Wipro Limited has received an ESG (Environmental, Social, and Governance) rating of 74 from ESG Risk Assessments & Insights Limited, the company announced on January 15, 2026. The IT services major informed stock exchanges about this development through a regulatory filing under SEBI listing obligations.

Independent ESG Assessment

The company clarified that it did not engage ESG Risk Assessments & Insights Limited for obtaining this ESG rating. The rating agency independently prepared the assessment based on Wipro's data available in the public domain.

Regulatory Compliance

Wipro made this disclosure pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was sent to multiple stock exchanges where the company's shares are listed:

• BSE Limited (BSE: 507685)
• National Stock Exchange of India Limited (NSE: WIPRO)
• NYSE, New York (NYSE: WIT)

Corporate Communication

The disclosure was signed by M Sanaulla Khan, Company Secretary of Wipro Limited, and has been uploaded on the company's official website at www.wipro.com for stakeholder reference. This transparency measure ensures all investors and stakeholders have access to the ESG rating information.

ESG ratings have become increasingly important for companies as investors and stakeholders focus more on sustainable business practices and corporate governance standards. The rating of 74 provides an independent assessment of Wipro's performance across environmental, social, and governance parameters based on publicly available information.

Wipro is expected to report largely flat profit performance in the December quarter, with modest revenue growth and continued pressure on margins. The subdued outlook reflects ongoing challenges from furloughs, deal ramp-up costs, and integration expenses from recent acquisitions weighing on near-term profitability.

Analyst Expectations Overview

According to an average estimate of six brokerages, Wipro's performance is expected to show minimal growth across key metrics:

The modest growth projections reflect a still cautious client spending environment impacting the IT services sector.

Revenue and Margin Projections

Brokerages broadly expect Wipro's IT services revenue to grow between 0.50% and 1.20% quarter-on-quarter in constant currency terms, with part of the growth coming from inorganic contributions. The integration of the Harman acquisition is expected to provide a one-month revenue boost during the quarter, though it is also likely to dilute margins in the near term.

Brokerage-wise Estimates

Impact of Acquisitions and Large Deals

The contribution from acquisitions remains a key theme this quarter. Integration-related costs are expected to keep margins under pressure despite revenue contributions. Kotak Equities expects organic revenue growth of around 0.90% quarter-on-quarter in constant currency, supported by the ramp-up of the Phoenix mega deal and one-month consolidation of the DTS acquisition.

While reported EBIT margins are expected to remain flat sequentially, margins could decline by about 50 basis points on an adjusted basis due to dilution from acquisitions. Notably, Wipro did not implement wage hikes during the quarter, which helped contain some cost pressures.

Guidance and Market Outlook

Guidance for the coming quarter will be a key focus area for investors. Analyst expectations for Q4 guidance vary:

Conservative Estimates:

• Centrum Broking and Nomura: 0% to 2% revenue growth in constant currency terms

Optimistic Projections:

• Nuvama and Kotak Equities: 1.50% to 3.50% quarter-on-quarter growth, including meaningful inorganic contribution

Kotak Equities expects investor focus on the pace at which large deals' total contract value translates into actual revenue, especially given expectations of healthy large deal wins of around USD 2 billion during the quarter. Excess cash distribution, including the possibility of a buyback, could also be in focus given Wipro's capital return track record.

Key Areas to Monitor

Analysts expect management commentary to be crucial, particularly around:

• Demand conditions in key verticals such as retail, energy and manufacturing
• Pricing pressure in large deals
• Outlook for discretionary spending
• Updates on the consulting business, especially in the BFSI vertical
• Client-specific issues and large deal pipeline developments

The quarter's results will provide insights into how effectively Wipro is managing the integration challenges while navigating a cautious client spending environment.