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Informist, Friday, Jan. 16, 2026

 

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--Wipro Oct-Dec consol net profit INR 31.19 bln 
--Analysts saw Wipro Oct-Dec consol net profit at INR 33.49 bln 
--Wipro Oct-Dec consol revenue INR 235.56 bln 
--Analysts saw Wipro Oct-Dec consol revenue at INR 233.88 bln 
--Wipro Oct-Dec consol net profit INR 31.19 bln vs INR 32.46 bln qtr ago 
--Wipro Oct-Dec consol revenue INR 235.56 bln vs INR 226.97 bln qtr ago 
--Wipro to pay INR 6 per share interim dividend 
--Wipro interim dividend record date is Jan 27 
--Wipro Apr-Dec consol net profit INR 96.96 bln vs INR 95.66 bln year ago 
--Wipro Apr-Dec consol revenue INR 683.88 bln vs INR 665.84 bln year ago 
--Wipro: See Jan-Mar IT svcs revenue at $2.64 bln to $2.69 bln 
--Wipro: Jan-Mar IT svcs constant currency revenue guidance is 0% to 2% QoQ 
--Wipro: Saw impact of INR 3.03 bln in Oct-Dec due to new labour codes 
--Wipro Oct-Dec revenue up 1.4% on quarter in constant currency terms 
--Wipro Oct-Dec revenue down 1.2% on year in constant currency terms 
--Wipro Oct-Dec IT services operating margin 17.6% vs 16.7% quarter ago 
--Wipro Oct-Dec total bookings $3.34 bln vs $4.69 bln quarter ago 
--Wipro Oct-Dec large deal booking $871 mln vs $2.85 bln quarter ago 
--Wipro total headcount 242,021 as on  Dec 31 vs 235,492 as on Sept 30 
--Wipro Oct-Dec employee utilisation, ex-trainees, at 83.1% vs 86.4% qtr ago 
--Wipro Oct-Dec 12-month attrition 14.2% vs 14.9% quarter ago 
--Wipro Oct-Dec BFSI sales up 2.6% QoQ in constant currency, up 0.4% on yr 
--Wipro Q3 consumer sales up 0.7% QoQ in constant currency, dn 5.7% on yr 
--Wipro Q3 energy, mfg sales dn 4.9% QoQ in constant currency, dn 5.8% on yr 
--Wipro Oct-Dec sales from Americas-1 up 1.8% QoQ in constant currency terms 
--Wipro Oct-Dec sales from Americas-2 dn 0.8% QoQ in constant currency terms 
--Wipro Oct-Dec sales from Europe up 3.3% QoQ in constant currency terms 
--Wipro Oct-Dec net profit, ex-labour code impact, at INR 33.63 bln 

 

By Arya S. Biju

 

MUMBAI – Information technology major Wipro Ltd. reported a low-single-digit sequential decline in its bottom line for the December quarter, despite the company's top line growing at its fastest pace in 13 quarters. The company's bottom line for the quarter was hit by higher employee benefit expenses, including an INR 3.03 billion impact due to the new labour codes, which came into effect on Nov. 21.

 

The country's fourth-largest IT company by market capitalisation reported a consolidated net profit of INR 31.19 billion for the December quarter, down around 4% sequentially and 7% on year. This was also well below the INR 33.49 billion net profit estimated by the Street. Adjusted for the impact of the new labour codes, the company's consolidated net profit for the quarter was INR 33.63 billion, up around 4% on quarter. This was in line with analysts' expectations.  

 

The company's consolidated revenue for the quarter grew around 4% sequentially and around 6% year over year to INR 235.56 billion, beating Street estimates of INR 233.88 billion by a slight margin.  

 

The IT major's employee benefit expenses rose 4.3% sequentially to INR 142.01 billion, marking the biggest sequential increase in 13 quarters. Employee benefit expenses for the reporting quarter included the impact of past service cost on gratuity due to the implementation of the new labour code, the company said. Under the new labour code, basic pay must account for at least 50% of an employee's total cost to the company. 

 

The company's total expenditure for the reporting quarter rose over 5% sequentially to INR 204.30 billion. This was higher than the near 4% sequential rise in its total sales. The company's costs related to subcontracting and technical fees grew over 4% sequentially to INR 27.67 billion for the quarter. Its depreciation, amortisation and impairment expenses for the quarter rose over 16% sequentially to INR 8.05 billion and software license expense for internal use rose around 9% on quarter to INR 5.70 billion. 
 

In constant currency terms, Wipro's revenue for the December quarter rose 1.4% sequentially but fell 1.2% on year. In dollar terms, the company reported a revenue of $2.64 billion for the quarter. Its operating cash flow for the quarter was $474.1 million, up 26% on quarter but down 14% on year. 

 

The company's IT services sales rose to INR 233.78 billion from INR 226.41 billion for the trailing quarter. The company expects its March-quarter IT services sales to be between $2.64 billion and $2.69 billion. This translates to a sequential growth of 0% to 2.0% in constant currency terms. 

 

Wipro's IT services operating margin for the quarter expanded around 1% sequentially and 0.1% on year to 17.6%. Analysts had expected the company to report an earnings before interest and tax margin of 16.3-16.9% in the reporting quarter.  

 

"In Q3 (Oct-Dec), we delivered broad-based growth in line with our expectations. As AI (artificial intelligence) 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," Srini Pallia, chief executive officer and managing director of the company, said in a press release. For the December quarter, the company recorded total bookings of $3.34 billion, down around 6% on year in constant currency terms. Its large deal bookings for the quarter were $871 million, down over 8% on year in constant currency terms.

 

SEGMENTS, GEOGRAPHIES

Revenue from the company's largest segment—banking, financial services and insurance—rose around 3% sequentially and 0.4% on year in constant currency terms for the December quarter. Revenue from its consumer segment, which contributed over 18% of total sales, rose around 1% on quarter but fell 6% on a year-on-year basis in constant currency terms. Sales from the energy, manufacturing and resources segment of the company declined 5% sequentially and 6% on year in constant currency terms.

 

For the reporting quarter, revenue from the company's Americas 1 operations grew around 2% sequentially and 3% on year in constant currency terms. However, its revenue from Americas 2 fell around 1% sequentially and over 5% on year in constant currency terms. Americas 1 includes the entire business of Latin America and certain sectors in the US, such as communication, media and information services, software and gaming, New age technology, healthcare, and consumer goods. Americas 2 includes the entire business in Canada and banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech sectors in the US. 

 

Sales from the company's operations in Europe grew over 3% sequentially but fell around 5% on year in constant currency terms. Its sales from the Asia Pacific, Middle East and Africa region rose 2% on quarter and 7% on year in constant currency terms. 

 

Wipro's employee utilisation for the reporting quarter declined to 83.1% from 86.4% in the trailing quarter. The employee headcount as of Dec. 31 was 242,021, up from 235,492 at the end of the September quarter. The 12-month attrition rate was at 14.2% as of Dec. 31, down from 14.9% a quarter ago.

 

Wipro announced its December quarter earnings after market hours Friday. Along with the financial results, the company's board approved an interim dividend of INR 6 per share and set Jan. 27 as the record date for the dividend.

 

In a separate filing, the company announced the induction of its independent director, Paivi Rekonen, in place of another independent director, Patrick J. Ennis, as a member of the stakeholders relationship committee with effect from Apr. 1.

 

Shares of the company closed 2.8% higher at INR 267.45 on the National Stock Exchange. End

 

US$1 = INR 90.8650

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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