6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of July 2016

Commission File Number 001-16139

Wipro Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

Sarjapur Road

Bangalore, Karnataka 560035, India +91-80-2844-0011

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F  x             Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  ¨            No   x

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes  ¨            No   x

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION; DISCLOSURE OF

CHANGES IN BOARD COMPOSITION AND AUDITORS

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter ended June 30, 2016. The following financial information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On July 19, 2016, we announced our results of operations for the three months ended June 30, 2016. We issued a press release announcing our results under IFRS. We also announced the retirement of Dr. Jagdish N. Sheth from the Company’s Board of Directors, effective July 18, 2016, and the resignation of Mr. Vyomesh Joshi from the Company’s Board of Directors, effective July 19, 2016. Additionally, we announced the decision of the Company’s Board of Directors, upon recommendation from the Audit Committee, to appoint Deloitte Haskins & Sells LLP as the Company’s statutory auditors for a term of five years, commencing from the financial year 2017-18. This change in appointment is required by Section 139 of the Companies Act, 2013 and the Rules thereunder and is subject to the approval of the shareholders of the Company. A copy of such press release is attached to this Form 6-K as Item 99.1.

On July 19, 2016, we held a press conference to announce our results. The presentation made by the registrant at the press conference is attached to this Form 6-K as Item 99.2.

We placed advertisements in certain Indian newspapers concerning our results of operations for the three months ended June 30, 2016 under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.3.

We make available on our website the Condensed Consolidated Interim Financial Statements as of and for the three months ended June 30, 2016 under IFRS. A copy of such financial statements are attached to this Form 6-K as Item 99.4.

We filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter ended June 30, 2016 under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.5.

We filed with stock exchanges in India a datasheet containing operating metrics for the quarter ended June 30, 2016. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.

WIPRO LIMITED

/s/ Jatin Pravinchandra Dalal

Jatin Pravinchandra Dalal

Chief Financial Officer

Dated: July 25, 2016

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on July 19, 2016
99.3	Form of Advertisement Placed in Indian Newspapers
99.4	Condensed Consolidated Interim Financial Statements under IFRS
99.5	Statutorily Audited Consolidated Financial Results filed with stock exchanges in India
99.6	Data sheet containing operating metrics filed with stock exchanges in India

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the quarter ended June 30, 2016 under IFRS

Gross Revenues grew 11% YoY

IT Services Segment Revenue in US Dollar terms grew by 2.6% sequentially

Bangalore, India and East Brunswick, New Jersey, USA – July 19, 2016 — Wipro Limited (NYSE:WIT) today announced financial results under International Financial Reporting Standards (IFRS) for its first quarter ended June 30, 2016.

Highlights of the Results for the Quarter ended June 30, 2016:

• Gross Revenues were ₹136.0 billion ($2.0 billion¹), an increase of 11% YoY.

• Net Income² was ₹20.5 billion ($304 million¹), a decrease of 6% YoY.

• IT Services Segment Revenue was $1,930.8 million, a sequential increase of 2.6% and YoY increase of 7.6%

• Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 2.0% sequentially and grew 9.5% YoY

• IT Services Segment Revenue in Rupee terms was ₹131.1 billion ($1.9 billion¹), an increase of 13% YoY.

• IT Services Segment Profits³ was ₹23.3 billion ($345 million¹), a decrease of 3% YoY.

• IT Services Margins⁴ was 17.8% for the quarter, as compared to 19.7% for the quarter ended March 31, 2016.

Performance for the quarter ended June 30, 2016

Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board, said, “We have delivered Revenues in line with our guidance. Our early investments in areas such as our Digital practice and cognitive intelligence, notably Wipro HOLMES is positioning as the partner of choice for customers in the CHANGE side of their business. We expect the trajectory of growth to build gradually over the course of the year as we drive execution on our strategic themes and make progress towards achieving a sustainable growth trajectory”

Jatin Dalal, Chief Financial Officer, said – “IT Services margins reflect the investments in rewarding our employees as well as the impact of consolidation of our acquisitions for the full quarter. We continue to expand the reach of our automation programs to harness efficiency gains.”

Outlook for the Quarter ending September 30, 2016

We expect Revenues from our IT Services business to be in the range of $ 1,931 million to $ 1,950 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.46, Euro/USD at 1.13, AUD/USD at 0.74, USD/INR at 67.12 and USD/CAD at 1.29

IT Services

1. For the convenience of the reader, the amounts in Indian Rupees in this release have been translated into United States Dollars at the noon buying rate in New York City on June 30, 2016, for cable transfers in Indian rupees, as certified by the Federal Reserve Board of New York, which was US $1= ₹67.51. However, the realized exchange rate in our IT Services business segment for the quarter ended June 30, 2016 was US$1= ₹67.89

2. Net Income refers to ‘Profit for the period attributable to equity holders of the Company’

3. Segment Profit refers to segment results. Effective April 1, 2016, the segment results is measured after including the amortization charge for acquired intangibles to the respective segments. Such costs were classified under reconciling items till the year ended March 31, 2016. Comparative information has been restated to give effect to the same.

4. Margins have been computed based on the change as listed in 3. above

The IT Services segment had a headcount of 173,863 as of June 30, 2016.

Wipro continued its momentum in winning Large Deals globally as described below:

A US-based Fortune 500 organization, specializing in food processing solutions, has awarded an IT infrastructure transformation and managed services contract to Wipro. The company will set up an IT service desk, and enable data center infrastructure consolidation, operations management, end user services and enterprise security management as part of the project. The engagement will enable the client to improve the agility of its IT organisation and drive efficiencies by standardizing global processes, improving asset utilization and accelerating innovation in IT.

Wipro was awarded an IT infrastructure services deal by a Europe-based global dairy co-operative. The project, which leverages Wipro’s LiVE Workspace solution, will provide End User Computing, Helpdesk and Security services for nearly 17,000 of the company’s users in over 30 countries. Wipro will enable the customer’s digital workspace journey, drive greater automation and compliance, and enhance user experience by providing secure, anywhere, anytime access to applications on devices of their choice.

A top 5 Australian bank has awarded a four-year application maintenance and support contract to Wipro. The company has been working with the bank to modernize their core banking platform and the new engagement will strengthen Wipro’s existing relationship with the customer.

Wipro has won a multi-year BPaaS engagement with a leading diversified financial services firm in the US for providing end-to-end mortgage origination services including platform and operations. The deal further strengthens Wipro’s leadership position in mortgage platform, process, operations and Quality Control solutions.

Wipro has won a multi-year engagement with a large US-based pharmaceutical company to design and implement customized end-to-end procure-to-pay services by reimagining their customers’ digital purchasing experience. Wipro will deploy Robotic Process Automation to reduce manual intervention, enable BOT assisted self-help functionalities for a superior user experience and leverage Wipro Holmes Artificial Intelligence Platform^TM to improve processes and facilitate rapid business-critical decision making.

Digital highlights

Wipro has been chosen by a large media company to transform its multi-channel experience. The program will improve the user experience for the company’s customers across set top boxes, web and mobile properties and enable new revenue opportunities for the media company.

Wipro has won an engagement with a leading global payments technology company to set-up an innovation lab which will develop new product-service experiences in global payments. Wipro will partner with the client’s innovation team to build a collaborative and scalable model for the lab. Once ready, the lab will draw on Wipro’s digital, design, data science and technology expertise.

A global pharmaceutical company has hired Wipro and Designit to establish a Digital Innovation Lab. This lab will identify opportunities in patient-centric digital health innovation and support the development of new product-service experiences.

Designit has been selected by a leading German car manufacturer to define their future retail concept. The project will focus on implementation and re-designing the digital customer journey and brand experience at select touch points.

We have had more than 10 cloud wins this quarter and a few of the notable ones are as follows:

A leading Australian broadband provider has selected Wipro to transform its customer service processes using a leading SaaS based solution. The company is in the process of transforming its service operations in line with its growth plans.

A North American commercial bank has selected Wipro to implement its loan origination processes using a leading SaaS solution. The solution will enable the bank to track a loan through its entire life cycle while ensuring regulatory compliance, reducing risk, increasing transparency and efficiency, and creating new revenue opportunities.

As part of a large complex IT Transformation program for a leading African Bank, Wipro has been chosen to deploy a cloud-based Human Capital Management solution.

Wipro has been chosen by a global healthcare major to create a single global Source-to-Pay platform to enable improved collaboration with its supplier community and an enhanced user experience. The solution is based on a SaaS based platform.

Wipro has been selected to develop a Collaborative Care platform by a global pharma company to enable patient segmentation, higher engagement & retention rates and optimize healthcare costs.

Delivery Excellence

Wipro has successfully completed a complex transformation program involving the Utilities stack from a leading enterprise software provider at NRGi Denmark. This helps NRGi realize its vision to provide Digital Utility as a Service for superior customer experience, readily deployable Customer Care and Billing (CC&B) & Meter Data Management (MDM) platforms implementation accelerators and digitization of customer communications.

Wipro developed a “Common Imaging Framework” for Olympus to optimize the time and effort spent on new product development activities. This led to 15-20% cost savings depending on the complexity of the new product and an overall reduction of 20% in R&D expenses for the client.

Wipro helped a leading telecom services provider in Asia to improve the performance of their Distribution Management System to meet the surge in demand for recharge vouchers. This enabled the client to increase revenue with reduced churn rate.

The transformation of POS systems across 1900 stores for a leading US Oil and Lubes client has yielded higher instore customer experience and potential revenue growth. Wipro has successfully brought a 15% reduction in the run costs by transitioning the ERP/POS system to cloud.

Awards and accolades

Wipro received the Citi Lean Partner award for 2015, in recognition of its high levels of service and performance. The Lean Partner Award recognizes a supplier that has supported Citi in the execution of its re-engineering objectives and supported its effort to drive client-centric process redesign throughout the company – improving the way Citi operates. The award also recognizes the supplier who has most embodied the spirit of Lean, a continuous improvement program with tangible and measurable benefits as it relates to purpose (rapid and consistent turnaround time for services delivered), quality, efficiency, controls and overall customer experience.

Wipro was recognized with the Best Global Healthcare and Life Sciences IT Consultancy & Outsourcing Company Award 2016 at Global Health and Pharma’s 2016 International Life Sciences Awards. The company was also awarded the Product Innovation Award for the Wipro 360 Digital Patient Centricity Suite.

Wipro is positioned as a “Leader” in Everest Group’s 2016 PEAK Matrix™ for Independent Testing Services for the second consecutive year. Everest Group has lauded Wipro for its comprehensive portfolio in Testing Services (consulting, applications and infrastructure) across verticals, technologies and geographies and called out proprietary solutions like Wipro Intelligent Quality tools, Digital Assurance Platform, QA analytics and Managed QA framework.

Wipro is positioned as a “Leader and Star Performer” in Everest Group’s 2016 PEAK Matrix™ for Workplace Services. Everest Group has commended Wipro on key offerings and tools including Wipro Holmes Artificial Intelligence Platform^TM, LiVE Workspace and Virtuadesk and Wipro’s strong deal traction in Europe cutting across multiple industries.

Wipro is recognized as a “Star Performer and Leader” in the Everest Group Banking BPO PEAK Matrix. Everest Group says that Wipro capitalizes on its wide bouquet of technology capabilities, including its Wipro Holmes Artificial Intelligence Platform^TM to deliver strong growth rate and remarkable market success.

