6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of July 2017

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 June 30, 2017. 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 July 20, 2017, we announced our results of operations for the three months ended June 30, 2017. We issued a press release announcing our results under IFRS, a copy of which is attached to this Form 6-K as Item 99.1.

On July 20, 2017, 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 July 20, 2017 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 months ended June 30, 2017 under IFRS. A copy of such financial statements are attached to this Form 6-K as Item 99.4.

We filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter ended June 30, 2017 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 June 30, 2017. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

SIGNATURES

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

Wipro Limited

/s/ Jatin Pravinchandra Dalal

Jatin Pravinchandra Dalal

Chief Financial Officer

Dated: July 24, 2017

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release.
99.2	Presentation made by the Company at the Press Conference on July 20, 2017.
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.

EX-99.1

Exhibit 99.1

  FOR IMMEDIATE RELEASE

Results for the quarter ended June 30, 2017 under IFRS

IT Services Segment Dollar Revenue was above the upper end of the guidance range

Board of Directors approved a buyback proposal of ₹110,000 million

Bangalore, India and East Brunswick, New Jersey, USA – July 20, 2017 — Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended June 30, 2017.

Highlights of the Results

• Gross Revenues of Wipro Limited were ₹136.3 billion ($2.1 billion¹), an increase of 0.2% YoY.

• IT Services Segment Revenues in dollar terms were $1,971.7 million, a sequential increase of 0.9% (Non-GAAP constant currency increase of 0.3% sequentially) and 2.1% YoY (Non-GAAP constant currency increase of 3.4% YoY).

• IT Services Segment Profits² were ₹21.9 billion ($339 million¹), a decrease of 5.8% YoY.

• IT Services Margins for the quarter was 16.8%.

• Net Income³ for the quarter was ₹20.8 billion ($321 million¹), an increase of 1.2% YoY.

• Board approves Buyback proposal of ₹110,000 million ($1.7 billion¹) at a buyback price of ₹320 ($4.95¹).

Performance for the quarter ended June 30, 2017

“We delivered revenues above the upper end of the guidance range. Our focus on Digital combined with our investments in client mining have resulted in strong growth in Top accounts.” said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board. “The brand refresh is reflective of the transformation we are driving at Wipro and how we are helping our customers in their digital journeys.”

“The impact on operating margins by rupee appreciation and salary increases was partially offset by strong business efficiencies. We continue to sustain robust cash generation.” said Jatin Dalal, Chief Financial Officer. “The announcement to buyback equity shares is part of our philosophy to deliver efficient returns to shareholders.”

Outlook for the Quarter ending September 30, 2017

We expect Revenues from our IT Services business to be in the range of $1,962 million to $2,001 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.29, Euro/USD at 1.11, AUD/USD at 0.75, USD/INR at 64.46 and USD/CAD at 1.33.

1. For the convenience of the reader, the amounts in Indian Rupees in this release have been translated into United States Dollars at the noon buying rate in New York City on June 30, 2017, for cable transfers in Indian Rupees, as certified by the Federal Reserve Board of New York, which was US $1=₹64.62. However, the realized exchange rate in our IT Services business segment for the quarter ended June 30, 2017 was US$1= ₹66.06

2. Segment Profit refers to Segment Results Total.

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

Capital Allocation

• The Board of Directors approved a buyback proposal, subject to the approval of shareholders through postal ballot, for purchase by the company of up to 343.75 million equity shares of ₹2 each (representing 7.06% of total equity capital) from the shareholders of the company on a proportionate basis by way of a tender offer. The buyback price will be ₹320 ($4.95)¹ per equity share payable in cash for an aggregate amount not exceeding ₹110,000 million ($1.7 billion)¹ in accordance with the provisions of Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998 (Buyback Regulations). Additional information regarding the terms and conditions of the buyback will be disclosed in due course in accordance with Buyback Regulations.

• Further to the announcement on April 25, 2017, the Company, during the quarter ended June 30, 2017, allotted Bonus equity shares of ₹2/- each in the ratio of 1:1 (one bonus share for every one share held) to the shareholders of the Company who were on the Register of Members of the Company as on June 14, 2017, which was the Record Date fixed by the Board of the Directors of the Company for this purpose.

IT Services

Wipro continues its momentum in winning large deals globally as described below:

Wipro has won a multi-year engagement with a large utility company in the United States to deliver data center, disaster recovery, service desk and end user services. This program will drive greater automation and improve services to end customers through the use of analytics and the Wipro HOLMES Artificial Intelligence Platform^TM.

Wipro has won a multi-year contract from a Europe-headquartered oil and gas major to transform their IT infrastructure and security platform. Wipro will support the client in the design and development of a business-aligned IT backbone that will form the foundation of their digitization strategy.

Wipro has won a multi-year digital transformation deal to automate and digitize the ‘Order to Entitlement’ operations for a global technology company, headquartered in North America. Leveraging proprietary technology such as the Wipro HOLMES Artificial Intelligence Platform^TM, Data Discovery Platform for analytics and Wipro BASE)))^TM, Wipro will implement process digitization, drive process efficiencies and improve customer experience for the client.

Wipro has won a five-year engagement with a global pharmaceutical major to provide service desk and end-user computing services, across locations. The project, which will leverage Wipro HOLMES Artificial Intelligence Platform^TM and includes a unique hyper-personalization initiative, will improve productivity and significantly enhance user experience at the client organization.

A large North American insurer has awarded an IT infrastructure contract to Wipro. Wipro will provide data center services and Enterprise Command Center services that will manage a wide range of IT operations for the client.

Wipro has won a multi-year managed services engagement with a key IT delivery arm of the Government of India (GoI). The program will enable GoI to effectively regulate and monitor e-governance transactions and the implementation of central government sponsored schemes at the grass-roots level.

A large state in South India has chosen Wipro to implement IT network infrastructure across 30 districts in the state, as part of the “State Wide Area Network 2.0’ project.

A leading telecom major, as part of their managed services engagement renewal, has chosen Wipro for transforming their operations, which includes process simplification and robotic process automation. The program will improve the telecom company’s agility to launch new services, and will help them provide an enhanced customer experience in addition to facilitating process and cost optimization.

Digital highlights

Wipro will help an American IT company develop enterprise-grade distributed ledger blockchain solutions. As part of this engagement, Wipro will build an Ethereum-based test bed for scalability and performance testing, and a user interface for smart contracts applications.

Wipro has been selected by a global logistics company to set up a joint innovation center that will reimagine the customer’s digital journey. We will start the innovation journey by introducing next generation mobility solutions that the client’s associates and freight drivers will use for pickups and deliveries. Over the next couple of years, we will work through and bring to fruition a number of process transformation ideas.

The Latin American entity of one of the largest U.S. Banks has chosen Wipro as their strategic partner to significantly change how it delivers new products and services and integrates with its partner eco-system at a greater speed. Wipro will set up and run an API and Microservices factory as part of their digital transformation journey. Wipro will set up multiple agile teams, bring in two-speed delivery model and complete the work in an output-based model for the bank.

Clix Capital Services Pvt. Ltd. has selected Wipro as the primary technology partner to help design, build and maintain their digital channels and digital infrastructure that will connect to underlying transaction systems and provide infrastructure on a cloud model. This engagement is for a term of 5 years.

A few of the notable wins in Cloud Applications leveraging our Appirio cloud services are as follows:

• A diversified financial services company has chosen Wipro to implement its new cloud-based sales and service transformation program. This follows the successful completion of a comprehensive strategy assessment by Appirio.

• A global storage firm has selected Wipro to deploy their Quote-to-Cash, Field Service and Service Management processes.

• A global pharmaceutical organization has selected Wipro to transform their “Quote-to-Cash” processes.

• Wipro has been chosen as a partner to digitize the go-to-market processes of a marquee sales consulting firm.

• One of the world’s leading biotherapeutics organizations has selected Wipro to reimagine their worker experience processes.

Delivery Excellence

Backed by a proven track record in enabling banking technology in India, Wipro enabled the successful roll-out of PayTM Payment Bank’s digital banking operations in May 2017.

“Wipro was selected from a strategic partner perspective and what we saw in Wipro was the ability to grab hold of what we were trying to transform. The solution was an end-to-end integrated service across all service towers being IT, Finance and Customer Service. That was critical for us to drive the globalization and the productivity that we felt we could accomplish by bring these groups together.” said Tim Wightman, Vice President—Application & Technology Services, Levi Strauss & Co.

“Wipro is a trusted partner and a safe pair of hands who have supported Nisa’s business over a decade with its Oracle Retail Solutions” said Peter Walker, Head of Business Systems, Nisa Retail. “The Wipro relationship has allowed us to remain reactive and meet any industry challenges that have been thrown at us, the close working relationship to our business has been very beneficial to us and ensured that when new opportunities arise we can deliver solutions in a timely manner.”

Awards and accolades

Wipro has been named an IDC Health Insights HealthTech Rankings Enterprise 25 Company. The rankings categorize and evaluate global providers of information technology to healthcare payers and providers.

IDC named Wipro as a “Leader” in the IDC MarketScape: Worldwide Digital Transformation Consulting and Systems Integration Service Providers 2017 Vendor Assessment (doc #US41523517, June 2017). The report recommended end users to consider Wipro when looking for Artificial intelligence–enabled automation and human-centric design approach for digital transformation in their businesses.

Wipro was recognized as a “Leader” in the first ever Everest Group PEAK Matrix™ assessment on IT Infrastructure automation. Everest Group said that Wipro enjoys an early mover advantage in the overall services automation space with its HOLMES platform. Wipro’s strong experience in the workplace and cloud services space has helped build a credible automation suite targeting these service areas.

Wipro was named as a Leader in the IDC MarketScape: Worldwide Finance and Accounting BPO Services 2017 Vendor Assessment (doc #US41237717, June 2017). The IDC MarketScape said that Wipro is perceived as very competent in its industry, technical, and functional capabilities, with industry-specific breadth and depth of F&A business process services.

IT Products

• Revenue for the quarter ended June 30, 2017 was ₹6.3 billion ($98 million¹), an increase of 7% YoY.

Please refer the table on page 9 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 9 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance.

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

Results for the quarter ended June 30, 2017, 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/wipro170720.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.

