Wipro (NYSE: WIT) posts Q3 margin of 17.6% and $3.3Bn bookings

Rhea-AI Filing Summary

Wipro Limited reported steady third-quarter results for the quarter ended December 31, 2025 under IFRS, with modest growth and stronger profitability. IT Services segment revenue grew 1.4% sequentially in constant currency and 1.2% in reported terms, while overall revenues reached ₹235,558 million compared with ₹223,188 million a year earlier. Operating margin for IT Services was 17.6%, expanding 0.9% sequentially and 0.1% year-on-year, which management described as its best margin performance in the last few years.

Despite margin gains, profit for the period declined to ₹31,450 million from ₹33,667 million in the prior-year quarter, and basic earnings per share eased to ₹2.98 from ₹3.21. Wipro highlighted overall deal bookings of $3.3Bn and large deal bookings of $0.9Bn, reflecting continued demand for its services. Operating cash flows were strong at 135.4% of net income, and free cash flow was 120.8% of net income. For the quarter ending March 31, 2026, Wipro expects IT Services revenue between $2,635 million and $2,688 million, implying 0% to 2.0% sequential growth in constant currency. The Board declared an interim dividend of ₹6 per share, and the company stated this will take total payout for the year to $1.3 Bn.

Insights

Equity research analyst – global IT services

Wipro posts modest growth, better margins, and strong cash generation.

Wipro delivered low single-digit growth but clear margin improvement in the quarter ended December 31, 2025. IT Services revenue grew 1.4% sequentially in constant currency and 1.2% in reported terms, while IT Services operating margin reached 17.6%, up 0.9 percentage points quarter-on-quarter and 0.1 year-on-year. Overall revenues were ₹235,558 million versus ₹223,188 million a year earlier, showing moderate top-line expansion.

Profit for the period declined to ₹31,450 million from ₹33,667 million and basic EPS slipped to ₹2.98 from ₹3.21, indicating that below-the-line items and taxes offset some operating gains. At the same time, operating cash flow performance was strong, at 135.4% of net income, with free cash flow at 120.8% of net income, underscoring solid cash conversion.

For the quarter ending March 31, 2026, management guides IT Services revenue to a range of $2,635 million to $2,688 million, implying 0% to 2.0% sequential constant-currency growth, which suggests a cautious demand environment. Deal bookings of $3.3Bn, including $0.9Bn in large deals, and an interim dividend of ₹6 per share, contributing to a stated total payout of $1.3 Bn for the year, point to an ongoing focus on both growth initiatives and shareholder returns.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of January 2026

Commission File Number 001-16139

Wipro Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

Sarjapur Road

Bangalore, Karnataka 560035, India +91-80-2844-0011

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F ☒   Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes  ☐ No ☒

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes  ☐ No ☒

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information concerning its public disclosures regarding its results of operations for the quarter ended December 31, 2025. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

On January 16, 2026, the Company announced its results of operations for the quarter ended December 31, 2025. The Company issued a press release announcing its results under International Financial Reporting Standards (“IFRS”), a copy of which is attached to this Form 6-K as Item 99.1.

The Company placed advertisements in certain Indian newspapers concerning its results of operations for the quarter ended December 31, 2025, under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.2.

The Company made available on its website the Condensed Consolidated Interim Financial Statements for the quarter ended December 31, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.3.

The Company filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter ended December 31, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.4.

The Company filed with stock exchanges in India a data sheet containing operating metrics for the quarter ended December 31, 2025. A copy of such data sheet is attached to this Form 6-K as Item 99.5.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.

WIPRO LIMITED

/s/ Aparna Chandrashekar Iyer

Aparna Chandrashekar Iyer

Chief Financial Officer

Dated: January 21, 2026

INDEX TO EXHIBITS

Item
99.1		IFRS Press Release
99.2		Form of Advertisement Placed in Indian Newspapers
99.3		Consolidated Interim Financial Statements under IFRS
99.4		Statutorily Audited Consolidated Financial Results filed with stock exchanges in India
99.5		Data sheet containing operating metrics filed with stock exchanges in India

Exhibit 99.1

FOR IMMEDIATE RELEASE

Wipro announces results for the Quarter ended December 31, 2025

IT service segment revenue grows 1.4% QoQ CC and 1.2% in reported terms

Operating margin at 17.6%; Expands 0.9% sequentially and 0.1% YoY

Overall deal bookings at $3.3Bn; Large deal booking at $0.9Bn

Operating cash flows at 135.4% of net income

EAST BRUNSWICK, N.J. | BANGALORE, India – January 16, 2026: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2025.

