Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE MONTHS ENDED JUNE 30, 2015

1

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

( in millions, except share and per share data, unless otherwise stated)

		As of March 31,		As of June 30,
	Notes	2015		2015		2015
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill	5		68,078		69,240		1,089
Intangible assets	5		7,931		7,933		126
Property, plant and equipment	4		54,206		55,738		877
Derivative assets	13		736		271		4
Available for sale investments	7		3,867		4,013		63
Non-current tax assets			11,409		11,551		182
Deferred tax assets			2,945		3,636		57
Other non-current assets	10		14,369		14,179		223
Total non-current assets			163,541		166,611		2,621
Inventories	8		4,849		4,736		74
Trade receivables			91,531		91,740		1,443
Other current assets	10		73,359		69,487		1,093
Unbilled revenues			42,338		46,259		727
Available for sale investments	7		53,908		110,585		1,739
Current tax assets			6,490		6,949		109
Derivative assets	13		5,077		3,250		51
Cash and cash equivalents	9		158,940		132,937		2,091
Total current assets			436,492		465,943		7,327
TOTAL ASSETS			600,033		632,554		9,948
EQUITY
Share capital			4,937		4,938		78
Share premium			14,031		14,120		222
Retained earnings			372,248		394,177		6,199
Share based payment reserve			1,312		1,688		27
Other components of equity			15,454		14,485		228
Equity attributable to the equity holders of the Company			407,982		429,408		6,754
Non-controlling interest			1,646		1,827		29
Total equity			409,628		431,235		6,783
LIABILITIES
Long - term loans and borrowings	11		12,707		12,702		200
Deferred tax liabilities			3,240		3,186		50
Derivative liabilities	13		71		41		1
Non-current tax liabilities			6,695		6,269		99
Other non-current liabilities	12		3,658		5,441		86
Provisions	12		5		12		—
Total non-current liabilities			26,376		27,651		436
Loans and borrowings and bank overdrafts	11		66,206		69,082		1,085
Trade payables and accrued expenses			58,745		63,962		1,006
Unearned revenues			16,549		16,829		265
Current tax liabilities			8,036		8,932		140
Derivative liabilities	13		753		1,261		20
Other current liabilities	12		12,223		12,238		192
Provisions	12		1,517		1,364		21
Total current liabilities			164,029		173,668		2,729
TOTAL LIABILITIES			190,405		201,319		3,165
TOTAL EQUITY AND LIABILITIES			600,033		632,554		9,948

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

2

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF INCOME

( in millions, except share and per share data, unless otherwise stated)

		Three Months ended June 30,
	Notes	2014			2015			2015
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues	17		111,358			122,376			1,923
Cost of revenues	18		(74,941	)		(84,787	)		(1,333	)
Gross profit			36,417			37,589			590
Selling and marketing expenses	18		(7,557	)		(8,044	)		(126	)
General and administrative expenses	18		(6,187	)		(6,853	)		(108	)
Foreign exchange gains/(losses), net			1,098			1,330			21
Results from operating activities			23,771			24,022			377
Finance expenses	19		(888	)		(1,286	)		(20	)
Finance and other income	20		4,239			5,242			82
Profit before tax			27,122			27,978			439
Income tax expense	16		(5,942	)		(5,945	)		(93	)
Profit for the period			21,180			22,033			346
Attributable to:
Equity holders of the Company			21,032			21,877			344
Non-controlling interest			148			156			2
Profit for the period			21,180			22,033			346
Earnings per equity share:	21
Attributable to equity share holders of the Company
Basic			8.57			8.91			0.14
Diluted			8.54			8.89			0.14
Weighted average number of equity shares used in computing earnings per equity share
Basic			2,455,543,231			2,455,804,709			2,455,804,709
Diluted			2,462,939,809			2,460,584,039			2,460,584,039

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

3

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

( in millions, except share and per share data, unless otherwise stated)

		Three Months ended June 30,
	Notes	2014			2015			2015
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period			21,180			22,033			346
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)			(50	)		(660	)		(10	)
			(50	)		(660	)		(10	)
Items that may be reclassified subsequently to profit or Loss
Foreign currency translation differences	15		832			1,603			25
Net change in fair value of cash flow hedges	13,16		(249	)		(1,999	)		(30	)
Net change in fair value of available for sale investments	7,16		259			112			2
			842			(284	)		(3	)
Total other comprehensive income, net of taxes			792			(944	)		(13	)
Total comprehensive income for the period			21,972			21,089			333
Attributable to:
Equity holders of the Company			21,825			20,908			330
Non-controlling interest			147			181			3
			21,972			21,089			333

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

4

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

( in millions, except share and per share data, unless otherwise stated)

													Other components of equity											Equity
Particulars	No. of Shares*		Share capital		Share premium		Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves			Shares held by controlled trust			attributable to the equity holders of the Company		Non- controlling interest			Total equity
As at April 1, 2014		2,466,317,273		4,932		12,664		314,952			1,021			10,060		499			(87	)		(542	)		343,499		1,387			344,886
Total comprehensive income for the period
Profit for the period		—		—		—		21,032			—			—		—			—			—			21,032		148			21,180
Other comprehensive income		—		—		—		—			—			832		(249	)		209			—			792		(1	)		791
Total comprehensive income far the period		—		—		—		21,032			—			832		(249	)		209			—			21,824		147			21,971
Transaction with owners of the company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		918,275		2		229					(229	)		—		—			—			—			2		—			2
Dividends		—		—		—		—			—			—		—			—			—			—		(314	)		(314	)
Compensation cost related to employee share based payment transactions		—		—		—		(31	)		353			—		—			—			—			322		—			322
		918,275		2		229		(31	)		124			—		—			—			—			324		(314	)		10
As at June 30, 2014		2,467,235,548		4,934		12,893		335,953			1,145			10,892		250			122			(542	)		365,647		1,220			366,867
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				82		215		5,594			19			181		4			2			(9	)		6,088		20			6,108

5

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

( in millions, except share and per share data, unless otherwise stated)

