Mumbai, January 19, 2026: Wipro Limited (NSE: WIPRO, BSE: 507685) shares came under sharp selling pressure in early trade on Monday, slipping nearly 6% after the IT major reported its financial results for the quarter ended December 31, 2025.
The stock was trading at ₹252, down ₹15.45 or 5.78%, compared with the previous close of ₹267.45, as selling interest dominated the order book in the pre-open and early session.
What Triggered the Decline
While Wipro reported sequential revenue growth and margin expansion, the market reaction remained cautious, largely due to a decline in net profit, lower deal bookings, and tepid near-term revenue guidance.Key Q3 FY26 Financial Highlights
| Particulars | Q3 FY26 | QoQ Change | YoY Change |
|---|---|---|---|
| Gross Revenue | ₹235.6 billion | +3.8% | +5.5% |
| IT Services Revenue | $2,635.4 million | +1.2% | +0.2% |
| Operating Margin | 17.6% | +90 bps | +10 bps |
| Net Income | ₹31.2 billion | -3.9% | -7.0% |
| EPS | ₹2.98 | -3.9% | -7.2% |
| Total Bookings | $3.3 billion | — | -5.7% |
| Large Deal TCV | $0.9 billion | — | -8.4% |
Despite margin improvement and strong cash conversion, the decline in profit and year-on-year contraction in bookings appeared to outweigh positives in the near term.
Conservative Outlook Adds to Pressure
For the quarter ending March 31, 2026, Wipro guided IT services revenue in the range of $2,635 million to $2,688 million, translating into 0% to 2% sequential growth in constant currency terms, indicating a cautious demand environment.This muted guidance, combined with a sequential drop in net income, led investors to reassess near-term growth visibility.
Management Commentary
Commenting on the quarter, Chief Executive Officer Srini Pallia said the company delivered broad-based growth aligned with expectations, with increasing adoption of AI-led platforms and solutions.Chief Financial Officer Aparna Iyer highlighted that operating margins at 17.6% marked the best margin performance in the last few years, supported by execution discipline and strong operating cash flows, which stood at 135.4% of net income during the quarter.
About the Company
Wipro Limited is a leading global IT services and consulting company, listed on the NSE and BSE in India and the NYSE in the US. The company provides technology-led solutions across industries including banking, consumer, healthcare, manufacturing, and communications, with operations spanning more than 65 countries.Source:
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