Wipro Q4 results: Revenue and net profit likely to see modest growth; focus on buyback and FY27 guidance

Wipro shares are likely to be in focus today as the IT giant will announce its March quarter earnings on April 16, 2026. According to experts, Wipro could report modest single-digit growth in revenue and net profit. However, investors' keen focus will be on guidance and buyback announcement.

According to experts, Wipro Q4 revenue could remain in the range of ₹24,250 to ₹24,550 crore, up 7.7% to 9.0% YoY. Sequentially, revenue could rise 2.9 to 4.2%. The company registered revenues of ₹22,504 crore in Q4FY25 and ₹23,556 crore in the previous quarter.

Meanwhile, its consolidated net profit could fall by 2.2% to 6.7% YoY to ₹3,330 to ₹3,490 crore but could remain 6 to 9% lower sequentially. Wipro reported a net profit of ₹3,570 crore in the previous quarter and ₹3,119 crore in the March quarter of FY25. Meanwhile, rupee depreciation could provide some support to revenue. EBIT margin may contract by 40 to 50 basis points during the quarter to 17.0 to 17.1%.

During the result announcement, investors will closely track Wipro's revenue growth guidance for FY27, buyback announcement and management’s commentary on overall demand outlook.

Ahead of the Q4 result announcement, Wipro shares were trading 1.1% higher at ₹212. So far this year, shares are trading 20.3% lower amid sell-off in broader markets and fear of AI disruption.

Technical outlook

Wipro is showing early signs of a short-term reversal after a prolonged downtrend, with price rebounding from the ₹187 zone and moving back above the 20 and 50 EMAs. The recent bounce is supported by improving RSI, which has climbed above 60, indicating strengthening momentum. However, the stock is now approaching a key resistance zone near ₹210–₹219, where previous breakdown occurred . Unless it sustains above this zone, the move could remain a pullback within a broader downtrend, while ₹195–₹200 will act as immediate support.

Options outlook

Options data for the 28 April expiry indicates strong call writing at the 210 strike, marking this zone as resistance. On the downside, the put activity at 190 suggests a support base. Additionally, the significant call and put base at the 200 strike also indicates consolidation around this zone.

Meanwhile, with an at-the-money (ATM) strike at 207.5 and a combined premium of ₹11.7, the options market is pricing in a move of roughly ±5.6% into expiry. Let’s now look at how Wipro has reacted to its earnings over the past few years.

Options strategy and approach

With options market implying a move of ±5.6%, traders can look to capitalise on volatility through straddle strategies.

For example, a Long Straddle involves buying both an at-the-money (ATM) call and put of the same strike and expiry, positioning for a move beyond the expected range (±5.6%) on either side.

On the other hand, a Short Straddle involves selling both the ATM call and put. This is suited for scenarios where the stock is expected to remain within the implied range (±5.6%) post earnings, allowing traders to benefit from a decline in volatility.

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop losses. The information is only for educational purposes. We do not recommend any particular stock, securities or strategies for trading. The stock names mentioned in this article are purely for showing how to do analysis. Take your own decision before investing.