Wipro Q4 FY26 Results Highlights: Rs 15,000 crore buyback; Q1 revenue estimates muted at (-)2% to 0%

Voluntary attrition dropped to a three-quarter low of 13.8% on a trailing 12-month basis, indicating easing pressure compared to the elevated levels seen in previous years. The company’s total headcount stood at 2,42,156 employees.

Wipro reported total bookings of $3.5 billion in Q4, down 13.9% year-on-year (YoY). However, it increased on a sequential basis by 3.2% QoQ. Large TCV stood at $1.4 billion, declining sharply by 18.5% YoY. However, it rose sharply by 65.1% quarter-on-quarter.

In the board meeting the company announced that it has approved the re-appointment of Tulsi Naidu as as an independent director of the company for the second term of 5 years, with effect from July 1, 2026 to June 30, 2031.

Giving its outlook for Q1FY27, the company said, "Outlook for the Quarter ending June 30, 2026 We expect revenue from our IT Services business segment to be in the range of $2,597 million to $2,651 million*. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. "

The company's ross revenue reached Rs 92,620 crore, reflecting a YoY increase of 4%.

Wipro's total expenses rose 6% YoY at Rs 20,125 crore against Rs 18,978 crore reported for the same quarter last year. On a sequential basis no significant change was seen in total expenses.

The company's total revenue from the IT segment was pegged at nearly Rs 24,269 crore rising by more than 7% from Rs 22,526 crore. Sequentially the revenue in this segment rose by over 2% at Rs 23,634 crore.

The company's total revenue from the IT services stood at Rs 24,016 crore rising 7% YoY from Rs 22,445 reported in the same quarter last year. Sequentially, the IT services revenue rose by more than 2% at Rs 23,378 crore

In the Digital Operations and Platforms (DOP) segment, attrition was higher on a quarterly basis at 9.7% in Q4, compared with a full-year rate of 8.6%. This is up from 7.8% in FY25

The company reported voluntary attrition in its core IT services business at 13.8% on a trailing 12-month basis in Q4, down from 15% a year ago. The decline has been gradual but consistent through the year, easing from 15.1% in the June quarter to 14.9% in September and 14.2% in December.

On a sequential basis, the company's revenue from operations, rose nearly 3% at around Rs 24,236 crore against Rs 23,555 crore.

Srini Pallia, Wipro CEO and Managing Director, said "IT spending has shown resilience despite tighter immigration policies, global headwinds in the recent times. Making decisive investment in an AI-first world."

Commenting on the financial performance, Srini Pallia, CEO and Managing Director, 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. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale.”

No new dividend was declared in the board meeting, as the company in its statement said that the interim dividend of Rs 11 announced in January 2026 will be considered as the final dividend for FY26.

"The interim dividend of ₹ 11 declared in FY’26 by the Board at its meetings held on July 17th ,2025, and January 16th ,2026, shall be considered as final dividend for the financial year 2025-26," Wipro said in its release.

The company's board approved a share buy-back of Rs 150 crore. Commenting on the same, Aparna Iyer, Chief Financial Officer, said “We have continued to invest in our clients, capabilities and people and maintained our margins in narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY’26. During the year we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently concluded board meeting, the Board of Directors announced buyback of ₹15,000 Cr at a price of ₹250, subject to shareholder approval.”

However Wipro's Q4 net profit rose 12% sequentially at nearly Rs 3,502 crore against Rs 3,119 crore

The IT major's profit declined by nearly 2%YoY for Q4FY26 at nearly Rs 3,502 crore against Rs 3,119 crore reported in Q4FY25.

Wipro Q4 revenue from operations rose by 7.7% at Rs 24,236 against Rs 22,504 crore reported in the same quarter last year.

BNP Paribas expects Wipro to project revenue growth in the range of -1% to +1% for Q1FY27, indicating a cautious outlook.

The brokerage says it will closely watch management commentary on recovery in the Americas market, performance of Capco and its consulting business, and how much revenue is coming from recent deal wins.

BNP Paribas expects Wipro to report revenue growth at the lower end of its guidance, around 0.6% quarter-on-quarter in constant currency terms. This includes some support from the Harman DTS acquisition, while a few client-specific issues may weigh on growth.

