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Wipro Q4 Review - Growth, Outlook At Top Gear: IDBI Capital

Wipro Q4 Review - Growth, Outlook At Top Gear: IDBI Capital

A cyclist rides past a Wipro Ltd. office building in the Electronic City area of Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)
A cyclist rides past a Wipro Ltd. office building in the Electronic City area of Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

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.

IDBI Capital Report

Wipro Ltd.'s Q4 FY21 IT service revenue growth of 3% QoQ in constant currency terms was in-line with our forecast.

IT services Ebit margin of 21%, down 65 basis points QoQ was a beat to our forecast.

Consolidated Ebit margin of 20.5%, down 75 bps QoQ and earnings per share of Rs 5.4, up 3.6%/32% QoQ/YoY was also beat to our forecast.

Q4 FY21 saw another quarter of strong large deal total contract value of $1.4 billion (including one deal with potential of $1 billion) following $1.2 billion in Q3.

Further, along with smaller deals the total TCV of $7.1 billion for H2 FY21 saw a 33% YoY growth.

Click on the attachment to read the full report:

IDBI Capital Wipro Q4FY21 Result Update.pdf

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