|Rs in Crore||Dec-20||Dec-19||YOY||Sep-20||QOQ|
|Total Income (Rs cr)||₹ 15,670||₹ 15,471||1.29%||₹ 15,097||3.80%|
|Operating Profit (Rs cr)||₹ 3,336||₹ 2,654||25.70%||₹ 2,779||20.04%|
|Net Profit (Rs cr)||₹ 2,998||₹ 2,463||21.71%||₹ 2,484||20.66%|
|Diluted EPS (Rs)||₹ 5.17||₹ 4.30||₹ 4.32|
Key takeaways from the Dec-20 quarter results
- Wipro had consistently fallen behind in the net operating margin game. On a comparable, the OPM at 21.3% is still below what the likes of Infosys and TCS announce but the sharp improvement is signalling a good trajectory.
- Wipro does provide guidance and that is also robust. If you look at the Q4 guidance provided by Wipro it indicates a sequential growth in the range of 1.5% to 3.5% in top line revenues. Margins are likely to stabilize around this range.
- Wipro has seen a sharp improvement in the demand picture in digital transformation, digital operation and cloud services. Five of their key verticals have shown sequential growth of above 4% which is considered a healthy sign.