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Wipro shares succumbed to sector-wide selling pressure on Thursday as investors awaited the Bengaluru-headquartered IT major's financial results due later in the day. In afternoon deals, the Wipro stock--part of the Nifty50 and Nifty IT indices--was trading 0.7 per cent lower at Rs 260.9, in some recovery after falling as much as 1.0 per cent to Rs 260 in intraday trade.
The stock was on track to finish lower after rising 3.4 per cent in the past two back-to-back sessions.
The IT index fell more than one per cent lower amid a mixed bag of Tier 1 results so far. ALSO READ: Market guru Anil Singhvi calls Tech Mahindra Q1 results best in IT pack; should you buy, sell or hold stock?
Wipro Q1 FY26 Results Preview | What to expect in Bengaluru-based IT firm's upcoming earnings report?
Wipro is estimated to register a 13.8 per cent sequential fall in its net profit to Rs 3,076 crore for the quarter ended June 30, according to Zee Business research.
Its revenue is expected to decline 2.9 per cent to Rs 21,858 crore.
The analysts expect the IT company's revenue to decline 2.5 per cent in constant currency terms.
Wipro Q1 Earnings Preview | How will the company fare operationally?
Zee Business analysts have pegged Wipro's quarterly earnings before interest and taxes (EBIT) at Rs 3,732 crore, marking a decline of 4.5 per cent in comparison to the previous three months.
They estimate its EBIT margin--a key measure of profitability--for the April-June period at 17.1 per cent, as against 17.4 per cent for the previous three months.
Read more on what to expect in Wipro Q1 earnings
For the final quarter of FY25, Wipro staged a mixed financial performance with a 6.4 per cent quarter-on-quarter increase in its net profit to Rs 3,569.6 crore that was better than analysts' estimate of Rs 3,291.8 crore.
Its IT services margin declined by 10 basis points to 17.4 per cent, whereas analysts had expected its margin to remain stable. Read more on Wipro Q4 results
Wipro shares
The IT stock has declined about 13 per cent so far in 2025, underperforming a 6 per cent rise in the Nifty50 and in line with a 14 per cent fall in the Nifty IT.
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