Preview: India's Wipro set for 'another soft quarter' in Q1, analysts say

Tech Mahindra

16/07/2026 04:50

** Shares of India's IT services firm Wipro WIPR.NS rise 0.5% to 175.60 rupees ahead of first quarter results
** Analysts expect co's Q1 net profit to rise 3.5% Y/Y, rev to grow 12% Y/Y - data compiled by LSEG
** Brokerages, however, expect another soft quarter in constant-currency terms, with investors focused on demand outlook and second-quarter guidance
** Jefferies expects co's IT services revenue to come in near the lower end of the company's outlook, hurt by weak discretionary spending
** Nomura says investors likely to focus on management's outlook for client spending and deal conversions rather than the June-quarter numbers
** Peer Tech Mahindra TEML.NS also set to report Q1 results on Thursday
** WIPR rated "hold" on average by 40 analysts, median PT at 200 rupees - LSEG compiled data
** YTD stock down ~34%, underperforming IT index's .NIFTYIT ~25% drop

 (Reporting by Surbhi Misra and Kashish Tandon in Bengaluru)
 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))