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 October 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  ☒            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  ☒

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  ☒

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

We hereby furnish the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter ended September 30, 2016. The following 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 October 21, 2016, we announced our results of operations for the three months ended September 30, 2016. We issued a press release announcing our results under IFRS, copy of which is attached to this Form 6-K as Item 99.1.

On October 21, 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 September 30, 2016 under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.3.

We made available on our website the Condensed Consolidated Interim Financial Statements as of and for the three and six months ended September 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 three and six months ended September 30, 2016 under IFRS. A copy of such financial statements are 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 September 30, 2016. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

On October 20, 2016, we issued a press release announcing our definitive agreement to acquire Appirio. The press release is attached to this Form 6-K as Item 99.7. Disclosure made under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached to this Form 6-K as Item 99.8.

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: October 25, 2016

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on October 21, 2016
99.3	Form of Advertisement Placed in Indian Newspapers
99.4	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
99.7	Press release announcing our definitive agreement to acquire Appirio
99.8	Disclosure under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the quarter ended September 30, 2016 under IFRS

Gross Revenues grew 10% YoY

IT Services Segment Revenue in US Dollar terms grew by 7.2% YoY in constant currency

Bangalore, India and East Brunswick, New Jersey, USA — October 21, 2016 — Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its second quarter ended September 30, 2016.

Highlights of the Results

• Gross Revenues were ₹137.7 billion ($2.1 billion¹), an increase of 10% YoY.

• Net Income² was ₹20.7 billion ($312 million¹), a decline of 8% YoY.

• Non-GAAP constant currency IT Services Segment Revenue in dollar terms grew 0.9% sequentially and grew 7.2% YoY.

• IT Services Segment Revenue was $1,916.3 million, a sequential decrease of 0.8% and YoY increase of 4.6%.

• IT Services Segment Revenue in Rupee terms was ₹131.4 billion ($2.0 billion¹), an increase of 9% YoY.

• IT Services Segment Profits³ was ₹23.4 billion ($352 million¹), a decrease of 5% YoY.

• IT Services Margins⁴ was 17.8% for the quarter, as compared to 17.8% for the quarter ended June 30, 2016.

Performance for the quarter ended September 30, 2016

“We delivered Revenues in constant currency at the top end of our guidance range”, said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board. “I am very excited about Wipro’s acquisition of Appirio, a leader in cloud applications especially across Salesforce and Workday implementation services. This acquisition will establish Wipro’s dominance in cloud application services and further strengthen Wipro’s brand as a Digital Partner of choice.”

“We maintained margins in Q2 despite the impact of salary increase for an incremental two months due to strong operational improvements in automation-led productivity, offshoring and utilization.” said Jatin Dalal, Chief Financial Officer. “As we look forward, the demand environment is mixed in a seasonally weak quarter affected by furloughs and lower number of working days.”

Outlook for the Quarter ending December 31, 2016

We expect Revenues from our IT Services business to be in the range of $ 1,916 million to $ 1,955 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.26, Euro/USD at 1.11, AUD/USD at 0.76, USD/INR at 67.01 and USD/CAD at 1.31.

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 September 30, 2016, for cable transfers in Indian rupees, as certified by the Federal Reserve Board of New York, which was US $1= ₹66.58. However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2016 was US$1= ₹68.55

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 until the fiscal 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 footnote 3. above

IT Services

The IT Services segment had a headcount of 174,238 as of September 30, 2016.

Wipro has won a multi-year network management product sustenance deal from a Tier-1 network equipment provider. The company has been working with the client to optimize the total cost of ownership, and this end-to-end ownership engagement further strengthens Wipro’s relationship with the customer.

A global consumer electronics and technology major headquartered in Europe has awarded an IT application managed services deal to Wipro. As part of the project, Wipro will consolidate and optimize the client’s IT application managed services through hyper-automation using the Wipro HOLMES Artificial Intelligence Platform^™. The engagement will further strengthen Wipro’s existing relationship with the customer.

Wipro has been awarded a three-year IT infrastructure services contract by a prominent Australian oil and gas company with a global presence. The client has chosen Wipro as their strategic partner due to its proven capabilities in the infrastructure services space and expertise in automation. Wipro will also be a partner for the digital transformation of the client’s upstream operations.

Wipro has won a multi-year managed services engagement with a large Australian utilities business. The scope of the contract includes Applications, Networks, End User Computing, Service Desk and Data Centre Services. This engagement will see Wipro helping the customer transition to a more scalable and sustainable cost based model, which improves services and functional capabilities through digital initiatives.

Wipro has won a multi-year managed services engagement with a top U.S Department Store Retailer to transform their Quality Centre of Excellence. This deal will enable the client to realize significant savings and achieve quicker ‘Go to Market’ through transformation initiatives involving quality engineering and Wipro IP-enabled cognitive automation and robots.

Wipro has won a multi-year engagement with The Highland Council, UK to transform their core IT infrastructure and provide tablet devices to school children. This program will empower the Council to provide robust IT services and transform education in schools in the region.

Digital highlights

“Service providers in the digital transformation space need to develop a comprehensive set of capabilities to meet the new client demand effectively. In this context, through strategic acquisitions including Designit, investments in Wipro Digital and studios in key client hubs, and a strong partner ecosystem, Wipro has developed unique competencies that integrate technology and domain to establish industry leading digital delivery capabilities”, said Peter Bendor-Samuel, CEO, Everest Group.

Wipro will enable a global contract manufacturing company in its journey of implementing the “SmartFactory” model through advanced automation, machine learning, IoT and data analytics.

A leading provider for electricity distribution, automation and energy management has engaged Wipro to help them develop new business models through the intelligent application of their software and entitlement management systems.

Wipro will enable a biopharmaceutical company transform the online digital experience for its customers. Leveraging expertise from its Digital, Designit, Digital Engineering and Connected Enterprise Services teams, Wipro will deliver a consistent and relevant experience across multiple websites for the company’s customers.

A leader in the DIY (Do It Yourself) home space has chosen Wipro and Designit as its partners to help the company define the vision, a new value proposition, product road-map and design products for its Connected Home segment.

Designit was asked by one of the world’s leading ICT solution providers to define and design the next innovative application for smart watches. The goal is to assist with developing realizable next-generation functionalities for the product line management at the client’s headquarters in Asia. The client seeks an innovative state-of-the-art customization of Android Wear in regards to application interfaces and the necessary programming.

Wipro has secured a Data Discovery Platform win at a western Australian state government-owned corporation. This program will help the organization understand where their predictive asset maintenance capabilities currently lie, and provide a roadmap to develop their analytics capabilities. Wipro’s Data Discovery Platform will use the best of breed open source technologies and leverage cognitive capabilities from Wipro HOLMES Artificial Intelligence Platform^™ to bring to life the hidden insights in large and diverse data sets.

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

• Wipro was selected to implement a cloud based Procure-to-Pay solution for a global leader in branded lifestyle apparel, footwear and accessories.

• An American Chemicals Conglomerate selected Wipro to define their CRM modernization roadmap using a leading cloud CRM platform.

• A global marketing services firm has chosen Wipro to manage and execute the campaigns of their customers using leading marketing cloud platforms.

Delivery Excellence

“We wanted a partner who can think global and act local. Wipro has displayed a deep understanding of our business priorities, organization culture and the ability to challenge and innovate the way of executing the business. Wipro is our trusted partner in this journey and our journey will continue with Wipro in the future as well” said Serhan Ozhan, CIO, CLK Enerji.

“It is key for us in IT to provide consistent and reliable services and we look to Wipro to help us do that. They bring best in class practices to IT that we think we’ll be able to leverage over the coming years. Our experience in dealing with Wipro is that they have always been responsive. We trust them as a partner. They are honest and a very high integrity company” said Christopher Krebs, Senior Vice President & CIO, Fruit of the Loom.

Wipro deployed an integrated retail solution across 550 stores for a global retail major enabling central visibility of inventory, price differentials, cash and sales forecast. The retail solution led to the decommissioning of 10 legacy applications and helped reduce stock outage situations by almost 90%, resulting in an increased in-store customer satisfaction.

Awards and accolades

Gartner has identified Wipro Digital as a Representative Provider of all five services - Business Model Innovation, Cybersecurity and Digital Trust, Internet of Things, Industry-Specific Disruptive Technologies and Organizational Culture and Change Management in its Market Guide for Digital Business Consulting Services.*

Wipro has been included in the Dow Jones Sustainability Index (DJSI) – World and Emerging Markets for the seventh time in succession.

Wipro has been cited as a “Leader” by technology global research and advisory firm Forrester Research Inc. in its report, “The Forrester Wave^™: Services Providers for Next-Generation Oracle Application Projects, Q3 2016.

Wipro won the Teradata Epic Award for ICP Collaborative Revenue category at Teradata Partners Conference & Expo 2016. The Collaborative Revenue award recognizes the Integration and Consulting Partners (ICP) who worked with Teradata to influence the largest year-over-year order revenue growth for Teradata technology and services.

Wipro has been named as a “Leader” in the report “IDC MarketScape: Worldwide Oracle Implementation Services 2016 Vendor Assessment”.

Wipro has been featured in the “Winner’s Circle” by HfS Research in its 2016 blueprint report on Mortgage As-a-Service. HfS said Wipro has one of the most progressive strategies for moving toward Mortgage As-a-Service and is expanding market lead and vision by integrating and building on valuable mortgage industry assets.

Wipro is rated as a “Leader” in the Everest Group PEAK Matrix reports for Capital Markets BPO, Application Outsourcing and FAO Service providers in 2016.

Wipro has been positioned in the “Winner’s Circle” by HfS Research in its 2016 blueprint report on Energy Operations. HfS said Wipro is enabling new business models across the value chain with strong capabilities in Digital, automation and domain expertise.

* Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

IT Products

• Revenue for the quarter ended September 30, 2016 was ₹7.7 billion ($115 million¹).

