Wipro Q1FY20 preview: Analysts see modest revenue growth, EBIT margin dip

Wipro, India’s fourth largest software company, is scheduled to release its April – June 2019 quarter results (Q1FY20) on July 17 and analysts expect a moderate revenue growth along with a fall in the earnings before interest and taxes (EBIT) margin.

The company had reported a net profit of Rs 2,099 crore during Q1FY19, with a gross revenue of Rs 13,980 crore. It had given a revenue growth guidance of +/- 1 per cent for the June 2019 quarter.

Here is what leading brokerages expect from the company on July 17:

The brokerage firm pegs profit after tax (PAT) at Rs 2500 crore, up 33 per cent from a profit of Rs 2,099 crore during the same quarter last year. On a sequential basis, however, MOFSL expects a flat growth in PAT of 1.5 per cent over as compared to Rs 2,483.5 crore clocked during the January-March 2019 quarter.