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Wipro has announced a Rs. 15,000 crore share buyback. The company shared this update on April 16 along with its FY26 quarterly results. The move shows a clear focus on providing value back to shareholders.
The company will buy back up to 60 crore shares or nearly 5.7% of its total shares. The buyback price is Rs. 250 per share, which is 19% higher than the last closing price of Rs. 210.20. A higher buyback price usually attracts more attention from investors.
The share buyback will happen through the tender offer route. Shareholders can offer their shares to the company under this process. The company will proportionately accept shares. Promoters have also shown interest in joining the buyback.
The record date has not been announced yet. This date is important because only those investors who held shares before it can take part in the buyback. The company said it will share all details soon through an official announcement.
The buyback is Wipro’s first in nearly three years. The decision shows that the company has strong cash reserves. It aims to improve earnings per share and reward investors directly.
Wipro Q4 results showed mixed figures. Net profit fell slightly from the previous year’s Rs. 3,569 crore to Rs. 3,502 crore. However, revenue was registered at Rs. 24,236.3 crore, up from Rs. 22,504.2 crore. This shows steady business growth.
The IT services segment earned Rs. 24,016 crore, a 7% increase from the previous year. Growth stayed stable, though margins saw a small dip of 17.3%.
CEO Srini Pallia said that AI is changing how clients work. The company is focusing more on AI services and new business models. This shift may help future growth.
For the next quarter, Wipro expects revenue between $2,597 million and $2,651 million. This shows a cautious short-term outlook.
The Wipro buyback gives shareholders a chance to sell shares at a higher price. However, final returns depend on investors’ participation.
Disclaimer: This content is for educational purposes only. Investors should consult experts before making decisions.
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