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Wipro Ltd
| Audited Standalone Financial Results – Q4 & FY 2025-26
Report Source
⬤25th Jun 26
Summary : Wipro reports growth in FY26 revenue and profit, with strategic acquisitions and a significant share buyback.
Quarterly Report Analysis & Insights
Financial Disclosures
- Consolidated Employee benefits expense: ₹555,855 million (FY26).
- Consolidated Sub-contracting and technical fees: ₹107,668 million (FY26).
- Consolidated Total Expenses: ₹791,812 million (FY26).
- Consolidated Revenue from operations: ₹926,240 million (FY26).
- Consolidated IT Services revenue: ₹921,153 million (FY26).
- Consolidated IT Products revenue: ₹6,940 million (FY26).
- Consolidated Net cash from operating activities: ₹149,316 million (FY26).
- Consolidated Net cash used in investing activities: (₹33,423) million (FY26).
- Consolidated Net cash used in financing activities: (₹141,260) million (FY26).
- Consolidated Cash and cash equivalents at year-end: ₹105,555 million (FY26).
- Consolidated Total Assets: ₹1,414,077 million (March 31, 2026).
- Consolidated Total Equity: ₹882,692 million (March 31, 2026).
- Consolidated Total Liabilities: ₹531,385 million (March 31, 2026).
- Consolidated Paid up equity share capital: ₹20,977 million.
- Consolidated Reserves excluding revaluation reserves: ₹864,391 million.
- Both standalone and consolidated financial results are presented and audited.
Corporate Overview
- Global presence including India, UK, USA, Germany, Netherlands, Australia, Belgium, Canada, China, Denmark, France, Ireland, Israel, Italy, Kazakhstan, Luxembourg, Malaysia, Mexico, Norway, Peru, Philippines, Poland, Portugal, Romania, Saudi Arabia, Singapore, Slovakia, South Africa, Spain, Sweden, Thailand, UAE, Ukraine.
- Impact of new labor code implementation on employee benefits expense.
- Decline in revenue and earnings estimates led to impairment charges on intangible assets.
- Monitoring finalization of Central and State Rules for labor codes.
- IT Services: digital strategy, consulting, application development, cloud, analytics, business process services, research and development, hardware and software design.
- IT Products: value-added reseller of security, packaged and SaaS software for leading international brands.
- Global enterprises across various industries: Communication, Media, Networks, Technology Software and Gaming, Technology New Age, Health, Consumer, Banking and Financial Services, Energy, Manufacturing and Resources, Capital Markets and Insurance, Hi-tech.
- IT Services (Americas 1, Americas 2, Europe, APMEA)
- IT Products
- Acquisition of Mindsprint for USD 375 million, expected by June 30, 2026.
- Acquisition of Alpha Net Consulting contracts for USD 70.8 million, expected by June 30, 2026.
- Board approved equity share buyback of ₹150,000 million.
Risk Factors
- New labor code impacts employee benefits.
- Intangible asset impairment charges.
- Foreign exchange rate fluctuations.
- Increased employee benefits expenses.
Key Drivers
- Acquisition of Mindsprint for growth.
- Acquisition of Alpha Net Consulting contracts.
- Significant equity share buyback program.
- Strong operating cash flow generation.
Auditor’s Report
- Unmodified opinion on both standalone and consolidated financial results.
Board Commentary
- Interim dividend of ₹11 per equity share paid during FY26.
- Scheme of amalgamation for wholly owned subsidiaries approved by NCLT.
- Implementation of new labor codes impacting employee benefits.
- Bonus shares issued in 1:1 ratio during FY25.
- Approved equity share buyback of ₹150,000 million.
- Acquisition of Mindsprint for USD 375 million.
- Acquisition of Alpha Net Consulting contracts for USD 70.8 million.