18 Apr 2024 , 10:58 AM
Result date: April 19, 2024
Recommendation: Reduce
Target price: ₹420
Analysts at IIFL Securities are expecting Wipro to post a decline of 0.1% in its cc revenues on a sequential basis. This will be closer to the higher end of the company’s guided range. IT Services EBIT margins are expected to decline 10 basis points sequentially, as muted revenue growth and partial impact of wage hikes are offset by productivity improvements.
Wipro could provide guidance of (0.5) % to 1.5% sequential movement in cc revenues for Q1.
The company’s Profit After Tax (PAT) could grow 11% sequentially.
Important management insights to watch out for:
| March 2024 estimates | QoQ change | YoY change | |
| Revenue (US$ mn) | 2,664 | 0.3% | (5.6)% |
| Revenue (₹ mn) | 222,249 | 0.0% | (4.6)% |
| EBIT (₹ mn) | 36,436 | 10.9% | (3.0)% |
| EBIT margin | 16.4% | 160 bps | 30 bps |
| Profit After Tax (₹ mn) | 29,935 | 11.1% | (2.6)% |
| EPS (₹) | 5.7 | 11.1% | (2.1)% |
Source: IIFL Research
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2024, IIFL Securities Ltd. All Rights Reserved
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
