Summary:
A ₹15,000 crore share buyback is being planned by Wipro Ltd, which is the firm’s first such exercise after almost three years; the last buyback was executed in June 2023. The company intends to purchase not more than 60 crore fully paid-up equity shares worth 5.7% of the total paid-up equity share capital.
The fixed buyback price is ₹250 per share, which gives a premium of about 19% to the closing price of ₹210.15 recorded on Thursday. The buyback will be done via the tender offer route. Promoters, along with the promoter group, are interested in participating in the exercise.
According to the December quarter shareholding pattern, promoters held 72.6% of the company’s shares.
Wipro conducted a ₹12,000 crore buyback operation from June 22nd to 30th in the month of June 2023. During this time period, Wipro bought back 26.96 crore shares worth 4.91% of the equity shares, each costing ₹445. The previous buyback price is not revised, considering the bonus issue in December 2024 at par value.
In addition to the news about the buyback, Wipro disclosed its quarterly results for Q4 FY26. The firm registered a consolidated net profit of ₹3,501.8 crore, marking a 1.89% decrease from ₹3,569.6 crore seen in the corresponding quarter a year ago. But sequentially, net profit was up by 12.27%.
On the other hand, revenue from operations was ₹24,236.3 crore, which showed an annual growth rate of 7.69% against ₹22,504.2 crore recorded in the previous quarter.
Wipro forecasts that its revenue for the next quarter ending June 2026 from its IT services business will fall between $2,597 million and $2,651 million, which represents sequential growth of (-2%) to 0% in constant currency.
Shares of Wipro ended Thursday’s session 0.19% higher at ₹210.15. Despite the marginal gain, the stock has declined more than 20% so far in 2026.
Ahead of the earnings announcement, the stock settled at ₹201.15 on the NSE, up 0.19%. During the day, it traded with an open of ₹212.98, a high of ₹212.98 and a low of ₹208.21.
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