Bengaluru: Wipro Q4 FY26 results highlight a steady performance for the quarter and full year ended March 31, 2026, with modest growth in adjusted net income, stable margins, and strong cash flow conversion, alongside a significant capital allocation move through a ₹150 billion buyback.
In Q4 FY26, adjusted net income grew 3.7% quarter-on-quarter (QoQ), while for the full financial year FY’26, it increased 2.2% year-on-year (YoY).
The company reported operating margins of 17.3% for the quarter and 17.2% for the full year, reflecting a stable margin profile despite minor fluctuations.
Wipro Q4 FY26 Financial Performance
During Q4 FY26, Wipro posted gross revenue of ₹242.4 billion, marking a 2.9% QoQ and 7.7% YoY increase. IT services segment revenue stood at $2,651 million, rising 0.6% QoQ and 2.1% YoY.
Total bookings for Wipro Q4 FY26 came in at $3,455 million, reflecting a 3.2% QoQ increase in constant currency terms, while large deal bookings surged 65.1% QoQ to $1,440 million.
Net income for the quarter was ₹35.0 billion, up 12.3% QoQ but down 1.9% YoY. Earnings per share (EPS) stood at ₹3.34, rising 12.1% QoQ. Adjusted net income, factoring in labour code changes, stood at ₹34.9 billion, reflecting a 3.7% QoQ increase.
Operating cash flow for Wipro Q4 FY26 was ₹31.7 billion, representing 90.1% of net income, demonstrating strong cash conversion.
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Wipro FY26 Annual Performance
For the full year, Wipro Q4 FY26 disclosures indicate gross revenue of ₹926.2 billion, up 4.0% YoY. IT services revenue stood at $10.48 billion, slightly declining 0.3% YoY.
Total bookings reached $16.4 billion, growing 14.0% YoY, while large deal bookings rose sharply by 45.4% YoY to $7.8 billion.
Net income for FY’26 stood at ₹132.0 billion, up 0.5% YoY, with EPS at ₹12.6. Adjusted net income rose 2.2% YoY to ₹134.3 billion.
Operating cash flow for the year came in at ₹149.3 billion, accounting for 112.6% of net income, underlining consistent cash generation throughout FY’26.
Srini Pallia, CEO and Managing Director, Wipro Limited 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, added: “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 ₹15,000 Cr at a price of ₹250, subject to shareholder approval.”
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Buyback and Capital Allocation
A key highlight of Wipro Q4 FY26 is the Board’s approval of a share buyback worth ₹150 billion. The company plans to repurchase up to 60 crore equity shares at ₹250 per share, representing 5.7% of total paid-up equity capital, subject to shareholder approval.
Additionally, the interim dividend of ₹11 declared during FY’26 will be treated as the final dividend for the financial year.
Outlook for Q1 FY27
Looking ahead, Wipro Q4 FY26 guidance indicates that IT services revenue for the quarter ending June 30, 2026, is expected to be in the range of $2,597 million to $2,651 million. This translates to a sequential growth outlook of (-)2.0% to 0% in constant currency terms.