Please refer the table on page 7 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 7 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 September 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. U.S. 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 the following link-http://services.choruscall.eu/links/wipro161021.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

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) 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: +91-80-3991 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 September 30,
	2016		2016		2016
					Convenience translation into US dollar in millions (unaudited) - Refer footnote 1 on Page 1
ASSETS
Goodwill		101,991		101,864		1,530
Intangible assets		15,841		14,479		217
Property, plant and equipment		64,952		69,103		1,038
Derivative assets		260		100		2
Investments		4,907		5,092		76
Non-current tax assets		11,751		11,938		179
Deferred tax assets		4,286		3,530		53
Other non-current assets		15,828		16,773		252
Total non-current assets		219,816		222,879		3,347
Inventories		5,390		5,215		78
Trade receivables		100,976		101,170		1,520
Other current assets		32,894		32,245		484
Unbilled revenues		48,273		48,691		731
Investments		204,244		258,499		3,883
Current tax assets		7,812		8,131		122
Derivative assets		5,549		6,746		101
Cash and cash equivalents		99,049		55,167		829
Total current assets		504,187		515,864		7,748
TOTAL ASSETS		724,003		738,743		11,095
EQUITY
Share capital		4,941		4,861		73
Share premium		14,642		427		6
Retained earnings		425,106		452,925		6,803
Share based payment reserve		2,229		2,761		41
Other components of equity		18,242		22,353		335
Equity attributable to the equity holders of the Company		465,160		483,327		7,258
Non-controlling interest		2,224		2,363		35
Total equity		467,384		485,690		7,293
LIABILITIES
Long - term loans and borrowings		17,361		18,004		270
Deferred tax liabilities		5,108		4,436		67
Derivative liabilities		119		26		—
Non-current tax liabilities		8,231		7,795		117
Other non-current liabilities		7,225		7,269		109
Provisions		14		14		—
Total non-current liabilities		38,058		37,544		563
Loans, borrowings and bank overdrafts		107,860		106,600		1,601
Trade payables and accrued expenses		68,187		68,487		1,031
Unearned revenues		18,076		15,053		226
Current tax liabilities		7,015		8,810		132
Derivative liabilities		2,340		2,553		38
Other current liabilities		13,821		12,820		193
Provisions		1,262		1,186		18
Total current liabilities		218,561		215,509		3,239
TOTAL LIABILITIES		256,619		253,053		3,802
TOTAL EQUITY AND LIABILITIES		724,003		738,743		11,095

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 September 30,									Six Months ended September 30,
	2015			2016			2016			2015			2016			2016
							Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1									Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1
Gross revenues		125,135			137,657			2,068			247,511			273,649			4,111
Cost of revenues		(85,824	)		(97,808	)		(1,469	)		(170,611	)		(194,197	)		(2,917	)
Gross profit		39,311			39,849			599			76,900			79,452			1,194
Selling and marketing expenses		(8,708	)		(9,614	)		(144	)		(16,752	)		(19,755	)		(297	)
General and administrative expenses		(6,887	)		(8,545	)		(128	)		(13,780	)		(16,144	)		(242	)
Foreign exchange gains/(losses), net		533			1,281			19			1,863			2,265			34
Results from operating activities		24,249			22,971			346			48,231			45,818			689
Finance expenses		(1,589	)		(1,428	)		(21	)		(2,875	)		(2,764	)		(42	)
Finance and other income		6,318			5,105			77			11,653			10,305			155
Profit before tax		28,978			26,648			402			57,009			53,359			802
Income tax expense		(6,515	)		(5,909	)		(89	)		(12,473	)		(12,031	)		(181	)
Profit for the period		22,463			20,739			313			44,536			41,328			621
Attributable to:
Equity holders of the company		22,409			20,672			312			44,326			41,190			619
Non-controlling interest		54			67			1			210			138			2
Profit for the period		22,463			20,739			313			44,536			41,328			621
Earnings per equity share:
Attributable to equity share holders of the company
Basic		9.12			8.54			0.13			18.05			16.89			0.25
Diluted		9.10			8.52			0.13			18.01			16.84			0.25
Weighted average number of equity shares used in computing earnings per equity share
Basic		2,456,285,585			2,420,621,137			2,420,621,137			2,456,223,408			2,439,012,817			2,439,012,817
Diluted		2,461,507,934			2,426,812,644			2,426,812,644			2,460,985,436			2,445,466,651			2,445,466,651
Additional Information
Segment Revenue
IT Services Business Units
BFSI		32,252			33,583			503			63,273			67,213			1,011
HLS		13,746			20,883			314			26,734			40,814			613
CBU		19,510			20,708			311			38,210			41,433			622
ENU		17,664			16,881			254			35,240			34,237			514
MNT		28,146			29,463			443			55,109			59,001			886
COMM		9,110			9,848			148			17,635			19,760			297
IT SERVICES TOTAL		120,428			131,366			1,973			236,201			262,458			3,943
IT PRODUCTS		5,442			7,666			115			13,616			13,596			204
RECONCILING ITEMS		(202	)		(94	)		(1	)		(443	)		(140	)		(2	)
TOTAL		125,668			138,938			2,087			249,374			275,914			4,145
Segment Result
IT Services Business Units
BFSI		6,882			6,379			96			13,829			13,373			201
HLS		3,023			3,234			49			5,777			6,090			91
CBU		3,238			3,584			54			6,320			7,359			111
ENU		3,272			3,443			52			6,859			6,468			97
MNT		6,370			6,175			93			12,203			12,129			182
COMM		1,554			1,594			24			2,801			3,096			47
OTHERS		—						—						—			—
UNALLOCATED		277			(1,037	)		(16	)		808			(1,874	)		(28	)
TOTAL IT SERVICES		24,616			23,372			352			48,597			46,641			701
IT PRODUCTS		(244	)		(298	)		(4	)		(141	)		(666	)		(10	)
RECONCILING ITEMS		(123	)		(103	)		(2	)		(225	)		(157	)		(2	)
TOTAL		24,249			22,971			346			48,231			45,818			689
FINANCE EXPENSE		(1,589	)		(1,428	)		(21	)		(2,875	)		(2,764	)		(42	)
FINANCE AND OTHER INCOME		6,318			5,105			77			11,653			10,305			155
PROFIT BEFORE TAX		28,978			26,648			402			57,009			53,359			802
INCOME TAX EXPENSE		(6,515	)		(5,909	)		(89	)		(12,473	)		(12,031	)		(181	)
PROFIT FOR THE PERIOD		22,463			20,739			313			44,536			41,328			621

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 September 30, 2016			Three Months ended September 30, 2016
IT Services Revenue as per IFRS	$	1,916.3	IT Services Revenue as per IFRS	$	1,916.3
Effect of Foreign currency exchange movement	$	32.3	Effect of Foreign currency exchange movement	$	47.2
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	1,948.6	Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	1,963.5

EX-99.2

Exhibit 99.2

Performance for Quarter ended September 30, 2016

Jatin Dalal

Senior Vice President and Chief Financial Officer

October 21, 2016

© 2016 WIPRO LTD | WWW.WIPRO.COM

Financial Summary for the Quarter Ended September 30, 2016 (IFRS)

Wipro Limited

Q2 17 (Rs crores) QoQ Growth

Revenues 13,766 1.2%

Results from Operating Activities

2,297 0.5% (EBIT)

Revenue of the Company grew 1.2% QoQ

EBIT of the Company grew by 0.5% QoQ

IT Services Segment Revenue was Rs 13,137 crores, an increase of 0.2% QoQ

Gross Cash position was Rs. 31,367 crores or $ 4.71 Billion

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

2 © 2016 WIPRO LTD | WWW.WIPRO.COM

Highlights for the quarter

Non-GAAP constant currency IT Services Segment USD Revenue grew 0.9% QoQ at the top end of the guidance range

IT Services Segment Margins was maintained at 17.8% as headwinds in salary increases were offset by strong operational improvements in automation-led productivity, offshoring and utilization improvements.

Gross Utilization has increased by 134 bps to 71.2%.

Digital Eco-system constitutes 19.6% of revenues

Acquired Appirio, a leader in cloud applications across Salesforce and Workday implementation services

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

3 © 2016 WIPRO LTD | WWW.WIPRO.COM

IT Services—Revenue Dynamics for Quarter Ended September 30, 2016

Vertical Business units

1. Healthcare, Life Sciences & Services grew 4.3% on a constant currency basis sequentially

2. Energy, Natural Resources & Utilities grew 1.3% on a constant currency basis sequentially

Geographies

1. Americas grew 1.8% on a constant currency basis sequentially

2. Europe grew 0.3% on a constant currency basis sequentially

Service Lines

1. Business Process Service grew 3.3% on a reported currency basis sequentially

2. Product Engineering grew by 0.7% on a reported currency basis sequentially

The growth percentages have been calculated based on USD revenues for the Business Unit/ Service line/ Geography. We have re-classified some portions of work amongst Service lines effective April 1, 2016 and therefore the growth rates (YoY) may not be comparable.

4 © 2016 WIPRO LTD | WWW.WIPRO.COM

Looking ahead

Looking ahead for the quarter ending December 31, 2016

Jul May Aug

We expect the Revenue from our Apr Sep IT Services business to be in the range of

2016-17 $ 1,916 million to $ 1,955 million*.

Oct

Feb

Jan Dec

We expect to consummate the Appirio acquisition in Q3 and hence Revenues from the acquisition is included in our guidance. However, there is variability in terms of exact date of consummation and our guidance incorporates this variability in the range.

* Guidance is based on the following exchange rates: GBP/USD at 1.26, Euro/USD at 1.11, AUD/USD at 0.76, USD/INR at 67.01 and USD/CAD at 1.31

5 © 2016 WIPRO LTD | WWW.WIPRO.COM

Supplemental Data

Key Operating Metrics of IT Services

6 © 2016 WIPRO LTD | WWW.WIPRO.COM

Key Operating Metrics in IT Services for the Quarter ended September, 2016

Particulars Q2’17 Q1’17 Q2’16

Revenue Composition

Communications 7.5% 7.6% 7.6% Finance Solutions 25.5% 25.6% 26.7% Manufacturing & Technology 22.4% 22.5% 23.4% Healthcare, Life Sciences & Services 16.0% 15.3% 11.4% Consumer 15.7% 15.8% 16.2% Energy, Natural Resources & Utilities 12.9% 13.2% 14.7%

Geography Composition

Americas 54.8% 53.5% 53.0% Europe 24.0% 25.4% 25.2% India & Middle East Business 10.4% 10.4% 10.6% APAC & Other Emerging Markets 10.8% 10.7% 11.2%

People related

Headcount 174,238 173,863 168,396

7 © 2016 WIPRO LTD | WWW.WIPRO.COM

Thank You

Jatin Dalal

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

8 © 2016 WIPRO LTD | WWW.WIPRO.COM

Appendix

9 © 2016 WIPRO LTD | WWW.WIPRO.COM

Reconciliation of Selected GAAP measures to Non-GAAP measures

Reconciliation of Gross Cash Reconciliation of Free Cash Flow

WIPRO LIMITED AND SUBSIDIARIES WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores) (Amounts in INR crores)

As of Three months ended September 30, 2016 September 30, 2016

Computation of Gross cash position Profit for the period     [A]                 2,067 Cash and cash equivalents                 5,517    

Investments—Current 25,850 Computation of Free cash flow

Net cash generated from operating activities 2,637

Total 31,367 Add/(deduct) cash inflow/(outflow) on :

Purchase of Property, plant and equipment                (695) Proceeds from sale of Property, plant and equipment 12

Free cash flow [B] 1,954 Free cash flow as a percentage of Net income [B/A] 94.5%

Reconciliation of Non-GAAP constant currency Revenue

Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended September 30, 2016 Three months ended September 30, 2016

IT Services Revenue as per IFRS $1,916.3 IT Services Revenue as per IFRS $1,916.3

Effect of Foreign currency exchange movement $ 32.3 Effect of Foreign currency exchange movement $     47.2 Non-GAAP Constant Currency IT Services Revenue Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates based on exchange rates of comparable period in $ 1,948.6 previous year $1,963.5

10 1 crores=10 million

© 2016 WIPRO LTD | WWW.WIPRO.COM

WIPRO

Applying Thought

EX-99.3

Exhibit 99.3

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

Wipro Limited

Extract of audited financial results of Wipro Limited and its subsidiaries for the quarter ended September 30, 2016

Consolidated Audited Financial Results of Wipro Limited under IFRS

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

Particulars Quarter ended

September 30, 2016 Year to date

September 30, 2016 Quarter ended September 30, 2015

Total income from operations (net) 138,938 275,914 125,668

Net Profit / (Loss) before tax, exceptional and extraordinary items 26,648 53,359 28,978

Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,648 53,359 28,978

Net Profit / (Loss) after tax, exceptional and extraordinary items 20,739 41,328 22,463

Total Comprehensive Income after tax 21,554 45,360 24,291

Equity Share Capital 4,861 4,861 4,940

Reserves excluding Revaluation Reserve 478,466 478,466 427,417

Earnings Per Share (after extraordinary items) (of ‘ 2/- each)

Basic:

Diluted:

8.54

8.52

16.89

16.84

9.12

9.10

The audited consolidated interim financial results of the Company for the quarter ended September 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2016. The statutory auditors have expressed an unqualified audit opinion.

