Choice Equity Broking's report on Wipro
Revenue for Q4FY25 came at INR 225.0Bn, up 1.3% YoY and up 0.8% QoQ (vs Consensus est. at INR 226.8Bn). EBIT for Q4FY25 came at INR 38.8Bn, up 9.5% YoY and 0.8% QoQ (vs consensus est. at INR 39.2Bn). EBIT margin was up 128bps YoY and flat QoQ to 17.3% (vs consensus est. at 17.2%). PAT for Q4FY25 came at INR 35.8Bn, up 25.5% YoY and 6.6% QoQ (vs consensus est. at INR 33.6Bn).
Outlook
The company’s success hinges on leveraging its AI and consulting strengths and improving performance in key markets. Consequently, we’ve downgraded our rating to REDUCE and lowered the target price to INR 252 implying a PE of 19x (earlier 21x), based on FY27E EPS of INR13.3.
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