Wipro and Tech Mahindra shares rise ahead of June-quarter results; Street eyes 12–14% sales growth at Wipro
AI Market Summary
Wipro and Tech Mahindra trade modestly higher ahead of Q1 results, with consensus expecting mid-teens revenue growth for both, but divergent profit trajectories (Wipro flat, TechM up ~40% YoY). Commentary points to muted Wipro constant-currency growth from delayed ramp-ups and softer US BFSI, while TechM benefits from telecom deal ramp-ups and stable margins. Near-term sensitivity centers on margins, guidance, and deal TCV.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.21%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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India’s IT services firms Wipro and Tech Mahindra are set to report their fiscal 2025 first-quarter results for the June-ended period. The market expects Wipro’s revenue to rise 12–14% year on year while profit is seen largely flat, while Tech Mahindra’s profit is projected to jump 39–40% on 15–16% revenue growth. In pre-earnings trade, the two stocks were up 1.58% and 1.68%, respectively. Brokerages have also shared detailed forecasts spanning revenue, profit, margins and deal wins.
