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 April 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 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 and year ended March 31, 2018. 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 April 25, 2018, we announced our results of operations for the quarter and year ended March 31, 2018. 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 April 25, 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 quarter and the year ended March 31, 2018 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 year ended March 31, 2018 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 year ended March 31, 2018 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 and year ended March 31, 2018. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

SIGNATURES

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

	WIPRO LIMITED
	/s/ Jatin Pravinchandra Dalal
	Jatin Pravinchandra Dalal
	Chief Financial Officer
Dated: April 27, 2018

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on April 25, 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

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the quarter and year ended March 31, 2018 under IFRS

IT Services Revenue surpasses $8 Billion

Bangalore, India and East Brunswick, New Jersey, USA – April 25, 2018 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter and year ended March 31, 2018.

Highlights of the Results

Results for the Year ended March 31, 2018:

• Gross Revenue was ₹544.9 billion ($8.4 billion¹), a decline of 1.0% YoY.

• IT Services Segment Revenue was $8,060.2 million, an increase of 4.6% YoY.

• Non-GAAP constant currency IT Services Segment Revenue grew 2.9% YoY.

• IT Services Segment Revenue in Rupee terms remained flat at ₹528.4 billion ($8.1 billion¹).

• IT Services Margin was 15.8%. Excluding the impact of insolvency of two customers and the impairment loss in one of our acquisitions, IT Services Margin for the year was 16.8%*.

• Net Income³ was ₹80.1 billion ($1.2 billion¹), a decrease of 5.7% YoY.

Results for the Quarter ended March 31, 2018:

• Gross Revenue was ₹137.7 billion ($2.1 billion¹), an increase of 0.7% sequentially.

• IT Services Segment Revenue in dollar terms was $2,062.0 million, up 2.4% sequentially and 5.5% YoY.

• Non-GAAP constant currency IT Services Segment Revenue grew 1.1% sequentially and 2.5% YoY.

• IT Services Segment Revenue in Rupee terms at ₹134.1 billion ($2.1 billion¹), an increase of 1.3% sequentially.

• IT Services Margin for the quarter was 14.4%. Excluding the impact of insolvency of a customer and the impairment loss in one of our acquisitions, IT Services Margin for the quarter was 16.0%*.

• Net Income³ for the quarter was ₹18.0 billion ($277 million¹).

Performance for the quarter and year ended March 31, 2018

Abidali Z. Neemuchwala, CEO and Member of the Board said - “Our investments in Digital and our efforts in client mining are paying off well. Our strong order bookings in the last two quarters provide us the right foundation to grow as we progress through the year.”

Jatin Dalal, Chief Financial Officer said - “We continue to make progress in our client mining, with number of clients contributing revenues over $75 million increasing from 17 to 20 during the quarter. Our investments in Wipro HOLMES^TM and our automation suite are resulting in consistent productivity improvements. We generated robust Operating Cash Flows of ₹84 billion at 105% of our Net Income in FY18.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = ₹65.11, as published by the Federal Reserve Board of Governors on March 31, 2018. However, the realized exchange rate in our IT Services business segment for the quarter ended March 31, 2018 was US$1= ₹65.04

2. Segment Profit refers to Segment Results Total.

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

4. * For the year, we recognized provisions totaling ₹5,255 million ($81 million¹) with respect to insolvency of two customers and the impairment loss in one of our acquisitions. For the quarter, we recognized provisions totaling ₹2,080 million ($32 million¹) with respect to insolvency of a customer and the impairment loss in one of our acquisitions.

Outlook for the Quarter ending June 30, 2018

We expect Revenue from our IT Services business to be in the range of $2,015 million to $2,065 million*. We had announced the divestiture of our hosted data center services business to Ensono for a consideration of $405 million. We expect the transaction to complete during the quarter ending June 30, 2018. For the purpose of the Outlook, we have not considered the impact of the divestment on the Revenue for the quarter ending June 30, 2018. We will revise the Outlook for the quarter based on the actual date of completion of the divestment.

* Outlook is based on the following exchange rates: GBP/USD at 1.39, Euro/USD at 1.24, AUD/USD at 0.78, USD/INR at 65.12 and USD/CAD at 1.27.

