Wipro Q4 earnings: Net profit declines 2% annually to ₹3,502 crore, revenue rises 8%; company announces share buyback of ₹15,000 crore

Wipro, the country's fourth largest information technology (IT) services company by market capitalisation, on Thursday, April 16, reported net profit of ₹3,502 crore in quarter ended March 2026, marking an annual decline of 2% from ₹3,570 crore in the same period last year. However, on a sequential basis, Wipro's net profit rose 12% from ₹3,119 crore in the previous quarter.

Wipro's revenue from operations advanced 8% to ₹24,236 crore in the fourth quarter of previous financial year compared with ₹22,504 crore in the year-ago period. The company's IT services revenue rose 0.6% quarter on quarter (QoQ) and 2.1% year on year (YoY) to $2,651 million.

The company expects revenue in the first quarter of current financial year to be in range of $2,597 million to $2,651 million translating into sequential growth guidance of -2% to 0% in constant currency terms.

For financial year 2025-26, the Bengaluru-based company's profit rose 0.47% to ₹13,197 crore compared with ₹13,154 crore in the previous financial year.

Wipro's board approved share buyback proposal worth ₹15,000 crore and the company will buy back shares at ₹250 per share.

The company's approved the buyback proposal for purchase of 60 crore of shares of ₹2 each from the shareholders of the company on a proportionate basis by way of a tender offer at a price of ₹250 per share.

“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,” said Srini Pallia, CEO and Managing Director.

Q4 deal wins

Total bookings at the end of Q4FY26 came in at $3,455 million, up by 3.2% QoQ in constant currency terms and large deal bookings were at $1,440 million, an increase of 65.1% QoQ, Wipro said.

A leading US-based health insurance provider has extended its contract with Wipro to support large-scale IT modernization.

"To help the client address rising medical costs, and provide improved member experience, Wipro will leverage its consulting-led approach and domain expertise to streamline the client’s vendor ecosystem and identify targeted AI enabled levers across IT operations, contact centres, and core healthcare platforms," Wipro said in a press release.

A global technology leader has renewed its relationship with Wipro to transform the IT infrastructure and Digital Workplace Services for one of its acquired companies. Through a long-term managed services engagement, Wipro will transfer responsibilities from several suppliers to a unified delivery model and integrate the client's IT infrastructure.

A global manufacturer has signed a multi-year extension and expansion of its strategic engagement with Wipro. This renewed contract across the CIO organization will leverage Wipro Intelligence to embed AI-led automation and advanced capabilities that enhance end-to-end visibility, resilience, and operational efficiency in a transformed delivery model.

At the end of Q4, Wipro's total headcount stood at 2,42,156 with an attrition rate of 13.8% on trailing twelve months (TTM) basis.

Wipro shares ended 0.24% higher at ₹210 ahead of its earnings announcement.