Wipro on Thursday reported 1.89 per cent decline in March quarter FY26 consolidated net profit at Rs 3,501.8 crore.
The IT company's profit in the year-ago period stood at Rs 3,569.6 crore.
Revenue from operations rose 7.6 per cent to Rs 24,236.3 crore in the fourth quarter of FY26, according to a regulatory filing.
As compared to previous December quarter, profit and revenue rose by 12.2 per cent and 2.8 per cent, respectively.
For full fiscal year 2025-26, Wipro recorded a net profit of Rs 13,197.4 crore, reflecting a marginal 0.47 per cent increase from 2024-25. FY26 revenue stood 3.96 per cent higher at Rs 92,624 crore.
“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,” Wipro CEO and MD Srini Pallia said.
Shares of Wipro settled 0.19 per cent higher at Rs 210.20 apiece on the BSE on Thursday.
Financial results were announced post-market hours.
Share buyback
IT firm Wipro on Thursday said its board has approved its largest share buyback worth Rs 15,000 crore, which it expects to complete in the first quarter of 2027.
The company, in a regulatory filing, said that the board has approved “proposal to buyback up to 60 crore fully paid-up equity shares of Rs 2, being 5.7 per cent of the total paid-up equity share capital, for an aggregate amount not exceeding Rupees Fifteen Thousand Crore only at a price of Rs 250 per equity share”.
Wipro, Chief Financial Officer, Aparna Iyer, said the Board of Directors announced the buyback of shares worth Rs 15,000 crore at Rs 250 per share, subject to shareholder approval.
She said that it is the biggest buyback that the company has announced.
Published on April 16, 2026