• Wipro shares declined despite buyback announcement and steady quarterly earnings growth.
• Revenue and bookings showed sequential improvement, while margins remained largely stable.
• Company issued muted near-term guidance for IT services revenue growth outlook.

Shares of Wipro Limited (NSE:WIPRO) were trading at ₹204.15, down ₹6.11 or 2.91% as on 17 April 2026 from the previous close of ₹210.26. The stock opened at ₹205.00 and moved between ₹202.50 and ₹206.45 during the session.

The VWAP stood at ₹204.46, indicating trading activity near current levels. The decline comes alongside earnings updates and capital allocation announcements.

Quarterly Performance Overview

For Q4 FY26, the company reported gross revenue of ₹242.4 billion, up 2.9% sequentially and 7.7% year-on-year. IT services revenue stood at USD 2,651.0 million, increasing 0.6% QoQ and 2.1% YoY.

Net income for the quarter was ₹35.0 billion, rising 12.3% sequentially but declining 1.9% YoY. Adjusted net income increased 3.7% QoQ. Earnings per share came in at ₹3.34 for the quarter.

Operating margin for IT services was 17.3%, down 0.3% QoQ and 0.2% YoY, indicating a relatively stable margin band despite fluctuations.

Full-Year Financial Performance

For FY26, revenue reached ₹926.2 billion, marking a 4.0% increase YoY. Net income stood at ₹132.0 billion, up 0.5% YoY, while adjusted net income rose 2.2%.

Large deal bookings for the year were USD 7.8 billion, increasing 45.4% YoY, and total bookings stood at USD 16.4 billion, up 14.0%.

Operating cash flow was reported at 112.6% of net income for the year, while voluntary attrition stood at 13.8% on a trailing twelve-month basis.

Buyback Announcement

The board approved a buyback proposal worth ₹150 billion, subject to shareholder approval. The company plans to repurchase up to 60 crore equity shares at a price of ₹250 per share through a tender offer route.

The buyback represents approximately 5.7% of the total paid-up equity share capital. Additionally, the interim dividend declared during FY26 is considered as the final dividend for the financial year.

Outlook and Guidance

For the June 2026 quarter, the company expects IT services revenue in the range of USD 2,597 million to USD 2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms.

The outlook indicates a cautious near-term demand environment, with limited sequential growth expected in the IT services segment.

Deal Activity and Business Trends

During the quarter, total bookings stood at USD 3,455 million, up 3.2% QoQ. Large deal bookings were USD 1,440 million, reflecting a significant 65.1% sequential increase.

The company continued to secure multi-year deals across sectors including healthcare, financial services, and manufacturing, with a focus on AI-led transformation and digital operations.

Key Risks

• Weak near-term revenue guidance may impact investor sentiment.
• Margin pressure could persist due to cost and demand environment.
• Currency fluctuations may affect reported earnings and growth.
• Attrition trends may influence operational efficiency and costs.

Summary

Wipro shares declined following its Q4 FY26 results and buyback announcement. While revenue and bookings showed sequential growth, margins remained within a narrow range and net income saw mixed trends. The announced buyback reflects capital allocation plans, while near-term guidance indicates limited growth expectations. Stock movement reflects market reaction to earnings, outlook, and broader IT sector conditions.

FAQs

What was Wipro’s Q4 FY26 net income?
Wipro reported net income of ₹35.0 billion for the quarter ended March 2026.

What is the size of Wipro’s buyback plan?
The company approved a buyback of up to ₹150 billion at ₹250 per share.

What is Wipro’s revenue guidance for next quarter?
The company expects IT services revenue between USD 2,597 million and USD 2,651 million.