Wipro Limited
NSE Symbol WIPRO
STAND ALONE RESULTS TABLE
FOR Q3 FY 2011 & ANALYSIS
| WIPRO | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 662340 | 655690 | 598220 | 614100 | 589290 |
| Net Sales | 6623 | 1.01 | 10.72 | 7.86 | 12.4 |
| Incr./Decr. in SIT / WIP | -1910 | 8830 | -2170 | -3650 | -7600 |
| Raw Materials | 19930 | 28800 | 23710 | 32430 | 19150 |
| Traded Goods | 71180 | 63430 | 66490 | 81780 | 86340 |
| Other Expenditure | 345950 | 341600 | 301250 | 289510 | 280140 |
| Total Expenditure | 435150 | 442660 | 389280 | 400070 | 378030 |
| Total Expdr | 4351 | -1.7 | 11.78 | 8.77 | 15.11 |
| Gross Profit | 227190 | 213030 | 208940 | 214030 | 211260 |
| GPT | 2271 | 6.65 | 8.73 | 6.15 | 7.54 |
| General Admin. Expenses | 40800 | 35420 | 31190 | 30080 | 27620 |
| Selling and Distrib. Expenses | 38840 | 41320 | 38680 | 37820 | 35860 |
| Depreciation | 15410 | 13940 | 13610 | 14030 | 14510 |
| Operating Profit before Interest1 | 132140 | 122350 | 125460 | 132100 | 133270 |
| DIF %4 | 1321 | 8 | 5.32 | 0.03 | -0.85 |
| Interest | 3070 | -160 | 7550 | -6210 | -1690 |
| Operating Profit after Interest | 129070 | 122510 | 117910 | 138310 | 134960 |
| DIF %5 | 1291 | 5.35 | 9.46 | -6.68 | -4.36 |
| Other Income | 16420 | 13680 | 12880 | 12640 | 8570 |
| Profit before tax | 145490 | 136190 | 130790 | 150950 | 143530 |
| P B T | 1455 | 6.83 | 11.24 | -3.62 | 1.37 |
| Tax Expenses | 23120 | 18980 | 19790 | 27280 | 20410 |
| Net Profit after Tax | 122370 | 117210 | 111000 | 123670 | 123120 |
| Net Profit | 122370 | 117210 | 111000 | 123670 | 123120 |
| Net Profit | 1224 | 4.4 | 10.24 | -1.05 | -0.61 |
| Face Value (in Rs.) | 2 | 2 | 2 | 2 | 2 |
| Paid-up Equity | 49070 | 49040 | 48990 | 29360 | 29350 |
| Dividend (%) | - | - | - | 300 | - |
| Basic EPS | 5.02 | 4.81 | 4.56 | 8.48 | 8.45 |
| Diluted EPS | 5 | 4.8 | 4.56 | 8.43 | 8.39 |
| Public holding (%) | 19.01 | 18.96 | 18.9 | 18.83 | 18.74 |
NET SALES is Rs.6623 Cr – up by 1.01% from Q2 FY11; up by 10.72% from Q1 FY11; up by 7.86% from Q4 FY 10; and up by 12.4% from Q3 FY 10.
Other Income – has grown up to Rs.164.20 cr – from Rs.136.80 cr in Q2 FY 11; Rs.128.80 cr in Q1 FY 11; Rs.126.40 cr in Q4 FY10; and Rs.85.70 cr in Q3 FY 10.
TOTAL EXPENDITURE – is Rs.4351 cr – down by 1.7% from Q2 FY11; up by 11.78% from Q1 FY 11; up by 8.77% from Q4 FY 10; and up by 15.11% from Q3 FY 10;
GROSS PROFIT – is Rs.2271 cr – up by 6.65% from Q2 FY 11; up by 8.73% from Q1 FY 11; up by 6.15% from Q4 FY 10; and up by 7.54% from Q3 FY 10.
OPERATING PROFIT BEFORE INTEREST – is Rs.1321 cr – up by 8% from Q2 FY 11; up by 5.32% from Q1 FY 11; up by 0.03% from Q4 FY 10; and down by 0.85% from Q3 FY 10.
