Wipro Fixes June 5 as Record Date for ₹15,000 Cr Buyback, First in Three Years

IT major Wipro has set June 5 as the record date for its ₹15,000 crore share buyback programme. Only shareholders whose names appear in the company's records as of that date will be eligible to participate.

The board had approved the plan on April 16, proposing to repurchase up to 60 crore fully paid-up equity shares at ₹250 per share, with a face value of ₹2 each. The repurchase will be carried out through the tender offer route on a proportionate basis.

Earlier, the company had also indicated members of the promoter and promoter group's intention to participate in the buyback.

First Buyback in Three Years

Notably, this marks the IT major's first share buyback in nearly three years.

The last such exercise was conducted in June 2023, when the Bengaluru-based company repurchased shares worth ₹12,000 crore between June 22 and June 30. During that buyback, Wipro acquired 26.96 crore equity shares — representing 4.91% of its total equity — at ₹445 per share.

The current buyback price of ₹250 is not directly comparable, as it does not account for the 1:1 bonus issue announced in December 2024.

The buyback comes at a time of stress in the IT sector. Wipro shares have fallen 24% in 2026 so far, and have eroded 17% over the past one year. The company's stock closed 1.65% higher at ₹203.10 on the BSE on Friday, May 22.

Q4 Financial Snapshot

Wipro's consolidated net profit declined 2% year-on-year (YoY) to ₹3,502 crore for the March-ended quarter. Revenue from operations, however, rose 8% YoY to ₹24,236 crore.

The core IT services segment showed limited traction, with revenue at $2.65 billion, up just 0.6% quarter-on-quarter (QoQ) and 2.1% YoY. On a constant currency basis, sequential growth was a modest 0.2%, while annual revenue actually declined 0.2%, pointing to weak underlying demand in the business.

Notably, the company posted a 12% sequential rise in profit. Total deal bookings came in at $3.46 billion, up 3.2% QoQ, while large deal bookings surged 65% sequentially.

For the April-June quarter, Wipro expects revenue from its IT services business to be in the range of $2,597 million to $2,651 million.