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Wipro Ltd

| Audited Standalone Financial Results for the Quarter and Year Ended March 31, 2026

Report Source

⬤16th Apr 26

Summary : Wipro reports strong revenue growth, strategic acquisitions, and a share buyback, despite decreased operating cash flow.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Employee benefits expense: 555,855 million (2026) vs 533,477 million (2025).
  2. Consolidated Sub-contracting and technical fees: 107,668 million (2026) vs 100,148 million (2025).
  3. Consolidated Total Expenses: 791,812 million (2026) vs 755,021 million (2025).
  4. Consolidated Revenue from operations: 926,240 million (2026) vs 890,884 million (2025).
  5. Consolidated IT Services Revenue: 921,153 million (2026) vs 888,224 million (2025).
  6. Consolidated IT Products Revenue: 6,940 million (2026) vs 2,692 million (2025).
  7. Consolidated Net cash from operating activities: 149,316 million (2026) vs 169,426 million (2025).
  8. Consolidated Net cash used in investing activities: (33,423) million (2026) vs (80,730) million (2025).
  9. Consolidated Net cash used in financing activities: (141,260) million (2026) vs (63,963) million (2025).
  10. Consolidated Payment for business acquisitions: (26,033) million (2026) vs (964) million (2025).
  11. Consolidated Payment of dividend: (115,206) million (2026) vs (62,750) million (2025).
  12. Consolidated Total Assets: 1,414,077 million (2026) vs 1,281,852 million (2025).
  13. Consolidated Total Equity: 882,692 million (2026) vs 825,779 million (2025).
  14. Consolidated Goodwill: 382,214 million (2026) vs 320,346 million (2025).
  15. Consolidated Cash and cash equivalents: 105,555 million (2026) vs 121,974 million (2025).
  16. Both standalone and consolidated financial results are presented and audited.

Corporate Overview

  1. Americas 1 (LATAM, US - Communication, Media & Networks, Technology Software & Gaming, Technology New Age, Health, Consumer)
  2. Americas 2 (Canada, US - Banking & Financial Services, Energy, Manufacturing & Resources, Capital Markets & Insurance, Hi-tech)
  3. Europe (UK, Ireland, Switzerland, Germany, Western Europe)
  4. APMEA (Australia, New Zealand, Southeast Asia, Japan, India, Middle East, Africa)
  5. Impact of new Labour Codes on employee benefits expense.
  6. IT Services: digital strategy, consulting, application design, cloud, mobility, analytics, R&D.
  7. IT Products: value-added reseller of security, packaged/SaaS software, hardware/software deliverables.
  8. Positive, focused on financial performance and strategic growth initiatives.
  9. Diverse industries including banking, healthcare, manufacturing, and technology.
  10. IT Services (Americas 1, Americas 2, Europe, APMEA)
  11. IT Products
  12. Acquisition of Mindsprint for USD 375 million (expected by June 30, 2026).
  13. Acquisition of Alpha Net Consulting contracts for USD 70.8 million (expected by June 30, 2026).
  14. Board approved share buyback program up to 150,000 million INR.

Risk Factors

  1. Operating cash flow decreased significantly.
  2. Increased financing cash outflow.
  3. New Labour Codes impact employee costs.
  4. Goodwill impairment remains a concern.

Key Drivers

  1. Strong IT Services revenue growth.
  2. Significant IT Products revenue increase.
  3. Strategic acquisitions expand market presence.
  4. Share buyback enhances shareholder value.

Auditor’s Report

  1. Unmodified opinion on Standalone Financial Results.
  2. Unmodified opinion on Consolidated Financial Results.

Board Commentary

  1. Interim dividend of 11 per equity share for FY26.
  2. Compliance with new Labour Codes and ongoing monitoring.
  3. Acquisition of Mindsprint (USD 375 million).
  4. Acquisition of Alpha Net Consulting contracts (USD 70.8 million).
  5. Share buyback program (up to 150,000 million INR).

Management Discussion & Analysis

Future Strategy

  1. Pursuing strategic acquisitions to expand service offerings.
  2. Implementing share buyback to enhance shareholder value.

Operational Focus Areas

  1. Ensuring compliance with new Labour Codes.
  2. Monitoring finalization of Labour Code rules.

Performance Drivers

  1. Strong revenue growth in IT Services across most SMUs.
  2. Significant increase in IT Products revenue.
  3. Strategic acquisitions contributing to future growth.

Risk Control Measures

  1. Monitoring Labour Code rules for compliance and impact.

Critical Risks

  1. Increased employee benefits expense due to Labour Codes.
  2. Potential for goodwill impairment (noted in previous periods).
Wipro Ltd (WIPRO) Quarterly Report Analysis & Insights | Dhanarthi