Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 75

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 5
Chunk 75
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 of ₹ 6 per equity share as the final dividend for the year ended March 31, 2025.
Buyback of equity shares: During the year ended March 31, 2024, we concluded the buyback of 269,662,921 equity shares at a price of ₹ 445 (U.S.$ 5.34) per equity share, as approved by the Board of Directors on April 27, 2023 and by shareholders by resolution dated June 1, 2023. This has resulted in a total cash outflow of ₹ 145,173 million (U.S.$ 1,741.9 million) including a tax on the buyback of ₹ 24,783 million (U.S.$ 297.4 million) and transaction costs related to the buyback of ₹ 390 million (U.S.$ 4.7 million). As a result of the buyback, our share capital has been reduced by ₹ 539 million (U.S.$ 6.5 million).
During the year ended March 31, 2025, the Company did not conclude any buyback of equity shares.

Results of Operations
The below discussion of our results of operations omits a comparison of our results for the years ended March 31, 2023 and March 31, 2024. Such omitted discussions can be found in Item 5 of our Annual Report on Form 20-F for the year ended March 31, 2024, filed with the SEC on May 22, 2024.
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Our revenues and profits for the years ended March 31, 2024 and 2025 are provided below:

                                                                                                     Wipro Limited and subsidiaries                
                                                                                   Year ended March 31,                       Year-over-Year change
                                        2024                               2025                                                             2025-24
                                                        (₹ in millions, except earnings per share data)                                            
Revenue (1)                                            897,943                                  890,916                       (0.78      )%        
Cost of revenue                                       (631,497         )                       (617,802     )                 (2.17      )%        
Gross profit                                           266,446                                  273,114                        2.50       %        
Selling and marketing expenses                         (69,972         )                        (64,378     )                 (7.99      )%        
General and administrative expenses                    (60,375         )                        (57,465     )                 (4.82