Wipro Q4 profit slips 1.9 pc to INR 3,501.8 crore; announces INR 15,000 crore buyback

MUMBAI — Wipro, a leading global end-to-end IT transformation, consulting and business process services provider, on Thursday reported a 1.89 per cent year-on-year (YoY) decline in its consolidated profit after tax to INR 3,501.8 crore for the fourth quarter of FY26, compared to INR 3,569.6 crore in the same period previous financial year (Q4 FY25).

On a sequential basis, however, the company posted a 12.27 per cent rise in profit, according to its stock exchange filing.

Earnings per share stood at INR 3.34 ($0.041), up 12.1 per cent quarter-on-quarter but down 2.1 per cent year-on-year.

Revenue from operations rose 7.69 per cent year-on-year to INR 24,236.3 crore in the March quarter, as against INR 22,504.2 crore a year ago.

Sequentially, revenue increased 2.88 per cent, as per the exchange filing.

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Looking ahead, Wipro said it expects revenue from its IT Services segment to be in the range of $2,597 million to $2,651 million for the June 2026 quarter.

This translates into a sequential growth guidance of -2.0 per cent to 0 per cent in constant currency terms.

The company’s board also approved a share buyback of up to 60 crore fully paid-up equity shares, representing 5.7 per cent of its total paid-up equity capital, for an aggregate amount not exceeding INR 15,000 crore at a price of INR 250 per share, subject to shareholder approval.

Commenting on the performance, CEO and Managing Director Srini Pallia said advancements in artificial intelligence are reshaping client priorities and opening up new opportunities for deeper partnerships.

“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,” he added.