Wipro Q2 Result: IT main Wipro, on Wednesday mentioned a 14.6% bounce in its Q2 sales at Rs 22,540 crore at the same time as its earnings after tax (PAT) reduced 9.3% to Rs 2,660 crore. The earnings discern changed into decrease than the Rs 2,820 crore predicted in an ET NOW poll.
The Bengaluru-primarily based totally IT company’s working margin withinside the IT offerings phase grew sixteen foundation factors QoQ in the course of the region to 15.1%. In regular forex terms, the IT offerings phase sales extended through 4.1% QoQ and 12.9% YoY.
A few brokerages count on HCL Tech to record 3-eight consistent with cent upward thrust in 12 months-on-12 months earnings towards Wipro’s marginal drop or flattish backside line. On a quarter-on-quarter (QoQ) foundation though, Wipro is visible reporting double digit increase in earnings towards HCL Tech’s 3-6 consistent with cent earnings increase.
For Wipro, Sharekhan sees income falling 3.7 in line with cent YoY to Rs 2,822 crore from Rs 2,931 crore. Successively, Sharekhan sees income leaping 10.1 in line with cent for Wipro.
Wipro Q2 Results 2022
Information Technology( IT) major Wipro Ltd on Wednesday reported a dip in its consolidated profit after duty( PAT) at ₹,659 crore for the quarter ended September, 2022( Q2FY23). This is a9.27 decline from ₹ crore posted in the same period last time( Q2FY22).
still, on a successional base, PAT rose3.72 from ₹ crore in the former June quarter( Q1FY23).
The Bengaluru- grounded company’s consolidated profit grew14.6 to ₹,540 crore as compared to ₹,667 crore in the same period a time ago.
The IT services operating periphery for the quarter under review came in at15.1, an increase of 16 bps QoQ, the company said in a form.
Wipro vs HCL – Q2 Result Comparison
Two IT majors Wipro and HCL Technologies (HCL Tech), whose shares have fallen up to forty three per cent year-to-date, are set to record their September quarter outcomes on Wednesday.