All product names, logos, and brands are property of their respective owners.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

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, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas,

disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

# # #

(Tables to follow)

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

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

	As of March 31,		As of June 30,
	2017		2017		2017
					Convenience translation into US dollar in millions (unaudited)—Refer footnote 1 on Page 1
ASSETS
Goodwill		125,796		126,488		1,957
Intangible assets		15,922		15,518		240
Property, plant and equipment		69,794		71,023		1,099
Derivative assets		106		497		8
Investments		7,103		9,769		151
Investment in equity accounted investee				353		5
Trade receivables		3,998		3,998		62
Non-current tax assets		12,008		14,585		226
Deferred tax assets		3,098		3,930		61
Other non-current assets		16,793		19,172		297
Total non-current assets		254,618		265,333		4,106
Inventories		3,915		3,434		53
Trade receivables		94,846		97,954		1,516
Other current assets		30,751		31,571		489
Unbilled revenues		45,095		46,509		720
Investments		292,030		317,718		4,917
Current tax assets		9,804		8,526		132
Derivative assets		9,747		5,233		81
Cash and cash equivalents		52,710		54,317		841
Total current assets		538,898		565,262		8,749
TOTAL ASSETS		793,516		830,595		12,855
EQUITY
Share capital		4,861		9,731		151
Share premium		469		2,043		32
Retained earnings		490,930		506,940		7,844
Share based payment reserve		3,555		2,151		33
Other components of equity		20,489		19,850		307
Equity attributable to the equity holders of the Company		520,304		540,715		8,367
Non-controlling interest		2,391		2,439		38
Total equity		522,695		543,154		8,405
LIABILITIES
Long—term loans and borrowings		19,611		32,487		503
Deferred tax liabilities		6,614		7,630		118
Derivative liabilities		2		—		—
Non-current tax liabilities		9,547		8,545		132
Other non-current liabilities		5,500		4,429		69
Provisions		4		2		—
Total non-current liabilities		41,278		53,093		822
Loans, borrowings and bank overdrafts		122,801		113,712		1,760
Trade payables and accrued expenses		65,486		73,905		1,146
Unearned revenues		16,150		15,921		246
Current tax liabilities		8,101		12,083		187
Derivative liabilities		2,708		2,626		41
Other current liabilities		13,027		14,911		230
Provisions		1,270		1,190		18
Total current liabilities		229,543		234,348		3,628
TOTAL LIABILITIES		270,821		287,441		4,450
TOTAL EQUITY AND LIABILITIES		793,516		830,595		12,855

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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

	Three Months ended June 30,
	2016			2017			2017
							Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1
Gross revenues		135,992			136,261			2,109
Cost of revenues		(96,389	)		(97,111	)		(1,503	)
Gross profit		39,603			39,150			606
Selling and marketing expenses		(10,141	)		(10,146	)		(157	)
General and administrative expenses		(7,599	)		(7,264	)		(112	)
Foreign exchange gains/(losses), net		984			353			5
Results from operating activities		22,847			22,093			342
Finance expenses		(1,336	)		(1,474	)		(23	)
Finance and other income		5,200			6,200			96
Share of profits/(loss) of equity accounted investee					(1	)
Profit before tax		26,711			26,818			415
Income tax expense		(6,122	)		(5,994	)		(93	)
Profit for the period		20,589			20,824			322
Attributable to:
Equity holders of the company		20,518			20,765			321
Non-controlling interest		71			59			1
Profit for the period		22,073			20,824			322
Earnings per equity share:
Attributable to equity share holders of the company
Basic		4.17			4.29			0.07
Diluted		4.16			4.28			0.07
Weighted average number of equity shares used in computing earnings per equity share
Basic		4,914,727,772			4,845,115,238			4,845,115,238
Diluted		4,926,794,736			4,851,070,943			4,851,070,943
Additional Information
Segment Revenue
IT Services Business Units
BFSI		33,630			34,934			541
HLS		19,928			19,150			296
CBU		20,725			20,535			318
ENU		17,356			17,464			270
MNT		29,538			29,342			454
COMM		9,911			8,831			137
IT SERVICES TOTAL		131,088			130,256			2,016
IT PRODUCTS		5,930			6,343			98
RECONCILING ITEMS		(42	)		15			—
TOTAL		136,976			136,614			2,114
Segment Result
IT Services Business Units
BFSI		6,994			5,441			85
HLS		2,855			2,734			42
CBU		3,775			2,934			45
ENU		3,025			3,651			57
MNT		5,954			5,175			81
COMM		1,502			1,449			22
OTHERS		—			—			—
UNALLOCATED		(837	)		532			8
TOTAL IT SERVICES		23,268			21,916			340
IT PRODUCTS		(368	)		31			—
RECONCILING ITEMS		(53	)		146			2
TOTAL		22,847			22,093			342
FINANCE EXPENSE		(1,336	)		(1,474	)		(23	)
FINANCE AND OTHER INCOME		5,200			6,200			96
SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE					(1	)		—
PROFIT BEFORE TAX		26,711			26,818			415
INCOME TAX EXPENSE		(6,122	)		(5,994	)		(93	)
PROFIT FOR THE PERIOD		20,589			20,824			322

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. The industry verticals are as follows: Banking,Financial Services and Insurance (BFSI), Healthcare & Lifesciences (HLS), Consumer Business Unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing & Technology (MNT), Communications (COMM). IT Services segment also includes Others which comprises dividend income relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.In the IT Products segment, the Company is a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware products, software licenses and other related deliverables.

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

Three Months ended June 30,2017
IT Services Revenue as per IFRS	$	1,971.7		IT Services Revenue as per IFRS	$	1,971.7
Effect of Foreign currency exchange movement	$	(12.1	)	Effect of Foreign currency exchange movement	$	24.2
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	1,959.6		Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	1,995.9

EX-99.2

Exhibit 99.2

Performance for Quarter ended June 30, 2017 Jatin Dalal Chief Financial Officer July 20, 2017 © 2017 Wipro wipro.com confidential 1

Financial summary for the quarter ended June 30, 2017 All figures based on IFRS Q1’18 (? crores) YoY Growth Gross Revenues 13,626 0.2% Profit After Tax (PAT) 2,077 1.2% IT Services Segment revenue grew 0.3% in constant currency- above the upper end of the guidance range. Due to cross-currency impact, IT Services Segment revenue on reported USD basis grew 0.9%. IT Services Margin for the quarter was at 16.8%. Continued to generate robust Operating Cash Flow at 142% of Net Income . Our Gross cash was at ?37,204 crores. Top Ten accounts accelerated momentum by growing 4.4% QoQ 1crore= 10million PAT refers to Profit for the period, attributable to equity holders of the Company © 2017 Wipro wipro.com confidential 2

Highlights for the quarter Localization Focus: Locals form over 50% of our U.S. workforce. Net Addition to Employee count in the quarter was 1,309. The number of customers in >50 buckets increased by two sequentially. We trained 15,000+ employees on digital skills. We now have 75,000+ employees trained on digital skills. Completed allotment of Bonus equity shares of ?2/- each in the ratio of 1:1 Board approved proposal for Buyback of ?11,000 crore at a buyback price of ?320. 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 © 2017 Wipro wipro.com confidential 3

IT Services—Revenue Dynamics for Quarter Ended June 30, 2017 Vertical Business units 1. Energy, Natural Resources & Utilities grew 3.2% sequentially on reported currency. 2. Financial Services grew 4.1% sequentially on reported currency. Geographies 1. India and Middle East business grew 6.7% sequentially on reported currency. 2. APAC and Other emerging markets grew 1.5% sequentially on reported currency Services 1. Digital grew 3.0% sequentially on a reported currency basis 2. Analytics grew 4.4% sequentially on a reported currency basis © 2017 Wipro wipro.com confidential 4

Looking ahead Looking ahead for the quarter ending September 30, 2017 Jul May Aug We expect the Revenue from our Apr Sep IT Services business to be in the range of 2017-18 $1,962 million to $2,001 million*. Oct Feb Jan Dec * Guidance is based on the following exchange rates: GBP/USD at 1.29, Euro/USD at 1.11, AUD/USD at 0.75, USD/INR at 64.46 and USD/CAD at 1.33. © 2017 Wipro wipro.com confidential 5

Supplemental Data Key Operating Metrics of IT Services © 2017 Wipro wipro.com confidential 6

Key Operating Metrics in IT Services for the Quarter ended June, 2017 Particulars Q1’18 Q4’17 Q1’17 Revenue Composition Communications 6.8% 6.9% 7.6% Finance Solutions 26.7% 26.0% 25.6% Manufacturing & Technology 22.5% 22.8% 22.5% Healthcare, Life Sciences & Services 14.8% 15.4% 15.3% Consumer 15.8% 15.8% 15.8% Energy, Natural Resources & Utilities 13.4% 13.1% 13.2% Geography Composition Americas 54.5% 54.9% 53.5% Europe 24.2% 24.4% 25.4% India & Middle East Business 10.4% 9.9% 10.4% APAC & Other Emerging Markets 10.9% 10.8% 10.7% People related Employee Count 166,790 165,481 158,272 © 2017 Wipro wipro.com confidential 7

Thank You Jatin Dalal Chief Financial Officer Jatin.Dalal@wipro.com © 2017 Wipro wipro.com confidential 8

Appendix © 2017 Wipro wipro.com confidential 9

Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in ?crores) As of June 30, 2017 Computation of Gross cash position Cash and cash equivalents 5,432 Investments—Current 31,772 Total 37,204 Reconciliation of Free Cash Flow WIPRO LIMITED AND SUBSIDIARIES (Amounts in ?crores) Three months ended June 30, 2017 Profit for the period [A] 2,077 Computation of Free cash flow Net cash generated from operating activities 2,956 Add/(deduct) cash inflow/(outflow) on : Purchase of Property, plant and equipment (421) Payment for Business Acquisition (327) Proceeds from sale of Property, plant and equipment 66 Free cash flow [B] 2,274 Free cash flow as a percentage of Net income [B/A] 110% 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 June 30, 2017 IT Services Revenue as per IFRS $1,971.7 Effect of Foreign currency exchange movement $ (12.1) Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,959.6 Three months ended June 30, 2017 IT Services Revenue as per IFRS $1,971.7 Effect of Foreign currency exchange movement $ 24.2 Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,995.9 © 2017 Wipro wipro.com confidential 10

