The Wipro share price came under heavy pressure in the stock market today, slipping sharply after the company announced its third-quarter earnings. The reaction was swift and decisive. Investors digested the numbers, and selling followed.
This was not a single-trigger fall. It was a mix of softer profitability, one-time costs, and cautious sentiment already prevailing in the broader market. By mid-session, the mood around the stock had clearly turned defensive.
Market Performance: Wipro Share Price Under Pressure Today
In Monday’s session, the Wipro share price opened near the day’s high but failed to hold early gains.
- Day’s high: ₹252.95
- Day’s low: ₹241.75
- The stock slipped close to 10% during the session
The sharp intraday swing reflected how quickly sentiment shifted once the results were absorbed by the market. In the stock market today, investors reacted first to the profit drop before weighing the impact of one-time costs.
Main News: Q3 Numbers Trigger Selling Pressure
Wipro’s Q3 performance showed stress on profits even as revenue growth remained intact. What stood out was the impact of exceptional expenses booked during the quarter.
Key financial highlights from Q3 FY26:
Net Profit
- Consolidated net profit declined 7% year-on-year
- Profit stood at ₹3,119 crore
The profit drop was mainly due to one-time costs rather than a sharp operational slowdown. Still, the headline number influenced market sentiment immediately.
Operational Revenue
- Revenue rose 5.5% year-on-year
- Reported revenue: ₹23,555.8 crore
- Revenue in the same quarter last year: ₹22,318.8 crore
Sequentially, revenue showed steady movement even as profitability softened.
Quarter-on-Quarter Movement
- Profit declined 3.9% compared to the previous quarter
- Revenue increased 3.7% sequentially
This divergence between profit and revenue became a focal point for traders watching the Wipro share price in the stock market today.
One-Time Costs That Impacted Q3 Performance
The quarter carried exceptional items that affected the bottom line.
- ₹302.8 crore provisional impact from the implementation of new labour codes
- ₹263 crore one-off expense linked to a recently completed restructuring initiative
These were non-recurring in nature but materially pulled down quarterly profitability, contributing to the sharp reaction in the Wipro share price.
Company Update: Strategic Developments During the Quarter
Beyond the quarterly numbers, Wipro completed a key acquisition during the period.
- Acquired HARMAN’s Digital Transformation Solutions (DTS) business
- Deal size: USD 375 million (around ₹3,270 crore)
- HARMAN is a subsidiary of Samsung
The acquisition marked a strategic expansion move during a quarter otherwise dominated by cost-related impacts.
Management Commentary: Focus on AI-Led Transformation
Wipro’s leadership highlighted the company’s positioning in an AI-driven business environment. Management indicated that artificial intelligence is becoming a central theme in boardroom discussions across global enterprises.
This broader narrative framed the quarter, even as markets reacted more strongly to immediate financial outcomes.
Dividend Update Announced by the Board
The company’s board declared an interim dividend during the quarter.
- Interim dividend: ₹6 per share
- Face value: ₹2 per share
- Record date: January 27
- Payment timeline: On or before February 14
With this declaration, Wipro’s total payout for the year reached USD 1.3 billion, maintaining its shareholder distribution track record.
Summary: Why Wipro Share Price Fell in the Stock Market Today?
The fall in Wipro share price in the stock market today was driven by clear, measurable factors:
- A 7% decline in quarterly net profit
- Significant one-time restructuring and labour-code costs
- A cautious market environment reacting quickly to earnings pressure
At the same time, revenue growth remained positive, and strategic activity continued during the quarter. The session reflected short-term earnings-led sentiment rather than any single isolated development.
As the trading day closed, the focus stayed firmly on the numbers already on the table—nothing more, nothing less.
Source: Livemint
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