Wipro: Muted performance - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Wipro: Muted performance

Apr 22, 2013

Wipro Limited has announced the fourth quarter results of financial year 2012-2013 (4QFY13). The company has reported a 13.6% YoY growth in sales (considering continuing operations) and a 16.7% YoY growth in net profits respectively. Here is our analysis of the results.

Performance summary
  • Consolidated gross revenues of continuing operations grew by 13.6% YoY during the quarter.
  • The IT Services revenues (78% of total revenue in rupee terms) witnessed a de-growth of 0.6% QoQ in 4QFY13
  • EBITDA margin of continuing business declined by 0.7% YoY to 20.3% during the quarter as compared to 21% seen during 4QFY12 (ending March 2012).
  • Net profits grew by 16.7% YoY. The growth was higher than the EBITDA growth because of a 25.7% YoY rise in finance and other income and an 88% YoY rise in profit from discontinued operations. A fall in effective tax rate by 1.2% YoY also contributed to the growth in net profit. The effective tax stood at 20.1% at the end of 4QFY13.
  • Employee strength of the IT services business stood at 145,812 at the end of December 2012. The headcount in IT services business increased by 2,907 (on a net basis) during 4QFY13 compared to 3QFY13.Attrition declined to 13.7% as compared to 14.2% for the previous quarter (3QFY13).
  • IT services segment adds 52 new clients during the quarter, thereby taking the total count of active clients to 978 as compared to 966 seen at the end of 3QFY13.
  • Gross employee utilization rate was marginally up to 64.9% during the quarter as compared to 64.8% seen in the previous quarter (3QFY13). Net employee utilization (excluding trainees) declined to 74.6% from 74.8% seen during the quarter, 3QFY13.
  • The company has declared a final dividend of Rs 5 per share (dividend yield of 1.5%).

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

WIPRO SHARE PRICE


Jun 22, 2021 09:30 AM

TRACK WIPRO

COMPARE WIPRO WITH

MARKET STATS