With an emphasis on shareholder returns, Wipro’s board meeting on April 16 will vote on Q4 results, a buyback, and a potential dividend payout.
Based on data available on Bloomberg, Wipro Ltd. faces a crucial test for investors ahead of its April 16 results: will the business finally match or surpass Bloomberg dividend projections after missing them for at least seven years in a row?
Along with a possible dividend and the board’s decision to buy back shares, the company is scheduled to release its March quarter results. Analysts tracked by Bloomberg presently project a dividend of Rs 10.56 per share for FY26. The range of estimates is between Rs 4 and Rs 17 per share.
This year’s payment has come under scrutiny due to that record, particularly because Wipro said that it intends to provide shareholders more than 70% of net profits between FY26 and FY28.
Ahead of the Payout Test
A dividend that is in line with or higher than projections would be a departure from the current trend and might boost trust in the company’s plan for shareholder return.
Investors are currently keeping an eye on whether management’s payout commitment results in a dividend that is more in line with market projections.
The Expectations of the Street
Bloomberg’s tracking of analyst projections reveals a broad range of FY26 dividend expectations.
The lowest estimate is Rs 4 per share, while the highest is Rs 17 per share. The average expectation is 10.56 rupees per share.
Divergent predictions regarding the amount of money Wipro might decide to refund this year are reflected in the spread.
Buyback is also a priority.
The board will consider a share buyback, which would be Wipro’s first in three years, in addition to the dividend decision.
Brokerages that NDTV monitors Based on historical trends, the profit estimate for the repurchase amount might be between Rs 16,000 crore and Rs 18,500 crore. Among the top five IT companies, Wipro had the largest cash balances at the end of the third quarter, at Rs 41,510 crore.
According to Morgan Stanley, the market had previously expected a buyback. The broking stated that the market had anticipated a possible buyback.
