Wipro Ltd. shares declined by more than 4% last week, ahead of the company’s Q4 FY25 earnings announcement scheduled for Wednesday, April 16.
On April 11, Wipro shares closed at ₹240.40, down from the opening price of ₹245.00. The stock hit a high of ₹245.00 and a low of ₹238.35 during the session. Despite the dip, Wipro remains above its 52-week low of ₹208.50, though still far from its 52-week high of ₹323.60.
Wipro Q3 FY25 Performance
In Q3 FY25, the Bengaluru-based IT services firm reported revenue of $2,629.1 million, aligning with market expectations. The company posted constant currency revenue growth of 0.1%, which was slightly above its guidance range of 0% to -2%. In rupee terms, revenue stood at ₹22,285 crore, reflecting a 0.4% quarter-on-quarter (QoQ) increase.
Operating performance showed some improvement. Earnings before interest and taxes (EBIT) rose 4.5% QoQ to ₹3,899 crore. The EBIT margin improved to 17.5%, up from 16.8% in the previous quarter.
However, Wipro’s large deal wins declined significantly, falling 35% sequentially to $961 million, raising concerns about future revenue momentum.
For Q4 FY25, Wipro has provided revenue guidance in the range of $2,602 million to $2,655 million. This translates to a potential growth range of -1% to 1% in constant currency terms.
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