Wipro Q3 Review: Second Consecutive Quarter Of Strong Performance, Sharp Beat In Margin, Says Prabhudas Lilladher 
Employees walk in the forecourt of a Wipro building at the Wipro Ltd. campus located in the Sarjapura area of Bangalore, India. (Photographer: Vivek Prakash/Bloomberg)

Wipro Q3 Review: Second Consecutive Quarter Of Strong Performance, Sharp Beat In Margin, Says Prabhudas Lilladher 

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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:

Prabhudas Lilladher Wipro Q3FY21 Result Update.pdf

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