												Other components of equity
Particulars	No. of Shares*		Share capital		Share premium		Retained earnings		Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves			Shares held by controlled trust		Equity attributable to the equity holders of the Company			Non- controlling interest		Total equity
As at April 1,2015		2,469,043,038		4,937		14,031		372,248		1,312			11,249		3,550			655			—		407,982			1,646		409,628
Total comprehensive income for the period
Profit for the period		—		—		—		21,877		—			—		—			—			—		21,877			156		22,033
Other comprehensive income		—		—		—		—		—			1,578		(1,999	)		(548	)		—		(969	)		25		(944	)
Total comprehensive income for the period		—		—		—		21,877		—			1,578		(1,999	)		(548	)		—		20,908			181		21,089
Transaction with owners of the company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		257,763		1		89		—		(89	)		—		—			—			—		1			—		1
Compensation cost related to employee share based payment transactions		—		—		—		52		465			—		—			—			—		517			—		517
		257,763		1		89		52		376			—		—			—			—		518			—		518
As at June 30, 2015		2,469,300,801		4,938		14,120		394,177		1,688			12,827		1,551			107			—		429,408			1,827		431,235
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				78		222		6,199		27			202		24			2			—		6,754			29		6,783

* Includes 16,640,212 and 14,829,824 treasury shares as of June 30, 2014 and 2015, respectively.

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

6

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

( in millions, except share and per share data, unless otherwise stated)

	Quarter ended June 30,
	2014			2015			2015
							Translation into US$ in millions (Unaudited) Refer note 2(iv)
Cash flows from operating activities:
Profit for the period		21,180			22,033			346
Adjustments:
Loss/ (gain) on sale of property, plant and equipment and intangible assets, net		(2	)		(1	)		(0	)
Depreciation and amortization		2,834			3,367			53
Exchange loss, net		2,099			703			11
Gain on sale of investments, net		(898	)		(413	)		(6	)
Share based compensation expense		322			482			8
Income tax expense		5,942			5,945			93
Dividend and interest (income)/expenses, net		(3,140	)		(4,513	)		(71	)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(789	)		(209	)		(3	)
Unbilled revenue		(2,346	)		(3,921	)		(62	)
Inventories		(85	)		113			2
Other assets		(2,043	)		(1,115	)		(18	)
Trade payables, accrued expenses and other liabilities and provision		3,824			5,092			80
Unearned revenue		181			280			5
Cash generated from operating activities before taxes		27,079			27,843			437
Income taxes paid, net		(5,415	)		(5,848	)		(92	)
Net cash generated from operating activities		21,664			21,995			345
Cash flows from investing activities:
Purchase of property, plant and equipment		(3,271	)		(3,401	)		(53	)
Proceeds from sale of property, plant and equipment		50			95			1
Purchase of available for sale investments		(158,301	)		(225,500	)		(3,546	)
Proceeds from sale of available for sale investments		122,796			169,019			2,659
Investment in inter-corporate deposits		(13,000	)		(6,900	)		(109	)
Refund of inter-corporate deposits		—			12,000			189
Payment for deferred consideration in respect of business acquisition		(243	)		—			—
Interest received		3,214			3,648			57
Dividend received		109			26			0
Net cash used in investing activities		(48,646	)		(51,013	)		(801	)
Cash flows from financing activities:
Proceeds from issuance of equity shares/shares pending allotment		2			1			0
Repayment of loans and borrowings		(32,960	)		(28,973	)		(456	)
Proceeds from loans and borrowings		28,124			30,912			486
Interest paid on loans and borrowings		(254	)		(409	)		(6	)
Payment of cash dividend (including dividend tax thereon)		(314	)		—			—
Net cash generated from/(used in) financing activities		(5,402	)		1,525			24
Net increase in cash and cash equivalents during the period		(32,384	)		(27,493	)		(432	)
Effect of exchange rate changes on cash and cash equivalents		299			731			11
Cash and cash equivalents at the beginning of the period		114,201			158,713			2,496
Cash and cash equivalents at the end of the period (Note 9)		82,116			131,951			2,076

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

7

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

( in millions, except share and per share data, unless otherwise stated)

1. The Company overview

Wipro Limited (“Wipro” or the “Parent Company”), together with its subsidiaries (collectively, “the Company” or the “Group”) is a leading India based provider of IT Services, including Business Process Services (“BPS”), globally.

Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore – 560 035, Karnataka, India. Wipro has its primary listing with Bombay Stock Exchange and National Stock Exchange in India. The Company’s American Depository Shares representing equity shares are also listed on the New York Stock Exchange. These condensed consolidated interim financial statements were authorized for issue by the Company’s Board of Directors on July 23, 2015.

2. Basis of preparation of financial statements

(i) Statement of compliance

These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). Selected explanatory notes are included to explain events and transactions that are significant to understand the changes in financial position and performance of the Company since the last annual consolidated financial statements as at and for the year ended March 31, 2015. These condensed consolidated interim financial statements do not include all the information required for full annual financial statements prepared in accordance with IFRS.

(ii) Basis of preparation

These condensed consolidated interim financial statements are prepared in accordance with International Accounting Standard (IAS) 34, “Interim Financial Reporting”.

The condensed consolidated interim financial statements correspond to the classification provisions contained in IAS 1(revised), “Presentation of Financial Statements”. For clarity, various items are aggregated in the statements of income and statements of financial position. These items are disaggregated separately in the Notes, where applicable. The accounting policies have been consistently applied to all periods presented in these condensed consolidated interim financial statements.

All amounts included in the condensed consolidated interim financial statements are reported in millions of Indian rupees (  in millions) except share and per share data, unless otherwise stated. Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages may not precisely reflect the absolute figures.

(iii) Basis of measurement

The condensed consolidated interim financial statements have been prepared on a historical cost convention and on an accrual basis, except for the following material items that have been measured at fair value as required by relevant IFRS:

a. Derivative financial instruments;

b. Available-for-sale financial assets; and

c. The defined benefit asset/ (liability) is recognised at the present value of defined benefit obligation less fair value of plan assets.

8

(iv) Convenience translation (unaudited)

The accompanying condensed consolidated interim financial statements have been prepared and reported in Indian rupees, the national currency of India. Solely for the convenience of the readers, the condensed consolidated interim financial statements as of and for the quarter ended June 30, 2015, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = 63.59, as published by Federal Reserve Board of Governors on June 30, 2015. No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate.

