Wipro Limited has released its audited financial results for the quarter and year ended March 31, 2026. For the fiscal year, the company achieved a consolidated profit of ₹132,655 million. The Board has also approved a proposal for a share buyback of up to 600 million equity shares at a price of ₹250 per share, representing an aggregate amount not exceeding ₹150,000 million.
Financial Performance Highlights
For the quarter ended March 31, 2026, Wipro reported a consolidated revenue from operations of ₹242,363 million, with a consolidated profit for the period of ₹35,216 million. Looking at the full fiscal year, the company’s total consolidated revenue reached ₹926,240 million, and the total profit stood at ₹132,655 million.
Strategic Growth and Acquisitions
Wipro continues to expand its service capabilities through strategic acquisitions. The company has announced the signing of definitive agreements to acquire Mindsprint, an IT services arm of Olam Group, for USD 375 million, and select customer contracts of Alpha Net Consulting for USD 70.8 million. Both acquisitions are expected to conclude by the quarter ending June 30, 2026, subject to customary closing conditions.
Proposed Share Buyback
In a move to return value to shareholders, the Board of Directors has approved a proposal for a share buyback. This initiative involves the purchase of up to 600,000,000 equity shares, which accounts for approximately 5.7% of the total equity shares. The buyback will be executed on a proportionate basis via a tender offer at a price of ₹250 per equity share, with a maximum aggregate value of ₹150,000 million.
Operating Segment Performance
The IT Services segment remains the primary growth driver, reporting revenue of ₹240,167 million for the quarter ended March 31, 2026. The segment’s performance is driven by its diverse strategic market units across Americas, Europe, and APMEA, reflecting the company’s robust demand across key industry sectors and geographies.
Source: BSE