Financial Results of Wipro Limited under IND AS

The condensed interim financial results are prepared in accordance with Indian Accounting Standards (Ind 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 Ind 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.

These financial statements, are prepared in accordance with Ind AS. For periods up to and including the year ended March 31, 2016, the Company prepared its financial statements in accordance with Previous GAAP (i.e. Indian GAAP).

Audited Consolidated Financial results under Ind AS

Particulars Quarter ended

September 30, 2016 Year to date

September 30, 2016 Quarter ended September 30, 2015

Total income from operations (net) 138,968 275,944 125,668

Net Profit / (Loss) before tax, exceptional and extraordinary items 26,681 53,392 28,979

Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,681 53,392 28,979

Net Profit / (Loss) after tax, exceptional and extraordinary items 20,771 41,361 22,464

Total Comprehensive Income after tax 21,636 45,372 24,190

Equity Share Capital 4,861 4,861 4,940

Reserves excluding Revaluation Reserve 474,755 474,755 423,716

Earnings Per Share (after extraordinary items ) (of ‘ 2/- each)

Basic:

Diluted:

8.55

8.53

16.90

16.86

9.12

9.10

The audited consolidated interim financial results (under Ind AS) of the Company for the quarter ended September 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliation of equity:

As at

March 31, 2016 As at

September 30, 2015 As at

April 1, 2015

Equity under Previous GAAP attributable to

Equity holders of the Company 446,886 416,354 370,920

Non-controlling interest 2,224 1,936 1,646

Total equity under Previous GAAP 449,110 418,290 372,566

Effect of transition to Ind AS

Impact of application of Ind AS 103 to past business combinations 9,930

10,541 11,253

Fair valuation of investments 2,135 1,909 1,338

Provision for expected credit loss (1,404) (1,323) (1,243)

Dividend and tax on dividend 2,959 - 20,656

Incremental deferred tax recognized, net 543 864 454

Others 387 311 260

Equity under Ind AS ‘463,660 ‘430,592 ‘405,284

Attributable to

Equity holders of the Company 461,436 428,656 403,638

Non-controlling interest 2,224 1,936 1,646

Reconciliation of Net Profit:

Three months ended

September 30, 2015

Net profit under Previous GAAP attributable to

Equity holders of the Company 22,496

Non-controlling interest 54

Net profit under Previous GAAP 22,550

Effect of transition to Ind AS

Impact of retrospective application of Ind AS 103 (347)

Employee benefits 86

Share based compensation expense 116

Expected credit loss recognized (40)

Change in fair valuation of investments 134

Tax impact on above, net 61

Others (96)

Profit for the period under Ind AS attributable to ‘ 22,464

Equity holders of the Company 22,410

Non-controlling interest 54

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars Quarter ended

September 30, 2016 Year to date

September 30, 2016 Quarter ended September 30, 2015

Total income from operations (net) 114,538 230,413 110,369

Net Profit / (Loss) before tax, exceptional and extraordinary items 25,147 51,098 27,663

Net Profit / (Loss) before tax but after exceptional and extraordinary items 25,147 51,098 27,663

Net Profit / (Loss) after tax, exceptional and extraordinary items 19,321 39,398 21,531

Total Comprehensive Income after tax 21,546 43,290 21,435

Equity Share Capital 4,861 4,861 4,940

Reserves excluding Revaluation Reserve 423,614 423,614 380,917

Earnings Per Share (after extraordinary items) (of ‘ 2/- each)

Basic:

Diluted:

7.98

7.96

16.15

16.11

8.77

8.75

The audited interim financial results of the Company for the quarter ended September 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliations between Previous GAAP and Ind AS

Equity reconciliations

As at As at As at

Mar 31’2016 September 30’2015 Apr 1’2015

As reported under Previous GAAP 409,052 385,519 346,216

Effect of transition to IND AS

Proposed Dividend (incl Dividend distribution tax) 2,974 - 20,739

Impact on adoption of Ind AS 109

Provision for expected credit loss (1,347) (1,266) (1,186)

Change in fair valuation of investments 2,135 1,909 1,338

Intangible amortization (368) (335) (302)

Tax impact (337) 10 (475)

Others 148 20 55

Equity as per Ind AS 412,257 385,857 366,385

Net Profit

Three months ended

September 30, 2015

Net Profit under Previous GAAP 21,420

Ind AS Adjustments

Employee benefits 80

Share based compensation expense 116

Depreciation, amortization and impairment change (16)

Change in fair valuation of investments 47

Expected credit loss recognized (40)

Tax impact 30

Others (106)

Net Profit under Ind AS 21,531

Notes:

The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Bombay Stock Exchange website (URL: www.bseindia.com/corporates), the National Stock Exchange website (URL: www.nseindia.com/corporates) and on the Company’s website (URL: www.wipro.com).

On October 20, 2016 the Company entered in to definitive agreement to acquire Appirio Inc., a global cloud services company for a consideration of US $ 500 million. The acquisition will strengthen Wipro’s cloud transformation practices.

By Order of the Board, Wipro Limited

Wipro Limited

For Wipro Ltd. Regd. Office: Doddakanneli,

Place: Bangalore Azim H Premji Sarjapur Road, Bangalore- 560035

Date: October 21, 2016 Chairman & Managing Director www.wipro.com

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE AND SIX MONTHS ENDED

SEPTEMBER 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)

	Notes		As of March 31,		As of September 30,
			2016		2016		2016
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill		5		101,991		101,864		1,530
Intangible assets		5		15,841		14,479		217
Property, plant and equipment		4		64,952		69,103		1,038
Derivative assets		13,14		260		100		2
Investments		7		4,907		5,092		76
Non-current tax assets				11,751		11,938		179
Deferred tax assets				4,286		3,530		53
Other non-current assets		10		15,828		16,773		252
Total non-current assets				219,816		222,879		3,347
Inventories		8		5,390		5,215		78
Trade receivables				100,976		101,170		1,520
Other current assets		10		32,894		32,245		484
Unbilled revenues				48,273		48,691		731
Investments		7		204,244		258,499		3,883
Current tax assets				7,812		8,131		122
Derivative assets		13,14		5,549		6,746		101
Cash and cash equivalents		9		99,049		55,167		829
Total current assets				504,187		515,864		7,748
TOTAL ASSETS				724,003		738,743		11,095
EQUITY
Share capital				4,941		4,861		73
Share premium				14,642		427		6
Retained earnings				425,106		452,925		6,803
Share based payment reserve				2,229		2,761		41
Other components of equity				18,242		22,353		335
Equity attributable to the equity holders of the Company				465,160		483,327		7,258
Non-controlling interest				2,224		2,363		35
Total equity				467,384		485,690		7,293
LIABILITIES
Long - term loans and borrowings		11		17,361		18,004		270
Deferred tax liabilities				5,108		4,436		67
Derivative liabilities		13,14		119		26		—
Non-current tax liabilities				8,231		7,795		117
Other non-current liabilities		12		7,225		7,269		109
Provisions		12		14		14		—
Total non-current liabilities				38,058		37,544		563
Loans, borrowings and bank overdrafts		11		107,860		106,600		1,601
Trade payables and accrued expenses				68,187		68,487		1,031
Unearned revenues				18,076		15,053		226
Current tax liabilities				7,015		8,810		132
Derivative liabilities		13,14		2,340		2,553		38
Other current liabilities		12		13,821		12,820		193
Provisions		12		1,262		1,186		18
Total current liabilities				218,561		215,509		3,239
TOTAL LIABILITIES				256,619		253,053		3,802
TOTAL EQUITY AND LIABILITIES				724,003		738,743		11,095

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 Chartered Accountants	Azim H Premji Chairman & Managing Director	N Vaghul Director	T K Kurien Executive Vice-Chairman
Jamil Khatri Partner Membership No. 102527	Jatin Pravinchandra Dalal Chief Financial Officer	M Sanaulla Khan Company Secretary
Mumbai October 21, 2016	Bangalore October 21, 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 September 30,									Six months ended September 30,
	Notes		2015			2016			2016			2015			2016			2016
									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues		17		125,135			137,657			2,068			247,511			273,649			4,111
Cost of revenues		18		(85,824	)		(97,808	)		(1,469	)		(170,611	)		(194,197	)		(2,917	)
Gross profit				39,311			39,849			599			76,900			79,452			1,194
Selling and marketing expenses		18		(8,708	)		(9,614	)		(144	)		(16,752	)		(19,755	)		(297	)
General and administrative expenses		18		(6,887	)		(8,545	)		(128	)		(13,780	)		(16,144	)		(242	)
Foreign exchange gains/(losses), net				533			1,281			19			1,863			2,265			34
Results from operating activities				24,249			22,971			346			48,231			45,818			689
Finance expenses		19		(1,589	)		(1,428	)		(21	)		(2,875	)		(2,764	)		(42	)
Finance and other income		20		6,318			5,105			77			11,653			10,305			155
Profit before tax				28,978			26,648			402			57,009			53,359			802
Income tax expense		16		(6,515	)		(5,909	)		(89	)		(12,473	)		(12,031	)		(181	)
Profit for the period				22,463			20,739			313			44,536			41,328			621
Attributable to:
Equity holders of the Company				22,409			20,672			312			44,326			41,190			619
Non-controlling interest				54			67			1			210			138			2
Profit for the period				22,463			20,739			313			44,536			41,328			621
Earnings per equity share:		21
Attributable to equity share holders of the Company
Basic				9.12			8.54			0.13			18.05			16.89			0.25
Diluted				9.10			8.52			0.13			18.01			16.84			0.25
Weighted average number of equity shares used in computing earnings per equity share
Basic				2,456,285,585			2,420,621,137			2,420,621,137			2,456,223,408			2,439,012,817			2,439,012,817
Diluted				2,461,507,934			2,426,812,644			2,426,812,644			2,460,985,436			2,445,466,651			2,445,466,651

