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 January 2018

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 December 31, 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 January 19, 2018, we announced our results of operations for the three months ended December 31, 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 January 19, 2018, 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 December 31, 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 and nine months ended December 31, 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 three months and nine months ended December 31, 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 December 31, 2017. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on January 19, 2018
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

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: January 23, 2018

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the quarter ended December 31, 2017 under IFRS

IT Services Revenue in line with Guidance, Digital surpasses 25% of our Revenue

Bangalore, India and East Brunswick, New Jersey, USA – January 19, 2018 — Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended December 31, 2017.

Highlights of the Results

• Gross Revenue of Wipro Limited was ₹ 136.7 billion ($2.1 billion¹).

• IT Services Segment Revenue in Non-GAAP constant currency increased by 0.9% sequentially, in line with our Guidance.

• IT Services Segment Revenue in dollar terms was $2,013.0 million, remaining flat sequentially and increasing by 5.8% YoY.

• IT Services Margin for the quarter was 14.8%, impacted by a provision of ₹ 3,175 million ($49.7 million¹) made with respect to insolvency of a customer post the balance sheet date. Adjusted for this event, IT Services Margin for the quarter was 17.2%.

• Net Income³ for the quarter was ₹ 19.4 billion ($303 million¹), a decrease of 8.2% YoY. Adjusted for the customer insolvency event, Net Income³ for the quarter increased by 4.0% YoY.

• Wipro declared an interim dividend of ₹ 1 ($0.02¹) per share/ADS.

Performance for the quarter ended December 31, 2017

Abidali Z. Neemuchwala, CEO and Member of the Board said—“We continued to improve our growth trajectory driven by strong momentum in BFSI and uptick in Healthcare. This is also reflected in our outlook for the next quarter. Our leadership in Digital continues to strengthen with over 25% of our revenues now coming from Digital.”

Jatin Dalal, Chief Financial Officer said—“We have made strong progress in our client mining with number of clients contributing revenues over $50 million increasing from 33 to 41 in the last 1 year. In the first 9 months of the current fiscal year, we generated robust Operating Cash Flows of ₹ 77 billion, 14.2% more than the same period last year. We also completed the Share Buyback in December and saw strong participation from our investors.”

Outlook for the Quarter ending March 31, 2018

We expect Revenues from our IT Services business to be in the range of $2,033 million to $2,073 million*.

* Outlook is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.18, AUD/USD at 0.76, USD/INR at 64.49 and USD/CAD at 1.28.

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 December 31, 2017, for cable transfers in Indian Rupees, as certified by the Federal Reserve Board of New York, which was US $1= ₹ 63.83. However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2017 was US$1= ₹ 65.74

2. Segment Profit refers to Segment Results Total.

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

Share Buyback Update

In the quarter ended December 31, 2017, the Company has concluded the buyback of 343.75 million equity shares as approved by the Board of Directors on July 20, 2017. This has resulted in a total cash outflow of ₹ 110,000 million.

IT Services

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

A leading global financial services company has chosen Wipro as a strategic partner to support its compliance and operational risk applications. The engagement will help the client achieve increased productivity and enhanced end-customer engagement.

A leading North American specialty retailer has expanded a business process services contract with Wipro. As part of the engagement, Wipro will help the retailer improve its Net Promoter Score (NPS) by driving a superior customer care experience for its end-customers.

A leading global manufacturer of cleaning and hygiene products has awarded an end-to-end IT infrastructure contract to Wipro. The intelligent analytics capabilities of Wipro HOLMES^TM will be used to improve the operational efficiency and end user experience.

A North American telecom major has awarded a quality assurance contract to Wipro, wherein Wipro will manage the testing of Business Support Systems applications for the client.

Wipro has also won a multi-year engagement with a leading airport in North America for developing a resilient, agile and scalable IT system. This program will enhance core business-critical airport systems such as passenger processing, baggage processing and the Airport Operational Database (AODB) and will lay the foundation for next-gen digital transformation initiatives.

Oriental Bank of Commerce, a leading public-sector bank in India has awarded Wipro a contract to implement an Enterprise-wide Data Warehousing (EDW) solution. The deployment will help the bank respond nimbly to regulatory reporting requirements. It will also enable the bank to develop a single view of its customer base and enhance its focus on customer centricity.

Wipro will enable analytics, digital and Smart Campus initiatives for a leading university in the APAC region.

Digital highlights

We saw increasing traction in digital oriented deals as illustrated below:

A global automotive company has selected Wipro to redesign its retail strategy, ranging from physical spaces to digital experiences.

A major international payments provider has awarded Wipro Digital a pilot project focused on payments and wearables. The project will leverage Designit’s expertise in technology, product and service design.

Wipro has won a workspace services deal encompassing service desk operations and end-user services with a leading Brazilian retail chain. The engagement will leverage the Wipro HOLMES^TM chatbot to enhance the end-user experience at the retail chain’s stores.

A public transport authority in the Middle East has awarded a project to Wipro to design and develop a big data information platform. Wipro will develop a state-of-the-art data lake to process and analyze data across the customer’s landscape to help them derive actionable insights.

Wipro also won a number of deals in the Cloud applications space leveraging Appirio Cloud Services:

• A Fortune 500 medical devices organization has selected Wipro for a multi-year global front-office transformation project.

• A global provider of banking and financial services has awarded Wipro a contract to upgrade its user experience and simplify their sales and service process.

• An American chain of luxury departmental stores has selected Wipro to reimagine its employee experience and modernize their HR processes.

• Wipro has won a customer experience transformation contract from an international charitable organization.

Delivery Excellence

Magne Solberg, CIO, Co-op said—“We selected Wipro as a strategic partner because of their retail domain expertise, investment in digital technologies, and strong SAP and infrastructure capabilities. We are planning to leverage Wipro’s expertise in our own digital journey. We have experienced Wipro’s investment in Artificial Intelligence, cognitive and digital solutions such as on-shelf availability, AR promotions and VR home shopper. This engagement has benefited our supply chain, and logistics operations, back office and in-store availability with increased efficiency, reach and availability. Wipro also helped us in successfully integrating one of our recent acquisitions ICA by migrating ICA’s SAP platform to Azure cloud. We strongly recommend Wipro as we strengthen our position in the Norwegian retail market. I think Wipro’s new branding and logo are signs that Wipro is truly looking to transform the way they reset the future digital journeys for their customers.”

Analyst Accolades and Awards

Wipro was positioned as a Leader in Everest Group FAO PEAK Matrix™ 2017

Wipro was positioned as a Leader in Everest Group PEAK—Service Provider Landscape with PEAK Matrix™ Assessment for 2017 for Risk & Regulatory Compliance Application Services in BFS

Wipro was positioned as a Leader in Everest Group Healthcare Payer BPO PEAK Matrix™ 2017

Wipro has been recognized as a market leader in Digital Workplace Services by Information Services Group (ISG), a leading global technology research and advisory firm

Wipro positioned as a Leader by Everest Group in Cloud Enablement Services – Market Trends and Services PEAK Matrix™ 2017

Wipro was positioned as a Leader by ISG in Provider Lens™ Public Cloud Infrastructure Consulting & Implementation Services, 2017

Wipro was recognized as a Leader by The Forrester in Wave™—Next-Generation Infrastructure Outsourcing, Q4 2017

Wipro has been recognized as Platform Partner of the Year 2017 by BMC Software and won the highest number of accreditations for Security Operations at the BMC Outsourcers Tech Summit (BOTS)

Wipro was ranked #2 in the list of ‘Top 20 Service Outsourcing MNCs in China 2017’ in a study by Devott, a leader in research and advisory of China’s outsourcing and technology markets

Wipro was recognized as one of India’s most innovative companies by Confederation of Indian Industry (CII) at the Industrial Innovation Awards 2017, for the value addition that Wipro brings to its clients and the ecosystem through its Data Discovery Platform, Smart i-Connect Platform and Open Innovation process

IT Products

• Revenue for the quarter ended December 31, 2017 was ₹ 4.5 billion ($70 million¹).

• IT Products Margin for the quarter was 4.3%, as compared to 2.9% for the quarter ended September 30, 2017.

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

About Non-GAAP financial measures

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

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

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

Results for the quarter ended December 31, 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/wipro180119.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
Vaibhav Saha	Abhishek Kumar Jain	Vipin Nair
Phone: +91-80-4672 6143	Phone: +1 978 826 4700	Phone: +91-80-3991 6450
vaibhav.saha@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 December 31,
	2017		2017		2017
					Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1
ASSETS
Goodwill		125,796		126,974		1,989
Intangible assets		15,922		19,349		303
Property, plant and equipment		69,794		71,917		1,127
Derivative assets		106		389		6
Investments		7,103		10,396		163
Investment in equity accounted investee		—		620		10
Trade receivables		3,998		4,179		65
Non-current tax assets		12,008		15,152		237
Deferred tax assets		3,098		3,521		55
Other non-current assets		16,793		12,450		195
Total non-current assets		254,618		264,947		4,150
Inventories		3,915		2,732		43
Trade receivables		94,846		100,000		1,567
Other current assets		30,751		32,622		511
Unbilled revenues		45,095		40,434		633
Investments		292,030		237,283		3,718
Current tax assets		9,804		7,931		124
Derivative assets		9,747		3,478		54
Cash and cash equivalents		52,710		52,065		816
Total current assets		538,898		476,545		7,466
TOTAL ASSETS		793,516		741,492		11,616
EQUITY
Share capital		4,861		9,047		142
Share premium		469		690		11
Retained earnings		490,930		440,387		6,899
Share based payment reserve		3,555		1,688		26
Other components of equity		20,489		18,652		292
Equity attributable to the equity holders of the Company		520,304		470,464		7,370
Non-controlling interest		2,391		2,381		37
TOTAL EQUITY		522,695		472,845		7,407
LIABILITIES
Long—term loans and borrowings		19,611		29,767		466
Deferred tax liabilities		6,614		5,092		80
Derivative liabilities		2		—		—
Non-current tax liabilities		9,547		8,221		129
Other non-current liabilities		5,500		4,525		71
Provisions		4		2		—
Total non-current liabilities		41,278		47,607		746
Loans, borrowings and bank overdrafts		122,801		102,163		1,601
Trade payables and accrued expenses		65,486		71,303		1,116
Unearned revenues		16,150		17,860		280
Current tax liabilities		8,101		11,342		178
Derivative liabilities		2,708		2,820		44
Other current liabilities		13,027		14,750		231
Provisions		1,270		802		13
Total current liabilities		229,543		221,040		3,463
TOTAL LIABILITIES		270,821		268,647		4,209
TOTAL EQUITY AND LIABILITIES		793,516		741,492		11,616

