Wipro Initiates ₹15,000 Crore Share Buyback Programme

Wipro Announces ₹15,000 Crore Share Buyback

On Thursday, April 16, IT services major Wipro announced a share buyback worth ₹15,000 crore, along with its financial results for the quarter ended March 30, 2025. The company's board approved the proposal to buyback up to 60,00,00,000 fully paid-up equity shares, representing 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore, subject to approval of the shareholders of the company.

The buyback price has been fixed at ₹250 per share, signaling a near 19% premium over the last closing price of ₹210.20 on the BSE. The buyback is proposed to be made from the existing shareholders of the company as on the record date on a proportionate basis under the tender offer route. Members of the promoter and promoter group of the company have also indicated their intention to participate in the proposed buyback.

Wipro's board also approved the company's fourth quarter results, wherein the firm posted a 1.85% year-on-year (YoY) decline in its net profit to ₹3,502 crore compared with ₹3,569 crore in the same period a year ago. However, the IT major reported a revenue of ₹24,236.3 crore in Q4, marking a 9.77% increase from ₹22,504.2 crore reported in the same period last year.

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The revenue from the IT services segment came in at ₹24,016 crore, marking a 7% YoY increase from ₹22,526.6 crore. Meanwhile, in dollar terms, the company said that its IT services segment revenue was at $2,651.0 million as of Q4FY26, recording an increase of 0.6% quarter-on-quarter (QoQ) and 2.1% YoY.

Commenting on the outlook for the first quarter of FY27, Wipro said it expects revenue from the IT Services business segment to be in the range of $2,597 million to $2,651 million, translating to a sequential guidance of (-)2.0% to 0% in constant currency terms.

According to Srini Pallia, CEO and Managing Director, "Advancements in AI are reshaping client priorities and creating new opportunities for us to partner more deeply to deliver value-driven outcomes. To strengthen our position in an AI-first world, we are pivoting to a services-as-a-software model through the AI Native Business & Platforms unit. Our strategic deal with the Olam Group further reflects the decisive investments we are making to capture opportunities at scale."

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