Wipro Q4 FY26 Results: PAT ₹3,502 Crore (+12% QoQ), Revenue +7.7%, ₹15,000 Crore Buyback at ₹250/Share Announced — Q1FY27 Guidance -2% to 0%

Fri Apr 17 2026

Wipro Limited — India’s fourth-largest IT services company — declared Q4 FY26 results post market hours on April 16, 2026. The headline numbers present a mixed picture: consolidated PAT of ₹3,501.8 crore surged 12.3% quarter-on-quarter from Q3’s ₹3,119 crore, but fell 1.9% year-on-year from Q4 FY25’s ₹3,570 crore. Revenue from operations grew a healthy 7.7% year-on-year and 2.88% sequentially to ₹24,236 crore. EBIT margin came in at 17.3% — down 30 basis points sequentially and 20 basis points year-on-year.

The headline grabber was the ₹15,000 crore buyback approved at ₹250 per share — 60 crore shares, representing 5.7% of total paid-up equity capital — subject to shareholder approval. This is Wipro’s largest buyback since the ₹12,000 crore exercise in April 2023, and at ₹250 offers a significant premium to the pre-announcement CMP of approximately ₹211. The company also declared a total FY26 dividend of ₹11 per share.

Q1 FY27 guidance was cautious: IT services revenue expected in the range of $2,597–$2,651 million, implying sequential growth of -2% to 0% in constant currency. Large deal TCV surged 65.1% sequentially to ₹11,952 crore — the strongest large deal quarter in recent memory — led by the 8-year Olam Group strategic transformation deal.

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Table of Contents

Wipro Q4 FY26 Results

Metric	Q3 FY26	Q4 FY25 (Base)	Q4 FY26 (Actual)
Revenue (IT Services USD)	$2,622 Mn (Q3)	$2,634 Mn (Q4 FY25)	$2,637 Mn (+0.1% YoY)
Revenue (INR Consol.)	₹23,556 Cr (Q3)	₹22,504 Cr (Q4 FY25)	₹24,236 Cr (+7.7% YoY)
EBIT Margin	17.6% (Q3)	17.5% (Q4 FY25)	17.3% (−0.2% YoY)
PAT (Consolidated)	₹3,119 Cr	₹3,570 Cr (Q4 FY25)	₹3,501.8 Cr (−1.9% YoY, +12.3% QoQ)
Large Deal TCV	₹7,242 Cr (Q3)	—	₹11,952 Cr (+65.1% QoQ)
FY26 Revenue (INR)	—	₹89,089 Cr (FY25)	₹92,620 Cr (+4.0% YoY)
Buyback	—	Last: ₹12,000 Cr (Apr 2023)	₹15,000 Cr @ ₹250/share
Dividend	—	₹6/share (Q3 interim)	₹11/share FY26 total

Source: Wipro BSE/NSE filing, audited Q4 FY26 results, Goodreturns, APAC Media — April 16, 2026.

The ₹15,000 Crore Buyback: What It Means

Wipro’s ₹15,000 crore buyback at ₹250 per share represents an approximately 18.5% premium to the pre-results CMP of ₹211. This is the company’s first buyback in three years and reflects confidence in cash generation — Wipro had ₹41,510 crore in cash as of December 31, 2025, the highest among India’s top five IT companies. The buyback is subject to shareholder approval through a postal ballot process. Under the buyback, Wipro will repurchase up to 60 crore shares (5.7% of outstanding equity), which will improve EPS for remaining shareholders by reducing the share count.

CEO Srini Pallia emphasised Wipro’s pivot to a “services-as-a-software model” through the AI Native Business & Platforms unit. The Olam Group deal — an 8-year, $1 billion+ strategic transformation — is the flagship of this repositioning and demonstrates Wipro’s capacity to win mega-deals in an AI-first environment.