Wipro featured in the “Winner’s Circle” by HfS Research in its 2016 Blueprint report on Telecom Operations As-a-Service. The report acknowledges Wipro’s progress towards As-a-Service with design thinking, intelligent automation, data analytics and collaborative pricing models.

Acquisitions

Previously, Wipro had announced, on December 23, 2015, the signing of a definitive agreement to acquire Viteos Group. However, due to inordinate delays in completion of closing conditions that exceeded the target closing date and expiration date under the terms of the agreement, both parties have decided not to proceed ahead with the acquisition.

Changes to the Board of Directors

Dr Jagdish N Sheth retires from the Board with effect from July 18, 2016 on completion of his term. The Board places on record its sincere appreciation for the valuable contributions made by Dr Jagdish N Sheth as Board member and as a member of the Strategy Committee.

Mr Vyomesh Joshi, Director resigns from the Board with effect from close of business hours of July 19, 2016, due to his other commitments. The Board places on record its sincere appreciation for the valuable contributions made by Mr Vyomesh Joshi as Board member and as a member of the Strategy Committee.

Auditor Announcement

As per the provisions of Section 139 of the Companies Act, 2013 and the Rules thereunder, Audit Committee has proposed and the Board of Directors of the Company have recommended the appointment of Deloitte Haskins & Sells LLP as statutory auditors of the Company for a term of five years, subject to the approval of shareholders of the Company, for the audit of financial statements, with effect from the Financial Year 2017-18.

About Deloitte Haskins & Sells LLP : Deloitte Haskins & Sells was constituted on October 11, 1997. On November 20, 2013, Deloitte Haskins & Sells was converted to Deloitte Haskins & Sells LLP (the “Firm”) which is incorporated under the Limited Liability Partnership Act 2008. The Firm is registered with the Institute of Chartered Accountants of India (Registration No. 117366W/W-100018). The Firm has 136 Partners as on April 1, 2016.

IT Products

• Revenue for the quarter ended June 30, 2016 was ₹5.9 billion ($88 million¹).

Please refer the table on page 8 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Non-GAAP financial measures

This press release contains non-GAAP financial measures within the meaning of Regulation G and Item 10(e) of Regulation S-K. Such non-GAAP financial measures are measures of our historical or future performance, financial position or cash flows that are adjusted to exclude or include amounts that are excluded or included, as the case may be, from the most directly comparable financial measure calculated and presented in accordance with IFRS.

The table on page 8 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period.    We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance.

This non-GAAP financial measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS, and may be different from non-GAAP measures used by other companies. In addition to this non-GAAP measure, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the quarter ended June 30, 2016, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com

Quarterly Conference Call

We will hold an earnings conference call today at 07:15 p.m. Indian Standard Time (09:45 a.m. US Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a web-cast and can be accessed at this link- http://services.choruscall.eu/links/wipro160719.html An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com.

About Wipro Limited (NYSE: WIT)

Wipro Limited (NYSE: WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360-degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com

Contact for Investor Relations		Contact for Media & Press
Pavan N Rao	Abhishek Kumar Jain	Vipin Nair
Phone: +91-80-4672 6143	Phone: +1 978 826 4700	Phone: +91- 4672 6450
pavan.rao@wipro.com	abhishekkumar.jain@wipro.com	vipin.nair1@wipro.com

Forward-looking statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

# # #

(Tables to follow)

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

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

	As of March 31,		As of June 30,
	2016		2016		2016
					Convenience translation into US dollar in millions (unaudited) - Refer footnote 1 on Page 1
ASSETS
Goodwill		101,991		103,491		1,533
Intangible assets		15,841		15,354		227
Property, plant and equipment		64,952		66,110		979
Derivative assets		260		212		3
Investments		4,907		4,985		74
Non-current tax assets		11,751		11,938		177
Deferred tax assets		4,286		4,125		61
Other non-current assets		15,828		16,166		239
Total non-current assets		219,816		222,381		3,293
Inventories		5,390		6,454		96
Trade receivables		100,976		102,072		1,512
Other current assets		32,894		34,607		513
Unbilled revenues		48,273		52,251		774
Investments		204,244		197,671		2,928
Current tax assets		7,812		8,292		123
Derivative assets		5,549		4,947		73
Cash and cash equivalents		99,049		124,435		1,843
Total current assets		504,187		530,729		7,862
TOTAL ASSETS		724,003		753,110		11,155
EQUITY
Share capital		4,941		4,941		73
Share premium		14,642		14,642		217
Retained earnings		425,106		445,732		6,601
Share based payment reserve		2,229		2,557		38
Other components of equity		18,242		21,436		318
Equity attributable to the equity holders of the Company		465,160		489,308		7,247
Non-controlling interest		2,224		2,318		34
Total equity		467,384		491,626		7,281
LIABILITIES
Long - term loans and borrowings		17,361		17,225		255
Deferred tax liabilities		5,108		4,869		72
Derivative liabilities		119		123		2
Non-current tax liabilities		8,231		7,842		116
Other non-current liabilities		7,225		7,032		104
Provisions		14		18		—
Total non-current liabilities		38,058		37,109		549
Loans, borrowings and bank overdrafts		107,860		111,441		1,651
Trade payables and accrued expenses		68,187		70,997		1,052
Unearned revenues		18,076		15,436		229
Current tax liabilities		7,015		9,932		147
Derivative liabilities		2,340		1,331		20
Other current liabilities		13,821		14,056		208
Provisions		1,262		1,182		18
Total current liabilities		218,561		224,375		3,325
TOTAL LIABILITIES		256,619		261,484		3,874
TOTAL EQUITY AND LIABILITIES		724,003		753,110		11,155

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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

	Three Months ended June 30,
	2015			2016			2016
							Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1
Gross revenues		122,376			135,992			2,014
Cost of revenues		(84,787	)		(96,389	)		(1,428	)
Gross profit		37,589			39,603			586
Selling and marketing expenses		(8,044	)		(10,141	)		(150	)
General and administrative expenses		(6,893	)		(7,599	)		(113	)
Foreign exchange gains/(losses), net		1,330			984			15
Results from operating activities		23,982			22,847			338
Finance expenses		(1,286	)		(1,336	)		(20	)
Finance and other income		5,335			5,200			77
Profit before tax		28,031			26,711			395
Income tax expense		(5,958	)		(6,122	)		(91	)
Profit for the period		22,073			20,589			304
Attributable to:
Equity holders of the company		21,917			20,518			303
Non-controlling interest		156			71			1
Profit for the period		22,073			20,589			304
Earnings per equity share:
Attributable to equity share holders of the company
Basic		8.92			8.35			0.12
Diluted		8.91			8.33			0.12
Weighted average number of equity shares used in computing earnings per equity share
Basic		2,455,804,709			2,457,363,886			2,457,363,886
Diluted		2,460,584,039			2,463,397,368			2,463,397,368
Additional Information
Segment Revenue
IT Services Business Units
BFSI		31,020			33,630			498
HLS		12,988			19,931			295
CBU		18,700			20,725			307
ENU		17,577			17,356			257
MNT		26,963			29,538			438
COMM		8,525			9,912			147
IT SERVICES TOTAL		115,773			131,092			1,942
IT PRODUCTS		8,174			5,930			88
RECONCILING ITEMS		(241	)		(46	)		(1	)
TOTAL		123,706			136,976			2,029
Segment Result
IT Services Business Units
BFSI		6,947			6,994			103
HLS		2,754			2,856			42
RCTG		3,082			3,775			56
ENU		3,587			3,025			45
MFG		5,833			5,954			88
GMT		1,248			1,502			22
OTHERS					—			—
UNALLOCATED		530			(837	)		(12	)
TOTAL IT SERVICES		23,981			23,269			344
IT PRODUCTS		103			(368	)		(5	)
RECONCILING ITEMS		(102	)		(54	)		(1	)
TOTAL		23,982			22,847			338
FINANCE EXPENSE		(1,286	)		(1,336	)		(20	)
FINANCE AND OTHER INCOME		5,335			5,200			77
PROFIT BEFORE TAX		28,031			26,711			395
INCOME TAX EXPENSE		(5,958	)		(6,122	)		(91	)
PROFIT FOR THE PERIOD		22,073			20,589			304

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.    

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

The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. Effective April 1, 2016, we realigned our industry verticals. The Communication Service Provider business unit was regrouped from the former GMT industry vertical into a new industry vertical named “Communications”. The Media business unit from the former GMT industry vertical has been realigned with the former RCTG industry vertical which has been renamed as “Consumer Business Unit” industry vertical. Further, the Network Equipment Provider business unit of the former GMT industry vertical has been realigned with the Manufacturing industry vertical to form the “Manufacturing and Technology” industry vertical.The revised industry verticals are as follows: Finance Solutions (BFSI), Healthcare, Lifesciences & Services (HLS), Consumer (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing & Technology (MNT), Communications (COMM). IT Services segment 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.In the IT Products segment, 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 products, software licenses and other related deliverables.    

Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN)

Three Months ended June 30, 2016
IT Services Revenue as per IFRS	$	1,930.8		IT Services Revenue as per IFRS	$	1,930.8
Effect of Foreign currency exchange movement	$	(10.9	)	Effect of Foreign currency exchange movement	$	34.2
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	1,919.9		Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	1,965

EX-99.2

Exhibit 99.2

Performance for Quarter ended June 30, 2016 Jatin Dalal Senior Vice President and Chief Financial Officer July 19, 2016

Financial Summary for the Quarter Ended June 30, 2016 (IFRS) Wipro Limited Q1 17 (Rs crores) YoY Growth Revenues 13,599 11% Results from Operating Activities (EBIT) 2,285 -5% Gross Cash is the sum of (i) cash and cash equivalents plus (ii) Investments – Current. For detailed reconciliations, please refer slide 10 in appendix 1 crores=10 million Revenue of the Company grew 11% YoY in the quarter. IT Services Segment Revenue was Rs 13,109 crore, an increase of 13% YoY Gross Cash position was Rs. 32,211 crores or $ 4.77 Billion

Highlights for the quarter Net Headcount addition of 951 in the quarter. Headcount now stands at 173,863. For reconciliation of non-GAAP constant currency IT Services USD revenues please refer to slide 10 Segment Profit refers to Segment Results 1 crores= 10 million IT Services Segment Margins was 17.8%, after considering the impact of salary increase and the effect of consolidation of our acquired entities for the full quarter. Non-GAAP constant currency IT Services Segment USD Revenue grew 2.0% QoQ and grew 9.5% YoY. Customer Bucket of “>$75 Mn accounts” has increased by 1 and “>$10 Mn accounts” has increased by 10 Gross Utilization has increased by 176 bps to 69.9%.

