Wipro Limited reported a modest net addition of 135 employees in the quarter ending March 31, 2026, bringing its total workforce to 242,156. This cautious hiring comes as India's fourth-largest IT services company navigates an uneven demand environment across various sectors.
A significant highlight from the quarter was the continued decline in voluntary attrition. On a trailing 12-month basis, Wipro's employee attrition rate eased to 13.8% in the March quarter. This marks a notable improvement from 14.2% recorded in the December quarter and 15.1% in the June quarter of the previous fiscal year.
Financial Performance Highlights
For the fourth quarter, Wipro's consolidated net profit rose by 12.27% to Rs 3,501.8 crore, compared to the preceding December quarter's Rs 3,119 crore. However, on a year-on-year basis, the net profit saw a slight dip of 1.9% from Rs 3,569.6 crore in the same period last year.
Revenue from operations for the quarter stood at Rs 24,236.3 crore, registering a growth of 7.69% compared to Rs 22,504.2 crore in the corresponding quarter of the previous financial year. Quarter-on-quarter, the top line grew by 2.88% from Rs 23,555.8 crore.
Workforce Utilization and Annual Growth
Workforce utilisation, a key metric indicating how efficiently the company deploys its talent pool, dipped slightly. Net utilisation, excluding trainees, was reported at 83.5% in Q4, a minor decrease from 83.1% in Q3 and 86.4% in Q2. Despite the cautious quarterly hiring, Wipro's headcount picture looks different over the full fiscal year. The company added approximately 8,810 employees over the fiscal year, growing from 233,346 people at the end of March 2025 to 242,156 by March 2026.