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 December 31,									Nine months ended December 31,
	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		136,878			136,690			2,141			410,527			407,185			6,379
Cost of revenues		(96,576	)		(95,976	)		(1,504	)		(290,773	)		(287,781	)		(4,509	)
Gross profit		40,302			40,714			637			119,754			119,404			1,870
Selling and marketing expenses		(9,226	)		(11,073	)		(173	)		(28,981	)		(31,086	)		(487	)
General and administrative expenses		(8,610	)		(9,991	)		(157	)		(24,754	)		(24,340	)		(381	)
Foreign exchange gains/(losses), net		767			125			2			3,032			931			15
Results from operating activities		23,233			19,775			309			69,051			64,909			1,017
Finance expenses		(1,366	)		(1,205	)		(19	)		(4,130	)		(4,065	)		(64	)
Finance and other income		5,719			6,134			96			16,024			18,995			298
Share of profits/(loss) of equity accounted investee		—			10			—			—			14			—
Profit before tax		27,586			24,714			386			80,945			79,853			1,251
Income tax expense		(6,440	)		(5,355	)		(84	)		(18,471	)		(17,775	)		(278	)
Profit for the period		21,146			19,359			302			62,474			62,078			973
Attributable to:
Equity holders of the Company		21,094			19,371			302			62,284			62,053			973
Non-controlling interest		52			(12	)		—			190			25			—
Profit for the period		21,146			19,359			302			62,474			62,078			973
Earnings per equity share:
Attributable to equity share holders of the Company
Basic		4.36			4.03			0.06			12.81			12.85			0.20
Diluted		4.35			4.03			0.06			12.77			12.83			0.20
Weighted average number of equity shares used in computing earnings per equity share
Basic		4,834,941,252			4,802,285,697			4,802,285,697			4,863,935,370			4,830,841,298			4,830,841,298
Diluted		4,847,480,288			4,809,300,296			4,809,300,296			4,877,482,820			4,838,385,830			4,838,385,830
Additional Information
Segment Revenue
IT Services Business Units
BFSI		33,843			37,766			592			101,056			109,049			1,708
HLS		20,972			18,463			289			61,786			55,602			871
CBU		20,780			21,209			332			62,213			62,733			983
ENU		17,131			16,426			257			51,368			51,659			809
MNT		29,517			30,050			471			88,518			89,402			1,401
COMM		9,718			8,432			132			29,478			25,846			405
IT SERVICES TOTAL		131,961			132,346			2,073			394,419			394,291			6,179
IT PRODUCTS		5,713			4,498			70			19,309			13,829			217
RECONCILING ITEMS		(29	)		(29	)		—			(169	)		(4	)		(0	)
TOTAL		137,645			136,815			2,143			413,559			408,116			6,395
Segment Result
IT Services Business Units
BFSI		6,413			6,832			107			19,786			18,328			287
HLS		3,400			2,364			37			9,490			7,796			122
CBU		3,415			3,869			61			10,774			10,047			157
ENU		3,856			(1,312	)		(21	)		10,324			5,774			90
MNT		5,355			5,692			89			17,484			16,267			255
COMM		1,604			1,315			21			4,700			3,911			61
OTHERS		—			—			—			—
UNALLOCATED		112			830			13			(1,762	)		2,167			34
TOTAL IT SERVICES		24,155			19,590			307			70,796			64,290			1,007
IT PRODUCTS		(586	)		195			3			(1,252	)		314			5
RECONCILING ITEMS		(336	)		(10	)		—			(493	)		305			5
TOTAL		23,233			19,775			310			69,051			64,909			1,017
FINANCE EXPENSE		(1,366	)		(1,205	)		(19	)		(4,130	)		(4,065	)		(63.68	)
FINANCE AND OTHER INCOME		5,719			6,134			96			16,024			18,995			298
SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE					10			—			—			14			0
PROFIT BEFORE TAX		27,586			24,714			386			80,945			79,853			1,251
INCOME TAX EXPENSE		(6,440	)		(5,355	)		(84	)		(18,471	)		(17,775	)		(278	)
PROFIT FOR THE PERIOD		21,146			19,359			302			62,474			62,078			973

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 and Lifesciences (HLS), Consumer Business Unit (CBU), Energy, Natural Resources and 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, software products and other related deliverables.

Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN)
Three Months ended December 31, 2017
IT Services Revenue as per IFRS	$	2,013.0	IT Services Revenue as per IFRS	$	2,013.0
Effect of Foreign currency exchange movement	$	18.2	Effect of Foreign currency exchange movement	$	(53.1	)
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,031.2	Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	1,959.9
Reconciliation of Adjusted Segment Result and Net Income (₹ MN)
Three Months ended December 31, 2017
IT Services Segment Results		19,590	Profit attributable to Equity Shareholders (Net Income)		19,371
Effect of impact of customer insolvency		3,175	Effect of post-tax impact of customer insolvency		2,568
Adjusted IT Services Segment Results		22,765	Adjusted Profit attributable to Equity Shareholders (Net Income)		21,939

EX-99.2

Exhibit 99.2

Performance for Quarter ended December 31, 2017 Jatin Dalal Chief Financial Officer Wipro Limited

IT Services revenue $ 2013.0 Million † 0.9% QoQ growth in constant currency terms † 3.0% YoY growth in constant currency terms © confidential 2

IT Services margin adjusted margins* 17.2% † 10 basis points from Q2 FY18 reported margins 14.8% † 250 basis points from Q2 FY18 *We have recorded a provision of ₹ 3,175 million, consequent to insolvency of a customer, post balance sheet date, which has impacted our IT Services margins in Q3 FY18 by 240 basis points. Adjusted for that, our adjusted IT Services Margins for the quarter were 17.2% down 10bps as compared to Q2 FY18. © confidential 3

Net income adjusted net income* ₹ 21.9 Billion reported net income ₹ 19.4 Billion Highlights • Realized rate for IT Services in Q3’18 was ₹ 65.74 vs. a rate of ₹ 65.40 realized for Q2. • The Effective Tax Rate for Q3’18 was at 21.7%. **We have recorded a provision of ₹ 3,175 million, consequent to insolvency of a customer, post balance sheet date. Adjusted for that, our adjusted Net Income for the quarter was ₹ 21.9 billion which grew 0.1% QoQ and 4.0% YoY. © confidential 4

Operating Cash flow for first nine months of FY’18 ₹ 76.7 Billion † 14.2% increase in cash flow for first nine months of FY’18 124% of net income for first nine months of FY’18 Gross Cash: ₹ 28,935 crores © confidential 5

Quarter highlights Business Units Banking, Financial † 4.4% QoQ Healthcare & † 2.5% QoQ Services & Insurance Lifesciences in CC terms in CC terms Geographies Europe † 4.7% QoQ in CC terms India & ME † 1.4% QoQ in CC terms Services Business Process † 4.7% QoQ Services in CC terms Digital † 4.0% QoQ in $ terms © confidential 6

Quarter highlights 1. Top 10 accounts grew by 12% YoY. 2. $50Mn+ accounts increased from 33 in Q3’17 to 41 in Q3’18. 3. Digital revenue surpassed 25% of IT Services. We now have 90,000+ trained on digital skills. 4. Consulting portfolio grew 9.9% QoQ and 31.1% YoY with a 4-quarter CQGR of 7.0%. 5. More than 55% of our employees in US , 95% in LATAM, and nearly 2/3rd in Continental Europe are locals. 6. We concluded the buyback of 343.75 million equity shares which resulted in a total cash outflow of ₹ 110,000 million. We saw an active participation from the Investors. 7. Wipro declared an interim dividend of ₹ 1.00 per share. © confidential 7

Outlook Q4 FY 18 We expect the Revenue from our 1.0%—3.0% IT Services business to be in the in CC terms range of $2,033 million to $2,073 million*. * Guidance is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.18, AUD/USD at 0.76, USD/INR at 64.49 and USD/CAD at 1.28. © confidential 8

Thank You

Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in ₹ crores) As of December 31, 2017 Computation of Gross cash position Cash and cash equivalents 5,207 Investments—Current 23,728 Total 28,935 Reconciliation of Free Cash Flow WIPRO LIMITED AND SUBSIDIARIES (Amounts in ₹ crores) Three months ended Nine months ended December 31, 2017 December 31, 2017 Profit for the period [A] 1,937 6,205 Computation of Free cash flow Net cash generated from operating activities 2,983 7,673 Add/(deduct) cash inflow/(outflow) on : Purchase of Property, plant and equipment (578) (1,540) Proceeds from sale of Property, plant and 11 80 equipment Free cash flow [B] 2,416 6,213 Free cash flow as a percentage of Net income [B/A] 125% 100% Reconciliation of Non-GAAP constant currency Revenue Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended December 31, 2017 IT Services Revenue as per IFRS $2013.0 Effect of Foreign currency exchange movement $ 18.2 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 2,031.2 Three months ended December 31, 2017 IT Services Revenue as per IFRS $2,013.0 Effect of Foreign currency exchange movement $ (53.1) Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,959.9 © 2017 Wipro wipro.com confidential 10