Highlights of the Results

Results for the Quarter ended December 31, 2025:

1. Gross revenue at ₹235.6 billion ($2,622.0 million¹), increase of 3.8% QoQ and 5.5% YoY.

2. IT services segment revenue was at $2,635.4 million, increase of 1.2% QoQ and 0.2% YoY.

3. Non-GAAP² constant currency IT Services segment revenue increased 1.4% QoQ and decreased 1.2% YoY.

4. Total bookings³ was at $3,335 million, down 5.7% YoY in constant currency². Large deal bookings⁴ was at $871 million, decrease of 8.4% YoY in constant currency².

5. IT services operating margin⁵ for Q3’26 was 17.6%, expansion of 0.9% QoQ and 0.1% on YoY basis.

6. Net income for the quarter was at ₹31.2 billion ($347.2 million¹), decrease of 3.9% QoQ and 7.0% YoY.

7. Earnings per share for the quarter at ₹2.98 ($0.03¹), decrease of 3.9% QoQ and 7.2% YoY.

8. Adjusted for impact of labour code changes⁶, Net Income for the quarter was ₹33.6 billion ($374.3 million¹), increase of 3.6% QoQ and 0.3% YoY and EPS for the quarter was ₹3.21 ($0.04¹), increase of 3.5 % QoQ and flat YoY.

9. Operating cash flows of ₹42.6 billion ($474.1 million¹), increase of 25.7% QoQ and decrease of 13.6% YoY and at 135.4% of Net Income for the quarter.

10. Voluntary attrition was at 14.2% on a trailing 12-month basis.

Outlook for the Quarter ending March 31, 2026

We expect revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million*. This translates to sequential guidance of 0% to 2.0% in constant currency terms.

* Outlook for the Quarter ending March 31, 2026, is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72

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Performance for the Quarter ended December 31, 2025

Srini Pallia, CEO and Managing Director, said “In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations.”

Aparna Iyer, Chief Financial Officer, said “Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of ₹6 per share which will take the total payout for the year to $1.3 Bn.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = ₹89.84, as published by the Federal Reserve Board of Governors on December 31, 2025. However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2025, was US$1= ₹88.71

2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.

3. Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.

4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.

5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.

6. Adjusted for impact of past service cost on gratuity due to implementation of new labour code amounting to ₹3,028Mn for the three and nine months ended December 31, 2025, is included in the table title “Reconciliation for Adjusted Net Income and Adjusted EPS” on page 12.

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Highlights of Strategic Deal Wins

In Q3’26, Wipro continued to win large and strategic deals across industries. Key highlights include:

1. A global technology leader has renewed its decade-long relationship with Wipro to advance trust and safety operations across its platforms. With thousands of specialists deployed worldwide, Wipro will continue to refine and train AI and machine learning models to align with the client’s content policies. This large deal win reinforces Wipro’s ability to deliver scalable, high-impact services that enhance user safety, strengthen platform integrity, and deliver responsible digital experiences for the client.

2. Wipro has renewed and expanded its decade-long strategic partnership with a US-based national health insurance organization. Through the multi-year engagement, Wipro will continue to provide comprehensive member enrollment and management services, ensuring that senior citizens and children can seamlessly enroll and access healthcare benefits. Wipro leverages its proprietary PayerAI solution, part of Wipro Intelligence^TM, to offer a scalable, AI-infused SaaS platform that features intelligent automation, agentic AI capabilities, and highly configurable workflows. This engagement will significantly boost productivity, enhance operational agility, and unlock cost efficiencies for the client.

