Wipro Ltd.'s board declared no fresh dividend, while announcing the financial results for the quarter ended March 2026. This means that the dividend declared in January by the IT major remains its last for the financial year 2025-26.
The annual payout stays at Rs 11 per share, following the dividend of Rs 5 per share declared in Q1 and Rs 6 per share in Q3.
"The interim dividend of Rs 11 declared in FY26 by the Board at its meetings held on July 17, 2025 and January 16th, 2026, shall be considered as final dividend for the financial year 2025-26," the company's press release said.
Earlier, analysts tracked by Bloomberg had given a consensus projection of Rs 10.56 dividend declaration.
Meanwhile, Wipro's net profit was up 12.3% on a qaurter-on-quarter basis at Rs 3,502 crore for the fourth quarter compared to last quarter's Rs 3,119 crore. The company's revenue was up 2.9% at Rs 24,236 crore sequentially compared to last quarter's Rs 23,556 crore.
ALSO READ: Wipro Announces Up To Rs 15,000 Crore Share Buyback — Check Per Share Purchase Price, Other Details
The dividend decision come alongside the board's consideration of Rs 250 per share buyback, which is Wipro's first in three years. This takes the cumulative size of the buyback to Rs 15,000 crore.
Brokerages tracked by NDTV Profit estimate the repurchase size could be between Rs 16,000 crore and Rs 18,500 crore, based on past trends. Wipro had cash balances of Rs 41,510 crore at the end of the third quarter, the highest among the top five IT firms.
Morgan Stanley said a buyback had already been anticipated by the market. “A potential buyback has been a move anticipated by the market,” the brokerage said.
Before the quarterly results and buyback announcement, shares of Wipro ended 0.24% higher at Rs 210.26, compared to a 0.14% decline in the Nifty 50.
ALSO READ: Wipro Q4 Results: IT Major's Profit Surges 13%
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