IT Services - Revenue Dynamics for Quarter Ended June 30, 2016 Healthcare, Life Sciences & Services grew 46.6% on a constant currency YoY basis Communications grew 14.6% on a constant currency YoY basis Finance Solutions grew 5.5% on a constant currency YoY basis Vertical Europe grew 10.2% on a constant currency YoY basis Americas grew 10.1% on a constant currency YoY basis India and Middle East grew 8.7% on a constant currency YoY basis Geographies Business Process Service grew 48.7% on a YoY reported basis Analytics grew 7.1% on a YoY reported basis Global Infrastructure Services grew 7.0% on a YoY reported basis Business units Service Lines The growth percentages have been calculated based on USD revenues for the Business Unit/ Service line/ Geography

Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.46, Euro/USD at 1.13, AUD/USD at 0.74, USD/INR at 67.12 and USD/CAD at 1.29 Looking ahead for the quarter ending September 30, 2016 We expect the Revenue from our IT Services business to be in the range of $ 1,931 million to $ 1,950 million* Jan Feb Apr May Jun Jul Aug Sep Oct Nov Dec 2016-17 Mar

Supplemental Data Key Operating Metrics of IT Services

Key Operating Metrics in IT Services for the Quarter ended June 30, 2016 Particulars Particulars Q1’17 Q4’16 Q1’16 Revenue Composition Communications 7.6% 7.7% 7.4% Finance Solutions 25.6% 25.4% 26.8% Manufacturing & Technology 22.5% 23.2% 23.2% Healthcare, Life Sciences & Services 15.3% 13.3% 11.2% Consumer 15.8% 16.4% 16.2% Energy, Natural Resources & Utilities 13.2% 14.0% 15.2% Geography Composition Americas 53.5% 52.5% 52.5% Europe 25.4% 25.6% 25.6% India & Middle East Business 10.4% 11.0% 10.6% APAC & Other Emerging Markets 10.7% 10.9% 11.3% People related Headcount 173,863 172,912 161,789

Thank You Jatin.Dalal@wipro.com Jatin Dalal Senior Vice President & Chief Financial Officer

Appendix

Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores)   As of   June 30, 2016 Computation of Gross cash position   Cash and cash equivalents 12,444 Investments - Current 19,767 Total 32,211 WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores)   Three months ended   June 30, 2016 Profit for the period [A] 2,052     Computation of Free cash flow   Net cash generated from operating activities 1,444 Add/(deduct) cash inflow/(outflow) on :       Purchase of Property,plant and equipment (468) Proceeds from sale of Property,plant and equipment 4 Free cash flow attributable to equity holders of the company [B] 980 Free cash flow as a percentage of Net income [B/A] 48%     Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended June 30, 2016 Three months ended June 30, 2016 IT Services Revenue as per IFRS $1,930.8 IT Services Revenue as per IFRS $1,930.8 Effect of Foreign currency exchange movement $ (10.9) Effect of Foreign currency exchange movement $ 34.2 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,919.9   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,965.0 Reconciliation of Free Cash Flow Reconciliation of Non-GAAP constant currency Revenue 1 crores=10 million

EX-99.3

Exhibit 99.3

NGALPU BusinessLinc WDNSUAY JULY 20•2016 CIN: L32102KA1945PLC020800 Registered Office:

Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560 035, India

Website: www.wipro.com

Email id: info@wipro.com

Tel: +91-80-2844 0011

Fax: +91-80-2844 0054

Extract of audited financial results of Wipro Limited and its Subsidiaries for the Quarter ended June 30, 2016

11 Net Profit under Previous GAAP attributable to Equity holders of the Company

Non-controlling interest

Net profit under Previous GAAP

Place: Bangalore Date: July 19, 2016

By Order of the Board,

For Wipro Ltd.

Azim H Premji

Chairman & Managing Director

(302)

846 (36) (40)

83

(133)

13 22,074 21,918 156 Wipro Limited

Regd. Office: Doddakanneli,

Sarjapur Road, Bangalore- 560035 www.wipro.com

Consolidated Audited Financial Results of Wipro Limited under IFRS

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

W1PRO

Applying Thought

Particulars

Quarter ended

June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

Total income from operations (net)

136,976

516,307

123,706

Net Profit / (Loss) before tax, exceptional and extraordinary items

26,711

114,933

28,031

Net Profit / (Loss) before tax but after exceptional and extraordinary items

26,711

114,933

28,031

Net Profit / (Loss) after tax, exceptional and extraordinary items

20,589

89,567

22,073

Total Comprehensive Income after tax

23,806

92,472

21,063

Equity Share Capital

4,941

4,941

4,938

Reserves excluding Revaluation Reserve

484,367

460,219

423,631

Earnings Per Share (after

extraordinary items) (of 2/- each)

Basic:

Diluted:

8.35

8.33

36.26

36.19

8.92

8.91

Effect of transition to md AS

Impact of retrospective application of md AS 103

Employee benefits

Share based compensation expense

Expected credit loss provisions

Fair valuation of investments

Tax impact on above, net

Others

Profit for the period under md AS attributable to Equity holders of the Company

Non-controlling interest

Audited Standalone Financial Results of Wipro Limited under md AS

The audited consolidated interim financial results of the Company for the quarter ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Financial Results of Wipro Limited under md AS

The condensed interim financial results are prepared in accordance with Indian Accounting Standards (md AS), the provisions of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The md AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

Upto the year ended March31, 2016, the Company prepared its financial results in accordance with the requirements of the Previous OAAP (i.e. Indian QAAP), which included Standards notified under the Companies (Accounting Standards) Rules, 2006. These are the Company’s first Ind AS financial results. The date of transition to Ind AS is April 1, 2015.

Audited Consolidated Financial results under md AS

Quarter ended June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

operations (net) 115,875

446,808

107,754

tax, exceptional and 25,951

105,942

26,418

tax but after 25,951

extraordinary items

105,942

26,418

tax, exceptional and 20,077

82,005

20,630

Income after tax 21,744

79,144

18,017

4,941

4,941

4,938

Revaluation Reserve 429,496

407,316

379,969

extraordinary items)

8.17

8.15

33.38

33.31

8.40

8.38

The audited interim financial results of the Company for the quarter and year ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliations between Previous GAAP and hid AS

(i) Equity reconciliations

Quarter ended June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

operations (net) 136,976

516,307

123,706

before tax, 26,711

extraordinary items

114,937

28,032

before taxbut after 26,711

extraordinary items

114,937

28,032

after tax, 20,590

extraordinary items

89,571

22,074

Income after tax 23,736

92,268

21,000

4,941

4,941

4,938

Revaluation 480,573

456,495

420,037

(after extraordinary

8.35

8.33

36.26

36.19

8.92

8.91

The audited consolidated interim financial results (under Ind AS) of the Company for the quarter ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliations between Previous GAAP and Ind AS

i) Reconciliation of equity:

Asat

Mar 31’20l6

Asat Asat

June 30’2015 April l’2015

As reported under Previous GAAP

409,052

364,152 346,216

Effect of transition to mnd AS

Proposed Dividend (md Dividend distribution tax)

2,974

20,739 20,739

mmpact on adoption of Ind AS 109

Expected credit loss recognized

(1,347)

(1,226) (1,186)

Change in fair valuation of investments

2,135

1,344 1,338

Intangible amortization

(368)

(319) (302)

Tax impact

(337)

2 (475)

Others

148

215 55

Equity as per md AS

412,257

384,907 366,385

(ii) Net Profit

Three months ended June 30, 2015

Net Profit under Previous GAAP

19,982

mnd AS Adjustments

846

Employee benefits

Stock Compensation

(36)

Depreciation, amortization and impairment change

(16)

Change in fair valuation of investments

83

Expected credit loss recognized

(40)

Tax impact

(50)

Others

(39)

Net Profit under md AS

20,630

Asat

March 31, 2016

Asat Asat

June 30, 2015 April 1, 2015

Equity under Previous GAAP attributable to

Equity holders of the Company

446,886

391,532 370,902

Non-controlling interest

2,224

1,827 1,646

Total equity under Previous (JAAP

449,110

393,359 372,566

Effect of transition to mnd AS

Impact of application of Ind AS 103 to past

9,930

11,347 11,253

business combinations

Fair valuation of investments

2,135

1,344 1,338

Impairment for expected credit loss

(1,404)

(1,283) (1,243)

Dividend and tax on dividend

2,959

20,656 20,656

Incremental deferred tax recognized, net

543

994 454

Others

387

385 260

Equity under mnd AS

463,660

426,802 405,284

Attributable to

Equity holders of the Company

461,436

424,975 403,638

Non-controlling interest

2,224

1,827 1,646

is) Reconciliation of Net Profit:

Three months ended June 30, 2015

Note:

The above is an extract of the detailed lbrmat of Quarterly Financial Results ified with the Stock Exchanges under

Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The thil format of the

Quarterly Financial Results are available on the Bombay Sto& Exchange website (URL www.bseindia.com/corporates),

the National Stock Exchange website (URL: www.nseindia.com/coroorates) and on the Company’s website

( URL: www.wioro.com).

en

0

.1

21,331

312

21,643

BG-X

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE MONTHS ENDED JUNE 30, 2016

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	2016		2016		2016
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill	5		101,991		103,491		1,533
Intangible assets	5		15,841		15,354		227
Property, plant and equipment	4		64,952		66,110		979
Derivative assets	13,14		260		212		3
Investments	7		4,907		4,985		74
Non-current tax assets			11,751		11,938		177
Deferred tax assets			4,286		4,125		61
Other non-current assets	10		15,828		16,166		239
Total non-current assets			219,816		222,381		3,293
Inventories	8		5,390		6,454		96
Trade receivables			100,976		102,072		1,512
Other current assets	10		32,894		34,607		513
Unbilled revenues			48,273		52,251		774
Investments	7		204,244		197,671		2,928
Current tax assets			7,812		8,292		123
Derivative assets	13,14		5,549		4,947		73
Cash and cash equivalents	9		99,049		124,435		1,843
Total current assets			504,187		530,729		7,862
TOTAL ASSETS			724,003		753,110		11,155
EQUITY
Share capital			4,941		4,941		73
Share premium			14,642		14,642		217
Retained earnings			425,106		445,732		6,601
Share based payment reserve			2,229		2,557		38
Other components of equity			18,242		21,436		318
Equity attributable to the equity holders of the Company			465,160		489,308		7,247
Non-controlling interest			2,224		2,318		34
Total equity			467,384		491,626		7,281
LIABILITIES
Long - term loans and borrowings	11		17,361		17,225		255
Deferred tax liabilities			5,108		4,869		72
Derivative liabilities	13,14		119		123		2
Non-current tax liabilities			8,231		7,842		116
Other non-current liabilities	12		7,225		7,032		104
Provisions	12		14		18		—
Total non-current liabilities			38,058		37,109		549
Loans, borrowings and bank overdrafts	11		107,860		111,441		1,651
Trade payables and accrued expenses			68,187		70,997		1,052
Unearned revenues			18,076		15,436		229
Current tax liabilities			7,015		9,932		147
Derivative liabilities	13,14		2,340		1,331		20
Other current liabilities	12		13,821		14,056		208
Provisions	12		1,262		1,182		18
Total current liabilities			218,561		224,375		3,325
TOTAL LIABILITIES			256,619		261,484		3,874
TOTAL EQUITY AND LIABILITIES			724,003		753,110		11,155

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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W - 100022	Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Akeel Master	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner Membership No. 046768	Chief Financial Officer	Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

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		2015			2016			2016
									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues		17		122,376			135,992			2,014
Cost of revenues		18		(84,787	)		(96,389	)		(1,428	)
Gross profit				37,589			39,603			586
Selling and marketing expenses		18		(8,044	)		(10,141	)		(150	)
General and administrative expenses		18		(6.893	)		(7,599	)		(113	)
Foreign exchange gains/(losses), net				1,330			984			15
Results from operating activities				23,982			22,847			338
Finance expenses		19		(1,286	)		(1,336	)		(20	)
Finance and other income		20		5,335			5,200			77
Profit before tax				28,031			26,711			395
Income tax expense		16		(5,958	)		(6,122	)		(91	)
Profit for the period/year				22,073			20,589			304
Attributable to:
Equity holders of the Company				21,917			20,518			303
Non-controlling interest				156			71			1
Profit for the period/ year				22,073			20,589			304
Earnings per equity share:		21
Attributable to equity share holders of the Company
Basic				8.92			8.35			0.12
Diluted				8.91			8.33			0.12
Weighted average number of equity shares used in computing earnings per equity share
Basic				2,455,804,709			2,457,363,886			2,457,363,886
Diluted				2,460,584,039			2,463,397,368			2,463,397,368

