Executive Summary
The India BSE IT stream reflects a quiet session dominated by upcoming Q4/FY26 earnings announcements across key players like Infosys, LTIMindtree (LTM), Tech Mahindra, Cyient DLM, and Hexaware, clustered between April 21-23, 2026, with Wipro as the sole outlier releasing results showing modest revenue growth (Q4 +5.3% YoY standalone, +7.7% YoY gross; FY26 +4.0% YoY) but weakness in IT services (-0.2% YoY Q4, -1.6% FY26) and operating margins (-0.2% YoY to 17.3%). Wipro's proposed ₹15,000 Cr buyback (5.7% of equity at ₹250/share) signals strong capital allocation amid mixed sentiment from flat-to-negative Q1 FY27 IT services guidance (-2% to 0% QoQ CC). No insider trading or M&A activity noted; sentiment neutral across 8/10 filings, positive/mixed for Wipro. Portfolio-level trend: Revenue growth averaging ~5% YoY where reported (Wipro only), but sector faces IT services headwinds; upcoming earnings calls offer catalysts for guidance updates. Tech Mahindra's Analyst Day on Apr 22 adds visibility into AI capabilities. Implications: Investors eye peer reactions to Wipro's modest growth and buyback for relative outperformance.
Tracking the trend? Catch up on the prior BSE IT Technology Sector Regulatory Filings digest from April 09, 2026.
Investment Signals(11)
- Wipro↓(BULLISH)▲
Standalone Q4 revenue +5.3% YoY to ₹183,628M, FY26 +4.0% YoY to ₹713,451M; profit +3.9% YoY Q4 to ₹30,371M, +11.2% FY26 to ₹121,296M; EPS +3.6% YoY Q4
- Wipro↓(BULLISH)▲
Gross revenue Q4 +7.7% YoY/+2.9% QoQ to ₹242.4B; total bookings +3.2% QoQ to $3,455M CC, large deals +65.1% QoQ to $1,440M CC; FY26 large deals +45.4% YoY to $7.8B
- Wipro↓(BULLISH)▲
Proposed ₹15,000 Cr buyback of 60M shares (5.7% equity) at ₹250/share via tender offer, signaling management conviction in undervaluation
- Wipro↓(BULLISH)▲
FY26 total bookings +14.0% YoY to $16.4B CC, outperforming revenue growth and supporting pipeline strength
- Tech Mahindra↓(BULLISH)▲
Board meeting Apr 22, 2026 for Q4/FY26 results + final dividend recommendation; trading window closed until Apr 24, prior intimation shows governance discipline
- Infosys↓(NEUTRAL-BULLISH)▲
Q4/FY26 results Apr 23 at 3:45 PM IST, press conf 4:30 PM, earnings call 5:30 PM; workforce >330K across 63 countries underscores scale ahead of disclosure
- LTIMindtree (LTM)(NEUTRAL-BULLISH)▲
Earnings call Apr 23, 2026 at 19:00 IST with management Q&A; renamed LTM signals rebranding momentum
- Cyient DLM↓(NEUTRAL-BULLISH)▲
Earnings call Apr 21, 2026 at 6 PM IST with senior mgmt (Chairman, MD/CEO, CFO); early mover in earnings season
- Wipro↓(BEARISH)▲
Q4 IT services CC revenue -0.2% YoY, FY26 -1.6% YoY; operating margins -0.2% YoY to 17.3%; net income -1.9% YoY
- Wipro↓(BEARISH)▲
Q1 FY27 IT services guidance flat to -2.0% sequential CC ($2,597-2,651M), below consensus expectations post-Q4 weakness
- Hexaware↓(BEARISH)▲
Q1 CY26 results call May 7, 2026 at 8 AM IST; delayed vs peers may hide softer trends
Risk Flags(7)
- Wipro/Revenue Mix↓[HIGH RISK]▼
IT services CC revenue declined 0.2% YoY Q4 and 1.6% FY26, dragging overall growth despite gross revenue +7.7% YoY
- Wipro/Margins↓[MEDIUM RISK]▼
Q4 operating margins contracted 0.2% YoY to 17.3%, signaling cost pressures amid flat PBT +0.3% YoY
- Wipro/Guidance↓[HIGH RISK]▼
Q1 FY27 IT services outlook -2.0% to 0% QoQ CC, weakest in sector peers' historical guidance
- Tech Mahindra/Disclosure↓[MEDIUM RISK]▼
Results announcement Apr 22 but no metrics yet; trading window closed until Apr 24 heightens uncertainty
- Sector/Earnings Cluster[MEDIUM RISK]▼
6/10 companies announcing Q4/FY26 Apr 21-23; Wipro's mixed results (revenue +5% YoY but IT down) may pressure peers