EX-99.3

Exhibit 99.3

Wipro Limited Extract of audited financial results of Wipro Limited and its subsidiaries for the Quarter ended June 30, 2017 Consolidated Audited Financial Results of Wipro Limited under IFRS (‘in millions, except share and per share data, unless otherwise stated) Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 136,614 558,261 136,976 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,818 110,356 26,711 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,818 110,356 26,711 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,824 85,143 20,589 Total Comprehensive Income after tax 20,174 87,241 23,806 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 5,30,984 515,443 484,367 Earnings Per Share (after extraordinary items) (of ‘ 2/- each) Basic: Diluted: 4.29 4.28 17.48 17.43 4.17 4.16 The audited interim consolidated financial results of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Financial Results of Wipro Limited under IND AS The interim condensed 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. Audited Consolidated Financial results under Ind AS Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 136,261 554,484 135,992 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,820 110,393 26,711 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,820 110,393 26,711 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,826 85,179 20,590 Total Comprehensive Income after tax 20,191 87,363 23,736 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 527,399 511,841 4,80,585 Earnings Per Share (after extraordinary items ) (of ‘ 2/- each) Basic: Diluted: 4.29 4.28 17.49 17.43 4.18 4.16 The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Standalone Audited Financial Results of Wipro Limited under Ind AS Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 111,528 460,478 115,875 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,075 106,871 25,951 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,075 106,871 25,951 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,268 81,617 20,077 Total Comprehensive Income after tax 18,911 86,771 21,744 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 476,521 462,195 429,496 Earnings Per Share (after extraordinary items) (of ‘ 2/- each) Basic: Diluted: 4.18 4.18 16.80 16.75 4.09 4.08 The audited interim financial results of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Notes: 1. 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). 2. On July 20, 2017, the Board of Directors approved a buyback proposal, subject to the approval of shareholders of the Company through postal ballot, for purchase by the Company of up to 343.75 million shares of 2 each (representing 7.06% of total paid-up equity capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of 320 per equity share for an aggregate amount not exceeding 110,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations,1998 By Order of the Board, Wipro Limited For Wipro Ltd. Regd. Office: Doddakanneli, Place: Bangalore Azim H Premji Sarjapur Road, Bangalore- 560035 Date: July 20, 2017 Chairman & Managing Director www.wipro.com 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

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE MONTHS ENDED JUNE 30, 2017

1

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

			As of March 31,		As of June 30,
	Notes		2017		2017		2017
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill		5		125,796		126,488		1,957
Intangible assets		5		15,922		15,518		240
Property, plant and equipment		4		69,794		71,023		1,099
Derivative assets		13,14		106		497		8
Investments		7		7,103		9,769		151
Investment in equity accounted investee		7		—		353		5
Trade receivables				3,998		3,998		62
Non-current tax assets				12,008		14,585		226
Deferred tax assets				3,098		3,930		61
Other non-current assets		10		16,793		19,172		297
Total non-current assets				254,618		265,333		4,106
Inventories		8		3,915		3,434		53
Trade receivables				94,846		97,954		1,516
Other current assets		10		30,751		31,571		489
Unbilled revenues				45,095		46,509		720
Investments		7		292,030		317,718		4,917
Current tax assets				9,804		8,526		132
Derivative assets		13,14		9,747		5,233		81
Cash and cash equivalents		9		52,710		54,317		841
Total current assets				538,898		565,262		8,749
TOTAL ASSETS				793,516		830,595		12,855
EQUITY
Share capital				4,861		9,732		151
Share premium				469		2,043		32
Retained earnings				490,930		506,940		7,844
Share based payment reserve				3,555		2,151		33
Other components of equity				20,489		19,850		307
Equity attributable to the equity holders of the Company				520,304		540,716		8,367
Non-controlling interest				2,391		2,439		38
Total equity				522,695		543,155		8,405
LIABILITIES
Long - term loans and borrowings		11		19,611		32,487		503
Deferred tax liabilities				6,614		7,630		118
Derivative liabilities		13,14		2		—		—
Non-current tax liabilities				9,547		8,545		132
Other non-current liabilities		12		5,500		4,429		69
Provisions		12		4		2		—
Total non-current liabilities				41,278		53,093		822
Loans, borrowings and bank overdrafts		11		122,801		113,712		1,760
Trade payables and accrued expenses				65,486		73,904		1,146
Unearned revenues				16,150		15,921		246
Current tax liabilities				8,101		12,083		187
Derivative liabilities		13,14		2,708		2,626		41
Other current liabilities		12		13,027		14,911		230
Provisions		12		1,270		1,190		18
Total current liabilities				229,543		234,347		3,628
TOTAL LIABILITIES				270,821		287,440		4,450
TOTAL EQUITY AND LIABILITIES				793,516		830,595		12,855

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accounranrs	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W- 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Parmer	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
July 20, 2017

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

		Three months ended June 30,
	Notes	2016			2017			2017
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues	17		135,992			136,261			2,109
Cost of revenues	18		(96,389	)		(97,111	)		(1,503	)
Gross profit			39, 603			39,150			606
Selling and marketing expenses	18		(10,141	)		(10,146	)		( 157	)
General and administrative expenses	18		(7,599	)		(7,264	)		(112	)
Foreign exchange gains/(losses), net			984			353			5
Results from operating activities			22,847			22,093			342
Finance expenses	19		(1,336	)		( 1,474	)		(23	)
Finance and other income	20		5,200			6,200			96
Share of profits/(loss) of equity accounted investee	7		—			(1	)		—
Profit before tax			26,711			26,818			415
Income tax expense	16		(6,122	)		(5,994	)		(93	)
Profit for the period			20,589			20,824			322
Attributable to:
Equity holders of the Company			20,518			20,765			321
Non-controlling interest			71			59			1
Profit for the period			20,589			20,824			322
Earnings per equity share:	21
Attributable to equity share holders of the Company
Basic			4.17			4.29			0.07
Diluted			4.16			4.28			0.07
Weighted average number of equity shares used in computing earnings per equity share
Basic			4,914,727,772			4,845,115,238			4,845,115,238
Diluted			4,926,794,736			4,851,070,943			4,851,070,943

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

As per our report of even date attached	For and on behalf of the Bord of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W-100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Parmer	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
July 20, 2017

3

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

			Three months ended June 30,
	Notes		2016		2017			2017
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period				20,589		20,824			322
Items that Will not be reclassified to statement of income
Defined benefit plan actuarial gains				72		318			5
Net change in fair value of financial instruments through OCI				—		23			—
				72		341			5
Items that may be reclassified subsequently to statement of income
Foreign currency translation differences		15		1,550		699			11
Net change in time value of option contracts designated as cash flow hedges		13,16		—		7			—
Net change in intrinsic value of option contracts designated as cash flow hedges		13,16		—		32			1
Net change in fair value of forward contracts designated as cash flow hedges		13,16		970		(2,122	)		(33	)
Net change in fair value of financial instruments through OCI		7,16		625		393			6
				3,145		(991	)		(15	)
Total other comprehensive income/(loss), net of taxes				3,217		(650	)		(10	)
Total comprehensive income for the period				23,806		20,174			312
Attributable to:
Equity holders of the Company				23,712		20,126			311
Non-controlling interest				94		48			1
				23,806		20,174			312

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants Firm’s Registration N0: 117366W/W - 100018	Executive Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Parmer	Chief Financial Officer	Company Secretary
Membership No, 60408
Bangalore
July 20, 2017

4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

												Other components of equity						Equity
Particulars	No. of Shares		Share capital		Share premium		Retained earnings		Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve		Other reserves		attributable to the equity holders of the Company		Non-controlling interest		Total equity
As at April 1, 2016		2,470,713,290		4,941		14,642		425,106		2,229			16,116		1,910		216		465,160		2,224		467,384
Total comprehensive income for the period
Profit for the period		—		—		—		20,518		—			—		—		—		20,518		71		20,589
Other comprehensive income		—		—		—		—		—			1,527		970		697		3,194		23		3,217
Total comprehensive income for the period		—		—		—		20,518		—			1,527		970		697		23,712		94		23,806
Transaction with owners of the company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of shares by controlled trust on exercise of options^		—		—		—		108		(108	)		—		—		—		—		—		—
Compensation cost related to employee share based payment transactions		—		—		—				436			—		—		—		436		—		436
		—		—		—		108		328			—		—		—		436		—		436
As at June 30, 2016		2,470,713,290		4,941		14,642		445,732		2,557			17,643		2,880		913		489,308		2,318		491,626
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				73		217		6,601		38			261		43		14		7,247		34		7,281

5

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

													Other components of equity							Equity
Particulars	No. of Shares*		Share capital		Share premium		Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves		attributable to the equity holders of the Company			Non-controlling interest			Total equity
As at April 1, 2017		2,430,900,565		4,861		469		490,930			3,555			13,107		5,906			1,476		520,304			2,391			522,695
Total comprehensive income for the period
Profit for the period		—		—		—		20,765			—			—		—			—		20,765			59			20,824
Other comprehensive income		—		—		—		—			—			710		(2,083	)		734		(639	)		(11	)		(650	)
Total comprehensive income for the period		—		—		—		20,765			—			710		(2,083	)		734		20,126			48			20,174
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		2,173,762		4		1,574					(1,560	)		—		—			—		18			—			18
Issue of shares by controlled trust on exercise of options^				—		—		108			(108	)		—		—			—		—			—			—
Bonus issue of equity shares #		2,433,074,327		4,866		—		(4,866	)		—			—		—			—		—			—			—
Compensation cost related to employee share based payment transactions		—		—		—		3			264			—		—			—		267			—			267
		2,435,248,089		4,870		1,574		(4,755	)		(1,404	)		—		—			—		285			—			285
As at June 30, 2017		4,866,148,654		9,732		2,043		506,940			2,151			13,817		3,823			2,210		540,716			2,439			543,155
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				151		32		7,844			33			214		59			34		8,367			38			8,405

* Includes 13,728,607 and 27,257,230 treasury shares as of March 31, 2017 and June 30, 2017, respectively. Treasury shares as of June 30, 2017 includes the impact of bonus issue.

^ 294,149 and 191,761 shares have been issued by the controlled trust on exercise of options for the three months ended June 30, 2016 and 2017 respectively.