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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Akeel Master	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner Membership No. 046768	Chief Financial Officer	Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

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	2015			2016		2016
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period			22,073			20,589		305
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)			(660	)		72		1
Items that may be reclassified subsequently to profit or loss			(660	)		72		1
Foreign currency translation differences	15		1,603			1,550		23
Net change in fair value of cash flow hedges	13,16		(1,999	)		970		14
Net change in fair value of financial instruments through OCI	7,16		46			625		9
			(350	)		3,145		46
Total other comprehensive income, net of taxes			(1,010	)		3,217		47
Total comprehensive income for the period			21,063			23,806		352
Attributable to:
Equity holders of the Company			20,882			23,712		351
Non-controlling interest			181			94		1
			21,063			23,806		352

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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W - 100022	Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Akeel Master	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner Membership No. 046768	Chief Financial Officer	Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

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 attributable to the equity holders of the Company
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					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
Adjustment on adoption of IFRS 9 (net of tax)		—		—		—		(782	)		—			—		—			(31	)		—		(813	)		—		(813	)
Adjusted balances as at April 1, 2015		2,469,043,038		4,937		14,031		371,466			1,312			11,249		3,550			624			—		407,169			1,646		408,815
Total comprehensive income for the period
Adjusted profit for the period		—		—		—		21,917			—			—		—			—			—		21,917			156		22,073
Adjusted other comprehensive income		—		—		—		—			—			1,578		(1,999	)		(614	)		—		(1,035	)		25		(1,010	)
Total restated comprehensive income for the period		—		—		—		21,917			—			1,578		(1,999	)		(614	)		—		20,882			181		21,063
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
Restated balances as at June 30, 2015		2,469,300,801		4,938		14,120		393,435			1,688			12,827		1,551			10			—		428,569			1,827		430,396
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				78		222		6,187			27			202		24			—			—		6,741			29		6,770

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									Equity attributable to the equity holders of the Company
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					Non-controlling interest		Total equity
As at April 1, 2016		2,470,713,290		4,941		14,642		425,735			2,229			16,116		1,910		505			—		466,078			2,224		468,302
Adjustment on adoption of IFRS 9 (net of tax)								(629	)									(289	)				(918	)		—		(918	)
Adjusted balances as at April 1, 2016		2,470,713,290		4,941		14,642		425,106			2,229			16,116		1,910		216			—		465,160			2,224		467,384
Total comprehensive income for the period
Profit for the period		—		—		—		20,518			—			—		—		—			—		20,518			71		20,589
Other comprehensive income		—		—		—		—			—			1,527		970		697			—		3,194			23		3,217
Total comprehensive income for the period		—		—		—		20,518			—			1,527		970		697			—		23,712			94		23,806
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		—		—		—		108			(108	)		—		—		—			—		—			—		—
Dividends		—		—		—		—			—			—		—		—			—		—			—		—
Compensation cost related to employee share based payment transactions		—		—		—		—			436			—		—		—			—		436			—		436
		—		—		—		108			328			—		—		—			—		436			—		436
As at June 30.2016		2,470,713,290		4,941		14,642		445,732			2,557			17,643		2,880		913			—		489,308			2,318		491,626
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				73		217		6,601			38			261		43		14			—		7,247			34		7,281

* Includes 14,829,824 and 14,535,675 treasury shares as of March 31, 2016 and June 30, 2016, 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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W - 100022	Chairman & Managing Director	Director	Chief Executive & Executive Director
Akeel Master	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner Membership No. 046768	Chief Financial Officer	Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

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,
	2015			2016			2016
							Translation into USS in millions (Unaudited) Refer note 2(iv)
Cash flows from operating activities:
Profit for the period		22,073			20,589			306
Adjustments:
Loss/(gain) on sale of property, plant and equipment and intangible assets, net		(1	)		177			3
Depreciation and amortization		3,367			4,665			69
Exchange loss, net		703			(1,450	)		(21	)
Gain on sale of investments, net		(413	)		(368	)		(5	)
Share based compensation expense		482			425			6
Income tax expense		5,958			6,122			91
Dividend and interest (income)/expenses, net		(4,606	)		(4,420	)		(65	)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(169	)		(761	)		(11	)
Unbilled revenue		(3,921	)		(3,789	)		(56	)
Inventories		113			(1,064	)		(16	)
Other assets		(1,115	)		(1,452	)		(22	)
Trade payables, accrued expenses and other liabilities and provision		5,092			2,907			43
Unearned revenue		280			(2,724	)		(40	)
Cash generated from operating activities before taxes		27,843			18,857			282
Income taxes paid, net		(5,848	)		(4,421	)		(65	)
Net cash generated from operating activities		21,995			14,436			217
Cash flows from investing activities:
Purchase of property, plant and equipment		(3,401	)		(4,683	)		(69	)
Proceeds from sale of property, plant and equipment		95			48			1
Purchase of investments		(232,400	)		(165,023	)		(2,444	)
Proceeds from sale of investments		181,019			174,665			2,587
Interest received		3,648			2,734			40
Dividend received		26			24			—
Net cash (used in)/generated from investing activities		(51,013	)		7,765			115
Cash flows from financing activities:
Proceeds from issuance of equity shares/shares pending allotment		1			—			—
Repayment of loans and borrowings		(28,979	)		(30,619	)		(454	)
Proceeds from loans and borrowings		30,912			31,861			472
Interest paid on loans and borrowings		(409	)		(424	)		(6	)
Net cash generated from financing activities		1,525			818			12
Net increase/(decrease) in cash and cash equivalents during the period		(27,493	)		23,019			344
Effect of exchange rate changes on cash and cash equivalents		731			866			13
Cash and cash equivalents at the beginning of the period		158,713			98,392			1,457
Cash and cash equivalents at the end of the period (Note 9)		131,951			122,277			1,814

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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Akeel Master	Jatin Pravinchandra Dalai	M Sanaulla Khan
Partner Membership No. 046768	Chief Financial Officer	Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

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 19, 2016.

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, 2016. 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. Financial instruments classified as fair value through other comprehensive income or fair value through profit or loss;

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

d. Contingent consideration.

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 year ended June 30, 2016, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 67.51 (March 31, 2016: $ 1 = ₹ 66.25), as published by Federal Reserve Board of Governors on June 30, 2016. 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 condensed consolidated interim 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 is 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 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 combinations: 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) Expected credit losses on financial assets: On application of IFRS 9, the impairment provisions of financial assets are based on assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based on the Company’s past history, customer’s credit-worthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.

g) Measurement of fair value of non-marketable equity investments: These instruments 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.

h) Other estimates: The stock compensation expense is determined based on the Company’s estimate of equity instruments that will eventually vest.

3. Significant accounting policies

Please refer to the Company’s Annual Report for the year ended March 31, 2016 for a discussion of the Company’s other critical accounting policies.

The company has early adopted IFRS 9 effective April 1, 2016, with retrospective application, accordingly the policy for financial instruments as presented in the Company’s Annual Report is amended as under:

Financial instruments:

a) Non-derivative financial instruments:

Non derivative financial instruments consist of:

• financial assets, which include cash and cash equivalents, trade receivables, unbilled revenues, finance lease receivables, employee and other advances, investments in equity and debt securities and eligible current and non-current assets;

• financial liabilities, which include long and short-term loans and borrowings, bank overdrafts, trade payables, eligible current and non-current liabilities.

Non derivative financial instruments are recognized initially at fair value. Financial assets are derecognized when substantial risks and rewards of ownership of the financial asset have been transferred. In cases where substantial risks and rewards of ownership of the financial assets are neither transferred nor retained, financial assets are derecognized only when the Company has not retained control over the financial asset.

Subsequent to initial recognition, non-derivative financial instruments are measured as described below:

A. Cash and cash equivalents

The Company’s cash and cash equivalents consist of cash on hand and in banks and demand deposits with banks, which can be withdrawn at any time, without prior notice or penalty on the principal.

For the purposes of the cash flow statement, cash and cash equivalents include cash on hand, in banks and demand deposits with banks, net of outstanding bank overdrafts that are repayable on demand and are considered part of the Company’s cash management system. In the consolidated statement of financial position, bank overdrafts are presented under borrowings within current liabilities.

10

B. Investments

Financial instruments measured at amortised cost:

Debt instruments that meet the following criteria are measured at amortized cost (except for debt instruments that are designated at fair value through Profit or Loss (FVTPL) on initial recognition):

• the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows : and

• the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding.

Financial instruments measured at fair value through other comprehensive income (FVTOCI):

Debt instruments that meet the following criteria are measured at fair value through other comprehensive income (FVTOCI) (except for debt instruments that are designated at fair value through Profit or Loss (FVTPL) on initial recognition)

• the asset is held within a business model whose objective is achieved both by collecting contractual cash flows and selling financial asset; and

• the contractual terms of the instrument give rise on specified dates to cash flows that are solely payment of principal and interest on the principal amount outstanding.

Interest income is recognized in statement of income for FVTOCI debt instruments. Other changes in fair value of FVTOCI financial assets are recognized in other comprehensive income. When the investment is disposed of, the cumulative gain or loss previously accumulated in reserves is reclassified to statement of income.

Financial instruments measured at fair value through profit or loss (FVTPL):

Instruments that do not meet the amortised cost or FVTOCI criteria are measured at FVTPL. Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising on re-measurement recognized in statement of income. The gain or loss on disposal is recognized in statement of income.

Interest income is recognized in statement of income for FVTPL debt instruments. Dividend on financial assets at FVTPL is recognized when the Group’s right to receive dividend is established.

Investments in equity instruments designated to be classified as FVTOCI:

The Company carries certain equity instruments which are not held for trading. The Company has elected the FVTOCI irrevocable option for these instruments. Movements in fair value of these investments are recognized in other comprehensive income and the gain or loss is not reclassified to statement of income on disposal of these investments. Dividends from these investments are recognized in statement of income when the Company’s right to receive dividends is established.

C. Other financial assets:

Other financial assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are presented as current assets, except for those maturing later than 12 months after the reporting date which are presented as non-current assets. These are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less any impairment losses. These comprise trade receivables, unbilled revenues, cash and cash equivalents and other assets.

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D. Trade and other payables

Trade and other payables are initially recognized at fair value, and subsequently carried at amortized cost using the effective interest method. For these financial instruments, the carrying amounts approximate fair value due to the short term maturity of these instruments.

b) Derivative financial instruments

The Company is exposed to foreign currency fluctuations on foreign currency assets, liabilities, net investment in foreign operations and forecasted cash flows denominated in foreign currency.

The Company limits the effect of foreign exchange rate fluctuations by following established risk management policies including the use of derivatives. The Company enters into derivative financial instruments where the counterparty is primarily a bank.

Derivatives are recognized and measured at fair value. Attributable transaction costs are recognized in statement of income as cost.