(v) Use of estimates and judgment

The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the condensed consolidated interim financial statements are included in the following notes:

a) Revenue recognition: The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts. Percentage of completion method accounting relies on estimates of total expected contract revenue and costs. This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to complete include estimates of future labor costs and productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, recognized revenue and profit are subject to revisions as the contract progresses to completion. When estimates indicate that a loss will be incurred, the loss is provided for in the period in which the loss becomes probable.

b) Goodwill: Goodwill is tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of the cash generating unit is less than its carrying value. The recoverable amount of cash generating units is higher of value-in-use and fair value less cost to sell. The calculation involves use of significant estimates and assumptions which includes turnover and earnings multiples, growth rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions.

c) Income taxes: The major tax jurisdictions for the Company are India and the United States of America. Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be resolved over extended time periods.

d) Deferred taxes: Deferred tax is recorded on temporary differences between the tax bases of assets and liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carry-forwards become deductible. The Company considers the expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of the deferred income tax assets considered realizable, however, could be reduced in the near term if estimates of future taxable income during the carry-forward period are reduced.

e) Business combination: In accounting for business combinations, judgment is required in identifying whether an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired, and liabilities and contingent consideration assumed involves management judgment. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. Changes in these judgments, estimates, and assumptions can materially affect the results of operations.

9

f) Other estimates: The preparation of financial statements involves estimates and assumptions that affect the reported amount of assets, liabilities, disclosure of contingent liabilities at the date of financial statements and the reported amount of revenues and expenses for the reporting period. Specifically, the Company estimates the uncollectability of accounts receivable by analyzing historical payment patterns, customer concentrations, customer credit-worthiness and current economic trends. If the financial condition of a customer deteriorates, additional allowances may be required. Similarly, the Company provides for inventory obsolescence, excess inventory and inventories with carrying values in excess of net realizable value based on assessment of the future demand, market conditions and specific inventory management initiatives. If market conditions and actual demands are less favorable than the Company’s estimates, additional inventory provisions may be required. In all cases inventory is carried at the lower of historical cost and net realizable value. The stock compensation expense is determined based on the Company’s estimate of equity instruments that will eventually vest.

Non-marketable equity investments are initially recorded at cost and subsequently measured at fair value. Fair value of investments is determined using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable companies, such as revenue, earnings, comparable performance multiples, recent financial rounds and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable company sizes, growth rates, and development stages. The income approach includes the use of discounted cash flow model, which requires significant estimates regarding the investees’ revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available historical and forecast data.

3. Significant accounting policies

Please refer to the Company’s Annual Report for the year ended March 31, 2015 for a discussion of the Company’s other critical accounting policies.

New Accounting standards adopted by the Company:

The accounting policies adopted in the preparation of the condensed consolidated interim financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended March 31, 2015, except for the adoption of amendments and interpretations effective as of April 1, 2015. Although these amendments and amendments apply for the first time in the current financial year, they do not have a material impact on the condensed consolidated interim financial statements.

New accounting standards not yet adopted:

A number of new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2015, and have not been applied in preparing these condensed consolidated interim financial statements. New standards, amendments to standards and interpretations that could have a potential impact on the consolidated financial statements of the Company are:

IFRS 9 – Financial instruments

In July 2014, the IASB completed its project to replace IAS 39, Financial Instruments: Recognition and Measurement by publishing the final version of IFRS 9: Financial Instruments. IFRS 9 introduces a single approach for the classification and measurement of financial assets according to their cash flow characteristics and the business model they are managed in, and provides a new impairment model based on expected credit losses. IFRS 9 also includes new guidance regarding the application of hedge accounting to better reflect an entity’s risk management activities especially with regard to managing non-financial risks. The new standard is effective for annual reporting periods beginning on or after January 1, 2018, while early application is permitted. The application of IFRS 9 may have a material impact on the classification, measurement and presentation of the Company’s financial assets and liabilities. The Company is currently assessing the impact of adopting IFRS 9 on the Company’s consolidated financial statements.

10

IFRS 15 – Revenue from Contracts with Customers

IFRS 15 supersedes all existing revenue requirements in IFRS (IAS 11 Construction Contracts, IAS 18 Revenue and related interpretations). According to the new standard, revenue is recognized to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 establishes a five step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligation; changes in contract asset and liability account balances between periods and key judgments and estimates. The standard permits the use of either the retrospective or cumulative effect transition method. The standard is effective for annual periods beginning on or after January 1, 2017; early application is permitted. In May 2015, the IASB, through an exposure draft, proposed changing the effective date to periods beginning on or after January 1, 2018 instead of January 1, 2017. The Company is currently assessing the impact of adopting IFRS 15 on the Company’s consolidated financial statements.

4. Property, plant and equipment

	Land			Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2014		3,687			24,062			72,310			12,347			966			113,372
Translation adjustment		1			13			138			26			2			180
Additions		—			89			2,824			199			2			3,114
Disposal / adjustments		—			(36	)		(748	)		(129	)		(36	)		(949	)
As at June 30, 2014		3,688			24,128			74,524			12,443			934			115,717
Accumulated depreciation/impairment:
As at April 1, 2014		—			3,815			52,315			9,535			944			66,609
Translation adjustment		—			5			87			16			—			108
Depreciation		—			177			2,115			351			2			2,645
Disposal / adjustments		—			(36	)		(740	)		(54	)		(35	)		(865	)
As at June 30, 2014		—			3,961			53,777			9,848			911			68,497
Net carrying value as at June 30, 2014		3,688			20,167			20,747			2,595			23			47,220
Capital work-in-progress																	4,818
Net carrying value including Capital work-in-progress as at June 30, 2014																	52,038
Gross carrying value:
As at April 1, 2014		3,687			24,062			72,310			12,347			966			113,372
Translation adjustment		(2	)		50			122			(120	)		(22	)		28
Additions		—			446			11,978			873			36			13,333
Additions through business combination		—			89			871			120			1			1,081
Disposal / adjustments		—			(132	)		(5,687	)		(522	)		(151	)		(6,492	)
As at March 31, 2015		3,685			24,515			79,594			12,698			830			121,322
Accumulated depreciation/impairment:
As at April 1, 2014		—			3,815			52,315			9,535			944			66,609
Translation adjustment		—			36			243			(71	)		2			210
Depreciation		—			755			9,220			1,430			12			11,417
Disposal / adjustments		—			(93	)		(5,149	)		(258	)		(149	)		(5,649	)
As at March 31, 2015		—			4,513			56,629			10,636			809			72,587
Net carrying value as at March 31, 2015		3,685			20,002			22,965			2,062			21			48,735
Capital work-in-progress																	5,471
Net carrying value including Capital work-in-progress as at March 31, 2015																	54,206
Gross carrying value:
As at April 1, 2015		3,685			24,515			79,594			12,698			830			121,322
Translation adjustment		5			72			647			63			4			791
Additions		—			124			2,415			189			2			2,730
Disposal / adjustments		—			—			(450	)		(311	)		(16	)		(777	)
As at June 30, 2015		3,690			24,711			82,206			12,639			820			124,066