# Refer note 27

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants Firm’s Registration No: 117366W/W-l00018	Executive Chairman & Managing Director	Director	Chief Executive Officer & Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
July 20, 2017

6

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

	Three months ended June 30,
	2016			2017			2017
							Convenience Translation into US$ in millions (Unaudited) Refer note 2(iv)
Cash flows from operating activities:
Profit for the period		20,589			20,824			322
Adjustments to reconcile profit for the year to net cash generated from operating
Loss/(gain) on sale of property, plant and equipment and intangible assets, net		177			(88	)		(1	)
Depreciation, amortization and impairment		4,665			4,943			76
Unrealized exchange (gain)/loss, net		(1,450	)		2,731			42
Gain on sale of investments, net		(368	)		(803	)		(12	)
Share based compensation expense		425			254			4
Income tax expense		6,122			5,994			93
Dividend and interest income, net		(4,420	)		(4,701	)		(73	)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(761	)		(2,797	)		(43	)
Unbilled revenues		(3,789	)		(1,306	)		(20	)
Inventories		(1,064	)		481			7
Other assets		(1,452	)		(206	)		(3	)
Trade payables, accrued expenses, other liabilities and provisions		2,907			8,182			127
Unearned revenues		(2,724	)		(242	)		(4	)
Cash generated from operating activities before taxes		18,857			33,266			515
Income taxes paid, net		(4,421	)		(3,709	)		(57	)
Net cash generated from operating activities		14,436			29,557			458
Cash flows from investing activities:
Purchase of property, plant and equipment		(4,683	)		(4,207	)		(65	)
Proceeds from sale of property, plant and equipment		48			664			10
Purchase of investments		(165,023	)		(258,862	)		(4,006	)
Proceeds from sale of investments		174,665			232,214			3,594
Payment for business acquisitions including deposit in escrow, net of cash acquired		—			(3,273	)		(51	)
Interest received		2,734			4,197			65
Dividend received		24			171			3
Net cash generated from/(used in) investing activities		7,765			(29,096	)		(450	)
Cash flows from financing activities:
Proceeds from issuance of equity shares		*			18			*
Repayment of loans and borrowings		(30,619	)		(46,550	)		(720	)
Proceeds from loans and borrowings		31,861			49,092			760
Payment for deferred/contigent consideration in respect of business combinations		—			(66	)		(1	)
Interest paid on loans and borrowings		(424	)		(754	)		(12	)
Net cash generated from financing activities		818			1,740			27
Net increase in cash and cash equivalents during the period		23,019			2,201			35
Effect of exchange rate changes on cash and cash equivalents		866			41			1
Cash and cash equivalents at the beginning of the period		98,392			50,718			785
Cash and cash equivalents at the end of the period (Note 9)		122,277			52,960			821
* Value is less than ₹ 1 million

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W-100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
July 20, 2017

7

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED 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 global information technology (IT), consulting and business process services (BPS) company.

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 interim condensed consolidated financial statements were authorized for issue by the Company’s Board of Directors on July 20, 2017.

2. Basis of preparation of financial statements

(i) Statement of compliance

These interim condensed consolidated 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, 2017. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with IFRS.

(ii) Basis of preparation

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

The interim condensed consolidated 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 interim condensed consolidated financial statements.

All amounts included in the interim condensed consolidated financial statements are reported in Indian rupees (₹) in million 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 interim condensed consolidated 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 interim condensed consolidated financial statements have been prepared and reported in Indian rupees, the national currency of India. Solely for the convenience of the readers, the interim condensed consolidated financial statements as of and for the three months ended June 30, 2017, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 64.62 (June 30, 2016: $ 1= ₹ 67.51), as published by the Federal Reserve Board of Governors on June 30, 2017. 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 interim condensed consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the interim condensed consolidated 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. Volume discounts are recorded as a reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer.

b) Impairment testing: Goodwill and intangible assets recognised on business combination are tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of the asset or the cash generating unit to which these pertain is less than the carrying value. The recoverable amount of the asset or the cash generating units is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of a cash generating unit 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 (including useful life estimates) and liabilities acquired 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.

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f) Defined benefit plans and compensated absences: The cost of the defined benefit plans, compensated absences and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

g) 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.

h) 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.

i) 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

Equity accounted investees

Equity accounted investees are entities in respect of which, the Company has significant influence, but not control, over the financial and operating policies. Generally, a Company has a significant influence if it holds between 20 and 50 percent of the voting power of another entity. Investments in such entities are accounted for using the equity method (equity accounted investees) and are initially recognized at cost.

Please refer to the Company’s Annual Report for the year ended March 31, 2017 for a discussion of the Company’s other critical accounting policies.

New Accounting standards adopted by the Company:

The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended March 31, 2017, except for the adoption of amendments and interpretations effective as of April 1, 2017. Although these amendments and amendments apply for the first time in the current financial year, they do not have a material impact on the interim condensed consolidated financial statements.

IAS 7- Amendment to Statement of Cash Flows

The amendments require entities to provide disclosures about changes in their liabilities arising from financing activities, including both changes arising from cash flows and non-cash changes (such as foreign exchange gains or losses). On initial application of the amendment, entities are not required to provide comparative information for preceding periods. The Group is not required to provide additional disclosures in its interim condensed consolidated financial statements, but will disclose additional information in its annual consolidated financial statements for the year ended March 31, 2018.

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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 interim condensed consolidated 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 allows for two methods of adoption: the full retrospective adoption, which requires the standard to be applied to each prior period presented, or the modified retrospective adoption, which requires the cumulative effect of adoption to be recognized as an adjustment to opening retained earnings in the period of adoption. The standard is effective for periods beginning on or after January 1, 2018. Early adoption is permitted. The Company will adopt this standard using the full retrospective method effective April 1, 2018. The Company is currently assessing the impact of adopting IFRS 15 on its consolidated financial statements.

IFRS 16—Leases

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

IFRIC 22—Foreign currency transactions and Advance consideration

On December 8, 2016, the IFRS interpretations committee of the International Accounting Standards Board issued IFRIC 22, Foreign currency transactions and Advance consideration which clarifies that the date of the transaction for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense or income is the date on which an entity initially recognizes the non-monetary asset or non-monetary liability arising from the payment or receipt of advance consideration in a foreign currency. The effective date for adoption of IFRIC 22 is annual reporting periods beginning on or after January 1, 2018, though early adoption is permitted. The Company is currently assessing the impact of IFRIC 22 on its consolidated financial statements.

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4. Property, plant and equipment

	Land			Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2016	₹	3,695		₹	26,089		₹	99,580		₹	14,115		₹	589		₹	144,068
Translation adjustment		3			61			691			44			8			807
Additions		—			351			3,765			334			2			4,452
Additions through business combination		—			—			—			—			—			—
Disposals / adjustments		—			—			(1,889	)		(54	)		(11	)		(1,954	)
As at June 30, 2016	₹	3,698		₹	26,501		₹	102,147		₹	14,439		₹	588		₹	147,373
Accumulated depreciation/impairment:
As at April 1, 2016	₹	—		₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Translation adjustment		—			26			385			34			3			448
Depreciation		—			250			3,478			261			6			3,995
Disposals / adjustments		—			—			(1,680	)		(41	)		(8	)		(1,729	)
As at June 30, 2016	₹	—		₹	5,620		₹	70,344		₹	11,572		₹	505		₹	88,041
Capital work-in-progress																₹	6,778
Net carrying value including Capital work-in-progress as at June 30, 2016																₹	66,110
Gross carrying value:
As at April 1, 2016	₹	3,695		₹	26,089		₹	99,580		₹	14,115		₹	589		₹	144,068
Translation adjustment		(15	)		(69	)		(1,377	)		(133	)		3			(1,591	)
Additions		—			1,133			16,572			2,242			23			19,970
Additions through business combination		134			446			835			77			—			1,492
Disposals / adjustments		—			(18	)		(6,643	)		(553	)		(183	)		(7,397	)
As at March 31, 2017	₹	3,814		₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Accumulated depreciation/impairment:
As at April 1, 2016	₹	—		₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Translation adjustment		—			(39	)		(816	)		(75	)		2			(928	)
Depreciation		—			1,059			14,910			1,117			28			17,114
Disposals / adjustments		—			(3	)		(5,250	)		(392	)		(169	)		(5,814	)
As at March 31, 2017	₹	—		₹	6,361		₹	77,005		₹	11,968		₹	365		₹	95,699
Capital work-in-progress																₹	8,951
Net carrying value including Capital work-in-progress as at March 31, 2017																₹	69,794
Gross carrying value:
As at April 1, 2017	₹	3,814		₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Translation adjustment		10			74			117			43			—			244
Additions		—			174			1,964			374			11			2,523
Additions through business combination		—			—			4			3			1			8
Disposals / adjustments		—			(27	)		(2,308	)		(301	)		(14	)		(2,650	)
As at June 30, 2017	₹	3,824		₹	27,802		₹	108,744		₹	15,867		₹	430		₹	156,667
Accumulated depreciation/impairment:
As at April 1, 2017	₹	—		₹	6,361		₹	77,005		₹	11,968		₹	365		₹	95,699
Translation adjustment		—			7			53			20			—			80
Depreciation		—			256			3,556			311			7			4,130
Disposals / adjustments		—			(6	)		(1,775	)		(280	)		(13	)		(2,074	)
As at June 30, 2017	₹	—		₹	6,618		₹	78,839		₹	12,019		₹	359		₹	97,835
Capital work-in-progress																₹	12,191
Net carrying value including Capital work-in-progress as at June 30, 2017																₹	71,023

^*  Including computer equipment and software.

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5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2017			Three months ended June 30, 2017
Balance at the beginning of the period	₹	101,991		₹	125,796
Translation adjustment		(4,319	)		316
Acquisition through business combination, net/adjustments		28,124			376
Balance at the end of the period	₹	125,796		₹	126,488

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2016	₹	18,360		₹	2,587		₹	20,947
Acquisition through business combination, net/adjustments		(62	)		—			(62	)
Translation adjustment		219			1			220
As at June 30, 2016	₹	18,517		₹	2,588		₹	21,105
Accumulated amortization and impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		—			1			1
Amortization		535			109			644
As at June 30, 2016	₹	4,699		₹	1,052		₹	5,751
Net carrying value as at June 30, 2016	₹	13,818		₹	1,536		₹	15,354
Gross carrying value:
As at April 1, 2016	₹	18,360		₹	2,587		₹	20,947
Acquisition through business combination, net/adjustments		2,714			4,006			6,720
Translation adjustment		(546	)		(314	)		(860	)
As at March 31, 2017	₹	20,528		₹	6,279		₹	26,807
Accumulated amortization and impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		(7	)		(68	)		(75	)
Amortization and impairment		5,107			747			5,854
As at March 31, 2017	₹	9,264		₹	1,621		₹	10,885
Net carrying value as at March 31, 2017	₹	11,264		₹	4,658		₹	15,922
Gross carrying value:
As at April 1, 2017	₹	20,528		₹	6,279		₹	26,807
Acquisition through business combination, net/adjustments		165			8			173
Translation adjustment		175			42			217
As at June 30, 2017	₹	20,868		₹	6,329		₹	27,197
Accumulated amortization and impairment:
As at April 1, 2017	₹	9,264		₹	1,621		₹	10,885
Translation adjustment		(7	)		21			14
Amortization and impairment		510			270			780
As at June 30, 2017	₹	9,767		₹	1,912		₹	11,679
Net carrying value as at June 30, 2017	₹	11,101		₹	4,417		₹	15,518

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

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6. Business combination

Appirio Inc.

