Consideration of share buyback proposal from Wipro; March quarter results announced on 16th April

If you are a shareholder of IT giant Wipro, this news may be useful for you. Wipro The company has informed the stock markets that the board of directors of the company will consider the proposal to buy back equity shares in its next meeting to be held on 15-16 April 2026. Besides, the company will announce its March quarter results on April 16. Wipro said its board of directors will evaluate the proposal to buy back equity shares and consider other important matters related to the process. This will be done in accordance with the applicable provisions of SEBI’s Securities Buyback Regulations and other relevant laws. Following the announcement, Wipro shares closed slightly lower at ₹202 on Thursday.

This will be the first time in nearly three years that Wipro is considering a share buyback. Earlier, such a process was undertaken in June 2023. In that buyback, Wipro bought back shares worth ₹12,000 crore between June 22 and June 30. The company had purchased 269.6 million equity shares, i.e. 4.91% of its total equity, at a price of ₹445 per share. This price has not been adjusted for the 1:1 bonus issue announced in December 2024.

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Waiting for Wipro’s quarterly results

Wipro has announced that its quarterly results will be announced on April 16. Wipro’s profit fell seven percent to ₹3,119 crore in the October-December quarter of fiscal 2025-26. The decrease was due to a one-time temporary provision of ₹302.8 crore due to the implementation of new labor laws. Wipro’s operating income rose 5.5 percent to ₹23,555.8 crore in the third quarter.

What did the brokerage firms say?

According to brokerage firms, Wipro’s performance in Q4FY26 is likely to fall short of expectations, mainly due to salary hike and integration costs. Brokerage firm Nuwama said it was cautious about earnings. Net profit is estimated to decline by more than 9% year-on-year to approximately ₹3,239 crore, down 6% from the previous quarter. However, revenues are expected to remain strong.

Nuwama estimates revenue to grow by more than 8% year-on-year. Revenue for the quarter is estimated at ₹24,397 crore, an increase of approximately 4% over the previous quarter. The company has not yet declared any dividend for this quarter. Earlier, an interim dividend of ₹6 per share was paid in the December quarter and ₹5 per share in the June quarter.

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