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	Land		Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles		Total
Accumulated depreciation/impairment:
As at April 1, 2015		—		4,513			56,629			10,636			809		72,587
Translation adjustment		—		23			370			42			—		435
Depreciation		—		193			2,558			294			8		3,053
Disposal / adjustments		—		(39	)		(455	)		(217	)		3		(708	)
As at June 30, 2015		—		4,690			59,102			10,755			820		75,367
Net carrying value as at June 30, 2015		3,690		20,021			23,104			1,884			—		48,699
Capital work-in-progress															7,039
Net carrying value including Capital work-in-progress as at June 30, 2015															55,738

^*  Including computer equipment and software

5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2015		Three months ended June 30, 2015
Balance at the beginning of the period		63,422		68,078
Translation adjustment		1,098		1,162
Acquisition through business combination, net		3,558		—
Balance at the end of the period		68,078		69,240

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2014		3,404			1,100			4,504
Translation adjustment		6			—			6
As at June 30, 2014		3,410			1100			4,510
Accumulated amortization and impairment:
As at April 1, 2014		1,892			676			2,568
Translation adjustment		—			(1	)		(1	)
Amortization		116			26			142
As at June 30, 2014		2,008			701			2,709
Net carrying value as at June 30, 2014		1,402			399			1,801
Gross carrying value:
As at April 1, 2014		3,404			1,100			4,504
Translation adjustment		(1,015	)		(95	)		(1,110	)
Disposal/ adjustment		—			(100	)		(100	)
Acquisition through business combination		8,228			—			8,228
As at March 31, 2015		10,617			905			11,522

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	Intangible assets
	Customer related		Marketing related			Total
Accumulated amortization and impairment:
As at April 1, 2014		1,892		676			2,568
Translation adjustment		—		(104	)		(104	)
Disposal/ adjustment		—		(82	)		(82	)
Amortization and impairment		1,044		165			1,209
As at March 31, 2015		2,936		655			3,591
Net carrying value as at March 31, 2015		7,681		250			7,931
Gross carrying value:
As at April 1, 2015		10,617		905			11,522
Translation adjustment		345		33			378
As at June 30, 2015		10,962		938			11,900
Accumulated amortization and impairment:
As at April 1, 2015		2,936		655			3,591
Translation adjustment		—		31			31
Amortization		277		18			295
As at June 30, 2015		3,213		704			3,917
Net carrying value as at June 30, 2015		7,749		234			7,983

Amortization expense on intangible assets is included in selling and marketing expenses in the condensed consolidated interim statement of income.

6. Business combination

ATCO I-Tek Inc.

On August 15, 2014, the Company obtained control of ATCO I-Tek Inc., a Canadian entity, by acquiring 100% of its share capital and certain assets of IT services business of ATCO I-Tek Australia (hereafter the acquisitions are collectively referred to as ‘acquisition of ATCO I-Tek’) for an all-cash consideration of 11,420 (Canadian Dollars 204 million). ATCO I-Tek provides IT services to ATCO Group. The acquisition will strengthen Wipro’s IT services delivery model in North America and Australia.

As part of conclusion of certain closing conditions, 349 had been reduced from the purchase price. Consequently, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition.

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The following table presents the allocation of purchase price:

Description	Pre-acquisition carrying amount			Fair value adjustments			Purchase price allocated
Assets
Cash		71			—			71
Property, plant & equipment (including capital work-in-progress and software)		1,689			(278	)		1,411
Trade receivables		210			—			210
Other assets		296			—			296
Customer related intangibles		—			8,228			8,228
Liabilities
Trade payables and accrued liabilities		(798	)		—			(798	)
Deferred income taxes, net		(138	)		(2,017	)		(2,155	)
Total		1,330			5,933			7,263
Goodwill								3,808
Total purchase price								11,071

The goodwill of 3,808 comprises value of expected synergies arising from the acquisition. Goodwill is not expected to be deductible for income tax purposes.

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7. Available for sale investments

Available for sale investments consists of the following:

	As at March 31, 2015								As at June 30, 2015
	Cost*		Gross gain recognized directly in equity		Gross loss recognized directly in equity		Fair Value		Cost*		Gross gain recognized directly in equity		Gross loss recognized directly in equity		Fair Value
Investment in liquid and short-term mutual funds and others		56,437		1,340		(2)		57,775		113,254		1,344		—		114,598
Total		56,437		1,340		(2)		57,775		113,254		1,344		—		114,598
Current								53,908								110,585
Non-current								3,867								4,013

* Available for sale investments includes investments amounting to  103 (March 31, 2015:  Nil) pledged as margin money deposits for entering into currency future contracts.

8. Inventories

Inventories consist of the following:

	As at
	March 31, 2015		June 30, 2015
Stores and spare parts		932		917
Raw materials and components		3		2
Work in progress		2		—
Finished goods and traded goods		3,912		3,817
		4,849		4,736

9. Cash and cash equivalents

Cash and cash equivalents as of March 31, 2015 and June 30, 2015 consists of cash and balances on deposit with banks. Cash and cash equivalents consists of the following:

	As at
	March 31, 2015		June 30, 2015
Cash and bank balances		47,198		18,271
Demand deposits with banks (1)		111,742		114,666
		158,940		132,937

⁽¹⁾  These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal.

