Wipro, the Bengaluru-based IT services giant, is set to announce its first-quarter earnings on July 19 (Friday). The company is anticipated to report a slight revenue increase of 0.4% sequentially, reaching Rs 22,300 crore, compared to Rs 22,208 crore in the previous quarter.
Wipro Q1 Preview Net Profit Set to Rise 3 per cent
In constant currency (CC) terms, Wipro’s revenue is projected to grow by 0.2% sequentially, while dollar revenue is expected to see a minor decline of 0.1% QoQ. The IT services segment revenue is likely to dip by 0.1% quarter-on-quarter to Rs 265.5 crore, down from Rs 265.7 crore reported in Q4FY25.
EBIT, Wipro Q1 Preview Net Profit Set to Rise 3 per cent
The consolidated EBIT (earnings before interest and taxes) is forecasted to drop slightly by 0.3% sequentially to Rs 3,550 crore, compared to Rs 3,560 crore in the previous quarter. Despite this, the IT services operating margin for the June quarter is expected to rise by 0.7% or 70 basis points to 17.1%, up from 16.4% in Q4FY24. However, the consolidated margin is estimated to see a slight decline of 0.1%, settling at 15.9%.
Net profit is projected to grow by 3% sequentially, reaching Rs 2,920 crore, up from Rs 2,835 crore in the previous quarter. According to the stock 24 news research desk, this growth in profitability is attributed to the resurgence of the company’s consulting business.
Anand Rathi, in its Q1FY25 update on the Indian IT sector, mentioned that while Tier I aggregate is likely to return to growth, Wipro is expected to report a flat quarter. Additionally, the IT major may issue a FY25 earnings growth guidance of +1% to +2% in constant currency terms.
Ahead of its earnings release, Wipro shares ended higher by over 2%, closing at Rs 573.20.
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