IT major Wipro is expected to register revenue growth up to 3 per cent quarter-on-quarter (QoQ) to Rs 23,497 crore in the December quarter of this fiscal year (Q3FY23), in-line with the management's guidance set in the range of 0.5-2 per cent. The company is due to announce its results on Friday, January 13.
Higher furloughs and two-month wage hike impact, however, is likely to keep margins flattish at 15.1 per cent in Q3FY23, cautioned analysts. Profit-after-tax (PAT), meanwhile, is expected to rise up to 10 per cent QoQ to Rs 3,057 crore from Rs 2,659 crore. However, a decline of up to 7 per cent is likely on a year-on-year (YoY) basis, suggested reports from five brokerage houses.