AI adoption and unlock new
business value. These initiatives will also enable the client to
modernize legacy systems and improve business agility to drive
operational excellence and support future growth.
4. A leading UK-based facilities management company has extended its
long-standing relationship with Wipro and signed a multi-year agreement
to accelerate enterprise-wide transformation. The engagement will deploy
Wipro Intelligence$(TM)$, Wipro's unified suite of AI-powered platforms,
solutions, and transformative offerings, to drive automation, predictive
analytics, and conversational AI to modernise core functions, improving
speed, accuracy, and resilience. Automated patching and intelligent
monitoring will strengthen infrastructure reliability, while workflow and
change management programs will reduce manual effort and enhance client
experience. These initiatives are expected to deliver significant cost
savings, boost operational efficiency, and strengthen client's position
as a technology-led facility transformation in the industry.
5. One of the world's largest food and beverage goods companies,
headquartered in Europe, has selected Wipro to accelerate the
transformation of its global Digital Workplace and enterprise support
ecosystem. Wipro secured a significant multi-year engagement to modernize
and support the organisation's global workforce systems and enhance
employee productivity. This initiative, one of the client's most
expansive workplace transformation programs, will leverage Wipro
Intelligence(TM)--a unified suite of AI-powered platforms, solutions and
transformative offerings--as well as real time voice translation
capabilities to elevate the employee experience at scale.
6. A major European insurance provider has engaged Wipro in a multi-year
strategic program to reimagine its infrastructure landscape and
accelerate its hybrid cloud journey. Wipro will deliver a comprehensive
suite of services across data center, networking, security, databases,
and storage, while enabling a seamless transition to a future-ready
hybrid cloud model. Leveraging AI for observability, automation, and
standardisation, this solution will enhance agility, resilience, and
operational efficiency. This initiative will strengthen regional presence
and ensure cultural alignment to deliver faster response times, improved
service reliability, and reduced operational risk, enabling the client to
accelerate innovation and improve customer experience.
7. One of India's top banking and financial services institutions has
selected Wipro for a multi-year engagement to accelerate its digital
transformation and strengthen its technology foundation. Wipro will
modernize core IT operations, manage critical banking systems, and
deliver a secure, cloud-enabled infrastructure to enhance operational
resilience and customer experience. The solution leverages Wipro
Intelligence(TM) to enable automation, robust cybersecurity, and
streamlined enterprise application operations, ensuring uninterrupted
services and scalability. Wipro will also orchestrate advanced solutions
for payments, capital markets, retail and wholesale banking, and risk and
compliance, alongside developing an automated system for key processes.
This transformation will drive measurable improvements in efficiency,
security, and agility, enabling the client to innovate at scale and
deliver seamless experiences in an increasingly digital-first
environment.
8. A leading Southeast Asian airline has renewed its longstanding
strategic engagement with Wipro to elevate customer interaction
capabilities across multiple touchpoints. Leveraging deep industry
expertise and Wipro IntelligenceTM, the team will support a wide spectrum
of customer journeys including member account services, loyalty programs,
reservations, ticketing and redemption, disruption management, and
digital channel support for the airline's website and mobile app. This
engagement will deliver faster resolutions, improved service consistency,
and superior governance compliance through real-time decision-making,
optimised staffing, and enhanced transparency. The renewed collaboration
reinforces Wipro's position as a trusted strategic partner, driving
intelligent, scalable, and experience-led customer servicing.
9. In a strategic AI-led engagement, Wipro was selected by a leading
global communications technology company to transform its finance and
accounting operations using advanced agentic AI. The solution supported
by Wipro's WEGA orchestration for enterprise-grade governance will
introduce smart automation agents to handle tasks like invoice processing,
reconciliations, and reporting across multiple systems. These AI agents
will interpret documents, apply financial logic such as accounting rules,
validations, and matching criteria, and execute workflow actions with
audit-ready transparency. The engagement will accelerate financial
processes, improve accuracy, strengthen compliance, and create a scalable
foundation for rapid growth and new capabilities.
