exv99w3

Exhibit 3

Wipro Limited — Results for the Quarter & Year ended March 31, 2010

WIPRO LIMITED - CONSOLIDATED
UNAUDITED FINANCIAL RESULTS FOR THE
QUARTER AND YEAR ENDED MARCH 31, 2010

Rs. in Million except share data)


	Quarter ended						Year ended
	March 31,						March 31,
	2010			2009			2010			2009
Particulars	Unaudited			Unaudited			Unaudited			Unaudited
1 Net Income from Sales /Services		69,829			64,514			271,241			255,338
2 Cost of Sales /Services
a)(Increase/Decrease in Stock in trade and work in progress		(395	)		(195	)		(323	)		(943	)
b) Consumption of raw materials		4,454			4,536			13,070			12,111
c) Purchase of traded goods		8,704			6,626			37,484			34,211
d)Other expenditure		33,333			32,646			129,152			128,478
3 Gross Profit (1-2)		23,733			20,901			91,858			81,481
4 General and Administrative expenses		3,582			3,511			14,481			14,281
5 Selling and Distribution expenses		4,900			4,184			18,036			16,952
6 Depreciation and amortization		1,887			1,950			7,831			6,949
7 Operating Profit before interest (3) — (4+5+6)		13,364			11,256			51,510			43,299
8 Interest expense		(342	)		928			990			3,824
9 Exceptional Items		—			—			—			—
10 Operating Profit after interest and Exceptional Items (7-8-9)		13,706			10,328			50,520			39,475
11 Other investment income		1,270			1,159			4,360			5,058
12 Profit from Ordinary Activities before tax (10+11)		14,976			11,487			54,879			44,533
13 Tax Expense (including Fringe Benefits Tax)		3,015			1,461			9,294			6,035
14 Net Profit from Ordinary Activities after tax (12-13)		11,961			10,026			45,586			38,498
15 Minority Interest		(46	)		(50	)		(185	)		(99	)
16 Share in Earnings of Associates		176			35			530			362
17 Extraordinary items (net of tax expense)		—			—			—			—
18 Net Profit for the period (14+15+16-17)		12,091			10,011			45,931			38,761
19 Paid up equity share capital (Face value Rs. 2 per share)		2,936			2,930			2,936			2,930
20 Reserves excluding Revaluation Reserves		196,291			145,848			196,291			145,848
21 EARNINGS PER SHARE (EPS)
Before extraordinary items (not annualised)
Basic (in Rs.)		8.29			6.88			31.52			26.66
Diluted (in Rs.)		8.23			6.85			31.25			26.50
After extraordinary items (not annualised)
Basic (in Rs.)		8.29			6.88			31.52			26.66
Diluted (in Rs.)		8.23			6.85			31.25			26.50
22 Public shareholding*
Number of shares		276,454,859			271,856,435			276,454,859			271,856,435
Percentage of holding		18.83	%		18.56	%		18.83	%		18.56	%
23 Promoters and promoter group shareholding
a) Pledged/Encumbered
— Number of shares	Nil			Nil			Nil			Nil
— Percentage of shares (as a % of the total shareholding of promoter and promoter group)	Nil			Nil			Nil			Nil
— Percentage of shares (as a % of the total share capital of the company)	Nil			Nil			Nil			Nil
b) Non - encumbered
— Number of shares		1,167,572,260	**		1,169,432,260	**		1,167,572,260	**		1,169,432,260	**
— Percentage of shares (as a % of the total shareholding of promoter and promoter group)		100	%		100	%		100	%		100	%
— Percentage of shares (as a % of the total share capital of the company)		79.52	%		79.83	%		79.52	%		79.83	%
Details of expenditure
Items exceeding 10% of total expenditure
— Employee Cost		27,915			27,737			107,230			107,266


*		Public shareholding as defined under clause 40A of the listing agreement (excludes shares beneficially held by promoters and holders of American Depository Receipt)

**		Includes 6,506,000 (March 31, 2009: 8,316,000) equity shares on which Promoter does not have beneficiary interest.

Status of redressal of Complaints received for the period January 1, 2010 to March 31, 2010


			Opening		Complaints		Complaints
Sl.			balance		received during		disposed during
No.	Nature of the complaint	Nature	01.01.2010		the quarter		the quarter		Unresolved
1	Non-Receipt of Securities	Complaint		—		3		3		—
2	Non Receipt of Annual Reports	Complaint		—		3		3		—
3	Correction / Duplicate / Revalidation of dividend warrants	Request		—		85		85		—
4	Non Receipt of Dividend warrants	Complaint		—		37		37		—
5	Others	Request		1		1		2		—
	TOTAL			1		129		130		—

NOTE:

There are certain pending cases relating to disputes over title to shares in which the company has been made a party. However these cases are not material in nature.

