Azim Premji Trust held 1,06,31,85,966 equity shares in the company which represented 10.15% stake as on March 31, 2025.
The shares were bought at Rs 250 a piece, which was at a 0.60% premium over Friday’s closing price of Rs 248.59.
Hasham Traders stake buy was at a cost of Rs 2,975 crore while Prazim Traders shelled out at Rs 1,487 crore.
Wipro shares today ended at Rs 251.72 on the NSE, up by Rs 3.13 or 1.26% over the Friday closing price.
The fourth largest IT services company by way of market capitalization had reported a net profit (attributable to shareholders of the company) of Rs 3,570 crore for the fourth quarter ended March 2025, up 26% from Rs 2,835 crore in the year-ago period. The profit beat Street expectations of Rs 3,290 crore.Revenue from operations in the quarter rose 1% year-on-year (YoY) to Rs 22,504 crore, compared to Rs 22,208 crore in the same period last year.The IT services segment revenue stood at $2,596.5 million in the fourth quarter, reflecting a decline of 1.2% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY). In constant currency terms, IT services revenue decreased 0.8% QoQ and 1.2% YoY.
On a sequential basis, revenue increased by a marginal 0.8%. The profit after tax grew 6% QoQ from Rs 3,354 crore posted in the preceding December quarter.
In the fourth quarter, the company reported operating cash flows of Rs 3,750 crore ($438.5 million), marking a 28.2% YoY decline. This represented 104.4% of net income for the quarter.
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