OPERATING PROFIT AFTER INTEREST – is Rs.1291 Cr – up by 5.35% from Q2 FY 11; up by 9.46% from Q1 FY 11; down by 6.68% from Q4 FY 10; down by 4.36% from Q3 FY 10;
PROFIT BEFORE TAX – is Rs.1455 Cr – up by 6.83% from Q2 FY 11; up by 11.24% from Q1 FY 11; DOWN by 3.62% from Q4 FY 10; up by 1.37% from Q3 FY 10;
NET PROFIT – is Rs.1224 cr ; up by 4.4% from Q2 FY 11; up by 10.24% from Q1 FY 11; down by 1.05% from Q4 FY 10; down by 0.61% from Q3 FY 10. Thus, at NPT stage, there is no increase YOY though QOQ, there is growth..
Basic EPS – is Rs.5.02 on a Face Value of Rs.2; against Rs.4.81 in Q2 FY 11; Rs.4.56 in Q1 FY 11; Rs.8.48 in Q4 FY 10; Rs.8.45 in Q3 FY 10;
Paid-up Equity has increased to Rs.490.70 cr in Q3 FY 11 from Rs.293.50 cr in Q3 FY 10 due to a Bonus issue
ANNOUNCEMENTS
TO THE EXCHANGE
21-01-2011 Wipro Limited has informed the Exchange regarding a press release dated January 21, 2011 , titled " T K Kurien to lead Wipro's IT Business."
21-01-2011 Wipro Limited has informed the Exchange that the Board of Directors of Wipro Limited have, at their adjourned meeting held on January 21, 2011 morning, have considered and approved declaration of interim dividend of Rs. 2 per equity share of par value Rs.2/- each to the members of the Company.
21-01-2011 Wipro Limited has informed the Exchange regarding a press release dated January 21, 2011 , titled " Results for the quarter ended December 31, 2010 under IFRS."
21-01-2011 Wipro Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 662340 lacs for quarter ending on 31-DEC-2010 against Rs. 655690 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 122370 lacs for the quarter ending on 31-DEC-2010 against Rs. 117210 lacs for the quarter ending on 30-SEP-2010.
22-10-2010 Wipro Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 655690 lacs for quarter ending on 30-SEP-2010 against Rs. 598220 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 117210 lacs for the quarter ending on 30-SEP-2010 against Rs. 111000 lacs for the quarter ending on 30-JUN-2010.
23-07-2010 Wipro Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 598220 lacs for quarter ending on 30-JUN-2010 against Rs. 614100 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 111000 lacs for the quarter ending on 30-JUN-2010 against Rs. 123670 lacs for the quarter ending on 31-MAR-2010.
18-06-2010 Wipro Limited has informed the Exchange that Administrative Committee of the Board of Directors vide Circular resolution dated June 17, 2010 resolved to issue and allot 979765124 equity shares of Rs.2/- each for issue and allotment of bonus shares and issuance of share certificates/ credit in demat account in the ratio of 2:3 (two bonus equity shares for every three existing equity shares).
Highlights of the Results:
(From WIPRO COMPANY )
Results for the Quarter ended December 31, 2010
IT Services Revenue in dollar terms was $1,344 million, a sequential increase of 5.6% and YoY increase of 19.3%. Non-GAAP constant currency revenue was $1325 million.
IT Services Revenues were `59.49 billion ($1,328 million1), representing an increase of 15% over the same period last year.
Total Revenues were `78.29 billion ($1.75 billion1), representing an increase of 12% over the same period last year.
Net Income was `13.19 billion ($294 million1), representing an increase of 10% over the same period last year.
Non-GAAP Adjusted Net Income (excluding impact of accelerated amortization of stock based compensation) was `13.09 billion ($292 million1), representing an increase of 9% over the same period last year.
IT Services Earnings Before Interest and Tax (EBIT) was `13.21 billion ($295 million1), representing an increase of 8% over the same period last year.
IT Services added 36 new clients in the quarter.
Net addition of 3,591 employees in the current quarter.
Consumer Care and Lighting Revenue grew 21% over the same period last year and EBIT grew 14%.
Wipro declares an interim dividend of `2 ($0.041) per share /ADS.
Performance for the quarter ended December 31, 2010 and Outlook for the quarter ending March 31, 2011
Suresh Senapaty, Executive Director & Chief Financial Officer of Wipro, said – “The Operating Margins for IT Services Business was flat, despite lower working days and drop in utilization.”
