WIPRO Announces Quarterly Results (2QFY20); Net Profit Up 36.0%

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 (2QFY20); Net Profit Up 36.0%
Wed, 16 Oct

WIPRO has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

WIPRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m145,410147,860151,3062.3%4.1%
Other incomeRs m6,6227,8067,448-4.6%12.5%
TurnoverRs m152,032155,666158,7542.0%4.4%
ExpensesRs m121,911118,391120,3481.7%-1.3%
Gross profitRs m23,49929,46930,9585.1%31.7%
DepreciationRs m4,3684,9534,812-2.8%10.2%
InterestRs m1,5691,5842,24741.9%43.2%
Profit before taxRs m24,18430,73831,3472.0%29.6%
TaxRs m5,3476,6995,732-14.4%7.2%
Profit after taxRs m18,83724,03925,6156.6%36.0%
Gross profit margin%16.219.920.5
Effective tax rate%22.121.818.3
Net profit margin%12.415.416.1
* 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 4.1% on a year-on-year (YoY) basis. The expenses were down by 1.3% YoY during the same period.
  • The company's operating profit increased by 31.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.5% in 2QFY20 as against 16.2% in 2QFY19.
  • Depreciation charges increased by 10.2% and finance costs increased by 43.2% YoY, respectively.
  • Other income increased by 12.5% YoY during the quarter.
  • Net profit for the quarter increased by 36.0% YoY. Net profit margins during the quarter increased from 12.4% in 2QFY19 to 16.1% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit increased by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.5% in 2QFY20 as against 19.9% in 1QFY19.
  • Net profit for the quarter increased by 6.6% QoQ, while net profit margins increased from 15.4% in 1QFY19 to 16.1% in 2QFY20.

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

FREE WebSummit: Is Gold Set to Hit Rs 75,000?

WIPRO Share Price Performance

Over the last one year,WIPRO share price has moved up from Rs 240.1 to Rs 246.5, registering a Gain of Rs 6.4 or around 2.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,254.3 (up 0.2%). Over the last one year it has moved up from 14,677.5 to 15,254.3, a gain of 577 points (up 3.9%).

Overall, the S&P BSE SENSEX is up 10.7% over the year.

Current Valuations

At the current price of Rs 246.5, the price to earnings (P/E) ratio of WIPRO stands at 11.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

Equitymaster requests your view! Post a comment on "WIPRO Announces Quarterly Results (2QFY20); Net Profit Up 36.0%". Click here!

  

Related Views on News

WIPRO Announces Quarterly Results (4QFY20); Net Profit Down 6.1% (Quarterly Result Update)

Apr 16, 2020 | Updated on Apr 16, 2020

For the quarter ended March 2020, WIPRO has posted a net profit of Rs 23 bn (down 6.1% YoY). Sales on the other hand came in at Rs 157 bn (up 3.6% YoY). Read on for a complete analysis of WIPRO's quarterly results.

WIPRO Announces Quarterly Results (3QFY20); Net Profit Down 3.3% (Quarterly Result Update)

Jan 15, 2020 | Updated on Jan 15, 2020

For the quarter ended December 2019, WIPRO has posted a net profit of Rs 25 bn (down 3.3% YoY). Sales on the other hand came in at Rs 155 bn (up 2.7% YoY). Read on for a complete analysis of WIPRO's quarterly results.

WIPRO 2018-19 Annual Report Analysis (Annual Result Update)

Jun 27, 2019 | Updated on Jun 27, 2019

Here's an analysis of the annual report of WIPRO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of WIPRO. Also includes updates on the valuation of WIPRO.

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.

More Views on News

Most Popular

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

How Commodity Prices Tell You When Stocks Will Go Up(Fast Profits Daily)

May 20, 2020

Commodity prices often provide clues to big moves in stock markets. In today's video, I'll explain this link.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

More

Get Rich as the
Market Rebounds from Covid-19

Coronavirus Rebound
Get this special guide, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

WIPRO SHARE PRICE


May 28, 2020 03:33 PM

TRACK WIPRO

COMPARE WIPRO WITH

MARKET STATS