Wipro's share price fell nearly 10 per cent on Monday after the company reported its third-quarter results over the weekend for the financial year 2026.
Wipro reported a 7 per cent decline in consolidated net profit from Rs 3,353.8 crore in the year-ago period. The third quarter results were followed by neutral commentary by Motilal Oswal, as it said margins are expected to stay range-bound, with fourth quarter guidance unexciting.
Stock Performance
The company's share price fell 9.7 per cent to hit an intraday low of Rs 241.55 apiece, and it pared losses to trade 7.20 per cent lower as of 10:03 AM
Wipro carries a total market capitalisation of nearly Rs 2.6 lakh crore, while its one‑year price range spans from a low of Rs 240 to a high of Rs 294
The stock's Relative Strength Index was 25. Notably, an RSI above 70 indicates that the stock is overbought, and below 30 indicates the stock is oversold. Meanwhile, 30 to 70 indicates a neutral zone, with 50 often indicating no strong trend.
Wipro Q3 Result
The Bengaluru-headquartered firm reported a 3.9 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit to Rs 3,119 crore, weighed by a one-time provisional impact of Rs 302.8 crore due to the implementation of new Labour Codes.IT was Rs 3,246 crore in the previous quarter (Q2 FY26).
On a year-on-year basis, Wipro reported a 7 per cent decline in consolidated net profit from Rs 3,353.8 crore in the year-ago period.
The IT major’s consolidated revenue from operations was up 3.8 per cent QoQ at Rs 23,556 crore in the October-December 2025. It was Rs 22,697 crore in the July-September quarter of FY26. Wipro's revenue from operations increased 5.5 per cent YoY from Rs 22,318.8 crore in the year-ago period.
EBIT in the quarter under review fell 5.1 per cent to Rs 3,491 crore as compared to Rs 3,681 crore reported in Q2 FY26. EBIT margin declined 139 bps QoQ to 14.8 per cent in Q3 FY26 from 16.2 per cent in the previous quarter.
Brokerage on Wipro
MOSL on WIPRO
- Maintain Neutral rating with a target price of 275
- Revenue and margins were in line with estimates
- 4QFY26 guidance at 0 per cent to 2 per cent CC indicates a soft exit
- Revenue recovery remains patchy
- Margins are expected to stay range-bound, with 4Q guidance unexciting
- Organic growth in Q4 is likely to be around -0.5 per cent
- Deal TCV remains muted; revenue conversion will be a key monitorable
- Vertical performance is mixed, and broad recovery is still missing
- Limited room for margin expansion from current levels is expected
