Wipro Q4 Results Preview: Analysts See Profit Growth Up To 22% YoY; Know Key Things To Watch Out For
Wipro Q4 Results Preview: The IT major is expected to report a year-on-year (YoY) rise of 14-22% in net profit for the quarter ended March 30, 2025.
Wipro Q4 Results Preview: IT major Wipro, which is set to announce its Q4 FY25 results post market hours on Wednesday, is expected to report a year-on-year (YoY) rise of 14-22% in net profit for the quarter ended March 30, 2025, as per multiple brokerage estimates, supported by modest revenue growth and stable operating margins. The company’s sequential performance, however, is likely to remain muted due to weak demand trends, with IT services revenue projected to stay flat in constant currency (CC) terms and fall over 1% in dollar terms.
Wipro shares were trading slightly higher at Rs 244.65 on the BSE ahead of the announcement of its March quarter earnings.
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Revenue Growth to Remain Tepid
Brokerage projections suggest Wipro may report a 1.5–2.5% YoY increase in revenue, with expectations ranging between Rs 22,276 crore and Rs 22,672 crore. Analysts expect the IT services segment to post a sequential decline in dollar revenue, impacted by cross-currency headwinds and slow ramp-up in client spending.
Emkay Global expects Wipro to post a 19.3% YoY growth in net profit at Rs 3,382 crore and a 1.5% rise in revenue to Rs 22,659 crore. It sees a 1% QoQ decline in dollar revenue for IT services, factoring in a 60 basis point currency impact.
InCred Equities has the most optimistic view, projecting a 22% YoY surge in net profit at Rs 3,463 crore on a 2.5% revenue growth to Rs 22,276.7 crore, driven by rupee depreciation and operational efficiency gains.
Nuvama Institutional Equities forecasts a 14.1% YoY rise in net profit to Rs 3,233 crore and expects revenue to grow 1.3% YoY to Rs 22,491 crore.
HDFC Institutional Equities anticipates net profit at Rs 3,353 crore, up 18.3% YoY, with revenues at Rs 22,672 crore, up 2.1% YoY.
EBIT Margins Likely to Remain Flat
Across brokerages, Wipro’s earnings before interest and tax (EBIT) margin is expected to remain stable in the range of 17.5–17.7%. InCred and Nuvama both peg the margin at 17.5% and 17.6%, respectively. Analysts cite factors such as rupee tailwinds and cost efficiencies offsetting weakness in revenue and limited operating leverage.
All Eyes on Q1FY26 Revenue Guidance
Investor focus will primarily be on Wipro’s revenue guidance for Q1FY26. Most analysts expect the company to guide for flattish revenue growth in constant currency terms.
Kotak Institutional Equities expects revenue guidance in the range of -0.5% to +1.5% QoQ, with the view that demand weakness may keep the outlook subdued.
Nomura expects a slightly more conservative guidance of -1.5% to +0.5% QoQ for the June quarter.
Emkay and Nuvama also anticipate guidance within the -1% to +1% band.
Deal Wins and Vertical Commentary in Focus
Wipro’s large deal wins are expected to be in the $1.6–1.8 billion range, aided by the Phoenix mega-deal. Commentary on the consulting business, client budgets — especially in the BFSI vertical — and trends in demand across energy, manufacturing, and healthcare segments will be closely watched.
“Key things to watch include the Q1FY26 outlook, commentary on IT budgets, consulting business growth, attrition trends, and the deal pipeline," Emkay Global in its note.
Motilal Oswal expects the BFSI vertical to see some improvement due to budget uptick, while energy, manufacturing, and Europe may continue to face headwinds.
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