Wipro Q1 earnings: Profit growth, deal wins, revenue guidance and symmetrical triangle signal

IT major Wipro will announce its June quarter earnings today after market hours. The company is expected to report lower-than-expected earnings in line with its peers.

According to experts, Wipro's Q1 revenue could remain in the range of ₹22,050 to ₹22,210 crore, up 0-1.5% YoY. Sequentially, revenue could drop marginally. The company registered revenues of ₹22,504 crore in Q4FY25 and ₹21,964 crore in the same quarter last year.

Meanwhile, its consolidated net profit could increase by 7-8% YoY to ₹3,210 to ₹3,350 crore but could remain 7-10% lower sequentially. Wipro reported a net profit of ₹3,588 crore in Q4FY25 and ₹3,037 crore in the June quarter of FY25. Wipro's EBIT margin is expected to remain flat in the range of 17% to 17.6% during the quarter.

During the result announcement, investors will closely track Wipro's revenue growth guidance for upcoming quarters, new deal wins and management’s commentary on business outlook amid U.S. tariffs.

Ahead of its result, Wipro ended Wednesday’s session 2% higher at ₹263. So far this year, Wipro shares are down 13%, along with other IT stocks, amid uncertainty around U.S. trade tariffs.

Technical view

The technical structure of Wipro remains sideways to bullish and is forming a symmetrical triangle pattern on the daily chart. However, the stock is trading below its crucial support zone of 200-day exponential moving average (EMA), indicating weakness.

For short-term clues, traders can monitor the breakout or breakdown of the symmetrical triangle pattern. A break above or below this zone, supported by volume will provide further clues.

Options outlook

The open interest data of the July 31st expiry saw a significant call open interest base at 270 strike, indicating resistance for the stock around this zone. Conversely, the put base was seen at 250 strike with relatively low volume, hinting at minor support for the stock around this level.

With Wipro’s at-the-money strike at ₹260, both the call and put options at this strike are priced at ₹14. This pricing suggests that the market is expecting a move of around ±5.3% before the July expiry. To assess whether that's a reasonable expectation, let’s look at how Wipro has reacted around past earnings announcements.

Options strategy for Wipro

Based on options data suggesting a potential price movement of ±5.3%, traders have the opportunity to engage in either a long or short volatility strategy.

For those looking to capitalise on the expected volatility, the Long Straddle strategy is appropriate. This involves buying both an at-the-money (ATM) call and put option with the same strike price and expiry of Wipro, with the aim of profiting from a move of more than ±5.3% in either direction.

On the flip side, the Short Straddle strategy is suitable for scenarios where volatility is expected to fall. In this approach, a trader would sell both an ATM call and put option with the same strike price and expiry, implying that the price of Wipro will remain within a range of ±5.3% after the earnings release.

Meanwhile, traders seeking a directional approach on break of the symmetrical triangle pattern can consider directional spreads. The bull call spread and bear put spread strategies provide a refined alternative to simple option buying.