- Wipro’s net income in the 4th quarter exceeded expectations with 28.3 billion rupees, despite a year-on-year decrease of 7.8%. The estimated figure was 27.72 billion rupees.
- The revenue for the quarter was 222.1 billion rupees, showing a slight decrease of 4.2% from the previous year. The estimated figure was nearly spot-on at 222.27 billion rupees.
- Wipro showed fiscal responsibility with a decrease in total costs, which were 189.8 billion rupees, dropping 4.1% when compared to last year.
- On the employee benefits expenses side, the company spent 136.3 billion rupees, a decrease of 1.3% from the previous year. The estimated expense was slightly smaller at 133.91 billion rupees, based on two estimates.
- Other income showed a promising increase of 3.5% year-on-year, bringing in a total of 6.53 billion rupees for the company.
- Overall investment opinions show a cautious outlook on Wipro with 10 buys, 14 holds, and 22 sells.
- Reviews compare these results with past performances based on values provided from the company’s original disclosures.
Wipro Ltd on Smartkarma
On Smartkarma, independent analyst Janaghan Jeyakumar, CFA, has provided valuable insights on Wipro Ltd. Janaghan anticipates that Wipro could be removed from the SENSEX index in June 2024, with questions arising about its potential replacement. In a bearish outlook, Janaghan expects Wipro to underperform compared to its larger peer Tata Consultancy Services in the upcoming weeks, highlighting the uncertainty surrounding the top replacement names for Wipro. Moreover, Janaghan’s analysis suggests that Jio Financial Services could be a potential addition to the BSE 100 index, leading to significant changes in the index expectations.
Another independent analyst, Brian Freitas, also contributes to the discussion on Wipro’s future. Brian points out that Wipro is a likely candidate for deletion from the SENSEX in June, creating an opening in the index. With Adani Enterprises and Coal India being considered for inclusion, passive trackers will need to closely monitor trading activity and volume changes in the stocks to gauge the impact of the potential index adjustments. These insights shed light on the dynamic landscape surrounding Wipro and the upcoming rebalance event in the Indian indices.
A look at Wipro Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wipro Ltd, a company specializing in IT and computer technologies, has been assessed using Smartkarma Smart Scores to determine its long-term outlook. With a Value score of 3, Growth score of 3, and Momentum score of 3, the company shows promising signs in key areas that contribute to its overall performance. Additionally, Wipro excels in Resilience with a score of 5, indicating its ability to withstand market fluctuations and challenges. However, the Dividend score of 2 suggests that the company may have room for improvement in this aspect.
Overall, Wipro Ltd‘s Smartkarma Smart Scores point towards a positive trajectory for the company in the long term, with strong resilience and potential for growth. By leveraging its strengths in areas such as value and momentum, Wipro can further solidify its position in the IT industry and capitalize on emerging opportunities. With a diverse range of services, including software architecture, e-commerce, and IT consulting, Wipro is well-positioned to navigate competitive landscapes and drive continued success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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