Wipro Ltd

Wipro announced a strategic partnership with Kongsberg Digital, a global leader in advanced engineering and industrial digitalization, to jointly deploy next‑generation AI‑powered Digital Twin solutions for the Energy & Utilities Sector. The collaboration brings together Wipro's consulting-led approach and its AI-powered Wipro Intelligence' solutions - Industrial-AssetsAI and UpstreamAI - with Kongsberg Digital's Industrial Work Surface solution. Together, Wipro and Kongsberg Digital will enable more reliable, efficient, and safer operations across complex asset networks. 'At the core of this collaboration is a shared vision to rethink how industrial intelligence is designed and applied,' said Srikumar Rao, Managing Partner and Global Head of Engineering, Wipro Limited. 'By combining our deep domain expertise in Energy & Utilities and the relevant Wipro Intelligence' solutions with Kongsberg Digital's digital twin platform, we are bringing AI, engineering, and operational insight together. This will enable enterprises to embed autonomy into their operations, allowing them to anticipate change, navigate complexity, and build resilience at scale.' Together, Wipro and Kongsberg Digital will provide organizations with a unified environment that brings together physics‑based engineering models, real‑time operations, and enterprise AI. Once deployed, the joint offering will function as a digital twin that reflects real‑time conditions across plants, grids, and distributed assets. By combining simulation, data, AI, and automation in one integrated framework, Wipro and Kongsberg Digital can help organizations simplify digital transformation and strengthen operational resilience. As part of the agreement, Wipro and Kongsberg Digital will advance a joint roadmap to scale AI‑powered digital twin capabilities across Energy & Utilities environments, helping asset‑intensive organizations accelerate innovation, strengthen operational resilience, and deliver sustained improvements in performance, safety, and sustainability.

Wipro has allotted 3,41,897 equity shares under ADS Restricted Stock Unit Plan 2004 and 37,984 equity shares under the Restricted Stock Unit Plan 2007 on 21 April 2026, pursuant to exercise of ESOPs.

The IT major has reported 12% increase in consolidated net profit to Rs 3,521.6 crore on a 2.9% rise in revenue from operations to Rs 24,236.3 crore in Q4 FY26 as compared with Q3 FY26. On a year-on-year (YoY) basis, the company's consolidated net profit declined 1.9% while revenue from operations increased 7.70% in March 2026 quarter. Profit before tax (PBT) stood at Rs 4,667.6 crore in Q4 FY26, up 12.9% QoQ but down 1.6% YoY. In dollar terms, Wipro's gross revenue for Q4 FY26 stood at $2,583 million, registering a decline of 1.5% QoQ and 1.9% YoY. In constant currency terms, the company's revenue is higher by 0.2% on a sequential basis. IT services segment revenue was at $2,651.0 million in Q4 FY26, which is growth of 0.6% QoQ and 2.1% YoY. IT services operating margin for Q4 FY26 was 17.3% as against 17.6% in Q3 FY26 and 17.5% in Q4 FY25. Total bookings stood at $3,455 million in Q4 FY26, up 3.6% QoQ but down 12.6% YoY. Large deal bookings for Q4 FY26 were $1,440 million as compared to $871 million in Q3 FY26 and $1,763 million in Q4 FY25. The company said that its closing employee count was 242,156 at the end of Q4 FY26. Voluntary attrition was at 13.8% on a trailing 12-month basis. For FY26, Wipro has recorded net profit and revenue of Rs 13,265.5 crore (up 0.4% YoY) and Rs 92, 624 crore (up 4% YoY), respectively. Looking ahead, the company said that it expects revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. Wipro's board has approved a buyback proposal for purchase of up to 60 crore equity shares, which 5.7% of total paid-up equity share capital of the company, from the shareholders of the company. The shares would be bought back on a proportionate basis by way of a tender offer at a price of Rs 250 per equity share for an aggregate amount not exceeding Rs 15,000 crore. As per media reports, Wipro's March quarter earnings drew a sharp reaction from a global research house, which called the performance weak and guidance lacklustre, even as the company's US-listed ADRs fell nearly 3% post results. The brokerage said Wipro's fourth-quarter numbers missed expectations on multiple fronts: revenue growth came in at just 0.2% quarter-on-quarter in constant currency terms, near the lower end of guidance. The key concern was the company's outlook for the June quarter. Wipro guided for revenue growth in the range of 0% to -2% quarter-on-quarter in constant currency, which the brokerage reportedly termed weaker than expected. Notably, the guidance already factors in contributions from recent deals and acquisitions, implying that the underlying organic business could decline further, raising concerns about near-term growth visibility. The research house has also reportedly flagged a slowdown in deal momentum. Total bookings declined 11% YoY in constant currency, with large deal bookings falling 20% and non-large deals down 15%, indicating continued pressure on discretionary IT spending. The brokerage has reportedly maintained an 'underperform' rating on the stock, with a price target of Rs 180, implying a potential downside of 14.4% from the scrip previous closing price of Rs 210.20. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs.

The board of Wipro has approved buyback of up to 60,00,00,000 equity shares of Rs 2 each (being 5.7% of total paid-up equity share capital) from the shareholders of the Company at a price of Rs 250 per equity share for an aggregate amount not exceeding Rs 15,000 crore.

