Wipro Q3 profit falls 7% on labour code costs, revenue sees modest growth

BENGALURU: Wipro on Friday reported a decline in profitability for the December quarter, with consolidated net profit falling both sequentially and on a year-on-year basis due to the new labour code costs, even as the company’s revenue rose.

The company posted a consolidated net profit of Rs 3,119 crore in Q3 FY26, down 4% QoQ and 7% YoY. Wipro said earnings were impacted by cost pressures, including expenses linked to labour code-related adjustments and restructuring. Adjusted for the impact of labour code changes, net income for the quarter stood at Rs 3,360 crore, an increase of 3.6% QoQ.