Wipro Q3FY26 Results Preview: Global IT services and consulting company Wipro is all set to declare its December quarter numbers on 16th January. Analysts and investors will be watching closely, especially after the company’s acquisition of Harman DTS in December 2025. The key questions: how much revenue it adds and whether margins stay stable.
Revenue likely to rise
According to Zee Business Research Team estimates, consolidated revenue could touch Rs 23,621 crore, up 4.1 per cent from the previous quarter. IT services in dollar terms is expected to be around $264 crore, a 1.7 per cent sequential increase. The Harman deal is likely to give IT services a boost. At the same time, analysts caution that integration costs could keep margins largely flat for Q3.
EBIT is projected at Rs 3,903 crore, rising 6.1 per cent from the previous quarter. Margins may tick up slightly to 16.5 per cent from 16.2 per cent. Net profit could reach Rs 3,435 crore, up 5.3 per cent from Rs 3,262 crore. Observers say this reflects steady operational control, even as Wipro absorbs the costs of integrating Harman.
Currency-adjusted growth
On a currency-adjusted basis, consolidated revenue may grow 0.5 per cent, and IT services revenue 1.5 per cent. While the acquisition lifts topline, margins are unlikely to move much in this quarter, according to analysts.
Q4 guidance
Looking ahead, Wipro may give guidance for Q4FY26 CC revenue growth between 1.5 and 3.5 per cent. Investors will focus on how well the company manages revenue mix, margins, and the expansion of its digital and product offerings.
Bottom line
Overall, Q3FY26 is expected to be steady rather than spectacular. Revenue is expected to see a modest growth, margins are likely to remain stable, and the Harman acquisition might prove to be helpful as a new source of business.
Wipro Q2FY26 result highlights
IT major Wipro Limited reported a 3 per cent decline in net profit on a sequential basis, even as revenue grew 2.5 per cent quarter-on-quarter. Wipro’s consolidated revenue rose to Rs 22,697.30 crore in Q2 FY26, compared with Rs 22,134.60 crore in the previous quarter. Net profit slipped nearly 3 per cent sequentially to Rs 3,246.20 crore from Rs 3,330.40 crore.
EBITDA increased 4 per cent to Rs 3,680.70 crore, while EBITDA margin stood at 16.2 per cent, up slightly from 16.0 per cent in the previous quarter. On a year-on-year basis, consolidated net profit grew 1.2 per cent from Rs 3,209 crore, and revenue rose 1.8 per cent from Rs 22,302 crore in the same quarter last year.
The IT services operating margin for Q2 FY26 stood at 16.7 per cent, which was impacted by a Rs 116.5 crore provision related to the bankruptcy of a customer, the company said. Excluding this impact, adjusted IT services margin was 17.2 per cent, indicating a 0.1 per cent contraction QoQ and a 0.4 per cent expansion YoY.
Stock performance snapshot
Wipro Ltd (NSE: WIPRO) has shown strong stock movement leading up to the results. The share is trading at Rs 268.95, up 3.36 per cent or +8.75 intraday. Over the past month, it rose 3.75 per cent (+9.73), while in the past six months it has gained 2.34 per cent or 6.15 points. Year-to-date, the stock has moved up 0.65 per cent or up by 1.75 points.
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