Wipro Q4 net profit down 1.9%, announces Rs 15,000 Cr share buyback

Wipro, India's fourth largest IT services firm, reported a 1.9% year-on-year decline in net profit for the fourth quarter of FY26, even as it announced a Rs 15,000 crore share buyback programme.

Net profit stood at Rs 3,502 crore, down from Rs 3,570 crore in the same period last year, but rose 12.2% sequentially compared to the third quarter of FY26.

Revenue for the fourth quarter stood at Rs 24,236 crore, marking a 7.6% year-on-year increase.

Wipro CEO Srini Pallia noted that while geopolitical factors are creating macroeconomic challenges, tech spending remains resilient, supported by a strong deal pipeline.

In terms of US dollars, Wipro saw a 0.5% rise in revenue on a quarter-on-quarter basis for the fourth quarter of FY26 and 2% year-on-year increase. However, the company has projected revenue growth for the first quarter of FY27 in the range of 0% to minus 2%.

Artificial intelligence (AI) continues to be a key focus area for Wipro, with the company actively working with clients to explore and implement AI-driven solutions.

Pallia said, “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit.”

Wipro saw strong performance in its BFSI and technology, media, and communications segments during the fourth quarter of FY26. Geographically, growth was led by Europe and the Asia-Pacific, Middle East, and Africa regions.

“We have continued to invest in our clients, capabilities and people and maintained our margins in a narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY’26,” said Wipro CFO Aparna Iyer.

Wipro’s employee headcount remained largely stable, closing Q4 FY26 at 242,156, an increase of 135 employees sequentially and 8,810 compared to FY25.

The company also announced a Rs 15,000 crore share buyback, proposing to repurchase up to 60 crore equity shares, or 5.7% of its total paid-up equity capital, at Rs 250 per share. The buyback price reflects a 19% premium over the last closing price of Rs 210.20 on the BSE.