Wipro Q3 earnings on January 17: Here are 4 key things the street is watching out for

While many IT majors including Tata Consultancy Services (TCS), HCL Tech, Infosys, have already released its fiscal third quarter earnings, Wipro is all set to announce its Q3 results today (January 17). Wipro will also announce a dividend for its shareholders. According to brokerage firms and analysts, Wipro is expected to post a quarterly decline in revenue as well as net profit. With Q3 being a seasonally weak quarter due to furloughs on account of Christmas and New Year holidays, Wipro’s performance will be weighed down. An analysis by Elara Capital said that dollar-denominated revenue growth for Wipro should sequentially drop due to furlough impact and unfavourable currency movements. “Furlough impact in Q3 is expected to be normal this year,” it said. 

According to a CNBC TV18 poll, Wipro is expected to post Q3 revenue at Rs 22,176 crore and EBIT for the quarter is estimated at Rs 3653 crore. 

Also ReadRIL Q3 Results: 3 things to know about Q3FY25 earnings at this hour

Earlier on January 6, in an exchange filing, Wipro had said, “It is hereby informed that the next meeting of the Board of Directors of Wipro Limited (Company) will be held over January 16-17, 2025 to consider and approve, inter alia: a) the condensed audited standalone and consolidated financial results of the Company under lndAS for the quarter ending December 31, 2024. b) the condensed audited consolidated financial results of the Company under IFRS for the quarter ending December 31, 2024. c) declaration of interim dividend, if any, for the financial year 2024-25. The financial results will be approved by the Board of Directors on the evening of January 17, 2025.”

Also Read Here are 4 things you need to know about RIL shares ahead of Q3 results Here are 6 things you need to know about Infosys shares ahead of Q3 earnings Infosys likely to report muted Q3 earnings amid seasonal challenges RIL Q3FY25 Results: Mukesh Ambani led-Reliance Industries to announce Q3 results next week- Here’s what to expect

Analysts said that Wipro is likely to report a subdued third quarter with constant currency revenue expected to be declining, while maintaining that the IT major may be the weakest among the peers. 

For Wipro,

 » Read More

Related Articles

Investors begin new year with record loss

Investors lost a record Rs 13.3 lakh crore in the first fortnight of the current calendar year — the highest-ever in absolute terms. In percentage terms, the 3% decline was the second-highest in a decade. Foreign portfolio investors (FPIs) were the primary drivers of the downturn, selling shares worth $4.9 billion (Rs 42,363 crore) during

Q3 a mixed bag for IT majors

The October-December quarter broadly marked a turning point for domestic IT firms, with signs of revival in discretionary spending and a healthy order book. This was met with some optimism by analysts as the quarter is seasonally a weak one due to furloughs. While Infosys and Wipro exceeded Street expectations, TCS and HCLTech were not

US Stocks rally to close out strong week, await Trump policies

U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Investors begin new year with record loss

Investors lost a record Rs 13.3 lakh crore in the first fortnight of the current calendar year — the highest-ever in absolute terms. In percentage terms, the 3% decline was the second-highest in a decade. Foreign portfolio investors (FPIs) were the primary drivers of the downturn, selling shares worth $4.9 billion (Rs 42,363 crore) during

Q3 a mixed bag for IT majors

The October-December quarter broadly marked a turning point for domestic IT firms, with signs of revival in discretionary spending and a healthy order book. This was met with some optimism by analysts as the quarter is seasonally a weak one due to furloughs. While Infosys and Wipro exceeded Street expectations, TCS and HCLTech were not

US Stocks rally to close out strong week, await Trump policies

U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the

Jio Financial Q3 profit remains flat YoY at Rs 295 crore

Jio Financial Services on Friday reported a consolidated net profit of Rs 295 crore for the quarter ended December 31, 2024, which was flat versus Rs 294 crore posted in the year-ago period. On a sequential basis, net profit sharply dropped from Rs 689 crore in Q2FY25, as the company received significant profits from associates

Centre gives Rs 11,440 crore lifeline to RINL

The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam Ltd (RINL), according to a statement released on Friday. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it said. Also ReadRIL’s O2C segment