Edelweiss has come out with its first quarter (April-June�� 18) earnings estimates for the Technology sector. The brokerage house expects Wipro to report net profit at Rs. 1,849 crore up 2.6% quarter-on-quarter (down 11% year-on-year).
Net Sales are expected to increase by 1.6 percent Q-o-Q (up 2.7 percent Y-o-Y) to Rs. 13,989.4 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.6 percent Q-o-Q (down 6.6 percent Y-o-Y) to Rs. 2491.3 crore.
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Read More First Published on Jul 12, 2018 06:45 pm
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