Wipro Announces Largest-Ever Share Buyback Worth ₹150 Billion

Wipro’s board of directors has approved a share buyback programme worth ₹150 billion on Thursday,the largest in the IT major's history alongside the release of its fourth-quarter and full-year results for 2025-26, the company said through a press release to the exchanges.

The board cleared the repurchase of up to 600 million equity shares of ₹2 each, representing 5.7% of total paid-up equity share capital, at a fixed price of ₹250 per share through a tender offer route, the company said. The offer carries a premium of approximately 19% over the stock's closing price on the day of the announcement. 

The buyback remains subject to shareholder approval via postal ballot and complies with SEBI's Buy-back of Securities Regulations, 2018, and the Companies Act, 2013. The board also confirmed that an interim dividend of ₹11 per share, declared across board meetings in July 2025 and January 2026, will be treated as the final dividend for 2025-26.

For the quarter ended March 31, Wipro reported gross revenue of ₹242.4 billion, up 7.7% on year and 2.9% on quarter. IT services segment revenue stood at $2,651 million, rising 2.1% year-on-year. The IT services operating margin came in at 17.3%, marginally lower by 0.2% against the same quarter last year.

Net income for January-March stood at ₹35 billion, up 12.3% sequentially but down 1.9% year-on-year. Earnings per share for the quarter were ₹3.34, reflecting similar trends. Operating cash flows for the quarter reached ₹31.7 billion , though this marked a 15.3% decline on-year. Voluntary attrition on a trailing 12-month basis stood at 13.8%.

Total bookings for the March-ended quarter came in at $3,455 million, a 3.2% sequential increase in constant currency. Large deal bookings were particularly strong at $1,440 million, up 65.1% quarter-on-quarter in constant currency terms.

Full-Year Highlights
For the full year ended March 31, Wipro logged gross revenue of ₹926.2 billion, up 4% year-on-year. IT services segment revenue for the year was $10,478.1 million, down 0.3% year-on-year. The consolidated IT services operating margin improved to 17.2%, gaining 0.2% over the previous year. Full-year net income rose marginally to ₹132 billion, up 0.5% year-on-year.

Full-year operating cash flows stood at ₹149.3 billion, at 112.6% of net income despite an 11.9% annual decline. Total bookings for the year reached $16.4 billion, up 14% year-on-year, while large deal bookings grew 45.4% to $7.8 billion.

CEO and Managing Director Srini Pallia said advancements in AI are reshaping client priorities, and that Wipro is pivoting toward a services-as-a-software model through its AI Native Business and Platforms unit. CFO Aparna Iyer noted that margins have been maintained within a narrow band, and that cash conversion remains strong, with operating cash flows at 112.6% of net income for 2025-26.