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Wipro Q4 Result Review— Downtrend In Revenue Growth Continues With Yet Another Weak Guidance: ICICI Securities
ICICI Securities continues to value Wipro at 18x from Q4 FY26 to Q3 FY27 earnings per share of Rs 13 to arrive at a revised target price of Rs 230, maintain Reduce rating on the stock.
17 Apr 2025, 11:22 AM IST 
Wipro guided for IT services revenue growth to be -3.5% to -1.5% QoQ CC in Q1FY26, weakest ever QoQ growth at mid-point (excluding Covid and GFC quarters), says ICICI Securities.(Photo source: Vijay Sartape/NDTV Profit)
Weak guidance implies continued underperformance and yet another year of revenue decline for Wipro in FY26. We cut our EPS estimates by 5%/4% for FY26/27E led by a cut in revenue estimates and currency (INR/USD) rate.
