X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
WIPRO Announces Quarterly Results (2QFY19); Net Profit Down 14.0%

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

  • MyStocks

MEMBER'S LOGINX

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

WIPRO Announces Quarterly Results (2QFY19); Net Profit Down 14.0%
Fri, 9 Nov

WIPRO has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

WIPRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m134,234139,777145,4104.0%8.3%
Other incomeRs m7,1148,4976,622-22.1%-6.9%
TurnoverRs m141,348148,274152,0322.5%7.6%
ExpensesRs m106,446115,434121,9115.6%14.5%
Gross profitRs m27,79324,34323,499-3.5%-15.4%
DepreciationRs m5,1984,3354,3680.8%-16.0%
InterestRs m1,3861,6491,569-4.9%13.2%
Profit before taxRs m28,32326,85624,184-9.9%-14.6%
TaxRs m6,4275,8655,347-8.8%-16.8%
Profit after taxRs m21,89620,99118,837-10.3%-14.0%
Gross profit margin%20.717.416.2
Effective tax rate%22.721.822.1
Net profit margin%15.514.212.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.3% on a year-on-year (YoY) basis. The expenses were up by 14.5% YoY during the same period.
  • The company's operating profit declined by 15.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 2QFY19 as against 20.7% in 2QFY18.
  • Depreciation charges declined by 16.0% and finance costs increased by 13.2% YoY, respectively.
  • Other income declined by 6.9% YoY during the quarter.
  • Net profit for the quarter declined by 14.0% YoY. Net profit margins during the quarter declined from 15.5% in 2QFY18 to 12.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.6% QoQ during the same period.
  • The company's operating profit declined by 3.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 2QFY19 as against 17.4% in 1QFY18.
  • Net profit for the quarter declined by 10.3% QoQ, while net profit margins declined from 14.2% in 1QFY18 to 12.4% in 2QFY19.

To see how WIPRO has performed over the last eight quarters, please visit here.

WIPRO Share Price Performance

Over the last one year, WIPRO share price has moved up from Rs 302.6 to Rs 321.9, registering a Gain of Rs 19.3 or around 6.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,167.6 (down 1.4%). Over the last one year it has moved up from 10,756.5 to 14,167.6, a gain of 3,411 points (up 31.7%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 321.9, the price to earnings (P/E) ratio of WIPRO stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

Equitymaster requests your view! Post a comment on "WIPRO Announces Quarterly Results (2QFY19); Net Profit Down 14.0%". Click here!

  

Related Views on News

WIPRO Announces Quarterly Results (3QFY19); Net Profit Up 31.8% (Quarterly Result Update)

Jan 21, 2019 | Updated on Jan 21, 2019

For the quarter ended December 2018, WIPRO has posted a net profit of Rs 25 bn (up 31.8% YoY). Sales on the other hand came in at Rs 151 bn (up 10.2% YoY). Read on for a complete analysis of WIPRO's quarterly results.

WIPRO 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of WIPRO for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

WIPRO Announces Quarterly Results (1QFY19); Net Profit Up 0.8% (Quarterly Result Update)

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, WIPRO has posted a net profit of Rs 21 bn (up 0.8% YoY). Sales on the other hand came in at Rs 140 bn (up 2.6% YoY). Read on for a complete analysis of WIPRO's quarterly results.

Wipro: Along Expected Lines (Quarterly Results Update - Detailed)

Oct 24, 2017

Wipro's profitability continues to improve.

Wipro: A Decent Start to the Year (Quarterly Results Update - Detailed)

Jul 27, 2017

Digital services drive growth for Wipro in 1QFY18.

More Views on News

Most Popular

Are You Ready for the Big Nifty Move in the March Expiry?(Profit Hunter)

Mar 8, 2019

History suggests the Nifty could make a big move in March. Are you prepared to benefit from this opportunity?

Smallcaps Are Rallying and You Need to Make the Most of It Now(Profit Hunter)

Mar 7, 2019

Did you just miss the smallcap rally? Or is there still time to catch up? Read on for answers and more...

The One Sector to Bet on Today as India Grows into a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Mar 7, 2019

India's defence sector is suddenly under the spotlight. Can this sector ride along India's long-term growth story?

Is it the Right Time to Buy Mid and Small Caps Now?(The 5 Minute Wrapup)

Mar 6, 2019

Mid and Small Caps have underperformed large caps in the past year. Is the tide about to turn?

The Jet Airways Crisis in 6 Charts(Sector Info)

Mar 5, 2019

What happened to Jet Airways, once among top 3 airlines in India? Is it another Kingfisher in the making? Read on...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

WIPRO SHARE PRICE


Mar 18, 2019 (Close)

TRACK WIPRO

COMPARE WIPRO WITH

MARKET STATS