All eyes are on Wipro Q4 results now. According to brokerage firms and analysts, Wipro is likely to see flat revenue growth amid continued softness in segments such as Energy, Manufacturing and Resources. However, a slight boost is expected in verticals such as BFSI (banking, financial services and insurance) and Healthcare.
Wipro Q4 results: When to expect
The Wipro filing on the stock exchanges indicated that the results are going to be declared after market closing and there will be a press conference at 7:30 pm by a senior management. However, the company has been quite tightlipped about any upcoming dividend announcement.
Kotak Institutional Equities (KIE) said, “Deterioration in demand will lead to revenue decline of 0.5 per cent in c/c on QoQ basis, toward the lower end of -1 per cent to +1 per cent range of guidance. We forecast a stable EBIT margin with benefit from rupee depreciation, offset by lack of operating leverage/revenue decline.”
Wipro Q4 Preview: Kotak Equities says watch out for these 4 factors
(1) state of discretionary spending by clients in light of recent macro deterioration,
(2) state of spending in financial services accounts noting Wipro’s high discretionary exposure to the vertical,
(3) rationale for realignment of services line to a new structure,
(4) positioning in cost take-out and vendor consolidation deals where Wipro can be vulnerable
(5) progress on catching up with peers on growth.
Wipro Q3 performance
In January this year, Wipro had released its Q3 results wherein it had reported a net profit of Rs 3,350 crore, up 24.5 per cent from a year ago. Revenue for the quarter under review was marginally up by 0.5 per cent from the year-ago period to Rs 22,320 crore. Wipro had also declared an interim dividend of Rs 6 per share and revised its capital allocation policy to commit at least 70 percent of net income as payouts over a three-year period.
Wipro Q4 Results Live Updates
Live Updates
Wipro Q4 Results Live Updates: Outlook for IT sector
JM Financial said, “With recovery in discretionary spend less visible, the spotlight will be back on larger deals.” It said that Wipro (Phoenix Group) have likely done better this quarter among large-caps. Among mid-caps, Coforge, on the back of $1.56 billion TCV Sabre deal, could report $2 billion+ TCV, substantially improving its FY26 revenue visibility. Mphasis and KPIT’s deal momentum should sustain. “We expect 3-5%, 3-5% and 12-14% cc YoY revenue growth guidance from INFO, HCLT and KPIT respectively. WPRO could guide for -1% to +1% cc QoQ for Q1FY25. Any slowdown in US BFSI could be concerning. The current environment limits visibility. But our baseline hypothesis is deferral in spend, instead of curtailment. Large-deal led growth however means margin pressure may not relent,” it added.
Wipro Q4 Results Live Updates: AI focus for IT sector
Kotak Institutional Equities said, “Generative AI provides significant productivity benefits across several service lines of IT services companies, such as software development, testing and horizontal BPO. Companies view the revenue deflation risk as manageable and similar to past technology cycles. Companies intend to be ahead of the game and generate sufficient efficiency savings through AI adoption in order to retain some benefit after passing on the savings to clients. New revenue opportunities in technology from the adoption of generative AI are available and include data infrastructure modernization and legacy code modernization. New opportunities from using AI at scale to transform business operations can be a large future opportunity. The reduction in model costs is good for AI adoption.”
Wipro Q4 Results Live Updates: Expect cautious guidance for FY26, says Kotak Securities on IT sector
Kotak Institutional Equities said, “The fallout of tariff threats by the US is slowdown and uncertainty in spending. This has started showing in macro indicators. Most companies were relying on an uptick in discretionary spending for growth in FY2026, noting weak mega-deal signings across the board.”
Against this backdrop, the brokerage firm maintained that the companies in the IT sector are expected to take a cautious stance on guidance. “We believe Infosys will guide for a conservative 1-4 per cent revenue growth in FY2026. We believe HCLT will guide for 3-5per cent revenue growth for FY2026, which includes 100 bps contribution from the CTG acquisition. Wipro’s guidance could range from (-)0.5 to +1.5 per cent qoq for Q1FY26. We expect EBIT margin guidance of 20 22 per cent from Infosys and 18-19 per cent from HCLT for FY2026,” it added.
Wipro Q4 Results Live Updates: Expectations from the IT sector
Estimating the Q4 performance of the IT sector, Sharekhan analysis report stated, “We expect Tier-1 IT service companies to report muted Q4FY25 impacted by lower working days and marginal deterioration in demand. We expect QoQ constant currency (CC) revenue growth of -1.8 per cent to 0.2 per cent for Tier-1 and -0.1 per cent to 13.5 per cent QoQ revenue growth in CC terms for Tier-2 IT companies. Among Tier-2 IT companies, LTTS is expected to lead revenue growth of 13.5 per cent QoQ in CC terms aided by SWC seasonality and contribution from Intelliswift. Persistent and Coforge among Tier-2 companies are expected to report strong sequential revenue growth of 4 per cent/ 3 per cent in CC terms aided by ramp of earlier deals. EBIT margin is likely to be largely mixed across the covered IT companies.”
