Bengaluru-based IT services giant Wipro Limited announced its financial results for the fourth quarter ended March 31, 2026, reporting a significant 12.27 percent increase in consolidated net profit. The company's net profit climbed to ₹3,501.8 crore for the quarter, up from ₹3,119 crore recorded in the preceding December quarter.
Alongside its earnings report, Wipro's board of directors gave the green light to a substantial share buyback program. The initiative aims to repurchase up to 60 crore fully paid-up equity shares, representing 5.7 percent of the company's total paid-up equity share capital. The buyback will be executed at a price of ₹250 per share, amounting to a total value of up to ₹15,000 crore, through a tender offer route on a proportionate basis.
Revenue Growth and Year-on-Year Performance
Wipro's revenue from operations for the fourth quarter stood at ₹24,236.3 crore. This marks a 7.69 percent growth compared to the ₹22,504.2 crore reported in the corresponding quarter of the previous financial year. On a sequential basis, the company's top line grew by 2.88 percent from ₹23,555.8 crore in the December quarter.
While the quarter-on-quarter net profit showed strong growth, the year-on-year comparison revealed a slight dip. The net profit for Q4 FY26 was 1.9 percent lower than the ₹3,569.6 crore clocked in the same quarter last year.
Strategic Implications of the Buyback
Share buybacks are often seen as a way for companies to return value to shareholders and can signal management's confidence in the company's future prospects. By reducing the number of outstanding shares, earnings per share can increase, potentially boosting stock value. Investors will be closely watching the execution of this significant ₹15,000 crore buyback program.