6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934

For the month of October 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 September 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 October 17, 2017, we announced our results of operations for the three months ended September 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 October 17, 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 September 30, 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 September 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 September 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 September 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: October 18, 2017

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release.
99.2	Presentation made by the Company at the Press Conference on October 17, 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 September 30, 2017 under IFRS

IT Services Revenue crossed $2 billion for the quarter

Bangalore, India and East Brunswick, New Jersey, USA – October 17, 2017 -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended September 30, 2017.

Highlights of the Results

Ø Gross Revenues of Wipro Limited were ₹134.2 billion ($2.1 billion¹).

Ø IT Services Segment Revenues in dollar terms were $2,013.5 million, an increase of 2.1% sequentially (Non-GAAP constant currency increase of 0.3% sequentially) and 5.1% YoY (Non-GAAP constant currency increase of 2.8% YoY).

Ø IT Services Segment Profits² were ₹22.8 billion ($349 million¹), an increase of 4.0% sequentially.

Ø IT Services Margin for the quarter was 17.3%, as compared to 16.8% for the quarter ended June 30, 2017.

Ø Net Income³ for the quarter was ₹21.9 billion ($336 million¹), an increase of 5.5% sequentially and 6.0% YoY.

Performance for the quarter ended September 30, 2017

“We surpassed the milestone of $2 billion in quarterly revenues for IT Services on the back of rigorous execution of our strategy.” said Abidali Z. Neemuchwala, Chief Executive Officer and Member of the Board. “Our unique Digital capabilities powered growth in top clients and position us well to drive our clients’ digital transformation.”

“Productivity gains generated by our HOLMES automation suite and operational efficiencies overcame the incremental impact of wage hikes and expanded IT Services margin to 17.3%.” said Jatin Dalal, Chief Financial Officer.

Outlook for the Quarter ending December 31, 2017

We expect Revenues from our IT Services business to be in the range of $2,014 million to $2,054 million*.

* Guidance is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.19, AUD/USD at 0.81, USD/INR at 64.26 and USD/CAD at 1.23.

1. For the convenience of the reader, the amounts in Indian Rupees in this release have been translated into United States Dollars at the noon buying rate in New York City on September 30, 2017, for cable transfers in Indian Rupees, as certified by the Federal Reserve Board of New York, which was US $1= ₹65.30. However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2017 was US$1= ₹65.40

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 Update

Ø As disclosed earlier, on July 20, 2017 the Board approved a proposal for Buyback of up to 343.75 million equity shares at a price of ₹320 per equity share. The Buyback proposal was subsequently approved by the shareholders through postal ballot, the results of which were declared on August 30, 2017. The Buyback offer period will commence upon completion of regulatory requirements.

IT Services

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

A leading US-based chemical manufacturing company has awarded an IT applications and back office operations transformation contract to Wipro. Wipro will leverage its intellectual properties and technology solutions including Wipro HOLMES™ for this engagement.

Wipro has won a multi-year engagement with a leading multinational technology company to help deliver a software platform with high quality and reduced time to market. Wipro will support the client’s agile release model by driving automation, data-driven prioritization and optimization.

Wipro has won a multi-year engagement with an automotive Tier-I company for supporting and modernizing their IT infrastructure, across their global locations. This program will leverage the Wipro HOLMES^TM artificial intelligence platform to improve end user experience, reduce costs and drive innovation for the client.

Ooredoo Myanmar (OML), a telecom company has selected Wipro as its technology managed services partner. As part of the five-year engagement, Wipro will manage Ooredoo’s IT infrastructure in an agile delivery model and will leverage the Wipro HOLMES^TM artificial intelligence platform to drive hyper-automation. The engagement will help enhance the client’s business and operational agility, improve the time to market of their services and enhance end-customer experience through improved Quality of Service.

An Asian transport and infrastructure government body has selected Wipro as its strategic partner to develop and implement an integrated payment and collection system.

Wipro worked with leading US based Apparel and Footwear manufacturer to re-define their application support landscape leveraging hyper automation through Wipro HOLMES^TM, right shoring, redefining the operating model and driving improved end-user experience.

Digital highlights

Wipro continued its momentum in winning Digital deals globally as described below:

Wipro has won a large IoT and IT infrastructure modernization contract from a large Europe-based medical devices manufacturer. The engagement will help the client improve the product and service experience of their medical devices, across the globe, through enhanced after-sales remote monitoring support and predictive maintenance.

Wipro has won a large multi-year omni-channel customer experience transformation engagement from a leading telecom company in the APAC region. Wipro will leverage its digital engineering capabilities to improve customer advocacy, issue resolution rates and accelerate end-customers’ shift towards digital CRM and self-help channels.

A global pharmaceutical company has selected Wipro Digital to facilitate its transformation into a customer centric organization that is able to create internal and external value out of its vast amounts of health-related data. Wipro will bring new skills and ways of working to the organization aimed to imagine and launch innovative products based on data.

Wipro has been selected as the digital partner for a North American bank for consolidating their Cards portfolio into a single platform. The scope is end-to-end from planning to implementation. The engagement will involve transformation using automation, adoption of DevOps and Agile methodology.

Wipro has won an integrated cloud-based transformation deal, from a leading Latin American conglomerate, as part of a multi-year digital program. The engagement will involve simplifying commerce, Procure2Pay and Human Capital Management processes.

Wipro won a number of deals across business verticals in the cloud applications space leveraging Appirio Cloud Services. A couple of examples are as below

● A US-based voluntary health organization has selected Wipro as a lead partner to transform customer experience.

● A renowned private research institute has awarded Wipro a contract to build a new constituent management system on Salesforce.

Delivery Excellence

“Wipro’s proactive approach to Problem Management and Quality Assurance has added immeasurable value to our organization and has allowed us to remain proactive and meet any industry challenges we have faced. The close working relationship with Wipro has been very beneficial to us and ensured that when new opportunities arise we can deliver solutions in a timely manner. Culturally, Wipro is an excellent fit to our organization with our shared common values of integrity and sensitivity.” said Arnie Leap, Chief Information Officer, 1-800-Flowers.com, Inc.

“Wipro manages a large portion of our IT real estate and is a key player in our innovation ecosystem. Wipro’s process, technological and domain maturity as a customer centric and SMART IT organization has helped us build transformational capabilities and incubate ideas that help us improve health outcomes & enhance the experiences for our patients. We are planning to actively leverage Wipro’s HOLMES as a mechanism to drive experience, efficiency and economy across our value chain. As the leading biotech focused on rare disease, our partnership with Wipro has helped us unlock numerous business benefits while delivering exceptional value to patients and caregivers struggling with a life-altering condition.” said Gabriele Ricci, VP, Head of Digital Health and Emerging Technology, Shire.

Analyst Accolades and Awards

Wipro’s Open Banking API Platform won the 2017 API Awards at API World under the ‘Travel APIs’ category. Open Banking APIs enable banks / other financial value providers to gain insights into customer’s banking habits and data, thereby providing contextual suggestions for engagement.

Wipro is amongst the top 6 firms in the Constellation Research shortlist on “Synchronous Ledger Tech (Blockchain) Companies to Watch For”.

Wipro has been placed as a ‘Winner’ in three HfS Blueprints: Digital Technology Strategy and Consultancy Services; Application Development and Management Services 2017; and IT infra Management and Enterprise Cloud Services.

Wipro has been placed as a ‘Winner’ in the HfS Application Testing Services Supporting Digital Transformation Blueprint report 2017.

Wipro has been placed as a ‘Winner’ in the HfS Energy Operations Blueprint Report 2017.

Wipro has been placed as a ‘Winner’ in the HfS Embedded and Semiconductor Engineering Services Blueprint Report 2017.

IDC MarketScape has named Wipro as a ‘Leader’ in the IDC MarketScape: Worldwide Cloud ERP Implementation Services 2017 Vendor Assessment (Doc #US41523417, July 2017).

Wipro has been positioned as a Leader by Everest Group, a global independent consulting and research firm, in the PEAK Matrix™ Assessments for Automation in IT Application Dev-Test and Business Process Service Delivery Automation (BPSDA).

IT Products

Ø Revenue for the quarter ended September 30, 2017 was ₹3.0 billion ($46 million¹).

Ø IT Products Margin for the quarter was 2.9%, as compared to 0.5% for the quarter ended June 30, 2017.

