Wipro, one of India's leading IT services companies, is set to announce its earnings report for the fourth quarter (Q4) of the financial year 2024-25 (FY25) today, April 16, 2025. Alongside Wipro, nine other companies, including Reliance Industrial Infrastructure and Angel One, will also release their performance reports for the January-March quarter and the entire financial year that concluded on March 31.
Analysts expect Wipro to show modest growth in both revenue and profit for the fourth quarter, although challenges remain due to seasonal factors and weak demand. According to estimates tracked by Business Standard, Wipro's revenue is projected to rise by just 1.49 percent quarter-on-quarter to ₹22,651.80 crore. This cautious outlook reflects a broader trend in the IT sector, where demand has been impacted by various market dynamics.
Experts point to a seasonal slowdown in consulting services and reduced client demand during the quarter as key reasons for the anticipated muted performance. The sentiment in the sector has been further dampened by the recent earnings report from Tata Consultancy Services (TCS), another major player in the IT industry, which fell short of market expectations. Just a day before TCS's results were announced, Jefferies downgraded the company to a 'hold' rating and significantly lowered its price target, highlighting the cautious outlook prevailing in the industry.
Today's market performance is also expected to reflect this cautious sentiment, with Indian equities likely to open on a weaker note following two days of sharp gains. The recent rally in the markets was fueled by news of a 90-day pause on country-specific reciprocal tariffs by the United States across 75 nations and possible exemptions on electronic goods tariffs. The NSE Nifty50 closed at 23,328.55, gaining 500 points or 2.19 percent on Tuesday.
In early Wednesday trade across Asia, sentiment was largely negative. Hong Kong’s Hang Seng Index dropped sharply by around 1.8 percent, Japan’s Nikkei slipped 0.5 percent, and South Korea’s Kospi declined 0.45 percent. Meanwhile, Australia’s ASX200 managed a modest gain of 0.16 percent.
As part of the earnings announcements today, Wipro's Q1FY26 guidance is expected to range between -1 percent and +1 percent, with Nirmal Bang forecasting a slightly more pessimistic range of -1.5 percent to 0.5 percent. The company’s constant currency revenue is expected to fall by 0.2 percent quarter-on-quarter, which is slightly better than its guidance. In terms of US Dollar revenue, a decrease of 0.5 percent is anticipated, bringing it down to $2,616.6 million. However, Rupee revenue is expected to see a 3.7 percent increase, reaching ₹23,112.5 crore.
Wipro's earnings before interest and taxes (EBIT) are expected to be around ₹3,957.2 crore, up from ₹3,899 crore in the last quarter, indicating a slight improvement. The EBIT margin is projected to decrease from 17.5 percent to 17.1 percent.
As Wipro prepares to announce its Q4 results, shares of Wipro Ltd. are trading flat, currently up 0.37 percent at ₹244.90. However, on a year-to-date basis, the stock has declined nearly 20 percent, reflecting the challenges faced by the company and the broader IT sector.
The list of firms releasing their Q4 FY25 results today includes:
- Angel One Limited
- Ballarpur Industries Limited
- GTPL Hathway Limited
- Heera Ispat Limited
- India Cements Capital Limited
- Infomedia Press Limited
- Reliance Industrial Infrastructure Limited
- Swaraj Engines Limited
- Waaree Renewable Technologies Limited
- Wipro Limited
As the day unfolds, investors and analysts will be keenly watching these earnings reports for insights into the health of the IT sector and the broader Indian economy. With the ongoing challenges of demand fluctuations and market uncertainties, the results could provide critical information for stakeholders looking to navigate the evolving landscape.
In summary, Wipro's forthcoming Q4 results are pivotal not just for the company but also for understanding the broader trends in the IT industry, which is grappling with various pressures. As the market reacts to these developments, the implications for investors and the economy at large will become clearer.
Stay tuned for live updates on the earnings announcements and market reactions as they unfold throughout the day.
