Moneycontrol PRO
HomeNewsBusinessEarningsWipro Q1 net seen down 3.7% to Rs 2153 cr: Edelweiss Securities

Wipro Q1 net seen down 3.7% to Rs 2153 cr: Edelweiss Securities

Revenues are expected to increase by 1.3 percent Q-o-Q (up 12.9 percent Y-o-Y) to Rs 13812.9 crore, according to Edelweiss Securities.

July 19, 2016 / 09:54 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Edelweiss Securities has come out with its first quarter (April-June) earnings estimates for the technology sector. The brokerage house expects Wipro to report a 3.7 percent degrowth quarter-on-quarter (degrowth of 1.6 percent year-on-year) in net profit at Rs 2152.9 crore.Revenues are expected to increase by 1.3 percent Q-o-Q (up 12.9 percent Y-o-Y) to Rs 13812.9 crore, according to Edelweiss Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 1.8 percent Q-o-Q (up 5.7 percent Y-o-Y) to Rs 2755.2 crore.Edelweiss Securities' Report on Wipro:Wipro to post USD revenue growth of 2 percent Q-o-Q and cross currency impact of 40bps. EBITDA margin estimated decline by 70bps due to one month wage hike. Update on demand outlook and investment in digital to be keenly watched.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Jul 19, 2016 09:54 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347