10. A global telecommunications technology company has selected Wipro to
deliver an AI-infused transformation by accelerating its Software
Development Lifecycle. Leveraging AI-powered automation agents built on
the WEGA platform, the solution simplifies code analysis, reviews,
validations, and routine tasks, driving greater speed, accuracy, and
governance. Supported by Wipro's enterprise-grade Agentic AI framework,
these intelligent agents will streamline workflows, enforce enterprise
standards, and accelerate delivery cycles. This transformation enhances
code quality and compliance while also establishing a scalable
architecture enabling rapid onboarding of additional AI agents and
seamless expansion.
11. Wipro has been chosen by a U.S.-based health insurer to modernize and
manage operations across its Commercial, Medicare, and Medicaid
businesses. Leveraging its proprietary PayerAI solution, part of Wipro
IntelligenceTM, Wipro will deploy automation and AI-infused capabilities
across the client's claims processing, member and provider enrolment,
data management, and configuration of core health systems. The AI-driven
Provider Roster Management System and Claims Inventory Management System
will streamline complex provider data processes and improve accuracy.
Through this engagement, Wipro will deliver measurable improvements in
operational efficiency, scalability, and cost optimization, while
ensuring compliance and better service delivery.
12. Wipro has renewed its multi-year engagement with a leading US-based
regional healthcare organization to enhance the client's operational
excellence and compliance. Through its proprietary PayerAI solution, part
of Wipro IntelligenceTM, Wipro has implemented a scalable AI-infused SaaS
platform that automates reconciliation of state beneficiary enrollment
and payment data with health plan membership and expected payments. This
solution ensures accurate payment alignment, strengthens revenue
integrity, supports regulatory compliance, and reduces administrative
burden, enabling the client to achieve efficiency at scale.
Analyst Recognition
1. Wipro was rated as a Leader in Avasant's Generative AI Services 2025 RadarView(TM) 2. Wipro was positioned as a Leader in IDC MarketScape: Worldwide Manufacturing Intelligence Transformation Strategic Consulting 2025 Vendor Assessment (Doc # US52988325 Nov 2025) 3. Wipro was rated as a Leader in ISG Provider Lens(TM) - AWS Ecosystem Partners 2025 - US & UK (all quadrants) 4. Wipro was positioned as a Leader in Everest Group's Talent Readiness for Next Generation Data, Analytics, and AI Services PEAK Matrix$(R)$ Assessment 2025 5. Wipro was ranked as a Leader in Avasant's SAP S/4HANA Services 2025--2026 RadarView(TM) 6. Wipro was positioned as a Horizon 3 -- Market Leader in the HFS Horizons: Life Sciences Service Providers, 2025 report 7. Wipro was positioned as a Leader in Everest Group's ServiceNow Services PEAK Matrix(R) Assessment 2025 8. Wipro was positioned as a Leader in the 2025 Gartner(R) Magic Quadrant(TM) for Service Integration and Management Services 9. Wipro was recognized as a Leader in the 2025 Gartner(R) Magic Quadrant(TM) for Data Center Outsourcing Services 10. Wipro was recognized as a Leader in Avasant's Telecom Digital Services 2025 RadarView(TM) 11. Wipro was recognized as a Leader in Everest Group's Banking Operations -- Services PEAK Matrix(R) Assessment 2025 12. Wipro was named as a Leader in the 2025 Gartner(R) Magic Quadrant(TM) for Outsourced Digital Workplace Services Source & Disclaimer: *Gartner, "Magic Quadrant for Service Integration and Management Services", Andrea Lanzavecchia, et al, 29 October 2025. *Gartner, "Magic Quadrant for Data Center Outsourcing Services", Biswajit Maity, et al, 3 November 2025. *Gartner, "Magic Quadrant for Outsourced Digital Workplace Services", Karl Rosander, et al, 10 November 2025. GARTNER and MAGIC QUADRANT are trademarks of Gartner, Inc. and its affiliates. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner's research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this press release, and the opinions expressed in the Gartner Content are subject to change without notice.
IT Products
1. IT Products segment revenue for the quarter was Rs 2.6 billion ($28.6
million1)
2. IT Products segment results for the quarter were Rs 0.23 billion ($2.5
million1)
Please refer to the table at the end for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.
About Key Metrics and Non-GAAP Financial Measures
This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.
The table at the end provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.
Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.
