Q3 results out: Wipro delivers growth, but the stock crashes

📊 Q3 FY26 Results Snapshot - Net Profit: ₹3,119 crore (↓ 7% YoY, ↓ 3.9% QoQ) - Revenue: ₹23,555.8 crore (↑ 5.5% YoY, ↑ 3.8% QoQ) - Operating Margin: 17.6% (↑ 0.9% QoQ, ↑ 0.1% YoY) - Attrition: 14.2% (stable vs peers) - Exceptional Costs: ₹302.8 crore (labour code implementation, restructuring) - Dividend: Interim dividend of ₹6 per share (record date Jan 27, 2026; payout by Feb 14, 2026) 📉 Stock Market Impact - Immediate Reaction: Shares crashed nearly 10% post-results due to weak guidance and profit decline. - Investor Sentiment: Negative in short term; restructuring costs and muted Q4 outlook weigh on confidence. - Deal Bookings: $3.3 billion overall; large deals worth $0.9 billion provide medium-term visibility. 🔎 Investor Watchouts - Margins vs Costs: Labour code costs may continue to pressure profitability. - Guidance: Q4 FY26 revenue growth expected at just 0–2%, signaling near-term weakness. - Dividend Policy: Interim dividend shows commitment to shareholder returns despite profit decline. - Attrition & Talent Costs: Stable attrition but wage inflation remains a risk. 🚀 Strategic Outlook - Opportunities: - Strong deal pipeline ($3.3B bookings) could support FY27 growth. - Margin expansion potential if restructuring costs normalize. - Risks: - Weak near-term demand in IT services. - Competitive pricing pressure from Infosys, TCS, HCL Tech. - Currency volatility impacting global revenues.