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 September 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/wipro171017.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 Sep 30,
	2017		2017		2017
					Convenience translation into US dollar in millions (unaudited) - Refer   footnote 1 on Page 1
ASSETS
Goodwill		125,796		128,839		1,973
Intangible assets		15,922		20,571		315
Property, plant and equipment		69,794		71,803		1,100
Derivative assets		106		493		8
Investments		7,103		9,844		151
Investment in equity accounted investee				407		6
Trade receivables		3,998		4,179		64
Non-current tax assets		12,008		15,037		230
Deferred tax assets		3,098		3,088		47
Other non-current assets		16,793		15,755		241
Total non-current assets		254,618		270,016		4,135
Inventories		3,915		3,456		53
Trade receivables		94,846		99,887		1,530
Other current assets		30,751		31,484		482
Unbilled revenues		45,095		45,435		696
Investments		292,030		333,056		5,100
Current tax assets		9,804		6,132		94
Derivative assets		9,747		2,352		36
Cash and cash equivalents		52,710		51,412		787
Total current assets		538,898		573,214		8,778
TOTAL ASSETS		793,516		843,230		12,913
EQUITY
Share capital		4,861		9,733		149
Share premium		469		2,231		34
Retained earnings		490,930		529,496		8,109
Share based payment reserve		3,555		1,593		24
Other components of equity		20,489		19,397		297
Equity attributable to the equity holders of the Company		520,304		562,450		8,613
Non-controlling interest		2,391		2,445		37
Total equity		522,695		564,895		8,650
LIABILITIES
Long - term loans and borrowings		19,611		31,152		477
Deferred tax liabilities		6,614		7,464		114
Derivative liabilities		2		-		-
Non-current tax liabilities		9,547		8,607		132
Other non-current liabilities		5,500		4,605		71
Provisions		4		3		0
Total non-current liabilities		41,278		51,831		794
Loans, borrowings and bank overdrafts		122,801		114,210		1,749
Trade payables and accrued expenses		65,486		69,640		1,066
Unearned revenues		16,150		16,040		246
Current tax liabilities		8,101		7,420		114
Derivative liabilities		2,708		3,530		54
Other current liabilities		13,027		14,642		224
Provisions		1,270		1,022		16
Total current liabilities		229,543		226,504		3,469
TOTAL LIABILITIES		270,821		278,335		4,263
TOTAL EQUITY AND LIABILITIES		793,516		843,230		12,913

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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

	Three Months ended September 30,						Six Months ended September 30,
	2016		2017		2017		2016		2017		2017
					Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1						Convenience translation into US dollar in millions (unaudited) Refer   footnote 1 on Page 1
Gross revenues		137,657		134,234		2,056		273,649		270,495		4,142
Cost of revenues		(97,808)		(94,694)		(1,450)		(194,197)		(191,805)		(2,937)
Gross profit		39,849		39,540		606		79,452		78,690		1,205
Selling and marketing expenses		(9,614)		(9,867)		(151)		(19,755)		(20,013)		(306)
General and administrative expenses		(8,545)		(7,085)		(109)		(16,144)		(14,349)		(220)
Foreign exchange gains/(losses), net		1,281		453		7		2,265		806		12
Results from operating activities		22,971		23,041		353		45,818		45,134		691
Finance expenses		(1,428)		(1,386)		(21)		(2,764)		(2,860)		(44)
Finance and other income		5,105		6,661		102		10,305		12,861		197
Share of profits/(loss) of equity accounted investee		-		5		-		-		4		-
Profit before tax		26,648		28,321		434		53,359		55,139		844
Income tax expense		(5,909)		(6,426)		(98)		(12,031)		(12,420)		(190)
Profit for the period		20,739		21,895		336		41,328		42,719		654
Attributable to:
Equity holders of the company		20,672		21,917		336		41,190		42,682		653
Non-controlling interest		67		(22)		-		138		37		1
Profit for the period		20,739		21,895		336		41,328		42,719		654
Earnings per equity share:
Attributable to equity share holders of the company
Basic		4.27		4.52		0.07		8.44		8.81		0.13
Diluted		4.26		4.52		0.07		8.42		8.80		0.13
Weighted average number of equity shares used in computing earnings per equity share
Basic		4,841,242,274		4,845,485,149		4,845,485,149		4,878,025,634		4,844,289,024		4,844,289,024
Diluted		4,853,625,288		4,852,992,546		4,852,992,546		4,890,933,302		4,852,340,224		4,852,340,224
Additional Information
Segment Revenue
IT Services Business Units
BFSI		33,583		36,349		557		67,213		71,283		1,092
HLS		20,883		17,989		275		40,814		37,139		569
CBU		20,708		20,989		321		41,433		41,524		636
ENU		16,881		17,769		272		34,237		35,233		540
MNT		29,463		30,010		460		59,001		59,352		909
COMM		9,848		8,583		131		19,760		17,414		265
IT SERVICES TOTAL		131,366		131,689		2,016		262,458		261,945		4,011
IT PRODUCTS		7,666		2,988		47		13,596		9,331		143
RECONCILING ITEMS		(94)		10		-		(140)		25		0
TOTAL		138,938		134,687		2,063		275,914		271,301		4,154
Segment Result
IT Services Business Units
BFSI		6,379		6,055		93		13,373		11,496		176
HLS		3,234		2,698		41		6,090		5,432		83
CBU		3,584		3,244		50		7,359		6,178		95
ENU		3,443		3,435		53		6,468		7,086		109
MNT		6,175		5,400		83		12,129		10,575		162
COMM		1,594		1,147		18		3,096		2,596		40
OTHERS		-		-		-
UNALLOCATED		(1,037)		805		11		(1,874)		1,337		20
TOTAL IT SERVICES		23,372		22,784		349		46,641		44,700		685
IT PRODUCTS		(298)		88		1		(666)		119		2
RECONCILING ITEMS		(103)		169		3		(157)		315		5
TOTAL		22,971		23,041		353		45,818		45,134		691
FINANCE EXPENSE		(1,428)		(1,386)		(21)		(2,764)		(2,860)		(44)
FINANCE AND OTHER INCOME		5,105		6,661		102		10,305		12,861		197
SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE				5		-		-		4		0
PROFIT BEFORE TAX		26,648		28,321		434		53,359		55,139		844
INCOME TAX EXPENSE		(5,909)		(6,426)		(98)		(12,031)		(12,420)		(190)
PROFIT FOR THE PERIOD		20,739		21,895		336		41,328		42,719		654

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 September 30,2017
IT Services Revenue as per IFRS	$	2,013.5	IT Services Revenue as per IFRS	$	2,013.5
Effect of Foreign currency exchange movement	$	(36.6)	Effect of Foreign currency exchange movement	$	(44.1)
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	1,976.9	Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	1,969.4

EX-99.2

Performance for Quarter ended September 30, 2017 Jatin Dalal Chief Financial Officer October 17, 2017 Exhibit 99.2

Financial summary for the quarter ended September 30, 2017 All figures based on IFRS Q2’18 ( crores) Sequential Growth IT Services Revenue 13,169 1.1% Results from Operating Activities (EBIT) 2,278 4.0% Profit After Tax (PAT) 2,192 5.5% 1crore= 10million PAT refers to Profit for the period, attributable to equity holders of the Company Our Gross cash at September 30, 2017 was at ₹38,447 crores. IT Services Margin for the quarter expanded 48 bps to 17.3%. IT Services Revenue crossed $2.0 billion for the quarter IT Services Revenues in dollar terms grew 2.1% and 0.3% in constant currency sequentially Announced the acquisition of Cooper, a design & business consultancy to accelerate the expansion of digital capability in North America

Highlights for the quarter The number of customers in >50 buckets increased from 36 to 39. Opened a local innovation center in Mt View, California. 50+ client CXOs have visited in the first 50 days We trained 12,000 employees on digital skills. Digital revenues at 24.1% of IT Services revenues, now forms nearly a quarter of our IT Services business. Gross Utilization has expanded by 90 bps sequentially to end Q2 at 72.9% Generated productivity of 2,500 people in the L2 and above bucket leveraging Wipro HOLMESTM Top Ten accounts accelerated momentum by growing 4.9% sequentially.

IT Services - Revenue Dynamics forquarter ended September 30, 2017 Europe grew 5.8% sequentially and 9.8% YoY on reported currency. APAC and Other emerging markets grew 7.4% sequentially and 10.8%YoY on reported currency Geographies Financial Services grew 5.1% sequentially and 13.6% YoY on reported currency. Manufacturing & Technology grew 3.4% sequentially and 6.9% YoY on reported currency. Business units Services Application services grew 1.4% sequentially and 9% YoY on a reported currency basis Global Infrastructure Services grew 3.5% sequentially and 6.0% YoY on a reported currency basis

Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.19, AUD/USD at 0.81, USD/INR at 64.26 and USD/CAD at 1.23. Looking ahead for the quarter ending December 31, 2017 We expect the Revenue from our IT Services business to be in the range of $ 2,014 million to $2,054 million*. Jan Feb Apr May Jun Jul Aug Sep Oct Nov Dec 2017-18 Mar

Supplemental Data Key Operating Metrics of IT Services

Key Operating Metrics in IT Services for the Quarter ended September, 2017 Particulars Q2’18 Q1’18 Q2’17 Revenue Composition Communications 6.5% 6.8% 7.5% Finance Solutions 27.6% 26.7% 25.5% Manufacturing & Technology 22.8% 22.5% 22.4% Healthcare, Life Sciences & Services 13.7% 14.8% 16.0% Consumer 15.9% 15.8% 15.7% Energy, Natural Resources & Utilities 13.5% 13.4% 12.9% Geography Composition Americas 53.6% 54.5% 54.8% Europe 25.1% 24.2% 24.0% India & Middle East Business 9.9% 10.4% 10.4% APAC & Other Emerging Markets 11.4% 10.9% 10.8% People related Employee Count 163,759 166,790 159,791

Thank You Jatin.Dalal@wipro.com Jatin Dalal Chief Financial Officer

Appendix

Reconciliation of Selected GAAP measures to Non-GAAP measures WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores)   As of   September 30, 2017 Computation of Gross cash position   Cash and cash equivalents 5,141 Investments - Current 33,306 Total 38,447 WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores)   Three months ended Half year ended   September 30, 2017 September 30,2017 Profit for the period [A] 2,192 4,268     Computation of Free cash flow     Net cash generated from operating activities 1,734 4,690 Add/(deduct) cash inflow/(outflow) on :     Purchase of Property, plant and equipment (542) (962) Proceeds from sale of Property, plant and equipment 3 69 Free cash flow [B] 1,195 3,797 Free cash flow as a percentage of Net income [B/A] 55% 89%     Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended September 30, 2017 Three months ended September 30, 2017 IT Services Revenue as per IFRS $2013.5 IT Services Revenue as per IFRS $2,013.5 Effect of Foreign currency exchange movement $ (36.6) Effect of Foreign currency exchange movement $ (44.1) Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,976.9   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,969.4 Reconciliation of Non-GAAP constant currency Revenue Reconciliation of Gross Cash Reconciliation of Free Cash Flow

