Overview
- Wipro, which reported results Thursday, cleared a buyback of up to 60 crore shares at Rs 250 each through a tender offer, subject to a shareholder vote.
- Promoters said they intend to participate, and Wipro plans to set a record date and complete the process in Q1 FY27 once approvals are in place.
- For Q4, revenue was Rs 24,236.3 crore and net profit was Rs 3,501.8 crore, down 1.9% year on year as sales landed a touch below some estimates.
- Management guided June‑quarter IT services revenue to $2.597–$2.651 billion, or −2% to 0% sequential, and the stock fell with ADRs down overnight and India shares sliding up to 4% Friday.
- Brokerages were split, noting the buyback price premium but calling the Rs 15,000 crore size lower than some forecasts of Rs 16,000–18,500 crore, and highlighting that tender offers pay a fixed price with proportional acceptance.