Wipro Ltd

Latest Results (01.05.2026):

Wipro Ltd — results for the quarter and year ended March 31, 2026 (Q4’26 and FY’26). In Q4’26 Wipro reported gross revenue of ₹242.4 billion, IT Services revenue of $2,651.0 million, and net income of ₹35.0 billion (EPS ₹3.34). For FY’26, gross revenue was ₹926.2 billion, IT Services revenue $10,478.1 million, and net income ₹132.0 billion (EPS ₹12.6). Adjusted for labour code impacts, adjusted net income grew QoQ and YoY (Q4 adj. net income ₹34.9bn, FY adj. net income ₹134.3bn). The Board approved a ₹150 billion buyback and the company provided modest sequential revenue guidance for Q1 FY’27.

Revenue

Q4’26 gross revenue: ₹242.4 billion (+2.9% QoQ, +7.7% YoY). IT Services revenue: $2,651.0 million (+0.6% QoQ, +2.1% YoY). FY’26 gross revenue: ₹926.2 billion (+4.0% YoY); IT Services revenue for FY’26: $10,478.1 million (-0.3% YoY).

Margins

IT Services operating margin in Q4’26: 17.3% (down ~0.3% QoQ and ~0.2% YoY). FY’26 IT Services margin: 17.2%, up 0.2% YoY (narrow band maintenance of margins highlighted).

Profit & EPS

Q4’26 net income: ₹35.0 billion (+12.3% QoQ, -1.9% YoY); basic EPS ₹3.34 (+12.1% QoQ, -2.1% YoY). Q4’26 adjusted for labour code changes: adjusted net income ₹34.9 billion and adjusted EPS ₹3.33 (+3.7% QoQ). FY’26 net income: ₹132.0 billion (+0.5% YoY); adjusted FY’26 net income ₹134.3 billion (+2.2% YoY) and adjusted EPS ₹12.8 (+2.1% YoY).

Cash flow & conversion

Q4’26 operating cash flow: ₹31.7 billion (90.1% of Q4 net income). FY’26 operating cash flow: ₹149.3 billion (112.6% of FY’26 net income). Free cash flow for FY’26: ₹134.5 billion (≈101.4% of net income).

Bookings & large deals

Total bookings in Q4’26: $3,455 million (+3.2% QoQ constant currency). Large-deal bookings in Q4’26: $1,440 million (up 65.1% QoQ constant currency). FY’26 total bookings: $16.4 billion (+14.0% YoY); large deals $7.8 billion (+45.4% YoY).

Capital allocation — buyback & dividend

Board approved a buyback up to ₹150 billion (₹250 per share) for up to 600,000,000 shares (~5.7% of paid-up equity), subject to shareholder approval. The interim dividend of ₹11 declared during FY’26 will be treated as the final dividend for FY’26.

Outlook (Q1 FY’27 / quarter ending June 30, 2026)

Guidance for IT Services revenue: $2,597m to $2,651m, implying sequential constant-currency growth of -2.0% to 0% for the next quarter. Outlook based on specified FX assumptions (USD/INR 92.35, GBP/USD 1.34, EUR/USD 1.17, AUD/USD 0.70, CAD/USD 0.73).

Operational metrics & strategy

Voluntary attrition (trailing 12 months) was 13.8%. Management emphasized AI-led strategy (AI Native Business & Platforms / Wipro Intelligence™) and multiple large strategic deal wins across healthcare, finance, retail, manufacturing and energy signaling continued focus on AI and transformation services.