Wipro Ltd is in focus as the IT giant prepares to announce its financial results for Q3FY25 on Friday. Overnight, the company’s American Depositary Receipts (ADRs) fell by 4% in US trading.
Earnings Expectations
Wipro is expected to post a double-digit rise in net profit for the December quarter, despite flat revenue growth. Analysts anticipate a positive outlook for Q4, supported by an improving deal pipeline and ongoing project closures.
- Revenue: Projected at ₹22,205 crore, slightly down from ₹22,301 crore QoQ.
- EBIT: Expected at ₹3,616 crore, compared to ₹3,672 crore QoQ.
- EBIT Margin: Forecasted at 16.28%, down from 16.47% QoQ.
- Net Profit: Predicted at ₹3,070 crore, versus ₹3,208 crore QoQ.
Brokerage Insights
Nuvama Research expects Wipro to report a net profit of ₹2,967.80 crore, reflecting a 10.2% YoY growth. The brokerage forecasts a 0.6% QoQ decline in IT services revenue in constant currency (CC) terms and a 1.3% drop in dollar terms. Margins are anticipated to shrink by 50 basis points due to wage hikes.
Nuvama also expects Wipro to provide Q4FY25 revenue guidance of -1% to +1% QoQ in constant currency terms, highlighting cautious optimism amid improving market conditions.
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