Wipro Q2 preview: Revenue may jump 17% YoY; profit seen dropping up to 6%

Wipro Q2 results preview: Its margins will likely be weak over the last year, but may improve on a quarterly basis by 20-30 basis points (bps) to 15.3 per cent

IT services major Wipro is set to release its July-September quarter (Q2FY23) earnings on Wednesday, October 12. 

Brokerages estimate the company to post a revenue growth of 15-17 per cent on a year-on-year (YoY) basis to around Rs 22,612 crore on the back of large deal wins during the quarter such as the acquisitions of consulting firms Rizing and Convergence. 

Profit, on the other hand, is expected to decline by as much as 6.5 per cent from last year. But, it will likely increase in the range of 7-13 per cent sequentially to around Rs 2,825 crore, as per the