Reconciliation of Adjusted Segment Result and Net Income Reconciliation of Adjusted Segment Result and Net Income (₹ MN) Three Months ended December 31,2017 IT Services Segment Results 19,590 Profit attributable to Equity Shareholders (Net Income) 19,371 Impact of customer insolvency 3,175 Post-tax impact of customer insolvency 2,568 Adjusted Profit attributable to Equity Shareholders (Net Adjusted IT Services Segment Results 22,765 Income) 21,939 © 2017 Wipro wipro.com confidential 11

EX-99.3

Exhibit 99.3

Extract of audited financial results of Wipro Limited and its

subsidiaries for the Quarter ended December 31, 2017

Consolidated Audited Financial Results of Wipro Limited under IFRS

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

Particulars	Quarter ended December 31, 2017		Nine months ended December 31, 2017		Quarter ended December 31, 2016
Total income from operations (net)		136,815		408,116		137,645
Net Profit / (Loss) before tax, exceptional and extraordinary items		24,714		79,853		27,586
Net Profit / (Loss) before tax but after exceptional and extraordinary items		24,714		79,853		27,586
Net Profit / (Loss) after tax, exceptional and extraordinary items		19,359		62,078		21,146
Total Comprehensive Income after tax		17,875		59,519		22,184
Equity Share Capital		9,047		9,047		4,861
Reserves excluding Revaluation Reserve		461,417		461,417		501,000
Earnings Per Share (after extraordinary items) (of ₹ 2/- each)
Basic:		4.03		12.85		4.36
Diluted:		4.03		12.83		4.35

The audited interim consolidated financial results of the Company for the quarter ended December 31, 2017 have been approved by the Board of Directors of the Company at its meeting held on January 19, 2018. 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 December 31, 2017		Nine months ended December 31, 2017		Quarter ended December 31, 2016
Total income from operations (net)		136,690		407,185		136,878
Net Profit / (Loss) before tax, exceptional and extraordinary items		24,656		79,799		27,589
Net Profit / (Loss) before tax but after exceptional and extraordinary items		24,656		79,799		27,589
Net Profit / (Loss) after tax, exceptional and extraordinary items		19,301		62,023		21,148
Total Comprehensive Income after tax		17,895		59,518		22,113
Equity Share Capital		9,047		9,047		4,861
Reserves excluding Revaluation Reserve		457,814		457,814		497,229
Earnings Per Share (after extraordinary items ) (of ₹ 2/- each)
Basic:		4.02		12.83		4.36
Diluted:		4.02		12.81		4.35

The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended December 31, 2017 have been approved by the Board of Directors of the Company at its meeting held on January 19, 2018. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars	Quarter ended December 31, 2017		Nine months ended December 31, 2017		Quarter ended December 31, 2016
Total income from operations (net)		110,727		332,760		113,783
Net Profit / (Loss) before tax, exceptional and extraordinary items		24,484		78,160		25,722
Net Profit / (Loss) before tax but after exceptional and extraordinary items		24,484		78,160		25,722
Net Profit / (Loss) after tax, exceptional and extraordinary items		18,045		59,656		19,185
Total Comprehensive Income after tax		18,118		55,536		19,525
Equity Share Capital		9,047		9,047		4,861
Reserves excluding Revaluation Reserve		404,171		404,171		443,592
Earnings Per Share (after extraordinary items) (of ₹ 2/- each)
Basic:		3.76		12.35		3.97
Diluted:		3.75		12.33		3.96

The audited interim financial results of the Company for the quarter ended December 31, 2017 have been approved by the Board of Directors of the Company at its meeting held on January 19, 2018. 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. In December 2017, National Grid filed a legal claim against the Company in U.S.District Court of the Eastern District of New York seeking damages amounting to $140 million (₹ 8,936 million) plus additional costs related to an ERP implementation project that was completed in 2014. The Company expects to defend itself against the claim and believes that the claim will not sustain.

3. During the current period, the Company has concluded the buyback of 343.75 million equity shares as approved by the Board of Directors on July 20, 2017. This has resulted in a total cash outflow of ₹ 110,000 million. In line with the requirement of the Companies Act 2013, an amount of ₹ 1,656 and ₹ 108,344 has been utilized from the share premium account and retained earnings respectively. Further, capital redemption reserves (included in other reserves) of ₹ 687 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buy back, share capital has reduced by ₹ 687.

4. Consequent to insolvency of a customer post balance sheet date, the Company has recognized a provision of ₹ 3,175 in Consolidated Results and ₹ 2,395 in Standalone Financial Results for impairment of receivables and deferred contract cost.

5. On January 19, 2018, the Board of Directors of the Company declared an interim dividend of ₹ 1.00 ($ 0.02) per equity share and ADR (50% on an equity share of par value of ₹ 2).

Place: Bangalore	By Order of the Board,	Wipro Limited
Date: January 19, 2018	For Wipro Ltd.	Regd. Office: Doddakanneli,
	Azim H Premji	Sarjapur Road, Bangalore- 560035
	Executive Chairman & Managing Director	www.wipro.com

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

CIN: L32102KA1945PLC020800

Bengaluru

Page No. 4 Jan 20, 2018

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EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2017

1

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

			As of March 31,		As of December 31,
	Notes		2017		2017		2017
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill		5		125,796		126,974		1,989
Intangible assets		5		15,922		19,349		303
Property, plant and equipment		4		69,794		71,917		1,127
Derivative assets		13,14		106		389		6
Investments		7		7,103		10,396		163
Investment in equity accounted investee		7		—		620		10
Trade receivables				3,998		4,179		65
Non-current tax assets				12,008		15,152		237
Deferred tax assets				3,098		3,521		55
Other non-current assets		10		16,793		12,450		195
Total non-current assets				254,618		264,947		4,150
Inventories		8		3,915		2,732		43
Trade receivables				94,846		100,000		1,567
Other current assets		10		30,751		32,622		511
Unbilled revenues				45,095		40,434		633
Investments		7		292,030		237,283		3,718
Current tax assets				9,804		7,931		124
Derivative assets		13,14		9,747		3,478		54
Cash and cash equivalents		9		52,710		52,065		816
Total current assets				538,898		476,545		7,466
TOTAL ASSETS				793,516		741,492		11,616
EQUITY
Share capital				4,861		9,047		142
Share premium				469		690		11
Retained earnings				490,930		440,387		6,899
Share based payment reserve				3,555		1,688		26
Other components of equity				20,489		18,652		292
Equity attributable to the equity holders of the Company				520,304		470,464		7,370
Non-controlling interest				2,391		2,381		37
TOTAL EQUITY				522,695		472,845		7,407
LIABILITIES
Long - term loans and borrowings		11		19,611		29,767		466
Deferred tax liabilities				6,614		5,092		80
Derivative liabilities		13,14		2		—		—
Non-current tax liabilities				9,547		8,221		129
Other non-current liabilities		12		5,500		4,525		71
Provisions		12		4		2		—
Total non-current liabilities				41,278		47,607		746
Loans, borrowings and bank overdrafts		11		122,801		102,163		1,601
Trade payables and accrued expenses				65,486		71,303		1,116
Unearned revenues				16,150		17,860		280
Current tax liabilities				8,101		11,342		178
Derivative liabilities		13,14		2,708		2,820		44
Other current liabilities		12		13,027		14,750		231
Provisions		12		1,270		802		13
Total current liabilities				229,543		221,040		3,463
TOTAL LIABILITIES				270,821		268,647		4,209
TOTAL EQUITY AND LIABILITIES				793,516		741,492		11,616

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
January 19, 2018

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

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

			Three months ended December 31,									Nine months ended December 31,
	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		136,878			136,690			2,141			410,527			407,185			6,379
Cost of revenues		18		(96,576	)		(95,976	)		(1,504	)		(290,773	)		(287,781	)		(4,509	)
Gross profit				40,302			40,714			637			119,754			119,404			1,870
Selling and marketing expenses		18		(9,226	)		(11,073	)		(173	)		(28,981	)		(31,086	)		(487	)
General and administrative expenses		18		(8,610	)		(9,991	)		(157	)		(24,754	)		(24,340	)		(381	)
Foreign exchange gains/(losses), net				767			125			2			3,032			931			15
Results from operating activities		28		23,233			19,775			309			69,051			64,909			1,017
Finance expenses		19		(1,366	)		(1,205	)		(19	)		(4,130	)		(4,065	)		(64	)
Finance and other income		20		5,719			6,134			96			16,024			18,995			298
Share of profits/(loss) of equity accounted investee		7		—			10			—			—			14			—
Profit before tax				27,586			24,714			386			80,945			79,853			1,251
Income tax expense		16		(6,440	)		(5,355	)		(84	)		(18,471	)		(17,775	)		(278	)
Profit for the period				21,146			19,359			302			62,474			62,078			973
Attributable to:
Equity holders of the Company				21,094			19,371			302			62,284			62,053			973
Non-controlling interest				52			(12	)		—			190			25			—
Profit for the period				21,146			19,359			302			62,474			62,078			973
Earnings per equity share:		21
Attributable to equity share holders of the Company
Basic				4.36			4.03			0.06			12.81			12.85			0.20
Diluted				4.35			4.03			0.06			12.77			12.83			0.20
Weighted average number of equity shares used in computing earnings per equity share
Basic				4,834,941,252			4,802,285,697			4,802,285,697			4,863,935,370			4,830,841,298			4,830,841,298
Diluted				4,847,480,288			4,809,300,296			4,809,300,296			4,877,482,820			4,838,385,830			4,838,385,830

