Wipro Q2 FY18 consolidated net profit rises 5.5% qoq

India Infoline Research Team | October 17, 2017 16:33 IST

PAT for the quarter came in at Rs 2192 crores, QoQ increase of 5.5%. The company has guided revenue of $ 2014-2054 million for the quarter ended December 31, 2017.

Wipro Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 13,423 [1.5]
EBITDA 2,779 4.2
EBITDA Margin (%) 20.7 112
Net Profit (adjusted) 2,192 5.5
***EBITDA margin change is bps
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Reco. Price

292

Last updated on

13-Oct-2017


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Wipro Ltd.'s consolidated revenue for the quarter came in at Rs. 13423 crores, registering 1.5% QoQ decline. 

EBITDA for the quarter rose by 4.2% QoQ to Rs. 2779 crores with a corresponding margin expansion of 112 bps. EBITDA margin for the quarter stood at 20.7%. This margin expansion was aided by 53.3% QoQ decline in purchase of stock in trade.

PAT for the quarter came in at Rs. 2192 crores, QoQ increase of 5.5%.

Net utilisation for the quarter stood 81.8% vs 80.3% in last quarter. Attrition during the quarter stood at 15.7% vs 15.9% in Q1FY18.

The company has guided revenue of $ 2014-2054 million for the quarter ended December 31, 2017.

Technical View:

Wipro Ltd is currently trading at Rs. 289.35, down by 0.7 points or 0.24% from its previous closing of Rs. 290.05 on the BSE.
The scrip opened at Rs. 292 and has touched a high and low of Rs. 292.50 and Rs. 286.65 respectively. So far 38,18,581(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.


***Note: This is a NSE Chart

 

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