Wipro shares price slumped nearly 10% on Monday’s session after Q3 results. A major IT services company announced a 7% drop in consolidated net profit, totaling ₹3,119 crore for the third quarter of FY26, impacted by one-time restructuring costs and the implementation of new labor codes.
Bengaluru-based reported a net profit attributable to equity shareholders of ₹3,353.8 crore during the same quarter last year.
Wipro experienced a one-time provisional effect of ₹302.8 crore due to the implementation of the new Labour Codes.