Capital Allocation-:

The Board of Directors at its meeting held on January 19, 2018, had declared an interim dividend of ₹1 per equity share for the financial year 2017–18. The Board recommends adoption of the interim dividend as the final dividend for the financial year 2017–18. Thus, the total dividend for the financial year 2017–18 remains ₹1 per equity share. We also completed a buyback of ₹110,000 million in December 2017.

IT Services

We signed a definitive agreement to divest Wipro’s hosted data center services business to Ensono, a leading hybrid IT services provider, for USD 405 million. Wipro will unlock value by transitioning eight data centers and over 900 employees of its hosted data center services business to Ensono. As part of the agreement, Wipro will make a strategic investment of USD 55 million in Ensono’s combined entity.

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

A leading North American healthcare technology company has chosen Wipro as a strategic partner to help enhance its services and solutions, consolidate operations and grow the scale and scope of their offerings. Leveraging the Wipro HOLMES^TM platform, Wipro will implement digital solutions that harness the power of cognitive computing, machine learning and hyper-automation. This engagement will help the client address the emerging needs of the industry as they work towards enabling a more value-based healthcare system.

Wipro has won a multi-year infrastructure transformation deal in the Securities & Capital Markets domain from a global financial services firm. The deal encompasses hybrid cloud management services, workplace services, cybersecurity operations, and cloud-enabled transformation, and will standardize and modernize IT operations across the client’s lines of business. In addition to leveraging Wipro’s expertise in infrastructure operations transformation, the engagement will be powered by Wipro HOLMES^TM for intelligent automation, and analytics-driven insights.

Wipro has won a multi-year contract from a leading German automotive company to transform and operate a large advanced analytics platform. The program will foster business agility and scalability for the client through transformation of enterprise operations and data-driven business insights.

A leading network equipment provider has selected Wipro to enhance its Internet Protocol products. Wipro will develop next-generation platforms for the client as well as support their existing product portfolio.

Digital highlights

We continue to see increasing traction in digital oriented deals as illustrated below:

A national U.S. retailer has hired Wipro Digital to support the ongoing development of its new omnichannel B2B platform and website. Wipro Digital’s Buildit engineering team will partner with the retailer to introduce new approaches and agile methodologies to enhance the user experience.

A North American healthcare company has chosen Wipro as its digital transformation partner to digitize and improve its partner experience to take advantage of the evolving business models in the healthcare industry. The project will leverage the offerings of Wipro Digital and its strategic design firm Designit - in product design, product branding and technology implementation.

Designit and Wipro Digital undertook a strategic design engagement to reimagine the merchant onboarding process for a large credit card processing firm. The extensive desk and field research resulted in the development of a reimagined onboarding experience. The new platform will help the client differentiate and remain competitive in a highly disrupted industry.

Wipro continues to win deals in the cloud applications space by leveraging Appirio Cloud Services:

• A large US-based healthcare company has selected Wipro to support the consolidation and standardization of its CRM processes;

• Wipro was selected by a social purpose-driven software company to standardize the user experience of their organization and its sub brands on a cloud platform;

• A global financial services firm has selected Wipro to upgrade its existing CRM solution; and

• An international non-profit organization has chosen Wipro to transform its financial accounting processes.

Analyst Accolades and Awards

Wipro was positioned as a Leader in the NelsonHall Big Data & Analytics NEAT Report 2017.

Wipro won the ‘Best Blockchain Application of the Year’ award at the Global Logistics Excellence Awards 2018.

Wipro was recognized as the leading AI Partner for 2017 by Intel Corporation at the Intel AI and HPC Ecosystem Summit 2018, for driving transformational outcomes for clients, by leveraging solutions powered by Wipro HOLMES^TM and Intel’s AI-optimized hardware platforms.

Wipro was recognized at the 14th Annual 2018 Info Security Product Guide’s Global Excellence Awards^®, in three categories - Managed Security Services, Security Products and Solutions for Enterprise (Large) and Identity Management.

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

IT Products

• IT Products Segment Revenue for the quarter ended March 31, 2018 was ₹4.2 billion ($64 million¹).