- Hexaware/Timing↓[LOW-MEDIUM RISK]▼
Q1 CY26 call delayed to May 7 vs Apr peers, potential lag in reporting weaker trends
- Wipro/Buyback Dependency↓[MEDIUM RISK]▼
₹15,000 Cr buyback subject to shareholder approval via postal ballot; delay/rejection risks capital return
Opportunities(8)
- Wipro/Buyback↓(OPPORTUNITY)◆
₹15,000 Cr tender offer at ₹250/share (5.7% equity); accretive if shares trade below, supports EPS +11% FY26
- Wipro/Bookings↓(OPPORTUNITY)◆
Q4 large deals +65.1% QoQ/$1.44B CC, FY26 +45.4% YoY; outperforms revenue, signals turnaround in pipeline
- Infosys/Earnings Catalyst↓(OPPORTUNITY)◆
Results + call Apr 23; >330K workforce scale positions for outperformance vs Wipro's IT weakness
- Tech Mahindra/Analyst Day↓(OPPORTUNITY)◆
Apr 22 in-person walkthrough of AI Experience Centre pre-earnings; visibility into capabilities for re-rating
- LTIMindtree (LTM)/Call(OPPORTUNITY)◆
Apr 23 earnings call at 19:00 IST post-results; rebranding + management discussion opportunity for guidance beats
- Cyient DLM/Early Earnings↓(OPPORTUNITY)◆
Apr 21 call with top mgmt; first peer post-Wipro to benchmark sector growth/margins
- Wipro/Relative Value↓(OPPORTUNITY)◆
FY26 profit +11.2% YoY/EPS +11% despite revenue +4%; buyback enhances returns vs peers pre-earnings
- Hexaware/Webcast↓(OPPORTUNITY)◆
May 7 Q1 CY26 call with live Q&A; post-peer read-through from Apr cluster for undervalued entry
Sector Themes(6)
- Earnings Catalyst Cluster◆
70% of filings (7/10) flag Q4/FY26 results Apr 21-23 (Cyient Apr21, TechM Apr22, Infosys/LTM Apr23); high materiality (avg 5.5/10) sets sector tone post-Wipro's modest +5% YoY revenue
- Wipro Outlier Performance◆
Sole reporter shows revenue +4-7.7% YoY (standalone/gross) but IT services -0.2-1.6% YoY; peers' upcoming disclosures critical for confirming sector growth slowdown
- Capital Allocation Focus◆
Wipro's ₹15,000 Cr buyback (first major in sector this period) vs no dividends/buybacks elsewhere; trend toward returns amid flat guidance
- Guidance Caution◆
Wipro Q1 FY27 IT flat/-2% QoQ CC only forward data; implies sector margins pressure (Wipro -20 bps YoY), watch peer updates Apr 21-23
- Neutral Sentiment Dominance◆
8/10 filings neutral (materiality 4-8/10); Wipro positive/mixed lifts average, but no insider/M&A activity signals caution
- AI/Tech Visibility◆
Tech Mahindra's Apr 22 Experience Centre demo highlights AI service lines; potential theme if peers echo in earnings calls
Watch List(8)
Monitor postal ballot for ₹15,000 Cr approval; record date/execution post-shareholder nod [TBD 2026]
Apr 23, 5:30 PM IST for Q4/FY26 results/guidance; compare IT services vs Wipro's -1.6% FY26 YoY [Apr 23, 2026]
Board results Apr 22 + AI demo 2-5:15 PM IST; flag dividend/guidance changes [Apr 22, 2026]
- LTIMindtree (LTM)/Earnings👁
Q4/FY26 call Apr 23, 19:00 IST; watch rebranding impact, YoY trends vs Wipro [Apr 23, 2026]
Audited Q4/FY26 call Apr 21, 6 PM IST; early indicator for sector margins/bookings [Apr 21, 2026]
Results call May 7, 8 AM IST; relative performance post-Apr peer cluster [May 7, 2026]
IT services guidance -2-0% QoQ CC; track actuals in July call for execution vs outlook
Closed until Apr 24; watch insider activity post-results for conviction signals [Apr 24, 2026]
Filing Analyses(10)
16-04-2026
LTM Limited (formerly LTIMindtree Limited) has announced an Earnings Conference Call for Q4 and FY26 results on April 23, 2026, at 19:00 IST. The call will feature a management discussion on performance followed by a Q&A session, with participants required to register via the provided Zoom link. A recording and transcript will be available on the company's investor relations webpage.