The above unaudited condensed consolidated interim financial results were approved by Directors of the Company at its meeting held on April 23,2010.

The above unaudited financial results have been prepared from the unaudited condensed consolidated interim financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). These unaudited condensed consolidated interim financial statements are covered by IFRS 1, “First Time Adoption of IFRS”, as they are part of the annual period covered by the Company’s first IFRS financial statements for the year ended March 31, 2010 and are prepared in accordance with International Accounting Standard (IAS) 34, “Interim Financial Reporting”. The transition to IFRS has been carried out from the accounting principles generally accepted in India (Indian GAAP), which is considered as “Previous GAAP”, for purposes of IFRS 1.

The unaudited condensed consolidated interim financial statements have been prepared on a historical cost convention and on an accrual basis, except for certain financial instruments that have been measured at fair value as required by relevant IFRS.

The unaudited condensed consolidated financial interim statements incorporate the financial statements of the Parent Company and entities controlled by the Parent Company (its subsidiaries). Control is achieved where a company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control, potential voting rights that currently are exercisable are taken into account.

All intra-company balances, transactions, income and expenses including unrealized income or expenses are eliminated in full on consolidation.

The total revenues represent the aggregate revenue and includes foreign exchange gains / (losses), net except exchange difference on foreign currency borrowings which are reported in the unaudited condensed consolidated interim financial statements. The exchange difference on foreign currency borrowings is included in interest expenses above.

The list of subsidiaries is included in the condensed consolidated financial statements of Wipro Limited and subsidiaries for the quarter ended March 31, 2010, which are available on our company website www.wipro.com.

Standalone information (Audited)

(Rs. in Million)


	Quarter ended March 31,				Year ended March 31,
Particulars	2010		2009		2010		2009
Revenues		61,410		52,989		231,776		209,874
Profit before tax		15,095		9,952		56,888		35,479
Profit after tax		12,367		8,421		48,980		29,738

8.		Segment Information

		The Company is currently organized by segments, which includes IT Services (comprising of IT Services and BPO Services), IT Products, Consumer Care and Lighting and ‘Others’.

		Corporate activities such as treasury, legal and accounting, which do not qualify as operating segments under IFRS 8, have been considered as ‘reconciling items’.

		Revenues include excise duty of Rs. 176 and Rs. 239 for the three months ended March 31, 2009 and 2010, respectively and Rs. 1,055 and Rs. 843 for the year ended March 31, 2009 and 2010, respectively. For the purpose of segment reporting, the segment revenues are net of excise duty. Excise duty are reported in reconciling items.

		For the purpose of segment reporting only, the Company has included the impact of foreign exchange gains / (losses), net’ in revenues. Further, the Company obtains short-term foreign currency borrowings for its working capital requirements. A portion of these foreign currency borrowings is used as a natural hedge for the foreign currency monetary assets. For segment purposes, the changes in fair value of such foreign currency borrowings is recorded in the respective segment of the underlying monetary assets and are eliminated in reconciling items.

		For evaluating performance of the individual business segments, stock compensation expense is allocated on the basis of straight line amortization. The incremental impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual business segments is reported in reconciling items.

		The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment terms primarily relate to IT hardware, software and certain transformation services in Outsourcing contracts. Corporate Treasury provides internal financing to the business units offering multi-year payments terms, and accordingly such receivables are reflected in Capital Employed of Reconciling items. As of March 31, 2009 and 2010, Capital Employed of Reconciling items includes Rs. 4,401 and Rs. 8,516 respectively, of such receivables on extended collection terms.

