Wipro buyback: IT services major, , on Thursday, April 16, announced a share buyback worth ₹15,000 crore along with its financial results for the quarter ended March 30, 2025.
Wipro’s board at its meeting today approved the proposal to up to 60,00,00,000 fully paid-up equity shares or 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.
Wipro’s buyback price has been fixed at ₹250 per share, signalling 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.
The company has not yet announced the for the Wipro buyback. “The process, record date, timelines and other requisite details with respect to the buyback will be set out in the public announcement and the letter of offer to be published in accordance with the Buyback Regulations,” it said in a filing today.
Wipro Q4 Results
Along with the share buyback, , 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.
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. The IT services operating margin for the quarter under review declined marginally by 0.2% YoY to 17.3%.
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.
Srini Pallia, CEO and Managing Director, said, “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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