3. A prominent North American household furnishings manufacturer has selected Wipro to modernize its technology landscape and accelerate innovation across its enterprise applications. This multi-year engagement focuses on driving automation and embedding AI at scale. The Wipro team will leverage AI accelerators to deliver predictive insights, automate workflows, and enhance user experience. Additionally, Wipro will help set up a Center of Excellence to fast-track AI adoption and unlock new business value. These initiatives will also enable the client to modernize legacy systems and improve business agility to drive operational excellence and support future growth.

4. A leading UK-based facilities management company has extended its long-standing relationship with Wipro and signed a multi-year agreement to accelerate enterprise-wide transformation. The engagement will deploy Wipro Intelligence^™, Wipro’s unified suite of AI-powered platforms, solutions, and transformative offerings, to drive automation, predictive analytics, and conversational AI to modernise core functions, improving speed, accuracy, and resilience. Automated patching and intelligent monitoring will strengthen infrastructure reliability, while workflow and change management programs will reduce manual effort and enhance client experience. These initiatives are expected to deliver significant cost savings, boost operational efficiency, and strengthen client’s position as a technology-led facility transformation in the industry.

5. One of the world’s largest food and beverage goods companies, headquartered in Europe, has selected Wipro to accelerate the transformation of its global Digital Workplace and enterprise support ecosystem. Wipro secured a significant multi-year engagement to modernize and support the organisation’s global workforce systems and enhance employee productivity. This initiative, one of the client’s most expansive workplace transformation programs, will leverage Wipro Intelligence^™–a unified suite of AI-powered platforms, solutions and transformative offerings–as well as real time voice translation capabilities to elevate the employee experience at scale.

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6. A major European insurance provider has engaged Wipro in a multi-year strategic program to reimagine its infrastructure landscape and accelerate its hybrid cloud journey. Wipro will deliver a comprehensive suite of services across data center, networking, security, databases, and storage, while enabling a seamless transition to a future-ready hybrid cloud model. Leveraging AI for observability, automation, and standardisation, this solution will enhance agility, resilience, and operational efficiency. This initiative will strengthen regional presence and ensure cultural alignment to deliver faster response times, improved service reliability, and reduced operational risk, enabling the client to accelerate innovation and improve customer experience.

7. One of India’s top banking and financial services institutions has selected Wipro for a multi-year engagement to accelerate its digital transformation and strengthen its technology foundation. Wipro will modernize core IT operations, manage critical banking systems, and deliver a secure, cloud-enabled infrastructure to enhance operational resilience and customer experience. The solution leverages Wipro Intelligence^™ to enable automation, robust cybersecurity, and streamlined enterprise application operations, ensuring uninterrupted services and scalability. Wipro will also orchestrate advanced solutions for payments, capital markets, retail and wholesale banking, and risk and compliance, alongside developing an automated system for key processes. This transformation will drive measurable improvements in efficiency, security, and agility, enabling the client to innovate at scale and deliver seamless experiences in an increasingly digital-first environment.

8. A leading Southeast Asian airline has renewed its longstanding strategic engagement with Wipro to elevate customer interaction capabilities across multiple touchpoints. Leveraging deep industry expertise and Wipro Intelligence^TM, the team will support a wide spectrum of customer journeys including member account services, loyalty programs, reservations, ticketing and redemption, disruption management, and digital channel support for the airline’s website and mobile app. This engagement will deliver faster resolutions, improved service consistency, and superior governance compliance through real-time decision-making, optimised staffing, and enhanced transparency. The renewed collaboration reinforces Wipro’s position as a trusted strategic partner, driving intelligent, scalable, and experience-led customer servicing.

9. In a strategic AI-led engagement, Wipro was selected by a leading global communications technology company to transform its finance and accounting operations using advanced agentic AI. The solution supported by Wipro’s WEGA orchestration for enterprise-grade governance will introduce smart automation agents to handle tasks like invoice processing, reconciliations, and reporting across multiple systems. These AI agents will interpret documents, apply financial logic such as accounting rules, validations, and matching criteria, and execute workflow actions with audit-ready transparency. The engagement will accelerate financial processes, improve accuracy, strengthen compliance, and create a scalable foundation for rapid growth and new capabilities.

