WIPRO
STAND ALONE RESULTS
FOR Q2 FY 2011-12 ENDING SEP,2011
Net Sales stands at Rs.7804.80 for the Q2 FY 12
– up by 6.75% from the previous qtr of Q1 FY12; - up by 8.73% from Q4 FY 11;-
up by 17.84% from Q3 FY 11; and up by 19.03% from Q2 FY 11.
Total Expenditure stands at Rs.5432.10 cr –
up by 9.39% from previous qtr; - up by 14.45% from Q4 FY 11; - up by 24.83%
from Q3 FY 11; and up by 22.71% from Q2 FY 11
Operating Profit before Interest stands
at Rs.1323.20 Cr – down by (-)3.16% from previous qtr – down by (-)5.56% from
Q4 FY 11; up by 0.14% from Q3 FY 11; and up by 8.15% from Q2 FY 11.
OPT after Interest stands at Rs.1093.40 cr – down by (-)15.08% from previous qtr ;
down by (-)20.17% from Q4 FY 11; down by (-)15.29% from Q3 FY 11; down by (-)10.75%
from Q2 FY 11. Interest expense has gone up very sizeably during the current
qtr.
Profit before tax
stands at Rs.1300.10 Cr – down by (-)13.21% from previous Qtr; down by (-)17.74% from Q4
FY 11; - down by (-)10.64% from Q3 FY11; down by (-)4.54% from Q2 FY 11
Net Profit stands at Rs.1050.60 cr for Q2 FY 12 – down by
(-)13.84% from previous qtr of Q1 FY12 –down by (-)21.46% from Q4 FY 11; down
by (-)14.15% from Q3 FY 11; - down by (-)10.37% from Q2 FY 11.
Basic EPS for Q2 FY 12 stands at Rs.4.3 on a
Face Value of Rs.2 – against Rs.5 in previous Qtr of Q1 FY 12; Rs.5.48 in Q4 FY
11; Rs.5.02 in Q3 FY 11; Rs.4.81 in Q2 FY 11. The annualized EPS will be upwards
of Rs.18.6.
Current MP is Rs.397.55 – and the 52
week high price is Rs.496.80; and 52 week low price is Rs.310.50.The current PE
Ratio works out to 21.37.
According to consolidated
statements, the Basic EPS comes to
Rs.5.28 for Q/e Sep,2010 against Rs.5.33 for Q/e Sep,2011.
ANNOUNCEMENTS BY COMPANY
06-12-2011 Wipro Technologies Consolidates Structure
for Business Operations
08-11-2011 Wipro Technologies wins engagement with
UK based food retailer- Premier Foods
31-10-2011 standalone Results for the quarter ended
on 30-SEP-2011 as follows: Net Sales of Rs. 780480 lacs for quarter ending on
30-SEP-2011 against Rs. 731130 lacs for the quarter ending on 30-JUN-2011. Net
Profit / (Loss) of Rs. 105060 lacs for the quarter ending on 30-SEP-2011
against Rs. 121930 lacs for the quarter ending on 30-JUN-2011.
20-07-2011 Employees' State Insurance Corporation
(ESIC) Portal resumes operations in full swing
20-07-2011 standalone Results for the quarter ended
on 30-JUN-2011 as follows: Net Sales of Rs. 731130 lacs for quarter ending on
30-JUN-2011 against Rs. 717840 lacs for the quarter ending on 31-MAR-2011. Net
Profit / (Loss) of Rs. 121930 lacs for the quarter ending on 30-JUN-2011
against Rs. 133760 lacs for the quarter ending on 31-MAR-2011.
01-06-2011 Jammu and Kashmir Government Selects
Wipro for Automating State Power Distribution Department
25-05-2011 Wipro Infrastructure Engineering signs
agreement with CESA (EADS subsidiary) to set up Aerospace & Defence
manufacturing
11-05-2011 Wipro has entered into an Agreement to
acquire majority stake of Brazil based hydraulics cylinder manufacturer R.K.M.
EQUIPAMENTOS HIDRÁULICOS LTDA. Subject to customary closing conditions and
regulatory approvals, the acquisition is expected to be completed by Q1 of FY
2011-12. The acquisition will be a part of Wipro's Infrastructure Engineering
division. Wipro Infrastructure Engineering is a global leader in precision
engineered hydraulic cylinders and components. It is a Tier-1 supplier to
global Original Equipment Manufacturers (OEMs) of construction and earth moving
machinery, material handling equipment, forestry equipment, heavy and medium
commercial vehicles among other industries, across Asia and Europe. Further the
Company has submitted a copy of press release dated May 11, 2011, titled"
Wipro Infrastructure Engineering establishes manufacturing footprint in Brazil
04-05-2011 Rajasthan Government selects Wipro for
State portal enablement.
27-04-2011 Wipro Limited has informed the Exchange
that pursuant to filing of eform 21 on February 28, 2011 and April 26, 2011
along with certified copies of orders of the High Court of Karnataka and High
Court of Maharashtra with the respective Offices of the Registrar of Companies,
Wipro Yardley Consumer Care Private Limited, a subsidiary company of Wipro
Limited, stands amalgamated with Wipro Limited. The merger comes into effect
from the Appointed Date i.e. April 1, 2010.