Results for the Quarter ended December 31, 2025, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com/investors/
Quarterly Conference Call
We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (8:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIP160125
An audio recording of the management discussions and the question-and-answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence(TM) unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network -- part of the Wipro Intelligence(TM) suite -- underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
WIPRO LIMITED AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(Rs in millions, except share and per share data, unless otherwise stated)
As at March 31, 2025 As at December 31, 2025
-------------------- ------------------------------
Convenience
translation into
U.S. Dollar in
millions
(unaudited) at the
rate of Rs 89.84
-------------------- --------- -------------------
ASSETS
Goodwill 325,014 367,635 4,092
Intangible assets 27,450 29,494 328
Property, plant and
equipment 80,684 80,540 896
Right-of-Use assets 25,598 29,247 326
Financial assets
Derivative assets ^ - -
Investments 26,458 27,933 311
Trade receivables 299 645 7
Other financial assets 4,664 6,029 67
Investments accounted
for using the equity
method 1,327 1,991 22
Deferred tax assets 2,561 4,452 50
Contract assets - 1,673 19
Non-current tax assets 7,230 7,807 87
Other non-current
assets 7,460 8,543 95
-------------------- --------- -------------------
Total non-current
assets 508,745 565,989 6,300
-------------------- --------- -------------------
Inventories 694 755 8
Financial assets
Derivative assets 1,820 148 2
Investments 411,474 455,035 5,065
Cash and cash
equivalents 121,974 118,914 1,324
Trade receivables 117,745 135,815 1,511
Unbilled receivables 64,280 70,917 789
Other financial assets 8,448 9,511 106
Contract assets 15,795 12,663 141
Current tax assets 6,417 11,215 125
Other current assets 29,128 30,897 344
-------------------- --------- -------------------
Total current assets 777,775 845,870 9,415
-------------------- --------- -------------------
TOTAL ASSETS 1,286,520 1,411,859 15,715
-------------------- --------- -------------------
EQUITY
Share capital 20,944 20,974 233
Share premium 2,628 5,827 65
Retained earnings 716,477 760,420 8,464
Share-based payment
reserve 6,985 6,851 76
Special Economic Zone
Re-investment
reserve 27,778 28,437 317
Other components of
equity 53,497 74,271 827
-------------------- --------- -------------------
Equity attributable to
the equity holders of
the Company 828,309 896,780 9,982
Non-controlling
interests 2,138 2,174 24
-------------------- --------- -------------------
TOTAL EQUITY 830,447 898,954 10,006
-------------------- --------- -------------------
LIABILITIES
Financial liabilities
Loans and borrowings 63,954 1,860 21
Lease liabilities 22,193 26,434 294
Derivative liabilities - 520 6
Other financial
liabilities 7,793 7,222 80
Deferred tax
liabilities 16,443 17,851 199
Non-current tax
liabilities 42,024 45,284 504
Other non-current
liabilities 17,119 26,367 294
Provisions 294 158 2
-------------------- --------- -------------------
Total non-current
liabilities 169,820 125,696 1,400
-------------------- --------- -------------------
Financial liabilities
Loans, borrowings and
bank overdrafts 97,863 161,201 1,794
Lease liabilities 8,025 8,551 95
Derivative liabilities 968 4,725 53
Trade payables and
accrued expenses 88,252 98,942 1,100
Other financial
liabilities 3,878 5,684 63
Contract liabilities 20,063 25,912 289
Current tax
liabilities 34,481 45,925 511
Other current
liabilities 31,086 34,394 383
Provisions 1,637 1,875 21
-------------------- --------- -------------------
Total current
liabilities 286,253 387,209 4,309
-------------------- --------- -------------------
TOTAL LIABILITIES 456,073 512,905 5,709
-------------------- --------- -------------------
TOTAL EQUITY AND
LIABILITIES 1,286,520 1,411,859 15,715
-------------------- --------- -------------------
^ Value is less than
0.5
---------------------- -------------------- --------- -------------------
WIPRO LIMITED AND SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Rs in millions, except share and per share data, unless otherwise stated)
Three months ended December 31, Nine months ended December 31,
------------------------------------------------------- -------------------------------------------------------
2024 2025 2025 2024 2025 2025
--------------- --------------- --------------------- --------------- --------------- ---------------------
Convenience Convenience
translation into U.S. translation into U.S.
