Wipro Q4 Review - Success Of Turnaround Visible: Prabhudas Lilladher 
Wipro Ltd. logo. (image: Company website)

Wipro Q4 Review - Success Of Turnaround Visible: 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 Q4 FY21 performance was beat on all counts -

1. revenue grew at 3.9% QoQ US.. dollar (our estimate: 3.5%, consensus: 3.5%)

2. Ebit margin of 21%, 100 basis points beat on our estimates (our estimate: 20%, consensus: 20.5%)

3. strongest ever guidance of 2-4% QoQ constant currency revenue growth (versus our estimates of 1-3% QoQ CC) and

4. strong H2 FY21 order book of $7.2 billion, up 33% YoY.

The company’s growth trajectory has improved since last three quarters and strong organic guidance of 2-4% QoQ (our estimate:1-3%, consensus: 0-2.5%) shows sustainability.

Click on the attachment to read the full report:

Prabhudas Lilladher Wipro Q4FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.