Wipro

Revenue up 7.7% yoy to Rs 24236 crore in Q4FY2026

On consolidated basis

Quarter ended March 2026 compared with Quarter ended December 2025.

Net sales (including other operating income) of Wipro has increased 2.89% to Rs 24236.3 crore.  

Operating profit margin has jumped from 18.24% to 20.26%, leading to 14.27% rise in operating profit to Rs 4,909.30 crore.  Purchase of finished goods cost fell from 1.05% to 0.69%.   Employee cost decreased from 60.28% to 59.23%.   Other expenses fell from 20.43% to 19.80%.   Selling and administration expenses rose from 3.18% to 3.38%.   Software technology development services cost fell from 11.74% to 11.53%.   

Other income fell 15.03% to Rs 854.2 crore.  PBIDT rose 8.71% to Rs 5763.5 crore.  Provision for interest rose 1.23% to Rs 370.1 crore.  Loan funds remained nil.  

PBDT rose 9.26% to Rs 5393.4 crore.  Provision for depreciation fell 9.50% to Rs 728.5 crore.  

Profit before tax grew 12.92% to Rs 4,664.90 crore.  Share of profit/loss was 3.57% lower at Rs 2.7 crore.  Provision for tax was expense of Rs 1146 crore, compared to Rs 988.9 crore.  Effective tax rate was 24.55% compared to 23.92%.

Minority interest decreased 23.85% to Rs 19.80 crore.  Net profit attributable to owners of the company increased 12.27% to Rs 3,501.80 crore.  

Promoters? stake was 72.63% as of 31 March 2026 ,compared to 72.63% as of 31 December 2025 .  

 

Quarter ended March 2026 compared with Quarter ended March 2025.

Net sales (including other operating income) of Wipro has increased 7.70% to Rs 24236.3 crore.  Sales of IT Services segment has gone up 7.00% to Rs 24,016.70 crore (accounting for 98.96% of total sales).  Sales of IT Products segment has gone up 210.09% to Rs 252.10 crore (accounting for 1.04% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 0.18% to Rs 4,362.70 crore.  PBIT of IT Services segment fell 0.24% to Rs 4,341.60 crore (accounting for 99.52% of total PBIT).  PBIT of IT Products segment rose 653.57% to Rs 21.10 crore (accounting for 0.48% of total PBIT).  

PBIT margin of IT Services segment fell from 19.39% to 18.08%.  PBIT margin of IT Products segment rose from 3.44% to 8.37%.  Overall PBIT margin fell from 19.33% to 17.98%.  

Operating profit margin has declined from 20.55% to 20.26%, leading to 6.17% rise in operating profit to Rs 4,909.30 crore.  Purchase of finished goods cost rose from 0.36% to 0.69%.   Employee cost decreased from 59.31% to 59.23%.   Other expenses rose from 19.78% to 19.80%.   Selling and administration expenses fell from 3.60% to 3.38%.   Software technology development services cost rose from 11.06% to 11.53%.   

Other income fell 28.12% to Rs 854.2 crore.  PBIDT fell 0.84% to Rs 5763.5 crore.  Provision for interest fell 1.75% to Rs 370.1 crore.  Loan funds rose to Rs 20,291.00 crore as of 31 March 2026 from Rs 19,203.50 crore as of 31 March 2025.  Inventories declined from Rs 69.40 crore as of 31 March 2025 to Rs 51.70 crore as of 31 March 2026.  Sundry debtors were higher at Rs 13,590.10 crore as of 31 March 2026 compared to Rs 11,774.50 crore as of 31 March 2025.  Cash and bank balance declined from Rs 12,197.40 crore as of 31 March 2025 to Rs 10,555.50 crore as of 31 March 2026.  Investments rose to Rs 46,785.90 crore as of 31 March 2026 from Rs 43,925.90 crore as of 31 March 2025 .  

PBDT fell 0.78% to Rs 5393.4 crore.  Provision for depreciation rose 0.94% to Rs 728.5 crore.  Fixed assets increased to Rs 10,963.30 crore as of 31 March 2026 from Rs 10,603.50 crore as of 31 March 2025.  Intangible assets increased from Rs 34,779.60 crore to Rs 41,139.00 crore.  

Profit before tax down 1.04% to Rs 4,664.90 crore.  Share of profit/loss was 90.72% lower at Rs 2.7 crore.  Provision for tax was expense of Rs 1146 crore, compared to Rs 1154.9 crore.  Effective tax rate was 24.55% compared to 24.35%.

