Wipro has announced its audited financial results for Q4FY26 and the full year ended March 31, 2026, following Board approval on April 16, 2026. The IT services major reported strong quarterly performance with significant growth in profitability metrics while also announcing a substantial share buyback proposal for shareholders.

Board Meeting Outcomes and Regulatory Compliance

The Board of Directors meeting, held over April 15-16, 2026, concluded at 3:55 PM on April 16, 2026, with approval of multiple key resolutions. The company has fulfilled its regulatory obligations by publishing annual results under SEBI Regulation 47 in Financial Express and Kannada Prabha on April 17, 2026. The audited consolidated financial results were prepared in accordance with Indian Accounting Standards and received an unmodified audit opinion from statutory auditors Deloitte Haskins & Sells LLP.

Q4FY26 Financial Performance

Wipro delivered robust financial results for Q4FY26 with consolidated net profit reaching ₹35.22 billion, representing substantial growth from ₹31.20 billion in the previous quarter. The company's quarterly revenue stood at ₹242.36 billion compared to ₹235.50 billion QoQ, closely meeting analyst estimates of ₹243.43 billion. EBIT performance was particularly strong at ₹41.80 billion with margins expanding to 17.30%.

IT Services Performance and Regional Growth

The company's IT Services revenue for Q4FY26 was $2.65 billion, reflecting sequential growth of 0.20% and degrowth of 0.20% on a YoY basis in constant currency terms. Operating margin came in at 17.30%, representing a contraction of 30 basis points sequentially. The order booking for the quarter was $3.50 billion, showing growth of 3.20% sequentially but degrowth of 13.90% YoY, with 14 large deals totaling $1.40 billion.

Major Share Buyback Initiative

The Board has approved a significant buyback proposal for up to 60 crore equity shares at ₹250.00 per share through the tender offer route. This represents 5.70% of the total paid-up equity share capital with an aggregate value not exceeding ₹150,000 crore. The buyback is proposed to be made from existing shareholders on a proportionate basis in accordance with SEBI Buy-Back Regulations, 2018 and the Companies Act, 2013.

Annual Performance FY26 and Strategic Developments

For the full year ended March 31, 2026, Wipro achieved gross revenue of ₹926.24 billion, up 4.00% YoY. The company maintained healthy operating margins at 17.20% for FY26, demonstrating consistent operational efficiency. IT Services revenue for the full year was $10.50 billion, reflecting YoY degrowth of 1.60% in constant currency. The company secured several strategic engagements including a transformational deal with Olam Group expected to exceed $1.00 billion in contract value.

Management Guidance and Future Acquisitions

For Q1FY27, Wipro expects IT Services revenue to be in the range of $2,597 million to $2,651 million, translating to sequential guidance of -2.00% to 0% in constant currency terms. The company has also announced post-reporting period events including agreements to acquire Mindsprint for USD 375 million and select customer contracts of Alpha Net Consulting for USD 70.80 million, both expected to conclude by quarter ending June 30, 2026. The buyback proposal is subject to shareholder approval through postal ballot and will be conducted in accordance with regulatory requirements.

Wipro Limited has announced the allotment of equity shares under its employee stock option plans, effective April 21, 2026. The company allotted 3,41,897 equity shares under the ADS Restricted Stock Unit Plan 2004 and 37,984 equity shares under the Restricted Stock Unit Plan 2007, pursuant to the exercise of ESOPs by eligible employees.

The total allotment of 3,79,881 equity shares was communicated to both BSE Limited and National Stock Exchange of India Limited for their records and information purposes. The disclosure was formally submitted to the Manager-Listing departments of both stock exchanges.

ESOP Plan Details

The allotment was made under two specific ESOP plans established by the company:

The exercise of ESOPs represents the conversion of stock options into actual equity shares by eligible employees who have met the vesting requirements under the respective plans. This is a standard corporate governance practice aimed at employee retention and motivation through equity ownership.

The disclosure was signed by M Sanaulla Khan, Company Secretary of Wipro Limited, on April 21, 2026. The company's registered office is located at Doddakannelli, Sarjapur Road, Bengaluru 560 035, India. Wipro Limited is listed on both BSE (code: 507685) and NSE (symbol: WIPRO).