Wipro reported a net profit of Rs 3,502 crore for the March quarter (Q4FY26), registering a 12.3% sequential growth, though declining 1.9% year-on-year, reflecting mixed performance amid subdued demand in the IT sector.
Key Highlights
- Wipro Q4FY26 net profit rose 12.3% sequentially to Rs 3,502 crore despite YoY decline.
- Wipro announced Rs 15,000 crore share buyback at Rs 250 per share via tender route.
The company announced a share buyback worth up to Rs 15,000 crore at Rs 250 per share through the tender route, representing 5.7% of its equity base, subject to shareholder approval.
Additionally, it declared a final dividend of Rs 11 per share for FY26, reinforcing its commitment to shareholder returns.
Revenue and Operational Performance
Wipro reported gross revenue of Rs 24,240 crore in Q4FY26, up 2.9% quarter-on-quarter and 7.7% year-on-year.
Revenue from its core IT services segment stood at $2.65 billion, growing 0.6% sequentially and 2.1% YoY. However, in constant currency terms, growth remained muted at 0.2% QoQ and declined 0.2% YoY, indicating weak underlying demand.
Deal Wins and Margins
Total bookings for the quarter stood at $3.46 billion, up 3.2% QoQ in constant currency. Large deal bookings surged 65.1% to $1.44 billion, highlighting strong traction in big-ticket contracts.
Operating margin for the IT services segment came in at 17.3%, slightly lower both sequentially and year-on-year.
Also Read: TCS Result: Profit Rises 12%, Revenue at Rs 70,698 Cr for Q4 FY26
Annual Performance Snapshot
For FY26, Wipro reported revenue of Rs 92,620 crore, up 4% YoY. Net profit remained largely flat at Rs 13,200 crore, growing just 0.5% compared to the previous year.
Despite modest revenue growth, deal momentum remained strong, with large deal bookings rising 45.4% YoY to $7.8 billion and total bookings increasing 14% YoY to $16.4 billion.
Srini Pallia, CEO of Wipro said, “Advancements in AI are reshaping client priorities and creating new opportunities for deeper partnerships. We are pivoting to a services-as-software model through our AI Native Business & Platforms unit to capture future growth.”
Aparna Iyer added that the company maintained strong cash generation and continued to invest in clients and capabilities while delivering consistent margins.
