#wipro

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Steady demand from the banking, financial services, and insurance vertical, sharp depreciation of the rupee against the dollar, and the absence of one-off costs related to new labour code provisions may help Wipro Ltd. report net profit growth for the March quarter, the first in 2025-26 (Apr-Mar). Similarly, the company's top line for the quarter is expected to grow at its fastest pace in over three years, thanks to the two-month revenue contribution from its recent acquisition of the digital transformation solutions business unit of HARMAN International. However, analysts are divided on how the company will fare in terms of margin for the quarter. The information technology major's consolidated net profit for the March quarter is expected to rise around 3% sequentially to INR 35.11 billion, according to the average of the estimates from 18 brokerages. This follows a 2.5-6.7% sequential decline in its bottom line in the previous three quarters. However, on a year-on-year basis, the company's bottom line is expected to decline nearly 2%, the second straight quarter of a fall after rising for six consecutive quarters.

Wipro is giving its whole company a "brain upgrade" using Google's Gemini AI to work much faster and will soon sell 200+ AI helpers to others.