Wipro, one of the leading software exporters, will be announcing its fourth quarter financial results today, Apr. 21, 2015.
Angel Broking expects the company's IT services segment to post revenues of USD 1,804 million, up 0.5% qoq. At the consolidated level, we expect the company to record revenues of Rs 116.88 billion, down 2.5% qoq.
''At a consolidated level, Wipro is expected to record ~18bp qoq inch up in its EBIT margin to 19.5%. PAT is expected to come in at Rs 22.17 billion. We maintain our buy rating on the stock,'' it added.
Shares of the company declined Rs 4.95, or 0.86%, to trade at Rs 570. The total volume of shares traded was 81,943 at the BSE (10.41 a.m., Tuesday).