Wipro Limited, a prominent Indian IT services company, announced a 7% year-on-year decline in its consolidated net profit for the third quarter of fiscal year 2026 (Q3 FY26), which ended on December 31, 2025. The net profit stood at Rs 3,119 crore. This decline was partially attributed to a one-time provisional impact of Rs 302.8 crore resulting from the implementation of new Labour Codes. Despite the fall in profitability, Wipro's revenue from operations showed growth, increasing by 6% year-on-year to reach Rs 23,556 crore. On a sequential basis, the company's profit fell by 3.9%, while revenue rose by 3.8%. In a significant announcement for shareholders, Wipro's board of directors approved an interim dividend of Rs 6 per equity share with a face value of Rs 2 each. The record date for this dividend has been set for January 27, 2026, with the payment scheduled to be made on or before February 14, 2026. The company had previously communicated on January 7, 2026, that its Q3 FY26 financial results would be released after market hours on Friday, January 16, 2026. Multiple credible sources, including The Economic Times, Rediff MoneyWiz, Hindustan Times, Upstox, and Mint, corroborated these financial figures and the dividend declaration, confirming the accuracy of the news. This financial update provides crucial insights into the performance of one of India's major IT players amidst an evolving global economic landscape and domestic regulatory changes.