Guidance ledger · Q4 FY26

Wipro Ltd WIPRO

4 revisions on record · 1 lowered · 2 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

↓ lowered IT services next-quarter sequential CC growth band Q3 FY26 → Q4 FY26

~~0% to 2.0% (Q4FY26 guide)~~ → minus 2% to 0% (Q1FY27 guide)

“In Q1, we are guiding for a sequential growth of minus 2% to 0% in constant currency terms”

↔ widened Operating margin framing - explicit anchor Q1 FY26 → Q4 FY26

~~17% to 17.5% explicit aspirational band~~ → narrow band in the medium term (no explicit number)

“our endeavour would be to maintain these margins in a narrow band in the medium term”

↑ raised Capital return - buyback decision Q1 FY26 → Q4 FY26

~~Buyback continues to remain an option~~ → INR15,000 crores buyback approved at INR250/share

“the Board of Directors have announced and approved a buyback of INR15,000 crores at a price of INR250 per share”

↑ raised 3-year payout ratio vs 70% policy minimum Q1 FY26 → Q4 FY26

~~minimum of 70% over a block of 3 years (target)~~ → about 88% (FY26 block actual)

“taking our total payout ratio for 3-year block ending FY26 to about 88%”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.