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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Consolidated sales of Wipro for the quarter ended June 2021 at Rs.18467.40 crore registered a growth of 14% QoQ and a 24% YoY. The IT services revenue of the company at USD 2414.5 million was higher by 12.2% QoQ and 26% YoY. In constant currency terms the IT services revenue was up 12%QoQ.</p>
<p>Sequential growth of IT services revenue was led by broad based growth across all strategic business units/verticals barring Manufacturing. The core BFSI which accounts for about 33.4% of IT services revenue was up by strong 23% QoQ. Similarly the CBU (consumer business unit), ENRU (Energy, Natural Resources &amp; Utilities) and HBU (healthcare business unit) which accounted for 17.3%, 13.1% and 11.9% of IT Services revenue has registered strong growth of 14.1% QoQ, 11.8% QoQ and 2.6% QoQ respectively. The communication and technology business units have registered a growth of 12.4% QoQand 2.5% QoQ respectively. The manufacturing registered a de-growth of 1.1% QoQ.</p>
<p>Operating profit margin has slumped from 24.8% to 22.7%, leading to 4% rise in operating profit to Rs 4,195.70 crore. Other income rose 8% to Rs 577.9 crore. Provision for interest fell 34% to Rs 74.6 crore. Provision for depreciation rose 18% to Rs 825.7 crore. Profit before tax grew 3% to Rs 3,872.60 crore. Provision for tax was expense of Rs 625.3 crore, compared to Rs 775.6 crore. Effective tax rate was 16.14% compared to 20.68%. Minority interest increased 170% to Rs 5.40 crore. Net profit attributable to owners of the company increased 9% to Rs 3,242.60 crore.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Consolidated sales of Wipro for the quarter ended June 2021 at Rs.18467.40 crore registered a growth of 14% QoQ and a 24% YoY. The IT services revenue of the company at USD 2414.5 million was higher by 12.2% QoQ and 26% YoY. In constant currency terms the IT services revenue was up 12%QoQ.
Sequential growth of IT services revenue was led by broad based growth across all strategic business units/verticals barring Manufacturing. The core BFSI which accounts for about 33.4% of IT services revenue was up by strong 23% QoQ. Similarly the CBU (consumer business unit), ENRU (Energy, Natural Resources &amp; Utilities) and HBU (healthcare business unit) which accounted for 17.3%, 13.1% and 11.9% of IT Services revenue has registered strong growth of 14.1% QoQ, 11.8% QoQ and 2.6% QoQ respectively. The communication and technology business units have registered a growth of 12.4% QoQand 2.5% QoQ respectively. The manufacturing registered a de-growth of 1.1% QoQ.
Operating profit margin has slumped from 24.8% to 22.7%, leading to 4% rise in operating profit to Rs 4,195.70 crore. Other income rose 8% to Rs 577.9 crore. Provision for interest fell 34% to Rs 74.6 crore. Provision for depreciation rose 18% to Rs 825.7 crore. Profit before tax grew 3% to Rs 3,872.60 crore. Provision for tax was expense of Rs 625.3 crore, compared to Rs 775.6 crore. Effective tax rate was 16.14% compared to 20.68%. Minority interest increased 170% to Rs 5.40 crore. Net profit attributable to owners of the company increased 9% to Rs 3,242.60 crore.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Wipro Q1 Results: PAT Rises 9% QoQ to Rs 3,243 Cr, Beats Estimates; Sales Rise 14%

Wipro Ltd

Wipro Q1 Results: PAT Rises 9% QoQ to Rs 3,243 Cr, Beats Estimates; Sales Rise 14%