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
January 19, 2018

3

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

			Three months ended December 31,									Nine month ended December 31,
	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				21,146			19,359			302			62,474			62,078			973
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)				10			90			1			90			461			7
Net change in fair value of financial instruments through OCI				—			193			3			—			523			8
				10			283			4			90			984			15
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences		15		698			(1,793	)		(28	)		838			1,004			16
Net change in time value of option contracts designated as cash flow hedges		13,16		(1	)		4			—			(5	)		(9	)		—
Net change in intrinsic value of option contracts designated as cash flow hedges		13,16		(44	)		—			—			(22	)		(78	)		(1	)
Net change in fair value of forward contracts designated as cash flow hedges		13,16		521			820			13			3,118			(4,172	)		(65	)
Net change in fair value of financial instruments through OCI		7,16		(146	)		(798	)		(13	)		1,051			(288	)		(5	)
				1,028			(1,767	)		(28	)		4,980			(3,543	)		(55	)
Total other comprehensive income/(loss), net of taxes				1,038			(1,484	)		(24	)		5,070			(2,559	)		(40	)
Total comprehensive income for the period				22,184			17,875			278			67,544			59,519			933
Attributable to:
Equity holders of the Company				22,084			17,939			279			67,305			59,529			933
Non-controlling interest				100			(64	)		(1	)		239			(10	)		—
				22,184			17,875			278			67,544			59,519			933

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
January 19, 2018

4

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			Non- controlling interest		Total equity
Particulars	No. of Shares*			Share capital			Share premium			Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve		Other reserves
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		—			—			—			62,284			—			—		—		—		62,284			190		62,474
Other comprehensive income		—			—						—			—			789		3,091		1,141		5,021			49		5,070
Total comprehensive income for the period		—			—			—			62,284			—			789		3,091		1,141		67,305			239		67,544
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		161,870			^			70			—			(70	)		—		—		—		—			—		—
Issue of shares by controlled trust on exercise of options*		—			—			—			349			(349	)		—		—		—		—			—		—
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		—			—			—			(3	)		1,310			—		—		—		1,307			—		1,307
		(39,838,130	)		(80	)		(14,184	)		(13,311	)		891			—		—		80		(26,604	)		—		(26,604	)
As at December 31, 2016		2,430,875,160			4,861			458			474,079			3,120			16,905		5,001		1,437		505,861			2,463		508,324

^{^}  Value in less than 1

5

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

																Other components of equity
Particulars	No. of Shares*			Share capital			Share premium			Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves		Equity attributable to the equity holders of the Company			Non- controlling interest			Total equity
As at April 1, 2017		2,430,900,565			4,861			469			490,930			3,555			13,107		5,906			1,476		520,304			2,391			522,695
Total comprehensive income for the period
Profit for the period		—			—			—			62,053			—			—		—			—		62,053			25			62,078
Other comprehensive income		—			—			—			—			—			1,039		(4,259	)		696		(2,524	)		(35	)		(2,559	)
Total comprehensive income for the period		—			—			—			62,053			—			1,039		(4,259	)		696		59,529			(10	)		59,519
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		3,126,045			7			1,877			—			(1,861	)		—		—			—		23			—			23
Issue of shares by controlled trust on exercise of options ^		—			—			—			915			(915	)		—		—			—		—			—			—
Buyback of equity shares #		(343,750,000	)		(687	)		(1,656	)		(108,344	)		—			—		—			687		(110,000	)		—			(110,000	)
Transaction cost related to buy back		—			—			—			(312	)		—			—		—			—		(312	)		—			(312	)
Bonus issue of equity shares		2,433,074,327			4,866			—			(4,866	)		—			—		—			—		—			—			—
Compensation cost related to employee share based payment transactions		—			—			—			11			909			—		—			—		920			—			920
		2,092,450,372			4,186			221			(112,596	)		(1,867	)		—		—			687		(109,369	)		—			(109,369	)
As at December 31, 2017		4,523,350,937			9,047			690			440,387			1,688			14,146		1,647			2,859		470,464			2,381			472,845
Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)					142			11			6,899			26			222		26			44		7,370			37			7,407

* Includes 13,728,607 and 24,190,993 treasury shares as of March 31, 2017 and December 31, 2017, respectively.

^ During the period 1,007,468 and 3,257,998 shares have been issued by the controlled trust on exercise of options for the nine months ended December 31, 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
January 19, 2018

6

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS

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

	Nine months ended December 31,
	2016			2017			2017
							Convenience Translation into USS in millions (Unaudited) Refer note 2 (iv)
Cash flows from operating activities:
Profit for the period		62,474			62,078			973
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		125			(168	)		(3	)
Depreciation amortization and impairment		14,926			15,422			242
Unrealized exchange (gain)/loss, net		3,039			3,581			56
Gain on sale of investments, net		(1,379	)		(4,324	)		(68	)
Share based compensation expense		1,272			889			14
Income tax expense		18,471			17,775			278
Dividend and interest income, net		(13,309	)		(12,496	)		(196	)
Other non-cash items		(1,068	)		2,979			47
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(3,775	)		(5,557	)		(87	)
Unbilled revenues		3,321			4,304			67
Inventories		(227	)		1,183			19
Other assets		5,276			(166	)		(3	)
Trade payables, accrued expenses, other liabilities and provisions		(2,080	)		7,355			115
Unearned revenues		(820	)		2,237			35
Cash generated from operating activities before taxes		86,246			95,092			1,489
Income taxes paid, net		(19,059	)		(18,367	)		(288	)
Net cash generated from operating activities		67,187			76,725			1,201
Cash flows from investing activities:
Purchase of property, plant and equipment		(16,708	)		(15,397	)		(241	)
Proceeds from sale of property, plant and equipment		832			801			13
Purchase of investments		(554,806	)		(577,632	)		(9,050	)
Proceeds from sale of investments		486,395			634,956			9,948
Payment for business acquisitions including deposit in escrow, net of cash acquired		(32,213	)		(6,652	)		(104	)
Interest received		13,130			11,977			188
Dividend received		195			461			7
Net cash used in investing activities		(103,175	)		48,514			761
Cash flows from financing activities:
Proceeds from issuance of equity shares		*			23			*
Repayment of loans and borrowings		(85,017	)		(90,097	)		(1,412	)
Proceeds from loans and borrowings		110,688			78,182			1,225
Payment for deferred/contingent consideration in respect of business combinations		(83	)		(164	)		(3	)
Payment for buy back of shares including transaction cost		(25,000	)		(110,312	)		(1,728	)
Interest paid on loans and borrowings		(1,394	)		(2,295	)		(36	)
Payment of cash dividend (including dividend tax thereon)		(2,911	)		—			—
Net cash generated from financing activities		(3,717	)		(124,663	)		(1,954	)
Net (decrease)/increase in cash and cash equivalents during the period		(39,705	)		576			8
Effect of exchange rate changes on cash and cash equivalents		825			46			1
Cash and cash equivalents at the beginning of the period		98,392			50,718			795
Cash and cash equivalents at the end of the period (Note 9)		59,512			51,340			804
* Value is less than ₹ 1 million

The accompanying notes form an integral part of these interim condensed consolidated financial statements
As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W-100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
January 19, 2018

7

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

1. The Company overview

Wipro Limited (“Wipro” or the “Parent Company”), together with its subsidiaries (collectively, “the Company” or the “Group”) is a global information technology (IT), consulting and business process services (BPS) company.

Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore – 560 035, Karnataka, India. Wipro has its primary listing with Bombay Stock Exchange and National Stock Exchange in India. The Company’s American Depository Shares representing equity shares are also listed on the New York Stock Exchange. These interim condensed consolidated financial statements were authorized for issue by the Company’s Board of Directors on January 19, 2018. Amounts for the three and nine months ended December 31, 2016 and year ended March 31, 2017 were audited by B S R & Co. LLP.

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, the national currency of India. Solely for the convenience of the readers, the interim condensed consolidated financial statements as of and for the three and nine months ended December 31, 2017, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 63.83 (December 31, 2016: $ 1= ₹ 67.92), as published by the Federal Reserve Board of Governors on December 31, 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.

8

(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.

9

h) Measurement of fair value of non-marketable equity investments: These instruments are initially recorded at cost and subsequently measured at fair value. Fair value of investments is determined using the market and income approaches. The market approach includes the use of financial metrics and ratios of comparable companies, such as revenue, earnings, comparable performance multiples, recent financial rounds and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number of factors, including comparable company sizes, growth rates, and development stages. The income approach includes the use of discounted cash flow model, which requires significant estimates regarding the investees’ revenue, costs, and discount rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available historical and forecast data.

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

3. Significant accounting policies

Equity accounted investees

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

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

New Accounting standards adopted by the Company:

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

IAS 7- Amendment to Statement of Cash Flows

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

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.

10

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 fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2016	₹	3,695		₹	26,089		₹	99,580		₹	14,115		₹	589		₹	144,068
Translation adjustment		2			175			567			(6	)		5			743
Additions/ adjustments		—			905			12,627			1,552			21			15,105
Acquisition through business combinations		—			88			423			60			—			571
Disposals/ adjustments		—			(18	)		(5,263	)		(520	)		(78	)		(5,879	)
As at December 31, 2016		3,697			27,239			107,934			15,201			537			154,608
Accumulated depreciation/ impairment:
As at April 1, 2016	₹	—		₹	5,344		₹	68,161		₹	11,318		₹	504		₹	85,327
Translation adjustment		—			42			332			(3	)		3			374
Depreciation		—			718			11,089			900			22			12,729
Disposals/ adjustments		—			(3	)		(4,402	)		(453	)		(64	)		(4,922	)
As at December 31, 2016		—			6,101			75,180			11,762			465			93,508
Capital work-in-progress																	9,262
Net carrying value including Capital work-in-progress as at December 31, 2016																₹	70,362
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/ adjustments		—			1,133			16,572			2,242			23			19,970
Acquisition through business combinations		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

11

Gross carrying value:
As at April 1, 2017	₹	3,814	₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Translation adjustment		15		85			(68	)		63			(2	)		93
Additions/ adjustments		—		643			7,784			1,442			989			10,858
Acquisition through business combinations		—		13			4			11			1			29
Disposals/ adjustments		—		(155	)		(3,559	)		(606	)		(193	)		(4,513	)
As at December 31, 2017		3,829		28,167			113,128			16,658			1,227			163,009
Accumulated depreciation/ impairment:
As at April 1, 2017	₹	—	₹	6,361		₹	77,005		₹	11,968		₹	365		₹	95,699
Translation adjustment		—		(4	)		(120	)		29			—			(95	)
Depreciation		—		744			10,696			1,028			280			12,748
Disposals/ adjustments		—		(64	)		(3,115	)		(513	)		(188	)		(3,880	)
As at December 31, 2017		—		7,037			84,466			12,512			457			104,472
Capital work-in-progress																13,380
Net carrying value including Capital work-in-progress as at December 31, 2017															₹	71,917

* Including computer equipment and software.

