Bengaluru, Apr 16 (TNT): Wipro Limited on Thursday reported modest revenue growth and stable margins for the fourth quarter of FY26, while announcing a ₹15,000 crore share buyback as part of its capital allocation strategy.
The company reported gross revenue of ₹242.4 billion for Q4, up 2.9% quarter-on-quarter and 7.7% year-on-year.
Net profit stood at ₹35.0 billion, rising 12.3% sequentially but declining marginally on an annual basis.
For the full year FY26, revenue increased 4% YoY to ₹926.2 billion, while net profit rose 0.5% to ₹132.0 billion, reflecting a steady but cautious growth environment, the company said in a release here.
IT services operating margin remained stable at 17.3% in Q4 and 17.2% for FY26, indicating disciplined cost management despite demand pressures.
Total bookings for the quarter stood at $3.45 billion, with large deal bookings jumping 65.1% sequentially, highlighting strong deal conversion and pipeline visibility.
The Board approved a share buyback of up to ₹150 billion at ₹250 per share, representing about 5.7% of the company’s equity base.
The move is seen as a signal of confidence in cash flows and shareholder returns.
Wipro guided IT services revenue for the June 2026 quarter in the range of $2.60–$2.65 billion, implying flat to marginally negative sequential growth in constant currency terms, reflecting continued macro uncertainty.
CEO and Managing Director Srini Pallia said advancements in AI are reshaping client priorities and creating new opportunities for deeper engagement.
He noted that the company is pivoting towards a services-as-software model through its AI Native Business & Platforms unit to strengthen its position in an AI-first environment.
Pallia added that Wipro’s strategic deal with the Olam Group reflects its focused investments to capture opportunities at scale in emerging technology areas.
Chief Financial Officer Aparna Iyer said the company continued to invest in clients, capabilities, and talent while maintaining margins within a narrow band.
She highlighted that operating cash flows stood at 112.6% of net income for FY26, indicating strong cash conversion and financial discipline.
Iyer noted that Wipro returned a significant portion of its cash to shareholders through dividends during the year.
She also reiterated the Board’s approval of a ₹15,000 crore buyback at ₹250 per share, subject to shareholder approval.
The company said the buyback underscores its commitment to enhancing shareholder value while continuing to invest in long-term growth areas.
TNT TS
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