Wipro block deals, June 11: Promoter entities swap 1.72% stake worth ₹4,675 crore; check details

According to the block deal data on the NSE, promoter entity Azim Premji Trust sold a total of 18.05 crore equity shares, or 1.72% stake in Bengaluru-based Wipro. The transaction, valued at around ₹4,674.77 crore, was executed at an average price of ₹258.99 per share.

Meanwhile, Prazim Traders and Zash Trader (part of Wipro's promoter group) bought these shares at the same price.

Shares of the company on Wednesday ended at ₹259, up 1.62% on the NSE.

On Monday, June 9, Azim Premji Trust offloaded 20.23 crore equity shares, or a 1.93% stake, in Wipro. The transaction was valued at around ₹5,057 crore, while Premji Invest, through its arms, Prazim Trading and Investment Company, Hasham Traders, and Prazim Traders, bought these shares.

In November last year, Premji Invest, through Prazim Trading and Investment Company, purchased 8.49 crore shares, or a 1.6% stake, in Wipro for ₹4,757 crore, while Prazim and Zash Traders offloaded an equal number of shares in the IT services company.

Wipro Q4 FY25 Results

India's fourth-largest IT company, Wipro, reported a 25.9% increase in consolidated net profit to ₹3,569.6 crore during the March quarter (Q4 FY25).

It had reported a profit (attributable to equity holders of the company) of ₹2,834.6 crore in the year-ago period.

Revenues for the fourth quarter came in at ₹22,504.2 crore, a marginal increase of 1.33% from ₹22,208.3 crore logged in Q4 FY24.

Sequentially, profit and revenue rose 6.43% and 0.83%, respectively.

For full FY25, profits saw an uptick of 18.9% to ₹13,135.4 crore, according to a regulatory filing.

Revenues for the full fiscal year slipped 0.74% to reach ₹89,088.4 crore.

For Q1 FY26, the Bengaluru-headquartered firm sees revenue from its IT services business to be in the range of $2,505 million to $2,557 million, a drop of 1.5-3.5% in constant currency terms on a sequential basis.

"As clients remain cautious in the face of macroeconomic uncertainty, we're focused on partnering closely with them while staying committed to consistent and profitable growth," Wipro CEO and MD Srini Pallia said.

The company closed FY25 with two mega deal wins, an increase in large deal bookings, and growth in top accounts, he said.