In rupee terms, revenue is expected to increase 4.1% to ₹24,343 crore from ₹23,378.1 crore.
EBIT for the quarter is estimated at ₹4,158 crore, slightly higher than ₹4,115 crore in Q3, while EBIT margins are likely to decline to 17.1% from 17.6%.Constant currency revenue growth is expected to be modest at 0.4-0.5%, largely driven by the Harman DTS acquisition, which is estimated to contribute 1.5-2%.
On an organic basis, revenue is likely to decline around 1%.
Margins are expected to remain under pressure, with a contraction of about 50 basis points.
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While currency depreciation could provide a tailwind of 50-60 basis points, this is likely to be offset by the impact of one month of wage hikes, acquisition-related costs, and expenses linked to large deal ramp-ups.The key monitorable will be Q1 FY27 guidance.
Brokerages such as CLSA, JPMorgan, Morgan Stanley, and UBS expect constant currency growth in the range of -2.0% to 0.0% quarter-on-quarter, while Nomura and Citi see a range of -1.0% to +1.0%.
Wipro has also announced that it will consider a share buyback at its April 16 board meeting, with expectations pegged at ₹16,000-18,000 crore.
In terms of deal wins, the company recently secured a $1 billion, eight-year strategic transformation deal with Olam Group.
As part of the agreement, Wipro will acquire a 100% stake in Mindsprint Pte. Ltd for $375 million in cash.
CLSA said that under CEO Srini Palia, Wipro has seen improved momentum in large deal wins and a sharper focus on key accounts. However, it highlighted that consistent revenue growth and market share gains have remained elusive.
The brokerage pointed to early signs of improved execution under the new leadership, backed by a five-pronged turnaround strategy focused on accelerating large deals, strengthening client relationships, building AI-led consulting capabilities, developing AI-ready talent, and simplifying the operating model.
Despite the pickup in large deals, CLSA cautioned that revenue conversion has been slow, and margins are likely to remain range-bound due to upfront costs related to deal ramp-ups and restructuring.
Shares of Wipro are trading 0.89% lower on Monday at ₹203.06. The stock is down 24% so far this year.
