Wipro Q4 Profit Falls 1.9%, Announces 15,000 Crore Buyback

Wipro Limited, the Indian IT services giant, reported a 1.9 percent decline in net profit for the fourth quarter of fiscal year 2026, ending March 31, amid a challenging macroeconomic environment, while announcing a record 15,000 crore rupee share buyback program. The Bengaluru-based company disclosed the results after market hours on Thursday, with its American Depositary Receipts falling 2.2 percent in preopening trade on the New York Stock Exchange to 2.22 dollars.

Consolidated net income for the quarter stood at 3,501.8 crore rupees, down from 3,569.6 crore rupees a year earlier, though it rose 12.2 percent from the previous quarter. Revenue from operations increased 7.6 percent year-over-year to 24,236.3 crore rupees, beating the prior year's figure of 22,504.2 crore rupees and climbing 2.8 percent sequentially. The IT services segment, Wipro's core business, generated 2,651 million dollars in revenue, marking a 0.6 percent sequential increase and a 2.1 percent rise from the same period last year. Operating margins for IT services held steady at 17.3 percent, a slight 0.2 percentage point dip year-over-year.

For the full fiscal year 2026, Wipro achieved a marginal 0.5...