Shares of IT major Wipro Ltd. fell nearly 4% on Friday after the company reported a decline in fourth-quarter profit and issued subdued guidance for the current quarter. 

The stock declined 3.61% to ₹202.60 on the BSE while on the NSE it fell 3.69% to ₹202.50 in early trade. 

At 12.10 pm, shares of the company were trading at ₹204.60 apiece, down 2.66% on the BSE.  

Consolidated net profit

Wipro on Thursday posted a consolidated net profit of ₹3,501.8 crore for the March quarter of FY26, down 1.89% from ₹3,569.6 crore in the same period a year earlier. 

Revenue for the Bengaluru-based company rose 7.6% to ₹24,236.3 crore, compared with ₹22,504.2 crore in the year-ago quarter. 

For the quarter ending June 30, 2026, Wipro expects revenue from its IT services business to be in the range of $2.597 billion to $2.651 billion, implying sequential growth guidance of -2.0% to 0% in constant currency terms. 

Chief Executive Officer and Managing Director Srini Pallia said the company is operating in a challenging macroeconomic environment, which he described as a “new normal” shaped by geopolitical and policy disruptions. However, he added that overall IT spending has remained resilient. 

Subdued outlook

Addressing the muted outlook, Pallia said the softness was due to a specific client issue in the Americas and delayed ramp-ups in a deal pipeline. He also noted that the first quarter has historically been seasonally weaker for Wipro. 

In a boost for shareholders, Wipro’s board approved a ₹15,000 crore share buyback programme, proposing to repurchase up to 60 crore shares, or more than 5% of its equity, at ₹250 per share. The company announced its earnings after market hours on Thursday.