Wipro will announce Q4 FY25 results on April 16; brokerages expect flat revenue growth, a 2.6% YoY rise, and muted margins due to weak demand
Wipro Ltd has scheduled financial report announcements for its January-March quarter on Tuesday, April 16th, 2024. The board meeting dedicated to approving fourth-quarter results will extend until April 17. Trading experts forecast minimal change in performance during this period because of seasonal market decay and broader economic factors.
The security trading period at Wipro is currently in effect from March 16 to April 18. Shareholders anticipate no upcoming corporate activities during results week, including dividends, stock splits, and bonus share distributions. Market participants expect Wipro shares to finish at ₹244.10 with a 1.79% increase one day before the announcement date. Year over year, during this time, the stock price amounted to ₹239.80.
Brokerage Firms Project Flat Revenue and Tight Margins
The leading brokerage firms predict that Wipro will generate ₹22,776.1 crore in revenue during this fiscal year with minimal effects from annual and sequential events in constant currency. JM Financial analysts expect Wipro to produce a 21% growth in profit to ₹3,484.9 crore during this period. The firm sees cautious sentiment prevailing due to continued economic uncertainties. The analysts at Kotak Institutional Equities anticipate Wipro’s constant currency revenue will fall by 0.5%, which aligns with the company’s lowest guidance range.
The brokerage forecasts Q4 net profit to reach ₹3,410.9 crore and expects FY26 revenue guidance to fall within the -0.5% to +1.5% range. Motilal Oswal Financial Services predicts flat revenue patterns because of poor performance in the Energy Manufacturing and Resources sectors, alongside weak European and APMEA market performance. According to forecasts, the APMEA markets and those in Europe will continue to demonstrate lower revenue levels. The operating margin for Wipro during this quarter will stay between 17% and 17.5%.
Elara Capital Expects Modest Decline in Profits and Margins
Elara Capital foresees net profit to decrease by 2.2% quarter over quarter and expects it to reach ₹3,280.3 crore. The brokerage attributes the drop to seasonal factors and a slowdown in demand. The company predicts that, in dollar terms, revenue will decline following this period.
Elara Capital forecasts a 10-basis-point deterioration of margins because of inadequate revenue performance. The company expects continued cost management to reduce the effects on revenue. Elara Capital issued a “Sell” rating because it anticipated stock values to decrease by 3% for investors. Quarterly financial results from Wipro will demonstrate an unfavourable operating ecosystem that features seasonality effects and decreased client investments in essential market segments.
