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WIPRO Announces Quarterly Results (4QFY19); Net Profit Up 38.6%

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WIPRO Announces Quarterly Results (4QFY19); Net Profit Up 38.6%
Thu, 18 Apr

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

WIPRO Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m137,686150,595151,6090.7%10.1%
Other incomeRs m5,3606,2737,54420.3%40.7%
TurnoverRs m143,046156,868159,1531.5%11.3%
ExpensesRs m113,156117,665119,0101.1%5.2%
Gross profitRs m24,52732,93032,599-1.0%32.9%
DepreciationRs m5,7005,1715,5938.2%-1.9%
InterestRs m1,5641,6272,53055.5%61.8%
Profit before taxRs m22,62332,40532,020-1.2%41.5%
TaxRs m4,6156,9677,0641.4%53.1%
Profit after taxRs m18,00825,43824,956-1.9%38.6%
Gross profit margin%17.821.921.5
Effective tax rate%20.421.522.1
Net profit margin%12.616.215.7
* 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 10.1% on a year-on-year (YoY) basis. The expenses were up by 5.2% YoY during the same period.
  • The company's operating profit increased by 32.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.5% in 4QFY19 as against 17.8% in 4QFY18.
  • Depreciation charges declined by 1.9% and finance costs increased by 61.8% YoY, respectively.
  • Other income increased by 40.7% YoY during the quarter.
  • Net profit for the quarter increased by 38.6% YoY. Net profit margins during the quarter increased from 12.6% in 4QFY18 to 15.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.1% QoQ during the same period.
  • The company's operating profit declined by 1.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.5% in 4QFY19 as against 21.9% in 3QFY18.
  • Net profit for the quarter declined by 1.9% QoQ, while net profit margins declined from 16.2% in 3QFY18 to 15.7% in 4QFY19.

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 219.5 to Rs 285.6, registering a Gain of Rs 66.1 or around 30.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,574.7 (down 0.1%). Over the last one year it has moved up from 12,608.4 to 15,574.7, a gain of 2,966 points (up 23.5%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 285.6, the price to earnings (P/E) ratio of WIPRO stands at 14.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.7 times.

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