10. A global telecommunications technology company has selected Wipro to deliver an AI-infused transformation by accelerating its Software Development Lifecycle. Leveraging AI-powered automation agents built on the WEGA platform, the solution simplifies code analysis, reviews, validations, and routine tasks, driving greater speed, accuracy, and governance. Supported by Wipro’s enterprise-grade Agentic AI framework, these intelligent agents will streamline workflows, enforce enterprise standards, and accelerate delivery cycles. This transformation enhances code quality and compliance while also establishing a scalable architecture enabling rapid onboarding of additional AI agents and seamless expansion.

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11. Wipro has been chosen by a U.S.-based health insurer to modernize and manage operations across its Commercial, Medicare, and Medicaid businesses. Leveraging its proprietary PayerAI solution, part of Wipro Intelligence^TM, Wipro will deploy automation and AI-infused capabilities across the client’s claims processing, member and provider enrolment, data management, and configuration of core health systems. The AI-driven Provider Roster Management System and Claims Inventory Management System will streamline complex provider data processes and improve accuracy. Through this engagement, Wipro will deliver measurable improvements in operational efficiency, scalability, and cost optimization, while ensuring compliance and better service delivery.

12. Wipro has renewed its multi-year engagement with a leading US-based regional healthcare organization to enhance the client’s operational excellence and compliance. Through its proprietary PayerAI solution, part of Wipro Intelligence^TM, Wipro has implemented a scalable AI-infused SaaS platform that automates reconciliation of state beneficiary enrollment and payment data with health plan membership and expected payments. This solution ensures accurate payment alignment, strengthens revenue integrity, supports regulatory compliance, and reduces administrative burden, enabling the client to achieve efficiency at scale.

Analyst Recognition

1. Wipro was rated as a Leader in Avasant’s Generative AI Services 2025 RadarView^™

2. Wipro was positioned as a Leader in IDC MarketScape: Worldwide Manufacturing Intelligence Transformation Strategic Consulting 2025 Vendor Assessment (Doc # US52988325 Nov 2025)

3. Wipro was rated as a Leader in ISG Provider Lens^™ - AWS Ecosystem Partners 2025 - US & UK (all quadrants)

4. Wipro was positioned as a Leader in Everest Group’s Talent Readiness for Next Generation Data, Analytics, and AI Services PEAK Matrix^® Assessment 2025

5. Wipro was ranked as a Leader in Avasant’s SAP S/4HANA Services 2025–2026 RadarView^™

6. Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Life Sciences Service Providers, 2025 report

7. Wipro was positioned as a Leader in Everest Group’s ServiceNow Services PEAK Matrix^® Assessment 2025

8. Wipro was positioned as a Leader in the 2025 Gartner^® Magic Quadrant^™ for Service Integration and Management Services

9. Wipro was recognized as a Leader in the 2025 Gartner^® Magic Quadrant^™ for Data Center Outsourcing Services

10. Wipro was recognized as a Leader in Avasant’s Telecom Digital Services 2025 RadarView^™

11. Wipro was recognized as a Leader in Everest Group’s Banking Operations – Services PEAK Matrix^® Assessment 2025

12. Wipro was named as a Leader in the 2025 Gartner^® Magic Quadrant^™ for Outsourced Digital Workplace Services

Source & Disclaimer: *Gartner, “Magic Quadrant for Service Integration and Management Services”, Andrea Lanzavecchia, et al, 29 October 2025. *Gartner, “Magic Quadrant for Data Center Outsourcing Services”, Biswajit Maity, et al, 3 November 2025. *Gartner, “Magic Quadrant for Outsourced Digital Workplace Services”, Karl Rosander, et al, 10 November 2025.

GARTNER and MAGIC QUADRANT are trademarks of Gartner, Inc. and its affiliates. Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner’s research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

The Gartner content described herein (the “Gartner Content”) represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. (“Gartner”), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this press release, and the opinions expressed in the Gartner Content are subject to change without notice.

