ADVERTISEMENT
Wipro Q4 Review — Weak Results; Tariff Disruption To Delay Recovery Further; Dolat Capital Cuts Target Price
Although valuations have eased, growth outlook remains hazy, thereby, Dolat Capital maintains ‘Reduce’ rating with target price of Rs 260 at 20x FY27E earnings.
17 Apr 2025, 09:25 AM IST 
Save
Wipro’s IT services reported a constant currency revenue QoQ decline of 0.8% (versus Dolat Capital's estimate flat revenue), led by broad-based decline across most verticals.
(Photo source: Vijay Sartape/NDTV Profit)
Wipro's total contract value wins/large deal wins at $4 billion/$1.8 billion were healthy, but Q1 FY26 guidance of –3.5% to -1.5% CC growth builds in significantly heightened macro uncertainty affecting client spends and slow deal win conversions, implying FY26 to be another year of muted growth.