Cash and cash equivalents consists of the following for the purpose of the cash flow statement:

	As at
	June 30, 2014		June 30, 2015
Cash and cash equivalents		82,116		132,937
Bank overdrafts		—		(986	)
		82,116		131,951

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10. Other assets

	As at
	March 31, 2015		June 30, 2015
Current
Inter corporate and term deposits (1) (2)		38,500		33,400
Prepaid expenses		10,562		12,178
Due from officers and employees		3,488		3,491
Finance lease receivables		3,461		2,795
Advance to suppliers		2,430		2,294
Deferred contract costs		3,610		3,937
Interest receivable		5,290		6,304
Deposits		763		773
Balance with excise, customs and other authorities		1,786		1,409
Others (3) (4)		3,469		2,906
		73,359		69,487
Non-current
Prepaid expenses including rentals for leasehold land		6,630		7,033
Finance lease receivables		2,899		2,579
Deferred contract costs		4,445		4,206
Deposits		65		22
Others		330		339
		14,369		14,179
Total		87,728		83,666

⁽¹⁾ Such deposits earn a fixed rate of interest and will be liquidated within 12 months

⁽²⁾ Term deposits include deposits amounting to 300 (March 31, 2015: 300) lien marked as margin money deposits for entering into currency future contracts.

⁽³⁾  Others include 30 (March 31, 2015: 77) due from Wipro Enterprises Private Limited (formerly Wipro Enterprises Limited) and its subsidiaries.

⁽⁴⁾ Others include 426 (March 31, 2015: 400) representing assets held for sale.

11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31 , 2015		June 30, 2015
Short-term borrowings from banks		64,335		67,258
External commercial borrowings		9,375		9,548
Obligations under finance leases		4,878		4,794
Term loans		325		184
Total loans and borrowings		78,913		81,784

12. Other liabilities and provisions

	As at
Other liabilities:	March 31, 2015		June 30, 2015
Current:
Statutory and other liabilities		3,530		3,251
Employee benefit obligations		4,802		5,454
Advance from customers		2,200		2,193
Others (1)		1,691		1,340
		12,223		12,238

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	As at
Other liabilities:	March 31, 2015		June 30, 2015
Non-current:
Employee benefit obligations		3,062		4,759
Others		596		682
		3,658		5,441
Total		15,881		17,679

⁽¹⁾  Others include 206 (March 31, 2015: 340) due to Wipro Enterprises Private Limited (formerly Wipro Enterprises Limited) and its subsidiaries.

	As at
	March 31, 2015		June 30, 2015
Provisions:
Current:
Provision for warranty		306		320
Others		1,211		1,044
		1,517		1,364
Non-current:
Provision for warranty		5		12
Total		1,522		1,376

Provision for warranty represents cost associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 to 2 years. Other provisions primarily include provisions for tax related contingencies and litigations. The timing of cash outflows in respect of such provision cannot be reasonably determined.

13. Financial instruments

Derivative assets and liabilities:

The Company is exposed to foreign currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, foreign currency forecasted cash flows and net investment in foreign operations. The counter parties in these derivative instruments are primarily banks and the Company considers the risks of non-performance by the counterparties as non-material.

The following table presents the aggregate contracted principal amounts of the Company’s derivative contracts outstanding:

	As at
	March 31, 2015		June 30, 2015
Designated derivative instruments
Sell	$	836	$	804
	£	198	£	228
	€	220	€	258
	AUD	83	AUD	86
Interest rate swaps	$	150	$	150
Net investment hedges in foreign operations
Others	$	145	$	135

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	As at
	March 31, 2015		June 30, 2015
Non designated derivative instruments
Sell	$	1,304	$	910
	£	67	£	97
	€	60	€	65
	AUD	53	AUD	43
	¥	490	¥	490
	SGD	13	SGD	13
	ZAR	69	ZAR	129
	CAD	30	CAD	25
	CHF	10	CHF	10
Buy	$	790	$	920

The following table summarizes activity in the cash flow hedging reserve within equity related to all derivative instruments classified as cash flow hedges:

	As at June 30,
	2014			2015
Balance as at the beginning of the period		567			4,268
Deferred cancellation gain/(loss)		—			47
Changes in fair value of effective portion of derivatives		(252	)		(2,439	)
Gain/(loss) on cash flow hedging derivatives, net		(252)			(2,392)
Balance as at the end of the period		315			1,876
Deferred tax asset/(liability) thereon		(65)			(325)
Balance as at the end of the period, net of deferred tax		250			1,551

As at March 31, 2015, June 30, 2014 and 2015, there were no significant gains or losses on derivative transactions or portions thereof that have become ineffective as hedges, or associated with an underlying exposure that did not occur.

14. Fair value hierarchy

Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled revenues, finance lease receivables, employee and other advances and eligible current and non-current assets, long and short-term loans and borrowings, finance lease payables, bank overdrafts, trade payable, eligible current liabilities and non-current liabilities. The fair value of financial assets and liabilities approximate their carrying amount largely due to the short-term nature of such assets and liabilities.

Investments in liquid and short-term mutual funds, which are classified as available-for-sale are measured using quoted market prices at the reporting date multiplied by the quantity held.

The fair value of derivative financial instruments is determined based on observable market inputs including currency spot and forward rates, yield curves, currency volatility etc.

Fair value hierarchy

The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

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Level 3 – Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following table presents fair value of hierarchy of assets and liabilities measured at fair value on a recurring basis:

	As at March 31, 2015								As at June 30, 2015
Particulars	Fair value measurements at reporting date using								Fair value measurements at reporting date using
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Derivative instruments
- Cash flow hedges		4,237		—		4,237		—		2,178		—		2,178		—
- Net investment hedges		140		—		140		—		144		—		144		—
- Others		1,436		—		912		524		1,199		—		675		524
Available for sale financial assets:
- Investment in liquid and short-term mutual funds		10,202		10,202		—		—		47,166		47,166		—		—
- Other investments		43,706		2,046		41,660		—		63,419		2,211		61,208		—
- Investment in equity instruments		3,867		—		—		3,867		4,013		—		—		4,013
Liabilities
Derivative instruments
- Cash flow hedges		80		—		80		—		354		—		354		—
- Net investment hedges		264		—		264		—		275		—		275		—
- Others		480		—		480		—		673		—		673		—

The following methods and assumptions were used to estimate the fair value of the level 2 financial instruments included in the above table.

