Wipro Share Price Fall Ahead Of Q1 Result: How Will Azim Premji Backed IT Player Perform In Q1FY26?

Azim Premji-backed Wipro share price dropped in the early trade of July 17 ahead of its quarterly earnings for the period ending, June 30, 2025. Wipro currently traded near its intraday low. In Q1FY26, Wipro is expected to report single-digit growth in revenue, while operating margins are likely to expand.

Wipro Share Price:

At the time of writing, Wipro's share price performed at Rs 260.30 apiece, down by 0.91% on BSE, with a market cap of Rs 2,72,864.18 crore. The stock was near its intraday low of Rs 260.25 apiece.

Meanwhile, ahead of its Q1 results, Wipro's American depositary receipt (ADR) on the NYSE surged by over 2% to close at $2.960 overnight. This was near its day's high of $2.970.

Wipro Q1 Results Preview:

"We expect WPRO to report revenue decline of 2.6% in CC & 1.2% in USD terms due to weakness in BFSI & Consumer segments. We expect margins to decline by ~20bps QoQ due to weak Q1 performance. Key monitorables will be the outlook for Q2FY26 and the performance of Capco & discretionary spending outlook," said analysts at Prabhudas Lilladher.

While analysts at Axis Securities added, "We expect Wipro to report revenue growth of 3% QoQ in rupee terms. Its operating margins are likely to expand on account of cost control measures."

Additionally, analysts at Kotak Institutional Equities said, "We forecast a revenue decline of 2.7%, close to the mid-point of -1.5 to 3.5% revenue decline guidance. Weak demand, combined with company-specific factors in Europe, will likely contribute to the weak quarter. We forecast stable EBIT margin despite weak growth. Aggressive cost management, combined with currency tailwinds, should aid margins. We expect large deal TCV to be in the US$1.2-1.3 bn range, a strong outcome, noting the recent aggression on large deal pursuits. Revenue growth guidance for the September 2025 quarter will likely range from -1 to +1%."

Key Factors To Focus In Wipro's Q1 Result:

Investors should focus on (1) reasons for weak Europe revenues, (2) positioning in vendor consolidation deals, where Wipro has a mixed track record, (3) large deal pipeline and win rates, (4) turnaround progress, i.e., catching up with peers on growth, (5) GCC growth strategy and (6) catch-up timeframe on growth with peers, as per Kotak.

According to Axis, key monitorables would be a) Deal TCV/pipeline, b) European business, and c) Outlook on new large deals.

In Q4FY25, Wipro posted a consolidated net profit of Rs 3,569.6 crore, registering a growth of 25.92% YoY and 6.4% QoQ, However, its gross revenue stood at Rs 225,042 crore in Q4FY25, which is mildly up by 1.3% YoY and 0.8% QoQ.Further, IT services segment revenue was at $2,596.5 million, a decrease of 1.2% QoQ and 2.3% YoY. While constant currency IT Services segment revenue decreased by 0.8% QoQ and 1.2% YoY.

That time, for Q1FY26, Wipro announced that it expects revenue from its T Services business segment to be in the range of $2,505 million to $2,557 million. This translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.