Wipro Q3 Revenue Seen Up 3% as Key Deals Ramp Up
Overview
Wipro Ltd. is set to report its December quarter earnings on January 16, 2026. Analysts project a 3% sequential revenue increase to ₹23,436.5 crore and a 0.5% year-on-year profit rise. Investors will closely watch management guidance on European business, the Phoenix deal ramp-up, and the Harman acquisition's impact.
Stocks Mentioned
Wipro Ltd. is scheduled to announce its December quarter (Q3 FY26) financial results on Friday, January 16, 2026. Brokerages anticipate a slight year-on-year profit increase of 0.5% to ₹3,371 crore, with sequential profit growth around 3% from Q2 FY26. Revenue is projected to climb 5% year-on-year to ₹23,436.5 crore, marking a 3% sequential uplift.
Investor Focus Areas
Analysts and investors will closely monitor management commentary regarding the outlook for its European operations, the ramp-up phase of the significant Phoenix deal, and the integration of the Harman acquisition. These factors are crucial for understanding Wipro's future growth trajectory and competitive positioning in the IT services sector.
Brokerage Views and Margin Dynamics
Nomura expects Q3 revenue growth of 0.5% in constant currency (CC), aligning with its guided band, and foresees a Q4 FY26 CC revenue growth guidance of 0-2%. Kotak Institutional Equities projects organic revenue growth exceeding guidance at 0.9% CC, boosted by the Phoenix deal and Harman consolidation. Motilal Oswal Financial Services forecasts 1.5% CC growth, including one month of Harman acquisition, with margins expected to stay flat at 16.4% due to deal ramp-up costs. Axis Direct estimates 2% Q-o-Q revenue growth to ₹23,151 crore, citing European business stability and Harman's contribution, with a projected Ebit margin improvement to 16.5%.
