Wipro Approves Q4 FY26 Results, Announces ₹15,000 Crore Buyback and Re-appoints Independent Director
Wipro Limited approved Q4 FY26 results and proposed a buyback of up to 60 crore shares for ₹15,000 crore at ₹250 per share. Ms. Tulsi Naidu was re-appointed as Independent Director for a 5-year term from July 1, 2026. Audited standalone and consolidated financial results for the year ended March 31, 2026, were also approved.
The large buyback program of ₹15,000 crore is a material event that can significantly impact the company's capital structure, earnings per share, and shareholder value. The approval of financial results is also a key event for investors.
The announcement is positive due to the approval of financial results and a significant share buyback program, indicating confidence in the company's financial health and commitment to returning value to shareholders. The re-appointment of an independent director also signals stability.
Wipro Limited's Board of Directors, in a meeting held on April 15-16, 2026, approved the financial results for the quarter and year ended March 31, 2026. The company also announced a significant proposal to buy back up to 60 crore equity shares, representing 5.7% of its total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore. The buyback will be conducted via a tender offer route at a price of ₹250 per equity share. This proposal is subject to shareholder approval through a special resolution via postal ballot.
Additionally, the Board approved the re-appointment of Ms. Tulsi Naidu as an Independent Director for a second term of 5 years, commencing from July 1, 2026, to June 30, 2031, which is also subject to shareholder approval. The financial results include audited standalone and consolidated financial results under Ind AS, along with audited consolidated financial results under IFRS.
The company's financial performance for the quarter ended March 31, 2026, showed a profit before tax of ₹40,782 million for standalone results and ₹250,905 million for consolidated results. For the full year ended March 31, 2026, standalone profit before tax was ₹159,052 million and consolidated profit before tax was ₹964,977 million.
The Board meeting commenced on April 15, 2026, at 4 PM and concluded on April 16, 2026, at 3:55 PM.
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