Wipro Q4 preview: After more or less in-line Q4 results by Tata Consultancy Services (TCS) and a disappointing set of numbers by Infosys, all eyes are on their peer Wipro, which is slated to release its March quarter numbers (Q4FY24) today, April 19.

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The company is expected to post muted numbers for the quarter under review. Its consolidated revenue in rupee terms, as per Zee Business Research, will be flat at Rs 22,200 crore against Rs 22,205 crore logged in the third quarter of the previous fiscal. IT Service's revenue in US dollar terms is seen at Rs 266 crore, against Rs 265.6 crore in Q3 FY24, up 0.2 per cent. 

Consolidated EBIT, or earnings before interest and taxes, is expected to rise 7.1 per cent QoQ to Rs 3,500 crore against Rs 3,267 crore registered in the previous quarter. The consolidated margin is seen at 15.8 per cent from 14.7 per cent recorded in the previous quarter, while the IT Service margin is pegged at 16.5 per cent against 16 per cent in the December quarter. 

Profit after tax (PAT) is expected to rise 5.8 per cent QoQ to Rs 2,850 crore from Rs 2,694 crore logged in the previous quarter. 

The company's revenue in constant currency (CC) terms is expected to fall by 0.4 per cent. The Consulting business is expected to see an impact due to a reduction in clients' expenses. Wipro is expected to guide the CC growth rate in the range of -0.5 per cent to +1.5 per cent. 

Commentaries on revenue conversion, consulting, and deal pipelines will be the key monitorables.

Earlier this month, Thierry Delaporte resigned as CEO of Wipro, and the company announced that Srinivas Pallia, a 32-year-old veteran of the company, will take over as CEO and managing director from April 7, adding Delaporte was leaving to "pursue passions outside the workplace."

In a year, shares of Wipro have gained over 23 per cent. In comparison, the benchmark Nifty50 has surged nearly 25 per cent during the window.