Many times the figures in the stock market tell a different story, but the confidence of investors indicates something else. A similar scenario was seen in a stock in the IT sector, where despite weak quarterly results, the company declared dividend. The result was that as soon as the market opened, there was suddenly tremendous demand for this stock. This is the stock of the leading IT company Wipro, which has given a shocking signal to the market. Despite declining profit in the December 2025 quarter, the company not only announced dividend, but also saw strong buying in its shares. Even before the results, the stock rose by almost 3 percent, which made it clear that the market had recognized the strength hidden behind the weak data.
Wipro made a consolidated net profit of Rs 3119 crore in the third quarter of the current financial year 2026 (October-December 2025). This profit was 4 percent less on quarterly basis and 7 percent less on annual basis. The company said that adjustments related to new labor codes affected profits. However, after adjusting for these changes, the net income stood at Rs 3360 crore, registering a slight increase on both annual and quarterly basis.
strength in revenue
Wipro’s position was relatively better on the revenue front. The company got revenue of ₹23,378 crore from IT services business, which is 3.3 percent more than the previous quarter. In terms of constant currency, revenue also registered a growth of 1.4 percent on a quarterly basis, although there was a slight decline on an annual basis.
pressure on margins
There was pressure in the company’s margins at the operating level. IT Services EBIT stood at ₹3,573.5 crore and EBIT margin declined to 15.3 per cent. Despite this, cash flow remained strong. Operating cash flow in the December quarter stood at ₹4,259 crore, which is more than 135 percent of net income. This figure was a confidence booster for investors.
deal booking stable
The situation remained stable on the deal bookings front also. Total deal bookings during the quarter stood at around $330 million, while the figure for large deals stood at around $90 million. At the same time, the company has estimated a possible increase of 0 to 2 percent in IT services revenue for the March 2026 quarter.
Dividend changed the mood
The biggest surprise among all this was the announcement of dividend. Wipro announced an interim dividend of ₹6 per share of face value of ₹2, the record date of which has been fixed for January 27, 2026. For this reason, despite weak results, investors’ confidence remained intact and there was a sudden demand for the shares. This is the reason why Wipro has once again become the center of discussion among selected stocks of IT sector.
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