Information on reportable segments is as follows:

(Rs. in Million)


	Three months ended March 31, 2009
										Consumer
	IT Services and Products									Care and						Reconciling
Particulars	IT Services			IT Products			Total			Lighting			Others			Items			Entity Total
Revenues		49,306			8,761			58,067			4,802			1,320			325			64,514
Cost of revenues		(33,000	)		(7,960	)		(40,960	)		(2,594	)		(1,501	)		(311	)		(45,365	)
Selling and marketing expenses		(2,637	)		(334	)		(2,971	)		(1,238	)		(59	)		(50	)		(4,318	)
General and administrative expenses		(3,028	)		(150	)		(3,178	)		(275	)		(93	)		(30	)		(3,376	)
Operating income of segment		10,641			317			10,958			695			(333	)		(66	)		11,255
Opening capital employed								95,303			18,936			5,710			65,615			185,563
Closing capital employed								115,089			18,782			5,638			64,763			204,272
Average capital employed								105,196			18,859			5,674			65,189			194,918
Return on capital employed								42	%		15	%		(23	)%					23	%


	Three months ended March 31, 2010
										Consumer
	IT Services and Products									Care and						Reconciling
Particulars	IT Services			IT Products			Total			Lighting			Others			Items			Entity Total
Revenues		52,396			8,900			61,496			6,084			2,285			(36	)		69,829
Cost of revenues		(33,827	)		(8,116	)		(41,943	)		(3,297	)		(2,335	)		(189	)		(47,764	)
Selling and marketing expenses		(2,966	)		(257	)		(3,223	)		(1,752	)		(106	)		20			(5,061	)
General and administrative expenses		(3,085	)		(265	)		(3,350	)		(228	)		(62	)		—			(3,640	)
Operating income of segment		12,718			262			12,980			807			(218	)		(205	)		13,364
Opening capital employed								114,690			19,818			5,765			96,469			236,743
Closing capital employed								136,280			20,074			7,068			96,091			259,513
Average capital employed								125,485			19,946			6,417			96,280			248,128
Return on capital employed								41	%		16	%		(14	)%					22	%


	Year ended March 31, 2009
										Consumer
	IT Services and Products									Care and						Reconciling
Particulars	IT Services			IT Products			Total			Lighting			Others			Items			Entity Total
Revenues		191,613			34,277			225,890			19,249			8,995			1,204			255,338
Cost of revenues		(128,473	)		(30,886	)		(159359	)		(10,782	)		(8,679	)		(1,395	)		(180,215	)
Selling and marketing expenses		(10,672	)		(1,361	)		(12,033	)		(4,750	)		(249	)		(236	)		(17,313	)
General and administrative expenses		(12,271	)		(667	)		(12,938	)		(1,125	)		(316	)		(131	)		(14,510	)
Operating income of segment		40,197			1,363			41,560			2,592			(294	)		(558	)		43,300
Opening capital employed								93,845			17,359			6,149			53,081			170,433
Closing capital employed								115,089			18,782			5,638			64,763			204,272
Average capital employed								104,467			18,070			5,893			58,922			187,353
Return on capital employed								40	%		14	%		(5	)%					23	%


	Year ended March 31, 2010
										Consumer
	IT Services and Products									Care and						Reconciling
Particulars	IT Services			IT Products			Total			Lighting			Others			Items			Entity Total
Revenues		202,490			38,205			240,695			22,584			7,143			819			271,241
Cost of revenues		(132,144	)		(34,151	)		(166,295	)		(11,805	)		(7,446	)		(753	)		(186,299	)
Selling and marketing expenses		(10,492	)		(1,275	)		(11,767	)		(6,492	)		(323	)		(27	)		(18,608	)
General and administrative expenses		(12,446	)		(1,015	)		(13,461	)		(1,207	)		(210	)		56			(14,823	)
Operating income of segment		47,408			1,764			49,172			3,080			(836	)		95			51,511
Opening capital employed								115,089			18,782			5,638			64,763			204,272
Closing capital employed								136,280			20,074			7,068			96,091			259,513
Average capital employed								125,685			19,428			6,353			80,427			231,893
Return on capital employed								39	%		16	%		(13	)%					22	%

R K SWAMY/BBDO 2261

9.		Statement of assets and liabilities will be provided along with the audited financial results.

10.		Corresponding figures for previous periods presented have been regrouped, where ever necessary, to conform to the current period classification.



Place: Bangalore Date: April 23,2010	By order of the board Azim H Premji Chairman	WIPRO LIMITED Regd. Officer: Doddakannelli, Sarjapur Road, Bangalore — 560035. www.wipro.com