Wipro Reports 7% Drop in Q3 Net Profit, Approves Dividend
Wipro announced its financial results for the December quarter today. The company revealed a decline in net profit compared to the same period last year.
Key Financial Figures for Q3 FY26
The IT services firm posted a net profit of ₹3,119 crore for the third quarter of fiscal year 2026. This represents a 7% decrease from the profit recorded in the corresponding quarter of the previous financial year.
Wipro released these numbers after market hours on Friday. As India's fourth-largest IT services provider, the company's performance draws significant attention from investors and analysts.
Dividend Announcement for Shareholders
Alongside the earnings report, Wipro's board made an important declaration for shareholders. The directors approved an interim dividend of ₹6 for each equity share.
This dividend payout comes despite the profit contraction. The company continues its practice of returning value to investors through regular dividend distributions.
Market Context and Industry Position
The IT sector faces various challenges in the current economic environment. Wipro's results provide insight into how major players are navigating these conditions.
Analysts will examine the detailed financial statement when Wipro releases the complete report. The initial numbers indicate some pressure on profitability during the quarter.
Investors typically watch for revenue growth, margin trends, and guidance updates from IT companies. Wipro's full quarterly presentation will offer more comprehensive data about the company's performance and outlook.
