Wipro Sets June 5 as Record Date for ₹15,000 Crore Share Buyback

Wipro Sets Record Date for Proposed ₹15,000 Crore Share Buyback

Wipro has fixed Friday, June 5, 2026, as the record date for its proposed share buyback worth up to ₹15,000 crore, which would be the largest in the company's history. The company plans to buy back up to 60 crore fully paid-up equity shares with a face value of ₹2 each at a price of ₹250 per share through the tender offer route. The record date has been set to determine the entitlement and names of shareholders eligible to participate in the buyback offer. The proposed buyback was earlier approved by the company's board on April 16, 2026.

The total size of the repurchase offer is capped at ₹15,000 crore, based on the buyback price of ₹250 per share. The company said the buyback will be carried out on a proportionate basis through the tender offer process in accordance with SEBI regulations and applicable listing norms.

The buyback comes even as analysts flag weak near-term growth despite a strong deal pipeline. As part of its efforts to return excess cash on its balance sheet, Wipro is ensuring that the net cash available post-buyback would be sufficient to support its M&A ambitions as well as large strategic deals.

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Wipro's earlier share buybacks were conducted in FY17 (₹2,500 crore), FY18 (₹11,000 crore), FY21 (₹9,500 crore), and FY24 (₹12,000 crore).

Wipro Q4 Results FY26

For the quarter ended March 2026, Wipro reported a net profit attributable to equity holders of ₹3,502 crore, down from ₹3,569 crore in the same period last year, marking a marginal decline of 1.85%. However, net profit improved sequentially by 12.27% compared to ₹3,119 crore reported in the December quarter.

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The IT major reported revenue of ₹24,236 crore in Q4, marking a 9.77% year-on-year (YoY) growth from ₹22,504.2 crore reported in the corresponding quarter last year. Sequentially, revenue also improved by 3% from ₹23,555.8 crore reported in Q3 FY26.

For the full financial year 2025-26, Wipro recorded a net profit of ₹13,197.4 crore, reflecting a marginal 0.47% increase over FY25. FY26 revenue rose 3.96% to ₹92,624 crore.

The IT major expects a weak start to FY27, guiding for April–June revenue of $2.6–2.65 billion, implying a sequential decline of up to 2% or, at best, flat growth. Management attributed this outlook to delays in ramping up a large client engagement and slower growth from an existing banking client. The company does not provide full-year guidance.