By Admin 
Wipro Q3 Results: The consolidated net profit of Wipro, a major company in the information technology services sector, declined by seven percent to Rs 3,119 crore in the October-December quarter (Q3) of the financial year 2025-26. The company said that this decline was mainly due to one-time temporary provision of Rs 302.8 crore made due to the implementation of the new Labor Code.
In the same quarter of the last financial year 2024-25, the net profit of the company was Rs 3,353.8 crore.
Strength in revenue, pressure on profits
According to Wipro, the company’s operating income increased by 5.5 percent to Rs 23,555.8 crore in the third quarter of the current financial year, compared to Rs 22,318.8 crore in the same period a year ago.
On a quarterly basis, net profit has declined by 3.9 percent while revenue has increased by 3.7 percent. These figures show that despite cost pressures, the company’s business performance remains strong at the revenue level.
Focus on AI strategy
Wipro Chief Executive Officer (CEO) and Managing Director Srini Palliya said that in the third quarter we recorded broad growth in line with our expectations. As Artificial Intelligence (AI) is becoming a strategic imperative, ‘Wipro Intelligence’ is playing a unique role.
He said that the company further strengthened its AI-enabled platform and solutions. Expanded AI-based services through ‘Wings’ and ‘Vega’. Further expanded the innovation network at the global level. The impact of the Labor Code was visible on the entire IT industry. The impact of the new labor code was not limited to Wipro only.
Its impact was clearly visible on the quarterly results of its other big rivals as well-
- TCS: Impact of Rs 2,128 crore in Q3
- Infosys: Loss of Rs 1,289 crore
- HCLTech: One-time provision of US $ 8.2 crore (about Rs 719 crore)
There may be short-term pressure on the profits of IT companies due to the new labor code, but revenue growth and AI-centric strategies indicate the long-term strength of the sector. Improvement in profits can be expected with cost stabilization in the coming quarters.
Also read: This relief news came amid global tension and talks on trade deal with the US.