Deal wins TCV, it added, is likely to be modest in the absence of large mega deals. Infosys and HCL Tech are expected to provide conservative growth guidance due to increased macro uncertainties.
Wipro Q4 Results Live Updates: What can be expected from Q4 earnings report?
With Wipro all set to announce its fiscal fourth quarter earnings report today, analysts and brokerage firms said that the IT major is expected to report a flat revenue growth
Here are key things to watch out for.
Wipro Q4 Results Live Updates: Sharekhan on Wipro Q4 results
An analysis report by Sharekhan said, “Wipro is expected to report a sequential revenue growth of -0.5 per cent QoQ in CC terms, within its Q4 guided range, of -1 per cent to 1 per cent. EBIT margin is expected to be flat sequentially.”
Estimates by Sharekhan:
Sales
Rs 22,701.2 crore; Up 2.3% YoY
Operating margin
20.5%; Down 178 bps YoY
Net profit
Rs 3,394 crore; Up 19.7% YoY
Wipro Q4 Results Live Updates: Key monitorables
Key things to watch out for:
– Commentary on consulting business (particularly in BFSI vertical), client specific issues in BFSI vertical, large deal pipeline and outlook on client discretionary spend.
– Co in the past has maintained margins will be maintained in a narrow band, reinvest any margin gains in driving faster growth
– Towards the end of the quarter, Wipro announced a mega deal GBP 500 million, 10 yr deal with UK’s Phoenix Group.
– The company in Q3 spoke about discretionary demand coming back in BFSI, but slowly.
Wipro Q4 Results Live Updates: Revenue estimated at Rs 23,112.5 crore
Wipro will release its Q4 earnings report today, with key focus on BFSI demand, large deals, and client spending. According to a CNBC TV18 poll, Wipro is expected to report Q4 profit at Rs 23,112.5 crore and EBIT is estimated at Rs 3,957.2 crore. Margins for the quarter in review is projected to remain stable at 17.1 per cent.
Wipro Q4 Results Live Updates: IT sector weighed down by macro, seasonal weakness
Kotak Institutional Equities said, “The deterioration in the macro environment will weigh on Q4FY25 numbers and FY2026 guidance.” Infosys will likely guide for 1-4 per cent growth and HCLT 5 per cent. Noting the uncertainty, it added, FY2026 for the IT sector could end up similar to FY2025 or even lower in growth. Per the brokerage firm, PSYS, Coforge and Mphasis will stand out with strong growth in Q4FY25, while incumbents such as Infosys, Wipro and TechM will report weak numbers. LTIM will likely disappoint as well. ERD companies will report weak numbers, with Tata Elxsi leading the pack. Earlier on April 10, TCS announced its fiscal fourth quarter results with profit at Rs 12,224 crore,down 1.69 per cent in YoY. It posted revenue from operations at Rs 64,479 crore, up 5.29 per cent YoY.
Wipro Q4 Results Live Updates: JM Financial on Wipro Q4 results
JM Financial said, “We expect Wipro to land at mid-point of its -1 per cent to +1 per cent cc QoQ guided band; ~20bps cross currency headwind should result in a 0.1 per cent QoQ USD revenue growth for IT Services.” According to the brokerage firm, Wipro’s growth will still be the best among top-5, aided by sustained momentum in CAPCO, which will be partially offset by softness in Europe/E&U. “We expect Wipro’s margins to remain stable as wage hike is behind. Recent GBP 500 million deal win from Phoenix Group should improve revenue visibility for Wipro getting into FY26. We expect Wipro to guide for a -1 to +1 per cent QoQ cc growth in Q4FY25,” it said.
Estimates from JM Financial
Revenue
Rs 22776.10 crore; Up 2.6% YoY
EBIT
Rs 3939.90 crore; Up 11.0% YoY
Net profit
Rs 3472.50 crore; Up 22.5% YoY
Wipro Q4 Results Live Updates: InCred Equities on Wipro Q4 results
InCred Equities said that ramp-up of deals at Wipro could help achieve flattish IT services revenue (in CC terms). It further added that INR depreciation and operating efficiency could help offset deal transition costs.
In terms of key monitorable, InCred Equities said that investors will watch out for Q1FY26 revenue growth guidance, large deal-win trajectory and vertical outlook.
Estimates by InCred Equities:
Revenue
Rs 22,767.50 crore; Up 2.5% YoY
EBIT
Rs 3984.30 crore; Up 12.2% YoY
Profit
Rs 3463.20 crore; Up 22.2% YoY
Wipro Q4 Results Live Updates: Welcome to this live blog!
With the fourth quarter earnings season on and one of the IT majors already having released its Q4 results, investors and market participants are looking at key numbers to be released by Wipro today. We, at FinancialExpres.com, through this live blog, will continuously bring to you all the key numbers released by the company, management commentary of issues of importance and even analysis of these numbers. Stay tuned.