WIT WIPRO LTD
Price Chart
Executive Summary
Wipro's FY2026 20-F shows total revenue up 4.17% to INR 928,093 million, but IT Services constant-currency revenue declined 1.6%. Operating margin slipped 68 bps to 16.30%. Profit attributable to equity holders was flat at INR 131,974 million. The annual filing is largely a backward-looking compilation with no material new disclosure relative to known quarterly results. The activist/6K amplifier cross-filing signal is triggered by the concurrent buyback process, but the 20-F itself is a routine annual report with modestly negative underlying trends.
Actionable Insight
The 20-F confirms Wipro's ongoing revenue pressure in constant-currency terms and margin erosion despite a large deal TCV surge. The buyback at a 15.22% premium to 60-day VWAP provides downside support for ADS. Watch the upcoming Mindsprint acquisition close (US$375M) and the buyback tender process starting June 5 record date. The constant-currency decline is bearish for organic growth trajectory, but the buyback mechanism is a meaningful cash return event.
Key Facts
- Total revenue for fiscal year ended March 31, 2026 increased 4.17% to INR 928,093 million, but IT Services segment constant-currency revenue declined 1.6% year-over-year.
- Operating margin fell from 16.98% to 16.30%, with gross margin down 136 bps.
- Profit attributable to equity holders essentially flat at INR 131,974 million vs INR 131,354 million.
- Cash and cash equivalents plus short-term investments stood at INR 543,235 million as of March 31, 2026.
- The board approved a buyback of up to 60 crore equity shares at INR 250/share (aggregate up to INR 15,000 crore) on April 16, 2026, with shareholder approval obtained May 21, 2026.
- IT Services large deal TCV order booking increased 45.8% to US$7,829 million in FY2026.
- Effective tax rate decreased from 24.45% to 23.51%.
Financial Impact
IT Services constant-currency revenue declined 1.6% YoY; operating margin declined 68 bps to 16.30%; gross margin declined 136 bps to 29.30%; net profit essentially flat at INR 131,974 million.
Risk Factors
- IT Services constant-currency revenue contraction of 1.6% signals organic weakness despite large deal wins.
- Gross margin compression of 136 bps on a reported revenue rise suggests ongoing cost headwinds and mix pressure.
- Restructuring costs of INR 5,139 million and past-service-cost of INR 2,756 million dragged on operating income.
Market Snapshot
Documents Analyzed
This report is based on 10 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001193125-26-253514 |
| Document: wit-ex1_2.htm | 0001193125-26-253514 |
| Document: wit-ex11_1.htm | 0001193125-26-253514 |
| Document: wit-ex12_1.htm | 0001193125-26-253514 |
| Document: wit-ex12_2.htm | 0001193125-26-253514 |
| Document: wit-ex13_1.htm | 0001193125-26-253514 |
| Document: wit-ex15_1.htm | 0001193125-26-253514 |
| Document: 0001193125-26-253514-index-headers.html | 0001193125-26-253514 |
| Document: 0001193125-26-253514-index.html | 0001193125-26-253514 |
| Document: 0001193125-26-253514.txt | 0001193125-26-253514 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $2.10 awaiting T+1 | awaiting T+1 | — | $2.20 (+5.01%) |
|
Jun 9, 2026
3d ago
|
6-K
| $2.15 awaiting T+1 | awaiting T+1 | — | $2.20 (+2.33%) |
|
Jun 2, 2026
10d ago
|
20-F
| $2.13 $2.07 | ▼ −2.82% | ▼ −3.22% | $2.20 (+3.29%) |
|
May 22, 2026
21d ago
|
6-K
| $2.06 $2.05 | ▼ −0.49% | ▼ −0.44% | $2.20 (+6.80%) |
|
Apr 22, 2026
7w ago
|
6-K
| $2.03 $2.04 | ▲ +0.49% | ▼ −0.29% | $2.20 (+8.37%) |
|
Apr 21, 2026
7w ago
|
6-K
| $2.11 $2.03 | ▼ −3.79% | ▼ −3.40% | $2.20 (+4.27%) |
|
Apr 17, 2026
8w ago
|
6-K
| $2.14 $2.13 | ▼ −0.47% | ▲ +0.19% | $2.20 (+2.80%) |
|
Apr 17, 2026
8w ago
|
6-K
| $2.19 $2.14 | ▼ −2.28% | ▼ −2.09% | $2.20 (+0.46%) |
|
Apr 8, 2026
9w ago
|
6-K
| $2.26 $2.17 | ▼ −3.98% | ▼ −3.92% | $2.20 (−2.65%) |
|
Apr 6, 2026
9w ago
|
6-K
| $2.25 $2.25 | · 0.00% | ▼ −2.54% | $2.20 (−2.22%) |
US Market Status
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