About the Company:
Wipro Enterprises is the India-based holding company that owns both Wipro Infrastructure Engineering and Wipro Consumer Care and Lighting. Wipro Enterprises is headquartered in Bangalore, India. In 2013, Wipro separated its non-IT businesses and formed the privately owned Wipro Enterprises.
QoQ & YoY Performance:
India’s one of the leading IT Company has declared the results for the fourth quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.157110 crores, up by 1.55% in the March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.126311 crores, is increased by 2.77%. EBITDA numbers down by 2.12%.
- YoY Performance: The Company has reported a 4.70% increase in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have surged by 6.13%.
- Profitability of the company: Net loss of the company landed to Rs.23452 crores, declined by 4.78% QoQ and 5.96% YoY.
As per Lokesh Sethia, SEBI Registered Analyst, the stock was closed at Rs.186.55 per share, Even though there was increase in the sales figures but due to average result and heavy volatility in the market due to Covid-19 his suggestion is to avoid the stock for buying.
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