• IT Products Segment Revenue for the year ended March 31, 2018 was ₹18.0 billion ($276 million¹).

• IT Products Margin for the year was 2.0%.

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 and year ended March 31, 2018, 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/wipro180425.html

An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading 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 March 31,
	2017		2018		2018
					Convenience translation into US dollar in millions (unaudited) Refer footnote 1 on Page 1
ASSETS
Goodwill		125,796		117,584		1,806
Intangible assets		15,922		18,113		278
Property, plant and equipment		69,794		64,443		990
Derivative assets		106		41		1
Investments		7,103		7,668		118
Investment in equity accounted investee		—		1,206		19
Trade receivables		3,998		4,446		68
Deferred tax assets		3,098		6,908		106
Non-current tax assets		12,008		18,349		282
Other non-current assets		16,793		15,726		242
Total non-current assets		254,618		254,484		3,910
Inventories		3,915		3,370		52
Trade receivables		94,846		100,990		1,551
Other current assets		30,751		30,596		469
Unbilled revenues		45,095		42,486		653
Investments		292,030		249,094		3,826
Current tax assets		9,804		6,262		96
Derivative assets		9,747		1,232		19
Cash and cash equivalents		52,710		44,925		690
		538,898		478,955		7,356
Assets held for sale		—		27,201		418
Total current assets		538,898		506,156		7,774
TOTAL ASSETS		793,516		760,640		11,684
EQUITY
Share capital		4,861		9,048		139
Share premium		469		800		12
Retained earnings		490,930		453,265		6,962
Share based payment reserve		3,555		1,772		27
Other components of equity		20,489		18,051		277
Equity attributable to the equity holders of the Company		520,304		482,936		7,417
Non-controlling interest		2,391		2,410		37
TOTAL EQUITY		522,695		485,346		7,454
LIABILITIES
Long - term loans and borrowings		19,611		45,268		695
Derivative liabilities		2		7		—
Deferred tax liabilities		6,614		3,059		47
Non-current tax liabilities		9,547		9,220		142
Other non-current liabilities		5,500		4,230		65
Provisions		4		3		—
Total non-current liabilities		41,278		61,787		949
Loans, borrowings and bank overdrafts		122,801		92,991		1,428
Trade payables and accrued expenses		65,486		68,129		1,047
Unearned revenues		16,150		17,139		264
Current tax liabilities		8,101		9,417		145
Derivative liabilities		2,708		2,210		34
Other current liabilities		13,027		16,613		256
Provisions		1,270		796		12
		229,543		207,295		3,186
Liabilities directly associated with assets held for sale		—		6,212		95
Total current liabilities		229,543		213,507		3,281
TOTAL LIABILITIES		270,821		275,294		4,230
TOTAL EQUITY AND LIABILITIES		793,516		760,640		11,684

