Versuchen GOLD - Frei
Wipro profit falls 4% on Labour Code hit of ₹303 cr
Financial Express Delhi
|January 17, 2026
THE COUNTRY’S FOURTH largest IT services firm, Wipro, on Friday reported a sequential decline in net profit for the October-December quarter even as revenue rose ahead of Street estimates, with earnings weighed down by onetime Labour Code-related charges and restructuring costs.
The company posted a consolidated net profit of ₹3,119 crore, down 3.9% quarter-on-quarter from ₹3,246 crore and below Bloomberg estimate of ₹3,353 crore. Wipro said profit was impacted by a ₹303-crore charge towards gratuity expenses arising from the implementation
Diese Geschichte stammt aus der January 17, 2026-Ausgabe von Financial Express Delhi.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Financial Express Delhi
Financial Express Delhi
Sebi proposes ‘netting of funds’ for FPIs...
AKSHAYA BHANSALI, MANAGING partner at Mindspright Legal, said that the new mechanism’s benefit is primarily operational and limited to specific situations such as index rebalancing or large portfolio adjustments.
1 mins
January 17, 2026
Financial Express Delhi
Ford, BYD in hybrid battery deal talks
FORD IS IN talks with BYD to purchase batteries for its hybrid models, the WS] reported, at a time when the Detroit automaker deals with waning demand for electric vehicles.
1 min
January 17, 2026
Financial Express Delhi
ICRA estimates gross tax revenue growth at 7% in FY27
RATING AGENCY ICRA has projected gross tax revenues to grow by around 7% in FY27, led by a robust 11% expansion in direct taxes.
1 mins
January 17, 2026
Financial Express Delhi
Take personal accident cover as a rider in your health or term plan
THIS WILL BE LESS EXPENSIVE THAN A STANDALONE POLICY
2 mins
January 17, 2026
Financial Express Delhi
PM: Startup momentum accelerating
PM: Startup momentum accelerating
1 min
January 17, 2026
Financial Express Delhi
Maruti Suzuki commences exports of Victoris SUV
MARUTI SUZUKI INDIA has commenced exports of its made-in-India premium SUV Victoris, which has been renamed Across for international markets.
1 min
January 17, 2026
Financial Express Delhi
'India driving South Asia as the brightest growth spot'
DESPITE A MODEST improvement in recent months, a majority of chief economists expect global economic conditions to weaken this year but see India anchoring South Asia as the brightest growth spot despite mounting trade headwinds, a new survey showed on Friday.
1 min
January 17, 2026
Financial Express Delhi
Meta is killing off its only good virtual reality app
AS IT SEEKS to build AI tools many users don’t want, Meta Platforms Inc. has sacrificed a high-quality product adored by droves.
2 mins
January 17, 2026
Financial Express Delhi
FY26 fertiliser subsidy likely to exceed BE by 28,000 cr
FY27 outlay may be conservative
1 mins
January 17, 2026
Financial Express Delhi
Wipro profit falls 4% on Labour Code hit of ₹303-crore
“WE ARE SEEING a continued flow from last quarter in terms of our deal momentum, vendor consolidation and a very clear shift towards AI-led transformation,” CEO and Managing Director Srini Pallia said.
1 mins
January 17, 2026
Listen
Translate
Change font size