Mumbai, April 16 (IANS). IT sector giant Wipro has released the results of the fourth quarter (Q4) of the financial year 2026 on Thursday. During this period, the consolidated net profit of the company declined by 1.89 percent on an annual basis to Rs 3,501.8 crore, which was Rs 3,569.6 crore in the same quarter of the last financial year 2025.
In the exchange filing, the company said that on a quarterly basis, the company’s profit has registered an increase of 12.27 percent.
Earnings per share (EPS) stood at Rs 3.34 ($0.041), up 12.1 percent quarter-on-quarter, but down 2.1 percent year-on-year.
Talking about revenue, it increased by 7.69 percent on annual basis to Rs 24,236.3 crore in the March quarter, which was Rs 22,504.2 crore a year ago.
There was an increase of 2.88 percent in revenue on quarterly basis.
Regarding further estimates, Wipro said its IT services segment revenue in the June 2026 quarter is expected to be between $2,597 million and $2,651 million.
This reflects growth guidance of between -2.0 percent to 0 percent on a constant currency basis.
Along with this, the company’s board has also approved buyback of 60 crore fully paid-up equity shares, which is 5.7 percent of the total equity capital. This buyback will be for a maximum of Rs 15,000 crore and the price per share has been fixed at Rs 250, which will depend on the approval of the shareholders.
Srini Palia, CEO and Managing Director of the company, said that the rapid advancements in Artificial Intelligence (AI) are changing customer preferences and creating new opportunities.
“To strengthen our position in an AI-first world, we are moving towards a software-as-a-service model through the ‘AI Native Business and Platforms’ unit,” he said.
At the same time, the company’s CFO Aparna Iyer said that the company has continuously invested in customers, capabilities and talent, and has also kept the margins stable.
He also said that the company has returned a large part of its cash to shareholders in the form of dividends during the year.
–IANS
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