- ·NSE Symbol: LTM
- ·BSE Scrip Code: 540005
- ·Registration Link: https://zoom.us/webinar/register/WN_7dU3VILEQtOxfYFUUBa80A
- ·Investor Relations Webpage: https://www.ltm.com/investors
- ·CIN: L72900MH1996PLC104693
16-04-2026
Cyient DLM Limited announced an earnings conference call scheduled for Tuesday, April 21, 2026, at 06:00 PM IST to discuss the audited financial results for the quarter and year ended March 31, 2026. Senior management, including Non-Executive Chairman Krishna Bodanapu, Managing Director & CEO Rajendra Velagapudi, and CFO Subramanian RM, will participate. Dial-in numbers and a pre-registration link via Diamond Pass (confirmation number 1378304) are provided for investors.
- ·Call timings: 08:30 AM New York, 01:30 PM London, 08:30 PM Hong Kong and Singapore.
- ·Dial-in numbers: +91 22 7115 8814 (India/Universal), 18667462133 (USA Toll Free), 08081011573 (UK Toll Free), 8001012045 (Singapore Toll Free), 800964448 (Hong Kong Toll Free).
- ·Company CIN: L31909TG1993PLC141346.
- ·Established: 1993.
16-04-2026
Hexaware Technologies Limited announced an investor/analysts video conference call for Q1 CY 2026 financial results (quarter ended March 31, 2026) on May 07, 2026, at 8:00 AM IST. The session offers webcast registration via https://hexaware-q1cy26-earnings-call-may-2026.open-exchange.net/ with live Q&A, dial-in options including toll-free numbers across multiple countries, and post-call availability of recording, investor presentation, and transcript on www.hexaware.com. No financial metrics were disclosed in this intimation.
- ·Webinar ID: 929 7554 5508; Password: 266701
- ·India dial-in: +91 22 71 279 525, +91 226 480 2722; Toll Free: 000 800 050 2340
- ·Filing reference: HEXT/SE/2026/36; Symbol: HEXT; Scrip Code: 544362
16-04-2026
Infosys Limited announced it will release its fourth quarter and annual financial results for the year ended March 31, 2026, on April 23, 2026, at 3:45 p.m. IST, followed by a press conference at 4:30 p.m. IST and an earnings conference call at 5:30 p.m. IST, both webcast live on the Investor Relations section of the company's website. No financial metrics or performance data were disclosed in this pre-announcement filing. The company noted its workforce exceeds 330,000 employees serving clients across 63 countries.
- ·Results announcement: 3:45 p.m. IST on April 23, 2026
- ·Press conference: 4:30 p.m. IST on April 23, 2026 (live webcast, archived after 6:30 p.m. IST)
- ·Earnings call: 5:30 p.m. IST on April 23, 2026 (60 minutes, open to investors/analysts, replay available until April 30, 2026)
16-04-2026
Tech Mahindra Limited has provided prior intimation that its Board of Directors will meet on Wednesday, 22nd April 2026, to consider audited standalone and consolidated financial results for Q4 and FY 2025-26, in addition to recommending a final dividend for FY 2025-26. The meeting schedule was previously intimated on 31st March 2026 for 21st-22nd April 2026. Trading window for designated persons remains closed until 24th April 2026.
- ·Scrip Code: 532755 (BSE); NSE Symbol: TECHM
- ·Pursuant to Regulation 29(1)(e) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- ·Company website: https://www.techmahindra.com/
16-04-2026
Wipro Limited's Board approved the audited standalone financial results for Q4 and FY26 ended March 31, 2026, showing revenue growth of 5.3% YoY to ₹183,628 million in Q4 and 4.0% YoY to ₹713,451 million for FY26, with profit rising 3.9% YoY to ₹30,371 million in Q4 and 11.2% YoY to ₹121,296 million for FY26. Profit before tax in Q4 was nearly flat YoY at ₹40,782 million (up 0.3%). EPS (basic) improved to ₹2.90 in Q4 (up 3.6% YoY) and ₹11.59 for FY26 (up 11.0% YoY).
- ·Auditor's report issued with unmodified opinion.
- ·Standalone results prepared under Ind AS; consolidated under Ind AS and IFRS also approved.
