Wipro Announces Up To Rs 15,000 Crore Share Buyback — Check Per Share Repurchase Price, Other Details

Wipro Ltd, one of India's largest software services exporter, announced an up to Rs 15,000 crore share buyback on Thursday. The buyback is expected to completed in the first quarter of fiscal 2027, with the company looking to acquire the shares at Rs 250 per piece. The buyback price is at a premium of 19% to Thursday's close of Rs 210 per share.

The proposed buyback announcement was expected to be between Rs 16,000 crore to Rs 18,500 crore, based on past trends, according to brokerages tracked by NDTV Profit.

This is lower than the previous instance and it also marks the first time that the Bengaluru-based company announced a share buyback since 2023 when it had announced a buyback of Rs 16,000 crore.

Wipro Q4 Results

Wipro's net profit for the fourth quarter of FY26 went up over 12% sequentially, as per an exchange filing on Thursday. 

The IT giant registered a consolidated bottom-line of Rs 3,501 crore, compared to Rs 3,119 crore in the previous quarter. Analysts on Bloomberg had estimated net profit at Rs 3,426 crore.

Revenue went up 3% to Rs 24,236 crore, compared to Rs 23,556 crore in Q3 of fiscal 2026, meeting analysts' estimate of Rs 24,252 crore.

Wipro clocked a strong 19.7% rise in its earnings before interest and taxes (EBIT) to Rs 4,181 crore, from Rs 3,491 crore in the quarter ended Dec. 31, 2026. EBIT margin jumped to 17.3% from 14.8% in Q3.

ALSO READ: Wipro Q4 Results: Net Profit Rises 12%, Revenue In Line With Estimates

Market History

Morgan Stanley said Wipro shares have often responded after buyback announcements.

"During the past five buybacks, Wipro has outperformed the Sensex post a formal buyback announcement in four out of five instances over one week, and in three out of five instances over one month," the brokerage said.

It added that any near-term move after an announcement could later give way to a renewed focus on operating performance and earnings delivery.

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