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	T K Kurien
Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Chairman & Managing Director	Director	Executive Vice-Chairman
Jamil Khatri	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 102527
Mumbai	Bangalore
October 21, 2016	October 21, 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 September 30,									Six months ended September 30,
	Notes		2015			2016			2016			2015			2016		2016
									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period				22,463			20,739			312			44,536			41,328		621
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)				(64	)		8			—			(723	)		80		1
Net change in fair value of financial instruments through OCI				130			—			—			130			—		—
				66			8			—			(593	)		80		1
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences		15		1,924			(1,410	)		(21	)		3,527			140		2
Net change in fair value of cash flow hedges		13,16		(348	)		1,645			25			(2,347	)		2,615		39
Net change in fair value of financial instruments through OCI		7,16		186			572			9			237			1,197		18
				1,762			807			13			1,417			3,952		59
Total other comprehensive income, net of taxes				1,828			815			13			824			4,032		60
Total comprehensive income for the period				24,291			21,554			325			45,360			45,360		681
Attributable to:
Equity holders of the Company				24,182			21,509			324			45,070			45,221		679
Non-controlling interest				109			45			1			290			139		2
				24,291			21,554			325			45,360			45,360		681

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 Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Azim H Premji Chairman & Managing Director	N Vaghul Director	T K Kurien Executive Vice-Chairman
Jamil Khatri Partner Membership No. 102527	Jatin Pravinchandra Dalal Chief Financial Officer	M Sanaulla Khan Company Secretary
Mumbai October 21, 2016	Bangalore October 21, 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						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
Profit for the period		—		—		—		44,326			—			—		—			—			44,326			210		44,536
Other comprehensive income		—		—		—		—			—			3,447		(2,347	)		(356	)		744			80		824
Total comprehensive income for the period		—		—		—		44,326			—			3,447		(2,347	)		(356	)		45,070			290		45,360
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		851,170		3		304		—			(304	)		—		—			—			3			—		3
Dividends		—		—		—		(20,701	)		—			—		—			—			(20,701	)		—		(20,701	)
Compensation cost related to employee share based payment transactions		—		—		—		48			768			—		—			—			816			—		816
		851,170		3		304		(20,653	)		464			—		—			—			(19,882	)		—		(19,882	)
As at September 30, 2015		2,469,894,208		4,940		14,335		395,139			1,776			14,696		1,203			268			432,357			1,936		434,293
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				75		219		6,033			27			224		18			4			6,600			30		6,629

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						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		—			—			—			41,190			—			—		—		—			41,190			138		41,328
Other comprehensive income		—			—			—			—			—			139		2,615		1,277			4,031			1		4,032
Total comprehensive income for the period		—			—			—			41,190			—			139		2,615		1,277			45,221			139		45,360
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		88,526				^		39			—			(39	)		—		—		—			—			—		—
Issue of shares by controlled trust on exercise of options*		—			—			—			271			(271	)		—		—		—			—			—		—
Buyback of equity shares #		(40,000,000	)		(80	)		(14,254	)		(10,746	)		—			—		—		80			(25,000	)		—		(25,000	)
Dividends		—			—			—			(2,911	)		—			—		—		—			(2,911	)		—		(2,911	)
Compensation cost related to employee share based payment transactions		—			—			—			15			842			—		—		—			857			—		857
		(39,911,474	)		(80	)		(14,215	)		(13,371	)		532			—		—		80			(27,054	)		—		(27,054	)
As at September 30, 2016		2,430,801,816			4,861			427			452,925			2,761			16,255		4,525		1,573			483,327			2,363		485,690
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)					73			6			6,803			41			243		68		24			7,258			35		7,293

* Includes 14,829,824 and 14,051,976 treasury shares as of March 31, 2016 and September 30, 2016, respectively. During the period 777,848 shares have been issued by the controlled trust on exercise of options.

# Refer note 27

^ Value is less than 1

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 Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Azim H Premji Chairman & Managing Director	N Vaghul Director	T K Kurien Executive Vice-Chairman
Jamil Khatri Partner Membership No. 102527	Jatin Pravinchandra Dalal Chief Financial Officer	M Sanaulla Khan Company Secretary
Mumbai October 21, 2016	Bangalore October 21, 2016

6

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

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

	Six months ended September 30,
	2015			2016			2016
							Translation into US$ in millions (Unaudited) Refer note 2(iv)
Cash flows from operating activities:
Profit for the period		44,536			41,328			621
Adjustments:
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net		(6	)		143			2
Depreciation and amortization		6,897			9,514			143
Exchange loss, net		2,317			2,250			34
Gain on sale of investments, net		(1,251	)		(812	)		(12	)
Share based compensation expense		782			831			12
Income tax expense		12,478			12,031			181
Dividend and interest (income)/expenses, net		(9,691	)		(8,538	)		(128	)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(4,663	)		(187	)		(3	)
Unbilled revenue		(5,305	)		(367	)		(6	)
Inventories		(722	)		175			3
Other assets		1,394			41			1
Trade payables, accrued expenses, other liabilities and provisions		2,829			(566	)		(9	)
Unearned revenue		491			(3,048	)		(46	)
Cash generated from operating activities before taxes		50,086			52,795			793
Income taxes paid, net		(12,464	)		(11,992	)		(180	)
Net cash generated from operating activities		37,622			40,803			613
Cash flows from investing activities:
Purchase of property, plant and equipment		(7,498	)		(11,632	)		(175	)
Proceeds from sale of property, plant and equipment		130			168			3
Purchase of investments		(465,235	)		(399,995	)		(6,008	)
Proceeds from sale of investments		376,545			348,262			5,231
Impact of investment hedging activities, net		(99	)		—			—
Proceeds on adjustment of purchase consideration for business combination		—			114			2
Payment for business acquisitions, net of cash acquired		(4,089	)		—			—
Interest received		8,353			9,850			148
Dividend received		54			77			1
Net cash used in investing activities		(91,839	)		(53,156	)		(798	)
Cash flows from financing activities:
Proceeds from issuance of equity shares/shares pending allotment		3				^		—
Repayment of loans and borrowings		(62,648	)		(39,191	)		(589	)
Proceeds from loans and borrowings		76,074			34,933			525
Payment for buy back of shares		—			(25,000	)		—
Interest paid on loans and borrowings		(660	)		(874	)		(13	)
Payment of cash dividend (including dividend tax thereon)		(20,701	)		(2,911	)		(44	)
Net cash used in financing activities		(7,932	)		(33,043	)		(121	)
Net (decrease) in cash and cash equivalents during the period		(62,149	)		(45,396	)		(306	)
Effect of exchange rate changes on cash and cash equivalents		529			355			5
Cash and cash equivalents at the beginning of the period		158,713			98,392			1,478
Cash and cash equivalents at the end of the period (Note 9)		97,093			53,351			1,177

^ Value is less than ₹1

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 Chartered Accountants Firm’s Registration No: 101248W/W- 100022	Azim H Premji Chairman & Managing Director	N Vaghul Director	T K Kurien Executive Vice-Chairman
Jamil Khatri Partner Membership No. 102527	Jatin Pravinchandra Dalal Chief Financial Officer	M Sanaulla Khan Company Secretary
Mumbai October 21, 2016	Bangalore October 21, 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 October 21, 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.

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(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 six months ended September 30, 2016, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 66.58 (March 31, 2016: $ 1 = ₹ 66.25), as published by Federal Reserve Board of Governors on September 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 share based 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.

11

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.

12

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, except for:

IFRS 9 – Financial instruments

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

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 measured 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 and 2016.

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. This reclassification did not have any impact on the carrying value of the said assets as at April 1, 2015.

13

(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 investment in certificate of deposits were reclassified from available for sale to financial assets measured at 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.

(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 (net of deferred tax) 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. 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. Accounting for transactions where the Company is a lessee is expected to be impacted on application of this standard. 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		11		168			1,294			82			(9	)		1,546
Additions		—		207			6,661			426			8			7,302
Additions through business combination		—		14			—			40			1			55
Disposal / adjustments		—		—			(732	)		(427	)		(28	)		(1,187	)
As at September 30, 2015	₹	3,696	₹	24,904		₹	86,817		₹	12,819		₹	802		₹	129,038
Accumulated depreciation/impairment:
As at April 1, 2015	₹	—	₹	4,513		₹	56,629		₹	10,636		₹	809		₹	72,587
Translation adjustment		—		58			815			58			(3	)		928
Depreciation		—		398			5,245			566			11			6,220
Disposal / adjustments		—		(39	)		(698	)		(323	)		(21	)		(1,081	)
As at September 30, 2015	₹	—	₹	4,930		₹	61,991		₹	10,937		₹	796		₹	78,654
Capital work-in-progress															₹	7,019
Net carrying value including Capital work-in-progress as at September 30, 2015															₹	57,403
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			68			7			5			83
Additions		—		642			8,494			969			17			10,122
Disposal / adjustments		—		(8	)		(4,103	)		(380	)		(53	)		(4,544	)
As at September 30, 2016	₹	3,695	₹	26,726		₹	104,039		₹	14,711		₹	558		₹	149,729
Accumulated depreciation/impairment:
As at April 1, 2016	₹	—	₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Translation adjustment		—		3			25			8			2			38
Depreciation		—		506			7,173			530			9			8,218
Disposal / adjustments		—		(7	)		(3,839	)		(344	)		(43	)		(4,233	)
As at September 30, 2016	₹	—	₹	5,846		₹	71,520		₹	11,512		₹	472		₹	89,350
Capital work-in-progress															₹	8,724
Net carrying value including Capital work-in-progress as at September 30, 2016															₹	69,103

* Including computer equipment and software.

15

5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2016		Six months ended September 30, 2016
Balance at the beginning of the period	₹	68,078	₹	101,991
Translation adjustment		3,421		(69	)
Acquisition through business combination, net/adjustments		30,492		(58	)
Balance at the end of the period	₹	101,991	₹	101,864

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2015	₹	10,617		₹	905		₹	11,522
Translation adjustment		60			88			148
Acquisition through business combination		597			741			1,338
As at September 30, 2015	₹	11,274		₹	1,734		₹	13,008
Accumulated amortization and impairment:
As at April 1, 2015	₹	2,936		₹	655		₹	3,591
Translation adjustment		—			48			48
Amortization		554			75			629
As at September 30, 2015	₹	3,490		₹	778		₹	4,268
Net carrying value as at September 30, 2015	₹	7,784		₹	956		₹	8,740
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
Amortization and impairment		1,228			217			1,445
As at March 31, 2016	₹	4,164		₹	942		₹	5,106
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/adjustments		(62	)		—			(62	)
Translation adjustment		(49	)		(21	)		(70	)
As at September 30, 2016	₹	18,249		₹	2,566		₹	20,815
Accumulated amortization and impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		—			(6	)		(6	)
Amortization		1,019			217			1,236
As at September 30, 2016	₹	5,183		₹	1,153		₹	6,336
Net carrying value as at September 30, 2016	₹	13,066		₹	1,413		₹	14,479

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

16

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 strengthens the Company’s digital offerings, combining engineering and transformative technology with human centered-design methods.