5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	Year ended March 31, 2017			Nine months ended December 31, 2017
Balance at the beginning of the period	₹	101,991		₹	125,796
Translation adjustment		(4,319	)		8
Acquisition through business combination, net/ adjustments		28,124			1,170
Balance at the end of the period	₹	125,796		₹	126,974

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2016	₹	18,360		₹	2,587		₹	20,947
Translation adjustment		(37	)		(67	)		(104	)
Acquisition through business combinations		2,261			4,006			6,267
As at December 31, 2016		20,584			6,526			27,110
Accumulated depreciation/ impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment			^		(21	)		(21	)
Amortization		1,640			458			2,098
As at December 31, 2016		5,804			1,379			7,183
Net carrying value as at December 31, 2016	₹	14,780		₹	5,147		₹	19,927
Gross carrying value:
As at April 1, 2016	₹	18,360		₹	2,587		₹	20,947
Translation adjustment		(546	)		(314	)		(860	)
Acquisition through business combinations		2,714			4,006			6,720
As at March 31, 2017		20,528			6,279			26,807
Accumulated depreciation/ impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		(7	)		(68	)		(75	)
Amortization		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

12

Gross carrying value:
As at April 1, 2017	₹	20,528		₹	6,279		₹	26,807
Translation adjustment		262			(38	)		224
Acquisition through business combinations		5,565			169			5,734
As at December 31, 2017		26,355			6,410			32,765
Accumulated depreciation/ impairment:
As at April 1, 2017	₹	9,264		₹	1,621		₹	10,885
Translation adjustment		(28	)		(7	)		(35	)
Amortization		1,732			834			2,566
As at December 31, 2017		10,968			2,448			13,416
Net carrying value as at December 31, 2017	₹	15,387		₹	3,962		₹	19,349

^ value is less than 1

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 will strengthen Wipro’s cloud application service offerings. The 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- acquisitions carrying amount		Fair value adjustment			Purchase price allocation
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.

13

Other Business Combinations:

During the nine months ended December 31, 2017, we completed four business combinations (which individually and in aggregate are not material) for a total consideration of ₹ 6,924 million. These transactions include (a) an acquisition of IT service provider which is focused on LATAM markets, (b) an acquisition of a design and business strategy consultancy firm based in US, and (c) 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 allocation
Net assets	₹	5
Customer related intangibles		5,565
Other intangible assets		169
Total	₹	5,739
Goodwill		1,185
Total purchase price	₹	6,924

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		December 31, 2017
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds (1)	₹	104,675	₹	56,586
Others		569		636
Financial instruments at FVTOCI
Equity instruments		5,303		6,461
Commercial paper, Certificate of deposits and bonds		145,614		152,320
Financial instruments at amortized cost
Inter corporate and term deposits (2) (3)		42,972		31,676
	₹	299,133	₹	247,679
Current	₹	292,030	₹	237,283
Non-current	₹	7,103	₹	10,396

⁽¹⁾  Investments in liquid and short-term mutual funds include investments amounting to ₹ 123 (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 ₹ 448 (March 31, 2017: ₹ 308).

Investment in equity accounted investee

During the nine months ended December 31, 2017, the Company has increased its investment in Drivestream Inc. from 19% to 43.7%. Drivestream Inc. is a private entity that is not listed on any public exchange. The carrying value of the investment as at December 31, 2017 was ₹ 620.

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8. Inventories

Inventories consist of the following:

	As at
	March 31, 2017		December 31, 2017
Stores and spare parts	₹	808	₹	771
Raw materials and components		1		—
Traded goods		3,106		1,961
	₹	3,915	₹	2,732

9. Cash and cash equivalents

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

	As at
	March 31, 2017		December 31, 2017
Cash and bank balances	₹	27,808	₹	29,198
Demand deposits with banks (1)		24,902		22,867
	₹	52,710	₹	52,065

⁽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
	December 31, 2016			December 31, 2017
Cash and cash equivalents	₹	59,940		₹	52,065
Bank overdrafts		(428	)		(725	)
	₹	59,512		₹	51,340

10. Other assets

	As at
	March 31, 2017		December 31, 2017
Current
Prepaid expenses and Deposits	₹	13,486	₹	13,693
Due from officers and employees		2,349		2,085
Finance lease receivables		1,854		2,322
Advance to suppliers		1,448		1,600
Deferred contract costs		4,270		3,652
Interest receivable		2,177		2,583
Balance with excise, customs and other authorities		2,153		3,351
Others		3,014		3,336
	₹	30,751	₹	32,622
Non-current
Prepaid expenses including rentals for leasehold land and Deposits	₹	10,516	₹	9,164
Finance lease receivables		2,674		2,538
Deferred contract costs		3,175		488
Others		428		260
	₹	16,793	₹	12,450
Total	₹	47,544	₹	45,072

15

11. Loans and borrowings

A summary of loans and borrowings is as follows:

	As at
	March 31, 2017		December 31, 2017
Borrowings from banks	₹	122,903	₹	115,142
External commercial borrowings		9,728		9,580
Obligations under finance leases		8,280		6,244
Term loans		1,501		964
	₹	142,412	₹	131,930
Current	₹	122,801	₹	102,163
Non-current	₹	19,611	₹	29,767

12. Other liabilities and provisions

	As at
	March 31, 2017		December 31, 2017
Other liabilities:
Current:
Statutory and other liabilities	₹	3,353	₹	4,476
Employee benefits obligations		5,912		5,383
Advance from customers		2,394		2,550
Others		1,368		2,341
	₹	13,027	₹	14,750
Non-current:
Employee benefits obligations	₹	4,235	₹	4,173
Others		1,265		352
	₹	5,500	₹	4,525
Total	₹	18,527	₹	19,275
	As at
	March 31, 2017		December 31, 2017
Provisions:
Current:
Provision for warranty	₹	436	₹	293
Others		834		509
	₹	1,270	₹	802
Non-current:
Provision for warranty	₹	4	₹	2
	₹	4	₹	2
Total	₹	1,274	₹	804

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.

16

13. Financial instruments

Derivative assets and liabilities:

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

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

					(in million)
	As at
	March 31, 2017		December 31, 2017
Designated derivative instruments
Sell: Forward contracts	$	886		$		1,098
	£	280		£		188
	€	228		€		168
	AUD	129		AUD		112
Range Forward Option contracts	$	130		$		—
Non designated derivative instruments
Sell: Forward contracts	$	889		$		861
	£	82		£		95
	€	83		€		66
	AUD	51		AUD		66
	SGD	3		SGD		6
	ZAR	262		ZAR		132
	CAD	41		CAD		14
	SAR	49		SAR		41
	AED	69		AED		24
	PLN	31		PLN		48
	CHF	—		CHF		8
	QAR	—		QAR		17
	TRY	—		TRY		15
	MXN	—		MXN		61
	NOK	—		NOK		46
	OMR	—		OMR		3
Range Forward Option Contracts	$	—		$		20
Buy: Forward contracts	$	750		$		555
	JPY	—		JPY		556
	DKK	—		DKK		30

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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 December 31,
	2016			2017
Balance as at the beginning of the period	₹	2,367		₹	7,325
Deferred cancellation gain/(loss)		(4	)		(6	)
Changes in fair value of effective portion of derivatives		7,848			1,769
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions		(4,456	)		(7,062	)
Gain/(loss) on cash flow hedging derivatives, net	₹	3,388		₹	(5,299	)
Balance as at the end of the period	₹	5,755		₹	2,026
Deferred tax asset/(liability) thereon	₹	(754	)	₹	(379	)
Balance as at the end of the period, net of deferred tax	₹	5,001		₹	1,647

As at March 31, 2017, December 31, 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 largely due to the short-term nature of these instruments. The Company’s long-term debt has been contracted at market rates of interest. Accordingly, the carrying value of such long-term debt approximates fair value. Further, finance lease receivables that are overdue are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated losses on these receivables. As of March 31,2017 and December 31, 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).

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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 December 31, 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			—			2,729			—		2,729			—
Others		2,546			—		2,120			426			1,138			—		806			332
Investments:
Investment in liquid and short-term mutual funds		104,675			104,675		—			—			56,586			56,586		—			—
Other investments		569			—		569			—			636			—		636			—
Investment in equity instruments		5,303			—		—			5,303			6,461			—		—			6,461
Commercial paper, Certificate of deposits and bonds		145,614			—		145,614			—			152,320			1,215		151,105			—
Liabilities
Derivative instruments:
Cash flow hedges		(55	)		—		(55	)		—			(697	)		—		(697	)		—
Others		(2,655	)		—		(2,655	)		—			(2,123	)		—		(2,123	)		—
Contingent consideration		(339	)		—		—			(339	)		—			—		—			—

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 December 31,2017, 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 value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at December 31, 2017.

