Wipro Reports Q4 Earnings with 2% Net Profit Decline and ₹15,000 Crore Buyback Plan
Wipro Q4 Results: Net profit falls 2% YoY to ₹3,502 crore; Board approves ₹15,000 crore share buyback
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Wipro, India's fourth-largest IT services firm, reported a 2% decline in net profit to ₹3,502 crore for Q4 FY26, although it saw a 12% sequential increase. The company also announced a ₹15,000 crore share buyback plan, reflecting confidence in its financial health.
- 01Wipro's Q4 net profit fell to ₹3,502 crore, a 1.85% year-on-year decline.
- 02Revenue for the quarter reached ₹24,236.3 crore, marking a 9.77% YoY growth.
- 03The IT services segment revenue was ₹24,016 crore, a 7% YoY increase.
- 04Wipro's EBIT margin for IT services stood at 17.3%, showing a slight decline.
- 05The company approved a ₹15,000 crore share buyback to enhance shareholder value.
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Wipro Limited, a leading IT services provider in India, announced its financial results for the March quarter (Q4 FY26), reporting a net profit of ₹3,502 crore (approximately $421 million USD), which reflects a 1.85% decrease from ₹3,569 crore in the same quarter last year. However, this marks a significant 12.27% increase from the previous quarter's profit of ₹3,119 crore. The company's total revenue reached ₹24,236.3 crore, aligning with analysts' expectations and representing a 9.77% year-on-year growth from ₹22,504.2 crore in Q4 FY25. The IT services segment contributed ₹24,016 crore to the revenue, showing a 7% YoY increase. Despite the growth in revenue, the EBIT margin for the IT services segment decreased slightly to 17.3%. For the fiscal year 2025-26, Wipro's net profit totaled ₹13,197.4 crore, a marginal increase of 0.47% compared to the previous fiscal year. The company also announced a ₹15,000 crore share buyback plan, signaling its commitment to returning value to shareholders.
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Wipro's financial performance may influence job stability and growth prospects within the IT sector, impacting employees and stakeholders.
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