Minority interest increased 7.03% to Rs 19.80 crore.  Net profit attributable to owners of the company decreased 1.90% to Rs 3,501.80 crore.  

Equity capital increased from Rs 2,094.40 crore as of 31 March 2025 to Rs 2,097.70 crore as of 31 March 2026.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 72.63% as of 31 March 2026 ,compared to 72.73% as of 31 March 2025 .  

Full year results analysis.

Net sales (including other operating income) of Wipro has increased 3.97% to Rs 92624 crore.  Sales of IT Services segment has gone up 3.71% to Rs 92,115.30 crore (accounting for 99.25% of total sales).  Sales of IT Products segment has gone up 157.80% to Rs 694.00 crore (accounting for 0.75% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has slumped 3.62% to Rs 15,577.90 crore.  PBIT of IT Services segment fell 4.06% to Rs 15,522.00 crore (accounting for 99.64% of total PBIT).  PBIT of IT Products reported profit of Rs 55.90 crore compared to loss of Rs 17.30 crore.  

PBIT margin of IT Services segment fell from 18.22% to 16.85%.  PBIT margin of IT Products segment rose from negative 6.43% to 8.05%.  Overall PBIT margin fell from 18.14% to 16.78%.  

Operating profit margin has declined from 20.23% to 19.23%, leading to 1.17% decline in operating profit to Rs 17,811.20 crore.  Purchase of finished goods cost rose from 0.33% to 0.62%.   Employee cost increased from 59.89% to 60.02%.   Other expenses rose from 19.54% to 20.12%.   Selling and administration expenses fell from 3.68% to 3.34%.   Software technology development services cost rose from 11.24% to 11.63%.   

Other income fell 0.27% to Rs 3873.7 crore.  PBIDT fell 1.01% to Rs 21684.9 crore.  Provision for interest fell 1.31% to Rs 1457.7 crore.  Loan funds rose to Rs 20,291.00 crore as of 31 March 2026 from Rs 19,203.50 crore as of 31 March 2025.  Inventories declined from Rs 69.40 crore as of 31 March 2025 to Rs 51.70 crore as of 31 March 2026.  Sundry debtors were higher at Rs 13,590.10 crore as of 31 March 2026 compared to Rs 11,774.50 crore as of 31 March 2025.  Cash and bank balance declined from Rs 12,197.40 crore as of 31 March 2025 to Rs 10,555.50 crore as of 31 March 2026.  Investments rose to Rs 46,785.90 crore as of 31 March 2026 from Rs 43,925.90 crore as of 31 March 2025 .  

PBDT fell 0.98% to Rs 20227.2 crore.  Provision for depreciation fell 1.60% to Rs 2910.7 crore.  Fixed assets increased to Rs 10,963.30 crore as of 31 March 2026 from Rs 10,603.50 crore as of 31 March 2025.  Intangible assets increased from Rs 34,779.60 crore to Rs 41,139.00 crore.  

Profit before tax down 0.88% to Rs 17,316.50 crore.  Share of profit/loss was 1.18% higher at Rs 25.7 crore.  Provision for tax was expense of Rs 4076.7 crore, compared to Rs 4277.7 crore.  Effective tax rate was 23.51% compared to 24.45%.

Minority interest decreased 17.55% to Rs 68.10 crore.  Net profit attributable to owners of the company increased 0.47% to Rs 13,197.40 crore.  

Equity capital increased from Rs 2,094.40 crore as of 31 March 2025 to Rs 2,097.70 crore as of 31 March 2026.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 72.63% as of 31 March 2026 ,compared to 72.73% as of 31 March 2025 .  

Cash flow from operating activities decreased to Rs 14,931.60 crore for year ended March 2026 from Rs 16,942.60 crore for year ended March 2025.  Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 1,560.30 crore, compared to Rs 1,473.70 crore during the year ended March 2025.  

Guidance: 

Revenue from IT Services business segment to be in the range of $2597 million to $2,651 million in Q1FY2027. This translates to sequential IT services revenue growth of -2% to 0% in constant currency.

Buyback: The board of directors have announced and approved a buyback of 60,00,00,000  fully paid-up equity shares of Rs 2/- being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding Rs 15,000 Crore at a price of Rs 250. The buyback is expected to be completed in Q1FY27, subject to shareholder approval.

Management Commentary:

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.?

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 Rs 15,000 Cr at a price of Rs 250, subject to shareholder approval.

