Wipro Falls Despite Rs 15,000 Crore Buyback
Wipro Falls Despite Rs 15,000 Crore Buyback
Wipro shares fell sharply after the company announced its March quarter results and unveiled a Rs 15,000 crore buyback plan. The stock dropped as investors looked beyond the buyback and focused on weaker profit growth, soft near-term guidance and continuing concerns over demand in the IT services business.
Wipro Q4 FY26 Results and Buyback
Wipro reported consolidated revenue of Rs 24,236.3 crore for the fourth quarter of FY26, up 7.6% year on year. Net profit stood at Rs 3,501.8 crore, slightly lower than the same quarter last year, though both revenue and profit improved sequentially. The board also approved a buyback of up to 60 crore shares at Rs 250 apiece, representing a premium over the previous closing price and covering more than 5% of the company’s equity.
Wipro IT Services Guidance Concerns
The company’s IT Services revenue stood at $2.651 billion in the quarter, showing modest growth. However, guidance for the June quarter remained muted, with Wipro expecting revenue in the range of $2.597 billion to $2.651 billion. That implies anything from a flat quarter to a decline in constant currency terms, which appears to have weighed more heavily on market sentiment than the buyback announcement.
Why Wipro Shares Fell After Results
Analysts described the quarter as mixed. Margins remained relatively stable and the buyback was seen as supportive in the short term, but concerns persisted over delayed deal ramp-ups, client-specific weakness in the Americas and the risk of continued revenue pressure. The company’s cautious outlook suggested that while capital return remains strong, the core growth story is still not convincing enough for investors.
