Wipro’s board approved the plan to buy back up to 60 crore shares, representing 5.7% of the total paid-up share capital, for an aggregate amount not exceeding Rs 15,000 crore.
The buyback will be done via the tender route, and all shareholders on the record date, including those who received the equity shares after cancelling their American Depository Receipts (ADR), will be eligible to take part in the corporate action.
Also read: Wipro Q4 Results: Profit slips 2% YoY to Rs 3,502 crore, but revenue rises 8%
Wipro said that promoters and promoter groups have indicated their intention to participate in the proposed buyback. The record date and other timelines will be announced soon
Wipro Q4 earnings
Wipro announced the share buyback along with its earnings for the January-March quarter of the financial year 2026. The IT major’s consolidated net profit declined 2% YoY to Rs 3,502 crore during the period under review, while revenue from operations increased 8% YoY to Rs 24,236 crore.
However, Wipro’s core IT services segment showed limited traction. Revenue stood at $2.65 billion, growing just 0.6% quarter-on-quarter and 2.1% year-on-year. On a constant currency basis, IT services revenue rose 0.2% sequentially but declined 0.2% on an annual basis, highlighting weak underlying demand.
Wipro share price
Wipro shares rose marginally to close at Rs 210.26 apiece on NSE on Friday. The stock has gained around 4% in one week and 8% in one month, but declined by over 21% in 2026 so far following the sharp AI worries and Iran-US war-led selloff.
Buyback of shares refers to a corporate action where a company repurchases its own shares from the existing shareholders. Usually, the company purchases the shares at a higher price than the current levels, encouraging investors to participate. Typically, a company decides to buy back its shares in order to increase share value, utilise surplus cash, prevent hostile takeovers or increase promoter holdings.
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