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 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 provides 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 ₹ 5,686 (EUR 78.8 million), net of ₹ 114 received during the current period on conclusion of certain closing conditions which has resulted in reduction of goodwill as at September 30, 2016.

17

The following table presents the allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	846	₹	—		₹	846
Customer related intangibles		—		1,001			1,001
Brand		—		317			317
Deferred tax liabilities on intangible assets		—		(391	)		(391	)
Total	₹	846	₹	927			1,773
Goodwill							3,913
Total purchase price						₹	5,686

Net assets acquired include ₹ 367 of cash and cash equivalents and trade receivables valued at ₹ 1,437.

The goodwill of ₹ 3,913 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

During the period ended September 30, 2016, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition.

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.

18

7. Investments

Financial instruments consist of the following:

	As at
	March 31, 2016		September 30, 2016
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds (1)	₹	10,578	₹	83,259
Others		816		544
Financial instruments at FVTOCI
Equity instruments		4,907		5,092
Commercial paper, Certificate of deposits and bonds		121,676		114,443
Financial instruments at amortised cost
Inter corporate and term deposits (2) (3)		71,174		60,253
	₹	209,151	₹	263,591
Current		204,244		258,499
Non-current		4,907		5,092

⁽¹⁾ Investments in liquid and short-term mutual funds include investments amounting to ₹ 113 (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 ₹ 398 (March 31, 2016: ₹ 300).

8. Inventories

Inventories consist of the following:

	As at
	March 31, 2016		September 30, 2016
Stores and spare parts	₹	871	₹	876
Raw materials and components		2		1
Finished goods and traded goods		4,517		4,338
	₹	5,390	₹	5,215

9. Cash and cash equivalents

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

	As at
	March 31, 2016		September 30, 2016
Cash and bank balances	₹	63,518	₹	23,767
Demand deposits with banks (1) (2)		35,531		31,400
	₹	99,049	₹	55,167

⁽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 ₹ Nil (March 31, 2016: ₹ 3).

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

	As at
	September 30, 2015			September 30, 2016
Cash and cash equivalents	₹	100,486		₹	55,167
Bank overdrafts		(3,393	)		(1,816	)
	₹	97,093		₹	53,351

19

10. Other assets

	As at
	March 31, 2016		September 30, 2016
Current
Prepaid expenses and Deposits	₹	14,518		14,684
Due from officers and employees		3,780		3,097
Finance lease receivables		2,034		1,865
Advance to suppliers		1,507		1,364
Deferred contract costs		3,720		4,173
Interest receivable		2,488		1,946
Balance with excise, customs and other authorities		1,814		2,106
Others(1)		3,033		3,010
	₹	32,894	₹	32,245
Non-current
Prepaid expenses including rentals for leasehold land and deposits	₹	8,534	₹	10,067
Finance lease receivables		2,964		2,856
Deferred contract costs		3,807		3,537
Others		523		313
	₹	15,828	₹	16,773
Total	₹	48,722	₹	49,018

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

11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31, 2016		September 30, 2016
Borrowings from banks	₹	105,661	₹	104,420
External commercial borrowings		9,938		9,993
Obligations under finance leases		8,963		9,192
Term loans		659		999
Total loans and borrowings	₹	125,221	₹	124,604

12. Other liabilities and provisions

	As at
	March 31, 2016		September 30, 2016
Other liabilities:
Current:
Statutory and other liabilities	₹	3,871	₹	2,839
Employee benefit obligations		5,494		6,010
Advance from customers		2,283		1,993
Others		2,173		1,978
	₹	13,821	₹	12,820
Non-current:
Employee benefit obligations	₹	4,618	₹	4,684
Others		2,607		2,585
	₹	7,225	₹	7,269
Total	₹	21,046	₹	20,089

20

	As at
	March 31, 2016		September 30, 2016
Provisions:
Current:
Provision for warranty	₹	388	₹	381
Others		874		805
	₹	1,262	₹	1,186
Non-current:
Provision for warranty	₹	14	₹	14
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.

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

	As at
	March 31, 2016		September 30, 2016
Designated derivative instruments
Sell	$	922	$	916
	£	248	£	265
	€	278	€	248
	AUD	139	AUD	129
	SAR	19	SAR	—
	AED	7	AED	—
Interest rate swaps	$	150	$	150
Non designated derivative instruments
Sell	$	1,298	$	850
	£	55	£	56
	€	87	€	78
	AUD	35	AUD	45
	¥	490	¥	490
	SGD	3	SGD	3
	ZAR	110	ZAR	285
	CAD	11	CAD	11
	CHF	10	CHF	10
	SAR	58	SAR	49
	AED	7	AED	74
	PLN	—	PLN	31
Buy	$	822	$	810

21

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 September 30,
	2015			2016
Balance as at the beginning of the period	₹	4,268		₹	2,367
Deferred cancellation gain/(loss)		48			80
Changes in fair value of effective portion of derivatives		(1,206	)		5,215
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions		(1,664	)		(2,326	)
Gain/(loss) on cash flow hedging derivatives, net	₹	(2,822	)	₹	2,969
Balance as at the end of the period	₹	1,446		₹	5,336
Deferred tax asset/(liability) thereon	₹	(243	)	₹	(811	)
Balance as at the end of the period, net of deferred tax	₹	1,203		₹	4,525

As at March 31, 2016, September 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.

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 September 30, 2016
	Fair value measurements at reporting date using								Fair value measurements at reporting date using
Particulars	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Derivative instruments:
Cash flow hedges	₹	3,072	₹	—	₹	3,072	₹	—	₹	5,392	₹	—	₹	5,392	₹	—
Others		2,737		—		2,179		558		1,454		—		896		558
Investments:
Investment in liquid and short-term mutual funds		10,578		10,578		—		—		83,259		83,259		—		—

22

	As at March 31, 2016											As at September 30, 2016
	Fair value measurements at reporting date using											Fair value measurements at reporting date using
Particulars	Total			Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3
Other investments		816			—		816			—			544			—		544			—
Investment in equity instruments		4,907			—		—			4,907			5,092			—		—			5,092
Commercial paper, Certificate of deposits and bonds		121,676			1,094		120,582			—			114,443			2,062		112,381			—
Liabilities
Derivative instruments:
Cash flow hedges		(706	)		—		(706	)		—			(135	)		—		(135	)		—
Others		(1,753	)		—		(1,753	)		—			(2,444	)		—		(2,444	)		—
Contingent consideration		(2,251	)		—		—			(2,251	)		(2,396	)		—		—			(2,396	)

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 September 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 the reporting date.

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	)
Balance as on March 31, 2016	₹	4,907	₹	558	₹	(2,251	)
Additions/(Deletions)		185		—		—
Gain/loss recognized in foreign currency translation reserve		—		—		(22	)
Finance expense recognized in statement of income		—		—		(123	)
Closing balance as on September 30, 2016		5,092		558		(2,396	)

23

Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Movement by			Increase (₹)			Decrease (₹)
Unquoted equity investments	Discounted cash flow model Market multiple approach	Long term growth rate		0.5	%		57			(53	)
		Discount rate		0.5	%		(95	)		103
		Revenue multiple		0.5x			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
	September 30, 2015			September 30, 2016
Balance at the beginning of the period	₹	11,249		₹	16,116
Translation difference related to foreign operations, net		4,017			194
Change in effective portion of hedges of net investment in foreign operations		(570	)		(55	)
Total change during the period	₹	3,447		₹	139
Balance at the end of the period	₹	14,696		₹	16,255

16. Income taxes

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

	Three months ended September 30,					Six months ended September 30,
	2015			2016		2015			2016
Income tax expense as per the statement of income	₹	6,515		₹	5,909	₹	12,473		₹	12,031
Income tax included in other comprehensive income on:
Unrealized gain on investment securities		169			303		62			629
Gain / (loss) on cash flow hedging derivatives		(82	)		398		(475	)		354
Defined benefit plan actuarial gains / (losses)		(18	)		2		(204	)		24
Total income taxes	₹	6,584		₹	6,612	₹	11,856		₹	13,038

Income tax expense consists of the following:

	Three months ended September 30,						Six months ended September 30,
	2015			2016			2015			2016
Current taxes
Domestic	₹	5,322		₹	5,030		₹	10,155		₹	9,771
Foreign		1,374			1,291			2,544			2,935
	₹	6,696		₹	6,321		₹	12,699		₹	12,706
Deferred taxes
Domestic	₹	(137	)	₹	(95	)	₹	(222	)	₹	(336	)
Foreign		(44	)		(317	)		(4	)		(339	)
	₹	(181	)	₹	(412	)	₹	(226	)	₹	(675	)
Total income tax expense	₹	6,515		₹	5,909		₹	12,473		₹	12,031

24

Income tax expense is net of reversal of provisions recorded in earlier periods, which are no longer required, amounting to ₹ 270 and ₹ 475 for the three months ended September 30, 2015 and 2016 respectively and ₹ 625 and ₹ 663 the six months ended September 30, 2015 and 2016 respectively.

