Wipro Q3 preview: Analysts see 4% QoQ revenue growth, margins may dip

Brokerage firm Jefferies sees EBIT margins of the company declining by 70 basis points to 16.6 per cent from the previous quarter, on the back of salary hikes.

Analysts expect IT major Wipro to post strong earnings for the December quarter of FY22 (Q3FY22) on the back of strong deal wins, and stable momentum in clients. The company may report a 3-4 per cent quarterly rise in revenues for the quarter, according to analyst estimates. On a yearly basis, the revenue is expected to increase between 29 and 32 per cent.

The company is scheduled to post its numbers for the reported quarter on Wednesday, January 12. As per an average of seven brokerage estimates compiled by Business Standard, Wipro may post net profit of Rs 2,979 crore,