Wipro Limited Approves ₹15,000 Crore Share Buyback

Wipro Limited has announced a significant share buyback program, subject to shareholder approval. The company proposes to repurchase up to 600,000,000 equity shares of face value ₹2 each, representing approximately 5.7% of the total equity shares. This buyback will be conducted on a proportionate basis through a tender offer at a price of ₹725 per equity share, for an aggregate amount not exceeding ₹15,000 crore.

The company stated that the buyback is intended to return excess cash to shareholders and enhance shareholder returns. Wipro's Chief Financial Officer, Azim Premji, mentioned during the Q4 FY16 earnings call that the firm's operating cash flow for FY16 was 112% of net income, and even after the buyback, Wipro will maintain sufficient capital for future growth initiatives.

This move follows a trend among Indian IT firms, including peers like Infosys, HCL Tech, and TCS, which have also utilized share buybacks to return capital to investors. Wipro previously completed a share buyback in September of the previous year, repurchasing 100 million equity shares at ₹1,800 per share. The company has also constituted a committee to oversee and implement the buyback process, with further details on the record date, timelines, and offer letter to be announced in due course.

Additionally, Wipro Limited reported its audited financial results for the quarter and year ended March 31, 2026. For the consolidated results under IFRS, revenue from operations was ₹242,363 million, profit before tax was ₹46,676 million, and profit after tax was ₹35,216 million. Under Ind AS, consolidated revenue from operations was ₹242,363 million, profit before tax was ₹46,676 million, and profit after tax was ₹35,216 million. For standalone results under Ind AS, revenue from operations was ₹183,628 million, profit before tax was ₹40,782 million, and profit after tax was ₹30,371 million.