17. Revenues

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Rendering of services	₹	119,468	₹	129,613	₹	233,334	₹	258,934
Sale of products		5,667		8,044		14,177		14,715
Total revenues	₹	125,135	₹	137,657	₹	247,511	₹	273,649

18. Expenses by nature

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Employee compensation	₹	61,314	₹	67,105	₹	120,321	₹	133,282
Sub-contracting/technical fees		15,880		19,919		30,441		40,279
Cost of hardware and software		5,375		7,502		13,565		14,057
Travel		5,984		5,036		11,641		10,565
Facility expenses		4,060		4,726		8,125		9,714
Depreciation and amortization		3,530		4,849		6,897		9,514
Communication		1,281		1,272		2,559		2,560
Legal and professional fees		943		1,232		1,923		2,514
Rates, taxes and insurance		636		673		1,296		1,210
Advertisement		618		749		1,051		1,518
Provision for doubtful debt		484		1,175		743		1,464
Miscellaneous expenses		1,314		1,729		2,581		3,419
Total cost of revenues, selling and marketing and general and administrative expenses	₹	101,419	₹	115,967	₹	201,143	₹	230,096

19. Finance expense

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Interest expense	₹	325	₹	543	₹	641	₹	955
Exchange fluctuation on foreign currency borrowings, net		1,264		885		2,234		1,809
Total	₹	1,589	₹	1,428	₹	2,875	₹	2,764

20. Finance and other income

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Interest income	₹	5,328	₹	4,195	₹	10,131	₹	8,927
Dividend income		28		53		54		77
Unrealized gains/losses on financial instruments measured at fair value through profit or loss		124		413		217		489
Gain on sale of investments		838		444		1,251		812
Total	₹	6,318	₹	5,105	₹	11,653	₹	10,305

25

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 September 30,				Six months ended September 30,
	2015		2016		2015		2016
Profit attributable to equity holders of the Company	₹	22,409	₹	20,672	₹	44,326	₹	41,190
Weighted average number of equity shares outstanding		2,456,285,585		2,420,621,137		2,456,223,408		2,439,012,817
Basic earnings per share	₹	9.12	₹	8.54	₹	18.05	₹	16.89

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 September 30,				Six months ended September 30,
	2015		2016		2015		2016
Profit attributable to equity holders of the Company	₹	22,409	₹	20,672	₹	44,326	₹	41,190
Weighted average number of equity shares outstanding		2,456,285,585		2,420,621,137		2,456,223,408		2,439,012,817
Effect of dilutive equivalent share options		5,222,349		6,191,507		4,762,028		6,453,834
Weighted average number of equity shares for diluted earnings per share		2,461,507,934		2,426,812,644		2,460,985,436		2,445,466,651
Basic earnings per share	₹	9.10	₹	8.52	₹	18.01	₹	16.84

22. Employee benefits

a) Employee costs include:

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Salaries and bonus	₹	59,510	₹	64,955	₹	116,852	₹	129,010
Employee benefit plans
Gratuity		278		241		464		532
Contribution to provident and other funds		1,226		1,503		2,223		2,909
Share based compensation		300		406		782		831
	₹	61,314	₹	67,105	₹	120,321	₹	133,282

26

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

	Three months ended September 30,				Six months ended September 30,
	2015		2016		2015		2016
Cost of revenues	₹	51,888	₹	56,403	₹	101,835	₹	112,212
Selling and marketing expenses		6,027		6,849		11,775		13,586
General and administrative expenses		3,399		3,853		6,711		7,484
	₹	61,314	₹	67,105	₹	120,321	₹	133,282

The Company has granted 104,000 and 104,000 options under RSU option plan during the three and six months ended September 30, 2016 respectively (83,000 and 2,830,400 for the three and six months ended September 30, 2015); 188,000 and 195,500 options under ADS option plan during the three and six months ended September 30, 2016 respectively (10,000 and 1,497,700 for three and six months ended September 30, 2015).

23. Commitments and contingencies

Capital commitments: As at March 31, 2016 and September 30, 2016, the Company had committed to spend approximately ₹ 10,734 and ₹ 13,337 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 September 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 ₹ 22,935 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.

27

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to ₹ 2,654 and ₹ 2,527 as of March 31, 2016 and September 30, 2016.

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, The Company realigned its 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 September 30, 2015 is as follows:

	IT Services																IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		32,252		13,746		19,510		17,664		28,146		9,110		—		120,428		5,442			(202	)		125,668
Segment Result		6,882		3,023		3,238		3,272		6,370		1,554		—		24,339		(244	)		(123	)		23,972
Unallocated																277		—			—			277
Segment Result Total																24,616		(244	)		(123	)		24,249
Finance expense																								(1,589	)
Finance and other income																								6,318
Profit before tax																								28,978
Income tax expense																								(6,515	)
Profit for the period																								22,463
Depreciation and amortization																								3,530

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

	IT Services																	IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		33,583		20,883		20,708		16,881		29,463		9,848		—		131,366			7,666			(94	)		138,938
Segment Result		6,379		3,234		3,584		3,443		6,175		1,594		—		24,409			(298	)		(103	)		24,008
Unallocated																(1,037	)		—			—			(1,037	)
Segment Result Total																23,372			(298	)		(103	)		22,971
Finance expense																									(1,428	)
Finance and other income																									5,105
Profit before tax																									26,648
Income tax expense																									(5,909	)
Profit for the period																									20,739
Depreciation and amortization																									4,849

Information on reportable segment for the six months ended September 30, 2015 is as follows:    

	IT Services																IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		63,273		26,734		38,210		35,240		55,109		17,635		—		236,201		13,616			(443	)		249,374
Segment Result		13,829		5,777		6,320		6,859		12,203		2,801		—		47,789		(141	)		(225	)		47,423
Unallocated																808		—			—			808
Segment Result Total																48,597		(141	)		(225	)		48,231
Finance expense																								(2,875	)
Finance and other income																								11,653
Profit before tax																								57,009
Income tax expense																								(12,473	)
Profit for the period																								44,536
Depreciation and amortization																								6,897

Information on reportable segment for the six months ended September 30, 2016 is as follows:

	IT Services																	IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		67,213		40,814		41,433		34,237		59,001		19,760		—		262,458			13,596			(140	)		275,914
Segment Result		13,373		6,090		7,359		6,468		12,129		3,096		—		48,515			(666	)		(157	)		47,692
Unallocated																(1,874	)		—			—			(1,874	)
Segment Result Total																46,641			(666	)		(157	)		45,818
Finance expense																									(2,764	)
Finance and other income																									10,305
Profit before tax																									53,359
Income tax expense																									(12,031	)
Profit for the period																									41,328
Depreciation and amortization																									9,514

29

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 September 30				Six months ended September 30
	2015		2016		2015		2016
India	₹	12,073	₹	11,729	₹	25,427	₹	24,528
Americas		64,094		72,879		125,155		143,135
Europe		30,629		32,985		60,635		66,566
Rest of the world		18,872		21,345		38,157		41,685
	₹	125,668	₹	138,938	₹	249,374	₹	275,914

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 and six months ended September 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 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 September 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

30

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	Wipro Insurance Solutions LLC		USA
	Wipro Data Centre and Cloud Services, Inc.		USA
	Wipro IT Services, Inc.		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 Technology Austria GmbH(A)	Austria
		Wipro Digital Aps (A)	Denmark
		Wipro Europe Limited	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		Hungary
	Korlátolt Felelősségű Társaság
	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
	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

31

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		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	Peru
		S.A.C
	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	Germany
		GmbH
		Cellent AG Austria(A)	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN		Malaysia
	BHD
Wipro Chengdu Limited			China
Wipro Airport IT Services Limited*			India

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

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

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

^(A)  Step Subsidiary details of Wipro Information Technogoty Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Digital Aps, Cellent AG Austria and HPH Holdings Corp. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information Technology 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.

32

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	Wipro do Brasil Technologia Ltda			Brazil
	Wipro Technologies Gmbh			Germany
	Wipro Do Brasil			Brazil
	Sistemetas De Informatica Ltd
Wipro Digital Aps				Denmark
	Designit A/S			Denmark
		Designit Denmark A/S		Denmark
		Designit MunchenGmbH		Germany
		Designit Oslo A/S		Norway
		Designit Sweden AB		Sweden
		Designit T.L.V Ltd.		Israel
		Designit Tokyo Ltd.		Japan
		Denextep Spain		Spain
		Digital, S.L
			Designit Colombia S A S	Colombia
Cellent AG Austria				Austria
	Frontworx			Austria
	Informationstechnologie AG
HPH Holdings Corp.				USA
	Healthplan Holdings, Inc.			USA
	Healthplan Services			USA
	Insurance Agency, Inc.
	Healthplan Services, Inc.			USA
	Harrington Health Services Inc.			USA

26. Bank balances

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

Bank Name	In Current Account		In Deposit Account		Total
CITI Bank	₹	12,840	₹	595	₹	13,435
ICICI Bank		3		7,917		7,920
Yes Bank		—		7,450		7,450
HSBC		4,824		2,310		7,134
Indusind Bank		—		3,500		3,500
Kotak Mahindra Bank		97		3,000		3,097
Axis Bank		6		2,440		2,446
Corporation Bank		—		2,000		2,000
Wells Fargo Bank		1,744		—		1,744
ANZ Bank		73		1,636		1,709
Bank of Montreal		477		—		477
Deutsche Bank		429		—		429
Saudi British Bank		192		231		423
HDFC Bank		224		125		349
Standard Chartered Bank		318		—		318
Uni Credit Bank		209		—		209
Indian Overseas Bank		1		196		197
Funds in Transit		724		—		724
Others including cash and cheques on hand		1,606		—		1,606
Total	₹	23,767	₹	31,400	₹	55,167

33

27. Buyback of equity shares

During the current period, the Company has concluded the buyback of 40 million equity shares as approved by the Board of Directors on April 20, 2016. This has resulted in a total cash outflow of ₹ 25,000. In line with the requirement of the Companies Act 2013, an amount of ₹ 14,254 and ₹ 10,666 has been utilized from the share premium account and retained earnings respectively. Further, capital redemption reserves (included in other reserves) of ₹ 80 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buy back, share capital has reduced by ₹ 80.

28. Event after the reporting period

On October 20, 2016 the Company entered in to definitive agreement to acquire Appirio, a global cloud services company for a consideration of US $ 500 million. The acquisition will strengthen Wipro’s cloud transformation practices.

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	T K Kurien
Chartered Accountants	Chairman	Director	Executive Vice-Chairman
Firm’s Registration No: 101248W/W-100022	& Managing Director
Jamil Khatri	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 102527
Mumbai	Bangalore
October 21, 2016	October 21, 2016

34

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 CONSOLIDATED FINANCIAL RESULTS FOR THE FOR THE QUARTER AND SIX MONTHS ENDED SEPTEMBER 30, 2016 UNDER IFRS (IASB)