Wipro : Consolidated Results

Quarter ended Year ended Particulars 202603 202503 Var.(%) 202603 202503 Var.(%) Net Sales (including other operating income) 24,236.30 22,504.20 7.70 92,624.00 89,088.40 3.97 OPM (%) 20.26 20.55 -29 bps 19.23 20.23 -100 bps OP 4,909.30 4,624.00 6.17 17,811.20 18,021.20 -1.17 Other Inc. 854.20 1,188.30 -28.12 3,873.70 3,884.00 -0.27 PBIDT 5,763.50 5,812.30 -0.84 21,684.90 21,905.20 -1.01 Interest 370.10 376.70 -1.75 1,457.70 1,477.00 -1.31 PBDT 5,393.40 5,435.60 -0.78 20,227.20 20,428.20 -0.98 Depreciation 728.5 721.7 0.94 2910.7 2957.9 -1.60 PBT 4,664.90 4,713.90 -1.04 17316.5 17470.3 -0.88 Share of Profit/(Loss) from Associates 2.7 29.1 -90.72 25.7 25.4 1.18 PBT before EO 4667.6 4743 -1.59 17342.2 17495.7 -0.88 EO Income 0 0 - 0 0 - PBT after EO 4667.6 4743 -1.59 17342.2 17495.7 -0.88 Taxation 1146 1154.9 -0.77 4076.7 4277.7 -4.70 PAT 3521.6 3588.1 -1.85 13265.5 13218 0.36 Minority Interest (MI) 19.8 18.5 7.03 68.1 82.6 -17.55 Net profit 3501.8 3569.6 -1.90 13197.4 13135.4 0.47 P/(L) from discontinued operations net of tax 0 0 - 0 0 - Net profit after discontinued operations 3501.8 3569.6 -1.90 13197.4 13135.4 0.47 EPS (Rs)* 3.34 3.40 -1.90 12.58 12.52 0.47 * EPS is on current equity of Rs 2,097.70 crore, Face value of Rs 2, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Wipro : Consolidated Segment Results

Quarter ended Year ended % of (Total) 202603 202503 Var.(%) % of (Total) 202603 202503 Var.(%) Sales Global IT Services & Products 0.00 0.00 0.00 - India & Asia Pac IT Serv. & Product 0.00 0.00 0.00 - Consumer Care & Lighting 0.00 0.00 0.00 - Others 0.00 0.00 0.00 - IT Services 98.96 24,016.70 22,445.30 7.00 99.25 92,115.30 88,822.40 3.71 IT Products 1.04 252.10 81.30 210.09 0.75 694.00 269.20 157.80 IT Services & Products 0.00 0.00 0.00 - India State Run Enterprise 0.00 0.00 0.00 - Total Reported Sales 100.00 24,268.80 22,526.60 7.73 100.00 92,809.30 89,091.60 4.17 Less: Inter segment revenues   0.00 0.00 -   0.00 0.00 - Net Sales 100.00 24,268.80 22,526.60 7.73 100.00 92,809.30 89,091.60 4.17 PBIT Global IT Services & Products 0.00 0.00 0.00 - India & Asia Pac IT Serv. & Product 0.00 0.00 0.00 - Consumer Care & Lighting 0.00 0.00 0.00 - Others 0.00 0.00 0.00 - IT Services 99.52 4,341.60 4,352.00 -0.24 99.64 15,522.00 16,179.60 -4.06 IT Products 0.48 21.10 2.80 653.57 0.36 55.90 -17.30 LP IT Services & Products 0.00 0.00 0.00 - India State Run Enterprise 0.00 0.00 0.00 - Total PBIT 100.00 4,362.70 4,354.80 0.18 100.00 15,577.90 16,162.30 -3.62 Less : Interest 370.10 376.70 -1.75 1,457.70 1,477.00 -1.31 Add: Other un-allcoable 675.00 764.90 -11.75 3,222.00 2,810.40 14.65 PBIT Margin(%) Global IT Services & Products   0.00 0.00 0.00 India & Asia Pac IT Serv. & Product   0.00 0.00 0.00 Consumer Care & Lighting   0.00 0.00 0.00 Others   0.00 0.00 0.00 IT Services   18.08 19.39 -131.19   16.85 18.22 -136.51 IT Products   8.37 3.44 492.57   8.05 -6.43 1,448.12 IT Services & Products   0.00 0.00 0.00 India State Run Enterprise   0.00 0.00 0.00 PBT 100.00 4,667.60 4,743.00 -1.59 100.00 17,342.20 17,495.70 -0.88