Wipro Q2 PAT seen up 10.8% at Rs 1807.9 cr: ICICIdirect

ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the information & technology sector. The brokerage house expects Wipro to report a 10.8 percent growth quarter-on-quarter (growth of 2.9 percent year-on-year) in net profit at Rs 1,807.9 crore.

Revenues of Wipro are expected to increase by 14.5 percent Q-o-Q (growth of 20.2 percent year-on-year) to Rs 11,144.5 crore, according to ICICIdirect.com.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.2 percent Q-o-Q (up 20.4 percent Y-o-Y) to Rs 2,408.5 crore.

ICICIdirect.com's Report on Wipro:

IT service revenues could grow 3.7 percent, 14.5 percent Q-o-Q to USD 1,647 million, Rs 11,145 crore, respectively. EBIT margins may rise 83 bps to 19 percent primarily led by currency partially offset by two-month impact of wage hikes. Investor interest: Q3FY14E guidance, telecom vertical outlook, new deal wins and client mining initiatives.

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