Wipro Q1 Results Takeaways: How brokerages view earnings report; should you buy/sell/hold this stock?

Wipro Ltd on Thursday reported an 11 per cent year-on-year (YoY) rise in net profit to Rs 3,330.4 crore for the quarter ended June 30, 2025 (Q1FY26), compared to Rs 3,003.2 crore in the same period last year.

The company’s revenue from operations stood at Rs 22,134.6 crore, a marginal 0.8 per cent YoY increase from Rs 21,963.8 crore. However, revenue declined 1.6 per cent sequentially from Rs 22,504.2 crore in Q4FY25, reflecting continued weakness in discretionary tech spending.

Brokerage Views on Wipro:

Jefferies maintained an ‘Underperform’ rating, raising its target to Rs 235 from Rs 200, citing modest growth despite an earnings beat.

Morgan Stanley retained ‘Equal-weight’ with a target raised to Rs 285 (from Rs 265), highlighting strong large-deal wins and positive Q2 guidance.

CLSA continued with an ‘Accumulate’ rating, trimming its target to Rs 319 from Rs 324.

JP Morgan stayed ‘Neutral’, with a target of Rs 260, taking a balanced view on execution risk and market environment.

Citi reiterated a ‘Sell’ call, with a target of Rs 235, warning of persistent sector headwinds.

Macquarie remained ‘Outperform’, with a bullish target of Rs 290, citing improved capital allocation and profitability potential.

Nomura maintained its ‘Buy’ rating, revising the target to Rs 310, expecting growth momentum in the second half of FY26.

Investor Check: Buy, Sell or Hold?

While Wipro’s profit beat has impressed the Street, the muted revenue growth and sequential decline remain key concerns. Deal wins and stable guidance offer some optimism, but brokerages remain divided.

Investors with a long-term view may consider holding or selectively accumulating, while cautious traders might prefer to wait for clearer signs of revenue recovery in the coming quarters.