Wipro Q3 Review: Second Consecutive Quarter Of Strong Performance, Sharp Beat In Margin, Says Prabhudas Lilladher
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Wipro Ltd.’s revenue grew at 3.4% QoQ constant currency (our estimate 3%, consensus 3.2%) and 3.9% QoQ in U.S.dollar terms.
Revenue growth was broad based growth led by 5.6% QoQ rise in energy and utilities, 5.2% QoQ in consumer business unit and 5.5% QoQ growth in health business unit (all in reported terms).
Sharp margin beat positively surprised us, re-inforcing Wipro’s strategy of profitable growth.
Ebit margins came at 22 quarters high at 21.7% (up 243 basis points QoQ and up 329 basis points YoY) versus our estimates of 19.0% and consensus: 19.1%.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.