Wipro Takes Major Decision Amid Stable Financial Results

Wipro has announced a massive share buyback worth ₹15,000 crore, marking the largest such proposal in the company’s history. The board has approved the buyback of up to 60 crore fully paid-up equity shares at ₹250 per share, representing around 5.7% of the total paid-up equity capital. The buyback price is nearly 18% higher than the closing price of ₹210.20 on the BSE. The company plans to complete the process by the first quarter of FY 2026–27, subject to shareholder approval, as confirmed by CFO Aparna Iyer. Promoters and promoter group members have also expressed their intention to participate. Additionally, Wipro Hydraulics has entered into an agreement to acquire a majority stake in Italy-based Indeco Ind. SpA, strengthening its global footprint.

In terms of financial performance, Wipro reported a consolidated net profit of ₹3,501.8 crore for the January–March quarter of FY 2025–26, slightly down by 1.89% year-on-year, while revenue grew 7.6% to ₹24,236.3 crore. On a quarterly basis, profit and revenue rose by 12.2% and 2.8% respectively. For the full financial year, net profit stood at ₹13,197.4 crore, reflecting a marginal increase of 0.47%, while total revenue rose 3.96% to ₹92,624 crore. The company also saw growth in its workforce, reaching 2,42,156 employees, including the addition of 7,500 freshers. Despite some client-related challenges and deal delays in the US market, Wipro expects IT services revenue in the current quarter to be between $2,597 million and $2,651 million.