Wipro, a major player in the IT services sector, is preparing to announce its results for the January-March quarter of FY26, along with a share buyback proposal on April 16. This will be the company's first buyback in over five years. Despite a 21% decline in share value this year, Wipro's stock has seen a 3% increase in the past week. Analysts forecast a 9% year-on-year revenue growth for Q4, but a 5% drop in net profit due to wage hikes, acquisition costs, and weak discretionary spending affecting margins. The buyback could signal a strategic move to enhance shareholder value amid volatile market conditions. Brokerages expect EBIT margins to contract by 40-70 basis points sequentially, with deal wins and management commentary on FY27 guidance being key focus areas. The company's outlook on AI adoption will also be a significant point of interest for investors.