Wipro Limited has filed auditor's reports for its standalone and consolidated financial statements for the quarter ended December 31, 2025, with stock exchanges including the National Stock Exchange of India Limited, BSE Limited, and NYSE New York. The reports were submitted on January 16, 2026, and include Unique Document Identification Numbers (UDIN) as required by regulatory compliance.

Auditor's Opinion and Compliance

Deloitte Haskins & Sells LLP, the company's chartered accountants, provided unqualified opinions on both standalone and consolidated financial results. The auditor confirmed that the financial statements comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and conform to Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).

Regulatory Framework and Standards

The auditor's reports confirm that the financial statements present a true and fair view of the company's financial position for the three and nine months ended December 31, 2025. The standalone financial results follow Indian Accounting Standards, while the consolidated results are prepared under both Indian Accounting Standards (Ind AS 34) and International Accounting Standards (IAS 34) as issued by the International Accounting Standards Board.

The audit was conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act 2013. The auditor maintained independence in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India and fulfilled all ethical responsibilities during the audit process.

Management and Board Responsibilities

The reports outline that Wipro's Board of Directors holds responsibility for preparing and presenting financial results that provide accurate financial information. This includes maintaining adequate accounting records, implementing internal financial controls, and ensuring compliance with applicable accounting principles and regulatory requirements.

The Board of Directors is also responsible for assessing the company's ability to continue as a going concern and overseeing the overall financial reporting process. For consolidated results, the respective boards of subsidiary companies share similar responsibilities for their entities' financial reporting.

Audit Process and Methodology

Deloitte Haskins & Sells LLP conducted comprehensive audit procedures to obtain reasonable assurance about the financial statements' accuracy. The audit process included identifying and assessing risks of material misstatement, evaluating internal financial controls, and reviewing accounting policies and estimates made by the Board of Directors.

The auditor evaluated the overall presentation, structure, and content of both standalone and consolidated financial results to ensure they represent underlying transactions and events accurately. For consolidated results, the audit covered financial information from all entities within the Wipro group as listed in the accompanying notes.

Filing and Availability

The auditor's reports with UDIN numbers have been filed with all relevant stock exchanges where Wipro shares are listed. Company Secretary M Sanaulla Khan digitally signed the submission letter on January 16, 2026. The reports are also available on the company's official website at www.wipro.com for stakeholder access and transparency.

Wipro ADRs declined nearly 6% on the New York Stock Exchange following the release of third-quarter results that revealed mixed performance indicators. Investors reacted negatively to weaker year-on-year profit growth and subdued deal momentum, despite the company showing improvements in margins and strong cash generation capabilities.

Financial Performance Overview

The IT services firm reported a challenging quarter with consolidated net profit declining 7% year-on-year to ₹3,119.00 crore for the third quarter. However, revenue demonstrated steady momentum, rising 6% year-on-year to ₹23,556.00 crore, supported by sequential growth in its core IT services business.

Adjusted for the one-time impact related to labour code changes, net income stood at ₹3,360.00 crore, reflecting a 3.6% sequential increase and 0.3% growth over the previous year. This adjustment indicates that underlying profitability remained relatively stable despite demand softness in certain markets.

IT Services Segment Performance

The company's IT services segment generated revenue of $2.64 billion, representing a 1.2% quarter-on-quarter increase and marginal 0.2% year-on-year growth. In constant currency terms, revenue rose 1.4% sequentially but declined 1.2% year-on-year, highlighting continued pressure from pricing challenges and slower discretionary spending, particularly in developed markets.

Operationally, Wipro delivered strong margin performance with IT services operating margin expanding to 17.6%. This marked a significant 90-basis-point improvement sequentially and a 10-basis-point rise year-on-year, driven by tighter cost controls, better utilisation rates, and improved execution discipline.

Deal Activity and Market Challenges

Deal activity remained a primary concern for investors, with total contract bookings for the quarter reaching $3.3 billion, down 5.7% year-on-year in constant currency terms. Large deal wins were particularly affected, with bookings at $871 million reflecting an 8% year-on-year decline.

These figures highlight cautious client spending patterns and elongated decision cycles that continue to impact the IT services sector.

Shareholder Returns and Future Outlook

Despite the mixed performance, the board declared an interim dividend of ₹6.00 per share, with January 27 fixed as the record date. The dividend is scheduled to be paid on or before February 14, reinforcing the company's commitment to shareholder returns even amid a challenging demand environment.

Management maintained a cautious but steady outlook for the March 2026 quarter, guiding IT services revenue in the range of $2.64 billion to $2.69 billion. This guidance implies flat to 2% sequential growth in constant currency terms. Chief Executive Officer Srini Pallia noted that the company delivered broad-based growth in line with internal expectations, emphasizing that artificial intelligence is increasingly emerging as a key differentiator through rising adoption of AI-enabled platforms and expansion of the global innovation network.