Derivative instruments (assets and liabilities): The Company enters into derivative financial instruments with various counter-parties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As on June 30, 2015, the changes in counterparty credit risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value.

Available for sale investments (Investment in commercial papers): Fair value of available-for-sale financial assets is derived based on the indicative quotes of price and yields prevailing in the market as on June 30, 2015.

Details of assets and liabilities considered under Level 3 classification:

	Available for sale investments – Equity instruments			Derivative Assets – Others
Opening Balance as on April 1, 2014		2,676			110
Additions		546			433
Disposals/ payouts		(916	)		—
Gain/(loss) recognized in statement of income		608			(19	)
Gain recognized in other comprehensive income		953			—
Closing balance as on March 31, 2015		3,867			524

19

	Available for sale investments – Equity instruments		Derivative Assets – Others
Opening Balance as on April 1, 2015		3,867		524
Additions/(Deletions)		146		—
Closing balance as on June 30, 2015		4,013		524

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Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Input	Sensitivity of the input to fair value
Available for sale investments in unquoted equity shares	Discounted cash flow model	Long term growth rate	2%	0.5% increase (decrease) in growth rate would result in increase (decrease) in fair value of AFS investments by  44, ( 40) respectively
		Discount rate	14%	0.5% increase (decrease) in discount rate would result in increase (decrease) in fair value of AFS investments by 85 ( 91) respectively
	Market multiple approach	Revenue multiple	4.1X	0.5% increase (decrease) in revenue multiple would result in increase (decrease) in fair value of AFS investments by  148 ( 152) respectively
Derivative assets	Option pricing model	Volatility of comparable companies	45%	2.5% increase (decrease) in volatility would result in increase (decrease) in fair value of the derivative asset by 32, ( 33) respectively
Time to liquidation event			4.5 years	1 year increase (decrease) in time to liquidation event would result in increase (decrease) in fair value of the derivative asset by  63, ( 85), respectively

15. Foreign currency translation reserve

The movement in foreign currency translation reserve attributable to equity holders of the Company is summarized below:

	As at
	June 30, 2014		June 30, 2015
Balance at the beginning of the period		10,060		11,249
Translation difference related to foreign operations, net		606		1,757
Change in effective portion of hedges of net investment in foreign operations		226		(179	)
Total change during the period		832		1,578
Balance at the end of the period		10,892		12,827

16. Income taxes

Income tax expense / (credit) has been allocated as follows:

	Three months ended
	June 30, 2014			June 30, 2015
Income tax expense as per the statement of income		5,942			5,945
Income tax included in other comprehensive income on:
Unrealized gain on available for sale investments		41			(106	)
Gain / (loss) on cash flow hedging derivatives		(3	)		(393	)
Defined benefit plan actuarial gains / (losses)		(15	)		(187	)
Total income taxes		5,965			5,259

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Income tax expense consists of the following:

	Three months ended
	June 30, 2014		June 30, 2015
Current taxes
Domestic		5,090		4,833
Foreign		934		1,170
		6,024		6,003
Deferred taxes
Domestic		(182)		(98)
Foreign		100		40
		(82)		(58)
Total income tax expense		5,942		5,945

Income tax expense is net of reversal of provisions recorded in earlier periods, which are no longer required, amounting to 578 and 355 for the three months ended June 30, 2014 and 2015 respectively.

17. Revenues

	Three months ended
	June 30, 2014		June 30, 2015
Rendering of services		103,846		113,866
Sale of products		7,512		8,510
Total revenues		111,358		122,376

18. Expenses by nature

	Three months ended
	June 30, 2014		June 30, 2015
Employee compensation		53,889		59,007
Raw materials, finished goods and stores and spares consumed		6,578		7,441
Sub-contracting/technical fees/third party application		11,679		14,541
Travel		5,038		5,657
Depreciation and amortization		2,834		3,367
Repairs		2,276		2,684
Advertisement		330		433
Communication		1,279		1,278
Rent		965		1,265
Power and fuel		786		745
Legal and professional fees		784		980
Rates, taxes and insurance		460		660
Provision for doubtful debt		292		219
Miscellaneous expenses		1,495		1,407
Total cost of revenues, selling and marketing and general and administrative expenses		88,685		99,684

19. Finance expense

	Three months ended
	June 30, 2014		June 30, 2015
Interest expense		202		316
Exchange fluctuation on foreign currency borrowings, net		686		970
Total		888		1,286

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20. Finance and other income

	Three months ended
	June 30, 2014		June 30, 2015
Interest income		3,232		4,803
Dividend income		109		26
Gain on sale of investments		898		413
Total		4,239		5,242

21. Earnings per equity share

A reconciliation of profit for the period and equity shares used in the computation of basic and diluted earnings per equity share is set out below:

Basic: Basic earnings per share is calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the period, excluding equity shares purchased by the Company and held as treasury shares.

	Three months ended
	June 30, 2014		June 30, 2015
Profit attributable to equity holders of the Company		21,032		21,877
Weighted average number of equity shares outstanding		2,455,543,231		2,455,804,709
Basic earnings per share		8.57		8.91

Diluted: Diluted earnings per share is calculated by adjusting the weighted average number of equity shares outstanding during the period for assumed conversion of all dilutive potential equity shares. Employee share options are dilutive potential equity shares for the Company.

The calculation is performed in respect of share options to determine the number of shares that could have been acquired at fair value (determined as the average market price of the Company’s shares during the period). The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share options.