Subsequent to initial recognition, derivative financial instruments are measured as described below:

A. Cash flow hedges

Changes in the fair value of the derivative hedging instrument designated as a cash flow hedge are recognized in other comprehensive income and held in cash flow hedging reserve, net of taxes, a component of equity, to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the statement of income and reported within foreign exchange gains/(losses), net within results from operating activities. If the hedging instrument no longer meets the criteria for hedge accounting, then hedge accounting is discontinued prospectively. If the hedging instrument expires or is sold, terminated or exercised, the cumulative gain or loss on the hedging instrument recognized in cash flow hedging reserve till the period the hedge was effective remains in cash flow hedging reserve until the forecasted transaction occurs. The cumulative gain or loss previously recognized in the cash flow hedging reserve is transferred to the statement of income upon the occurrence of the related forecasted transaction. If the forecasted transaction is no longer expected to occur, such cumulative balance is immediately recognized in the statement of income.

B. Hedges of net investment in foreign operations

The Company designates derivative financial instruments as hedges of net investments in foreign operations. The Company has also designated a foreign currency denominated borrowing as a hedge of net investment in foreign operations. Changes in the fair value of the derivative hedging instruments and gains/losses on translation or settlement of foreign currency denominated borrowings designated as a hedge of net investment in foreign operations are recognized in other comprehensive income and presented within equity in the FCTR to the extent that the hedge is effective. To the extent that the hedge is ineffective, changes in fair value are recognized in the statement of income and reported within foreign exchange gains/(losses), net within results from operating activities.

C. Others

Changes in fair value of foreign currency derivative instruments neither designated as cash flow hedges nor hedges of net investment in foreign operations are recognized in the statement of income and reported within foreign exchange gains, net within results from operating activities.

Changes in fair value and gains/(losses) on settlement of foreign currency derivative instruments relating to borrowings, which have not been designated as hedges are recorded in finance expense.

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, 2016. The Company has elected to early adopt IFRS 9, Financial Instruments effective April 1, 2016 with retrospective application.

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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.

Application of the new measurement and presentation requirements of IFRS 9 did not have a significant impact on equity. The Company continues to measure at fair value all financial assets earlier held at fair value. All existing hedge relationships that were earlier designated as effective hedging relationships continue to qualify for hedge accounting under IFRS 9. As IFRS 9 does not change the general principles of how an entity accounts for effective hedges, there is no significant impact as a result of applying IFRS 9. The effect of change in measurement of financial instruments on the Company’s financial position has been applied retrospectively. The retrospective application did not have a significant impact on the financial position as at March 31, 2015.

The total impact on the Company’s retained earnings due to classification and measurement of financial instruments is as follows:

	Effect on retained earnings			Effect on other reserves
Reported opening balance as at April 1, 2015	₹	372,248		₹	655
Impact on adoption of IFRS 9
Reclassification of investments from AFS to FVTPL (refer note a)		55			(55	)
Expected credit losses on financial assets (refer note d)		(1,243	)		—
Deferred tax impact on the above		406			24
Total impact on adoption of IFRS 9		(782	)		(31	)
Adjusted balance as at April 1, 2015	₹	371,466		₹	624
Reported balance as at March 31, 2016		425,735			505
Impact of adoption of IFRS 9 for the year ended March 31, 2016
Reclassification of investments from AFS to FVTPL (refer note a)		375			(375	)
Expected credit losses on financial assets (refer note d)		(161	)		—
Deferred tax impact on the above		(61	)		117
Adjustment on adoption of IFRS 9 for the year ended March 31, 2016		153			(258	)
Cumulative impact on adoption of IFRS 9 as at March 31, 2016		(629	)		(289	)
Adjusted balance as at March 31, 2016	₹	425,106		₹	216

(a) Reclassification of investments from available for sale (AFS) to FVTPL

Certain investments in liquid and short-term mutual funds and equity linked debentures were reclassified from available for sale to financial assets measured at FVTPL. Related fair value gains were transferred from other comprehensive income to retained earnings on April 1, 2015. During the year ended March 31, 2016, fair value gains related to these investments amounting to ₹ 258 was recognized in statement of income, net of related deferred tax expense of ₹ 117.

(b) Reclassification of investments from AFS to FVTOCI

The Company on initial application of IFRS 9 has made an irrevocable election to present in other comprehensive income subsequent changes in the fair value of equity investments not held for trading. Such investments and certificate of deposits were reclassified from available for sale to financial assets measured at fair value through other comprehensive income (FVTOCI). The fair value movements on these investments continue to be recorded through other comprehensive income. This reclassification did not have any impact on the carrying value of the said assets as at April 1, 2015.

13

(c) Reclassification of loans and deposits to financial instruments at amortised cost

Certain inter corporate and term deposits along with related interest accruals were reclassified from loans and receivables reported as part of other assets to financial assets measured at amortised cost. This reclassification did not have any impact on the carrying value of the said assets as at April 1, 2015.

(d) Impairment of financial assets

The Company has applied the simplified approach to providing for expected credit losses on trade receivables as described by IFRS 9, which requires the use of lifetime expected credit loss provision for all trade receivables. These provisions are based on assessment of risk of default and expected timing of collection. A cumulative impairment provision of ` 918 has been recorded as an adjustment to retained earnings as at April 1, 2015.

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVTOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

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, 2016, 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 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. In September 2015, the IASB issued an amendment to IFRS 15 deferring the adoption of standard to the period beginning on or after January 1, 2018. The Company is currently assessing the impact of adopting IFRS 15 on the Company’s Consolidated Financial Statements.

IFRS 16 - Leases

On January 13, 2016, the International Accounting Standards Board issued the final version of IFRS 16, Leases. IFRS 16 will replace the existing leases Standard, IAS 17 Leases, and related interpretations. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognise assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. The Standard also contains enhanced disclosure requirements for lessees. The effective date for adoption of IFRS 16 is annual periods beginning on or after January 1, 2019, though early adoption is permitted for companies applying IFRS 15 Revenue from Contracts with Customers. The Company is currently assessing the impact of adopting IFRS 16 on the Company’s Consolidated Financial Statements.

14

4. Property, plant and equipment

	Land		Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles			Total
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
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
Capital work-in-progress															₹	7,039
Net carrying value including Capital work-in-progress as at June 30, 2015															₹	55,738
Gross carrying value:
As at April 1, 2015	₹	3,685	₹	24,515		₹	79,594		₹	12,698		₹	830		₹	121,322
Translation adjustment		10		209			1,720			79			(1	)		2,017
Additions		—		1,799			15,424			1,791			62			19,076
Additions through business combination		—		105			4,462			162			34			4,763
Disposal / adjustments		—		(539	)		(1,620	)		(615	)		(336	)		(3,110	)
As at March 31, 2016	₹	3,695	₹	26,089		₹	99,580		₹	14,115		₹	589		₹	144,068
Accumulated depreciation/impairment:
As at April 1, 2015	₹	—	₹	4,513		₹	56,629		₹	10,636		₹	809		₹	72,587
Translation adjustment		—		73			1,113			80			—			1,266
Depreciation		—		861			11,381			1,094			19			13,355
Disposal / adjustments		—		(103	)		(962	)		(492	)		(324	)		(1,881	)
As at March 31, 2016	₹	—	₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Capital work-in-progress															₹	6,211
Net carrying value including Capital work-in-progress as at March 31, 2016															₹	64,952
Gross carrying value:
As at April 1, 2016	₹	3,695	₹	26,089		₹	99,580		₹	14,115		₹	589		₹	144,068
Translation adjustment		3		61			691			44			8			807
Additions		—		351			3,765			334			2			4,452
Disposal / adjustments		—		—			(1,889	)		(54	)		(11	)		(1,954	)
As at June 30, 2016	₹	3,698	₹	26,501		₹	102,147		₹	14,439		₹	588		₹	147,373
Accumulated depreciation/impairment:
As at April 1, 2016	₹	—	₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Translation adjustment		—		26			385			34			3			448
Depreciation		—		250			3,478			261			6			3,995
Disposal / adjustments		—		—			(1,680	)		(41	)		(8	)		(1,729	)
As at June 30, 2016	₹	—	₹	5,620		₹	70,344		₹	11,572		₹	505		₹	88,041
Capital work-in-progress															₹	6,778
Net carrying value including Capital work-in-progress as at June 30, 2016															₹	66,110

^*  Including computer equipment and software.

5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2016		Three months ended June 30, 2016
Balance at the beginning of the period	₹	68,078	₹	101,991
Translation adjustment		3,421		1,405
Acquisition through business combination, net/adjustements		30,492		95
Balance at the end of the period	₹	101,991	₹	103,491

15

	Intangible assets
	Customer related			Marketing related		Total
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
Gross carrying value:
As at April 1, 2015	₹	10,617		₹	905	₹	11,522
Translation adjustment		292			120		412
Disposal/ adjustment		—			189		189
Acquisition through business combination		7,451			1,373		8,824
As at March 31, 2016	₹	18,360		₹	2,587	₹	20,947
Accumulated amortization and impairment:
As at April 1, 2015	₹	2,936		₹	655	₹	3,591
Translation adjustment		—			70		70
Disposal/ adjustment		1,228			217		1,445
Amortization and impairment	₹	4,164		₹	942	₹	5,106
As at March 31, 2016
Net carrying value as at March 31, 2016	₹	14,196		₹	1,645	₹	15,841
Gross carrying value:
As at April 1, 2016	₹	18,360		₹	2,587	₹	20,947
Acquisition through business combination, net/adjustements		(62	)		—		(62	)
Translation adjustment		219			1		220
As at June 30, 2016	₹	18,517		₹	2,588	₹	21,105
Accumulated amortization and impairment:
As at April 1, 2016	₹	4,164		₹	942	₹	5,106
Translation adjustment		—			1		1
Amortization		535			109		644
As at June 30, 2016	₹	4,699		₹	1,052	₹	5,751
Net carrying value as at June 30, 2016	₹	13,818		₹	1,536	₹	15,354

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

6. Business combination

Designit AS

On August 6, 2015, the Company obtained control of Designit AS (“Designit”) by acquiring 100% of its share capital. Designit is a Denmark based global strategic design firm specializing in designing transformative product-service experiences. The acquisition will strengthen the Company’s digital offerings, combining engineering and transformative technology with human centered-design methods.

16

The acquisition was executed through a share purchase agreement for a consideration of ₹ 6,540 (EUR 93 million) which includes a deferred earn-out component of ₹ 2,092 (EUR 30 million), which is linked to achievement of revenues and earnings over a period of 3 years ending June 30, 2018. The fair value of the earn-out liability was estimated by applying the discounted cash flow approach considering discount rate of 13% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at ₹ 1,287 million and recorded as part of preliminary purchase price allocation.

The following table presents the allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	586	₹	—		₹	586
Customer related intangibles		—		597			597
Brand		—		638			638
Non-compete agreement		—		103			103
Deferred tax liabilities on intangible assets		—		(290	)		(290	)
Total	₹	586	₹	1,048			1,634
Goodwill							4,046
Total purchase price						₹	5,680

Net assets acquired include ₹ 359 of cash and cash equivalents and trade receivables valued at ₹ 392.

The goodwill of ₹ 4,046 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

During the year ended March 31, 2016, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition.

