Wipro board approves its biggest-ever Rs 15,000 crore share buyback at Rs 250 apiece

Net profit down 1.9 per cent; revenue up 7.6 per cent in Q4.

Bengaluru: Bengaluru-based IT services company Wipro has announced its largest share buyback after three years at Rs 15,000 crore at Rs 250 per share. Promoters will be participating in the buyback and the company's last buyback was in 2023 for Rs 12,000 crore.

"This is our largest buyback and we expect to buy back 5.7 per cent of our paid up capital," said Aparna Iyer, Chief Financial Officer, Wipro, at the company's Q4 earnings press conference on Thursday.

She said the buyback will be completed in the first quarter of this fiscal, subject to shareholder approval.

The company on Thursday posted Rs 3,501.8 crore consolidated net profit for the quarter ended March 2026, which is a 1.9 per cent decline compared to Rs 3,569.6 core it posted in the year-ago period.

Its revenue from operations rose 7.6 per cent to Rs 24,236.3 crore in the March quarter, compared to Rs 22,504 crore in the same quarter last year.

For full fiscal year FY26, the company posted a net profit of Rs 13,197.4 crore, a marginal 0.47 per cent increase compared to FY25 and its revenue stood at Rs 92,624 crore, a 3.96 per cent increase compared to Rs 89,088.4 crore in the previous fiscal year.

The company's total bookings in the fourth quarter stood at $3,455 million, up by 3.2 per cent q-o-q and its large-deal bookings were at $1,440 million. Wipro's IT services operating margin in the fourth quarter stood at 17.3 per cent, a decrease of 0.2 per cent y-o-y.

Speaking at the post-earnings press conference, Srini Pallia, CEO and MD said, geopolitical and policy disruptions have become the new normal. "Changing trade rules, tighter immigration policies, and prolonged conflicts continue to create uncertainties for industries and economies. Despite these headwinds, IT spending has shown resilience. Cloud, Data & AI continue to attract investments as they provide the infrastructure for future growth. Client priorities are shifting, with spending decisions increasingly tied to outcomes. Regardless of this environment, we continue to make decisive investments to navigate the AI-first world," he said.

The company expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million. This translates to sequential guidance of (-)2.0% to 0 per cent in constant currency terms in the first quarter of FY27.

Pallia said they are seeing traction in the BFSI, Technology & Communications sectors, and that they are encouraged by the momentum the company is seeing in the APMEA region. He mentioned that Americas 1 delivered sequential and y-o-y growth, driven by strong performance in Consumer, Technology & Communications. Americas 2 declined sequentially and on a y-o-y basis. "The BFSI sector was impacted by delayed ramp-ups on some large deals that were closed earlier this year and by certain client-specific issues," he said.