Wipro Q3 results preview: PAT may rise 12% YoY, but CC revenue seen weakest among peers
Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.
Estimates for the revenue growth for the October-December 2024 period seem to be varied, but an average of 7 brokerages indicates that the same will grow at 0.6% year-on-year (YoY). Some not so optimistic analysts among the seven have predicted a degrowth of 0.2%.
Net profit for the same period is seen rising 12% YoY, according to an average estimate of these 7 brokers.
In constant currency terms, analysts widely expect revenue to decline 1% quarter-on-quarter (QoQ) due to softness in key verticals of communications and manufacturing. Additionally, furloughs could also weigh on the CC revenue numbers.
EBIT margins will also likely fall due to the wage hike impact for two months in the quarter.
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