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*Wipro ltd.* | *CMP* Rs. 672 | *M Cap* Rs. 368311 Cr | *52 W H/L* 699/331
(Nirmal Bang Retail Research)
Expect the revenue from IT Services business to be in the range of $2,631 million to $2,683 million(2-4%)
*Result is above expectation*
CC QoQ came at 8.1% vs expectation of 6.9%, QoQ 12%, YoY 2%
Dollar revenue came at $ 2580 Mn,(6.9% QoQ, 29.5% YoY) vs expectation of $ 2575.3 Mn, QoQ $ 2414.5 Mn, YoY $ 1992.4 Mn
Net sales came at Rs. 19667.4 Cr (7.8% QoQ, 30.1% YoY) vs expectation of Rs. 19363.4 Cr, QoQ Rs. 18252.4 Cr, YoY Rs. 15114.5 Cr
EBIT came at Rs. 3397.2 Cr (8.2% QoQ, 21.4% YoY) vs expectation of Rs. 3218.3 Cr, QoQ Rs. 3141 Cr, YoY Rs. 2797.5 Cr
EBIT Margin came at 17.3% vs expectation of 16.6%, QoQ 17.2%, YoY 18.5%
Adj. PAT came at Rs. 2930.5 Cr vs expectation of Rs. 2875.2 Cr, QoQ Rs. 3232.1 Cr, YoY Rs. 2465.6 Cr
Quarter EPS is Rs. 5.3
Stock is trading at P/E of 30.4x FY22E EPS
(Nirmal Bang Retail Research)
Expect the revenue from IT Services business to be in the range of $2,631 million to $2,683 million(2-4%)
*Result is above expectation*
CC QoQ came at 8.1% vs expectation of 6.9%, QoQ 12%, YoY 2%
Dollar revenue came at $ 2580 Mn,(6.9% QoQ, 29.5% YoY) vs expectation of $ 2575.3 Mn, QoQ $ 2414.5 Mn, YoY $ 1992.4 Mn
Net sales came at Rs. 19667.4 Cr (7.8% QoQ, 30.1% YoY) vs expectation of Rs. 19363.4 Cr, QoQ Rs. 18252.4 Cr, YoY Rs. 15114.5 Cr
EBIT came at Rs. 3397.2 Cr (8.2% QoQ, 21.4% YoY) vs expectation of Rs. 3218.3 Cr, QoQ Rs. 3141 Cr, YoY Rs. 2797.5 Cr
EBIT Margin came at 17.3% vs expectation of 16.6%, QoQ 17.2%, YoY 18.5%
Adj. PAT came at Rs. 2930.5 Cr vs expectation of Rs. 2875.2 Cr, QoQ Rs. 3232.1 Cr, YoY Rs. 2465.6 Cr
Quarter EPS is Rs. 5.3
Stock is trading at P/E of 30.4x FY22E EPS
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- 67.74 Lk @ 14.58 Ramlal Kanwarlal Jain
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+ 1.60 Lk @ 34.43 Sharad Kanayalal Shah
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+ 4.55 Lk @ 27.94 Sharad Kanayalal Shah
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