Mumbai: Wipro on Thursday reported a slight decline in its financial performance for the fourth quarter of FY26, even as it announced a major share buyback plan worth ₹15,000 crore.
The company posted a consolidated net profit of ₹3,501.8 crore for the March quarter, marking a 1.89 per cent year-on-year dip compared to ₹3,569.6 crore in the same period last year. However, on a sequential basis, profit rose by 12.27 per cent.
Earnings per share (EPS) stood at ₹3.34, reflecting a 12.1 per cent increase quarter-on-quarter but a 2.1 per cent decline year-on-year.
Revenue from operations showed steady growth, rising 7.69 per cent year-on-year to ₹24,236.3 crore, up from ₹22,504.2 crore in Q4 FY25. On a sequential basis, revenue increased by 2.88 per cent.
Looking ahead, Wipro projected revenue from its IT Services segment to be in the range of $2,597 million to $2,651 million for the June 2026 quarter. This implies a sequential growth outlook of -2.0 per cent to 0 per cent in constant currency terms.
In a significant move, the company’s board approved a share buyback of up to 60 crore fully paid-up equity shares, representing 5.7 per cent of its total equity capital. The buyback will be carried out at a price of ₹250 per share, subject to shareholder approval.
Commenting on the results, CEO and Managing Director Srini Pallia said that rapid advancements in artificial intelligence are reshaping client priorities and creating opportunities for deeper engagements. He added that Wipro is repositioning itself towards a services-as-software model through its AI Native Business & Platforms unit.
Chief Financial Officer Aparna Iyer noted that the company continues to invest in client relationships, capabilities, and talent, while maintaining stable margins. She also highlighted that a substantial portion of cash generated during the year has been returned to shareholders through dividends.
With inputs from IANS