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	)

19

Additions	1,037		—		—
Payouts	—		—		164
Transferred to investment in equity accounted investee	(350	)	—		—
Gain/loss recognized in statement of income	—		(94	)	164
Gain/loss recognized in foreign currency translation reserve	(43	)	—		(28	)
Gain/loss recognized in other comprehensive income	514		—		—
Finance expense recognized in statement of income	—		—		39
Closing balance as on December 31, 2017	6,461		332		—

Description of significant unobservable inputs to valuation:

Item	Valuation technique	Significant unobservable inputs	Movement by			Increase (₹)			Decrease (₹)
Unquoted equity investments	Discounted cash flow model	Long term growth rate		0.50	%		56			(52	)
		Discount rate		0.50	%		(95	)		102
	Market multiple approach	Revenue multiple		0.5x			182			(188	)
Derivative assets		Volatility of comparable companies		2.50	%		30			(30	)
	Option pricing model	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 December 31,
	2016		2017
Balance at the beginning of the period	₹	16,116	₹	13,107
Translation difference related to foreign operations, net		719		892
Change in effective portion of hedges of net investment in foreign operations		70		147
Total change during the period		789		1,039
Balance at the end of the period	₹	16,905	₹	14,146

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16. Income Taxes

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

	Three months ended December 31,						Nine months ended December 31,
	2016			2017			2016		2017
Income tax expense as per the statement of income	₹	6,440		₹	5,355		₹	18,471	₹	17,775
Income tax included in other comprehensive income on:
Unrealized gain on investment securities		(102	)		(431	)		527		(165	)
Gain / (loss) on cash flow hedging derivatives		(58	)		200			297		(1,039	)
Defined benefit plan actuarial gains / (losses)		3			48			26		244
Total income taxes	₹	6,283		₹	5,172		₹	19,321	₹	16,815

Income tax expense consists of the following:

	Three months ended December 31,					Nine months ended December 31,
	2016		2017			2016		2017
Current taxes
Domestic	₹	4,959	₹	5,979		₹	14,730	₹	14,883
Foreign		540		2,292			3,475		4,828
		5,499		8,271			18,205		19,711
Deferred taxes
Domestic		501		(450	)		165		410
Foreign		440		(2,466	)		101		(2,346	)
		941		(2,916	)		266		(1,936	)
Total income tax expense	₹	6,440	₹	5,355		₹	18,471	₹	17,775

Income tax expense is net of reversal of provisions/ (provision recorded) pertaining to earlier periods, which are no longer required, amounting to ₹ 517 and ₹ 557 for the three months ended December 31, 2016 and 2017 respectively and ₹ 929 and ₹ 911 for the nine months ended December 31, 2016 and 2017.

17. Revenues

	Three months ended December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Rendering of services	₹	130,724	₹	131,614	₹	389,659	₹	391,797
Sale of products		6,154		5,076		20,868		15,388
Total revenues	₹	136,878	₹	136,690	₹	410,527	₹	407,185

18. Expenses by nature

	Three months ended December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Employee compensation (refer note 22)	₹	66,052	₹	67,409	₹	199,334	₹	202,463
Sub-contracting/technical fees		21,224		21,543		61,503		63,293
Cost of hardware and software		6,058		4,624		20,115		14,315
Travel		5,090		4,419		15,655		13,321
Facility expenses		4,785		5,202		14,499		15,344
Depreciation, amortization and impairment		5,412		5,279		14,926		15,422
Communication		1,408		1,379		3,968		4,000
Legal and professional fees		1,124		1,300		3,638		3,444
Rates, taxes and insurance		473		691		1,683		1,742
Marketing and brand building		654		902		2,172		2,394
Provision for doubtful debts and deferred contract cost		874		3,256		2,338		4,128
Miscellaneous expenses		1,258		1,036		4,677		3,341
Total cost of revenues, selling and marketing and general and administrative expenses	₹	114,412	₹	117,040	₹	344,508	₹	343,207

19. Finance expense

	Three months ended December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Interest expense	₹	381	₹	770	₹	1,336	₹	2,175
Exchange fluctuation on foreign currency borrowings, net		985		435		2,794		1,890
Total	₹	1,366	₹	1,205	₹	4,130	₹	4,065

20. Finance and other income

	Three months ended December 31,					Nine months ended December 31,
	2016		2017			2016		2017
Interest income	₹	4,192	₹	4,389		₹	13,119	₹	13,509
Dividend income		118		142			195		461
Unrealized gains/losses on financial instruments measured at fair value through profit or loss		842		(754	)		1331		701
Gain on sale of investments		567		2,357			1379		4,324
Total	₹	5,719	₹	6,134		₹	16,024	₹	18,995

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 nine months ended December 31, 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 December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Profit attributable to equity holders of the Company	₹	21,094	₹	19,371	₹	62,284	₹	62,053
Weighted average number of equity shares outstanding		4,834,941,252		4,802,285,697		4,863,935,370		4,830,841,298
Basic earnings per share	₹	4.36	₹	4.03	₹	12.81	₹	12.85

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 December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Profit attributable to equity holders of the Company	₹	21,094	₹	19,371	₹	62,284	₹	62,053
Weighted average number of equity shares outstanding		4,834,941,252		4,802,285,697		4,863,935,370		4,830,841,298
Effect of dilutive equivalent share options		12,539,036		7,014,599		13,547,450		7,544,532
Weighted average number of equity shares for diluted earnings per share		4,847,480,288		4,809,300,296		4,877,482,820		4,838,385,830
Diluted earnings per share	₹	4.35	₹	4.03	₹	12.77	₹	12.83

22. Employee benefits

a) Employee costs include:

	Three months ended December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Salaries and bonus	₹	63,890	₹	65,250	₹	192,900	₹	195,988
Employee benefit plans
Gratuity and other defined benefit plans		266		283		798		840
Contribution to provident and other funds		1,455		1,514		4,364		4,746
Share based compensation		441		362		1,272		889
	₹ 66,052		₹ 67,409		₹ 199,334		₹ 202,463

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

	Three months ended December 31,				Nine months ended December 31,
	2016		2017		2016		2017
Cost of revenues	₹	55,741	₹	56,576	₹	167,953	₹	170,353
Selling and marketing expenses		6,451		7,083		20,037		20,842
General and administrative expenses		3,860		3,750		11,344		11,268
	₹ 66,052		₹ 67,409		₹ 199,334		₹ 202,463

The Company has granted 400,000 and 3,456,800 options under RSU option plan during the three and nine months ended December 31, 2017 respectively (2,294,000 and 2,319,000 for the three and nine months ended December 31, 2016); 10,000 and 2,718,400 options under ADS option plan during the three and nine months ended December 31, 2017 respectively (2,184,000 and 2,191,500 for three and nine months ended December 31, 2016).

The Company has also granted Nil and 1,097,600 Performance based stock options (RSU) during the three and nine months ended December 31, 2017 respectively (Nil and 79,000 for the three and nine months ended December 31, 2016); Nil and 1,113,600 Performance based stock options (ADS) during the three and nine months ended December 31, 2017 respectively (Nil and 188,000 for three and nine months ended December 31, 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 December 31, 2017, the Company had committed to spend approximately ₹ 12,238 and ₹ 11,600 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 December 31, 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 ₹ 31,731 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 final assessment order in November 2017 with a proposed demand of ₹ 3,286 (including interest of ₹ 1,166), arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. The Company has filed an appeal before Hon’ble ITAT, Bengaluru within the prescribed timelines.

For year ended March 31, 2014 the Company received the draft assessment order in January 2018 with a proposed demand of ₹ 8,701 (including interest of ₹ 2,700), arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. The Company will be filing objection before the DRP within the prescribed timelines.

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

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to ₹ 2,585 and ₹ 2,746 as of March 31, 2017 and December 31, 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.

In December 2017, National Grid filed a legal claim against the Company in U.S.District Court of the Eastern District of New York seeking damages amounting to $140 million (₹ 8,936 million) plus additional costs related to an ERP implementation project that was completed in 2014. The Company expects to defend itself against the claim and believes that the claim will not sustain.

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 December 31, 2016 is as follows:

	IT Services																IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		others		Total
Revenue		33,843		20,972		20,780		17,131		29,517		9,718		—		131,961		5,713			(29	)		137,645
Segment Result		6,413		3,400		3,415		3,856		5,355		1,604		—		24,043		(586	)		(336	)		23,121
Unallocated																112								112
Segment Result Total																24,155		(586	)		(336	)		23,233
Finance expense																								(1,366	)
Finance and other income																								5,719
Share of profit/(loss) of equity accounted investee																								—
Profit before tax																								27,586
Income tax expense																								(6,440	)
Profit for the period																								21,146
Depreciation and amortization																								5,412

25

Information on reportable segment for the nine months ended December 31, 2016 is as follows:

	IT Services																	IT Products			Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		others		Total
Revenue		101,056		61,786		62,213		51,368		88,518		29,478		—		394,419			19,309			(169	)		413,559
Segment Result		19,786		9,490		10,774		10,324		17,484		4,700		—		72,558			(1,252	)		(493	)		70,813
Unallocated																(1,762	)		—			—			(1,762	)
Segment Result Total																70,796			(1,252	)		(493	)		69,051
Finance expense																									(4,130	)
Finance and other income																									16,024
Share of profit/ (loss) of equity accounted investee																									—
Profit before tax																									80,945
Income tax expense																									(18,471	)
Profit for the period																									62,474
Depreciation and amortization																									14,926

Information on reportable segment for the three months ended December 31, 2017 is as follows:

	IT Services																	IT Products		Reconciling Items			Company total
	BFSI		HLS		CBU		ENU			MNT		COMM		others		Total
Revenue		37,766		18,463		21,209		16,426			30,050		8,432		—		132,346		4,498		(29	)		136,815
Segment Result		6,832		2,364		3,869		(1,312	)		5,692		1,315		—		18,760		195		(10	)		18,945
Unallocated																	830		—		—			830
Segment Result Total																	19,590		195		(10	)		19,775
Finance expense																								(1,205	)
Finance and other income																								6,134
Share of profit/ (loss) of equity accounted investee																								10
Profit before tax																								24,714
Income tax expense																								(5,355	)
Profit for the period																								19,359
Depreciation and amortization																								5,279

Information on reportable segment for the nine months ended December 31, 2017 is as follows:

	IT Services																IT Products		Reconciling Items			Company total
	BFSI		HLS		CBU		ENU		MNT		COMM		others		Total
Revenue		109,049		55,602		62,733		51,659		89,402		25,846		—		394,291		13,829		(4	)		408,116
Segment Result		18,328		7,796		10,047		5,774		16,267		3,911		—		62,123		314		305			62,742
Unallocated																2,167		—		—			2,167
Segment Result Total																64,290		314		305			64,909
Finance expense																							(4,065	)
Finance and other income																							18,995
Share of profit/ (loss) of equity accounted investee																							14
Profit before tax																							79,853
Income tax expense																							(17,775	)
Profit for the period																							62,078
Depreciation and amortization																							15,422

26

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 December 31,				Nine months ended December 31,
	2016		2017		2016		2017
India	₹	11,027	₹	10,021	₹	35,555	₹	32,551
Americas		73,696		70,388		216,831		212,579
Europe		32,414		35,642		98,980		101,789
Rest of the world		20,508		20,764		62,193		61,197
	₹	137,645	₹	136,815	₹	413,559	₹	408,116

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 nine months ended December 31, 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 profit and loss).

