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26 April, 2024 14:05 IST
Wipro inches up ahead of Q2 result
Source: IRIS | 21 Oct, 2015, 10.55AM
Rating: NAN / 5 stars.
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Wipro, one of the leading software exporters, witnessed a rise in share price on Wednesday as the company will be announcing its second quarter earnings today.

In the previous quarter, the company reported a rise of 4% in consolidated net profit to Rs 21.88 billion for the quarter ended Jun. 30, 2015 compared to Rs 21.03 billion in the same period last year. Consolidated revenues for the current quarter stood at Rs 123.71 billion, up 10% from Rs 112.45 billion in June 2014 quarter.

Angel Broking expects the company to post a 1.8% seqential growth to end the period at USD 1.83 billion compared with USD 1.79 billion in 4QFY2015.

Angel Broking said that, ''In rupee terms, the company is expected to post a 3.8% sequential growth of Rs 127.03 billion compared with Rs 122.38 billion in 4QFY2015.'

'On the EBIDTA front, the margins are likely to come in at 21.3% almost same as the last year,'' it added.

Shares of Wipro are trading at Rs 575.55, up Rs 3.6, or 0.63% at the Bombay Stock Exchange (BSE) on Wednesday at 9:22 a.m.

The scrip has touched an intra-day high of Rs 576.90 and low of Rs 573.50. The total volume of shares traded at the BSE is 5,893.

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