	Three months ended
	June 30, 2014		June 30, 2015
Profit attributable to equity holders of the Company		21,032		21,877
Weighted average number of equity shares outstanding		2,455,543,231		2,455,804,709
Effect of dilutive equivalent share options		7,396,578		4,779,330
Weighted average number of equity shares for diluted earnings per share		2,462,939,809		2,460,584,039
Diluted earnings per share		8.54		8.89

22. Employee benefits

a) Employee costs include:

	Three months ended
	June 30, 2014		June 30, 2015
Salaries and bonus		52,466		57,342
Employee benefit plans
Gratuity		162		186
Contribution to provident and other funds		939		997
Share based compensation		322		482
		53,889		59,007

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b) The employee benefit cost is recognized in the following line items in the statement of income:

	Three months ended
	June 30, 2014		June 30, 2015
Cost of revenues		45,358		49,947
Selling and marketing expenses		5,432		5,748
General and administrative expenses		3,099		3,312
		53,889		59,007

The Company has granted 2,485,000 and 2,747,400 options under RSU option plan and 1,688,500 and 1,487,700 options under ADS option plan during the three months ended June 30, 2014 and 2015.

23. Commitments and contingencies

Capital commitments: As at March 31, 2015 and June 30, 2015, the Company had committed to spend approximately 1,262 and 1,681 respectively, under agreements to purchase property and equipment. These amounts are net of capital advances paid in respect of these purchases.

Guarantees: As at March 31, 2015 and June 30, 2015, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately 21,235 and 22,685, respectively, as part of the bank line of credit.

Contingencies and lawsuits: The Company is subject to legal proceedings and claims (including tax assessment orders/ penalty notices) which have arisen in the ordinary course of its business. Some of the claims involve complex issues and it is not possible to make a reasonable estimate of the expected financial effect, if any, that will result from ultimate resolution of such proceedings. However, the resolution of these legal proceedings is not likely to have a material and adverse effect on the results of operations or the financial position of the Company. The significant of such matters are discussed below.

In March 2004, the Company received a tax demand for year ended March 31, 2001 arising primarily on account of denial of deduction under section 10A of the Income Tax Act, 1961 (Act) in respect of profit earned by the Company’s undertaking in Software Technology Park at Bangalore. The same issue was repeated in the successive assessments for the years ended March 31, 2002 to March 31, 2010 and the aggregate demand is 46,515 (including interest of 13,673). The appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2007. Further appeals have been filed by the Income tax authorities before the Hon’ble High Court. The Hon’ble High Court has heard and disposed-off the appeals up to years ended March 31, 2004. Order of the Hon’ble High Court is not yet received.

On similar issues for years prior to years ended March 2001, the Hon’ble High Court in Karnataka has upheld the claim of the Company under section 10A of the Act. For the years ended March 31, 2008 and March 31, 2009, the appeals are pending before Income Tax Appellate Tribunal (Tribunal). For year ended March 31, 2010, the Dispute Resolution Panel (DRP) allowed the claim of the Company under section 10A of the Act. The Income tax authorities have filed an appeal before the Tribunal.

For year ended March 2011, the Company received the draft assessment order in March 2015, on similar grounds as that of earlier years, with a demand of 7,852 (including interest of 2,547) for the year ended March 31, 2011.

Considering the facts and nature of disallowance and the order of the appellate authority/ Hon’ble Karnataka High Court upholding the claims of the Company for earlier years, the Company believes that the final outcome of the above disputes should be in favor of the Company and there should not be any material adverse impact on the financial statements.

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to 2,560 and 2,642 as of March 31, 2015 and June 30, 2015.

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24. Segment information

The Company is organized by the following operating segments; IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing and High-Tech (MFG), Global Media and Telecom (GMT). It also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

IT Products: The Company is a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to the above items is reported as revenue from the sale of IT Products.

The Chairman and Managing Director of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by IFRS 8, “Operating Segments.” The Chairman of the Company evaluates the segments based on their revenue growth and operating income.

Assets and liabilities used in the Company’s business are not identified to any of the operating segments, as these are used interchangeably between segments. Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.

Information on reportable segment for the three months ended June 30, 2014 is as follows:

	IT Services																	IT Products		Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total
Revenue		28,065		11,290		14,727		16,822		19,110		15,069		—		105,083			7,660		(287	)		112,456
Segment Result		6,624		2,131		3,188		4,553		4,368		3,762		—		24,626			165		(397	)		24,394
Unallocated																(623	)		—		—			(623	)
Segment Result Total																24,003			165		(397	)		23,771
Finance expense																								(888	)
Finance and other income																								4,239
Profit before tax																								27,122
Income tax expense																								(5,942	)
Profit for the period																								21,180
Depreciation and amortization																								2,834

Information on reportable segment for the three months ended June 30, 2015 is as follows:

	IT Services																IT Products		Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total
Revenue		31,020		12,988		17,380		17,577		21,524		15,284		—		115,773		8,174		(241	)		123,706
Segment Result		7,013		2,759		3,140		3,812		4,327		2,698		—		23,749		139		(396	)		23,492
Unallocated																530		—		—			530
Segment Result Total																24,279		139		(396	)		24,022
Finance expense																							(1,286	)
Finance and other income																							5,242
Profit before tax																							27,978
Income tax expense																							(5,945	)
Profit for the period																							22,033
Depreciation and amortization																							3,367

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The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows:

	Three months ended
	June 30, 2014		June 30, 2015
India		11,072		13,354
Americas		52,876		61,061
Europe		31,367		30,006
Rest of the world		17,141		19,285
		112,456		123,706

Management believes that it is currently not practicable to provide disclosure of geographical location wise assets, since the meaningful segregation of the available information is onerous.

No client individually accounted for more than 10% of the revenues during the three months ended June 30, 2014 and 2015.

Notes:

a) “Reconciling items” includes elimination of inter-segment transactions, dividend income/ gains/ losses relating to strategic investments and other corporate activities.

b) Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income.

c) Revenues include excise duty of 1 and Nil for the period ended June 30, 2014 and 2015, respectively. For the purpose of segment reporting, the segment revenues are net of excise duty. Excise duty is reported in reconciling items.

d) Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues.

e) For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues (which is reported as a part of operating profit in the statement of income).

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

g) For evaluating the performance of the individual operating segments, amortization of customer and marketing related intangibles acquired through business combinations are reported in reconciling items.

h) 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. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is eliminated under reconciling items.

