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Mixed Q3 outcomes for Wipro and TCS highlight IT sector divergence
Wipro and TCS delivered mixed Q3 results as profits faced pressure, but dividends, margin stability, and cost controls supported investor confidence.
Wipro reported a 7% year-on-year decline in Q3 profit to ₹3,119 crore but announced a dividend, signaling balance sheet strength. TCS posted steady margins despite one time labor-related costs affecting net profit. Cautious client spending, slower deal ramp-ups, and continued pricing pressure. However, stable demand in key verticals and strong cost controls offered downside support for large cap Indian IT stocks during the quarter period.