EX-99.3

Exhibit 99.3

Wipro Limited

Extract of audited financial results of Wipro Limited and its subsidiaries for the Quarter ended September 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     September 30, 2017	Six months ended     September 30, 2017	Quarter ended     September 30, 2016
Total income from operations (net)	134,687	271,301	138,938
Net Profit / (Loss) before tax, exceptional and extraordinary items	28,321	55,139	26,648
Net Profit / (Loss) before tax but after exceptional and   extraordinary items	28,321	55,139	26,648
Net Profit / (Loss) after tax, exceptional and extraordinary items	21,895	42,719	20,739
Total Comprehensive Income after tax	21,469	41,644	21,554
Equity Share Capital	9,733	9,733	4,861
Reserves excluding Revaluation Reserve	552,717	552,717	478,466
Earnings Per Share (after extraordinary items) (of ₹ 2/- each)
Basic:	4.52	8.81	4.27
Diluted:	4.52	8.80	4.26
The audited interim consolidated financial results of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. The statutory auditors have expressed an unmodified 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     September 30, 2017	Six months ended     September 30, 2017	Quarter ended     September 30, 2016
Total income from operations (net)	134,234	270,495	137,657
Net Profit / (Loss) before tax, exceptional and extraordinary items	28,323	55,143	26,681
Net Profit / (Loss) before tax but after exceptional and   extraordinary items	28,323	55,143	26,681
Net Profit / (Loss) after tax, exceptional and extraordinary items	21,896	42,722	20,771
Total Comprehensive Income after tax	21,432	41,623	21,636
Equity Share Capital	9,733	9,733	4,861
Reserves excluding Revaluation Reserve	549,094	549,094	474,767
Earnings Per Share (after extraordinary items ) (of ₹ 2/- each)
Basic:	4.52	8.81	4.28
Diluted:	4.52	8.80	4.27

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

The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars	Quarter ended     September 30, 2017	Six months ended     September 30, 2017	Quarter ended     September 30, 2016
Total income from operations (net)	110,505	222,033	114,538
Net Profit / (Loss) before tax, exceptional and extraordinary items	27,601	53,676	25,147
Net Profit / (Loss) before tax but after exceptional and extraordinary items	27,601	53,676	25,147
Net Profit / (Loss) after tax, exceptional and extraordinary items	21,343	41,611	19,321
Total Comprehensive Income after tax	18,507	37,418	21,546
Equity Share Capital	9,733	9,733	4,861
Reserves excluding Revaluation Reserve	495,294	495,294	423,614
Earnings Per Share (after extraordinary items) (of ₹ 2/- each)
Basic:	4.40	8.58	3.99
Diluted:	4.40	8.58	3.98

The audited interim financial results of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. The statutory auditors have expressed an unmodified 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 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 buyback proposal was also approved by the shareholders through postal ballot, the results of which were declared on August 30, 2017. Buy back offer period will commence on completion of regulatory requirements

	By Order of the Board,	Wipro Limited
	For Wipro Ltd.	Regd. Office: Doddakanneli,
Place: Bangalore	Azim H Premji	Sarjapur Road, Bangalore- 560035
Date: October 17, 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 AND SIX MONTHS ENDED SEPTEMBER 30, 2017

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 September 30,
	Notes		2017		2017		2017
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill		5		125,796		128,839		1,973
Intangible assets		5		15,922		20,571		315
Property, plant and equipment		4		69,794		71,803		1,100
Derivative assets		13,14		106		493		8
Investments		7		7,103		9,844		151
Investment in equity accounted investee		7		-		407		6
Trade receivables				3,998		4,179		64
Non-current tax assets				12,008		15,037		230
Deferred tax assets				3,098		3,088		47
Other non-current assets		10		16,793		15,755		241
Total non-current assets				254,618		270,016		4,135
Inventories		8		3,915		3,456		53
Trade receivables				94,846		99,887		1,530
Other current assets		10		30,751		31,484		482
Unbilled revenues				45,095		45,435		696
Investments		7		292,030		333,056		5,100
Current tax assets				9,804		6,132		94
Derivative assets		13,14		9,747		2,352		36
Cash and cash equivalents		9		52,710		51,412		787
Total current assets				538,898		573,214		8,778
TOTAL ASSETS				793,516		843,230		12,912
EQUITY
Share capital				4,861		9,733		149
Share premium				469		2,231		34
Retained earnings				490,930		529,496		8,109
Share based payment reserve				3,555		1,593		24
Other components of equity				20,489		19,397		297
Equity attributable to the equity holders of the Company				520,304		562,450		8,613
Non-controlling interest				2,391		2,445		37
Total equity				522,695		564,895		8,650
LIABILITIES
Long - term loans and borrowings		11		19,611		31,152		477
Deferred tax liabilities				6,614		7,464		114
Derivative liabilities		13,14		2		-		-
Non-current tax liabilities				9,547		8,607		132
Other non-current liabilities		12		5,500		4,605		71
Provisions		12		4		3		0
Total non-current liabilities				41,278		51,831		794
Loans, borrowings and bank overdrafts		11		122,801		114,210		1,749
Trade payables and accrued expenses				65,486		69,640		1,066
Unearned revenues				16,150		16,040		246
Current tax liabilities				8,101		7,420		114
Derivative liabilities		13,14		2,708		3,530		54
Other current liabilities		12		13,027		14,642		224
Provisions		12		1,270		1,022		16
Total current liabilities				229,543		226,504		3,469
TOTAL LIABILITIES				270,821		278,335		4,263
TOTAL EQUITY AND LIABILITIES				793,516		843,230		12,913

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-100018	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
October 17, 2017

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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

		Three months ended September 30,						Six months ended September 30,
	Notes	2016		2017		2017		2016		2017		2017
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues	17		137,657		134,234		2,056		273,649		270,495		4,142
Cost of revenues	18		(97,808)		(94,694)		(1,450)		(194,197)		(191,805)		(2,937)
Gross profit			39,849		39,540		606		79,452		78,690		1,205
Selling and marketing expenses	18		(9,614)		(9,867)		(151)		(19,755)		(20,013)		(306)
General and administrative expenses	18		(8,545)		(7,085)		(109)		(16,144)		(14,349)		(220)
Foreign exchange gains/(losses), net			1,281		453		7		2,265		806		12
Results from operating activities			22,971		23,041		353		45,818		45,134		691
Finance expenses	19		(1,428)		(1,386)		(21)		(2,764)		(2,860)		(44)
Finance and other income	20		5,105		6,661		102		10,305		12,861		197
Share of profits/(loss) of equity accounted investee	7				5		-		-		4		-
Profit before tax			26,648		28,321		434		53,359		55,139		844
Income tax expense	16		(5,909)		(6,426)		(98)		(12,031)		(12,420)		(190)
Profit for the period			20,739		21,895		336		41,328		42,719		654
Attributable to:
Equity holders of the Company			20,672		21,917		336		41,190		42,682		653
Non-controlling interest			67		(22)		-		138		37		1
Profit for the period			20,739		21,895		336		41,328		42,719		654
Earnings per equity share:	21
Attributable to equity share holders of the Company
Basic			4.27		4.52		0.07		8.44		8.81		0.13
Diluted			4.26		4.52		0.07		8.42		8.80		0.13
Weighted average number of equity shares used in computing earnings per equity share
Basic			4,841,242,274		4,845,485,149		4,845,485,149		4,878,025,634		4,844,289,024		4,844,289,024
Diluted			4,853,625,288		4,852,992,546		4,852,992,546		4,890,933,302		4,852,340,224		4,852,340,224

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- 100018	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
October 17, 2017

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 September 30,								Six month ended September 30,
	Notes		2016			2017			2017		2016			2017			2017
									Convenience translation into   US dollar in millions (unaudited) Refer Note 2(iv)								Convenience translation into   US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period				20,739			21,895			335		41,328			42,719			654
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)				8			53			1		80			371			6
Net change in fair value of financial instruments through OCI				-			307			5		-			330			5
				8			360			6		80			701			11
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences		15		(1,410	)		2,098			32		140			2,797			43
Net change in time value of option contracts designated as cash flow hedges		13,16		-			(20	)		-		(5	)		(13	)		-
Net change in intrinsic value of option contracts designated as cash flow hedges		13,16		1			(111	)		(2)		(23	)		(78	)		(1)
Net change in fair value of forward contracts designated as cash flow hedges		13,16		1,644			(2,870	)		(44)		2,643			(4,992	)		(76)
Net change in fair value of financial instruments through OCI		7,16		572			117			2		1,197			510			8
				807			(786	)		(12)		3,952			(1,776	)		(26)
Total other comprehensive income/(loss), net of taxes				815			(426	)		(6)		4,032			(1,075	)		(15)
Total comprehensive income for the period				21,554			21,469			329		45,360			41,644			639
Attributable to:
Equity holders of the Company				21,509			21,463			329		45,221			41,590			638
Non-controlling interest				45			6			-		139			54			1
				21,554			21,469			329		45,360			41,644			639

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- 100018	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
October 17, 2017

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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