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IT Products

1. IT Products segment revenue for the quarter was ₹ 2.6 billion ($28.6 million¹)

2. IT Products segment results for the quarter were ₹ 0.23 billion ($2.5 million¹)

Please refer to the table on page 12 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Key Metrics and Non-GAAP Financial Measures

This press release contains key metrics and non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.

The table on page 12 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the Quarter ended December 31, 2025, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com/investors/

Quarterly Conference Call

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (8:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIP160125

An audio recording of the management discussions and the question-and-answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com

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About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence^™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence^™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Contact for Investor Relations		Contact for Media & Press
Abhishek Jain		Dinesh Joshi
Phone: +91-80-6142 6143		Phone: +91 92052-64001
abhishek.jain2@wipro.com		media-relations@wipro.com

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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(Tables to follow)

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WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(₹ in millions, except share and per share data, unless otherwise stated)

		As at March 31, 2025				As at December 31, 2025
										Convenience translation into U.S. Dollar in millions (unaudited) at the rate of ₹89.84
ASSETS
Goodwill			325,014				367,635				4,092
Intangible assets			27,450				29,494				328
Property, plant and equipment			80,684				80,540				896
Right-of-Use assets			25,598				29,247				326
Financial assets
Derivative assets			^				—				—
Investments			26,458				27,933				311
Trade receivables			299				645				7
Other financial assets			4,664				6,029				67
Investments accounted for using the equity method			1,327				1,991				22
Deferred tax assets			2,561				4,452				50
Contract assets			—				1,673				19
Non-current tax assets			7,230				7,807				87
Other non-current assets			7,460				8,543				95
Total non-current assets			508,745				565,989				6,300
Inventories			694				755				8
Financial assets
Derivative assets			1,820				148				2
Investments			411,474				455,035				5,065
Cash and cash equivalents			121,974				118,914				1,324
Trade receivables			117,745				135,815				1,511
Unbilled receivables			64,280				70,917				789
Other financial assets			8,448				9,511				106
Contract assets			15,795				12,663				141
Current tax assets			6,417				11,215				125
Other current assets			29,128				30,897				344
Total current assets			777,775				845,870				9,415
TOTAL ASSETS			1,286,520				1,411,859				15,715
EQUITY
Share capital			20,944				20,974				233
Share premium			2,628				5,827				65
Retained earnings			716,477				760,420				8,464
Share-based payment reserve			6,985				6,851				76
Special Economic Zone Re-investment reserve			27,778				28,437				317
Other components of equity			53,497				74,271				827
Equity attributable to the equity holders of the Company			828,309				896,780				9,982
Non-controlling interests			2,138				2,174				24
TOTAL EQUITY			830,447				898,954				10,006
LIABILITIES
Financial liabilities
Loans and borrowings			63,954				1,860				21
Lease liabilities			22,193				26,434				294
Derivative liabilities			—				520				6
Other financial liabilities			7,793				7,222				80
Deferred tax liabilities			16,443				17,851				199
Non-current tax liabilities			42,024				45,284				504
Other non-current liabilities			17,119				26,367				294
Provisions			294				158				2
Total non-current liabilities			169,820				125,696				1,400
Financial liabilities
Loans, borrowings and bank overdrafts			97,863				161,201				1,794
Lease liabilities			8,025				8,551				95
Derivative liabilities			968				4,725				53
Trade payables and accrued expenses			88,252				98,942				1,100
Other financial liabilities			3,878				5,684				63
Contract liabilities			20,063				25,912				289
Current tax liabilities			34,481				45,925				511
Other current liabilities			31,086				34,394				383
Provisions			1,637				1,875				21
Total current liabilities			286,253				387,209				4,309
TOTAL LIABILITIES			456,073				512,905				5,709
TOTAL EQUITY AND LIABILITIES			1,286,520				1,411,859				15,715

^ Value is less than 0.5

8

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(₹ in millions, except share and per share data, unless otherwise stated)

