Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the information technology sector. The brokerage house expects Wipro to report a 1.8 percent growth quarter-on-quarter (growth of 1.5 percent year-on-year) in net profit at Rs 1603.3 crore.
Revenues are expected to increase by 3.1 percent Q-o-Q (down 5.5 percent Y-o-Y) to Rs 9905.6 crore, according to Nirmal Bang. Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 7.4 percent Q-o-Q (up 6.2 percent Y-o-Y) to Rs 2094.2 crore.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!