Cellent AG

On January 5, 2016, the Company obtained control of Cellent AG (“Cellent”) by acquiring 100% of its share capital. Cellent is an IT consulting and software services company offering IT solutions and services to customers in Germany, Switzerland and Austria. This acquisition is expected to provide Wipro with scale and customer relationships, in the Manufacturing and Automotive domains in Germany, Switzerland and Austria region.

The acquisition was executed through a share purchase agreement for a consideration of ₹ 5,800 (EUR 80.4 million).

The following table presents the provisional allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	852	₹	—		₹	852
Customer related intangibles		—		1,001			1,001
Brand		—		317			317
Deferred tax liabilities on intangible assets		—		(391	)		(391	)
Total	₹	852	₹	927			1,779
Goodwill							4,021
Total purchase price						₹	5,800

Net assets acquired include ₹ 367 of cash and cash equivalents and trade receivables valued at ₹ 1,389.

The goodwill of ₹ 4,021 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

17

The purchase consideration has been allocated on a provisional basis based on management’s estimates. The Company is in the process of making a final determination of the fair value of assets and liabilities. Finalization of the purchase price allocation may result in certain adjustments to the above allocation.

Healthplan Services

On February 29, 2016, the Company obtained full control of HPH Holdings Corp. (“Healthplan Services”). HealthPlan Services offers market-leading technology platforms and a fully integrated Business Process as a Service (BPaaS) solution to Health Insurance companies (Payers) in the individual, group and ancillary markets. HealthPlan Services provides U.S. Payers with a diversified portfolio of health insurance products delivered through its proprietary technology platform.

The acquisition was consummated for a consideration of ₹ 31,069 (USD 454.1 million) which includes a deferred earn-out component of ₹ 1,115 (USD 16.3 million), which is linked to achievement of revenues and earnings over a period of 3 years ending March 31, 2019. The fair value of the earn-out liability was estimated by applying the discounted cash flow approach considering discount rate of 14.1% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at ₹ 536 million (USD 7.8 million) and recorded as part of preliminary purchase price allocation.

The following table presents the provisional allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	368	₹	1,604		₹	1,972
Technology platform		1,087		1,904			2,991
Customer related intangibles		—		5,853			5,853
Non-compete agreement		—		315			315
Deferred tax liabilities on intangible assets		—		(3,066	)		(3,066	)
Total	₹	1,455	₹	6,610			8,065
Goodwill							22,425
Total purchase price						₹	30,490

Net assets acquired include ₹ 47 of cash and cash equivalents and trade receivables valued at ₹ 2,449.

The goodwill of ₹ 22,425 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

The purchase consideration has been allocated on a provisional basis based on management’s estimates. The Company is in the process of making a final determination of the fair value of assets and liabilities. Finalization of the purchase price allocation may result in certain adjustments to the above allocation.

7. Investments

Financial instruments consist of the following:

	As at
	March 31, 2016		June 30, 2016
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds (1)	₹	10,578	₹	18,485
Others		816		829
Financial instruments at FVTOCI
Equity instruments		4,907		4,985
Commercial paper, Certificate of deposits and bonds		121,676		105,929
Financial instruments at amortised cost
Inter corporate and term deposits (2) (3)		71,174		72,428
	₹	209,151	₹	202,656
Current		204,244		197,671
Non-current		4,907		4,985

⁽¹⁾  Investments in liquid and short-term mutual funds include investments amounting to ₹ 111 (March 31, 2016: ₹ 109) pledged as margin money deposits for entering into currency future contracts.

⁽²⁾ These deposits earn a fixed rate of interest and mature within 12 months.

⁽³⁾ Term deposits include deposits in lien with banks amounting to ₹ 2,400 (March 31, 2016: ₹ 300).

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8. Inventories

Inventories consist of the following:

	As at
	March 31, 2016		June 30, 2016
Stores and spare parts	₹	871	₹	866
Raw materials and components		2		2
Finished goods and traded goods		4,517		5,586
	₹	5,390	₹	6,454

9. Cash and cash equivalents

Cash and cash equivalents as of March 31, 2016 and June 30, 2016 consists of cash and balances on deposit with banks. Cash and cash equivalents consists of the following:

	As at
	March 31, 2016		June 30, 2016
Cash and bank balances	₹	63,518	₹	95,437
Demand deposits with banks (1) (2)		35,531		28,998
	₹	99,049	₹	124,435

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

⁽²⁾  Demand deposits with banks include deposits in lien with banks amounting to ₹ 125 (March 31, 2016: ₹ 3).

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

	As at
	June 30, 2015			June 30, 2016
Cash and cash equivalents	₹	132,937		₹	124,435
Bank overdrafts		(986	)		(2,158	)
	₹	131,951		₹	122,277

10. Other assets

	As at
	March 31, 2016		June 30, 2016
Current
Prepaid expenses and Deposits		14,518		15,577
Due from officers and employees		3,780		3,831
Finance lease receivables		2,034		1,734
Advance to suppliers		1,507		3,072
Deferred contract costs		3,720		3,713
Interest receivable		2,488		2,788
Balance with excise, customs and other authorities		1,814		1,842
Others(1)		3,033		2,050
	₹	32,894	₹	34,607
Non-current
Prepaid expenses including rentals for leasehold land and Deposits	₹	8,534	₹	9,133
Finance lease receivables		2,964		2,974
Deferred contract costs		3,807		3,691
Others		523		368
	₹	15,828	₹	16,166
Total	₹	48,722	₹	50,773

⁽¹⁾  Others include ₹ Nil (March 31, 2016: ₹ 418) representing assets held for sale

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11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31, 2016		June 30, 2016
Short-term borrowings from banks	₹	105,661	₹	108,321
External commercial borrowings		9,938		10,130
Obligations under finance leases		8,963		9,191
Term loans		659		1,024
Total loans and borrowings	₹	125,221	₹	128,666

12. Other liabilities and provisions

	As at
	March 31, 2016		June 30, 2016
Other liabilities:
Current:
Statutory and other liabilities	₹	3,871	₹	3,451
Employee benefit obligations		5,494		6,014
Advance from customers		2,283		2,855
Others		2,173		1,736
	₹	13,821	₹	14,056
Non-current:
Employee benefit obligations	₹	4,618	₹	4,477
Others		2,607		2,555
	₹	7,225	₹	7,032
Total	₹	21,046	₹	21,088

	As at
	March 31, 2016		June 30, 2016
Provisions:
Current:
Provision for warranty	₹	388	₹	383
Others		874		799
	₹	1,262	₹	1,182
Non-current:
Provision for warranty	₹	14	₹	18
Total	₹	1,276	₹	1,200

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 counterparty as non-material.

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

	As at
	March 31, 2016		June 30, 2016
Designated derivative instruments
Sell	$	922	$	941
	£	248	£	236
	€	278	€	268
	AUD	139	AUD	129
	SAR	19	SAR	19
	AED	7	AED	—
Interest rate swaps	$	150	$	150
Non designated derivative instruments
Sell	$	1,298	$	1,395
	£	55	£	55
	€	87	€	88
	AUD	35	AUD	56
	¥	490	¥	490
	SGD	3	SGD	3
	ZAR	110	ZAR	289
	CAD	11	CAD	11
	CHF	10	CHF	10
	SAR	58	SAR	58
	AED	7	AED	7
Buy	$	822	$	818

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,
	2015			2016
Balance as at the beginning of the period	₹	4,268		₹	2,367
Deferred cancellation gain/(loss)		47			(11	)
Changes in fair value of effective portion of derivatives		(1,462	)		1,945
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions		(977	)		(1,005	)
Gain/(loss) on cash flow hedging derivatives, net	₹	(2,392	)	₹	929
Balance as at the end of the period	₹	1,876		₹	3,296
Deferred tax asset/(liability) thereon	₹	(325	)	₹	(416	)
Balance as at the end of the period, net of deferred tax	₹	1,551		₹	2,880

As at March 31, 2016, June 30, 2015 and 2016, 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 FVTPL are measured using the net asset values at the reporting date multiplied by the quantity held.

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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).

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, 2016											As at June 30, 2016
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	₹	3,072		₹	—	₹	3,072		₹	—		₹	3,662		₹	—	₹	3,662		₹	—
Others		2,737			—		2,179			558			1,497			—		939			558
Investments:
Investment in liquid and short-term mutual funds		10,578			10,578		—			—			18,485			18,485		—			—
Other investments		816			—		816			—			829			—		829			—
Investment in equity instruments		4,907			—		—			4,907			4,985			—		—			4,985
Commercial paper, Certificate of deposits and bonds		121,676			—		121,676			—			105,929			1,575		104,354			—
Liabilities
Derivative instruments:
Cash flow hedges		(706	)		—		(706	)		—			(355	)		—		(355	)		—
Others		(1,753	)		—		(1,753	)		—			(1,099	)		—		(1,099	)		—
Contingent consideration		(2,251	)		—		—			(2,251	)		(2,341	)		—		—			(2,341	)

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 at June 30, 2016, 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.

Investment in commercial papers, certificate of deposits and bonds: Fair value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at June 30, 2016.

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Details of assets and liabilities considered under Level 3 classification:

	Investments in equity instruments		Derivative Assets – Others		Liabilities – Contingent consideration
Opening balance as on April 1, 2015	₹	3,867	₹	524	₹	(110	)
Additions/adjustments		1,016		—		(1,908	)
Gain/loss recognized in statement of income		—		34		—
Gain/loss recognized in foreign currency translation reserve		—		—		(95	)
Gain/loss recognized in other comprehensive income		24		—		—
Finance Expense recognized in statement of income		—		—		(138	)
Closing balance as on March 31, 2016	₹	4,907	₹	558	₹	(2,251	)
Opening Balance as on April 1, 2016	₹	4,907	₹	558	₹	(2,251	)
Additions/(Deletions)		78		—		—
Gain/loss recognized in foreign currency translation reserve		—		—		(23	)
Finance Expense recognized in statement of income		—		—		(67	)
Closing balance as on June 30, 2016		4,985		558		(2,341	)

Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Movement by			Increase (₹)			Decrease (₹)
Unquoted equity investments	Discounted cash flow model	Long term growth rate		0.5	%		57			(53	)
		Discount rate		0.5	%		(95	)		103
	Market multiple approach	Revenue multiple		0.5	x		182			(187	)
Derivative assets	Option pricing model	Volatility of comparable companies		2.5	%		31			(32	)
		Time to liquidation event		1 year			60			(69	)
Contingent consideration	Probability weighted method	Estimated revenue achievement		1	%		36			(36	)
		Estimated earnings achievement		1	%		37			(37	)

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, 2015			June 30, 2016
Balance at the beginning of the period	₹	11,249		₹	16,116
Translation difference related to foreign operations, net		1,757			1,663
Change in effective portion of hedges of net investment in foreign operations		(179	)		(136	)
Total change during the period	₹	1,578		₹	1,527
Balance at the end of the period	₹	12,827		₹	17,643

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16. Income taxes

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

	Three months ended
	June 30, 2015			June 30, 2016
Income tax expense as per the statement of income	₹	5,958		₹	6,122
Income tax included in other comprehensive income on:
Unrealized gain on investment securities		(78	)		326
Gain / (loss) on cash flow hedging derivatives		(393	)		(42	)
Defined benefit plan actuarial gains / (losses)		(187	)		21
Total income taxes	₹	5,300		₹	6,427

Income tax expense consists of the following:

	Three months ended
	June 30, 2015			June 30, 2016
Current taxes
Domestic	₹	4,833		₹	4,742
Foreign		1,170			1,643
	₹	6,003		₹	6,385
Deferred taxes
Domestic	₹	(85	)	₹	(241	)
Foreign		40			(22	)
	₹	(45	)	₹	(263	)
Total income tax expense	₹	5,958		₹	6,122

Income tax expense is net of reversal of provisions recorded in earlier periods, which are no longer required, amounting to ₹ 355 and ₹ 189 for the three months ended June 30, 2015 and 2016 respectively.

