Wipro share price slumps nearly 4% after Q4 results. Should you buy, sell or hold?(REUTERS)Wipro share price slumped almost 4% on Friday, April 17, following the IT giant's reported consolidated net profit of ₹3,501.8 crore for the March quarter of FY26, which reflects a decline of 1.89% compared to ₹3,569.6 crore from the previous year.
The profit decrease occurs amid a tough macroeconomic climate, which Wipro's CEO and MD, Srini Pallia, referred to during the earnings call as the "new normal," characterized by geopolitical and policy challenges; however, he pointed out that overall IT spending has remained resilient.
Wipro's board has also sanctioned a massive ₹15,000 crore share buyback program, aiming to repurchase more than 5% of its equity, or up to 60 crore shares, from shareholders at a price of ₹250 per share.
The Bengaluru-based Wipro reported a year-on-year revenue growth of 7.6%, reaching ₹24,236.3 crore in Q4 FY26, up from ₹22,504.2 crore in the same quarter last year. Compared to the previous quarter, the company experienced increases of 12.2% in profit and 2.8% in revenue.
The core IT Services division generated revenue of $2,651 million during this quarter, showing a 0.6% growth from the previous quarter and a 2.1% increase compared to the same period last year.
For the upcoming quarter ending June 30, 2026, Wipro has projected IT Services revenue to be between $2,597 and $2,651 million, suggesting a sequential growth forecast of -2.0% to 0% in constant currency terms.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.
At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors.
Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation.
Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.