Wipro Q4 Results 2024 Date and Time: Check Expectations, Preview of Srinivas Pallia-led IT Major
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Wipro Q4 Results 2024 Date and Time, Wipro Q4 Results 2024 Expectations in India, Wipro Share Price News NSE BSE: Wipro is all set to declare its financial earnings after Srinivas Pallia was declared its new CEO recently. A day earlier, IT company Infosys declared that its consolidated profit jumped 30 per cent to Rs 7,969 crore in the March 2024 quarter. The company posted a profit of Rs 6,128 crore in the year-ago period, according to a regulatory filing. The consolidated revenue of Infosys during the quarter increased 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago.
Wipro Q4 Results 2024 Date and Time
A meeting of the Board of Directors was held between April 18-19, 2024 to consider and approve financial results of the company. The financial results will be announced by the Board of Directors on the evening of April 19, 2024.
Wipro Q4 Results 2024 Expectations in India
The domestic broking firm JM Financial anticipate a slight decrease of 0.2 per cent in revenue growth when measured on a constant currency basis, but with a favorable 25 basis points cross currency effect. This should result in no significant change in revenue growth when measured in USD for IT Services from one quarter to the next. The reported revenue growth in USD is expected to remain flat. The constant currency growth, however, is likely to fall within the higher end of the projected range of -1.5% to 0.5%.
“Regarding profitability, we predict a 15 basis points decline in EBIT margins to 15.9%. This dip is primarily attributed to the two-month incremental impact of a wage hike. Nonetheless, we anticipate that the cost-efficiency measures in place will largely counterbalance the negative effect of the wage increase,” the report said.
It added, “Looking ahead, we anticipate that Wipro will provide guidance indicating a modest 0-2 per cent quarter-on-quarter constant currency growth for the first quarter of fiscal year 2025.”
Wipro Share Price News NSE BSE
The counter settled flat at Rs 445.20 apiece on the National Stock Exchange (NSE), down marginally by 0.70 per cent. The counter has been losing for the last four days and has fallen 6.9 per cent returns in the period.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
