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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.
The cautious global sentiment may pose headwinds to the Wipro's growth prospects in FY26, noted brokerages.
Wipro reported total bookings of $3.5 billion, as large deal bookings grew 6 percent year-on-year to $961 million. The count for large deals stood at 17 during the quarter, worth a total contract value of $1 billion.
Brokerages hold differing views on the impact of Wipro's wage hikes on its EBIT margins in Q3. While some predict a slight decline in margins, others believe strong cost optimisation measures will offset the impact. Wipro implemented the wage hike in early September.
According to the average of nine estimates compiled by Moneycontrol, Wipro's consolidated net profit for the quarter ended June is expected to rise over 4 percent QoQ to Rs 2,953 crore, while revenue from operations is likely to remain flat.
While some analysts and investors are still digesting the data and reading between the lines, here is a handy summary of the key trends which shaped India Inc’s Q3 show.
Net Sales are expected to increase by 1.9 percent Q-o-Q (up 13.5 percent Y-o-Y) to Rs. 23,684.7 crore, according to KR Choksey.
According to a poll of brokerages, consolidated revenue might come in at Rs 23,436 crore, registering 14.7 percent year-on-year growth
Net Sales are expected to increase by 2.2 percent Q-o-Q (up 16.8 percent Y-o-Y) to Rs. 21,320 crore, according to Motilal Oswal.
Kotak expects Infosys to maintain full year revenue growth guidance at 12-14 percent in constant currency terms and the EBIT margin band at 21-23 percent.
Net Sales are expected to increase by 1.9 percent Q-o-Q (up 27.5 percent Y-o-Y) to Rs. 20,709.5 crore, according to Prabhudas Lilladher.
Management commentary on large deals pipeline and deal closures would be important to gauge confidence on growth continuity and better predictability, says Emkay Global.
Net Sales are expected to increase by 3.7 percent Q-o-Q (up 30.1 percent Y-o-Y) to Rs. 20,388.6 crore, according to Prabhudas Lilladher.
Total contract values are expected to be little changed on a sequential basis. Supply-side challenges remain, but the demand outlook remains strong
Wipro is expected to report 20-50 bps sequential decline in EBIT margin for the quarter ended December 2021, dented by wage hikes and higher attrition rate.
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.
Healthy deal flows are likely to drive revenue growth even though December is generally a lean month due to year-end holidays
The pandemic both disrupted business for India’s IT companies and opened up new opportunities as the need for digitisation grew globally. Deals, clients and hiring were among the key trends that shaped their performance in the quarter ended September.
In the inorganic component, Wipro had completed the $1.5 billion acquisition of Capco on April 29, which is expected to boost company's revenue in Q2FY22.
Net Sales are expected to increase by 6.3 percent Q-o-Q (up 28.4 percent Y-o-Y) to Rs. 19,399.8 crore, according to Prabhudas Lilladher.
The positive surprise in Wipro’s Q1FY22 earnings report reiterates the fact that the bold bets of the new CEO and the razor-sharp focus on growth are paying off
Kotak Institutional Equities estimates an 18.5 percent YoY and 9.1 percent QoQ rise in Wipro's June-quarter net sales
Brokerages expect IT stocks to continue trading at premium valuations given the order pipeline and digitalisation. Infosys, Tech Mahindra and HCL Technologies are the top consensuses picks.
The software services exporter had forecasted revenue growth in the range of 1.5-3.5 percent QoQ in constant currency terms for March quarter 2021.
Net Sales are expected to increase by 2.5 percent Q-o-Q to Rs 15,477.7 crore, according to KRChoksey.