
IT giant Wipro announced its largest-ever share buyback worth ₹15,000 crore on April 16, 2026, as reported by Hindustan Times. The board approved the proposal to repurchase up to 60 crore equity shares - equivalent to 5.7% of total paid-up equity capital - for a maximum consideration of ₹15,000 crore, subject to shareholder approval. The buyback price has been set at ₹250 per share, representing a 23.5% premium from the current market price of ₹205. The repurchase will be carried out through the tender offer route, on a proportionate basis, from existing shareholders as of the record date. Chief Financial Officer Aparna Iyer stated that the move reflects strong cash flows and capital allocation strategy, with the company maintaining margins in a narrow band while continuing to invest in clients, capabilities, and people.
Despite the buyback announcement, Wipro reported mixed Q4 results with net profit declining nearly 2% to ₹3,502 crore compared to ₹3,570 crore in the same quarter last year, though it showed 12% sequential growth from ₹3,119 crore in the previous quarter. Revenue for the March quarter increased 8% year-on-year to ₹24,236 crore. The company's IT services segment generated $2,651 million in revenue, up 0.6% quarter-on-quarter and 2.1% year-on-year. The company's IT services segment generated $2,651 million in revenue, up 0.6% quarter-on-quarter and 2.1% year-on-year. CEO and Managing Director Srini Pallia noted that geopolitical and policy disruptions are becoming a new normal, though overall IT spending remains resilient, with artificial intelligence reshaping client priorities and opening new opportunities.
Wipro secured $1.44 billion in large deals during the quarter, up 65% sequentially, driven by demand for AI transformation and cost optimization solutions. The company is pivoting to a services-as-a-software model through AI-focused platforms to deliver value-driven outcomes. Gartner forecasts global IT spending will grow more than 10%, from $5.56 trillion in 2025 to $6.32 trillion in 2026. Wipro hired 7,500 freshers during FY26, including about 3,000 in the fourth quarter, though the company has not provided hiring targets for FY27 citing demand uncertainty linked to rapid AI adoption. The company reported strong cash performance with operating cash flows at 112.6% of net income for the fiscal year.
For the first quarter of FY27, Wipro expects IT services revenue in the range of $2,597 million to $2,651 million, implying a sequential growth outlook of minus 2% to flat in constant currency terms. Market experts present mixed views on the buyback participation. Tushar Badjate from Badjate Stock Shares recommends short-term holders with limited conviction to consider exiting at this price, as near-term upside remains constrained amid a steep decline in shares in 2026. However, he suggests long-term investors consider holding the counter, as the buyback signals Wipro's confidence in its AI-led recovery and strong cash position. As reported by Hindustan Times, Wipro share price has fallen by over 3% since the announcement of the share buyback, with the stock trading 1.59% higher at ₹205.70 on NSE.
According to the exchange filing reported by Hindustan Times, the buyback is proposed to be made from existing shareholders of the company, including persons who become shareholders by cancelling American Depository Receipts and receiving underlying equity shares, as on the record date. The company has not yet announced the record date for the buyback. The process, record date, timelines and other requisite details will be set out in the public announcement and the letter of offer to be published in accordance with the Buyback Regulations. With promoters participating, retail allotment will be proportionately smaller than most expect. This marks Wipro's sixth buyback program, following previous buybacks of ₹12,000 crore in 2023 and ₹9,500 crore in 2020, underscoring management's confidence in long-term growth despite near-term volatility.