Bengaluru: Wipro on Thursday said its board has approved its largest-ever share buyback worth Rs 15,000 crore through a tender offer, even as it flagged a softer revenue outlook for the first quarter of FY27.
The buyback will be at Rs 250 per share, subject to shareholder approval, and covers up to 60 crore equity shares, or 5.7% of total paid-up equity share capital. The offer price is at a 19% premium to Wipro’s closing price on April 16. The company expects to complete the buyback in the first quarter of 2027.
Wipro’s promoter group intends to participate in the buyback, CFO Aparna Iyer said during the Q4 earnings press conference. As of December 31, 2025, promoters and the promoter group held a 72.63% stake in the company, according to exchange data.
For Q1 FY27, the IT services major guided for revenue growth of negative 2% to 0% in constant currency terms. That compares with 0-2% sequential growth guidance given for the March quarter. “We were expecting a ramp-up for a large deal that we have won, and it’s taking time,” CEO and Managing Director Srini Pallia said, adding that the softness was linked to “a very specific client issue” impacting both Q4 and Q1.
For the quarter ended March, Wipro posted a consolidated net profit of Rs 3,502 crore, up 12.3% quarter-on-quarter but down 2% year-on-year. Revenue from the IT services business was Rs 24,236.3 crore, up 3% sequentially. Operating margin for the quarter stood at 17.3%, down 30 basis points sequentially and 20 basis points from a year ago.
Total bookings for the March quarter stood at $3.45 billion, down 14% year-on-year in constant currency terms. Large deal bookings were $1.44 billion, down 18.5% on year.
