Synopsis: IT stock is in focus after its Q4FY26 results, with revenue from operations rising 7.6% YoY to ₹24,236 crore and 2.8% QoQ, while net profit declined 1.8% YoY to ₹3,522 crore but increased 11.9% QoQ, along with brokerage views on the results and operations.
The shares of the Large-Cap IT company specializing in digital transformation, Artificial Intelligence (AI), cloud computing, and cybersecurity are in focus following their Q4 results, and let’s also see the analyst’s views post their result.
With a market capitalization of Rs. 2,14,280.36 Crores on the Day’s Trade, the shares of Wipro Limited declined by 3.61 percent, reaching a low of Rs. 202.60 compared to its previous close of Rs. 210.20.
What Happened
Wipro Limited, engaged in digital transformation, Artificial Intelligence (AI), cloud computing, and cybersecurity, is in the spotlight today as it has announced its Q4 results and analysts’ views as follows:
Its Revenue from operations rose by 7.6 percent YoY from Rs. 22,504 Crores in Q4FY25 to Rs. 24,236 Crores in Q4FY26, and it rose by 2.8 percent QoQ from Rs. 23,556 Crores in Q3FY26 to Rs. 24,236 Crores in Q4FY26.
Its Net Profit YoY decreased by 1.8 percent from Rs. 3,588 Crores in Q4FY25 to Rs. 3,522 Crores in Q4FY26, and on a QoQ basis, it rose by 11.9 percent from Rs. 3,145 Crores in Q3FY26 to Rs. 3,522 Crores in Q4FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 3.34, compared to Rs. 3.41 in the previous year’s quarter.
Along with it, the Board approved a share buyback, subject to shareholder approval via postal ballot, for up to 60,00,00,000 equity shares (5.7% of equity) at Rs. 250 per share through a tender offer, with a total size not exceeding Rs. 150 billion, as per SEBI Buy-back Regulations and the Companies Act, 2013.
Additionally, the interim dividend of Rs. 11 per share declared in FY 2025–26 at the Board meetings held on July 17, 2025, and January 16, 2026, will be treated as the final dividend for the financial year 2025–26.
Other Updates & Outlook
The IT services segment reported revenue of $2,651 million, reflecting a 0.6% quarter-on-quarter and 2.1% year-on-year growth. Total bookings stood at $3,455 million, up 3.2% QoQ in constant currency terms, while large deal bookings surged 65.1% QoQ to $1,440 million. Voluntary attrition on a trailing twelve-month basis was recorded at 13.8%.
For the quarter ending June 30, 2026, the IT Services business segment is expected to report revenue in the range of $2,597 million to $2,651 million, indicating a sequential growth guidance of -2.0% to 0% in constant currency terms.
Brokerage Views on the company
Jefferies on Wipro
Jefferies maintains an Underperform rating on Wipro with a target price of Rs 180. The brokerage believes that the outlook for Q4 is below earlier estimates, with limited visibility on near-term growth. Demand conditions remain uneven, and the company is likely to see only modest improvement in revenue momentum. Overall growth expectations are subdued, reflecting uncertainty in key end markets and a slower-than-anticipated recovery.
The Harman acquisition provides some support to the medium-term growth profile by strengthening the portfolio and adding scale in connected technologies. However, overall margins are expected to remain rangebound, as integration costs and continued pressure on core segments may offset potential synergies in the near term.
Citi on Wipro
Citi maintains a Sell rating on Wipro with a target price of Rs 175, which is 16.7 percent downside from the previous close price. Brokerage says that the Q4 performance came in below expectations, and the Q1FY27 guidance is also disappointing, indicating a softer start to the new fiscal year.
As a result, FY27E and FY28E EPS estimates have been revised slightly lower. While the long-term structural story remains intact, the organic growth outlook continues to be challenged, with limited near-term catalysts to drive meaningful upside.
BofA on Wipro
BofA maintains an Underperform rating on Wipro with a target price of Rs 210. The brokerage says that the Q4 revenue came in below expectations, primarily driven by customer-specific issues that impacted near-term execution. The miss reflects timing and demand disruptions rather than broad-based deterioration, but it still weighs on overall performance.
The Q1 organic guidance is also weaker than anticipated, pointing to continued short-term pressure. However, the announced buyback could provide some support to sentiment and share price in the near term, even as fundamentals remain soft.
Morgan Stanley on Wipro
Morgan Stanley maintains an Underweight rating on Wipro and has cut the Target price to Rs 192 from Rs 242. Margan says that the Volatile macro conditions, along with company-specific challenges, are likely to keep revenue growth below that of peers in the near term. Q4 organic revenue growth and the Q1FY27 guidance both came in below expectations, reinforcing concerns around a slower demand recovery.
However, resilient margins and disciplined capital allocation should help cushion downside risk in absolute terms. Despite the weak growth outlook, the stock may still trade at a relative discount on P/E versus peers, reflecting the persistent uncertainty in the near-term earnings trajectory.
Company Overview & Others
Wipro Limited is a global information technology, consulting, and business process services company headquartered in Bengaluru, India. It was founded in 1945 and has grown from a small consumer goods business into one of India’s leading IT services firms. Today, Wipro provides services such as cloud computing, cybersecurity, digital transformation, artificial intelligence, and software development to clients across industries like banking, healthcare, retail, and manufacturing.
It operates in more than many countries and serves clients worldwide, including many Fortune 500 companies. The company is known for its focus on innovation, sustainability, and delivering end-to-end technology solutions that help businesses improve efficiency and modernize their operations.
The company demonstrates solid return metrics, with ROCE at 17.8% and ROE at 15.4%, indicating efficient capital deployment and healthy profitability. A conservative capital structure is also evident with a low debt-to-equity ratio of 0.23, suggesting limited financial risk and balance sheet strength.
Shareholder returns are attractive, supported by a dividend yield of 5.39%. The company has also maintained a healthy dividend payout ratio of 46.7%, reflecting a balanced approach between rewarding shareholders and retaining earnings for future growth.
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