Wipro Q4 Results: Net profit falls 2% YoY to ₹3,502 crore; Board approves ₹15,000 crore share buyback

Wipro Q4 Results: India’s fourth-largest IT services firm, Wipro, announced its financial performance for the March quarter (Q4FY26) after-market hours today.

The company reported a net profit (attributable to equity holders) of ₹3,502 crore, down from ₹3,569 crore, marking a slight decline of 1.85%. However, net profit improved sequentially by 12.27%, compared to ₹3,119 crore reported in the December quarter.

The IT major reported revenue of ₹24,236 crore in Q4, marking a 9.77% year-on-year (YoY) growth from ₹22,504.2 crore reported in the same period last year. Sequentially, revenue also improved by 3% from ₹23,555.8 crore reported in Q3FY26.

The revenue from the IT services segment came in at ₹24,016 crore, marking a 7% year-on-year (YoY) increase from ₹22,526.6 crore reported in the same period last year, while the IT EBIT margin stood at 17.3%, a decrease of 0.3% QoQ and 0.2% YoY.

In dollar terms, the IT services segment revenue came in at $2,651.0 million, up 0.6% quarter-on-quarter (QoQ) and 2.1% YoY.

For the full fiscal year 2025-26, Wipro recorded a net profit of ₹13,197.4 crore, reflecting a marginal 0.47 per cent increase from 2024-25. FY26 revenue stood 3.96 per cent higher at ₹92,624 crore.

In terms of deals, Wipro’s total bookings stood at $3,455 million in Q4, up 3.6% from $3,335 million in the December quarter, but down 12.64% year-on-year. Large deal bookings came in at $1,440 million, marking an 18.3% YoY decline compared to $1,763 million reported in the same period last year.

Announces ₹15,000 crore buyback

The company's Board of Directors has approved a buyback proposal targeting up to 600 million equity shares, each with a face value of ₹2. This represents 5.7% of Wipro's total paid-up equity share capital.

The buyback will be executed through a tender offer on a proportionate basis, with shares being acquired for ₹250 per equity share. The aggregate amount for this buyback will not exceed ₹15,000 crore, subject to shareholder approval, as per the earnings filing.

Members of the promoter and promoter group of the company have also indicated their intention to participate in the proposed buyback.

Outlook for June Quarter

The Bengaluru-based IT firm forecast revenue in the first quarter of FY27 to grow in the range of flat to (-2%) on a sequential basis in constant currency terms. That implies revenue will be in the range of $2,597 million to $2,651 million.

Disclaimer: We advise investors to check with certified experts before making any investment decisions.