On November 23, 2016, the Company obtained full control of Appirio Inc (“Appirio”). Appirio is a global services company that helps customers create next-generation employee and customer experiences using latest cloud technology services. This acquisition strengthens Wipro’s cloud application service offerings. The acquisition was consummated for a consideration of ₹ 32,402 (USD 475.6 million).

The following table presents the allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	526		(29	)	₹	497
Technology platform		436		(89	)		347
Customer related intangibles		—		2,323			2,323
Brand		180		2,968			3,148
Alliance relationship		—		858			858
Deferred tax liabilities on intangible assets		—		(2,791	)		(2,791	)
Total	₹	1,142	₹	3,240			4,382
Goodwill							28,020
Total purchase price						₹	32,402

Net assets acquired include ₹ 85 of cash and cash equivalents and trade receivables valued at ₹ 2,363.

The goodwill of ₹ 28,020 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

During the three months June 30, 2017, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition. Comparatives have not been retrospectively revised as the amounts are not material.

7. Investments

Financial instruments consist of the following:

	As at
	March 31, 2017		June 30, 2017
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds (1)	₹	104,675	₹	110,273
Others		569		596
Financial instruments at FVTOCI
Equity instruments		5,303		5,205
Commercial paper, Certificate of deposits and bonds		145,614		161,433
Financial instruments at amortised cost
Inter corporate and term deposits (2) (3)		42,972		49,980
	₹	299,133	₹	327,487
Current		292,030		317,718
Non-current		7,103		9,769

⁽¹⁾ Investments in liquid and short-term mutual funds include investments amounting to ₹ 119 (March 31, 2017: ₹ 117) pledged as margin money deposits for entering into currency future contracts.

⁽²⁾  These deposits earn a fixed rate of interest.

⁽³⁾  Term deposits include deposits in lien with banks amounting to ₹ 316 (March 31, 2017: ₹ 308).

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Investment in equity accounted investee

During the three months ended June 30, 2017, the Company has increased its investment in Drivestream Inc. from 19% to 26%. Drivestream Inc. is a private entity that is not listed on any public exchange. The carrying value of the investment as at June 30, 2017 was: ₹ 353. The Company’s share of losses of Drivestream Inc. for the period ended June 30, 2017 was ₹ 1.

8. Inventories

Inventories consist of the following:

	As at
	March 31, 2017		June 30, 2017
Stores and spare parts	₹	808	₹	782
Raw materials and components		1		1
Traded goods		3,106		2,651
	₹	3,915	₹	3,434

9. Cash and cash equivalents

Cash and cash equivalents as of March 31, 2017 and June 30, 2017 consists of cash and balances on deposit with banks. Cash and cash equivalents consists of the following:

	As at
	March 31, 2017		June 30, 2017
Cash and bank balances	₹	27,808	₹	22,769
Demand deposits with banks (1)		24,902		31,548
	₹	52,710	₹	54,317

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

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

	As at
	June 30, 2016			June 30, 2017
Cash and cash equivalents	₹	124,435		₹	54,317
Bank overdrafts		(2,158	)		(1,357	)
	₹	122,277		₹	52,960

10. Other assets

	As at
	March 31, 2017		June 30, 2017
Current
Prepaid expenses and deposits	₹	13,486		13,702
Due from officers and employees		2,349		2,298
Finance lease receivables		1,854		2,169
Advance to suppliers		1,448		1,283
Deferred contract costs		4,270		4,073
Interest receivable		2,177		2,621
Balance with excise, customs and other authorities		2,153		2,101
Others		3,014		3,324
	₹	30,751	₹	31,571
Non-current
Prepaid expenses including rentals for leasehold land and deposits	₹	10,516	₹	10,397
Finance lease receivables		2,674		2,774
Deferred contract costs		3,175		2,986
Others		428		3,015
	₹	16,793	₹	19,172
Total	₹	47,544	₹	50,743

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11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31, 2017		June 30, 2017
Borrowings from banks	₹	122,903	₹	127,015
External commercial borrowings		9,728		9,686
Obligations under finance leases		8,280		7,933
Other loans		1,501		1,565
Total loans and borrowings	₹	142,412	₹	146,199
Current		122,801		113,712
Non-current		19,611		32,487

12. Other liabilities and provisions

	As at
	March 31, 2017		June 30, 2017
Other liabilities:
Current:
Statutory and other liabilities	₹	3,353	₹	4,110
Employee benefit obligations		5,912		6,146
Advance from customers		2,394		2,321
Others		1,368		2,334
	₹	13,027	₹	14,911
Non-current:
Employee benefit obligations	₹	4,235	₹	4,037
Others		1,265		392
	₹	5,500	₹	4,429
Total	₹	18,527	₹	19,340

	As at
	March 31, 2017		June 30, 2017
Provisions:
Current:
Provision for warranty	₹	436	₹	391
Others		834		799
	₹	1,270	₹	1,190
Non-current:
Provision for warranty	₹	4	₹	2
Total	₹	1,274	₹	1,192

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

13. Financial instruments

Derivative assets and liabilities:

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

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

(in millions)

	As at
	March 31, 2017		June 30, 2017
Designated derivative instruments
Sell: Forward contracts	$	886	$	959
	£	280	£	270
	€	228	€	218
	AUD	129	AUD	129
Range Forward Option contracts	$	130	$	58
Non designated derivative instruments
Sell: Forward contracts	$	889	$	765
	£	82	£	82
	€	83	€	50
	AUD	51	AUD	48
	SGD	3	SGD	3
	ZAR	262	ZAR	220
	CAD	41	CAD	27
	SAR	49	SAR	46
	AED	69	AED	10
	PLN	31	PLN	31
Range Forward Option contracts	$	—	$	4
Buy: Forward contracts	$	750	$	765

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

	As at June 30,
	2016			2017
Balance as at the beginning of the period	₹	2,367		₹	7,325
Deferred cancellation (loss)/gain, net		(11	)		1
Changes in fair value of effective portion of derivatives		1,945			(107	)
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions		(1,005	)		(2,853	)
Gain/(loss) on cash flow hedging derivatives, net	₹	929		₹	(2,959	)
Balance as at the end of the period	₹	3,296		₹	4,366
Deferred tax (liability)/asset thereon	₹	(416	)	₹	(543	)
Balance as at the end of the period, net of deferred tax	₹	2,880		₹	3,823

As at March 31, 2017, June 30, 2016 and 2017, 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.

17

The fair value of cash and cash equivalents, trade receivables, unbilled revenues, borrowings, trade payables, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. The Company’s long-term debt has been contracted at market rates of interest. Accordingly, the carrying value of such long-term debt approximates fair value. Further, finance lease receivables that are overdue are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated losses on these receivables. As of March 31,2017 and June 30, 2017, the carrying value of such receivables, net of allowances approximates the fair value.

Investments in liquid and short-term mutual funds, which are classified as fair value through Profit or Loss (FVTPL) are measured using net asset values at the reporting date multiplied by the quantity held. Fair value of investments in certificate of deposits, commercial papers classified as fair value through other comprehensive income (FVTOCI) is determined based on the indicative quotes of price and yields prevailing in the market at the reporting date. Fair value of investments in equity instruments classified as FVTOCI is determined using market and income approaches.

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, 2017											As at June 30, 2017
	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	₹	7,307		₹	—	₹	7,307		₹	—		₹	4,894		₹	—	₹	4,894		₹	—
Others		2,546			—		2,120			426			836			—		441			395
Investments:
Investment in liquid and short-term mutual funds		104,675			104,675		—			—			110,273			110,273		—			—
Other investments		569			—		569			—			596			—		596			—
Investment in equity instruments		5,303			—		—			5,303			5,205			—		—			5,205
Commercial paper, Certificate of deposits and bonds		145,614			—		145,614			—			161,433			—		161,433			—
Liabilities
Derivative instruments:
Cash flow hedges		(55	)		—		(55	)		—			(529	)		—		(529	)		—
Others		(2,655	)		—		(2,655	)		—			(2,097	)		—		(2,097	)		—
Contingent consideration		(339	)		—		—			(339	)		(297	)		—		—			(297	)

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

18

Derivative instruments (assets and liabilities): The Company enters into derivative financial instruments with various counter-parties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at June 30, 2017, 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 valuation is derived based on the indicative quotes of price and yields prevailing in the market as on 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, 2016	₹	4,907		₹	558		₹	(2,251	)
Additions		620			—			—
Payouts		—			—			138
Gain/loss recognized in statement of income		—			(132	)		1,546
Gain/loss recognized in foreign currency translation reserve		(41	)		—			198
Gain/loss recognized in other comprehensive income		(183	)		—			—
Finance expense recognized in statement of income		—			—			30
Balance as on March 31, 2017	₹	5,303		₹	426		₹	(339	)
Additions		243			—			—
Payouts		—			—			66
Transferred to investment in equity accounted investee		(354	)
Gain/loss recognized in statement of income		—			(31	)		4
Gain/loss recognized in foreign currency translation reserve		(13	)		—			(20	)
Gain/loss recognized in other comprehensive income		26			—			—
Finance expense recognized in statement of income		—			—			(8	)
Closing balance as on June 30, 2017	₹	5,205		₹	395		₹	(297	)

Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Movement by	Increase (₹)	Decrease (₹)
Unquoted equity investments	Discounted cash flow	Long term growth rate	0.5%	56	(52)
	model	Discount rate	0.5%	(95)	102
	Market multiple approach	Revenue multiple	0.5x	182	(188)
Derivative assets	Option pricing model	Volatility of comparable companies	2.5%	30	(30)
		Time to liquidation event	1 year	62	(71)
Contingent	Probability	Estimated revenue	5%	59	(59)
consideration	weighted method	achievement Estimated earnings achievement	1%	—	—

19

15. Foreign currency translation reserve

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

	As at
	June 30, 2016			June 30, 2017
Balance at the beginning of the period	₹	16,116		₹	13,107
Translation difference related to foreign operations, net		1,663			669
Change in effective portion of hedges of net investment in foreign operations		(136	)		41
Total change during the period	₹	1,527		₹	710
Balance at the end of the period	₹	17,643		₹	13,817

16. Income taxes

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

	Three months ended June 30,
	2016			2017
Income tax expense as per the statement of income	₹	6,122		₹	5,994
Income tax included in other comprehensive income on:
Unrealized gain on investment securities		326			211
Loss on cash flow hedging derivatives		(42	)		(876	)
Defined benefit plan actuarial gains/ (losses)		21			168
Total income taxes	₹	6,427		₹	5,497

Income tax expense consists of the following:

	Three months ended June 30,
	2016			2017
Current taxes
Domestic	₹	4,742		₹	4,115
Foreign		1,643			1,275
	₹	6,385		₹	5,390
Deferred taxes
Domestic	₹	(241	)	₹	806
Foreign		(22	)		(202	)
	₹	(263	)	₹	604
Total income tax expense	₹	6,122		₹	5,994

Income tax expense is net of reversal of provisions recorded in earlier periods, which are no longer required, amounting to ₹ 189 and ₹ 486 for the three months ended June 30, 2016 and 2017 respectively.

17. Revenues

	Three months ended June 30,
	2016		2017
Rendering of services	₹	129,321	₹	129,199
Sale of products		6,671		7,062
Total revenues	₹	135,992	₹	136,261

18. Expenses by nature

	Three months ended June 30,
	2016		2017
Employee compensation (refer note 22)	₹	66,177	₹	67,442
Sub-contracting/technical fees		20,360		20,247
Cost of hardware and software		6,555		6,790

20

	Three months ended June 30,
	2016		2017
Travel		5,529		4,366
Facility expenses		4,988		5,013
Depreciation, amortization and impairment		4,665		4,943
Communication		1,288		1,324
Legal and professional fees		1,282		1,101
Rates, taxes and insurance		537		484
Marketing and brand building		769		794
Provision for doubtful debts		289		526
Miscellaneous expenses		1,690		1,491
Total cost of revenues, selling and marketing and general and administrative expenses	₹	114,129	₹	114,521

19. Finance expense

	Three months ended June 30,
	2016		2017
Interest expense	₹	412	₹	696
Exchange fluctuation on foreign currency borrowings, net		924		778
Total	₹	1,336	₹	1,474

20. Finance and other income

	Three months ended June 30,
	2016		2017
Interest income	₹	4,732	₹	4,381
Dividend income		24		171
Unrealized gains/losses on financial instruments measured at fair value through profit or loss		76		845
Gain on sale of investments		368		803
Total	₹	5,200	₹	6,200

21. Earnings per equity share

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

Basic: Basic earnings per share is calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the period, excluding equity shares purchased by the Company and held as treasury shares. Earnings per share and number of share outstanding for the three months ended June 30, 2016 and 2017, have been proportionately adjusted for the bonus issue in the ratio of 1:1 as approved by the shareholders on June 03, 2017.

	Three months ended June 30,
	2016		2017
Profit attributable to equity holders of the Company	₹	20,518	₹	20,765
Weighted average number of equity shares outstanding		4,914,727,772		4,845,115,238
Basic earnings per share	₹	4.17	₹	4.29

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.

21

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

	Three months ended June 30,
	2016		2017
Profit attributable to equity holders of the Company	₹	20,518	₹	20,765
Weighted average number of equity shares outstanding		4,914,727,772		4,845,115,238
Effect of dilutive equivalent share options		12,066,964		5,955,705
Weighted average number of equity shares for diluted earnings per share		4,926,794,736		4,851,070,943
Diluted earnings per share	₹	4.16	₹	4.28

22. Employee compensation

a) Employee costs include:

	Three months ended June 30,
	2016		2017
Salaries and bonus	₹	64,055	₹	65,352
Employee benefit plans
Gratuity and other defined benefit plans		291		313
Contribution to provident and other funds		1,406		1,523
Share based compensation		425		254
	₹	66,177	₹	67,442

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

	Three months ended June 30,
	2016		2017
Cost of revenues	₹	55,811	₹	56,678
Selling and marketing expenses		6,737		7,018
General and administrative expenses		3,629		3,746
	₹	66,177	₹	67,442

The Company has granted Nil and 15,000 options under Restricted Stock Unit CRSU”) option plan and 7,500 and 85,000 under American Depository Shares CADS”) option plan during the three months ended June 30, 2016 and 2017 respectively.

23. Commitments and contingencies

Capital commitments: As at March 31, 2017 and June 30, 2017, the Company had committed to spend approximately ₹ 12,238 and ₹ 11,221 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, 2017 and June 30, 2017, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 22,023 and ₹ 20,358 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.

22

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 lOA 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, 2008. 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 to March 31, 2004.

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 year ended 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.

The Company received the draft assessment order for the year ended March 31, 2012 in March 2016 with a proposed demand of ₹4,241 (including interest of ₹ 1,376). Based on the DRP’s direction, allowing majority of the issues in favor of the Company, the assessing officer has passed the final order with Nil demand. However, on similar issue for earlier years, the Income Tax authorities have appealed before the Tribunal.

For year ended March 31, 2013 the Company received the draft assessment order in December 2016 with a proposed demand of ₹4, 118 (including interest of ₹ 1,278), arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. The Company has filed an objection before the DRP within the prescribed timelines.

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

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to ₹ 2,585 and ₹ 2,577 as of March 31, 2017 and June 30, 2017. 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.

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. The industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Lifesciences (HLS), Consumer Business Unit (CBU), Energy, Natural Resources and Utilities (END), Manufacturing and Technology (MNT) and Communications (COMM). IT Services segment also includes Others which comprises dividend income relating to strategic investments, which are presented within “Finance and other Income” in the statement of Income. Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services,

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

23

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

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

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

	IT Services																	IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		33,630		19,928		20,725		17,356		29,538		9,911		—		131,088			5,930			(42	)		136,976
Segment Result		6,994		2,855		3,775		3,025		5,954		1,502		—		24,105			(368	)		(53	)		23,684
Unallocated																(837	)		—			—			(837	)
Segment Result Total																23,268			(368	)		(53	)		22,847
Finance expense																									(1,336	)
Finance and other income																									5,200
Share of profit/(loss) of equity accounted investee																									—
Profit before tax																									26,711
Income tax expense																									(6,122	)
Profit for the period																									20,589
Depreciation, amortization and impairment																									4,665

Information on reportable segment for the three months ended June 30, 2017 is as follows:

	IT Services																IT Products		Reconciling Items		Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		Others		Total
Revenue		34,934		19,150		20,535		17,464		29,342		8,831		—		130,256		6,343		15		136,614
Segment Result		5,441		2,734		2,934		3,651		5,175		1,449		—		21,384		31		146		21,561
Unallocated																532		—		—		532
Segment Result Total																21,916		31		146		22,093
Finance expense																						(1,474	)
Finance and other income																						6,200
Share of profit/(loss) of equity accounted investee																						(1	)
Profit before tax																						26,818
Income tax expense																						(5,994	)
Profit for the period																						20,824
Depreciation, amortization and impairment																						4,943

24

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

	Three months ended June 30
	2016		2017
India	₹	12,799	₹	12,512
Americas		70,256		71,423
Europe		33,581		32,743
Rest of the world		20,340		19,936
	₹ 136,976		₹ 136,614

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

No client individually accounted for more than 10% of the revenues during the three months ended June 30, 2016 and 2017.

Notes:

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

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

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

d) 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).

e) 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.

f) 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. 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 and equity accounted investee as of June 30, 2017 is provided below:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC			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		USA
	Services, Inc.
	Wipro IT Services, Inc.		USA
		HPH Holdings Corp (A)	USA
		Appirio, Inc. (A)	USA

25

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Overseas IT Services Pvt. Ltd			India
Wipro Japan KK			Japan
Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings (Mauritius) Limited			Mauritius
	Wipro Holdings UK Limited		UK.
		Wipro Information Technology Austria GmbH (A)	Austria
		Wipro Digital Aps (A)	Denmark
		Wipro Europe Limited (A)	UK.
		Wipro Financial Services UK	UK.
		Limited
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 Holdings Investment Korlátolt Felelősségű Társaság	Hungary
	Wipro Technologies SA		Argentina
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Co. Limited *		Saudi Arabia
	Wipro Poland Sp. Z.o.o		Poland
	Wipro IT Services Poland Sp.zo.o		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South		South Africa
	Africa(Proprietary) Limited
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Services Ukraine LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. (A)	Portugal
		Wipro Technologies Limited,	Russia
		Russia Wipro Technology Chile SPA	Chile

26

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology	Kazakhstan
		Kazakhstan LLP
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services	Ireland
		(Ireland) Limited
		Wipro Technologies Norway AS	Norway
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C	Peru
		InfoSERVER S.A.	Brazil
	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 GmbH		Germany
		Cellent Mittelstandsberatung GmbH	Germany
		Cellent Gmbh (A)	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Wipro Airport IT Services Limited*			India
Appirio India Cloud Solutions Private 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 Co. 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 shareholder. 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 Technology Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Digital Aps, Cellent GmbH, HPH Holdings Corp. and Appirio, Inc. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information				Austria
Technology Austria GmbH	Wipro Technologies Austria GmbH			Austria
	New Logic Technologies SARL			France
Wipro Europe Limited				U.K.
	Wipro UK Limited			U.K.