Outlook for the Quarter ending March 31, 2011
We expect Revenues from our IT Services business to be in the range of $1,384 million to $1,411 million, a sequential increase of 3% to 5%*
Wipro Limited
Total Revenue for the quarter ended December 31, 2010 was `78.29 billion ($1.75 billion1), representing an increase of 12% over the same period last year.
Net Income for the quarter ended December 31, 2010 was `13.19 billion ($294 million1), representing an increase of 10% over the same period last year.
Non- GAAP Adjusted Net Income (excluding impact of accelerated amortization of stock based compensation) for the quarter ended December 31, 2010 was `13.09 billion ($292 million1), representing an increase of 9% over the same period last year.
Earnings Per Share for the quarter ended December 31, 2010 were Rs.5.41 ($0.121). Non-GAAP Adjusted Earnings Per Share (excluding the impact of accelerated amortization of stock based compensation) for the quarter ended December 31, 2010 were `5.37 ($0.121).
IT Services (76% of Total Revenue and 92% of Operating Income for the quarter ended December 31, 2010)
IT Services business segment recorded Revenue of `59.49 billion ($1,328 million1) for the quarter ended December 31, 2010, representing an increase of 15% over the same period last year. EBIT for this segment was `13.21 billion ($295 million1) for the quarter ended December 31, 2010, representing an increase of 8% over the same period last year.
Operating Income to Revenue for this segment was 22.2% for the quarter ended December 31, 2010.
WIPRO had 119,491 employees as of December 31, 2010, an increase of 3,591 people this quarter.
Wipro continues to move the business mix towards transformation business helping clients deliver better business outcomes.
IT Products (11% of Total Revenue and 3% of Operating Income for the quarter ended December 31, 2010):
WIPRO IT Products segment recorded Revenue of `8.79 billion ($196 million1) for the quarter ended December 31, 2010, representing a decline of 13% over the same period last year. EBIT for this segment was `408 million ($9 million1) for the quarter ended December 31, 2010, representing a decline of 32% over the same period last year.
The ratio of our Operating Income to Revenue for this segment was 4.6% for the quarter ended December 31, 2010.
Return on Average Capital Employed (ROCE) for the IT Services and Products segment was 39% on an annualized basis for the quarter ended December 31, 2010
Consumer Care and Lighting (9% of Total Revenue and 6% of Operating Income for the quarter ended December 31, 2010):
WIPRO Consumer Care and Lighting business segment recorded Revenue of `6.95 billion ($155 million1) for the quarter ended December 31, 2010, representing an increase of 21% over the same period last year.
EBIT for this segment was `855 million ($19 million1) for the quarter ended December 31, 2010, representing an increase of 14% over the same period last year.
Operating Income to Revenue for this segment was 12.3% for the quarter ended December 31, 2010.
ROCE for this segment was 16% on an annualized basis for the quarter ended December 31, 2010, compared to 16% for the same period last year.
Highlights of the Q / E Dec’ 31, 2010:
Wipro Limited Revenue grew by 12% YoY to Rs. 78.29Bn
IT Services Revenue at $1,344 Mn, sequential growth of 5.6%. Constant Currency IT Services Revenue was $1,325 Mn
Strong Seq. growth across verticals –Energy and Utilities grew 16% , Financial Services and CMSP grew 7% ; Manufacturing grew 6% while Retail and Transportation both grew 5%
ADM grew 9.5%,TIS grew 7%, Consulting grew 14%, PI grew 6.8%, Product Engineering grew 4% sequentially
Europe grew 13% and Japan grew 8% sequentially, while emerging markets continued to post strong growth
IT Services Revenue Guidance for Q4‟11 in the range of $1,384*Mn to $1,411*Mn
Revenue Highlights
Profit After Tax was at Rs. 13.19 billion, a growth of 10 % YoY
EPS at Rs. 5.41, a growth of 9.5% YoY
IT Services EBIT grew 8% YoY
Operational Highlights
Free Cash Flow generation of Rs.3billion during quarter
Gross cash balance was Rs. 107.5 billion ($2.4 billion), while Net Cash stood at Rs. 49 billion ($1.1 billion)
IT Services and Products business Return on Capital Employed at 39%
* * * E N D * * *
No comments:
Post a Comment