											Other components of equity						Equity attributable to the equity holders of the Company
Particulars	No. of Shares		Share capital		Share premium		Retained earnings		Share based payment reserve		Foreign currency translation reserve		Cash flow hedging reserve		Other reserves				Non- controlling interest		Total equity
As at April 1, 2016		2,470,713,290		4,941		14,642		425,106		2,229		16,116		1,910		216		465,160		2,224		467,384
Total comprehensive income for the period
Profit for the period		-		-		-		41,190		-		-		-		-		41,190		138		41,328
Other comprehensive income		-		-				-		-		139		2,615		1,277		4,031		1		4,032
Total comprehensive income for the period		-		-		-		41,190		-		139		2,615		1,277		45,221		139		45,360
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		88,526		^		39		-		(39)		-		-		-		-		-		-
Issue of shares by controlled trust on exercise of options		-		-		-		271		(271)		-		-		-		-		-		-
Buyback of equity shares		(40,000,000)		(80)		(14,254)		(10,746)		-		-		-		80		(25,000)				(25,000)
Dividends		-		-		-		(2,911)		-		-		-		-		(2,911)				(2,911)
Compensation cost related to employee share based payment transactions		-		-		-		15		842		-		-		-		857		-		857
		(39,911,474)		(80)		(14,215)		(13,371)		532		-		-		80		(27,054)		-		(27,054)
As at September 30, 2016		2,430,801,816		4,861		427		452,925		2,761		16,255		4,525		1,573		483,327		2,363		485,690
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				73		6		6,803		41		243		68		24		7,258		35		7,293

^Value is less than ₹ 1 million.

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

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

											Other components of equity						Equity attributable to the equity holders of the Company
Particulars	No. of Shares*		Share capital		Share premium		Retained earnings		Share based payment reserve		Foreign currency translation reserve		Cash flow hedging reserve		Other reserves				Non-controlling interest		Total equity
As at April 1, 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		-		-		-		42,682		-		-		-		-		42,682		37		42,719
Other comprehensive income		-		-		-		-		-		2,780		(5,083)		1,211		(1,092)		17		(1,075)
Total comprehensive income for the period		-		-		-		42,682		-		2,780		(5,083)		1,211		41,590		54		41,644
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		2,715,879		6		1,762				(1,746)		-		-		-		22		-		22
Issue of shares by controlled trust on exercise of options^				-		-		743		(743)		-		-		-		-		-		-
Bonus issue of equity shares #		2,433,074,327		4,866		-		(4,866)		-		-		-		-		-		-		-
Compensation cost related to employee share based payment transactions		-		-		-		7		527		-		-		-		534		-		534
		2,435,790,206		4,872		1,762		(4,116)		(1,962)		-		-		-		556		-		556
As at September 30, 2017		4,866,690,771		9,733		2,231		529,496		1,593		15,887		823		2,687		562,450		2,445		564,895
Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				149		34		8,108		24		243		13		41		8,612		37		8,651

* Includes 13,728,607 and 24,966,985 treasury shares as of March 31, 2017 and September 30, 2017, respectively. Treasury shares as of September 30, 2017 includes the impact of bonus issue.    

^ 777,848 and 2,482,006 shares have been issued by the controlled trust on exercise of options for the six months ended September 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- 100018	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
October 17, 2017

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS

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

	Six months ended September 30,
	2016		2017		2017
					Convenience Translation into   USS in millions (Unaudited) Refer note 2 (iv)
Cash flows from operating activities:
Profit for the period		41,328		42,719		654
Adjustments to reconcile profit for the year to net cash generated from
Loss/(gain) on sale of property, plant and equipment and intangible assets, net		143		(163)		(2)
Depreciation, amortization and impairment		9,514		10,143		155
Unrealized exchange (gain)/loss, net		2,250		4,152		64
Gain on sale of investments, net		(812)		(1,967)		(30)
Share based compensation expense		831		527		8
Income tax expense		12,031		12,420		190
Dividend and interest income, net.		(8,538)		(9,489)		(145)
Other non-cash items		-		(201)		(3)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(187)		(4,404)		(67)
Unbilled revenues		(367)		(33)		(1)
Inventories		175		459		7
Other assets		41		520		8
Trade payables, accrued expenses, other liabilities and provisions		(566)		4,234		65
Unearned revenues		(3,048)		(194)		(3)
Cash generated from operating activities before taxes		52,795		58,723		900
Income taxes paid, net		(11,992)		(11,824)		(181)
Net cash generated from operating activities		40,803		46,899		719
Cash flows from investing activities:
Purchase of property, plant and equipment		(11,632)		(9,622)		(147)
Proceeds from sale of property, plant and equipment		168		689		11
Purchase of investments		(399,995)		(400,887)		(6,139)
Proceeds from sale of investments		348,262		362,041		5,544
Proceeds on adjustment of purchase consideration for business combination		114		-		-
Payment for business acquisitions including deposit in escrow, net of cash acquired		-		(6,132)		(94)
Interest received		9,850		7,934		122
Dividend received		77		319		5
Net cash used in investing activities		(53,156)		(45,658)		(698)
Cash flows from financing activities:
Proceeds from issuance of equity shares		*		22		*
Repayment of loans and borrowings		(39,191)		(69,887)		(1,070)
Proceeds from loans and borrowings		34,933		70,388		1,078
Payment for deferred contingent consideration in respect of business combinations		-		(66)		(1)
Payment for buy back of shares		(25,000)		-		-
Interest paid on loans and borrowings		(874)		(1,454)		(22)
Payment of cash dividend (including dividend tax thereon)		(2,911)		-		-
Net cash used in financing activities		(33,043)		(997)		(15)
Net (decrease)/ increase in cash and cash equivalents during the period		(45,396)		244		6
Effect of exchange rate changes on cash and cash equivalents		355		253		4
Cash and cash equivalents at the beginning of the period		98,392		50,718		777
Cash and cash equivalents at the end of the period (Note 9)		53,351		51,215		787
* 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 Firm’s Registration No: 117366W/W- 100018	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
October 17, 2017

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 October 17, 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.

(iv) Convenience translation (unaudited)

The accompanying interim condensed consolidated financial statements have been prepared and reported in Indian rupees, functional currency of Wipro Limited. Solely for the convenience of the readers, the interim condensed consolidated financial statements as of and for the three and six months ended September 30, 2017, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 65.30 (September 30, 2016: $ 1= ₹ 66.58), as published by the Federal Reserve Board of Governors on September 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.

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 effective as of April 1, 2017. Although this amendment applies 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 amendment 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.

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.

4.  Property, plant and equipment

	Land		Buildings			Plant and  machinery*			Furniture fixture 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			68		7			5		83
Additions		-			642			8,494		969			17		10,122
Disposal / adjustments		-			(8)			(4,103)		(380)			(53)		(4,544)
As at September 30, 2016	₹	3,695		₹	26,726		₹	104,039	₹	14,711		₹	558	₹	149,729
Accumulated depreciation/impairment:
As at April 1, 2016	₹	-		₹	5,344		₹	68,161	₹	11,318		₹	504	₹	85,327
Translation adjustment		-			3			25		8			2		38
Depreciation		-			506			7,173		530			9		8,218
Disposal / adjustments		-			(7)			(3,839)		(344)			(43)		(4,233)
As at September 30, 2016	₹	-		₹	5,846		₹	71,520	₹	11,512		₹	472	₹	89,350
Capital work-in-progress														₹	8,724
Net carrying value including Capital work-in-progress as at September 30, 2016														₹	69,103
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

	Land		Buildings			Plant and  machinery*			Furniture fixture and equipment		Vehicles			Total
Gross carrying value:
As at April 1, 2017	₹	3,814		₹	27,581		₹	108,967	₹	15,748		₹	432	₹	156,542
Translation adjustment		20			191			899		127			4		1,241
Additions		-			712			4,971		955			977		7,615
Additions through business combination		-			-			4		3			1		8
Disposal / adjustments		-			(79)			(2,597)		(405)			(183)		(3,264)
As at September 30, 2017	₹	3,834		₹	28,405		₹	112,244	₹	16,428		₹	1,231	₹	162,142
Accumulated depreciation/impairment:
As at April 1, 2017	₹	-		₹	6,361		₹	77,005	₹	11,968		₹	365	₹	95,699
Translation adjustment		-			39			530		67			1		637
Depreciation		-			534			7,045		651			179		8,409
Disposal / adjustments		-			(27)			(2,199)		(331)			(181)		(2,738)
As at September 30, 2017	₹	-		₹	6,907		₹	82,381	₹	12,355		₹	364	₹	102,007
Capital work-in-progress														₹	11,668
Net carrying value including Capital work-in-progress as at September 30, 2017														₹	71,803

^*Including computer equipment and software.

5.  Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2017	Six months ended September 30, 2017
Balance at the beginning of the period	₹       101,991	₹       125,796
Translation adjustment	(4,319)	2,305
Acquisition through business combination, net/ adjustments	28,124	738
Balance at the end of the period	₹        125,796	₹        128,839

	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		(49)			(21)			(70)
As at September 30, 2016	₹	18,249		₹	2,566		₹	20,815

	Intangible assets
	Customer    related		Marketing    related			Total
Accumulated amortization and impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		-			(6)			(6)
Amortization		1,019			217			1,236
As at September 30, 2016	₹	5,183		₹	1,153		₹	6,336
Net carrying value as at September 30, 2016	₹	13,066		₹	1,413		₹	14,479
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		5,434			169			5,603
Translation adjustment		626			98			724
As at September 30, 2017	₹	26,588		₹	6,546		₹	33,134
Accumulated amortization and impairment:
As at April 1, 2017	₹	9,264		₹	1,621		₹	10,885
Translation adjustment		4			10			14
Amortization		1,113			551			1,664
As at September 30, 2017	₹	10,381		₹	2,182		₹	12,563
Net carrying value as at September 30, 2017	₹	16,207		₹	4,364		₹	20,571

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

  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.

