Wipro shares in focus after Rs 5,057 crore block deal by Azim Premji Trust

Wipro shares will be in the spotlight on Tuesday after promoter entity Azim Premji Trust offloaded over 20 crore shares worth Rs 5,057 crore via a block deal on Monday.

According to exchange data, the trust sold 20.23 crore shares, with Hasham Traders acquiring 11.90 crore shares and Prazim Traders buying 5.95 crore shares. The shares were sold at Rs 250 apiece — a 0.6% premium over Friday’s closing price of Rs 248.59.

Hasham Traders' purchase was valued at Rs 2,975 crore, while Prazim Traders invested Rs 1,487 crore. As of March 31, 2025, Azim Premji Trust held over 106.3 crore equity shares in Wipro, representing a 10.15% stake.


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The fourth largest IT services company by way of market capitalisation 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.

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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.

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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.

Wipro shares closed at Rs 251.3 in the previous session, up 1.1% on the BSE, while the benchmark Sensex rose 0.31%. The stock is down 16% year-to-date and 17% over the past six months, with a market capitalisation of Rs 2,63,393 crore.

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