27

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Portugal S.A.	Wipro Retail UK Limited			Portugal U.K.
	Wipro do Brasil Technologia Ltda			Brazil
	Wipro Technologies Gmbh			Germany
	Wipro Do Brasil Sistemetas De Informatica Ltd			Brazil
Wipro Digital Aps				Denmark
	Designit A/S			Denmark
		Designit Denmark A/S		Denmark
		Designit Munchen GmbH		Germany
		Designit Oslo A/S		Norway
		Designit Sweden AB		Sweden
		Designit T.L.V Ltd.		Israel
		Designit Tokyo Lt.d		Japan
		Denextep Spain		Spain
		Digital, S.L
			Designit	Colombia
			Colombia
			S A S
			Designit Peru SAC	Peru
Cellent GmbH				Austria
	Frontworx Informations			Austria
	technologie GmbH
HPH Holdings Corp.				USA
	HealthPlan Services Insurance Agency, Inc.			USA
	HealthPlan Services, Inc.			USA
Appirio, Inc.				USA
	Appirio, K.K			Japan
	Topcoder, Inc.			USA
	Appirio Ltd			Ireland
		Appirio GmbH		Germany
		Apprio Ltd (UK)		U.K.
		Saaspoint, Inc.		USA
	Appirio Singapore Pte Ltd			Singapore

As of June 30, 2017, the Company held 26% interest in Drivestream Inc., accounted for using the equity method.

26. Bank balances

Details of balances with banks as of June 30, 2017 are as follows:

Bank Name	In Current Account		In Deposit Account		Total
CITI Bank	₹	12,154	₹	1,059	₹	13,213
ICICI Bank		133		7,951		8,084
Indusind Bank		—		6,700		6,700
Deutsche Bank		100		4,500		4,600
YES Bank		27		4,202		4,229
HSBC Bank		2,060		1,446		3,506

28

Kotak Mahindra Bank		1		3,000		3,001
ANZ Bank		162		2,421		2,583
Wells Fargo Bank		2,227		—		2,227
Silicon Valley Bank		674		—		674
BNP Paribas		496		—		496
Standard Chartered Bank		335		—		335
Bank of Montreal		226		—		226
Saudi British Bank		171		—		171
Uni Credit Bank		153		—		153
State Bank of India		104		—		104
Others, including funds in transit cash and cheques on hand		3,746		269		4,015
Total	₹	22,769	₹	31,548	₹	54,317

27. Issue of Bonus shares

The bonus issue in the proportion of 1:1 i.e.1 (One) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity share held (including ADS holders) had been approved by the shareholders of the Company on June 03, 2017 through Postal Ballot / e-voting. For this purpose, June 14, 2017, has been fixed as the record date. Consequently, on June 15, 2017, the Company allotted 2,433,074,327 shares and ₹ 4,866 (representing par value of ₹ 2 per share) has been transferred from retained earnings to share capital.

28. Event after the reporting period

On July 20, 2017, the Board of Directors approved a buyback proposal, subject to the approval of shareholders of the Company through postal ballot, for purchase by the Company of up to 343.75 million shares of ₹ 2 each (representing 7.06% of total paid-up equity capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 320 per equity share for an aggregate amount not exceeding ₹ 110,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998.

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W-100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
July 20, 2017

29

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 THREE MONTHS ENDED JUNE 30, 2017 UNDER IFRS (IASB)

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

	Particulars	Quarter ended						Year ended
		June 30, 2017		March 31, 2017		June 30, 2016		March 31, 2017
1	Income
	a) Net Sales/income		136,261		139,875		135,992		550,402
	b) Other operating income		—		4,082		—		4,082
	c) Foreign exchange gains/(losses), net		353		745		984		3,777
	Total income		136,614		144,702		136,976		558,261
2	Expenses
	a) Purchase of stock-in-trade		6,306		5,381		7,580		25,560
	b) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		455		1,646		(1,069)		1,411
	c) Employee benefit expense		67,442		68,747		66,177		268,081
	d) Depreciation,amortisation and impairment		4,943		8,181		4,665		23,107
	e) Sub contracting/technical fees		20,247		21,244		20,360		82,747
	f) Other expenses		15,128		14,675		16,416		63,476
	Total expenses		114,521		119,874		114,129		464,382
3	Finance expenses		1,474		1,053		1,336		5,183
4	Finance and Other Income		6,200		5,636		5,200		21,660
5	Share of profits/(loss) of equity accounted investees		(1)		—		—		—
6	Profit before tax [1-2-3+4+5]		26,818		29,411		26,711		110,356
7	Tax expense		5,994		6,742		6,122		25,213
8	Net profit for the period [6-7]		20,824		22,669		20,589		85,143
9	Non Controlling Interest		59		58		71		248
10	Net profit after taxes and Non Controlling Interest [8-9]		20,765		22,611		20,518		84,895
11	Paid up equity share capital		9,732		4,861		4,941		4,861
	(Face value ₹ 2 per share)
12	Reserves excluding revaluation reserves and Non Controlling Interest as per balance sheet of previous accounting period								515,443
13	EARNINGS PER SHARE (EPS) (of ₹ 2/- each) (not annualised)
	Before extraordinary items
	Basic (in ₹)		4.29		4.68		4.17		17.48
	Diluted (in ₹)		4.28		4.66		4.16		17.43

1

1. The audited consolidated financial results of the Company for the three months ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion on the consolidated financial results.

2. The above consolidated 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. List of subsidiaries and equity accounted investee as of June 30, 2017 is provided below:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipxro LLC			USA
	Wipro Gallagher Solutions, Inc.		USA
		Opus Capital Markets Consultants LLC	USA
		Wipro Promax Analytics Solutions LLC	USA
	Infocrossing, Inc.		USA
	Wipro Insurance Solutions LLC Wipro Data Centre and Cloud Services, Inc. Wipro IT Services, Inc.		USA USA USA
		HPH Holdings Corp.(A) Appirio, Inc. (A)	USA 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 (A)	U.K.
		Wipro Financial Services UK Limited	U.K.
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC #		Qatar
	Wipro Technologies S.A DE C.V		Mexico
	Wipro BPO Philippines LTD. Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary

2

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Wipro Holdings Investment	Hungary
		Korlátolt Felelősségű Társaság
	Wipro Technologies SA		Argentina
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Co. Limited *		Saudi Arabia
	Wipro Poland Sp. Z.o.o		Poland
	Wipro IT Services Poland Sp.zo.o		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa(Proprietary) Limited Wipro IT Services Ukraine LLC		South Africa Nigeria Ukraine
		Wipro Technologies Nigeria Limited
	Wipro Information Technology Netherlands BV.		Netherlands
		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 Technologies Norway AS	Norway
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C InfoSERVER S.A.	Peru Brazil
	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

3

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	Rainbow Software LLC		Iraq
	Cellent GmbH		Germany
		Cellent Mittelstandsberatung GmbH	Germany
		Cellent Gmbh (A)	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Wipro Airport IT Services Limited *			India
Appirio India Cloud Solutions Private 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 Co. 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 shareholder. 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 Technology Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Digital Aps, Cellent GmbH, HPH Holdings Corp. and Appirio, Inc. 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.
	Wipro do Brasil Technologia Ltda			Brazil
	Wipro Technologies Gmbh			Germany
	Wipro Do Brasil Sistemetas De Informatica Ltd			Brazil
Wipro Digital Aps				Denmark
	Designit A/S			Denmark
		Designit Denmark A/S		Denmark
		Designit Munchen GmbH		Germany
		Designit Oslo A/S		Norway

4

Subsidiaries	Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Designit Sweden AB		Sweden
		Designit T.L.V Ltd.		Israel
		Designit Tokyo Lt.d		Japan
		Denextep Spain Digital, S.L		Spain
			Designit Colombia S A S	Colombia
			Designit Peru SAC	Peru
Cellent GmbH	Frontworx Informations technologie GmbH			Austria Austria
HPH Holdings Corp.	HealthPlan Services Insurance Agency, Inc. HealthPlan Services, Inc.			USA USA USA
Appirio, Inc.				USA
	Appirio, K.K Topcoder, Inc. Appirio Ltd			Japan USA Ireland
		Appirio GmbH Apprio Ltd (UK) Saaspoint, Inc.		Germany U.K. USA
	Appirio Singapore Pte Ltd			Singapore

As of June 30, 2017, the Company held 26% interest in Drivestream Inc., accounted for using the equity method.

4. 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. The industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Lifesciences (HLS), Consumer Business Unit (CBU), Energy, Natural Resources and Utilities (ENU), Manufacturing and Technology (MNT) and Communications (COMM). IT Services segment also includes Others which comprises dividend income relating to strategic investments, which are presented within “Finance and other Income” in the statement of Income. Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

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

5

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

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

Information on reportable segment for the three months ended June 30, 2017, March 31, 2017 and June 30, 2016, year ended March 31, 2017 is as follows:

Particulars	Quarter ended									Year ended
	June 30, 2017			March 31, 2017			June 30, 2016			March 31, 2017
	Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		34,934			34,911			33,630			135,967
HLS		19,150			20,456			19,928			82,242
CBU		20,535			21,204			20,725			83,417
ENU		17,464			17,515			17,356			68,883
MNT		29,342			30,657			29,538			119,175
COMM		8,831			9,278			9,911			38,756
Total of IT Services		130,256			134,021			131,088			528,440
IT Products		6,343			6,613			5,930			25,922
Reconciling Items		15			(14	)		(42	)		(183	)
Total Revenue		136,614			140,620			136,976			554,179
Other operating Income
IT Services		—			4,082			—			4,082
IT Products		—			—			—			—
Total Other Operating Income		—			4,082			—			4,082
Segment Result
IT Services
BFSI		5,441			5,153			6,994			24,939
HLS		2,734			(11	)		2,855			9,479
CBU		2,934			3,719			3,775			14,493
ENU		3,651			4,097			3,025			14,421
MNT		5,175			5,969			5,954			23,453
COMM		1,449			1,449			1,502			6,149
Unallocated		532			811			(837	)		(951	)
Other Operating Income		—			4,082			—			4,082
Total of IT Services		21,916			25,269			23,268			96,065
IT Products		31			(428	)		(368	)		(1,680	)
Reconciling Items		146			(13	)		(53	)		(506	)
Total		22,093			24,828			22,847			93,879
Finance Expense		(1,474	)		(1,053	)		(1,336	)		(5,183	)
Finance and Other Income		6,200			5,636			5,200			21,660
Share of profit/ (loss) of equity accounted investee		(1	)		—			—			—
Profit before tax		26,818			29,411			26,711			110,356

6

Notes:

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

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

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

d) For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues .

e) 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.

f) 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. 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.

g) Segment result of HLS industry vertical for the three months ended March 31,2017 is after considering the impact of impairment charge recorded on certain intangible assets recognized on acquisitions.

h) Net gain from sale of EcoEnergy division for the period ended March 31,2017 is included as part of IT Services segment result.

