Wipro Limited has announced its financial performance for the quarter and year ended March 31, 2026. Along with reporting strong financial results, the Board of Directors has proposed a major buyback of up to 60 crore equity shares at a price of ₹250 per share. This initiative represents an aggregate value of ₹15,000 crore, aimed at returning capital to shareholders. Additionally, the company confirmed the reappointment of Ms. Tulsi Naidu as an Independent Director.
Fiscal Year 2026 Financial Performance
Wipro Limited concluded the fiscal year ending March 31, 2026, with robust growth. The company reported annual revenue from operations at ₹926,240 million and a total annual profit for the period of ₹132,655 million. For the final quarter (Q4), revenue reached ₹242,363 million, reflecting the company’s sustained operational momentum and delivery excellence.
Strategic Share Buyback Program
The Board of Directors has approved a proposal to buy back up to 60,00,00,000 fully paid-up equity shares, accounting for 5.7% of the total paid-up equity share capital. The buyback will be executed at a price of ₹250 per share, with an aggregate expenditure not exceeding ₹15,000 crore. This program is subject to shareholder approval via postal ballot and will be conducted through the tender offer route.
Leadership and Governance
In a move to strengthen its governance framework, the Board has approved the reappointment of Ms. Tulsi Naidu as an Independent Director. Her second term is set to span five years, beginning July 1, 2026, and concluding on June 30, 2031, pending approval from the shareholders. Ms. Naidu brings over 29 years of deep financial services expertise to the board, further enhancing the company’s strategic leadership.
Future Outlook and Expansion
Wipro continues to expand its global capabilities. Recent strategic activities include agreements to acquire Mindsprint for USD 375 million and select customer contracts from Alpha Net Consulting for USD 70.8 million. These acquisitions are expected to conclude by the quarter ending June 30, 2026, further solidifying Wipro’s position in the digital transformation and IT services landscape.
Source: BSE