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

		Quarter ended									Six months ended						Year ended
	Particulars	September 30, 2016			June 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015			March 31, 2016
1	Income from operations
	a) Net Sales/income from operations (net of excise duty)		138,938			136,976			125,668			275,914			249,374			516,307
	b) Other operating income		—			—			—			—			—			—
	Total income from operations (net)		138,938			136,976			125,668			275,914			249,374			516,307
2	Expenses
	a) Cost of materials consumed		—			—			—			—			1			2
	b) Purchase of stock-in-trade		6,206			7,580			6,241			13,786			14,241			30,552
	c) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		1,248			(1,069	)		(836	)		179			(739	)		(605	)
	d) Employee benefit expense		67,105			66,177			61,314			133,282			120,321			245,534
	e) Depreciation and amortisation expense		4,849			4,665			3,530			9,514			6,897			14,965
	f) Sub contracting/technical fees/third party application		19,919			20,360			15,880			40,279			30,441			67,769
	g) Other expenses		16,640			16,416			15,290			33,056			29,981			61,230
	Total expenses		115,967			114,129			101,419			230,096			201,143			419,447
3	Profit from operations before other income, finance costs and exceptional items (1-2)		22,971			22,847			24,249			45,818			48,231			96,860
4	Other Income		5,105			5,200			6,318			10,305			11,653			23,655
5	Profit from ordinary activities before finance costs and exceptional items (3+4)		28,076			28,047			30,567			56,123			59,884			120,515
6	Finance Costs		1,428			1,336			1,589			2,764			2,875			5,582
7	Profit from ordinary activities after finance costs but before exceptional items (5-6)		26,648			26,711			28,978			53,359			57,009			114,933
8	Exceptional items		—			—			—			—			—			—
9	Profit from ordinary activities before tax (7+8)		26,648			26,711			28,978			53,359			57,009			114,933
10	Tax expense		5,909			6,122			6,515			12,031			12,473			25,366
11	Net profit from ordinary activities after tax (9-10)		20,739			20,589			22,463			41,328			44,536			89,567
12	Extraordinary items (net of tax expense)		—			—			—			—			—			—
13	Net profit for the period (11+12)		20,739			20,589			22,463			41,328			44,536			89,567
14	Share of Profit/(loss) of associates		—			—			—						—			—
15	Minority interest		(67	)		(71	)		(54	)		(138	)		(210	)		(492	)
16	Net profit after taxes, minority interest and share of profit of associates (13+14+15)		20,672			20,518			22,409			41,190			44,326			89,075
17	Paid up equity share capital (Face value ₹ 2 per share)		4,861			4,941			4,940			4,861			4,940			4,941
18	Reserves excluding revaluation reserves																	460,219
19	EARNINGS PER SHARE (EPS) (of ₹ 2/- each) (not annualised) Before extraordinary items
	Basic (in ₹)		8.54			8.35			9.12			16.89			18.05			36.26
	Diluted (in ₹)		8.52			8.33			9.10			16.84			18.01			36.19
	After extraordinary items (of ₹ 2/- each) (not annualised)
	Basic (in ₹)		8.54			8.35			9.12			16.89			18.05			36.26
	Diluted (in ₹)		8.52			8.33			9.10			16.84			18.01			36.19

1

1. The audited consolidated interim financial results of the Company for the quarter ended September 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on October 21, 2016. The statutory auditors have expressed an unqualified audit opinion on these financial results.

2. The above consolidated interim financial results have been prepared from the condensed consolidated interim financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). Effective April 1, 2016, the Company has early adopted IFRS 9, Financial Instruments. The comparative information has been adjusted to effect this change retrospectively.

3. The total revenue from operations represent the aggregate revenue and includes foreign exchange gains/(losses), net amounting to ₹ 1,281, ₹ 984 and ₹ 533 for the quarter ended September 30, 2016, June 30, 2016 and September 30, 2015, respectively, ₹ 2,265 and ₹ 1,863 for the half year ended September 30, 2016 and September 30, 2015 and ₹ 3,867 for the year ended March 31, 2016.

4. List of subsidiaries as of September 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		USA
	Wipro Data Centre and Cloud Services, Inc.		USA
	Wipro IT Services, Inc.		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 Technology Austria GmbH(A)	Austria
		Wipro Digital Aps (A)	Denmark
		Wipro Europe Limited	U.K.
		Wipro Promax Analytics Solutions (Europe) Limited	U.K.

2

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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
	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 PT WT Indonesia Wipro Australia Pty Limited Wipro (Thailand) Co Limited Wipro Bahrain Limited WLL Wipro Gulf LLC		Romania Indonesia Australia Thailand Bahrain Sultanate of Oman
	Rainbow Software LLC		Iraq
	Cellent AG		Germany Germany

3

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Cellent Mittelstandsberatung GmbH Cellent AG Austria(A)	Austria
Wipro Networks Pte Limited	Wipro (Dalian) Limited Wipro Technologies SDN BHD		Singapore China Malaysia
Wipro Chengdu Limited			China
Wipro Airport IT Services Limited*			India

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

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

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

^(A)  Step Subsidiary details of Wipro Information Technogoty Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Digital Aps, Cellent AG Austria and HPH Holdings Corp. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information Technogoty Austria GmbH	Wipro Technologies Austria GmbH New Logic Technologies SARL			Austria Austria France
Wipro Europe Limited	Wipro UK Limited			U.K. U.K.
Wipro Portugal S.A.				Portugal
	Wipro Retail UK Limited			U.K.
	Wipro do Brasil			Brazil
	Technologia Ltda
	Wipro Technologies			Germany
	Gmbh			Brazil
	Wipro Do Brasil
	Sistemetas De Informatica Ltd

4

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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	Designit Colombia S A S	Denmark Denmark Denmark Germany Norway Sweden Israel Japan Spain 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

5. 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.

5

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 quarter ended September 30, 2016, June 30, 2016 and September 30, 2015, half year ended September 30, 2016 and September 30, 2015 and year ended March 31, 2016 is as follows:

	Quarter ended									Six months ended						Year ended
	September 30, 2016			June 30, 2016			September 30, 2015			September 30, 2016			September 30, 2015			March 31, 2016
Particulars	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		33,583			33,630			32,252			67,213			63,273			128,147
HLS		20,883			19,931			13,746			40,814			26,734			58,358
CBU		20,708			20,725			19,510			41,433			38,210			79,514
ENU		16,881			17,356			17,664			34,237			35,240			70,866
MNT		29,463			29,538			28,146			59,001			55,109			113,422
COMM		9,848			9,912			9,110			19,760			17,635			37,009
Others		—			—			—			—			—			—
Total of IT Services		131,366			131,092			120,428			262,458			236,201			487,316
IT Products		7,666			5,930			5,442			13,596			13,616			29,722
Reconciling Items		(94	)		(46	)		(202	)		(140	)		(443	)		(731	)
Total		138,938			136,976			125,668			275,914			249,374			516,307
Segment Result
IT Services
BFSI		6,379			6,994			6,882			13,373			13,829			27,902
HLS		3,234			2,856			3,023			6,090			5,777			12,009
CBU		3,584			3,775			3,238			7,359			6,320			13,590
ENU		3,443			3,025			3,272			6,468			6,859			13,475
MNT		6,175			5,954			6,370			12,129			12,203			24,223
COMM		1,594			1,502			1,554			3,096			2,801			5,990
Others		—			—			—			—			—			—
Unallocated		(1,037	)		(837	)		277			(1,874	)		808			1,064
Total of IT Services		23,372			23,269			24,616			46,641			48,597			98,253
IT Products		(298	)		(368	)		(244	)		(666	)		(141	)		(1,007	)
Reconciling Items		(103	)		(54	)		(123	)		(157	)		(225	)		(386	)
Total		22,971			22,847			24,249			45,818			48,231			96,860
Finance Expense		(1,428	)		(1,336	)		(1,589	)		(2,764	)		(2,875	)		(5,582	)
Finance and Other Income		5,105			5,200			6,318			10,305			11,653			23,655
Profit before tax		26,648			26,711			28,978			53,359			57,009			114,933

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.

6

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 amounting to ₹ 1,281, ₹ 984 and ₹ 533 for the quarter ended September 30, 2016, June 30, 2016 and September 30, 2015, respectively, ₹ 2,265 and ₹ 1,863 for the half year ended September 30, 2016 and September 30, 2015 and ₹ 3,867 for the year ended March 31, 2016 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 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.

7

6. Consolidated Statement of Assets and liabilities

	Particulars	As at September 30, 2016		As at March 31, 2016
I.	EQUITY AND LIABILITIES
1.	Shareholder’s funds
	Share capital		4,861		4,941
	Reserves and surplus		478,466		460,219
			483,327		465,160
2.	Minority Interest		2,363		2,224
3.	Non- current liabilities
	Long-term borrowings		18,004		17,361
	Deferred tax liabilities		4,436		5,108
	Other long term liabilities		7,295		7,344
	Long-term provisions		7,809		8,245
			37,544		38,058
4.	Current liabilities
	Short term borrowings		106,600		107,860
	Trade payables and accrued expense		68,487		68,187
	Other current liabilities		30,426		34,237
	Short term provisions		9,996		8,277
			215,509		218,561
	TOTAL EQUITY AND LIABILTIES		738,743		724,003
II	ASSETS
1.	Non-current assets
	Fixed assets
	Tangible assets		69,103		64,952
	Intangible assets		14,479		15,841
	Goodwill		101,864		101,991
	Non-current investments		5,092		4,907
	Deferred tax assets		3,530		4,286
	Long-term loans and advances		11,938		11,751
	Other non-current assets		16,873		16,088
			222,879		219,816
2.	Current assets
	Current investments		258,499		204,244
	Inventories		5,215		5,390
	Trade receivables		101,170		100,976
	Cash and bank balances		55,167		99,049
	Short-term loans and advances		8,131		7,812
	Other current assets		87,682		86,716
			515,864		504,187
	TOTAL ASSETS		738,743		724,003

8

7. Buyback of equity shares

During the current period, the Company has concluded the buyback of 40 million equity shares as approved by the Board of Directors on April 20, 2016. This has resulted in a total cash outflow of ₹ 25,000. In line with the requirement of the Companies Act 2013, an amount of ₹ 14,254 and ₹ 10,666 has been utilized from the share premium account and retained earnings respectively. Further, capital redemption reserves (included in other reserves) of ₹ 80 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buy back, share capital has reduced by ₹ 80.

8. Event after the reporting period

On October 20, 2016 the Company entered in to definitive agreement to acquire Appirio Inc., a global cloud services company for a consideration of US $ 500 million. The acquisition will strengthen Wipro’s cloud transformation practices.

By order of the Board,	For Wipro Limited
	Azim H Premji
Place: Bangalore	Chairman &
Date: October 21, 2016	Managing Director

9

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter ended September 30, 2016

