Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts

On the bourses, Wipro underperformed peers as shares dropped 0.5 per cent, while TCS, HCL Technologies, and Infosys rose up to 11 per cent in Q3FY23

Wipro
Web Exclusive Premium

Lovisha Darad New Delhi
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.
 
On

First Published: Jan 12 2023 | 1:42 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com