Wipro’s key products/revenue segments include Software Services, Networking, Storage equipment, Servers, Software Licenses for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 23692.50 crore, up 1.58% from last quarter Total Income of Rs 23322.90 crore and up 3.64% from last year same quarter Total Income of Rs 22861.20 crore. The company has reported net profit after tax of Rs 3559 crore in the latest quarter. The company?s top management includes Mr.Rishad A Premji, Mr.Srinivas Pallia, Mr.N S Kannan, Mr.Ireena Vittal, Mr.Patrick Dupuis, Dr.Patrick J Ennis, Mr.Deepak M Satwalekar, Ms.Tulsi Naidu, Mr.Azim H Premji, Mr.Paivi Rekonen. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 1,047 crore shares outstanding.
Investment Rationale
Wipro’s Q1FY26 revenue guidance of -3.5% to -1.5% QoQ CC is the weakest ever (except Covid and GFC quarters), implying heightened uncertainty in client decision making due to global tariff war. Guidance factors in a pause in large transformation projects, ramp downs and delays in decision making. Large deal wins were strong (+17% YoY), but total bookings were down 4% YoY due to softness in smaller discretionary deals (down 13.4% YoY) in FY25. Weak guidance implies continued underperformance and yet another year of revenue decline for Wipro in FY26. ICICI Securities cuts its EPS estimates by 5%/4% for FY26/27E led by a cut in revenue estimates and currency (INR/USD) rate. They continue to value Wipro at 18x from Q4FY26 to Q3FY27 EPS of Rs 13 to arrive at a revised target price of Rs 230. The brokerage maintains REDUCE.
Promoter/FII Holdings
Promoters held 72.73 per cent stake in the company as of 31-Mar-2025, while FIIs owned 8.35 per cent, DIIs 7.45 per cent.
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