Other Business Combinations:

During six months ended September 30,2017, we completed three business combinations for a total consideration of ₹ 6,369 million. These transactions include (a) an acquisition of IT service provider which is focused on LATAM markets and (b) acquisition of intangible assets, assembled workforce and a multi -year service agreement which qualify as business combinations.

The following table presents the provisional allocation of purchase price:

  Description Purchase price allocated 

Net assets acquired	₹	15
Customer related intangibles		5,434
Other Intangible assets		168
Total		5,617
Goodwill		752
Total purchase price	₹	6,369

The pro-forma effects of these business combinations on the Company’s results were not material.

  7. Investments

Financial instruments consist of the following:

	As at
	March 31, 2017	September 30, 2017
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds (1)	₹  104,675	₹  119,104
Others	569	625
Financial instruments at FVTOCI
Equity instruments	5,303	6,041
Commercial paper, Certificate of deposits and bonds	145,614	164,032
Financial instruments at amortised cost
Inter corporate and term deposits(2) (3)	42,972	53,098
	₹  299,133	₹  342,900
Current	₹  292,030	₹  333,056
Non-current	₹  7,103	₹     9,844

⁽¹⁾  Investments in liquid and short-term mutual funds include investments amounting to ₹ 121 (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 ₹ 441 (March 31, 2017: ₹ 308).

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 September 30, 2017 was ₹ 407.

  8. Inventories

Inventories consist of the following:

	As at
	March 31, 2017		September 30, 2017
Stores and spare parts		₹               808	₹               774
Raw materials and components		1	-
Traded goods		3,106	2,682
		₹             3,915	₹             3,456

16

  9. Cash and cash equivalents

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

	As at
	March 31, 2017	September 30, 2017
Cash and bank balances	₹          27,808	₹          23,505
Demand deposits with banks (1)	24,902	27,907
	₹           52,710	₹           51,412

⁽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
	September 30, 2016	September 30, 2017
Cash and cash equivalents	₹          55,167	₹          51,412
Bank overdrafts	(1,816)	(197)
	₹          53,351	₹          51,215

  10. Other assets

	As at
	March 31, 2017	September 30, 2017
Current
Prepaid expenses and Deposits	₹          13,486	₹          13,689
Due from officers and employees	2,349	2,120
Finance lease receivables	1,854	1,839
Advance to suppliers	1,448	1,726
Deferred contract costs	4,270	4,422
Interest receivable	2,177	2,570
Balance with excise, customs and other authorities	2,153	2,169
Others	3,014	2,949
	₹          30,751	₹          31,484
Non-current
Prepaid expenses including rentals for leasehold land and Deposits	₹          10,516	₹          9,826
Finance lease receivables	2,674	2,826
Deferred contract costs	3,175	2,855
Others	428	248
	₹          16,793	₹          15,755
Total	₹           47,544	₹           47,239

  11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31, 2017	September 30, 2017
Borrowings from banks	₹        122,903	₹         126,690
External commercial borrowings	9,728	9,791
Obligations under finance leases	8,280	7,307
Term loans	1,501	1,574
	₹        142,412	₹         145,362
Current	₹          122,801	₹           114,210
Non-current	₹             19,611	₹             31,152

  12. Other liabilities and provisions

	As at
	March 31, 2017	September 30, 2017
Other liabilities:
Current:
Statutory and other liabilities	₹            3,353	₹             3,380
Employee benefits obligations	5,912	6,287
Advance from customers	2,394	2,779
Others	1,368	2,196
	₹          13,027	₹           14,642
Non-current:
Employee benefits obligations	₹            4,235	₹             4,225
Others	1,265	380
	₹            5,500	₹             4,605
Total	₹           18,527	₹            19,247
	As at
	March 31, 2017	September 30, 2017
Provisions:
Current:
Provision for warranty	₹               436	₹                332
Others	834	690
	₹            1,270	₹             1,022
Non-current:
Provision for warranty	₹                   4	₹                    3
	₹                    4	₹                     3
Total	₹             1,274	₹              1,025

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 monetary 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 monetary assets / liabilities, foreign currency forecasted cash flows and net investment in foreign operations. The counter parties in these derivative instruments are primarily banks and the Company considers the risks of non-performance by the counterparty as non-material.

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

(In Million)    

	As at
	March 31,             2017		September 30,             2017
Designated derivative instruments
Sell: Forward contracts		$            886	$          1083
		£            280	£            218
		€            228	€            202
		AUD      129	AUD      128
Range Forward Option contracts		$          130	$          15
Non designated derivative instruments
Sell: Forward contracts		$          889	$          826
		£            82	£            84
		€            83	€            62
		AUD      51	AUD     71
		SGD       3	SGD       -
		ZAR    262	ZAR    153
		CAD    41	CAD    25
		SAR      49	SAR      44
		AED    69	AED    28
		PLN    31	PLN    48
		CHF      -	CHF  10
		QAR     -	QAR   17
		TRY      -	TRY    19
		MXN    -	MXN   69
		NOK       -	NOK    46
Buy: Forward contracts		$         750	$         735
		JPY         -	JPY    556
		DKK       -	DKK    30

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

	As at September 30,
	2016	2017
Balance as at the beginning of the period	₹         2,367	₹         7,325
Deferred cancellation gain/(loss)	80	(2)
Changes in fair value of effective portion of derivatives	5,215	(1,030)
Net gain/(loss) reclassified to statement of income on occurrence of hedged transactions	(2,326)	(5,290)
Gain/(loss) on cash flow hedging derivatives, net	₹         2,969	₹       (6,322)
Balance as at the end of the period	₹         5,336	₹         1,003
Deferred tax asset/(liability) thereon	₹          (811)	₹          (180)
Balance as at the end of the period, net of deferred tax	₹         4,525	₹             823

As at March 31, 2017, September 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.

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 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 September 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 September 30, 2017
	Fair value measurements at reporting date using								Fair value measurements at reporting date using
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Derivative instruments:
Cash flow hedges	₹	7,307		₹     -		₹ 7,307		₹     -		₹    2,334		₹     -		₹ 2,334	₹	-
Others		2,546		-		2,120		426		511		-		142		369
Investments:
Investment in liquid and short-term mutual funds		104,675		104,675		-		-		119,104		119,104		-		-
Other investments		569		-		569		-		625		-		625		-
Investment in equity instruments		5,303		-		-		5,303		6,041		-		-		6,041
Commercial paper, Certificate of deposits and bonds		145,614		-		145,614		-		164,032		-		164,032		-
Liabilities
Derivative instruments:
Cash flow hedges		(55)		-		(55)		-		(1,328)		-		(1,328)		-
Others		(2,655)		-		(2,655)		-		(2,202)		-		(2,202)		-
Contingent consideration		(339)		-		-		(339)		(100)		-		-		(100)

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

Derivative instruments (assets and liabilities): The Company enters into derivative financial instruments with various counter-parties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at September 30,2017, 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 reporting date.

Details of assets and liabilities considered under Level 3 classification:

	Investments in equity     instruments		Derivative Assets – Others		Liabilities – Contingent consideration
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
Closing balance as on March 31, 2017		₹ 5,303		₹ 426		₹ (339)
Additions		750		-		-
Payouts		-		-		66
Transferred to investment in equity accounted investee		(354)		-		-
Gain/(loss) recognized in statement of income		-		(57)		162
Gain/(loss) recognized in foreign currency translation reserve		22		-		(28)
Gain/(loss) recognized in other comprehensive income		320		-		-
Finance expense recognized in statement of income		-		-		39
Closing balance as on September 30, 2017		₹ 6,041		₹ 369		₹ (100)

Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Movement by	Increase  (₹)	Decrease  (₹)
	Discounted cash	Long term growth rate	0.50%	56	(52)
Unquoted equity   investments	flow model	Discount rate	0.50%	(95)	102
	Market multiple approach	Revenue multiple	0.5x	182	(188)
Derivative assets	Option pricing model	Volatility of comparable companies	2.50%	30	(30)
		Time to liquidation event	1 year	62	(71)

15. Foreign currency translation reserve

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

	As at September 30,
	2016		2017
Balance at the beginning of the period		₹        16,116		₹        13,107
Translation difference related to foreign operations, net		194		2,844
Change in effective portion of hedges of net investment in foreign operations		(55)		(64)
Total change during the period		139		2,780
Balance at the end of the period		₹        16,255		₹        15,887

16. Income Taxes

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

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Income tax expense as per the statement of income		₹        5,909		₹        6,426		₹        12,031		₹        12,420
Income tax included in other comprehensive income on:
Unrealized gain on investment securities		303		55		629		266
Gain / (loss) on cash flow hedging derivatives		398		(363)		354		(1,239)
Defined benefit plan actuarial gains / (losses)		2		28		24		196
Total income taxes		₹        6,612		₹        6,146		₹        13,038		₹        11,643
Income tax expense consists of the following:
	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Current taxes
Domestic		₹        5,030		₹        4,790		₹        9,771		₹        8,904
Foreign		1,291		1,260		2,935		2,536
		6,321		6,050		12,706		11,440
Deferred taxes
Domestic		(95)		54		(336)		860
Foreign		(317)		322		(339)		120
		(412)		376		(675)		980
Total income tax expense		₹        5,909		₹        6,426		₹        12,031		₹        12,420

Income tax expense is net of reversal of provisions / (provisions recorded) pertaining to earlier periods, amounting to ₹ 475 and ₹ (132) for the three months ended September 30, 2016 and 2017 respectively and ₹ 663 and ₹ 354 the six months ended September 30, 2016 and 2017 respectively.