17. Revenues

	Three months ended
	June 30, 2015		June 30, 2016
Rendering of services	₹	113,866	₹	129,321
Sale of products		8,510		6,671
Total revenues	₹	122,376	₹	135,992

18. Expenses by nature

	Three months ended
	June 30, 2015		June 30, 2016
Employee compensation	₹	59,007	₹	65,977
Sub-contracting/technical fees		14,561		20,304
Cost of hardware and software		8,190		6,555
Travel		5,657		5,529
Facility expenses		4,065		5,044
Depreciation and amortization		3,367		4,665
Communication		1,278		1,288
Legal and professional fees		980		1,282
Rates, taxes and insurance		660		537
Advertisement		433		769
Provision for doubtful debt		259		289
Miscellaneous expenses		1,267		1,890
Total cost of revenues, selling and marketing and general and administrative expenses	₹	99,724	₹	114,129

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19. Finance expense

	Three months ended
	June 30, 2015		June 30, 2016
Interest expense	₹	316	₹	412
Exchange fluctuation on foreign currency borrowings, net		970		924
Total	₹	1,286	₹	1,336

20. Finance and other income

	Three months ended
	June 30, 2015		June 30, 2016
Interest income	₹	4,803	₹	4,732
Dividend income		26		24
Unrealized gains/losses on financial instruments measured at fair value through profit or loss		93		76
Gain on sale of investments		413		368
Total	₹	5,335	₹	5,200

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, 2015		June 30, 2016
Profit attributable to equity holders of the Company	₹	21,917	₹	20,518
Weighted average number of equity shares outstanding		2,455,804,709		2,457,363,886
Basic earnings per share	₹	8.92	₹	8.35

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, 2015		June 30, 2016
Profit attributable to equity holders of the Company	₹	21,917	₹	20,518
Weighted average number of equity shares outstanding		2,455,804,709		2,457,363,886
Effect of dilutive equivalent share options		4,779,330		6,033,483
Weighted average number of equity shares for diluted earnings per share		2,460,584,039		2,463,397,368
Diluted earnings per share	₹	8.91	₹	8.33

22. Employee benefits

a) Employee costs include:

	Three months ended
	June 30, 2015		June 30, 2016
Salaries and bonus	₹	57,342	₹	63,855
Employee benefit plans
Gratuity		186		291
Contribution to provident and other funds		997		1,406
Share based compensation		482		425
	₹	59,007	₹	65,977

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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, 2015		June 30, 2016
Cost of revenues	₹	49,947	₹	55,681
Selling and marketing expenses		5,748		6,726
General and administrative expenses		3,312		3,570
	₹	59,007	₹	65,977

The Company has granted 2,747,400 and Nil options under RSU option plan and 1,487,700 and 7,500 options under ADS option plan during the three months ended June 30, 2015 and 2016.

23. Commitments and contingencies

Capital commitments: As at March 31, 2016 and June 30, 2016, the Company had committed to spend approximately ₹ 10,734 and ₹ 11,565 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, 2016 and June 30, 2016, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 25,218 and ₹ 26,585, 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, 2011 and the aggregate demand is ₹ 47,583 (including interest of ₹ 13,832). 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 majority of the issues in favor of the Company up to years ended March 31, 2004. Department has filed a Special Leave Petition (SLP) before the Supreme Court of India for the year ended March 31, 2001 on certain issues allowed in favor of the Company.

On similar issues for years up to March 31, 2000, the Hon’ble High Court of 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 years ended March 31, 2010 and March 31, 2011, 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 31, 2012, the Company received the draft assessment order in March 2016 with a proposed demand of ₹ 4,241 (including interest of ₹ 1,376), arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. Company has filed an objection before DRP within the prescribed timelines.

Considering the facts and nature of disallowance and the order of the appellate authority / Hon’ble High Court of Karnataka 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 ₹ 2,654 and ₹ 2,500 as of March 31, 2016 and June 30, 2016.

26

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. Effective April 1, 2016, we realigned our industry verticals. The Communication Service Provider business unit was regrouped from the former GMT industry vertical into a new industry vertical named “Communications”. The Media business unit from the former GMT industry vertical has been realigned with the former RCTG industry vertical which has been renamed as “Consumer Business Unit” industry vertical. Further, the Network Equipment Provider business unit of the former GMT industry vertical has been realigned with the Manufacturing industry vertical to form the “Manufacturing and Technology” industry vertical.

The revised industry verticals are as follows: Finance Solutions (BFSI), Healthcare, Lifesciences & Services (HLS), Consumer (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing & Technology (MNT), Communications (COMM). IT Services segment 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.

Comparative information has been restated to give effect to the above changes.

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, 2015 is as follows:

	IT Services																IT Products		Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		31,020		12,988		18,700		17,577		26,963		8,525		—		115,773		8,174		(241	)		123,706
Segment Result		6,947		2,754		3,082		3,587		5,833		1,248		—		23,451		103		(102	)		23,452
Unallocated																530		—		—			530
Segment Result Total																23,981		103		(102	)		23,982
Finance expense																							(1,286	)
Finance and other income																							5,335
Profit before tax																							28,031
Income tax expense																							(5,958	)
Profit for the period																							22,073
Depreciation and amortization																							3,367

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Information on reportable segment for the three months ended June 30, 2016 is as follows:

	IT Services																	IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		33,630		19,931		20,725		17,356		29,538		9,912		—		131,092			5,930			(46	)		136,976
Segment Result		6,994		2,856		3,775		3,025		5,954		1,502		—		24,106			(368	)		(54	)		23,684
Unallocated																(837	)		—			—			(837	)
Segment Result Total																23,269			(368	)		(54	)		22,847
Finance expense																									(1,336	)
Finance and other income																									5,200
Profit before tax																									26,711
Income tax expense																									(6,122	)
Profit for the period																									20,589
Depreciation and amortization																									4,665

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, 2015		June 30, 2016
India	₹	13,354	₹	12,799
Americas		61,061		70,256
Europe		30,006		33,581
Rest of the world		19,285		20,340
	₹	123,706	₹	136,976

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, 2015 and 2016.

Notes:

a) Effective April 1, 2016, CODM’s review of the segment results is measured after including the amortization charge for acquired intangibles to the respective segments. Such costs were classified under reconciling items till the year ended March 31, 2016. Comparative information has been restated to give effect to the same.

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

c) 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.

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) 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

28

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, 2016 are provided in the table below.

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC (formerly Wipro, Inc.)			USA
	Wipro Gallagher Solutions, Inc.		USA
		Opus Capital Markets Consultants LLC	USA
		Wipro Promax Analytics Solutions LLC	USA
	Infocrossing, Inc.		USA
	Wipro Insurance Solutions LLC Wipro Data Centre and Cloud Services, Inc. Wipro IT Services, Inc.		USA USA USA
		HPH Holdings Corp. (A)	USA
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 Technogoty Austria GmbH(A)	Austria
		Wipro Digital Aps (A)	Denmark
		3D Networks (UK) Limited	U.K.
		Wipro Europe Limited (A)	U.K.
		Wipro Promax Analytics Solutions (Europe) Limited	U.K.
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC#		Qatar
	Wipro Technologies S.A DE C.V		Mexico
	Wipro BPO Philippines LTD. Inc		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary
	Wipro Technologies 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.		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana

29

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	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 Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro IT Services Ukraine LLC	Ukraine
		Wipro Technologies Norway AS	Norway
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C	Peru
	Wipro Technologies SRL		Romania
	PT WT Indonesia		Indonesia
	Wipro Australia Pty Limited		Australia
	Wipro (Thailand) Co Limited		Thailand
	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
	Rainbow Software LLC		Iraq
	Cellent AG		Germany
		Cellent Mittelstandsberatung GmbH	Germany
		Cellent AG Austria(A)	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	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.

30

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

Subsidiaries	Subsidiaries		Subsidiaries	Country of Incorporation
Wipro Information Technogoty Austria GmbH				Austria
	Wipro Technologies Austria GmbH			Austria
	New Logic Technologies SARL			France
Wipro Europe Limited				U.K.
	Wipro UK Limited			U.K.
Wipro Portugal S.A.				Portugal
	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 Digital Aps	Designit A/S	Designit Denmark A/S Designit MunchenGmbH Designit Oslo A/S Designit Sweden AB Designit T.L.V Ltd. Designit Tokyo Ltd. Denextep Spain Digital, S.L		Denmark Denmark Denmark Germany Norway Sweden Israel Japan Spain
			Designit Colombia S A S	Colombia
Cellent AG Austria	Frontworx Informationstechnologie AG			Austria Austria
HPH Holdings Corp.	Healthplan Holdings, Inc. Healthplan Services Insurance Agency, Inc. Healthplan Services, Inc. Harrington Health Services Inc.			USA USA USA USA USA

26. Bank balances

Details of balances with banks as of June 30, 2016 are as follows:

Bank Name	In Current Account		In Deposit Account		Total
Citi Bank	₹	52,414	₹	575	₹	52,989
Axis Bank		271		14,366		14,637
HSBC		5,649		1,525		7,174
Yes Bank		—		5,900		5,900
ICICI Bank		45		2,910		2,955
Wells Fargo Bank		2,769		—		2,769
Corporation Bank		—		2,000		2,000
ANZ Bank		88		999		1,087
Bank of Montreal		661		—		661
BMO Harris Bank		407		—		407
Saudi British Bank		210		180		390
HDFC Bank		262		123		385
Kotak Mahindra Bank		11		264		275
Uni Credit bank		186		—		186
Indian Overseas Bank		1		155		156
Standard Chartered Bank		151		—		151
Bank of Columbia		98		—		98
Funds in Transit		30,519		—		30,519
Others including cash and cheques on hand		1,695		1		1,696
Total	₹	95,437	₹	28,998	₹	124,435

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27. Events after the reporting period

The Board of Directors of the Company approved a proposal for buyback of equity shares at its meeting held on April 20, 2016. Further to the said approval, the Company completed buyback of 40 million shares of ₹ 2 each (representing 1.62% of total paid up equity capital) on July 8, 2016, from the shareholders on a proportionate basis by way of a tender offer at a price of ₹ 625 per equity share for an aggregate amount of ₹ 25,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998.

At the annual general meeting of the shareholders held on July 18, 2016, the shareholders of the Company approved the final dividend of ₹ 1 ($ 0.02) per equity share and ADR (50% on an equity share of par value of ₹ 2).

Previously, the Company had announced, on December 23, 2015, the signing of a definitive agreement to acquire Viteos Group. However, due to inordinate delays in completion of closing conditions that exceeded the target closing date and expiration date under the terms of the agreement, both parties have decided not to proceed ahead with the acquisition.