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) Segment results for ENU industry vertical for three months and nine months ended December 31, 2017 is after considering the impact of provision for impairment of receivables and deferred contract costs (Refer note 28).

25. List of subsidiaries and equity accounted investee as of December 31, 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. Wipro IT Services, Inc.		USA USA USA
		HPH Holdings Corp.(A) Appirio, Inc. (A)	USA USA
		Cooper Software, Inc.	USA
Wipro Overseas IT Services Pvt. Ltd			India

27

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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 (A)	Denmark
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC #		Qatar
	Wipro Technologies S.A DE C.V		Mexico
	Wipro BPO Philippines LTD. Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság	Wipro Holdings Investment Korlátolt Felelősségű Társaság	Hungary Hungary
	Wipro Technologies SA		Argentina
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Co. Limited *		Saudi Arabia
		Women’s Business Park Technologies 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	Wipro Technologies Nigeria Limited	Ghana South Africa 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

28

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		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
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, 74% of the equity securities of Wipro Airport IT Services Limited and 55% of the equity securities of Women’s Business Park Technologies 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’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa and Wipro Foundation in India

^(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 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 Designit Peru SAC	Colombia Peru

29

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

As of December 31, 2017, the Company held 43.7% interest in Drivestream Inc., accounted for using the equity method.

26. Bank balances

Details of balances with banks as of December 31, 2017 are as follows:

Name of Bank	ln current Account		In Deposit Account		Total
Citi Bank		13,602		1,058		14,660
HSBC Bank		4,548		6,431		10,979
Deutsche Bank		—		4,500		4,500
Yes Bank		—		4,216		4,216
ANZ Bank		236		3,287		3,523
HDFC Bank		1,967		1,000		2,967
Wells Fargo Bank		1,580		—		1,580
Saudi British Bank		40		1,447		1,487
BNP Paribas		688		—		688
ICICI Bank		1		575		576
Standard Chartered Bank		449		—		449
Indian Overseas Bank		—		244		244
Bank of Montreal		104		—		104
Metrobank		52		—		52
Funds in Transit		5,326		—		5,326
Others		605		109		714
Total		29,198		22,867		52,065

27. Buyback of equity shares

During the current period, the Company has concluded the buyback of 343.75 million equity shares as approved by the Board of Directors on July 20, 2017. This has resulted in a total cash outflow of ₹ 110,000 million. In line with the requirement of the Companies Act 2013, an amount of ₹ 1,656 and ₹ 108,344 has been utilized from the share premium account and retained earnings respectively. Further, capital redemption reserves (included in other reserves) of ₹ 687 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buy back, share capital has reduced by ₹ 687.

30

28. Consequent to insolvency of a customer post balance sheet date, the Company has recognized provision of ₹ 3,175 for impairment of receivables and deferred contract cost. ₹ 416 and ₹ 2,759 of these provision have been included in cost of revenue and General and administrative expenses respectively for the three months and nine months ended December 31, 2017.

29. Events after the reporting period

On January 19, 2018, the Board of Directors of the Company declared an interim dividend of ₹ 1.00 ($ 0.02) per equity share and ADR (50% on an equity share of par value of ₹ 2).

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
January 19, 2018

31

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 NINE MONTHS ENDED DECEMBER 31, 2017 UNDER IFRS (IASB)

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

	Particulars	Three months ended									Nine months ended					Year ended
		December 31,2017			September 30,2017			December 31,2016			December 31,2017		December 31,2016			March 31, 2017
1	Income from operations
	a) Net Sales/Income		136,690			134,234			136,878			407,185		410,527			550,402
	b) Other operating income		—			—			—			—		—			4,082
	c)Foreign exchange gains/(losses),net		125			453			767			931		3,032			3,777
	Total income from operations		136,815			134,687			137,645			408,116		413,559			558,261
2	Expenses
	a) Purchase of stock-in-trade		3,883			2,939			6,393			13,128		20,179			25,560
	b) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		719			(30	)		(414	)		1,144		(235	)		1,411
	c) Employee benefit expense		67,409			67,612			66,052			202,463		199,334			268,081
	d) Depreciation,amortisation and impairment		5,279			5,200			5,412			15,422		14,926			23,107
	e) Sub contracting/technical fees		21,543			21,503			21,224			63,293		61,503			82,747
	f) Other expenses		18,207			14,422			15,745			47,757		48,801			63,476
	Total expenses		117,040			111,646			114,412			343,207		344,508			464,382
3	Finance expenses		1,205			1,386			1,366			4,065		4,130			5,183
4	Finance and Other Income		6,134			6,661			5,719			18,995		16,024			21,660
5	Share of profits/(loss) of equity accounted investees		10			5			—			14		—			—
6	Profit before tax [1-2-3+4+5]		24,714			28,321			27,586			79,853		80,945			110,356
7	Tax expense		5,355			6,426			6,440			17,775		18,471			25,213
8	Net profit for the period [6-7]		19,359			21,895			21,146			62,078		62,474			85,143
9	Non Controlling Interest		(12	)		(22	)		52			25		190			248
10	Net profit after taxes and Non Controlling Interest [8-9]		19,371			21,917			21,094			62,053		62,284			84,895
11	Paid up equity share capital (Face value ₹ 2 per share)		9,047			9,733			4,861			9,047		4,861			4,861
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)
	Basic (in ₹)		4.03			4.52			4.36			12.85		12.81			17.48
	Diluted (in ₹)		4.03			4.52			4.35			12.83		12.77			17.43

1

1. The audited consolidated financial results of the Company for the three and nine months ended December 31, 2017 have been approved by the Board of Directors of the Company at its meeting held on January 19, 2018. 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 three and nine months ended December 31, 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”).

3. In December 2017, National Grid filed a legal claim against the Company in U.S. District Court of the Eastern District of New York seeking damages amounting to $140 million (8,936 million) plus additional costs related to an ERP implementation project that was completed in 2014. The Company expects to defend itself against the claim and believes that the claim will not sustain.

4. List of subsidiaries and equity accounted investees as of December 31, 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		USA
	Wipro Data Centre and Cloud Services, Inc.		USA
	Wipro IT Services, Inc.		USA
		HPH Holdings Corp.(A)	USA
		Appirio, Inc. (A)	USA
		Cooper Software, Inc.	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 (A)	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
		Women’s Business Park Technologies 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 Service 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 VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C	Peru
		InfoSERVER S.A.	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

3

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

* All the above direct subsidiaries are 100% held by the Company except that the Company holds 66.67% of the equity securities of Wipro Arabia Co. Limited, 74% of the equity securities of Wipro Airport IT Services Limited and 55% of the equity securities of Women’s Business Park Technologies 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’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa and Wipro Foundation in India

^(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 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
Cellent GmbH			Austria
	Frontworx Informations technologie GmbH		Austria
HPH Holdings Corp.			USA
	HealthPlan Services Insurance Agency, Inc.		USA
	HealthPlan Services, Inc.		USA

4

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

As of December 31, 2017, the Company held 43.7% interest in Drivestream Inc., accounted for using the equity method.

5. Segment Information

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

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. 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 December 31, 2017, September 30, 2017 and December 31, 2016, nine months ended December 31, 2017 and December 31, 2016 and year ended March 31, 2017 is as follows:

5

Particulars	Three months ended									Nine months ended						Year ended
	December 31, 2017			September 30, 2017			December 31, 2016			December 31, 2017			December 31, 2016			March 31, 2017
	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		37,766			36,349			33,843			109,049			101,056			135,967
HLS		18,463			17,989			20,972			55,602			61,786			82,242
CBU		21,209			20,989			20,780			62,733			62,213			83,417
ENU		16,426			17,769			17,131			51,659			51,368			68,883
MNT		30,050			30,010			29,517			89,402			88,518			119,175
COMM		8,432			8,583			9,718			25,846			29,478			38,756
Total of IT Services		132,346			131,689			131,961			394,291			394,419			528,440
IT Products		4,498			2,988			5,713			13,829			19,309			25,922
Reconciling Items		(29	)		10			(29	)		(4	)		(169	)		(183	)
Total Revenue		136,815			134,687			137,645			408,116			413,559			554,179
Other operating Income
IT Services		—			—			—			—			—			4,082
IT Products		—			—			—			—			—			—
Total Other Operating Income		—			—			—			—			—			4,082
Segment Result
IT Services
BFSI		6,832			6,055			6,413			18,328			19,786			24,939
HLS		2,364			2,698			3,400			7,796			9,490			9,479
CBU		3,869			3,244			3,415			10,047			10,774			14,493
ENU		(1,312	)		3,435			3,856			5,774			10,324			14,421
MNT		5,692			5,400			5,355			16,267			17,484			23,453
COMM		1,315			1,147			1,604			3,911			4,700			6,149
Unallocated		830			805			112			2,167			(1,762	)		(951	)
Other Operating Income		—			—			—									4,082
Total of IT Services		19,590			22,784			24,155			64,290			70,796			96,065
IT Products		195			88			(586	)		314			(1,252	)		(1,680	)
Reconciling Items		(10	)		169			(336	)		305			(493	)		(506	)
Total		19,775			23,041			23,233			64,909			69,051			93,879
Finance Expense		(1,205	)		(1,386	)		(1,366	)		(4,065	)		(4,130	)		(5,183	)
Finance and Other Income		6,134			6,661			5,719			18,995			16,024			21,660
Share of profit/ (loss) of equity accounted investee		10			5			—			14			—			—
Profit before tax		24,714			28,321			27,586			79,853			80,945			110,356

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.

