Financial Performance Overview
Wipro Limited reported consolidated financial results for FY26 with revenue of ₹926.24 billion (4% growth YoY) and net profit of ₹132.66 billion. The IT Services segment contributed ₹919.30 billion to revenue, while IT Products accounted for ₹6.94 billion. Key financial metrics included debt-equity ratio of 0.13 times, return on equity of 19.08%, and cash equivalents of ₹105.56 billion. The company maintained strong operational performance with operating margin of 17.2% and operating cash flow to net income ratio of 112.6%.
Corporate Actions and Capital Structure
The Board approved a ₹150 billion share buyback program to purchase 600 million shares at ₹250 per share, approved by shareholders on May 21, 2026. The company paid dividends totaling ₹11 per share (₹5 interim in July 2025 and ₹6 interim in January 2026) with record dates of July 28, 2025 and January 27, 2026 respectively. The 80th Annual General Meeting is scheduled for July 15, 2026 via video conferencing, with agenda items including adoption of financial statements, dividend confirmation, and re-appointment of Mr. Azim H. Premji as director.
Strategic Acquisitions and Business Developments
Wipro completed several significant acquisitions including Harman Digital Transformation Solutions (DTS) for ₹34.04 billion in December 2025, Applied Value Technologies for ₹2.84 billion, and Aggne Global Inc. for ₹5.53 billion. Post-reporting period, the company acquired Mindsprint for approximately ₹31.5 billion and additional stakes in Aggne. The NCLT approved the merger of five wholly-owned subsidiaries with Wipro Limited effective April 1, 2025, streamlining the corporate structure.
ESG and Sustainability Performance
The company demonstrated strong ESG performance with 92% reduction in Scope 1 and 2 emissions from FY17 baseline, 94% renewable electricity sourcing, and 98% waste recycling. Workforce data showed 246,990 total employees with 37.3% female representation and 2,537 differently abled employees. The Business Responsibility and Sustainability Report detailed comprehensive metrics including energy consumption of 702,499,588.61 MJ (89.2% renewable), water withdrawal of 1,261,223 kiloliters, and GHG emissions of 8,075.06 tCO2e for Scope 1-2.
Corporate Governance and Compliance
Board composition included 9 directors (2 executive, 6 independent, 1 non-executive non-independent) with 22.22% female representation. Director remuneration totaled ₹709.26 million, with Srinivas Pallia receiving ₹496.41 million including stock options. The company implemented India's new Labour Codes effective November 21, 2025, resulting in ₹2.76 billion additional employee benefit expenses for gratuity and leave encashment provisions. CSR spending of ₹2.27 billion exceeded the statutory obligation by ₹970 million, focused on education and healthcare programs benefiting over 1 million people.
Related Party Transactions and Contingencies
Related party transactions included ₹113 billion in sales to subsidiaries, ₹78.69 billion in dividends paid to promoter entities, and ₹11.06 billion in dividends received from subsidiaries. Contingent liabilities included income tax disputes of ₹104.61 billion and other tax disputes of ₹20.73 billion. The company provided corporate guarantees of ₹84.83 billion and maintained investments in associates/joint ventures with carrying value of ₹2.13 billion.
Regulatory Compliance and Shareholder Information
Wipro complied with all SEBI listing requirements and Companies Act provisions. The scrutinizer for AGM voting was appointed as M/s. V. Sreedharan & Associates. Investor complaints totaled 994 during FY26 with only 10 pending at year-end. Unclaimed dividends of ₹2.64 million and fractional share proceeds of ₹0.87 million were transferred to IEPF. The company maintained robust internal controls with unqualified audit opinion from Deloitte Haskins & Sells LLP.