		Three months ended December 31,												Nine months ended December 31,
		2024				2025				2025				2024				2025				2025
										Convenience translation into U.S. Dollar in millions (unaudited) at the rate of ₹89.84												Convenience translation into U.S. Dollar in millions (unaudited) at the rate of ₹89.84
Revenues			223,188				235,558				2,622				665,842				683,877				7,612
Cost of revenues			(153,922	)			(167,199	)			(1,861	)			(462,277	)			(484,278	)			(5,390	)
Gross profit			69,266				68,359				761				203,565				199,599				2,222
Selling and marketing expenses			(16,081	)			(15,008	)			(167	)			(49,313	)			(45,213	)			(503	)
General and administrative expenses			(14,629	)			(18,404	)			(205	)			(41,876	)			(46,626	)			(519	)
Foreign exchange gains/(losses), net			410				788				9				(192	)			1,528				17
Results from operating activities			38,966				35,735				398				112,184				109,288				1,217
Finance expenses			(4,146	)			(3,656	)			(41	)			(11,003	)			(10,876	)			(121	)
Finance and other income			9,708				9,232				103				26,383				28,104				313
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method			5				28				—				(37	)			230				2
Profit before tax			44,533				41,339				460				127,527				126,746				1,411
Income tax expense			(10,866	)			(9,889	)			(110	)			(31,228	)			(29,307	)			(326	)
Profit for the period			33,667				31,450				350				96,299				97,439				1,085
Profit attributable to:
Equity holders of the Company			33,538				31,190				347				95,658				96,956				1,080
Non-controlling interests			129				260				3				641				483				5
Profit for the period			33,667				31,450				350				96,299				97,439				1,085
Earnings per equity share: Attributable to equity holders of the Company
Basic			3.21				2.98				0.03				9.15				9.26				0.10
Diluted			3.20				2.97				0.03				9.13				9.23				0.10
Weighted average number of equity shares used in computing earnings per equity share
Basic			10,457,414,881				10,477,008,222				10,477,008,222				10,454,728,795				10,475,167,174				10,475,167,174
Diluted			10,482,964,010				10,498,247,011				10,498,247,011				10,481,436,710				10,499,925,047				10,499,925,047

9

Information on reportable segments for the three months ended December 31, 2025, September 30, 2025, December 31, 2024, nine months ended December 31, 2025, December 31, 2024, and year ended March 31, 2025 are as follows:

Particulars		Three months ended												Nine months ended								Year ended
		December 31, 2025				September 30, 2025				December 31, 2024				December 31, 2025				December 31, 2024				March 31, 2025
		Audited				Audited				Audited				Audited				Audited				Audited
Segment revenue
IT Services
Americas 1			77,809				74,821				72,010				225,727				208,103				281,824
Americas 2			67,708				67,011				68,120				201,789				203,390				271,972
Europe			62,405				59,531				59,282				178,753				181,525				240,077
APMEA			25,859				25,042				23,439				74,717				70,753				94,351
Total of IT Services			233,781				226,405				222,851				680,986				663,771				888,224
IT Products			2,565				1,126				747				4,419				1,879				2,692
Total segment revenue			236,346				227,531				223,598				685,405				665,650				890,916
Segment result
IT Services
Americas 1			16,409				15,435				14,966				46,838				41,991				58,186
Americas 2			14,450				13,122				15,275				40,957				45,813				61,326
Europe			8,003				6,962				7,600				20,991				21,294				29,434
APMEA			3,583				3,308				3,667				9,870				9,178				12,850
Unallocated			(1,259	)			(1,018	)			(2,518	)			(1,527	)			(5,907	)			(10,157	)
Total of IT Services			41,186				37,809				38,990				117,129				112,369				151,639
IT Products			227				101				29				348				(201	)			(173	)
Reconciling Items			(5,678	)			(81	)			(53	)			(8,189	)			16				(195	)
Total segment result			35,735				37,829				38,966				109,288				112,184				151,271
Finance expenses			(3,656	)			(3,612	)			(4,146	)			(10,876	)			(11,003	)			(14,770	)
Finance and other income			9,232				8,455				9,708				28,104				26,383				38,202
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method			28				152				5				230				(37	)			254
Profit before tax			41,339				42,824				44,533				126,746				127,527				174,957

10

Additional Information:

The Company is organized into the following operating segments: IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech.

Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Western Europe.

APMEA consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.

11

Reconciliation of selected GAAP measures to Non-GAAP measures

1. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)

Three Months ended December 31, 2025
IT Services Revenue as per IFRS		$	2,635.4
Effect of Foreign currency exchange movement		$	6.4
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates		$	2,641.8

Three Months ended December 31, 2025
IT Services Revenue as per IFRS		$	2,635.4
Effect of Foreign currency exchange movement		($	39.1	)
Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year		$	2,596.3

2. Reconciliation of Free Cash Flow for three months and nine months ended December 31, 2025

		Amounts In INR Mn
		Three months ended Dec 31, 2025				Nine months ended Dec 31, 2025
Profit for the period [A]			31,450				97,439
Computation of Free Cash Flow
Net cash generated from operating activities [B]			42,594				117,585
Add/ (deduct) cash inflow/ (outflow)on:
Purchase of property, plant and equipment			(4,668	)			(10,782	)
Proceeds from sale of property, plant and equipment			79				757
Free Cash Flow [C]			38,005				107,560
Operating Cash Flow as percentage of Net Income [B/A]			135.4	%			120.7	%
Free Cash Flow as percentage of Net Income [C/A]			120.8	%			110.4	%

3. Reconciliation for Adjusted Net Income and Adjusted EPS

		Amounts in INR Mn
Particulars		Three months ended Dec 31, 2025				Nine months ended Dec 31, 2025
Net Income [A]			31,190				96,956
Add: Impact on gratuity expenses due to implementation of new labour code [B]			3,028				3,028
Less[C]: Tax on [B]			(590	)			(590	)
Adjusted Net Income [D]: [A+B+C]			33,628				99,394
Adjusted EPS Basic (₹)			3.21				9.49

***********

12

FAQ

How did Wipro (WIT) perform in the quarter ended December 31, 2025?

For the quarter ended December 31, 2025, Wipro reported revenues of ₹235,558 million compared with ₹223,188 million a year earlier. Profit for the period was ₹31,450 million versus ₹33,667 million in the prior-year quarter, and basic earnings per share were ₹2.98 compared with ₹3.21.

What were Wipro (WIT) IT Services revenue growth and margins this quarter?

Wipro’s IT Services segment revenue grew 1.4% quarter-on-quarter in constant currency and 1.2% in reported terms. IT Services operating margin was 17.6%, expanding 0.9 percentage points sequentially and 0.1 percentage points year-on-year, which management described as its best margin performance in the last few years.

What guidance did Wipro (WIT) give for the quarter ending March 31, 2026?

For the quarter ending March 31, 2026, Wipro expects revenue from its IT Services business segment to be in the range of $2,635 million to $2,688 million. This corresponds to sequential constant-currency growth guidance of 0% to 2.0%.

How strong were Wipro (WIT) deal bookings in this quarter?

Wipro reported overall deal bookings of $3.3Bn for the quarter ended December 31, 2025. Within this, large deal bookings totaled $0.9Bn, indicating continued traction in sizable contracts across its markets.

What do Wipro (WIT) cash flow metrics show for the quarter ended December 31, 2025?

For the quarter, Wipro’s operating cash flows were 135.4% of net income, while free cash flow was 120.8% of net income. Net cash generated from operating activities was ₹42,594 million, and free cash flow was ₹38,005 million, highlighting strong cash conversion.

Did Wipro (WIT) declare a dividend for this period?

Yes. Wipro’s Board declared an interim dividend of ₹6 per share. The company stated that this will take the total payout for the year to $1.3 Bn, reflecting a significant return of capital to shareholders.

How did Wipro (WIT) adjust net income for the new labour code impact?

For the three months ended December 31, 2025, Wipro added ₹3,028 million related to the impact on gratuity expenses due to implementation of a new labour code and deducted tax of ₹590 million. This resulted in an adjusted net income of ₹33,628 million, with adjusted basic EPS of ₹3.21.