Wipro Q3 preview: Revenue likely to post double-digit growth YoY, EBITDA seen flat. Key factors here
During Q2FY23, Wipro posted a consolidated net profit of ₹2,659 crore in Q2FY23 down by 9.27% yoy but higher by 3.72% qoq. Meanwhile, its consolidated revenue came in at ₹22,540 crore higher by 14.6% yoy.
Wipro's Q3 financial result is the next major thing to watch in the IT sector. The Azim Premji-backed company will be announcing its December 2022 quarterly result today (January 13), and its stock will be in focus accordingly. In Q3FY23, Wipro's EBIT margins are expected to expand, however, wage hike shocks still pertain which is likely to limit the upside. On the other hand, the company is expected to continue its deal momentum. Among key factors to look out for will be revenue guidance, management commentary, attrition, pricing, and others.