Q1 Earnings: Wipro profit seen up 9.6% QoQ at Rs 1,624cr

MUMBAI: Wipro is scheduled to announce its first quarter results tomorrow. The company is expected to post a consolidated net profit of Rs 1,623.6 crore, up 9.62 per cent QoQ from Rs 1,481 crore, according to an ET Now poll. Revenues are likely to grow to Rs 10,514.52 crore in the first quarter, up 7.11 percent QoQ from Rs 9,816.4 crore.

EBIT for Q1FY13 is expected to be at Rs 1,904.67 crore, up 12.41 percent compared to Rs 1,694.3 crore.

Q1FY13 expectations

Dollar revenue to be within guided range of $1,520-1,550 million Volume growth of 2 percent QoQ Cross-currency hit of 180 bps to impact rupee revenues IT EBIT margin to increase 100bps (part of the rupee depreciation gains will be offset by cross-currency and salary hikes) Expect the company to guide 2-4 percent QoQ growth for the second quarter



Factors to watch for:

Second quarter guidance, Outlook on pricing & BFSI spend Deals pipeline in Europe