Wipro Announces Audited Financial Results for March 2026, Details Strategic Acquisitions and Buyback Proposal
Wipro Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The financial results cover the three months ended March 31, 2026, and the full year ended March 31, 2026.The company's earnings and performance data provide insights into its key segments and global operations, alongside announcements of major strategic acquisitions and a shareholder buyback proposal.
Financial Highlights (Millions of Indian Rupees)
The financial results for the Standalone and Consolidated entities are detailed below.Audited Standalone Financial Results (Ind AS)
| Particulars | Three months ended March 31, 2026 | Year ended March 31, 2026 |
|---|---|---|
| Revenue from operations | 183,628 | 713,451 |
| Other income | 7,861 | 47,491 |
| Total Income | 191,489 | 760,942 |
| Total Expenses | 150,707 | 601,890 |
| Profit before tax | 40,782 | 159,052 |
| Profit for the period | 30,371 | 121,296 |
| Total comprehensive income for the period | 24,969 | 112,631 |
| Earnings per share (Basic, 3 months) | 2.9 | 11.59 (Year) |
Audited Consolidated Financial Results (Ind AS)
| Particulars | Three months ended March 31, 2026 | Year ended March 31, 2026 |
|---|---|---|
| Revenue from operations | 242,363 | 926,240 |
| Other income | 8,542 | 38,737 |
| Total Income | 250,905 | 964,977 |
| Total Expenses | 204,256 | 791,812 |
| Profit before tax | 46,676 | 173,422 |
| Profit for the period | 35,216 | 132,655 |
| Total comprehensive income for the period | 50,108 | 168,177 |
| Earnings per share (Basic, 3 months) | 3.34 | 12.6 (Year) |
Business Performance and Segment Revenue
The company is organized into IT Services and IT Products segments. Total revenue across both segments for the year ended March 31, 2026, was 928,093 million Indian Rupees.The revenue breakdown by IT Services Segment (in millions of Indian Rupees) shows the following performance across various Strategic Market Units (SMUs) for the year ended March 31, 2026:
| Segment | Three months ended March 31, 2026 | Year ended March 31, 2026 |
|---|---|---|
| Americas I | 79,844 | 305,571 |
| Americas 2 | 67,288 | 269,077 |
| Europe | 65,412 | 244,165 |
| APMEA | 27,623 | 102,340 |
| Total of IT Services | 240,167 | 921,153 |
| IT Products | 2,521 | 6,940 |
| Total Segment Revenue | 242,688 | 928,093 |
Strategic and Corporate Developments
Acquisitions and Mergers:- On April 5, 2026, the Company signed a definitive agreement to acquire Mindsprint, Olam Group's IT services arm, a provider of technology and digital transformation services, for a total consideration of USD 375 million. This acquisition is expected to conclude by the quarter ending June 30, 2026.
- Separately, on April 14, 2026, Wipro signed a definitive agreement to acquire select customer contracts of Alpha Net Consulting, a provider of enterprise software development, data engineering, and managed services, for a total consideration including earnouts of USD 70.8 million. This is also expected to conclude by the quarter ending June 30, 2026.
Shareholder Actions:
* The Board of Directors approved a proposal for a buyback of equity shares on April 16, 2026. This proposal allows the Company to purchase up to 600,000,000 equity shares of ₹ 2 each (representing 5.7% of the total number of equity shares). The buyback will be executed via a tender offer at a price of ₹ 250 per equity share, for an aggregate amount not exceeding ₹ 150,000.
Key Accounting Updates
- The Company confirmed that the audited standalone and consolidated financial results for the period are presented in compliance with the recognition and measurement principles laid down in the relevant Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS).
- During the year ended March 31, 2025, the company had concluded a bonus issue in the ratio of 1:1, allotting a total of 5,232,094,402 equity shares (including ADS) to shareholders.
- The company also noted that the implementation of the new labour code resulted in a net increase of ₹ 2,756 in the provision for gratuity and remeasurement of leave encashment, recognized as employee benefit expense in the current year.
WIPRO Stock Price Movement
Wipro Limited shares today edged higher, concluding the trading session at ₹210.26, marking a gain of 0.19%. The stock saw robust buying interest throughout the day, tallying a volume of 36.31 million shares.Source:
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