Margins are expected to remain mostly flat at around 17.7%. Positive factors like currency benefits and better operational efficiency may be offset by costs related to large deal ramp-ups, restructuring expenses, and the impact of the Harman DTS acquisition.

Wipro's stock ended today's trade flat at Rs 210.15. The company's share price today were trading within the Rs 208 to Rs 212 bracket. On Wednesday the company's stock had closed at Rs 209.75.

Over the past one month the IT major's stock has climbed by up more than 7%. However looking at the longer run, the company's stock has declined by 17% over the past six months, and over the past one year it has fallen by 15%.

So far in 2026, the stock has fallen by more than 21%.

Kotak Instituitional Equities expects Wipro to guide for a revenue growth of -2% to 0% for the upcoming quarter, indicating a weak outlook. "Loss of a large deal and pricing pressure will lead to weak quarter," Kotak said.

On capital allocation, Kotak highlighted that Wipro has historically returned excess cash to shareholders through buybacks. Despite an increase in its dividend payout ratio, Kotak believes the company’s approach will remain unchanged, with a likely focus on announcing a share buyback.

The company's share price in late trade stood flat at Rs 210.4. Over the past five trading sessions the stock has delivered a return of 2%, while over the past one month stock has climbed by nearly 8%. Over the past six months the stock has declined by 17%,

According to Nuvama, the company is likely to report its EBIT at over Rs 3,959 crore, up more than 1% on-year and rising 1.5% on a sequential basis. “Margins are likely to decline 30 bps QoQ, affected by the Harman integration and a month of wage hike, partly offset by FX benefits,” the brokerage adds.

Kotak expects Wipro’s earnings before interest and taxes (EBIT) to be higher at Rs 4,258 crore. This reflects a YoY rise of nearly 9% and a sequential growth of around 19%. “We expect broadly stable EBIT margins. Headwind from wage revision for a month and DTS acquisition will likely be offset by rupee depreciation,” the brokerage adds.

Kotak expects Wipro to report a modest revenue growth of around 0.9% quarter-on-quarter in constant currency terms. This includes a 1.6% boost from the DTS acquisition. Margins are expected to remain largely stable. While there will be some pressure from a month of wage hikes and the impact of the DTS acquisition, this is likely to be balanced out by the depreciation of the rupee.

For Q3FY26, the company’s consolidated profit stood at Rs 3,119 crore, falling 7% YoY and down nearly 4% on a sequential basis. The company stated the decline came due to the implementation of new labour codes.

The company’s revenue from operations rose by more than 5% YoY to nearly Rs 23,589 crore. On a sequential basis, the topline rose by nearly 4% against Rs 22,697 crore reported in Q2FY26.

Analysts believe margins will be affected by deal ramp-up costs and client discounts, but expect this to be offset by currency gains.

Nomura said, “We expect adjusted EBIT margins to remain stable due to ramp-up costs of recently won large deals, with upfront cost savings given to customers largely offset by currency gains. In 3Q, reported margins were impacted by provisions made for labour code changes.”

Nuvama also noted, “Margins are likely to decline 30 bps QoQ, affected by the Harman integration and a month of wage hikes, partly offset by FX benefits.”

Wipro Q4 results for fiscal year 2026 are all set to be announced today. The company has stated that it will announce its quarterly and consolidated financial performance post market hours, meaning they would be declared after 3:30 PM (IST).

For the reporting quarter, the company has not announced any final or interim dividend yet. Previously, it paid an interim dividend of Rs 6 per equity share in Q3, and another of Rs 5 per equity share in Q1.

Brokerages expect the company to deliver a muted performance due to wage hikes and integration costs. Nuvama remains bearish on the company’s net profit, expecting both sequential and on-year declines. Kotak Institutional Equities too expects the company to report a weak quarter but with broadly stable margins

Nomura expects Wipro’s revenue to grow slightly by about 0.8% compared to the previous quarter, which is within the company’s guidance range of 0% to 2% for Q4.

The brokerage said that for the next quarter (Q1 FY27), the company may give a cautious outlook, expecting revenue to either fall by 1% or grow by up to 1% in constant currency terms