Q1 FY27 Guidance: The Concern

The sequential guidance of -2% to 0% in constant currency for Q1 FY27 was below Street expectations, which had pencilled in flat to low positive growth. This cautious outlook — driven by macro uncertainty, US tariff headwinds, and continued softness in discretionary technology spending — was the primary concern for analysts on the post-results call. However, the strong large deal TCV of ₹11,952 crore in Q4 provides a backlog buffer that should begin converting to revenue from Q2 FY27 onwards.

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Analyst Ratings

Brokerage	Rating	Target	Key View
YES Securities	BUY/OP	₹310	AI-led transformation driving deal wins; buyback at premium positive for shareholders
HDFC Securities	ADD	₹225	Revenue trajectory improving; EBIT margin watch; Q1FY27 guidance cautious
Emkay Global	REDUCE	₹210	Olam deal positive long-term; near-term Q1 guidance weaker than expected
Kotak Institutional	NEUTRAL	₹240	Consistent capital return; buyback premium signals confidence; growth muted

Conclusion

Wipro’s Q4 FY26 results are mixed but with important positives. Revenue growth of 7.7% year-on-year is the best in several quarters. The ₹15,000 crore buyback at a substantial premium signals management’s conviction in the stock’s intrinsic value. Large deal momentum — up 65% sequentially — sets up a stronger FY27 H2 revenue pipeline. The negatives are the -1.9% YoY PAT decline and the cautious Q1 FY27 guidance. The AI-first pivot and Olam deal represent meaningful strategic bets that will take 2–3 years to translate into structural revenue growth. At current levels (₹211), the buyback at ₹250 provides a floor; the question is how quickly the large deal pipeline converts to revenue.

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Frequently Asked Questions

1. What was Wipro’s Q4 FY26 PAT?

Wipro reported consolidated Q4 FY26 PAT of ₹3,501.8 crore — up 12.3% quarter-on-quarter from ₹3,119 crore in Q3 FY26, but down 1.9% year-on-year from ₹3,570 crore in Q4 FY25. Adjusted for labour code changes, PAT was ₹3,490 crore.

2. What is Wipro’s Q4 FY26 revenue?

Wipro’s consolidated revenue from operations was ₹24,236 crore in Q4 FY26 — up 7.7% year-on-year from ₹22,504 crore and up 2.88% sequentially from ₹23,556 crore. IT Services USD revenue was approximately $2,637 million.

3. What is the Wipro buyback 2026 price and size?

Wipro’s board approved a buyback of up to 60 crore equity shares at ₹250 per share, for an aggregate amount not exceeding ₹15,000 crore. This represents 5.7% of paid-up equity capital and requires shareholder approval. The buyback price of ₹250 represents approximately 18.5% premium to the pre-announcement CMP.

4. What is Wipro’s Q1 FY27 revenue guidance?

Wipro guided Q1 FY27 IT services revenue in the range of $2,597–$2,651 million, implying sequential growth of -2% to 0% in constant currency. This was below Street expectations and reflects continued macro uncertainty and cautious client spending.

5. What was Wipro’s large deal TCV in Q4 FY26?

Wipro’s large deal Total Contract Value (TCV) in Q4 FY26 was ₹11,952 crore (approximately $1.4 billion) — up 65.1% sequentially. The Olam Group 8-year deal (committed $800 million+) was the flagship win of the quarter.

6. What dividend did Wipro declare for FY26?

Wipro declared a total FY26 dividend of ₹11 per equity share. This includes the interim dividend of ₹6 per share declared in Q3 FY26. The additional final dividend for FY26 amounts to ₹5 per share.

7. When do TCS announce Q4 results?

TCS declared Q4 FY26 results on April 9, 2026.

8. Should I participate in the Wipro buyback?

The Wipro buyback at ₹250 offers an approximately 18.5% premium to pre-announcement CMP. Tendering shares depends on your cost of acquisition, tax implications, and view on Wipro’s long-term prospects. Consult a SEBI-registered financial advisor before making any decision.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.