6

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.

g) Segment results for ENU industry vertical for three months and nine months ended December 31, 2017 is after considering impact of provision for impairment of receivables and deferred contract cost (Refer note 9).

6. Issue of Bonus share

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

7. Buyback of equity shares:

During the current period, the Company has concluded the buyback of 343.75 million equity shares as approved by the Board of Directors on July 20, 2017. This has resulted in a total cash outflow of ₹ 110,000 million. In line with the requirement of the Companies Act 2013, an amount of ₹ 1,656 and ₹ 108,344 has been utilized from the share premium account and retained earnings respectively. Further, capital redemption reserves (included in other reserves) of ₹ 687 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buy back, share capital has reduced by ₹ 687.

8. Consequent to insolvency of a customer post balance sheet date, the Company has recorded a provision of ₹ 3,175 for impairment of receivables and deferred contract cost.

9. Events after the reporting period

On January 19, 2018, the Board of Directors of the Company declared an interim dividend of ₹ 1.00 ($ 0.02) per equity share and ADR (50% on an equity share of par value of ₹ 2).

By order of the Board,	For, Wipro Limited
	Azim H Premji
Place: Bangalore	Executive Chairman &
Date: January 19, 2018	Managing Director

7

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter ended December 31, 2017

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 17-18						FY 16-17
		Q3		Q2		Q1		FY		Q4		Q3		Q2		Q1
	Total IT Business Revenue
	IT Services Revenues ($MN)		2,013.0		2,013.5		1,971.7		7,704.5		1,954.6		1,902.8		1,916.3		1,930.8
	Sequential Growth		0.0%		2.1%		0.9%		4.9%		2.7%		-0.7%		-0.8%		2.6%
	Sequential Growth in Constant Currency*		0.9%		0.3%		0.3%		7.0%		1.7%		0.6%		0.9%		2.0%
	Operating Margin %		14.8**		17.3%		16.8%		18.0%		18.3%		18.3%		17.8%		17.8%
** Excluding the one time impact of insolvency of a customer, post balance sheet date, the normalized operating margin for the quarter was 17.2%
	Practices
	Analytics		7.0%		7.1%		7.1%		7.1%		6.9%		7.0%		7.3%		7.4%
	Application Services		45.3%		45.5%		45.8%		44.7%		45.7%		44.4%		43.8%		44.7%
	Business Process Services		12.6%		12.1%		12.0%		13.0%		12.3%		13.3%		13.4%		12.9%
	Global Infrastructure Services		28.2%		28.4%		28.1%		28.0%		28.0%		28.1%		28.2%		27.9%
	Product Engineering		6.9%		6.9%		7.0%		7.2%		7.1%		7.2%		7.3%		7.1%
	Strategic Business Units
	Communications		6.4%		6.5%		6.8%		7.3%		6.9%		7.4%		7.5%		7.6%
	Consumer Business Unit		16.0%		15.9%		15.8%		15.8%		15.8%		15.8%		15.7%		15.8%
	Energy, Natural Resources and Utilities		12.4%		13.5%		13.4%		13.1%		13.1%		13.0%		12.9%		13.2%
	Banking, Financial Services and Insurance		28.5%		27.6%		26.7%		25.7%		26.0%		25.5%		25.5%		25.6%
	Healthcare and Lifesciences		14.0%		13.7%		14.8%		15.6%		15.4%		16.0%		16.0%		15.3%
	Manufacturing and Technology		22.7%		22.8%		22.5%		22.5%		22.8%		22.3%		22.4%		22.5%
	Geography
	Americas		53.1%		53.6%		54.5%		54.7%		54.9%		55.5%		54.8%		53.5%
	APAC and Other Emerging Markets		11.0%		11.4%		10.9%		10.8%		10.8%		10.9%		10.8%		10.7%
	Europe		25.9%		25.1%		24.2%		24.4%		24.4%		23.6%		24.0%		25.4%
	India & Middle East business		10.0%		9.9%		10.4%		10.1%		9.9%		10.0%		10.4%		10.4%
	Guidance ($MN)		2,014-2,054		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 ($MN)		1,996-2,036		1,999-2,038		1,927-1,967				1,941-1,960		1,891-1,930		1,899-1,918		1,912-1,950
	IT Services Revenues ($MN)		2,013.0		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		9		8		9
	> $75M		17		16		18		18		18		17		19		19
	> $50M		41		39		36		34		34		33		33		33
	> $20M		90		90		90		91		91		90		91		91
	> $10M		167		170		163		163		163		170		171		170
	> $5M		272		270		262		268		268		264		258		252
	> $3M		364		370		357		354		354		349		341		336
	> $1M		635		627		624		602		602		576		571		565
	Revenue from Existing customers %		98.2%		99.2%		99.6%		98.0%		96.0%		97.6%		98.6%		99.7%
	Number of new customers		79		41		45		256		51		108		47		50
	Total Number of active customers		1281		1274		1244		1323		1323		1259		1180		1208
	Customer Concentration
	Top customer		3.1%		3.1%		2.9%		2.7%		2.9%		2.8%		2.6%		2.5%
	Top 5		11.3%		11.0%		10.3%		10.0%		10.0%		10.0%		10.1%		10.3%
	Top 10		17.8%		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.

		FY 17-18						FY16-17
		Q3		Q2		Q1		FY		Q4		Q3		Q2		Q1
	% of Revenue
	USD		58%		58%		59%		61%		60%		61%		61%		60%
	GBP		10%		10%		10%		10%		10%		10%		10%		11%
	EUR		9%		9%		9%		9%		9%		9%		9%		9%
	INR		8%		8%		8%		7%		7%		7%		8%		8%
	AUD		5%		5%		4%		4%		4%		4%		4%		4%
	CAD		2%		3%		3%		2%		3%		2%		2%		2%
	Others		8%		7%		7%		7%		7%		7%		6%		6%
	Closing Employee Count		162,553		163,759		166,790		165,481		165,481		164,176		159,791		158,272
	Utilization (IT Services excl. Infocrossing, BPS, Designit, cellent, HPS, Appirio, Cooper, Infoserver and I&ME)
	Gross Utilization		71.0%		72.9%		72.0%		71.5%		73.1%		71.6%		71.2%		69.9%
	Net Utilization (Excluding Support)		80.0%		81.8%		80.3%		80.2%		81.9%		80.0%		80.2%		78.8%
	Net Utilization (Excluding Trainees)		81.9%		82.5%		82.1%		82.3%		84.8%		81.9%		82.8%		79.7%
	Attrition
	(IT Services excl BPS)
	Voluntary TTM		15.9%		15.7%		15.9%		16.3%		16.3%		16.3%		16.6%		16.5%
	Voluntary Quarterly Annualized		16.2%		16.7%		16.1%		16.3%		14.8%		15.4%		17.2%		17.9%
	BPS %- Quarterly		12.8%		13.5%		12.8%		11.5%		11.2%		10.7%		12.2%		11.7%
	BPS % - Post Training Quarterly		11.1%		11.9%		11.4%		9.3%		9.0%		8.2%		10.8%		9.0%
	Sales & Support Staff - IT Services		14,881		14,880		14,769		14,466		14,612		14,385		14,543		14,324
B. IT Services (Excluding Infocrossing, BPS, Designit, cellent, HPS, Appirio, Cooper, Infoserver and I&ME)
	Revenue from FPP		57.7%		57.7%		58.2%		57.1%		58.3%		57.7%		56.4%		56.0%
	Onsite Revenue – % of Services		53.5%		53.2%		53.6%		53.7%		52.8%		53.5%		53.9%		54.4%
	Off shore Revenue – % of Services		46.5%		46.8%		46.4%		46.3%		47.2%		46.5%		46.1%		45.6%

C. Growth Metrics For Quarter ended December 31, 2017
	Reported Currency QoQ %		Reported Currency YoY %		Constant Currency QoQ %		Constant Currency YoY %
IT Services		0.0%		5.8%		0.9%		3.0%
Strategic Business Units
Communications		-2.1%		-9.0%		-0.7%		-12.8%
Consumer Business Unit		0.5%		7.7%		1.2%		5.6%
Energy, Natural Resources and Utilities		-7.9%		0.9%		-6.1%		-2.7%
Banking, Financial Services and Insurance		3.3%		17.9%		4.4%		14.5%
Healthcare and Lifesciences		2.1%		-7.3%		2.5%		-8.5%
Manufacturing and Technology		-0.4%		7.7%		0.0%		4.8%
Geography
Americas		-1.1%		1.0%		-0.7%		0.6%
APAC and Other Emerging Markets		-3.5%		7.5%		-0.5%		4.5%
Europe		3.3%		16.2%		4.7%		7.9%
India & Middle East business		1.2%		6.4%		1.4%		3.5%
Practices
Analytics		-1.2%		6.0%		-0.4%		3.6%
Application Services		-0.4%		7.8%		0.6%		4.5%
Business Process Services		4.3%		0.3%		4.7%		-1.1%
Global Infrastructure Services		-0.7%		6.4%		0.4%		3.2%
Product Engineering		-0.7%		1.3%		-0.3%		0.0%
D. Annexure to Datasheet
Segment-wise breakup of Cost of Revenues, S&M and G&A	Q3 FY 17-18 (INR Mn.)
Particulars	IT Services		IT Products		Reconciling Items		Total
Cost of revenues		91,773		4,118		85		95,976
Selling and marketing expenses		11,020		75		(22)		11,073
General and administrative expenses		9,963		110		(82)		9,991
Total		112,756		4,303		(19)		117,040