Wipro Q4 Results Full Report: Misses Estimates! PAT Up 12% QoQ To Rs 3,502 Crore, Q1FY27 Guidance At -2% To 0%

Wipro Ltd. the fourth largest Indian tech player, missed estimates in its fourth quarterly earnings for FY26. The Azim Premji-backed Wipro reported a 1.9% decline in consolidated net profit on a year-on-year basis. Although, Q4 PAT surged by over 12% sequentially. The company has pegged its Q1FY27 revenue growth guidance to -2% to 0% unlike its rival TCS who usually avoids giving forward-looking estimates. Wipro missed market expectations in terms of profitability, revenue and margins.

Wipro Q4 Results Net Profit:

During Q4FY26, Wipro posted a consolidated revenue of Rs 3,501.8 crore, registering a decline of 1.9% compared to PAT of Rs 3,569.6 crore in Q4FY25. Meanwhile, Wipro's Q4FY26 PAT surged by 12.3% from net profit of Rs 3,119 crore in Q3FY26.

Wipro said if adjusted to the impact of labour code changes, then net income for the quarter under review stood at Rs 3,490 crore, which would squeeze the QoQ growth to 3.7%.

Furthermore, Wipro reported IT services operating margins at 17.3% in Q4FY26, which expanded by 0.2% QoQ but contracted by 0.2% YoY.

Wipro Q4 Results Revenue

Coming to the top-line front, Wipro posted a revenue of Rs 24,236.3 crore in Q4FY26, registering an increase of 2.9% sequentially and upside of 7.7% YoY. In terms of dollar, IT services segment revenue was at $2,651.0 million, increase of 0.6% QoQ and 2.1% YoY.

Wipro said, non-GAAP constant- currency IT Services segment revenue increased 0.2% QoQ and decreased 0.2% YoY.

Wipro Q4 Deal Bookings:

According to the filing, Wipro's total bookings came in at $3,455 million, higher by 3.2% QoQ in constant currency. Of the total, large deal bookings was at $1,440 million, increase of 65.1% QoQ in constant currency.

Aparna Iyer, Chief Financial Officer, said "We have continued to invest in our clients, capabilities and people and maintained our margins in narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY'26."

Iyer added, "During the year we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently concluded board meeting, the Board of Directors announced buyback of Rs 15,000 Cr at a price of Rs 250, subject to shareholder approval."

Wipro FY27 Guidance:

The company expects IT services business revenue 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.

Going ahead, 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 FY26 Earnings:

Here's how Wipro performed in FY26 overall:

- Gross revenue reached Rs 926.2 billion ($9.9 billion), an increase of 4.0% YoY.

- IT services segment revenue was at $10,478.1 million, a decrease of 0.3% YoY.

- Non-GAAP constant currency IT Services segment revenue decreased 1.6% YoY.

- Large deal bookings4 was at $7.8 billion, up by 45.4% YoY. Total bookings was at $16.4 billion, an increase of 14.0% YoY.

- IT services operating margin for the year was at 17.2%, up by 0.2% YoY.

- Net income for the year was at Rs 132.0 billion ($1,406.5 million), an increase of 0.5% YoY.