6. Business Combinations:

Appirio Inc.

On November 23, 2016, the Company obtained full control of Appirio Inc (“Appirio”). Appirio is a global services company that helps customers create next-generation employee and customer experiences using latest cloud technology services. This acquisition strengthens Wipro’s cloud application service offerings. The acquisition was consummated for a consideration of ₹ 32,402 (USD 475.6 million).

The following table presents the allocation of purchase price:

Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets	₹	526		(29	)	₹	497
Technology platform		436		(89	)		347
Customer related intangibles		—		2,323			2,323
Brand		180		2,968			3,148
Alliance relationship.		—		858			858
Deferred tax liabilities on intangible assets		—		(2,791	)		(2,791	)
Total	₹	1,142	₹	3,240			4,382
Goodwill							28,020
Total purchase price						₹	32,402

Net assets acquired include ₹ 85 of cash and cash equivalents and trade receivables valued at ₹ 2,363.

7

The goodwill of ₹ 28,020 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

During the three months June 30, 2017, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition. Comparatives have not been retrospectively revised as the amounts are not material.

7. Issue of Bonus shares

The bonus issue in the proportion of 1:1 i.e.1 (One) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity share held (including ADS holders) had been approved by the shareholders of the Company on June 03, 2017 through Postal Ballot /e-voting. For this purpose, June 14, 2017, has been fixed as the record date. Consequently, on June 15, 2017, the Company allotted 2,433,074,327 shares and ₹ 4,866 (representing par value of ₹ 2 per share) has been transferred from retained earnings to share capital.

Consequently, earnings per share for the comparative periods has been proportionately adjusted.

8. Event after the reporting period

On July 20, 2017, the Board of Directors approved a buyback proposal, subject to the approval of shareholders of the Company through postal ballot, for purchase by the Company of up to 343.75 million shares of ₹ 2 each (representing 7.06% of total paid-up equity capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 320 per equity share for an aggregate amount not exceeding ₹ 110,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998.

By order of the Board,	For, Wipro Limited
	Azim H Premji
Place: Bangalore
	Executive Chairman
Date: July 20, 2017	& Managing Director

8

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter ended June 30, 2017

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 17-18			FY 16-17
		Q1			FY			Q4			Q3			Q2			Q1
Revenue & OM%	IT Services Revenues ($MN)		1,971.7			7,704.5			1,954.6			1,902.8			1,916.3			1,930.8
	Sequential Growth		0.9	%		4.9	%		2.7	%		-0.7	%		-0.8	%		2.6	%
	Sequential Growth in Constant Currency*		0.3	%		7.0	%		1.7	%		0.6	%		0.9	%		2.0	%
	Operating Margin %		16.8	%		18.0	%		18.3	%		18.3	%		17.8	%		17.8	%
Service Line Mix	Practices
	Analytics		7.1	%		7.1	%		6.9	%		7.0	%		7.3	%		7.4	%
	Application Services		45.8	%		44.7	%		45.7	%		44.4	%		43.8	%		44.7	%
	Business Process Services		12.0	%		13.0	%		12.3	%		13.3	%		13.4	%		12.9	%
	Global Infrastructure Services		28.1	%		28.0	%		28.0	%		28.1	%		28.2	%		27.9	%
	Product Engineering		7.0	%		7.2	%		7.1	%		7.2	%		7.3	%		7.1	%
SBU Mix	Strategic Business Units
	Communications		6.8	%		7.3	%		6.9	%		7.4	%		7.5	%		7.6	%
	Consumer Business Unit		15.8	%		15.8	%		15.8	%		15.8	%		15.7	%		15.8	%
	Energy, Natural Resources & Utilities		13.4	%		13.1	%		13.1	%		13.0	%		12.9	%		13.2	%
	Banking, Financial Services and Insurance		26.7	%		25.7	%		26.0	%		25.5	%		25.5	%		25.6	%
	Healthcare and Lifesciences		14.8	%		15.6	%		15.4	%		16.0	%		16.0	%		15.3	%
	Manufacturing & Technology		22.5	%		22.5	%		22.8	%		22.3	%		22.4	%		22.5	%
Geography Mix	Geography
	Americas		54.5	%		54.7	%		54.9	%		55.5	%		54.8	%		53.5	%
	APAC and Other Emerging Markets		10.9	%		10.8	%		10.8	%		10.9	%		10.8	%		10.7	%
	Europe		24.2	%		24.4	%		24.4	%		23.6	%		24.0	%		25.4	%
	India & Middle East business		10.4	%		10.1	%		9.9	%		10.0	%		10.4	%		10.4	%
Guidance	Guidance ($MN)		1915-1955						1,922-1,941			1,916-1,955			1,931-1,950			1,901-1,939
	Guidance restated based on actual currency realized ($MN)		1927-1967						1,941-1,960			1,891-1,930			1,899-1,918			1,912-1,950
	IT Services Revenues ($MN)		1,971.7			7,704.5			1,954.6			1,902.8			1,916.3			1,930.8
Customer Relationships	Customer size distribution (TTM)
	> $100M		9			9			9			9			8			9
	> $75M		18			18			18			17			19			19
	> $50M		36			34			34			33			33			33
	> $20M		90			91			91			90			91			91
	> $10M		163			163			163			170			171			170
	> $5M		262			268			268			264			258			252
	> $3M		357			354			354			349			341			336
	> $1M		624			602			602			576			571			565
Customer Metrics	Revenue from Existing customers %		99.6	%		98.0	%		96.0	%		97.6	%		98.6	%		99.7	%
	Number of new customers		45			256			51			108			47			50
	Total Number of active customers		1244			1323			1323			1259			1180			1208
	Customer Concentration
	Top customer		2.9	%		2.7	%		2.9	%		2.8	%		2.6	%		2.5	%
	Top 5		10.3	%		10.0	%		10.0	%		10.0	%		10.1	%		10.3	%
	Top 10		17.5	%		17.1	%		16.9	%		16.9	%		17.5	%		17.6	%

* 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.

Page 1 of 2

		FY 17-18			FY16-17
		Q1			FY			Q4			Q3			Q2			Q1
Currency Mix	% of Revenue
	USD		59	%		61	%		60	%		61	%		61	%		60	%
	GBP		10	%		10	%		10	%		10	%		10	%		11	%
	EUR		9	%		9	%		9	%		9	%		9	%		9	%
	INR		8	%		7	%		7	%		7	%		8	%		8	%
	AUD		4	%		4	%		4	%		4	%		4	%		4	%
	CAD		3	%		2	%		3	%		2	%		2	%		2	%
	Others		7	%		7	%		7	%		7	%		6	%		6	%
	Closing Employee Count		166,790			165,481			165,481			164,176			159,791			158,272
	Utilization
	(IT Services excl. Infocrossing, BPS, Designit, cellent, HPS, Appirio, Infoserver and I&ME)
	Gross Utilization		72.0	%		71.5	%		73.1	%		71.6	%		71.2	%		69.9	%
	Net Utilization (Excluding Support)		80.3	%		80.2	%		81.9	%		80.0	%		80.2	%		78.8	%
	Net Utilization (Excluding Trainees)		82.1	%		82.3	%		84.8	%		81.9	%		82.8	%		79.7	%
	Attrition
	(IT Services excl BPS)
	Voluntary TTM		15.9	%		16.3	%		16.3	%		16.3	%		16.6	%		16.5	%
	Voluntary Quarterly Annualized		16.1	%		16.3	%		14.8	%		15.4	%		17.2	%		17.9	%
	BPS % - Quarterly		12.8	%		11.5	%		11.2	%		10.7	%		12.2	%		11.7	%
	BPS % - Post Training Quarterly		11.4	%		9.3	%		9.0	%		8.2	%		10.8	%		9.0	%
	Sales & Support Staff - IT Services		14,769			14,466			14,612			14,385			14,543			14,324

B. IT Services (Excluding Infocrossing, BPS, Designit, cellent, HPS, Appirio, Infoserver and I&ME)

Service delivery	Revenue from FPP	58.2	%	57.1	%	58.3	%	57.7	%	56.4	%	56.0	%
	Onsite Revenue - % of Services	53.6	%	53.7	%	52.8	%	53.5	%	53.9	%	54.4	%
	Off shore Revenue - % of Services	46.4	%	46.3	%	47.2	%	46.5	%	46.1	%	45.6	%

C. Growth Metrics For Quarter ended June 30, 2017

	Reported Currency Seq %			Reported Currency YoY %			Constant Currency Seq %			Constant Currency YoY %
IT Services		0.9	%		2.1	%		0.3	%		3.4	%
Strategic Business Units
Communications		-1.3	%		-8.3	%		-2.6	%		-7.8	%
Consumer Business Unit		0.4	%		1.9	%		0.1	%		2.9	%
Energy, Natural Resources & Utilities		3.2	%		3.1	%		2.2	%		7.0	%
Banking, Financial Services and Insurance		4.1	%		6.7	%		3.2	%		8.1	%
Healthcare and Lifesciences		-2.9	%		-1.0	%		-3.1	%		-0.6	%
Manufacturing & Technology		-0.6	%		2.1	%		-0.9	%		2.6	%
Geography
Americas		0.1	%		4.0	%		0.2	%		4.2	%
APAC and Other Emerging Markets		1.5	%		3.5	%		2.6	%		3.2	%
Europe		-0.1	%		-2.5	%		-2.6	%		3.1	%
India & Middle East business		6.7	%		2.4	%		5.1	%		-0.1	%
Practices
Analytics		4.4	%		-1.5	%		3.6	%		-0.1	%
Application Services		1.2	%		4.7	%		0.6	%		6.6	%
Business Process Services		-1.4	%		-4.5	%		-1.6	%		-3.5	%
Global Infrastructure Services		1.0	%		2.8	%		0.2	%		3.3	%
Product Engineering		-1.6	%		-0.7	%		-1.8	%		-0.2	%

D. Annexure to Datasheet

Segment-wise breakup of Cost of Revenues, S&M and G&A	Q1 FY 17-18 (INR Mn.)
Particulars	IT Services		IT Products		Reconciling Items		Total
Cost of revenues		91,185		5,896		30		97,111
Selling and marketing expenses		10,124		83		-61		10,146
General and administrative expenses		7,031		333		-100		7,264
Total		108,340		6,312		-131		114,521

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