27-04-2011 standalone Results for the year ended on
31-MAR-2011 as follows: Net Sales of Rs. 2634070 lacs for year ending on
31-MAR-2011 against Rs. 2317760 lacs for the year ending on 31-MAR-2010. Net
Profit / (Loss) of Rs. 484370 lacs for the year ending on 31-MAR-2011 against
Rs. 489800 lacs for the year ending on 31-MAR-2010.
27-04-2011 standalone Results for the quarter ended
on 31-MAR-2011 as follows: Net Sales of Rs. 717840 lacs for quarter ending on
31-MAR-2011 against Rs. 662340 lacs for the quarter ending on 31-DEC-2010. Net
Profit / (Loss) of Rs. 133760 lacs for the quarter ending on 31-MAR-2011
against Rs. 122370 lacs for the quarter ending on 31-DEC-2010.
01-04-2011 Wipro to Acquire SAIC's Global Oil and
Gas Information Technology Services Business.
S/A RESULTS TABLE
|
WIPRO NC
|
30-Sep-11
|
30-Jun-11
|
31-Mar-11
|
31-Dec-10
|
30-Sep-10
|
|
Net Sales
|
780480
|
731130
|
717840
|
662340
|
655690
|
|
Increase in SIT / WIP
|
12420
|
-12610
|
-7910
|
-1910
|
8830
|
|
Raw Materials
|
23150
|
33170
|
36130
|
19930
|
28800
|
|
Traded Goods
|
84410
|
95710
|
75740
|
71180
|
63430
|
|
Other Expenditure
|
423230
|
380310
|
370660
|
345950
|
341600
|
|
Total Expenditure
|
543210
|
496580
|
474620
|
435150
|
442660
|
|
Gross Profit
|
237270
|
234550
|
243220
|
227190
|
213030
|
|
General Admn Expenses
|
36750
|
34110
|
42310
|
40800
|
35420
|
|
Selling&
Distrib.Expenses
|
49080
|
46400
|
43740
|
38840
|
41320
|
|
Depreciation
|
19120
|
17400
|
17060
|
15410
|
13940
|
|
OPT before Interest
|
132320
|
136640
|
140110
|
132140
|
122350
|
|
Interest
|
22980
|
7890
|
3140
|
3070
|
-160
|
|
OPT after Interest
|
109340
|
128750
|
136970
|
129070
|
122510
|
|
Other Income
|
20670
|
21040
|
21070
|
16420
|
13680
|
|
Profit before tax
|
130010
|
149790
|
158040
|
145490
|
136190
|
|
Tax Expenses
|
24950
|
27860
|
24280
|
23120
|
18980
|
|
Net Profit
|
105060
|
121930
|
133760
|
122370
|
117210
|
|
Face Value(Rs.)
|
2
|
2
|
2
|
2
|
2
|
|
Paid-up Equity
|
49150
|
49110
|
49090
|
49070
|
49040
|
|
Basic EPS
|
4.3
|
5
|
5.48
|
5.02
|
4.81
|
|
Diluted EPS
|
4.29
|
4.97
|
5.46
|
5
|
4.8
|
|
Public holding (%)
|
19.13
|
19.08
|
19.03
|
19.01
|
18.96
|
* *
* E N D *
* *
PRESS RELEASE SUMMARY
Results for the quarter ended September
30, 2011 under IFRS
Wipro Records 18% YoY Revenue Growth in the quarter
Highlights
of the Results:
IT
Services Revenue was $1,472 million, a sequential increase of 4.6% and YoY
increase of 15.7%.
Non-GAAP
constant currency revenue growth was 5.5% sequentially.
Total
Revenues were Rs.90.94 billion ($1.85 billion1), an increase of 18% YoY.
Non-GAAP
Adjusted Net Income was Rs.13.06 billion ($266 million1), an increase of 2%
YoY. Net Income was Rs.13.01 billion ($265 million1), an increase of 1% YoY.
IT
Services Revenues were Rs.68.29 billion ($1.39 billion1), an increase of 7%
sequentially and 19% YoY.
IT
Services Earnings Before Interest and Tax (EBIT) was Rs.13.64 billion ($278
million1), an increase of 7% YoY.
Our
Operating Income to Revenue for IT Services was 20% for the quarter.
Suresh Senapaty, Executive Director & Chief Financial
Officer of Wipro, said – “We are continuing to see incremental progress in our
client mining strategy with 5 customers contributing more than $100 million of
revenues and our top customer hitting a revenue run rate upwards of $200
million. We had an impact on operating margins in the quarter due to salary
increases.”
Outlook
for
the
Quarter ending December 31, 2011
We expect Revenues from our IT Services
business to be in the range of $1,500 million to $1,530 million*.
* Guidance is based on the following exchange rates: GBP/USD at
1.60, Euro/USD at 1.40, AUD/USD at 1.04, USD/INR at 46.42.
According to Condensed
Consolidated Interim statements of Income,
Gross revenue for q/e Sep’2010
stands at Rs.7771.9 Cr against Rs.9007 Cr for q/e Sep,2011.
Cost of Revenue is Rs.5327 Cr for
q/e Sep,2010 against Rs.6497.9 Cr for Q/e Sep,2011.
Profit is Rs.Rs.1299.7 Cr for q/e sep2010 against Rs.1299.9
Cr for q/e sep,2011.
Basic EPS comes to Rs.5.28
for Q/e Sep,2010 against Rs.5.33 for Q/e Sep,2011.
* * * E N D
* * *
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