- ·Board meeting held April 15-16, 2026.
- ·National Company Law Tribunal approved merger scheme of subsidiaries on June 06, 2025.
16-04-2026
Wipro Limited's Board approved audited standalone and consolidated financial results for Q4 and FY26 ended March 31, 2026, showing revenue growth of 5.3% YoY to ₹183,628 million in Q4 (flat 1.95% QoQ from ₹180,169 million) and 4.0% YoY for FY26 to ₹713,451 million. The Board also proposed a buyback of up to 60,00,00,000 equity shares (5.7% of paid-up capital) at ₹250 per share for aggregate ₹1,50,00,00,00,000 (₹15,000 Crore), subject to shareholder approval, and re-appointed Ms. Tulsi Naidu as Independent Director for a second 5-year term from July 1, 2026.
- ·Board meeting held April 15-16, 2026.
- ·Re-appointment of Ms. Tulsi Naidu w.e.f. July 1, 2026, to June 30, 2031, subject to shareholder approval.
- ·Buyback via tender offer route from existing shareholders on proportionate basis, subject to special resolution via postal ballot.
- ·Promoters intend to participate in buyback.
- ·Auditor's report: clean opinion on standalone financial results under Ind AS.
16-04-2026
Wipro's Q4 FY26 gross revenue rose 2.9% QoQ and 7.7% YoY to ₹242.4 billion, with total bookings up 3.2% QoQ and large deal bookings surging 65.1% QoQ to $1,440 million in constant currency; FY26 revenue grew 4.0% YoY to ₹926.2 billion. However, IT services constant currency revenue declined 0.2% YoY in Q4 and 1.6% for FY26, operating margins contracted 0.2% YoY to 17.3% in Q4, net income fell 1.9% YoY, and Q1 FY27 IT services outlook is flat to -2.0% sequentially in constant currency. The board approved a ₹150 billion share buyback subject to shareholder approval.
- ·Q1 FY27 IT Services revenue guidance: $2,597 million to $2,651 million (-2.0% to 0% sequential constant currency)
- ·Large deal bookings Q4 FY26: $1,440 million (+65.1% QoQ constant currency); FY26: $7.8 billion (+45.4% YoY)
- ·Total bookings Q4 FY26: $3,455 million (+3.2% QoQ constant currency); FY26: $16.4 billion (+14.0% YoY)
- ·Buyback: up to 60,00,00,000 equity shares (5.7% of total paid-up equity share capital) at ₹250 per share
- ·Interim dividend of ₹11 declared in FY26 considered as final dividend for FY 2025-26
- ·Voluntary attrition: 13.8% on trailing 12-month basis
16-04-2026
Wipro Limited's Board of Directors, at their meeting held on April 15-16, 2026, approved the re-appointment of Ms. Tulsi Naidu (DIN: 03017471) as an Independent Director for a second term of 5 years, effective July 1, 2026, to June 30, 2031, subject to shareholder approval. This follows the completion of her first 5-year term ending June 30, 2026. No other outcomes from the board meeting were disclosed.
- ·Ms. Tulsi Naidu serves as Chairperson of Nomination and Remuneration Committee and member of Audit, Risk and Compliance Committee.
- ·Ms. Naidu is not debarred from holding the office of director by SEBI or any other authority.
- ·No relationships between directors disclosed.
- ·Board meeting commenced April 15, 2026 at 4 PM and concluded April 16, 2026 at 3:55 PM.
16-04-2026
Tech Mahindra Limited has scheduled an in-person Analyst Walkthrough and Demonstration of its new Experience Centre and capabilities across AI and other service lines on April 22, 2026, from 2:00 p.m. to 5:00 p.m. IST at Phase III, RGIP, Hinjewadi, Pune, ahead of the Analyst Day 2026 and Quarterly Earnings Meeting for Q4 and FY2026 starting at 5:15 p.m. IST onwards at the same venue. The company will announce audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, on the same day, with a press release and supporting documents available on its website; no unpublished price-sensitive information will be shared.
- ·Mode of attending: In-person (group meeting)
- ·Schedule subject to change due to exigencies
- ·Results announcement: Audited Standalone and Consolidated Financial Results for Q4 and FY2026 ended March 31, 2026
- ·Stock details: NSE Symbol TECHM, BSE Scrip Code 532755
- ·Investor relations contact: Gaurav.Sethi@TechMahindra.com
- ·Website: https://www.techmahindra.com/investors/
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