Wipro Limited reported its financial results for the quarter and year ended March 31, 2026. The company achieved a gross annual revenue of ₹926.2 billion, representing a 4.0% increase year-over-year. For the final quarter, gross revenue reached ₹242.4 billion, up 7.7% year-over-year. Furthermore, the board has approved a buyback of shares valued at ₹150 billion, underscoring its commitment to delivering value to shareholders amidst a strategic pivot toward an AI-focused business model.
Annual Financial Performance
For the fiscal year ended March 31, 2026, Wipro delivered steady growth with an annual net income of ₹132.0 billion, an increase of 0.5% compared to the previous year. The company’s IT services segment maintained an operating margin of 17.2%, reflecting an expansion of 0.2% year-over-year. Total bookings for the year were strong at $16.4 billion, a 14.0% increase, driven largely by a 45.4% surge in large deal bookings.
Fourth Quarter Highlights
The fourth quarter of the 2026 fiscal year saw a net income of ₹35.0 billion, marking a 12.3% growth sequentially. While the quarterly IT services operating margin stood at 17.3%, Wipro successfully secured $3,455 million in total bookings for the quarter. The company continues to see significant momentum in large deal acquisitions, which totaled $1,440 million, a 65.1% increase sequentially in constant currency terms.
Strategic Focus and Capital Allocation
Wipro is aggressively pivoting to a services-as-a-software model through its newly formed AI Native Business & Platforms unit. This strategy aims to capture scaling opportunities in an AI-first market environment. Alongside these strategic shifts, the company’s Board of Directors has approved a ₹150 billion share buyback program via a tender offer at ₹250 per share, pending shareholder approval. This move follows a period of returning substantial cash to shareholders throughout the year via dividends.
Operational Outlook
Looking ahead to the quarter ending June 30, 2026, Wipro projects IT services revenue to fall between $2,597 million and $2,651 million. This guidance suggests a sequential movement of -2.0% to 0% in constant currency terms, reflecting the company’s cautious but focused approach toward navigating market demand and further integrating AI capabilities into its service delivery.
Source: BSE
