Wipro Q4 Results Preview: Azim Premji-backed Wipro is going to be in focus for its Q4 results on April 16. In the fourth quarter of FY25, Wipro's revenue is expected to take a hit with a mild decline; meanwhile, its margins are likely to be subdued. Ahead of its earnings, Wipro's share price, however, traded higher on BSE and near Rs 245 levels.
Wipro Share Price:
The large-cap heavyweight stock ended at Rs 244.10 apiece on BSE, up by 1.8% with market cap of Rs 2,55,628.85 crore. The stock touched an intraday high of Rs 245 during trading hours. Wipro's price-to-equity ratio is at 24.71x, while return on equity is at 16.38%.
Wipro Q4 Results Date And Time:
As per the regulatory filing, Wipro will announce results for the fourth quarter ended March 31, 2025, on Wednesday, April 16, 2025, after stock market trading hours in India.
Further, Wipro said, at 7:00 PM IST or 9:30 US Eastern Time, following the results announcement, the senior management will discuss the company's performance for the quarter and answer questions sent by 6:30 PM IST* (9:00 AM US Eastern time).
Wipro Q4 Results Preview:
In its preview note, Kotak Institutional Equities said, "Deterioration in demand will lead to revenue decline of 0.5% in c/c on qoq basis, toward the lower end of -1% to +1% range of guidance. We forecast stable EBIT margin with benefit from rupee depreciation, offset by lack of operating leverage/revenue decline. We expect large deal TCV to be in US$1.6-1.8 bn range, taking into consideration the Phoenix mega-deal."
Further, Kotak's note said, "We expect revenue guidance range of -0.5% to +1.5% for June 2025 quarter. We expect investor focus on (1) the state of discretionary spending by clients in light of recent macro deterioration, (2) the state of spending in financial services accounts noting Wipro's high discretionary exposure to the vertical, (3) the 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 and (5) progress on catching up with peers on growth."
Brokerage Nuvama said, "We expect IT Services revenue growth of -0.4% QoQ in CC and -1.0% QoQ in USD. Margins are likely to largely remain flat QoQ. We expect Wipro to give -1% to +1% CC QoQ revenue growth guidance for Q1FY26. Will look for an update on consultancy business and deal execution."
During the third quarter, Wipro's earnings were upbeat with consolidated net profit at Rs 3,353.8 crore, up by 24.5% compared to PAT of Rs 2,694.2 crore in Q3FY24. In Q3FY25, the company's IT services segment revenue was at $2,629.1 million, however, down by 1.2% QoQ and 1.0% YoY. Meanwhile, non-GAAP constant currency IT Services segment revenue increased by 0.1% QoQ and decreased by 0.7% YoY. Furthermore, the company's IT services operating margin5 for the quarter was at 17.5%, an increase of 0.7% QoQ and 1.5% YoY. Its margins reached to three-year high. Wipro's total bookings came in at $3,514 million. Large deal bookings4 was at $961 million, an increase of 6.0% YoY in constant currency in the quarter.
For the fourth quarter of FY25, which would be March 31, 2025 period, Wipro expects revenue of its IT Services business segment to be in the range of $2,602 million to $2,655 million. This translates to sequential guidance of (-)1.0 % to 1.0 % in constant currency terms.
About Wipro:
Wipro is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. With over 230,000 employees and business partners across 65 countries, the company delivers on the promise of helping its customers, colleagues, and communities thrive in an ever-changing world.
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