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 16-17						FY 15-16
		Q2			Q1			FY			Q4			Q3			Q2			Q1
Revenue & OM%	IT Services Revenues ($M)		1,916.3			1,930.8			7,346.3			1,882.0			1,838.3			1,831.9			1,794.1
	Sequential Growth		-0.8	%		2.6	%		3.7	%		2.4	%		0.3	%		2.1	%		1.1	%
	Sequential Growth in Constant Currency*		0.9	%		2.0	%		7.6	%		2.7	%		1.4	%		3.1	%		0.2	%
	Operating Margin%**		17.8	%		17.8	%		20.2	%		19.7	%		19.9	%		20.4	%		20.7	%
Service Line MIx	Practices^
	Analytics		7.3	%		7.4	%		7.4	%		7.2	%		7.4	%		7.5	%		7.5	%
	Application Services		43.8	%		44.7	%		46.6	%		45.3	%		46.7	%		46.8	%		47.5	%
	Business Process Services		13.4	%		12.9	%		9.8	%		10.6	%		9.8	%		9.8	%		9.3	%
	Global Infrastructure Services		28.2	%		27.9	%		28.3	%		28.9	%		28.1	%		28.0	%		28.0	%
	Product Engineering		7.3	%		7.1	%		7.9	%		8.0	%		8.0	%		7.9	%		7.7	%
SBU MIx	Strategic Business Units***
	Communications		7.5	%		7.6	%		7.6	%		7.7	%		7.7	%		7.6	%		7.4	%
	Consumer		15.7	%		15.8	%		16.3	%		16.4	%		16.5	%		16.2	%		16.2	%
	Energy, Natural Resources & Utilities		12.9	%		13.2	%		14.6	%		14.0	%		14.4	%		14.7	%		15.2	%
	Finance Solutions		25.5	%		25.6	%		26.3	%		25.4	%		26.2	%		26.7	%		26.8	%
	Healthcare, Life Sciences & Services		16.0	%		15.3	%		12.0	%		13.3	%		12.0	%		11.4	%		11.2	%
	Manufacturing & Technology		22.4	%		22.5	%		23.2	%		23.2	%		23.2	%		23.4	%		23.2	%
Geography MIx	Geography
	Americas		54.8	%		53.5	%		52.7	%		52.5	%		52.8	%		53.0	%		52.5	%
	APAC and Other Emerging Markets		10.8	%		10.7	%		11.2	%		10.9	%		11.4	%		11.2	%		11.3	%
	Europe		24.0	%		25.4	%		25.3	%		25.6	%		24.8	%		25.2	%		25.6	%
	India & Middle East business		10.4	%		10.4	%		10.8	%		11.0	%		11.0	%		10.6	%		10.6	%
Guidance	Guidance ($MN)		1,931-1,950			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 ($MN)		1,899-1,918			1,912-1,950						1,869-1,906			1,821-1,858			1,803-1,839			1,781-1,809
	IT Services Revenues ($M)		1,916.3			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		8			9			9			9			9			10			10
	> $75M		19			19			18			18			17			17			17
	> $50M		33			33			33			33			32			31			30
	> $20M		91			91			89			89			85			85			86
	> $10M		171			170			160			160			154			154			151
	> $5M		258			252			248			248			247			244			244
	> $3M		341			336			331			331			325			321			314
	> $1M		571			565			550			550			536			533			537
	Revenue from Existing customers %		98.6	%		99.7	%		98.1	%		96.5	%		97.9	%		98.5	%		99.6	%
	Number of new customers		47			50			261			119			39			67			36
Customer Metrics	Total Number of active customers		1180			1208			1223			1223			1105			1100			1071
	Customer Concentration
	Top customer		2.6	%		2.5	%		3.1	%		2.7	%		3.2	%		3.1	%		3.3	%
	Top 5		10.1	%		10.3	%		11.6	%		11.0	%		11.5	%		11.7	%		12.2	%
	Top 10		17.5	%		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 effective April 1, 2016 and therefore the growth rates (YoY) may not be comparable.

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		FY 16-17						FY 15-16
		Q2			Q1			FY			Q4			Q3			Q2			Q1
Currency Mix	% of Revenue
	USD		61	%		60	%		60	%		60	%		60	%		60	%		61	%
	GBP		10	%		11	%		12	%		11	%		12	%		13	%		14	%
	EUR		9	%		9	%		8	%		9	%		8	%		8	%		7	%
	INR		8	%		8	%		7	%		7	%		7	%		7	%		6	%
	AUD		4	%		4	%		4	%		4	%		4	%		4	%		4	%
	CAD		2	%		2	%		2	%		2	%		2	%		2	%		2	%
	Others		6	%		6	%		7	%		7	%		7	%		6	%		6	%
Employee Metrics	Closing Head Count - IT Services		174,238			173,863			172,912			172,912			170,664			168,396			161,789
	Utilization
	(IT Services excl BPS, IFOX, Designit, cellent, HPS and India & Middle East)
	Gross Utilization		71.2	%		69.9	%		68.8	%		68.1	%		66.4	%		69.5	%		71.3	%
	Net Utilization (excl Support)		80.2	%		78.8	%		76.6	%		76.1	%		73.8	%		77.2	%		79.4	%
	Net Utilization (Excluding Trainees)		82.8	%		79.7	%		79.9	%		77.5	%		78.0	%		82.3	%		81.9	%
	Attrition
	IT Services excl BPS, Designit, cellent and HPS
	Voluntary TTM		16.6	%		16.5	%		16.1	%		16.1	%		16.3	%		16.3	%		16.4	%
	Voluntary Quarterly Annualized		17.2	%		17.9	%		16.1	%		14.9	%		16.3	%		17.0	%		16.4	%
	BPS % - Quarterly		12.2	%		11.7	%		11.0	%		11.1	%		9.9	%		10.2	%		12.0	%
	BPS % - Post Training Quarterly		10.8	%		9.0	%		9.3	%		9.9	%		8.8	%		8.5	%		9.3	%
	Sales & Support Staff - IT Services (avg)		14,543			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		56.4	%		56.0	%		55.2	%		56.9	%		55.9	%		53.4	%		54.5	%
	Onsite Revenue - % of Services		53.9	%		54.4	%		54.1	%		54.2	%		53.8	%		53.9	%		54.6	%
	Off shore Revenue - % of Services		46.1	%		45.6	%		45.9	%		45.8	%		46.2	%		46.1	%		45.4	%

C. Growth Metrics For Quarter ended September 30, 2016
							Constant			Constant
	Seq %			YoY%			Currency			Currency
							Seq %			YoY %
IT Services		-0.8	%		4.6	%		0.9	%		7.2	%
Verticals
Communications		-1.4	%		3.7	%		1.1	%		8.2	%
Consumer Business Unit		-1.0	%		1.6	%		0.4	%		3.7	%
Energy, Natural Resources & Utilities		-3.5	%		-8.2	%		1.3	%		-1.8	%
Finance Solutions		-1.2	%		-0.3	%		0.7	%		2.8	%
Healthcare, Life Sciences & Services		3.9	%		46.3	%		4.3	%		46.9	%
Manufacturing and Technology		-1.3	%		0.3	%		-1.0	%		0.5	%
Geography
Americas		1.6	%		8.1	%		1.8	%		8.4	%
APAC and Other Emerging Markets		0.3	%		1.0	%		-0.1	%		0.2	%
Europe		-6.0	%		-0.4	%		0.3	%		9.0	%
India & Middle East business		-1.1	%		2.8	%		-1.1	%		4.3	%
Practices^
Analytics		-2.1	%
Application Services		-2.6	%
Business Process Services		3.3	%
Global Infrastructure Services		0.4	%
Product Engineering		0.7	%

D. Annexure to Datasheet
Segment-wise breakup of Cost of Revenues, S&M and G&A Particulars	Q2 FY 16-17 (INR Mn.)
	IT Services		IT Products		Reconciling Items		Total
Cost of revenues		90,767		7,010		31		97,808
Selling and marketing expenses		9,510		128		-24		9,614
General and administrative expenses		7,717		826		2		8,545
Total		107,994		7,964		9		115,967

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EX-99.7

Exhibit 99.7

Wipro to acquire Appirio, A Global Cloud Services Company

Bangalore, India and Indianapolis, USA. October 20, 2016— Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Appirio, a global cloud services company that creates next generation worker and customer experiences for a purchase consideration of USD 500 Million.

Established in 2006, Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo and has 1250 employees worldwide. Appirio is a trusted partner to some of the world’s leading brands, including Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation.

Once completed, Wipro’s acquisition of Appirio will create one of the world’s largest cloud transformation practices, a game changer in today’s as-a-service and digital economy. Appirio also brings to Wipro, Topcoder, a leading crowdsourcing marketplace connecting over a million designers, developers and data scientists around the world with customers.

“In an increasingly digital world, as consumer behaviors and expectations continue to be reshaped by experiences, companies are recognizing that they need to transform how they engage with customers and employees by leveraging the power of Cloud. Appirio and Wipro are coming together to unlock transformational synergies in the applications space and help enterprises create new business models,” said Abidali Z. Neemuchwala, Chief Executive Officer & Member of the Board, Wipro Limited. Wipro will consolidate its existing cloud applications practices of Salesforce and Workday under the Appirio brand and structure. Chris Barbin, Chief Executive Officer of Appirio, will lead the expanded business.

“When you combine Wipro’s global scale and deep digital focus with Appirio’s transformative worker and customer experience expertise, and best in class team, brand, and partners, you create a formidable force in the industry,” said Chris Barbin, Chief Executive Officer of Appirio. “Together, our aim is to dominate the market and claim the top spots in industry Net Promoter Score, market share, and best places to work.”

“Chris and his team have spent the last decade building Appirio into a global leader delivering amazing customer experiences with Salesforce,” said Marc Benioff, Chairman and Chief Executive Officer, Salesforce. “I couldn’t be more proud of Appirio as it joins Wipro, where together they will continue to drive customer success on a much larger scale.”

“As one of our earliest partners, Appirio has played a key role in the Workday Community, and we’re thrilled to see such a great opportunity for the team’s continued growth,” said Aneel Bhusri, Co-founder and Chief Executive Officer, Workday. “With Appirio, Wipro gains an organization with deep industry expertise and a strong commitment to customer service, dedicated to helping companies take their businesses to the cloud.”

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be closed in the quarter ending December 31, 2016. William Blair & Company acted as financial advisor to Appirio during the transaction.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) 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

About Appirio

Appirio is a global services company that helps customers create next-generation Worker and Customer Experience using the latest cloud technologies. Our free-thinking consultants deliver unmatched customer value by creating actionable strategies, delivering results quickly, and helping organizations adapt to a new experience-driven era. We do this by harnessing the power of one of the world’s largest crowdsourcing communities and thousands of pre-built solution accelerators. Appirio is a trusted partner to some of the world’s largest brands, including Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation

Media Contact:

Vipin Nair

Wipro Limited

vipin.nair1@wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements 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. 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.

EX-99.8

Exhibit 99.8

Wipro Limited October 20, 2016

Disclosure under regulation 30 of the Securities and Exchange Board of India (Listing

Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.	Particulars	Description
1	Target Name	Appirio Inc and its subsidiaries (“Appirio”)
2	Related party transaction	No
3	Industry of Target entity	IT Consulting and Software services
4	Acquisition objectives	This acquisition will significantly enhance Wipro’s market share & positioning in the Cloud Enterprise Applications space, especially in Salesforce and Workday. Wipro will be able to become a partner of choice for clients who are looking at modernizing their processes and platforms onto Next Generation Cloud Applications.
5	Government & regulatory Approval required	Approval under the Hart–Scott–Rodino Antitrust Improvements Act, in the United States of America
6	Time period for completion	Closing is expected in the quarter ending December 31, 2016
7	Nature of consideration	Cash
8	Purchase consideration	US $500Mn (USD Five Hundred Million)
9	Shares acquired	100%
10	Target Information	Founded in 2006, Appirio was an early partner of Salesforce.com, Workday and Google, and a pioneer in crowdsourcing. Appirio is a global services company that helps customers create next-generation Worker and Customer Experience using the latest cloud technologies. Appirio is headquartered in the U.S. with offices in Indianapolis, San Francisco, Dublin, London, Tokyo and Jaipur, India. Appirio is privately held and has a workforce of ~1,250. Last three years’ revenue: US $137M (2013), US $178M (2014) and US $196M (2015).