Moneycontrol
Jul 20, 2017 07:10 PM IST | Source: Moneycontrol.com

Wipro Q1 PAT may dip 8.9% QoQ to Rs 2059.9 cr: Edelweiss

Net Sales are expected to decrease by 4 percent Q-o-Q (down 1.3 percent Y-o-Y) to Rs 13425.5 crore, according to Edelweiss. Wipro to report net profit at 2059.9 crore down 8.9% quarter-on-quarter.

Wipro Q1 PAT may dip 8.9% QoQ to Rs 2059.9 cr: Edelweiss

Edelweiss has come out with its first quarter (April-June) earnings estimates for the Information Technology sector. The brokerage house expects Wipro to report net profit at 2059.9 crore down 8.9% quarter-on-quarter (up 0.4% year-on-year)


Net Sales are expected to decrease by 4 percent Q-o-Q (down 1.3 percent Y-o-Y) to Rs 13425.5 crore, according to Edelweiss.


Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.5 percent Q-o-Q (up 2.8 percent Y-o-Y) to Rs 2726.4 crore.


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