  17. Revenues

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Rendering of services	₹	129,613	₹	130,984	₹	258,934	₹	260,183
Sale of products		8,044		3,250		14,715		10,312
Total revenues	₹	137,657	₹	134,234	₹	273,649	₹	270,495

  18. Expenses by nature

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Employee compensation (refer note 22)	₹	67,105	₹	67,612	₹	133,282	₹	135,054
Sub-contracting/technical fees		19,919		21,503		40,279		41,750
Cost of hardware and software		7,502		2,901		14,057		9,691
Travel		5,036		4,536		10,565		8,902
Facility expenses		4,726		5,129		9,714		10,142
Depreciation, amortization and impairment		4,849		5,200		9,514		10,143
Communication		1,272		1,297		2,560		2,621
Legal and professional fees		1,232		1,043		2,514		2,144
Rates, taxes and insurance		673		567		1,210		1,051
Marketing and brand building		749		698		1,518		1,492
Provision for doubtful debts		1,175		346		1,464		872
Miscellaneous expenses		1,729		814		3,419		2,305
Total cost of revenues, selling and marketing and general and administrative expenses	₹	115,967	₹	111,646	₹	230,096	₹	226,167

  19. Finance expense

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Interest expense	₹	543	₹	709	₹	955	₹	1,405
Exchange fluctuation on foreign currency borrowings, net		885		677		1,809		1,455
Total	₹	1,428	₹	1,386	₹	2,764	₹	2,860

  20. Finance and other income

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Interest income	₹	4,195	₹	4,739	₹	8,927	₹	9,120
Dividend income		53		148		77		319
Unrealized gains/losses on financial instruments measured at fair value through profit or loss		413		610		489		1,455
Gain on sale of investments		444		1,164		812		1,967
Total	₹	5,105	₹	6,661	₹	10,305	₹	12,861

  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 and six months ended September 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 September 30,				Six months ended September 30,
	2016		2017		2016		2017
Profit attributable to equity holders of the Company	₹	20,672	₹	21,917	₹	41,190	₹	42,682
Weighted average number of equity shares outstanding		4,841,242,274		4,845,485,149		4,878,025,634		4,844,289,024
Basic earnings per share	₹	4.27	₹	4.52	₹	8.44	₹	8.81

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

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

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Profit attributable to equity holders of the Company	₹	20,672	₹	21,917	₹	41,190	₹	42,682
Weighted average number of equity shares outstanding		4,841,242,274		4,845,485,149		4,878,025,634		4,844,289,024
Effect of dilutive equivalent share options		12,383,014		7,507,397		12,907,668		8,051,200
Weighted average number of equity shares for diluted earnings per share		4,853,625,288		4,852,992,546		4,890,933,302		4,852,340,224
Diluted earnings per share	₹	4.26	₹	4.52	₹	8.42	₹	8.80

  22. Employee benefits

a) Employee costs include:

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Salaries and bonus	₹	64,955	₹	65,432	₹	129,010	₹	130,738
Employee benefit plans
Gratuity and other defined benefit plans		241		244		532		557
Contribution to provident and other funds		1,503		1,709		2,909		3,232
Share based compensation		406		227		831		527
	₹	67,105	₹	67,612	₹	133,282	₹	135,054

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

	Three months ended September 30,				Six months ended September 30,
	2016		2017		2016		2017
Cost of revenues	₹	56,403	₹	57,099	₹	112,212	₹	113,777
Selling and marketing expenses		6,849		6,741		13,586		13,759
General and administrative expenses		3,853		3,772		7,484		7,518
	₹	67,105	₹	67,612	₹	133,282	₹	135,054

The Company has granted 3,041,800 and 3,056,800 options under RSU option plan during the three and six months ended September 30, 2017 respectively (25,000 and 25,000 for the three and six months ended September 30, 2016); 2,623,400 and 2,708,400 options under ADS option plan during the three and six months ended September 30, 2017 respectively (Nil and 7,500 for three and six months ended September 30, 2016).

The Company has also granted Nil and 1,097,600 Performance based stock options (RSU) during the three and six months ended September 30, 2017 respectively (79,000 and 79,000 for the three and six months ended September 30, 2016); Nil and 1,113,600 Performance based stock options (ADS) during the three and six months ended September 30, 2017 respectively (188,000 and 188,000 for three and six months ended September 30, 2016).

The RSU grants were issued under Wipro Employee Restricted Stock Unit plan 2007 (WSRUP 2007 plan) and the ADS grants were issued under Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan).

  23. Commitments and contingencies

Capital commitments: As at March 31, 2017 and September 30, 2017, the Company had committed to spend approximately ₹ 12,238 and ₹ 12,914 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 September 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 ₹ 19,446 respectively, as part of the bank line of credit.

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

In March 2004, the Company received a tax demand for year ended March 31, 2001 arising primarily on account of denial of deduction under section 10A of the Income Tax Act, 1961 (Act) in respect of profit earned by the Company’s undertaking in Software Technology Park at Bangalore. The same issue was repeated in the successive assessments for the years ended March 31, 2002 to March 31, 2011 and the aggregate demand is ₹ 47,583 (including interest of ₹ 13,832). The appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 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. Company has received DRP direction in September 2017 and the same are in line with earlier assessment years, except few issues. Company will file appeal before Income Tax Appellate Tribunal on the receipt of Final Order.

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 ₹ 2,597 as of March 31, 2017 and September 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 (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.

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

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

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

	IT Services								IT Products	Reconciling  Items	Company total
	BFSI	HLS	CBU	ENU	MNT	COMM	others	Total
Revenue	33,583	20,883	20,708	16,881	29,463	9,848	-	131,366	7,666	(94)	138,938
Segment Result	6,379	3,234	3,584	3,443	6,175	1,594	-	24,409	(298)	(103)	24,008
Unallocated								(1,037)	-	-	(1,037)
Segment Result Total								23,372	(298)	(103)	22,971
Finance expense											(1,428)
Finance and other income											5,105
Share of profit/ (loss) of equity accounted investee											-
Profit before tax											26,648
Income tax expense											(5,909)
Profit for the period											20,739
Depreciation and amortization											4,849
Information on reportable segment for the six months ended September 30, 2016 is as follows:
	IT Services								IT Products	Reconciling  Items	Company total
	BFSI	HLS	CBU	ENU	MNT	COMM	others	Total
Revenue	67,213	40,814	41,433	34,237	59,001	19,760	-	262,458	13,596	(140)	275,914
Segment Result	13,373	6,090	7,359	6,468	12,129	3,096	-	48,515	(666)	(157)	47,692
Unallocated								(1,874)	-	-	(1,874)
Segment Result Total								46,641	(666)	(157)	45,818
Finance expense											(2,764)
Finance and other income											10,305
Share of profit/ (loss) of equity accounted investee											-
Profit before tax											53,359
Income tax expense											(12,031)
Profit for the period											41,328
Depreciation and amortization											9,514

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

	IT Services								IT Products	Reconciling Items	Company total
	BFSI	HLS	CBU	ENU	MNT	COMM	others	Total
Revenue	36,349	17,989	20,989	17,769	30,010	8,583		131,689	2,988	10	134,687
Segment Result	6,055	2,698	3,244	3,435	5,400	1,147		21,979	88	169	22,236
Unallocated								805	-	-	805
Segment Result Total								22,784	88	169	23,041
Finance expense											(1,386)
Finance and other income											6,661
Share of profit/ (loss) of equity accounted investee											5
Profit before tax											28,321
Income tax expense											(6,426)
Profit for the period											21,895
Depreciation and amortization											5,200

Information on reportable segment for the six months ended September 30, 2017 is as follows:

	IT Services																IT Products		Reconciling Items		Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		others		Total
Revenue		71,283		37,139		41,524		35,233		59,352		17,414		-		261,945		9,331		25	271,301
Segment Result		11,496		5,432		6,178		7,086		10,575		2,596		-		43,363		119		315	43,797
Unallocated																1,337		-		-	1,337
Segment Result Total																44,700		119		315	45,134
Finance expense																					(2,860)
Finance and other income																					12,861
Share of profit/ (loss) of equity accounted investee																					4
Profit before tax																					55,139
Income tax expense																					(12,420)
Profit for the period																					42,719
Depreciation and amortization																					10,143

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

	Three months ended September 30,		Six months ended September 30,
	2016	2017	2016	2017
India	₹        11,729	₹        10,018	₹         24,528	₹         22,530
Americas	72,879	70,768	143,135	142,191
Europe	32,985	33,404	66,566	66,147
Rest of the world	21,345	20,497	41,685	40,433
	138,938	134,687	275,914	271,301

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

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

Notes:

a) “Reconciling items” includes elimination of inter-segment transactions and other corporate activities.

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

c) 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).

d) 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.

e) 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 September 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 Wipro Data Centre and Cloud Services, Inc. (formerly Macaw Merger, 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		Austria
		Wipro Technologies Austria GmbH	Austria
		New Logic Technologies SARL	France
	Wipro Digital Aps		Denmark
		Designit A/S	Denmark
	Wipro Europe Limited		U.K.
		Wipro UK Ltd	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

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	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 Africa (Proprietary) Limited		South Africa
		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
		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

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	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	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 share holder. However, the beneficial interest in these holdings is with the Company.

