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.

One Stock Crorepati: The Biggest Money-Making Opportunity Available Right Now
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 (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 Announces Quarterly Results (1QFY20); Net Profit Up 14.5% (Quarterly Result Update)

Jul 18, 2019 | Updated on Jul 18, 2019

For the quarter ended June 2019, WIPRO has posted a net profit of Rs 24 bn (up 14.5% YoY). Sales on the other hand came in at Rs 148 bn (up 5.8% 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

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)

Mar 31, 2020

The promoters are buying these smallcaps amid the coronavirus outbreak.

More

How to Trade the
Coronavirus Crash

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

WIPRO SHARE PRICE


Apr 7, 2020 (Close)

TRACK WIPRO

WIPRO - TECH MAHINDRA COMPARISON

COMPARE WIPRO WITH

MARKET STATS