Wipro shares under selling pressure ahead of Q4 results

As far as the Q4 earnings are concerned, the numbers are likely to be another forgettable one for Dalal Street as weak demand environment continued to weigh on growth. The company’s consolidated revenue for the reporting quarter is expected to be flat sequentially and decline 4.3% year-on-year (YoY) to Rs 22,185 crore, according to the average estimates given by 10 brokerage firms.

Consolidated net profit, though, is likely to rise by nearly 4% sequentially, but decline a sharp 9% YoY to Rs 2,799 crore, the estimates showed.

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Wipro had guided revenue growth to be in the range of -1.5% to +0.5% quarter-on-quarter in constant currency terms.

"We expect 0.5% QoQ decline in USD revenue growth in IT services segment after factoring 20bps cross-currency tailwinds. We expect IT services EBIT margins to remain flattish sequentially. Overall, EBIT margin to expand 110bps QoQ due to absence of one-off, right-sizing actions," Emkay Global said.



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