Wipro shares rally 3% on buyback buzz; Street eyes potential size

The stock is drawing buyers' attention as the company announced on Thursday that its board will consider a buyback proposal of equity shares from its investors at its upcoming board meeting scheduled for April 16, 2026.

“The board of directors of the company will be considering a proposal to buyback equity shares of the company and the matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013, at its meeting scheduled to be held over April 15-16, 2026,” the company informed the stock exchange on April 9.

Wipro buyback history

Wipro has a consistent track record of rewarding shareholders through buybacks. Between 2016 and 2023, the company undertook multiple buyback programmes, reinforcing investor confidence in the stock.

Its largest buyback came in 2023, when the company announced a ₹12,000 crore offer to repurchase shares at ₹445 apiece.

Wipro buyback 2026: The expected size

According to media reports, Investec believes that Wipro could potentially undertake a share buyback of around ₹16,000 crore.

Wipro Q4 FY26 schedule

Wipro on Thursday, April 2, released its schedule for the announcement of its financial results for the fourth quarter of the 2025-26 fiscal year (FY26).

In a regulatory filing, the IT company stated that its board of directors will hold its next meeting on April 15-16 to consider and approve its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

It added that the board of directors will approve and release its earnings on April 16, 2026.

“It is further informed that the trading window for dealing in the securities of the company is closed from March 16, 2026, to April 18, 2026 (both days inclusive),” the IT major stated.

Wipro Q3 FY26 earnings

IT services major Wipro reported a 7% decline in consolidated net profit to ₹3,119 crore in the third quarter of FY26, weighed by a one-time provisional impact of ₹302.8 crore due to the implementation of new labour codes.

The Bengaluru-headquartered company had posted a net profit (attributable to equity holders of the company) of ₹3,353.8 crore in the year-ago period.

Wipro's revenue from operations increased 5.5% to ₹23,555.8 crore in Q3 FY26 compared to ₹22,318.8 crore logged in the year-ago period.

On a quarter-on-quarter basis, Wipro's profit fell 3.9% while revenue rose 3.7%.

"In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and has contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations," Wipro CEO and MD Srini Pallia said.

Larger rivals TCS, Infosys, and HCLTech have also registered a significant impact from the implementation of new labour codes in their Q3 numbers. Earlier this week, TCS said the rollout of the new labour codes in Q3 FY26 resulted in a statutory impact of ₹2,128 crore, while Infosys took a hit of ₹1,289 crore during the quarter.