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Wipro Q4 Results: On a quarter-on-quarter basis, the IT company’s net profit jumps 12.3 per cent and revenue rises 2.9%.
Wipro has declared its Q4 results.
Wipro Q4 Results 2026: Wipro on Thursday reported a 1.9 per cent year-on-year (YoY) decline in consolidated net profit to Rs 3,521 crore for the quarter ended March 2026 (Q4FY26), even as revenue rose 7.7 per cent YoY.
Revenue from operations during the January-March quarter stood at Rs 24,236.3 crore, compared with Rs 22,504.2 crore in the corresponding quarter last year.
The company had posted a net profit of Rs 3,588.1 crore in the year-ago period.
On a sequential basis, net profit rose 12.3 per cent, while revenue increased 2.9 per cent.
IT services revenue and bookings
Wipro said revenue from its IT services segment came in at $2.651 billion during the quarter, up 0.6 per cent quarter-on-quarter and 2.1 per cent year-on-year.
Total bookings stood at $3.455 billion during the quarter, rising 3.2 per cent sequentially in constant currency terms.
Large deal bookings were particularly strong at $1.44 billion, registering a sharp 65.1 per cent quarter-on-quarter increase in constant currency.
Margins and attrition
IT services operating margin for the March quarter stood at 17.3 per cent, down 0.3 percentage points sequentially and 0.2 percentage points from a year ago.
Voluntary attrition on a trailing 12-month basis came in at 13.8 per cent.
FY26 full-year performance
For the full financial year ended March 31, 2026, Wipro reported gross revenue of Rs 92,620 crore, up 4 per cent YoY.
Annual net profit stood at Rs 13,200 crore, marking a marginal 0.5 per cent increase over the previous year.
Large deal bookings for FY26 rose 45.4 per cent YoY to $7.8 billion, while total bookings increased 14 per cent to $16.4 billion.
June 2026 quarter guidance disappoints
For the quarter ending June 30, 2026, Wipro guided IT services revenue in the range of $2.597 billion to $2.651 billion.
This implies sequential guidance of negative 2 per cent to flat growth in constant currency terms, signalling a cautious near-term demand environment.
Rs 15,000 crore buyback announced
Wipro’s board approved a share buyback proposal worth up to Rs 15,000 crore, subject to shareholder approval.
The company plans to repurchase up to 60 crore equity shares, representing 5.7 per cent of total paid-up equity capital, through the tender route at Rs 250 per share. Currently, the share price of Wipro stands at Rs 210.26 apiece.
Dividend update
The company said the interim dividend of Rs 11 per share declared in FY26 at board meetings held in July 2025 and January 2026 will be treated as the final dividend for FY26.
Management commentary
Wipro CEO and Managing Director Srinivas Pallia said advancements in artificial intelligence are reshaping client priorities and creating new growth opportunities.
He added that Wipro is pivoting toward a services-as-software model through its AI Native Business & Platforms unit.
“Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale,” Pallia said.
Chief Financial Officer Aparna Iyer said the company continued investing in clients, capabilities and people, while maintaining margins within a narrow band and delivering strong cash conversion.
“We have continued to invest in our clients, capabilities and people and maintained our margins in narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY’26. During the year we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently concluded board meeting, the Board of Directors announced buyback of Rs 15,000 crore at a price of Rs 250, subject to shareholder approval,” she said.
April 16, 2026, 4:39 PM IST
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