Wipro Q2 PAT seen up 8.4% QoQ to Rs. 3,340 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its second quarter (July - September’ 26) earnings estimates for the IT sector. The brokerage house expects Wipro to report net profit at Rs. 3,340 crore up 8.4% quarter-on-quarter (up 4.2% year-on-year).

Net Sales are expected to increase by 2.4 percent Q-o-Q (up 1.6 percent Y-o-Y) to Rs. 22,670 crore, according to Prabhudas Lilladher.

Earnings before interest and Taxes (EBIT) are likely to rise by 1 percent Q-o-Q (up 3.8 percent Y-o-Y) to Rs. 3,850 crore.

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