Wipro Share Price Falls Nearly 4% Following Disappointing Q4 Earnings

Wipro Share Price Slumps 4% Following Q4 Earnings

Wipro's share price took a hit of almost 4% on Friday, April 17, following the IT giant's reported consolidated net profit of ₹3,501.8 crore for the March quarter of FY26. This represents a decline of 1.89% compared to ₹3,569.6 crore from the previous year.

The decline in profit occurs amid a tough macroeconomic climate, which Wipro's CEO and MD, Srini Pallia, described as the "new normal" characterized by geopolitical and policy challenges. However, he noted that overall IT spending has remained resilient.

Wipro's board has sanctioned a massive ₹15,000 crore share buyback program, aiming to repurchase more than 5% of its equity, or up to 60 crore shares, from shareholders at a price of ₹250 per share.

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The Bengaluru-based Wipro reported a year-on-year revenue growth of 7.6%, reaching ₹24,236.3 crore in Q4 FY26, up from ₹22,504.2 crore in the same quarter last year. A comparison of Wipro's revenue growth and profit growth can be seen in the following table:

The core IT Services division generated revenue of $2,651 million during this quarter, showing a 0.6% growth from the previous quarter and a 2.1% increase compared to the same period last year. For the upcoming quarter ending June 30, 2026, Wipro has projected IT Services revenue to be between $2,597 and $2,651 million, suggesting a sequential growth forecast of -2.0% to 0% in constant currency terms.