Wipro Reports 2% Year-Over-Year Decline in Net Profit to ₹3,502 Crore
Wipro Reports Mixed Q4 Results, Announces ₹15,000 Crore Buyback
Wipro, India's fourth-largest IT services firm, released its financial performance for the March quarter (Q4FY26) after-market hours on [date]. The company reported a net profit attributable to equity holders of ₹3,502 crore, a decline of 1.85% from ₹3,569 crore in the same quarter last year. However, net profit improved sequentially by 12.27% compared to ₹3,119 crore reported in the December quarter.
In terms of revenue, Wipro reported ₹24,236 crore in Q4, marking a 9.77% year-on-year (YoY) growth from ₹22,504.2 crore in the same period last year. Sequentially, revenue improved by 3% from ₹23,555.8 crore reported in Q3FY26.
| Segment | Q4FY26 | Q4FY25 | YoY Growth |
|---|---|---|---|
| IT Services Revenue (₹ crore) | 24,016 | 22,526.6 | 7% |
| IT Services Revenue ($ million) | 2,651.0 | 2,601.5 | 2.1% |
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% increase from 2024-25. FY26 revenue stood 3.96% 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.
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.
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Wipro also 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. This implies revenue will be in the range of $2,597 million to $2,651 million.
Investor Takeaway
Wipro's net profit declined by 1.85% year-over-year, but revenue grew 9.77% YoY.
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