Eternal, Wipro shares rise marginally ahead of Q2 results; here's what analysts expect

Eternal, Wipro shares rise marginally ahead of Q2 results; here's what analysts expect

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26 Aug, 2025 12:21

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Shares of Eternal and Wipro were trading 0.7% higher each ahead of the announcement of their second quarter results.

Online delivery firm Eternal (parent of Zomato) could see profit margins improve slightly in the second quarter, analysts said, after at least a year of accelerating losses in its quick commerce arm due to higher costs.

At least four analysts expect Blinkit's adjusted core loss to narrow sequentially from Rs 162 crore in the first quarter. ICICI Securities and Elara Capital expect the loss to shrink to about Rs 100 crore in the second quarter.

ICICI Securities and Motilal Oswal expect Blinkit's adjusted EBITDA margin loss at between 0.7% and 0.6% in the second quarter compared to an EBITDA margin loss of 1.4% in the previous quarter, as a higher store count brings down cost per order.

At 11:40 am on October 16, Eternal shares were trading 0.7% higher at Rs 356.8 apiece.

Meanwhile, analysts, on average, expect Wipro to post 1.7% YoY rise in second-quarter consolidated revenue to Rs 22,690 crore, per data compiled by LSEG.

Brokerage Motilal Oswal expects 0-3% constant currency growth for Wipro, mainly from the Harman acquisition and flat organic growth.

It added that margins remain tight (16.3%), with stronger performance anticipated in H2 due to deal closures and ramp-ups.

Citi Research expects fiscal 2026 to be the third straight sluggish year for IT, while Ambit Capital warned that weak macros and policy uncertainty could cap 2027 rebound.

Earlier this month, Wipro's peers Tata Consultancy Services TCS and HCLTech beat quarterly revenue estimates and said they expect the second half of this fiscal to be better than the first in terms of overall demand.

At 11:45 am on October 16, Wipro shares were trading 0.7% higher at Rs 252 apiece.

With inputs from Reuters