EX-99.3 4 d478209dex993.htm EX-99.3 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