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

^(A) Step Subsidiary details of Wipro Portugal S.A, Wipro Digital A/S, Cellent GmbH, HPH Holdings Corp. and Appirio, Inc. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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
Designit A/S			Denmark
	Designit Denmark A/S		Denmark
	Designit Munich GmbH		Germany
	Designit Oslo A/S		Norway
	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

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Cellent GmbH			Austria
	Frontworx		Austria
	InformationstechnologieGmbH
HPH Holdings Corp.			USA
	HealthPlan Services Insurance		USA
	Agency, Inc.
	HealthPlan Services, Inc.		USA
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, Inc.		USA
	Appirio Ltd		Ireland
		Appirio GmbH	Germany
		Apprio Ltd (UK)	UK
		Saaspoint, Inc	USA
	Appirio Singapore Pte Ltd		Singapore

As of September 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 September 30, 2017 are as follows:

Bank Name	In Current Account	In Deposit Account	Total
Citi Bank	12,035	662	12,697
HSBC Bank	4,336	7,385	11,721
Deutsche Bank	17	4,500	4,517
YES	-	4,216	4,216
ANZ Bank	200	3,166	3,366
Indus Ind Bank	-	3,200	3,200
Kotak Mahindra Bank	1	3,000	3,001
Wells Fargo Bank	2,128	-	2,128
HDFC Bank	6	1,000	1,006
Standard Chartered Bank	682	-	682
ICICI Bank	167	465	632
BNP Paribas	525	-	525
Silicon Valley Bank	328	-	328
Indian Overseas Bank	-	236	236
Bank of Montreal	145	-	145
Saudi British Bank	131	-	131
Unicredit Bank Austria AG	125	-	125
Funds in Transit	873	-	873
Others	1,806	77	1,883
Total	23,505	27,907	51,412

  27. Buyback of equity shares

On July 20, 2017, the Board of Directors approved a buyback proposal 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 buyback proposal was also approved by the shareholders through postal ballot, the results of which were declared on August 30, 2017. Buy back offer period will commence on completion of regulatory requirements.

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
October 17, 2017

35

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 AND SIX MONTHS ENDED SEPTEMBER 30, 2017 UNDER IFRS (IASB)

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

	Particulars	Three months ended			Six months ended		Year ended
		September  30, 2017	June   30, 2017	September  30, 2016	September  30, 2017	September  30, 2016	March    31, 2017
1	Income from operations
	a) Net Sales/Income	134,234	136,261	137,657	270,495	273,649	550,402
	b) Other operating income	-	-	-	-	-	4,082
	c) Foreign exchange gains/(losses), net	453	353	1,281	806	2,265	3,777
	Total income from operations	134,687	136,614	138,938	271,301	275,914	558,261
2	Expenses
	a) Purchase of stock-in-trade	2,939	6,306	6,206	9,245	13,786	25,560
	b) (Increase)/Decrease in inventories of finished stock,  work-in-progress and stock in process	(30)	455	1,248	425	179	1,411
	c) Employee benefit expense	67,612	67,442	67,105	135,054	133,282	268,081
	d) Depreciation,amortisation and impairment	5,200	4,943	4,849	10,143	9,514	23,107
	e) Sub contracting/technical fees	21,503	20,247	19,919	41,750	40,279	82,747
	f) Other expenses	14,422	15,128	16,640	29,550	33,056	63,476
	Total expenses	111,646	114,521	115,967	226,167	230,096	464,382
3	Finance expenses	1,386	1,474	1,428	2,860	2,764	5,183
4	Finance and Other Income	6,661	6,200	5,105	12,861	10,305	21,660
5	Share of profits/(loss) of equity accounted investees	5	(1)	-	4	-	-
6	Profit before tax [1-2-3+4+5]	28,321	26,818	26,648	55,139	53,359	110,356
7	Tax expense	6,426	5,994	5,909	12,420	12,031	25,213
8	Net profit for the period [6-7]	21,895	20,824	20,739	42,719	41,328	85,143
9	Non Controlling Interest	(22)	59	67	37	138	248
10	Net profit after taxes and Non Controlling Interest [8-9]	21,917	20,765	20,672	42,682	41,190	84,895
11	Paid up equity share capital	9,733	9,732	4,861	9,733	4,861	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 ₹)	4.52	4.29	4.27	8.81	8.44	17.48
	Diluted (in ₹)	4.52	4.28	4.26	8.80	8.42	17.43

1

1. The audited consolidated financial results of the Company for the three and six months ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion on the consolidated financial results. Amounts for the previous three and six months ended September 30, 2016 and year ended March 31, 2017 were audited by B S R & Co. LLP.

2. The above consolidated financial results have been prepared from the interim condensed consolidated 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 investees as of September 30, 2017 are provided in the table 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 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		Austria
		Wipro Technologies Austria GmbH	Austria
		New Logic Technologies SARL	France
	Wipro Digital Aps		Denmark
		Designit A/S	Denmark
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.

2

Subsidiaries	Subsidiaries	Subsidiaries	Country of      Incorporation
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC #		Qatar
	Wipro Technologies S.A DE C.V		Mexico
	Wipro BPO Philippines LTD. Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary
		Wipro 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 Wipro Technologies South Africa (Proprietary) Limited		Ghana South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine LLC Wipro Information Technology Netherlands BV.		Ukraine 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 (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

3

Subsidiaries	Subsidiaries	Subsidiaries	Country of  Incorporation
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited Wipro Technologies SDN BHD		China 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 Portugal S.A, Digital A/s, Cellent GmbH, HPH Holdings Corp. and Appirio, Inc. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Country            of Incorporation
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 DeInformatica Ltd		Brazil
Designit A/S			Denmark
	Designit Denmark A/S		Denmark
	Designit Munich GmbH		Germany
	Designit Oslo A/S		Norway
	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.		USA USA
	HealthPlan Services, Inc.		USA

4

Subsidiaries	Subsidiaries	Subsidiaries	Country            of Incorporation
Appirio, Inc.	Appirio, K.K Topcoder, Inc. Appirio Ltd	Appirio GmbH Apprio Ltd (UK) Saaspoint, Inc.	USA Japan USA Ireland Germany U.K. USA
	Appirio Singapore Pte Ltd		Singapore

As of September 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.

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.

5

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

Particulars	Three months ended			Six months ended		Year ended
	September   30, 2017	June     30,2017	September   30, 2016	September   30, 2017	September   30, 2016	March       31, 2017
	Audited	Audited	Audited	Audited	Audited	Audited
Revenue
IT Services
BFSI	36,349	34,934	33,583	71,283	67,213	135,967
HLS	17,989	19,150	20,883	37,139	40,814	82,242
CBU	20,989	20,535	20,708	41,524	41,433	83,417
ENU	17,769	17,464	16,881	35,233	34,237	68,883
MNT	30,010	29,342	29,463	59,352	59,001	119,175
COMM	8,583	8,831	9,848	17,414	19,760	38,756
Total of IT Services	131,689	130,256	131,366	261,945	262,458	528,440
IT Products	2,988	6,343	7,666	9,331	13,596	25,922
Reconciling Items	10	15	(94)	25	(140)	(183)
Total Revenue	134,687	136,614	138,938	271,301	275,914	554,179
Other operating Income
IT Services	-	-	-	-	-	4,082
IT Products	-	-	-	-	-	-
Total Other Operating Income	-	-	-	-	-	4,082
Segment Result
IT Services
BFSI	6,055	5,441	6,379	11,496	13,373	24,939
HLS	2,698	2,734	3,234	5,432	6,090	9,479
CBU	3,244	2,934	3,584	6,178	7,359	14,493
ENU	3,435	3,651	3,443	7,086	6,468	14,421
MNT	5,400	5,175	6,175	10,575	12,129	23,453
COMM	1,147	1,449	1,594	2,596	3,096	6,149
Unallocated	805	532	(1,037)	1337	(1,874)	(951)
Other Operating Income	-	-	-			4,082
Total of IT Services	22,784	21,916	23,372	44,700	46,641	96,065
IT Products	88	31	(298)	119	(666)	(1,680)
Reconciling Items	169	146	(103)	315	(157)	(506)
Total	23,041	22,093	22,971	45,134	45,818	93,879
Finance Expense	(1,386)	(1,474)	(1,428)	(2,860)	(2,764)	(5,183)
Finance and Other Income	6,661	6,200	5,105	12,861	10,305	21,660
Share of profit/ (loss) of equity accounted investee	5	(1)	-	4	-	-
Profit before tax	28,321	26,818	26,648	55,139	53,359	110,356

6

Notes:

a) “Reconciling items” includes elimination of inter-segment transactions and other corporate activities.

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

c) 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).

d) 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.

e) 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.