25. List of subsidiaries as of June 30, 2015 are provided in the table below.

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC			USA
	Wipro Gallagher Solutions Inc	Opus Capital Markets Consultants LLC	USA
	Infocrossing Inc.		USA
	Wipro Promax Analytics Solutions LLC		USA
	Wipro Insurance Solutions LLC Macaw Merger Inc. Wipro IT Services Inc.		USA USA USA

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Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Overseas IT Services Pvt Ltd			India
Wipro Japan KK			Japan
Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings (Mauritius) Limited			Mauritius
	Wipro Holdings UK Limited		U.K.
		Wipro Information Technology Austria GmbH(A)	Austria
		Wipro Digital ApS 3D Networks (UK) Limited Wipro Europe Limited (A)	Denmark U.K. U.K.
		Wipro Promax Analytics Solutions (Europe) Limited	UK
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC#		Doha
	Wipro Technologies S.A DE C. V		Mexico
	Wipro BPO Philippines LTD. Inc		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary
	Wipro Technologies Argentina SA		Argentina
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Limited*		Saudi Arabia
	Wipro Poland Sp Z.o.o		Poland
	Wipro IT Services Poland Sp. z o. o		Poland
	Wipro Technologies Australia Pty Ltd (formerly Wipro Promax Analytics Solutions Pty Ltd)		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro Information Technology Netherlands BV.		Netherland
		Wipro Portugal S.A.(A)	Portugal
		Wipro Technologies Limited, Russia	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Technologies Canada Limited(A)	Canada

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Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima Wipro Outsourcing Services (Ireland) Limited Wipro IT Services Ukraine LLC Wipro Technologies Norway AS Wipro Technologies VZ, C.A.	Costa Rica Ireland Ukraine Norway Venezuela
		Wipro Technologies Peru S.A.C	Peru
	Wipro Technologies SRL		Romania
	PT WT Indonesia		Indonesia
	Wipro Australia Pty Limited		Australia
		Wipro Promax Holdings Pty Ltd(A)	Australia
	Wipro (Thailand) Co Limited		Thailand
	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC Wipro Technologies Spain S.L.		Sultanate of Oman Spain
Wipro Networks Pte Limited			Singapore
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Wipro Airport IT Services Limited*			India

* All the above direct subsidiaries are 100% held by the Company except that the Company holds 66.67% of the equity securities of Wipro Arabia Limited and 74% of the equity securities of Wipro Airport IT Services Limited

# 51% of equity securities of Wipro Doha LLC are held by a local share holder. However, the beneficial interest in these holdings is with the Company.

The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’ and ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa.

^(A) Step Subsidiary details of Wipro Information Technogoty Austria GmbH, Wipro Portugal S.A, Wipro Europe Limited, Wipro Promax Holdings Pty Ltd and Wipro Technologies Canada limited are as follows:

Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information Technogoty Austria GmbH		Austria
	Wipro Technologies Austria GmbH	Austria
	New Logic Technologies SARL	France
Wipro Europe Limited (formerly SAIC Europe Limited)		U.K.
	Wipro UK Limited	U.K.

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Subsidiaries	Subsidiaries	Country of Incorporation
	Wipro Europe SARL	France
Wipro Portugal S.A.		Portugal
	SAS Wipro France	France
	Wipro Retail UK Limited	U.K.
	Wipro do Brasil Technologia Ltda	Brazil
	Wipro Technologies Gmbh	Germany
	Wipro Do Brasil Sistemetas De Informatica Ltd	Brazil
Wipro Promax Holdings Pty Ltd		Australia
	Wipro Promax IP Pty Ltd (formerly PAG IP Pty Ltd)	Australia
Wipro Technologies Canada Limited		Canada
	Wipro Solutions Canada Limited	Canada

26. Bank balances

Details of balances with banks as of June 30, 2015 are as follows:

Bank Name	In Current Account		In Deposit Account		Total
Axis Bank		—		26,602		26,602
ICICI Bank Ltd		29		24,254		24,283
Bank of Baroda		—		17,640		17,640
Canara Bank		—		14,890		14,890
Corporation Bank		—		9,500		9,500
Citi Bank		6,105		771		6,876
HSBC		4,775		1,805		6,580
Yes Bank		—		4,500		4,500
Vijaya Bank		—		4,300		4,300
Oriental Bank of Commerce		—		4,000		4,000
Wells Fargo Bank		3,834		—		3,834
IDBI Bank Ltd		55		3,050		3,105
Punjab National Bank		—		1,500		1,500
Saudi British Bank		100		611		711
Bank of Montreal		579		—		579
Deutsche Bank		543		—		543
HDFC Bank		281		114		395
Standard Chartered Bank		129		160		289
ING Vysya Ltd		8		250		258
Shinhan Bank		2		255		257
Ratnakar Bank		—		250		250
Indian Overseas Bank		2		144		146
Bank Of America		117		—		117
Abu Dhabi Commercial Bank		82		—		82
Standard Bank		74		—		74
BBVA Provincial		1		70		71
ANZ Bank		48		—		48
State Bank of India		42		—		42
Others including cash and cheques on hand		1,463		2		1,465
Total		18,269		114,668		132,937

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27. Subsequent event

Subsequent to the period end, on July 9, 2015, the Company entered into a definitive agreement to acquire Designit A/S (“Designit”), a global strategic design firm specializing in designing transformative product-service experiences, for a total purchase consideration of approximately EURO 85 million, including a deferred earn-out component. The acquisition strengthens the Company’s move to evolve its Digital offerings. The acquisition is subject to completion of customary closing conditions.

The accompanying notes form an integral part of these condensed consolidated interim financial statements

As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP	Azim H Premji	N Vaghul
Chartered Accountants	Chairman	Director
Firm’s Registration No: 101248W/W- 100022	& Managing Director
Vijay Mathur	Jatin Pravinchandra Dalal	T K Kurien	M Sanaulla Khan
Partner	Chief Financial Officer	Executive Director	Company Secretary
Membership No. 046476		& Chief Executive Officer
Mumbai	Bangalore
July 23, 2015	July 23, 2015

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