Dollar in millions Dollar in millions
(unaudited) at the (unaudited) at the
rate of Rs 89.84 rate of Rs 89.84
--------------- --------------- --------------------- --------------- --------------- ---------------------
Revenues 223,188 235,558 2,622 665,842 683,877 7,612
Cost of revenues (153,922) (167,199) (1,861) (462,277) (484,278) (5,390)
-------------- -------------- -------------- ---- -------------- -------------- -------------- ----
Gross profit 69,266 68,359 761 203,565 199,599 2,222
Selling and
marketing
expenses (16,081) (15,008) (167) (49,313) (45,213) (503)
General and
administrative
expenses (14,629) (18,404) (205) (41,876) (46,626) (519)
Foreign exchange
gains/(losses),
net 410 788 9 (192) 1,528 17
-------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Results from
operating
activities 38,966 35,735 398 112,184 109,288 1,217
Finance expenses (4,146) (3,656) (41) (11,003) (10,876) (121)
Finance and other
income 9,708 9,232 103 26,383 28,104 313
Share of net
profit/ (loss)
of associate and
joint venture
accounted for
using the equity
method 5 28 - (37) 230 2
-------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Profit before tax 44,533 41,339 460 127,527 126,746 1,411
Income tax
expense (10,866) (9,889) (110) (31,228) (29,307) (326)
-------------- -------------- -------------- ---- -------------- -------------- -------------- ----
Profit for the
period 33,667 31,450 350 96,299 97,439 1,085
-------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Profit
attributable
to:
Equity holders of
the Company 33,538 31,190 347 95,658 96,956 1,080
Non-controlling
interests 129 260 3 641 483 5
-------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Profit for the
period 33,667 31,450 350 96,299 97,439 1,085
-------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Earnings per
equity share:
Attributable to
equity holders
of the Company
Basic 3.21 2.98 0.03 9.15 9.26 0.10
Diluted 3.20 2.97 0.03 9.13 9.23 0.10
Weighted average
number of equity
shares used in
computing
earnings per
equity share
Basic 10,457,414,881 10,477,008,222 10,477,008,222 10,454,728,795 10,475,167,174 10,475,167,174
Diluted 10,482,964,010 10,498,247,011 10,498,247,011 10,481,436,710 10,499,925,047 10,499,925,047
----------------- -------------- -------------- -------------- ----- -------------- -------------- -------------- -----
Information on reportable segments for the three months ended December 31, 2025, September 30, 2025, December 31, 2024, nine months ended December 31, 2025, December 31, 2024, and year ended March 31, 2025 are as follows:
Year
Particulars Three months ended Nine months ended ended
--------------- ----------------------------- ------------------ ----------
December December December December
31, September 31, 31, 31, March
2025 30, 2025 2024 2025 2024 31, 2025
--------------- -------- --------- -------- -------- -------- ----------
Audited Audited Audited Audited Audited Audited
--------------- -------- --------- -------- -------- -------- ----------
Segment revenue
IT Services
Americas 1 77,809 74,821 72,010 225,727 208,103 281,824
Americas 2 67,708 67,011 68,120 201,789 203,390 271,972
Europe 62,405 59,531 59,282 178,753 181,525 240,077
APMEA 25,859 25,042 23,439 74,717 70,753 94,351
------- -------- ------- ------- ------- -------
Total of IT
Services 233,781 226,405 222,851 680,986 663,771 888,224
IT Products 2,565 1,126 747 4,419 1,879 2,692
--------------- ------- -------- ------- ------- ------- -------
Total segment
revenue 236,346 227,531 223,598 685,405 665,650 890,916
--------------- ------- -------- ------- ------- ------- -------
Segment result
IT Services
Americas 1 16,409 15,435 14,966 46,838 41,991 58,186
Americas 2 14,450 13,122 15,275 40,957 45,813 61,326
Europe 8,003 6,962 7,600 20,991 21,294 29,434
APMEA 3,583 3,308 3,667 9,870 9,178 12,850
Unallocated (1,259) (1,018) (2,518) (1,527) (5,907) (10,157)
------- -------- ------- ------- ------- -------
Total of IT
Services 41,186 37,809 38,990 117,129 112,369 151,639
IT Products 227 101 29 348 (201) (173)
Reconciling
Items (5,678) (81) (53) (8,189) 16 (195)
--------------- ------- -------- ------- ------- ------- -------
Total segment
result 35,735 37,829 38,966 109,288 112,184 151,271
--------------- ------- -------- ------- ------- ------- ------- Finance expenses (3,656) (3,612) (4,146) (10,876) (11,003) (14,770) Finance and other income 9,232 8,455 9,708 28,104 26,383 38,202 Share of net profit/ (loss) of associate and joint venture accounted for using the equity method 28 152 5 230 (37) 254 --------------- ------- -------- ------- ------- ------- ------- Profit before tax 41,339 42,824 44,533 126,746 127,527 174,957 --------------- ------- -------- ------- ------- ------- -------
Additional Information:
The Company is organized into the following operating segments: IT Services and IT Products.
IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units ("SMUs") - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa ("APMEA"). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.
Americas 1 includes the entire business of Latin America ("LATAM") and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech.
Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Western Europe.
APMEA consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa.
Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.
IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.
Reconciliation of selected GAAP measures to Non-GAAP measures
1. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)
Three Months ended December 31, 2025
IT Services Revenue as per IFRS $2,635.4
Effect of Foreign currency exchange movement $6.4
--------
Non-GAAP Constant Currency IT Services Revenue
based on previous quarter exchange rates $2,641.8
---------------------------------------------------------------- --------
Three Months ended December 31, 2025
IT Services Revenue as per IFRS $2,635.4
Effect of Foreign currency exchange movement ($39.1)
--------
Non-GAAP Constant Currency IT Services Revenue
based on exchange rates of comparable period in previous year $2,596.3
---------------------------------------------------------------- --------
2. Reconciliation of Free Cash Flow for three months and nine months ended December 31, 2025
Amounts In INR Mn
------------------------------------ ------------------ -----------------
Three months ended Nine months ended
Dec 31, 2025 Dec 31, 2025
------------------------------------ ------------------ -----------------
Profit for the period [A] 31,450 97,439
------------------------------------- ------------------ -----------------
Computation of Free Cash Flow
------------------------------------ ------------------ -----------------
Net cash generated from operating
activities [B] 42,594 117,585
------------------------------------- ------------------ -----------------
Add/ (deduct) cash inflow/
(outflow)on:
------------------------------------ ------------------ -----------------
Purchase of property, plant and
equipment (4,668) (10,782)
------------------------------------- ------------------ -----------------
Proceeds from sale of property, plant
and equipment 79 757
------------------------------------- ------------------ -----------------
Free Cash Flow [C] 38,005 107,560
------------------------------------- ------------------ -----------------
Operating Cash Flow as percentage of
Net Income [B/A] 135.4% 120.7%
------------------------------------- ------------------ -----------------
Free Cash Flow as percentage of Net
Income [C/A] 120.8% 110.4%
------------------------------------- ------------------ -----------------
3. Reconciliation for Adjusted Net Income and Adjusted EPS
Amounts in INR Mn
---------------------------- ---------------------- ---------------------
Three months ended Dec Nine months ended Dec
Particulars 31, 2025 31, 2025
---------------------------- ---------------------- ---------------------
Net Income [A] 31,190 96,956
----------------------------- ---------------------- ---------------------
Add: Impact on gratuity
expenses due to
implementation of new labour
code [B] 3,028 3,028
----------------------------- ---------------------- ---------------------
Less[C]: Tax on [B] (590) (590)
----------------------------- ---------------------- ---------------------
Adjusted Net Income [D]:
[A+B+C] 33,628 99,394
----------------------------- ---------------------- ---------------------
Adjusted EPS Basic (Rs) 3.21 9.49
----------------------------- ---------------------- ---------------------
View source version on businesswire.com: https://www.businesswire.com/news/home/20260116787946/en/
CONTACT: Contact for Investor Relations
Abhishek Jain
Phone: +91-80-6142 6143
abhishek.jain2@wipro.com
Contact for Media & Press
Dinesh Joshi
Phone: +91 92052-64001
media-relations@wipro.com
(END) Dow Jones Newswires
January 16, 2026 09:48 ET (14:48 GMT)
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