- Wipro shares rose ahead of Q4 financial results announcement
- Board will consider standalone and consolidated earnings and a share buyback proposal
- Q4 revenue expected to grow 3% quarter-on-quarter with 16% rise in operating profit
Wipro Ltd. shares traded higher during early trade on Thursday ahead of the fourth quarter financial results. The board is set to consider and approve the standalone and consolidated March quarter earnings report after market close, along with final dividend for the financial year 2026. The company will be also considering a proposal to buy back equity shares.
The IT major is expected to report modest sequential growth in the March quarter, with margins seen improving on currency support and the absence of certain prior-quarter costs, even as underlying demand remains uneven.
Bloomberg estimates indicate a 3% quarter-on-quarter rise in revenue, while operating profit is seen up 16% and net profit up 11%. EBIT margin is expected to improve to 16.7% from 14.83% in the previous quarter. Wipro employee count is estimated at 242,017, with net additions of 9,218, while last12-month attrition is seen at 15.02%.
Moreover, analysts currently expect an FY26 dividend of Rs 10.56 per share. Estimates range from Rs 4 per share to Rs 17 per share.
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Wipro Share Price Movement
Wipro share price gained as much as 1.54% after market open to Rs 212.98 on the NSE, compared to a 0.7% advance in the benchmark Nifty 50. The total traded turnover stood at Rs 115 crore. The stock is down 14% in the last 12 months and 19% so far this year.
The scrip has ended higher in six out of the nine trading sessions so far this month.
Eleven out of 45 analysts tracking Wipro have a 'Buy' rating on the stock, 19 recommend 'hold' and 15 suggest a 'sell', according to Bloomberg data. The average of 12-month price targets is Rs 223 and indicates a potential upside of 5%.
ALSO READ: Wipro Dividend Announcement: Can The IT Giant Break Seven-Year Jinx?
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