Net profit of Wipro declined 1.90% to Rs 3501.80 crore in the quarter ended March 2026 as against Rs 3569.60 crore during the previous quarter ended March 2025. Sales rose 7.70% to Rs 24236.30 crore in the quarter ended March 2026 as against Rs 22504.20 crore during the previous quarter ended March 2025. For the full year,net profit rose 0.47% to Rs 13197.40 crore in the year ended March 2026 as against Rs 13135.40 crore during the previous year ended March 2025. Sales rose 3.97% to Rs 92624.00 crore in the year ended March 2026 as against Rs 89088.40 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales24236.3022504.20 8 92624.0089088.40 4 OPM %20.2620.55 -19.2320.23 - PBDT5396.105464.70 -1 20252.9020453.60 -1 PBT4667.604743.00 -2 17342.2017495.70 -1 NP3501.803569.60 -2 13197.4013135.40 0 Powered by Capital Market - Live

On a year-on-year (YoY) basis, the company's consolidated net profit declined 1.9% while revenue from operations increased 7.70% in March 2026 quarter. Profit before tax (PBT) stood at Rs 4,667.6 crore in Q4 FY26, up 12.9% QoQ but down 1.6% YoY. In dollar terms, Wipro's gross revenue for Q4 FY26 stood at $2,583 million, registering a decline of 1.5% QoQ and 1.9% YoY. In constant currency terms, the company's revenue is higher by 0.2% on a sequential basis. IT services segment revenue was at $2,651.0 million in Q4 FY26, which is growth of 0.6% QoQ and 2.1% YoY. IT services operating margin for Q4 FY26 was 17.3% as against 17.6% in Q3 FY26 and 17.5% in Q4 FY25. Total bookings stood at $3,455 million in Q4 FY26, up 3.6% QoQ but down 12.6% YoY. Large deal bookings for Q4 FY26 were $1,440 million as compared to $871 million in Q3 FY26 and $1,763 million in Q4 FY25. The company said that its closing employee count was 242,156 at the end of Q4 FY26. Voluntary attrition was at 13.8% on a trailing 12-month basis. For FY26, Wipro has recorded net profit and revenue of Rs 13,265.5 crore (up 0.4% YoY) and Rs 92, 624 crore (up 4% YoY), respectively. Looking ahead, the company said that it expects revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. Wipro's board has approved a buyback proposal for purchase of up to 60 crore equity shares, which 5.7% of total paid-up equity share capital of the company, from the shareholders of the company. The shares would be bought back on a proportionate basis by way of a tender offer at a price of Rs 250 per equity share for an aggregate amount not exceeding Rs 15,000 crore. The buyback price represents a premium of 19.2% as compared with the scrip's closing price of Rs 209.80 recorded on Thursday (16 April 2026). Srini Pallia, CEO and managing director, said: 'Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale.' Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The scrip had gained 0.19% to end at Rs 210.20 on the BSE today.

Wipro through its subsidiaries, has signed a definitive agreement on 14 April 2026 to acquire select customer contracts of Alpha Net Consulting LLC and its subsidiaries for a purchase consideration of up to USD 70.8 million. The business acquisition will enable Wipro's access to certain key clientele, their customer contracts as well as the related workforce, which will augment Wipro's existing AIpowered, and Consulting-led application services capabilities, thus helping drive new growth opportunities. The transaction is expected to be completed by 30 June 2026. Wipro is acquiring certain customer contracts from the Alpha Net Group, which was founded in 2001 and is headquartered in Santa Clara, California, USA with additional presence in Singapore, India, UK, and Netherlands. The Alpha Net Group provides enterprise software development, data engineering, and managed services for global clientele in an AI-first world.

In addition, the IT major is also scheduled to announce its financial results for the fourth quarter ended March 2026 on 16 April 2026. Following the results announcement, the company will host a conference call during which the senior management will discuss the quarterly performance and address queries from analysts. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The company reported a 3.92% decline in consolidated net profit to Rs 3,119 crore despite a 3.78% jump in revenue from operations to Rs 23,555.8 crore in Q3 FY26 over Q2 FY26. The scrip shed 0.86% to Rs 201.15 on the BSE.

In addition, The IT major is also scheduled to announce its financial results for the fourth quarter ended 31 March 2026 on 16 April 2026. Following the results announcement, the company will host a conference call during which the senior management will discuss the quarterly performance and address queries from analysts. Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. The company reported a 3.92% decline in consolidated net profit to Rs 3,119 crore despite a 3.78% jump in revenue from operations to Rs 23,555.8 crore in Q3 FY26 over Q2 FY26. The counter shed 0.20% to end at Rs 202.90 on the BSE.

Wipro (through its subsidiaries) has signed a definitive agreement to acquire 100% shareholding in Mindsprint and its subsidiaries on 05 April 2026. The transaction is expected to close by 30 June 2026 and involves a purchase consideration of USD 375 million. The agreement forms part of Wipro's engagement with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore. Mindsprint is Olam Group's IT services arm. Headquartered in Singapore and founded in 2007, Mindsprint provides technology and digital transformation services across enterprise applications, data & analytics, digital platform engineering, customer experience, cloud & infrastructure, cybersecurity, and business process services. Mindsprint has a global workforce of 3,200+ employees across India, Singapore, US, UK and Middle East. Mindsprint has strong Food and Agri-business domain experience, supply chain transformation capabilities, and proprietary IP-driven solutions.