WIPRO

heads into Q1 FY26 with modest expectations

's Revenue should stay flat to up 2% year-on-year around ₹22,000-22,350 crores, weighed down by Europe-driven weakness. Profits may rise 5-12% to ₹3,160-3,350 crores, helped by cost controls and favorable currency movements. Margins should hold steady with EBIT growth of 2-7%, though sequential softness seems likely. At current levels, Wipro offers stability without the boom potential. A soft beat with constructive guidance might steady the stock, but real upside requires stronger deal flow and regional recovery. It's essentially a defensive play in a challenging environment—decent for stability seekers but lacking the catalyst for meaningful re-rating.