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

7

5. Statement of Assets and Liabilities

	As at September 31,		As at March 31
	2017		2017
ASSETS
Goodwill		128,839		125,796
Intangible assets		20,571		15,922
Property, plant and equipment		71,803		69,794
Derivative assets		493		106
Investments		9,844		7,103
Investment in equity accounted investee		407		-
Trade receivables		4,179		3,998
Non-current tax assets		15,037		12,008
Deferred tax assets		3,088		3,098
Other non-current assets		15,755		16,793
Total non-current assets		270,016		254,618
Inventories		3,456		3,915
Trade receivables		99,887		94,846
Other current assets		31,484		30,751
Unbilled revenues		45,435		45,095
Investments		333,056		292,030
Current tax assets		6,132		9,804
Derivative assets		2,352		9,747
Cash and cash equivalents		51,412		52,710
Total current assets		573,214		538,898
TOTAL ASSETS		843,230		793,516
EQUITY
Share capital		9,733		4,861
Share premium		2,231		469
Retained earnings		529,496		490,930
Share based payment reserve		1,593		3,555
Other components of equity		19,397		20,489
Equity attributable to the equity holders of the company		562,450		520,304
Non-controlling interest		2,445		2,391
Total equity		564,895		522,695
LIABILITIES
Long - term loans and borrowings		31,152		19,611
Deferred tax liabilities		7,464		6,614
Derivative liabilities		-		2
Non-current tax liability		8,607		9,547
Other non-current liabilities		4,605		5,500
Provisions		3		4
Total non-current liabilities		51,831		41,278
Loans and borrowings and bank overdrafts		114,210		122,801
Trade payables and accrued expenses		69,640		65,486
Unearned revenues		16,040		16,150
Current tax liabilities		7,420		8,101
Derivative liabilities		3,530		2,708
Other current liabilities		14,642		13,027
Provisions		1,022		1,270
Total current liabilities		226,504		229,543
TOTAL LIABILITIES		278,335		270,821
TOTAL EQUITY AND LIABILITIES		843,230		793,516

8

6. Buyback of equity shares:

On July 20, 2017, the Board of Directors approved a buyback proposal 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 buyback proposal was also approved by the shareholders through postal ballot, the results of which were declared on August 30, 2017. Buy back offer period will commence on completion of regulatory requirements.

By order of the Board,	For, Wipro Limited
	Azim H Premji
Place: Bangalore	Executive Chairman &
Date: October 17, 2017	Managing Director

9

EX-99.6

Exhibit 99.6

Wipro Limited
Results for the Quarter ended September 30, 2017 Operating Metrics Pertaining to IT Services Segment
A. IT Services
FY 17-18 FY 16-17
Q2 Q1 FY Q4 Q3 Q2 Q1 Total IT Business Revenue & IT Services Revenues ($MN) 2,013.5 1,971.7 7,704.5 1,954.6 1,902.8 1,916.3 1,930.8 OM% Sequential Growth 2.1% 0.9% 4.9% 2.7% -0.7% -0.8% 2.6% Revenue Sequential Growth in Constant Currency* 0.3% 0.3% 7.0% 1.7% 0.6% 0.9% 2.0% Operating Margin % 17.3% 16.8% 18.0% 18.3% 18.3% 17.8% 17.8%
Practices
Line Analytics 7.1% 7.1% 7.1% 6.9% 7.0% 7.3% 7.4% Mix Application Services 45.5% 45.8% 44.7% 45.7% 44.4% 43.8% 44.7% Business Process Services 12.1% 12.0% 13.0% 12.3% 13.3% 13.4% 12.9% Service Global Infrastructure Services 28.4% 28.1% 28.0% 28.0% 28.1% 28.2% 27.9% Product Engineering 6.9% 7.0% 7.2% 7.1% 7.2% 7.3% 7.1%
Strategic Business Units
Communications 6.5% 6.8% 7.3% 6.9% 7.4% 7.5% 7.6% Mix Consumer Business Unit 15.9% 15.8% 15.8% 15.8% 15.8% 15.7% 15.8% Energy, Natural Resources & Utilities 13.5% 13.4% 13.1% 13.1% 13.0% 12.9% 13.2% SBU Banking, Financial Services and Insurance 27.6% 26.7% 25.7% 26.0% 25.5% 25.5% 25.6%
Healthcare and Lifesciences 13.7% 14.8% 15.6% 15.4% 16.0% 16.0% 15.3% Manufacturing & Technology 22.8% 22.5% 22.5% 22.8% 22.3% 22.4% 22.5%
Geography
Americas 53.6% 54.5% 54.7% 54.9% 55.5% 54.8% 53.5% Mix APAC and Other Emerging Markets 11.4% 10.9% 10.8% 10.8% 10.9% 10.8% 10.7% Geography Europe 25.1% 24.2% 24.4% 24.4% 23.6% 24.0% 25.4% India & Middle East business 9.9% 10.4% 10.1% 9.9% 10.0% 10.4% 10.4%
Guidance ($MN) 1,962-2,001 1,915-1,955 1,922-1,941 1,916-1,955 1,931-1,950 1,901-1,939
Guidance restated based on actual currency realized
1,999-2,038 1,927-1,967 1,941-1,960 1,891-1,930 1,899-1,918 1,912-1,950 Guidance ($MN) IT Services Revenues ($MN) 2,013.5 1,971.7 7,704.5 1,954.6 1,902.8 1,916.3 1,930.8
Customer size distribution (TTM)
> $100M 9 9 9 9 9 8 9
> $75M 16 18 18 18 17 19 19
> $50M 39 36 34 34 33 33 33 Relationships > $20M 90 90 91 91 90 91 91
> $10M 170 163 163 163 170 171 170
> $5M 270 262 268 268 264 258 252 Customer > $3M 370 357 354 354 349 341 336
> $1M 627 624 602 602 576 571 565
Revenue from Existing customers % 99.2% 99.6% 98.0% 96.0% 97.6% 98.6% 99.7% Number of new customers 41 45 256 51 108 47 50 Metrics Total Number of active customers 1274 1244 1323 1323 1259 1180 1208 Customer Concentration Top customer 3.1% 2.9% 2.7% 2.9% 2.8% 2.6% 2.5% Customer Top 5 11.0% 10.3% 10.0% 10.0% 10.0% 10.1% 10.3% Top 10 18.0% 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.

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FY 17-18 FY16-17
Q2 Q1 FY Q4 Q3 Q2 Q1 % of Revenue USD 58% 59% 61% 60% 61% 61% 60% Mix GBP 10% 10% 10% 10% 10% 10% 11% EUR 9% 9% 9% 9% 9% 9% 9% INR 8% 8% 7% 7% 7% 8% 8% Currency AUD 5% 4% 4% 4% 4% 4% 4% CAD 3% 3% 2% 3% 2% 2% 2% Others 7% 7% 7% 7% 7% 6% 6%
Closing Employee Count 163,759 166,790 165,481 165,481 164,176 159,791 158,272 Utilization (IT Services excl. Infocrossing, BPS, Designit, cellent, HPS, Appirio, Infoserver and I&ME) Gross Utilization 72.9% 72.0% 71.5% 73.1% 71.6% 71.2% 69.9% Net Utilization (Excluding Support) 81.8% 80.3% 80.2% 81.9% 80.0% 80.2% 78.8% Net Utilization (Excluding Trainees) 82.5% 82.1% 82.3% 84.8% 81.9% 82.8% 79.7% Attrition
(IT Services excl BPS)
Voluntary TTM 15.7% 15.9% 16.3% 16.3% 16.3% 16.6% 16.5% Voluntary Quarterly Annualized 16.7% 16.1% 16.3% 14.8% 15.4% 17.2% 17.9% BPS %- Quarterly 13.5% 12.8% 11.5% 11.2% 10.7% 12.2% 11.7% BPS % - Post Training Quarterly 11.9% 11.4% 9.3% 9.0% 8.2% 10.8% 9.0%
Sales & Support Staff - IT Services 14,880 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)
Revenue from FPP 57.7% 58.2% 57.1% 58.3% 57.7% 56.4% 56.0% Service delivery Onsite Revenue - % of Services 53.2% 53.6% 53.7% 52.8% 53.5% 53.9% 54.4% Off shore Revenue - % of Services 46.8% 46.4% 46.3% 47.2% 46.5% 46.1% 45.6%
C. Growth Metrics For Quarter ended September 30, 2017
Reported Reported Constant Constant Currency Currency Currency Currency Seq % YoY % Seq % YoY % IT Services 2.1% 5.1% 0.3% 2.8%
Strategic Business Units
Communications -1.8% -8.7% -4.4% -12.1% Consumer Business Unit 3.3% 6.3% 1.7% 4.5% Energy, Natural Resources & Utilities 2.8% 9.9% -1.3% 5.2% Banking, Financial Services and Insurance 5.1% 13.6% 3.3% 10.8% Healthcare and Lifesciences -5.2% -9.7% -5.9% -10.5% Manufacturing & Technology 3.4% 6.9% 1.9% 5.4%
Geography
Americas 0.5% 2.8% -0.1% 2.2% APAC and Other Emerging Markets 7.4% 10.8% 3.4% 7.0% Europe 5.8% 9.8% 1.3% 4.4% India & Middle East business -3.2% 0.1% -3.4% -2.3%
Practices
Analytics 0.8% 1.5% -1.3% -1.0% Application Services 1.4% 9.0% -0.8% 6.3% Business Process Services 2.5% -5.3% 1.7% -6.3% Global Infrastructure Services 3.5% 6.0% 1.5% 3.3% Product Engineering 2.1% 0.7% 1.2% -0.2%
D. Annexure to Datasheet
Segment-wise breakup of Cost of Revenues, S&M and
Q2 FY 17-18 (INR Mn.) G&A
IT IT Reconciling Particulars Total Services Products Items
Cost of revenues 91,959 2,723 12 94,694 Selling and marketing expenses 9,860 31 -24 9,867 General and administrative expenses 7,086 146 -147 7,085
Total 108,905 2,900 -159 111,646

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