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WIPRO
td, India's fourth-largest IT services company, reported a mixed set of results for the fourth quarter ended March 31, 2026. While the company's net profit rose sharply on a sequential basis, revenue fell short of analyst expectations, reflecting ongoing cautious demand in the global IT sector.
Consolidated net profit for Q4 FY26 stood at Rs 3,502 crore, marking a 12.3% increase quarter-on-quarter from Rs 3,119 crore in the previous quarter. However, on a year-on-year basis, profit declined marginally by about 2%, compared to Rs 3,570 crore in Q4 FY25.
Consolidated revenue grew 2.9% sequentially to Rs 24,236 crore from Rs 23,556 crore in Q3. On an annual basis, revenue rose approximately 7-8% year-on-year. The topline, however, missed Street estimates, with analysts polled by CNBC-TV18 expecting higher figures.
Wipro’s IT services revenue came in at $2.65 billion, registering a modest 0.6% QoQ growth and 2.1% YoY growth. This was below the consensus estimate of $2.67 billion. In constant currency terms, sequential growth was largely flat at 0.2%, even as the company had guided for 0-2% sequential growth earlier.#WatchOutFor#StockInNews#Miscellaneous#MacroViews
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