INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Wipro climbed 2 per cent in Wednesday's trade ahead of its quarterly results that are scheduled for later in the
Q1FY21, timeline for the appointment of a new CEO, work from home (WFH) measures and the impact of Covid-19 crisis on its business.
The IT
on a sequential basis and 3.6 per cent on a year-on-year basis
EBIT margin and profit after tax (PAT) are likely to expand marginally by 20 basis points and 1.3 per cent on a QoQ basis," according to
Phillip Capital.
The brokerage projected a 40 basis points de-growth in EBIT margin on a YoY basis with flat net profit growth at 0.1 per
cent on a YoY basis.
Brokerage firm Sharekhan expects 4 per cent YoY and 1.1 per cent QoQ sales growth and 1.4 per cent YoY and 2.5 per cent
revenue growth guidance of 0-2 per cent due to cross-currency headwind of around 90 bps
We have baked in business disruptions relating to the recent global outbreak of Covid-19, weakness in BFSI and lower crude prices to our
BPO business due to work from home, capital allocation strategy and guidance for Q1FY21 are other key things to watch in March quarter
According to Dolat Capital, Wipro is likely to guide for 1-3 per cent de-growth in Q1FY21
Sharekhan expects 0-4 per cent margin trajectory considering the impact from coronavirus pandemic.
