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Important names include Angel One, CRISIL, HDFC Life Insurance Company, and Waaree Renewable Technologies. The results are important to analyse how the companies fared in the fourth quarter and FY26. Some of the companies could also announce a dividend.
Wipro's net profit for the fourth quarter of FY26 went up over 13% sequentially, as per an exchange filing on Thursday.
The IT giant registered a consolidated bottom-line of Rs 3,522 crore, compared to Rs 3,145 crore in the previous quarter. Analysts on Bloomberg had estimated net profit at Rs 3,426 crore.
Revenue went up 3% to Rs 24,236 crore, compared to Rs 23,556 crore in Q3 of fiscal 2026, meeting analysts' estimate of Rs 24,252 crore.
It also announced a buy back of Rs 15,000 crore. Check Per Share Repurchase Price, Other Details here.
The American Depository Reciepts (ADRs) of Wipro Ltd. fell nearly 2%, after the IT major projected up to 2% degrowth in its IT services revenue for the April-June quarter of the current fiscal.
The ADRs were trading at $2.23 apiece at 9:44 am EST (7:16 pm IST), marking a decline of 1.98% as against the previous session's close.
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Aparna Iyer, Chief Financial Officer, said “We have continued to invest in our clients, capabilities and people and maintained our margins in narrow band. Our cash conversion continues to remain strong with operating cash flows at 112.6% of net income for FY’26. During the year we have returned substantial portion of our cash generated to shareholders in the form of dividend. Additionally, in our recently concluded board meeting, the Board of Directors announced buyback of ₹15,000 Cr at a price of ₹250, subject to shareholder approval.”
Alok Industries Q4 Result Highlights (Standalone, YoY)
Saurabh CHRO said:
Srini Pallia, CEO and Managing Director, said “Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale.”
Expect revenue from IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms.
Aparna CFO said:
Aparna CFO said:
Srini Pallia Chief Executive Officer (CEO) and Managing Director at Wipro said:
Wipro Q4 Results Highlights (Cons, QoQ)
EBIT rises 19.7% at Rs 4,181 crore versus Rs 3,491 crore.
EBIT Margin At 17.3% Vs 14.8%.
LTM Attrition At 13.8% In Q4.
Large Deal TCV At $1.4 Bn In Q4.
Wipro Q4 Results Highlights (Cons, QoQ)
HDFC Life Insurance Q4 Results Highlights (Cons, YoY)
TCS was able to maintain healthy margins despite a flat BFSI performance, largely through operational efficiency. Wipro's margins have historically been under pressure due to high leadership churt and integration costs.
But like other IT companies, Wipro has seen a stagnation in headcount, but whether or not this has led to a productivity gains thanks to implementation of AI remains to be seen.
Alongside the buyback decision, investors will track whether Wipro raises its dividend meaningfully for FY26.
Bloomberg estimates place FY26 dividend expectations at Rs 10.56 per share. The highest estimate among analysts tracked by Bloomberg stands at Rs 17 per share, while the lowest is Rs 4 per share.
The company paid Rs 6 per share for FY25.
The proposed buyback could be worth Rs 16,000 crore to Rs 18,500 crore, based on past trends, according to brokerages tracked by NDTV Profit.
Morgan Stanley kept an "Underweight" rating with a target price of Rs 242 and said the market had already been expecting a buyback.
"A potential buyback has been a move anticipated by the market," the brokerage said.
It estimated a buyback of about $2 billion, or roughly 8.5% of Wipro's current market capitalisation.
Angel One shares close 1.73% lower at Rs 292.61 per share ahead of earnings. This compares to 0.14% decline in Nifty 50 on Thursday. The shares of Angel One rose 3.95% in one week and 35.22% in one month. On year-to-date basis shares gained 23.97% and Angel One is up 24.51% in the last one year.
Unlike TCS, which generally avoids formal quarterly guidance, Wipro's forward-looking statements for the first quarter of FY27 will be a key monitorable.
The IT major has struggled with negative or flat sequential growth for several quarters now and the market is looking for guidance in the 1-3% range to signal that growth has bottomed out.
HDFC Life Insurance Company shares close 1.4% lower at Rs 631.5 per share ahead of earnings. This compares to 0.14% decline in Nifty 50 on Thursday. The shares of HDFC Life Insurance rose 6.65% in one week and 0.72% in one month. However, on year-to-date basis shares fell 15.94% and HDFC Life Insurance is down 11.95% in the last one year.
Most IT shares closed higher on Thursday ahead of Wipro results.
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Wirpo shares close 0.19% higher at Rs 210.15 per share ahead of earnings. This compares to 0.14% decline in Nifty 50 on Thursday. The shares of Wipro rose 3.59% in one week and 7.71% in one month. However, on year-to-date basis shares fell 21.4% and Wipro is down 15.14% in the last one year.
Shares of Waaree Renewables and Wipro shares closed higher ahead of Q4 results, whereas Angel One and HDFC Life Insurance shares closed lower.
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Perhaps the biggest takeaway from TCS' Q4FY26 earnings was the annualised AI revenue figure, which reached $2.3 billion. This was way higher than what the street was expecting and was an indicator that markets are now no longer 'interested' in AI but also demand realisation.
Wipro, to that end, has already committed over $1 billion to its 'ai360' ecosystem and investors will be keeping an eye on specific dollar figure or percentage of revenue derived from the company's AI-led transformation.
If Wipro fails to provide a concrete AI revenue metric similar to TCS, it runs the risk of being labelled as a laggard in this AI implementation era.
Infosys is set to announce Q4 results on April 23.
After TCS last week, Wipro is the secong big IT major to report its fourth quarter earnings, due later in the day. The market is patiently awaiting Wipro's Q4FY26 fineprint for a lot of reasons.
For one, it will mark as a referendum on the company's turnaround strategy under CEO Srini Pallia, who had taken over charge two years ago.
But beyond governance, Wipro earnings will be in focus as investors and market participants look for broad-based industry trends, especially after the robust benchmark that was set by TCS last week.
Wipro Ltd. heads into its April 16 results with a key test for investors: can the company finally match or beat Bloomberg dividend estimates after missing them for at least seven straight years, based on the data available on Bloomberg.
The company is set to announce its March-quarter results alongside a potential dividend and board's decision on share buyback. Bloomberg-tracked analysts currently expect an FY26 dividend of Rs 10.56 per share. Estimates range from Rs 4 per share to Rs 17 per share.
That record has put this year's payout under focus, especially after Wipro said it plans to distribute more than 70% of net income to shareholders between FY26 and FY28.
Wipro reported a 5.3% year-on-year (YoY) rise in consolidated total income to Rs 24,561 crore in Q3FY26 from Rs 23,323 crore in Q3FY25. Net profit declined 6.6% YoY to Rs 3,145 crore in Q3FY26 from Rs 3,366.7 crore in Q3FY25.
HDFC AMC board recommended a final Dividend of Rs 54 per equity share for the financial year ended March 31, 2026, subject to approval of the shareholders at the ensuing Annual General Meeting.
Shares of HDFC AMC traded lower after the March quarter results.
Goldman Sachs On Wipro Q4
Unlike TCS, which generally avoids formal quarterly guidance, Wipro's forward-looking statements for the first quarter of FY27 will be a key monitorable.
The IT major has struggled with negative or flat sequential growth for several quarters now and the market is looking for guidance in the 1-3% range to signal that growth has bottomed out.
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