Wipro Q3 FY26: 12,000 Freshers in FY26; Attrition Falls to 14.2%
Wipro Limited announced its financial results for the third quarter ended December 31, 2025 (Q3 FY26) on January 16, 2026.
While the company achieved its best operating margin in years, its net profit faced a sharp decline due to the one-time impact of India’s new Labor Codes.
Wipro Q3 FY26: Financial Results: A Tale of Two Realities
Wipro reported gross revenue of ₹235.6 billion ($2,622 million), representing a sequential growth of 3.8% and a year-on-year (YoY) increase of 5.5%.
However, Net Income fell to ₹31.2 billion ($347 million), marking a 3.9% decline from the previous quarter and a 7.0% drop compared to Q3 FY25.
The profit dip was largely a statutory adjustment; Wipro booked a one-time provision of ₹302.8 crore to comply with the new Labor Codes.
Excluding this impact, adjusted Net Income would have been ₹33.6 billion, reflecting a healthy growth of 3.6% QoQ.
Notably, the IT Services Operating Margin expanded to 17.6%, up from 16.7% in Q2 FY26.
| Key Metric | Q3 FY26 (Current) | Q2 FY26 (Sequential) | Q3 FY25 (YoY) |
| Gross Revenue | ₹23,560 Cr | ₹22,700 Cr | ₹22,319 Cr |
| Net Income | ₹3,120 Cr | ₹3,250 Cr | ₹3,354 Cr |
| IT Services Margin | 17.6% | 16.7% | 17.5% |
| Total Deal TCV | $3.33 Bn | $4.69 Bn | $3.53 Bn |
Headcount, Attrition, and Hiring Plans
Wipro’s workforce strategy is shifting toward higher utilization and quality onboarding.
The closing employee count this quarter was 242,021, compared to 232,732 IN Q3 FY25.
Voluntary Attrition moderated to 14.2% (trailing 12-month basis), a significant improvement from the 15.3% recorded in Q3 FY25.
While the company saw a minor sequential headcount reduction in Q3, management reaffirmed its aggressive talent pipeline.
Wipro plans to hire 12,000 freshers in FY26, surpassing its FY25 target of 10,000.
CHRO Saurabh Govil noted that the firm is focusing on “consistent hiring” to build a specialized AI-ready workforce.
Wipro Q3 FY26: New Partnerships and AI Momentum
CEO Srini Pallia emphasized that “Wipro Intelligence”—a unified suite of AI platforms—is now a core differentiator. Large deal bookings for the quarter stood at $871 million.
- Key Wins: Significant renewals in the Healthcare and BFSI sectors, including a modernization deal with a North American furnishings manufacturer and membership enrollment services for a US health insurer.
- AI Adoption: Scaled delivery through AI-led platforms WINGS and WEGA, helping clients navigate the transition to AI-first operations.
Interim Dividend
The Board of Directors declared an interim dividend of ₹6 per share, with a record date of January 27, 2026.
This brings the total commitment for the year to approximately $1.3 billion in shareholder payouts.
Note: We are also on WhatsApp, LinkedIn, and YouTube to get the latest news updates. Subscribe to our Channels. WhatsApp– Click Here, YouTube – Click Here, and LinkedIn– Click Here.