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	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Chairman & Managing Director	Director	Chief Excecutive & Excecutive Director
Akeel Master Partner Membership No. 046768	Jatin Pravinchandra Dalal Chief Financial Officer	M Sanaulla Khan Company Secretary
Mumbai July 19, 2016	Bangalore July 19, 2016

32

EX-99.5

Exhibit 99.5

WIPRO LIMITED

CIN: L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore - 560035, India

Website: www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844 0054

STATUTORILY AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2016

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

	Particulars	Quarter ended									Year ended
		June 30, 2016			March 31, 2016			June 31, 2015			March 31, 2016
1	Income from operations
	a) Net Sales/income from operations (net of excise duty)		136,976			137,417			123,706			516,307
	b) Other operating income		—			—			—			—
	Total income from operations (net)		136,976			137,417			123,706			516,307
2	Expenses
	a) Cost of materials consumed		(0	)		—			1			2
	b) Purchase of stock-in-trade		7,580			8,712			7,251			30,552
	c) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		(1,069	)		717			97			(605	)
	d) Employee benefit expense		65,977			63,748			59,007			245,534
	e) Depreciation and amortisation expense		4,665			4,304			3,367			14,965
	f) Sub contracting/technical fees/third party application		20,304			19,918			14,561			67,769
	g) Other expenses		16,672			15,222			15,440			61,230
	Total expenses		114,129			112,621			99,724			419,447
3	Profit from operations before other income, finance costs and exceptional items (1-2)		22,847			24,796			23,982			96,860
4	Other Income		5,200			5,710			5,335			23,655
5	Profit from ordinary activities before finance costs and exceptional items (3+4)		28,047			30,506			29,317			120,515
6	Finance Costs		1,336			1,284			1,286			5,582
7	Profit from ordinary activities after finance costs but before exceptional items (5-6)		26,711			29,222			28,031			114,933
8	Exceptional items		—			—			—			—
9	Profit from ordinary activities before tax (7+8)		26,711			29,222			28,031			114,933
10	Tax expense		6,122			6,648			5,958			25,366
11	Net profit from ordinary activities after tax (9-10)		20,589			22,574			22,073			89,567
12	Extraordinary items (net of tax expense)		—			—			—			—
13	Net profit for the period (11+12)		20,589			22,574			22,073			89,567
14	Share of Profit/(loss) of associates		—			—			—			—
15	Minority interest		(71	)		(193	)		(156	)		(492	)
16	Net profit after taxes, minority interest and share of profit of		20,518			22,381			21,917			89,075
	associates (13+14+15)
17	Paid up equity share capital (Face value ₹ 2 per share)		4,941			4,941			4,938			4,941
18	Reserves excluding revaluation reserves											461,137
19	EARNINGS PER SHARE (EPS)
	(of ₹ 2/- each) (not annualised)
	Before extraordinary items
	Basic (in ₹)		8.35			9.11			8.92			36.26
	Diluted (in ₹)		8.33			9.09			8.91			36.19
	After extraordinary items
	(of  ₹ 2/- each) (not annualised)
	Basic (in ₹)		8.35			9.11			8.92			36.26
	Diluted (in ₹)		8.33			9.09			8.91			36.19

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter ended June 30, 2016

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 16-17			FY 15-16
		Q1			FY			Q4			Q3			Q2			Q1
Revenue & OM%	IT Services Revenues ($M)		1,930.8			7,346.3			1,882.0			1,838.3			1,831.9			1,794.1
	Sequential Growth		2.6	%		3.7	%		2.4	%		0.3	%		2.1	%		1.1	%
	Sequential Growth in Constant Currency*		2.0	%		7.6	%		2.7	%		1.4	%		3.1	%		0.2	%
	Operating Margin%**		17.8	%		20.2	%		19.7	%		19.9	%		20.4	%		20.7	%
Service Line Mix	Practices^
	Analytics		7.4	%		7.4	%		7.2	%		7.4	%		7.5	%		7.5	%
	Application Services		44.7	%		46.6	%		45.3	%		46.7	%		46.8	%		47.5	%
	Business Process Services		12.9	%		9.8	%		10.6	%		9.8	%		9.8	%		9.3	%
	Global Infrastructure Services		27.9	%		28.3	%		28.9	%		28.1	%		28.0	%		28.0	%
	Product Engineering		7.1	%		7.9	%		8.0	%		8.0	%		7.9	%		7.7	%
SBU Mix	Strategic Business Units***
	Communications		7.6	%		7.6	%		7.7	%		7.7	%		7.6	%		7.4	%
	Consumer		15.8	%		16.3	%		16.4	%		16.5	%		16.2	%		16.2	%
	Energy, Natural Resources & Utilities		13.2	%		14.6	%		14.0	%		14.4	%		14.7	%		15.2	%
	Finance Solutions		25.6	%		26.3	%		25.4	%		26.2	%		26.7	%		26.8	%
	Healthcare, Life Sciences & Services		15.3	%		12.0	%		13.3	%		12.0	%		11.4	%		11.2	%
	Manufacturing & Technology		22.5	%		23.2	%		23.2	%		23.2	%		23.4	%		23.2	%
Geography Mix	Geography
	Americas		53.5	%		52.7	%		52.5	%		52.8	%		53.0	%		52.5	%
	APAC and Other Emerging Markets		10.7	%		11.2	%		10.9	%		11.4	%		11.2	%		11.3	%
	Europe		25.4	%		25.3	%		25.6	%		24.8	%		25.2	%		25.6	%
	India & Middle East business		10.4	%		10.8	%		11.0	%		11.0	%		10.6	%		10.6	%
Guidance	Guidance ($MN)		1,901-1,939						1,875-1,912			1,841-1,878			1,821-1,857			1,765-1,793
	Guidance restated based on actual currency realized ($MN)		1,912-1,950						1,869-1,906			1,821-1,858			1,803-1,839			1,781-1,809
	IT Services Revenues ($M)		1,930.8			7,346.3			1,882.0			1,838.3			1,831.9			1,794.1
Customer Relationships	Customer size distribution (TTM)
	> $100M		9			9			9			9			10			10
	> $75M		19			18			18			17			17			17
	> $50M		33			33			33			32			31			30
	> $20M		91			89			89			85			85			86
	> $10M		170			160			160			154			154			151
	> $5M		252			248			248			247			244			244
	> $3M		336			331			331			325			321			314
	> $1M		565			550			550			536			533			537
Customer Metrics	Revenue from Existing customers %		99.7	%		98.1	%		96.5	%		97.9	%		98.5	%		99.6	%
	Number of new customers		50			261			119			39			67			36
	Total Number of active customers		1208			1223			1223			1105			1100			1071
	Customer Concentration
	Top customer		2.5	%		3.1	%		2.7	%		3.2	%		3.1	%		3.3	%
	Top 5		10.3	%		11.6	%		11.0	%		11.5	%		11.7	%		12.2	%
	Top 10		17.6	%		19.3	%		18.2	%		19.3	%		19.8	%		20.1	%

* Constant currency revenues for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.

** Effective April 1, 2016, the segment results is measured after including the amortization charge for acquired intangibles to the respective segments. Such costs were classified under reconciling items till the year ended March 31, 2016. Comparative information has been restated to give effect to the same.

*** Effective April 1, 2016, we realigned our industry verticals. The Communication Service Provider business unit was regrouped from the former GMT industry vertical into a new industry vertical named “Communications”. The Media business unit from the former GMT industry vertical has been realigned with the former RCTG industry vertical which has been renamed as “Consumer Business Unit” industry vertical. Further, the Network Equipment Provider business unit of the former GMT industry vertical has been realigned with the Manufacturing industry vertical to form the “Manufacturing and Technology” industry vertical.

^ We have re-classified some portions of work amongst Service lines and therefore the growth rates (both QoQ and YoY) may not be comparable.

Page 1 of 2

		FY16-17			FY 15-16
		Q1			FY			Q4			Q3			Q2			Q1
Currency Mix	% of Revenue
	USD		60	%		60	%		60	%		60	%		60	%		61	%
	GBP		11	%		12	%		11	%		12	%		13	%		14	%
	EUR		9	%		8	%		9	%		8	%		8	%		7	%
	INR		8	%		7	%		7	%		7	%		7	%		6	%
	AUD		4	%		4	%		4	%		4	%		4	%		4	%
	CAD		2	%		2	%		2	%		2	%		2	%		2	%
	Others		6	%		7	%		7	%		7	%		6	%		6	%
Employee Metrics	Closing Head Count - IT Services		173,863			172,912			172,912			170,664			168,396			161,789
	Utilization (IT Services excl BPS, IFOX, cellent, HPS & I&ME*)
	Gross Utilization		69.9	%		68.8	%		68.1	%		66.4	%		69.5	%		71.3	%
	Net Utilization (excl Support)		78.8	%		76.6	%		76.1	%		73.8	%		77.2	%		79.4	%
	Net Utilization (Excluding Trainees)		79.7	%		79.9	%		77.5	%		78.0	%		82.3	%		81.9	%
	Attrition
	IT Services excl BPS, cellent, HPS
	Voluntary TTM		16.5	%		16.1	%		16.1	%		16.3	%		16.3	%		16.4	%
	Voluntary Quarterly Annualized		17.9	%		16.1	%		14.9	%		16.3	%		17.0	%		16.4	%
	BPS
	BPS % - Quarterly		11.7	%		11.0	%		11.1	%		9.9	%		10.2	%		12.0	%
	BPS % - Post Training Quarterly		9.0	%		9.3	%		9.9	%		8.8	%		8.5	%		9.3	%
	Sales & Support Staff - IT Services (avg)		14,324			13,140			13,737			13,239			13,068			12,517
B. IT Services (Excluding Infocrossing, BPS, Designit, cellent, HPS and India & Middle East Business)
Service delivery	Revenue from FPP		56.0	%		55.2	%		56.9	%		55.9	%		53.4	%		54.5	%
	Onsite Revenue - % of Services		54.4	%		54.1	%		54.2	%		53.8	%		53.9	%		54.6	%
	Off shore Revenue - % of Services		45.6	%		45.9	%		45.8	%		46.2	%		46.1	%		45.4	%

C. Growth Metrics For Quarter ended June 30, 2016

	Seq %			YoY%			Constant Currency Seq %			Constant Currency YoY %
IT Services		2.6	%		7.6	%		2.0	%		9.5	%
Verticals
Communications		0.2	%		10.2	%		-0.4	%		14.6	%
Consumer Business Unit		-1.1	%		5.2	%		-1.6	%		6.9	%
Energy, Natural Resources & Utilities		-2.7	%		-6.2	%		-4.1	%		-2.8	%
Finance Solutions		3.5	%		3.0	%		2.9	%		5.5	%
Healthcare, Life Sciences & Services		18.0	%		46.2	%		17.7	%		46.6	%
Manufacturing and Technology		-0.6	%		4.1	%		-0.9	%		4.6	%
Geography
Americas		4.5	%		9.7	%		4.2	%		10.1	%
APAC and Other Emerging Markets		0.7	%		2.1	%		-0.4	%		6.0	%
Europe		1.7	%		6.8	%		0.5	%		10.2	%
India & Middle East business		-2.5	%		5.4	%		-2.6	%		8.7	%
D. Annexure to Datasheet
Segment-wise breakup of Cost of Revenues, S&M and G&A	Q1 FY 16-17 (INR Mn.)
Particulars	IT Services			IT Products			Reconciling Items			Total
Cost of revenues		90,497			5,856			36			96,389
Selling and marketing expenses		9,947			226			(32	)		10,141
General and administrative expenses		7,375			216			8			7,599
Total		107,819			6,298			11			114,129

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