Wipro Q2 PAT seen down 3.8% to Rs 1520 cr

Country's third largest software services exporter Wipro's consolidated profit after tax is likely to go down by 3.8 percent quarter-on-quarter to Rs 1520 crore in the quarter ended September 2012.

Consolidated revenues are seen going up by 1.6 percent QoQ to Rs 10,867 crore during the same period.

Analysts feel the company will also disappoint the street on EBIT level. Earnings before interest and tax (EBIT) is expected to decline to Rs 1,770 crore from Rs 1,872.2 crore QoQ.

EBIT margin fell by 123 basis points QoQ to 16.34 in the July-September quarter of FY13.

In case of Wipro's IT services business, analysts expect light quarter since guidance was anyway muted + wage hike will impact margins.

Dollar revenues are seen going up 1.6 percent to USD 1540 million versus USD 1515 million while the guidance growth projected by the company at 0.3 percent - 2.3 percent to USD 1520 million - USD 1550 million.

Rupee revenues are likely to rise by 1.9 percent to Rs 8475 crore from Rs 8314 crore.

EBIT is seen falling to Rs 1675 crore from Rs 1744 crore and EBIT margin will also fall to 19.7 percent versus 20.97 percent QoQ.