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Informist, Thursday, Apr. 16, 2026

 

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--Wipro Jan-Mar consol net profit INR 35.02 bln 
--Analysts saw Wipro Jan-Mar consol net profit at INR 35.11 bln 
--Wipro Jan-Mar consol revenue INR 242.36 bln 
--Analysts saw Wipro Jan-Mar consol revenue at INR 245.26 bln 
--Wipro Jan-Mar consol net profit INR 35.02 bln vs INR 31.19 bln qtr ago 
--Wipro Jan-Mar consol revenue INR 242.36 bln vs INR 235.56 bln qtr ago 
--Wipro FY26 consol net profit INR 131.97 bln vs INR 131.35 bln year ago 
--Wipro FY26 consol revenue INR 926.24 bln vs INR 890.88 bln year ago 
--Wipro to buy back shares worth INR 150 bln at INR 250 per share 
--Wipro sees Apr-Jun IT svcs sales (-)2% to 0% QoQ constant currency 
--Wipro sees Apr-Jun IT svcs sales between $2.597 bln and $2.651 bln 
--Wipro Jan-Mar IT services sales $2.65 bln vs $2.64 bln qtr ago 
--Wipro Jan-Mar IT services operating margin 17.3% vs 17.6% quarter ago 
--Wipro Jan-Mar large deal booking $1.44 bln vs $871 mln quarter ago 
--Wipro Jan-Mar operating cash flow INR 31.70 bln, down 15.3% on year 
--Wipro 12-month attrition 13.8% vs 14.2% quarter ago 
--Wipro total headcount 242,156 on Mar 31 vs 242,021 on Dec 31 
--Wipro Jan-Mar employee utilisation, ex trainees, at 83.5% vs 83.1% qtr ago 
--Wipro Jan-Mar BFSI sales down 1.3% QoQ in constant currency 
--Wipro Q4 energy, mfg sales up 1.1% on qtr in constant currency 
--Wipro Jan-Mar consumer sales up 1.7% on qtr in constant currency 
--Wipro Jan-Mar tech, comm sales up 5.3% on qtr in constant currency 
--Wipro Jan-Mar health sales down 4.4% on qtr in constant currency 
--Wipro Jan-Mar sales from Americas-1 up 0.3% on qtr in constant currency 
--Wipro Jan-Mar sales from Americas-2 down 2.6% QoQ in constant currency 
--Wipro Jan-Mar sales from Europe up 2% QoQ in constant currency 
--Wipro Jan-Mar total active customers 1,233 vs 1,272 qtr ago 
--Wipro Jan-Mar new customers 30 vs 92 quarter ago 

--Wipro Jan-Mar total bookings $3.46 bln vs $3.34 bln quarter ago 

 

By Ashutosh Pati

MUMBAI – Information technology major Wipro Ltd. Thursday reported sequential growth in its net profit for the March quarter, the first in 2025-26 (Apr-Mar), while marginally missing Street estimates. Wipro's top line also grew in the quarter but missed expectations. The company recorded its strongest bottom-line growth in 13 quarters. This was the third straight quarter of positive revenue growth for the company, after a decline in the June quarter.

The country's fourth-largest IT company by market capitalisation reported a consolidated net profit of INR 35.02 billion for the March quarter, up over 12% sequentially but down around 2% on year. This was just below analysts' expectations of INR 35.11 billion. The company's revenue for the reporting quarter grew around 3% sequentially and around 8% on year to INR 242.36 billion, but was well below Street estimates of INR 245.26 billion.

 

The company's net profit, adjusted for the labour code changes, was INR 34.9 billion, up around 4% from the trailing quarter, when it reported an adjusted net profit of INR 33.63 billion. Wipro's board has approved the buyback of shares worth INR 150 billion at INR 250 per share.

 

The company's IT services sales rose 0.6% sequentially and over 2.0% on year to $2.65 billion in the March quarter. The company reported an IT services operating margin of 17.3% for the quarter, down from 17.6% in the previous quarter. Wipro expects its revenue from the IT service business to be in the range of $2.597 billion to $2.651 billion in the June quarter. This translates to a sequential guidance of (-)2% to 0% in constant currency terms, the company said.

 

The IT major's employee benefit expenses rose 1% sequentially to INR 143.41 billion, marking the lowest sequential increase in 3 quarters. The company's total expenditure for the reporting quarter was steady sequentially at INR 204.26 billion, but was up around 8% on year. The company's costs related to subcontracting and technical fees grew 0.9% sequentially to INR 27.93 billion for the March quarter. Its depreciation, amortisation and impairment expenses for the quarter fell around 10% sequentially to INR 7.29 billion and software license expense for internal use rose around 2% on quarter to INR 5.81 billion.

 

"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," Srini Pallia, chief executive officer and managing director of the company, said in a release.

 

The company's large deal bookings for the March quarter were $1.44 billion, up over 65% from $871 million in the trailing quarter. Wipro's total bookings for the quarter rose to $3.46 billion from $3.34 billion in the previous quarter. Its operating cash flow for the quarter was INR 31.7 billion, down 15.3% on year. Wipro's employee utilisation, excluding trainees, for the reporting quarter rose to 83.5% from 83.1% in the trailing quarter.

 

The employee headcount as of Mar. 31 was 242,156, up from 242,021 at the end of the December quarter. The 12-month attrition rate was at 13.8%, down from 14.2% a quarter ago. The company's total number of active customers was 1,233 in the March quarter, down from 1,272 last quarter. It added 30 new customers in the March quarter, down from 92 in the previous quarter.

 

SEGMENTS, GEOGRAPHIES

Revenue from the company's largest segment — banking, financial services and insurance — fell 1.3% sequentially and 0.5% on year in constant currency terms in the March quarter. Revenue from its consumer segment, which contributed over 18% of total sales, rose around 1.7% on quarter but fell 2.9% on year in constant currency terms. Sales from the energy, manufacturing and resources segment of the company grew 1.1% sequentially but fell 5.9% on year in constant currency terms.

 

Its revenue from the technology and communications segment rose 5.3% sequentially and 10.4% on year in constant currency terms in the March quarter. However, sales from the health segment were down 4.4% sequentially and steady on year in constant currency terms.

 

For the March quarter, revenue from the company's Americas 1 operations grew 0.3% sequentially and 2.9% on year in constant currency terms. Its revenue from Americas 2 fell 2.6% sequentially and 6.7% on year in constant currency terms. Americas 1 includes the entire business in Latin America and certain sectors in the US, such as communications, media and information services, software and gaming, new age technology, healthcare, and consumer goods. Americas 2 includes the entire business in Canada and banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech sectors in the US.

 

Sales from the company's operations in Europe grew 2% sequentially but were steady on year in constant currency terms. Its sales from the Asia Pacific, Middle East and Africa region rose 3.1% on quarter and 8.8% on year in constant currency terms.

 

FY26

For the full year, Wipro reported a consolidated net profit of INR 131.97 billion, up 0.5% from INR 131.35 billion a year ago. Its revenue in FY26 rose 4% on year to INR 926.24 billion.

 

Wipro announced its March quarter earnings after market hours. Shares of the company closed 0.2% higher at INR 210.26 on the National Stock Exchange.  End

 

US$1 = INR 93.19

 

Edited by Saji George Titus

 

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