Increasing footprint and higher share of online delivery indicate good growth potential
HDFC Securities expects RIL's EBITDA to increase by 4.7 per cent QoQ to Rs 14,300 crore.
The buyback will be conducted on a proportionate basis through the 'tender offer' route
Earnings per share (EPS) for the quarter was Rs 4.3 per share and grew 36.7 per cent YoY, the company said in its statement.
The IT services company has seen some improvement in its revenue growth in the last few quarters but, as per analysts, it continues to lag peers on a relative basis.
Wipro posted a 2.1 per cent year-on-year (YoY) rise in its net profit at Rs 21.2 billion for the quarter ended 30 June.
Revenue for the company stood at Rs 15,470.5 crore, up 2.73 per cent YoY at Rs 15,059.5 crore.
With this, the telcos will have to together pay an estimated Rs 1.47 trillion in AGR dues that include penalties and interest on penalties by January 23.
Net Income for the quarter was Rs 2,080 crore, an increase of 1.2% YoY
IT services revenue grew 0.9% on reported dollar basis to $1.97 billion over the March 2017 quarter
Wipro Chairman Azim Premji has reassured shareholders of growth coming from the US
In the previous quarter, Wipro reported a decline in its net profit by 20.5 per cent y-o-y, missing analyst estimates.
The stock was the biggest gainer on both the key benchmark indices during the day
In past one-week, Wipro slipped 8% after the company reported disappointing Q2F17 results and a sluggish IT revenue guidance for Q3FY17.
Mindtree, Mahindra Lifespace and Welspun Corp from the Nifty500 index hitting their respective 52-week lows today.
The SC rejected the review petitions filed by telecom companies to grant relief on adjusted gross revenue, which have to be paid before the deadline of January 24
For the quarter under review, analysts at Centrum Broking expect the company to deliver 1.8 per cent constant currency (CC) revenue growth.
ICICI Securities, Reliance Nippon Life, Berger Paints, Whirlpool of India, IGL, AU Small Finance and Motilal Oswal Finance have rallied more than 40% from April 3, 2019 levels.
In the previous quarter, Wipro posted 11.85% quarter-on-quarter fall in consolidated net profit at Rs 19.30 billion.
Margin gains in the quarter are unlikely to sustain