Wipro Q3 PAT seen up 0.7% QoQ to Rs. 2,952.6 cr: ICICI Direct

ICICI Direct has come out with its third quarter (October-December’ 21) earnings estimates for the IT sector. The brokerage house expects Wipro to report net profit at Rs. 2,952.6 crore up 0.7% quarter-on-quarter (down 0.5% year-on-year).

Net Sales are expected to increase by 2.9 percent Q-o-Q (up 29.2 percent Y-o-Y) to Rs. 20,237.8 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2.3 percent Q-o-Q (up 4.5 percent Y-o-Y) to Rs. 4,362.7 crore.

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