Bengaluru-headquartered IT services major Wipro is set to unveil its first quarter earnings on July 19 (Friday). The consolidated revenue during the quarter under review is expected to log marginal increase of 0.4 per cent sequentially to Rs 22,300 crore as against Rs 22,208 crore reported in the previous quarter.

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Revenue in constant currency (CC) terms is expected to log 0.2 per cent sequential growth, while the dollar revenue is likely to fall by 0.1 per cent QoQ. 

IT services segment revenue, meanwhile, is seen to register a marginal decline of 0.1 per cent quarter-on-quarter (QoQ) to Rs 265.5 crore in Q1FY25 in comparison to Rs 265.7 crore reported in the preceding March quarter. 

The company’s consolidated EBIT or earnings before interest and taxes is also seen declining 0.3 per cent sequentially to Rs 3,550 crore versus Rs 3,560 crore in Q4FY25.

IT services operating margin for the June quarter is expected to soar 0.7 per cent or 70 bps to 17.1 per cent from 16.4 per cent in Q4FY24. Consolidated margin, however, is estimated to log marginal decline of 0.1 per cent and is expected at 15.9 per cent.

Net profit at the IT company is estimated to log 3 per cent growth sequentially and come in at Rs 2,920 crore as against Rs 2,835 crore reported in the previous quarter. Zee Business research desk attributes the likely growth in profitability to the company’s consulting business which regained strength during the quarter.

Anand Rathi in its Q1FY25 update on the Indian IT sector said Tier I aggregate is likely to return to growth, nonetheless, Wipro is expected to report a flattish quarter.

Furthermore, the IT major may give +1% to +2% CC earnings growth guidance for FY25.

Ahead of its results tomorrow, shares of the company ended higher by over 2 per cent at Rs 573.20.