Wipro Q2 Results Preview: Revenue seen down up to 2% YoY, Q3 CC guidance at -1% to 1%
Wipro is expected to report a revenue decline of 1.1% to 1.7% on a year-on-year (YoY) basis for the quarter ended September 30, 2024, according to average estimates from five brokerages, which have pegged the topline in a range of Rs 22,134 crore to Rs 22,516 crore.
Estimates for the company's net profit growth for Q2 are expected to range between 5.5% and 19.5%, resulting in PAT of Rs 2,646 crore to Rs 3,161 crore.
JM Financial has the most conservative revenue figures, while Nuvama Institutional Equities remains the most bullish among the brokerages considered. The other brokerages include PhillipCapital, Sharekhan, and Axis Securities.
Regarding PAT, JM Financial is the most optimistic, followed by Axis Securities, while Nuvama takes a more conservative stance.
The company is expected to provide revenue guidance ranging from -1% to 1% for Q3 FY25. Key monitorables will include the management's commentary on new deal ramp-up and future visibility.
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