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 March 31,									Year ended March 31,
	2017			2018			2018			2017			2018			2018
							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		139,875			137,686			2,115			550,402			544,871			8,368
Cost of revenues		(100,771	)		(97,794	)		(1,502	)		(391,544	)		(385,575	)		(5,922	)
Gross profit		39,104			39,892			613			158,858			159,296			2,446
Selling and marketing expenses		(11,836	)		(11,263	)		(173	)		(40,817	)		(42,349	)		(650	)
General and administrative expenses		(7,267	)		(9,801	)		(151	)		(32,021	)		(34,141	)		(524	)
Foreign exchange gains/(losses), net		745			557			9			3,777			1,488			23
Other Operating Income		4,082			—			—			4,082			—			—
Results from operating activities		24,828			19,385			298			93,879			84,294			1,295
Finance expenses		(1,170	)		(1,564	)		(24	)		(5,942	)		(5,830	)		(90	)
Finance and other income		5,753			4,803			74			22,419			23,999			369
Share of profits/(loss) of equity accounted investee		—			(3	)		—			—			11			—
Profit before tax		29,411			22,621			348			110,356			102,474			1,574
Income tax expense		(6,742	)		(4,615	)		(71	)		(25,213	)		(22,390	)		(344	)
Profit for the period		22,669			18,006			277			85,143			80,084			1,230
Attributable to:
Equity holders of the Company		22,611			18,028			277			84,895			80,081			1,230
Non-controlling interest		58			(22	)		—			248			3			—
Profit for the period		22,669			18,006			277			85,143			80,084			1,230
Earnings per equity share:
Attributable to equity share holders of the Company
Basic		4.68			4.00			0.06			17.48			16.86			0.26
Diluted		4.66			4.00			0.06			17.43			16.83			0.26
Weighted average number of equity shares used in computing earnings per equity share
Basic		4,835,568,066			4,503,353,231			4,503,353,231			4,857,081,010			4,750,043,400			4,750,043,400
Diluted		4,849,694,210			4,511,906,041			4,511,906,041			4,871,347,138			4,758,361,975			4,758,361,975
Additional Information
Segment Revenue
IT Services Business Units
BFSI		34,911			39,013			599			135,967			148,062			2,274
HLS		20,456			18,575			285			82,242			74,177			1,139
CBU		21,204			21,029			323			83,417			83,762			1,286
ENU		17,515			16,768			258			68,883			68,427			1,051
MNT		30,657			30,870			474			119,175			120,272			1,847
COMM		9,278			7,864			121			38,756			33,710			518
IT SERVICES TOTAL		134,021			134,119			2,060			528,440			528,410			8,115
IT PRODUCTS		6,613			4,169			64			25,922			17,998			276
RECONCILING ITEMS		(14	)		(45	)		(1	)		(183	)		(49	)		(1	)
TOTAL		140,620			138,243			2,123			554,179			546,359			8,390
Other operating Income
IT Services		4,082									4,082
IT Products
Segment Result
IT Services Business Units
BFSI		5,153			6,298			97			24,939			24,626			378
HLS		(11	)		1,824			28			9,479			9,620			148
CBU		3,719			3,013			46			14,493			13,060			201
ENU		4,097			2,286			35			14,421			8,060			124
MNT		5,969			5,475			84			23,453			21,742			334
COMM		1,449			(753	)		(12	)		6,149			3,158			49
OTHERS		—			—			—			—			—
Other Operating Income		4,082									4,082
UNALLOCATED		811			1,180			18			(951	)		3,347			51
TOTAL IT SERVICES		25,269			19,323			296			96,065			83,613			1,285
IT PRODUCTS		(428	)		48			1			(1,680	)		362			6
RECONCILING ITEMS		(13	)		14			—			(506	)		319			5
TOTAL		24,828			19,385			297			93,879			84,294			1,295
FINANCE EXPENSE		(1,170	)		(1,564	)		(24	)		(5,942	)		(5,830	)		(90	)
FINANCE AND OTHER INCOME		5,753			4,803			74			22,419			23,999			369
SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE		—			(3	)		—			—			11			0
PROFIT BEFORE TAX		29,411			22,621			347			110,356			102,474			1,575
INCOME TAX EXPENSE		(6,742	)		(4,615	)		(71	)		(25,213	)		(22,390	)		(344	)
PROFIT FOR THE PERIOD		22,669			18,006			276			85,143			80,084			1,231

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 March 31, 2018
IT Services Revenue as per IFRS	$	2,062.0		IT Services Revenue as per IFRS	$	2,062.0
Effect of Foreign currency exchange movement	$	(26.6	)	Effect of Foreign currency exchange movement	$	(58.0	)
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,035.4		Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates	$	2,004.0

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

Year ended March 31, 2018
IT Services Revenue as per IFRS	$	8,060.2
Effect of Foreign currency exchange movement	$	(131.0	)
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	7,929.2

EX-99.2

Performance for the Quarter and Year ended March 31, 2018 Jatin Dalal Chief Financial Officer Wipro Limited Exhibit 99.2

IT Services Revenue for the year ↑ 4.6% YoY growth in $ terms ↑ 2.9% YoY growth in constant currency terms $ 8060.2 Million

IT Services Revenue for the quarter ↑ 1.1% QoQ growth in constant currency terms ↑ 2.4% QoQ growth in $ terms $ 2062.0 Million

IT Services Margin for the year 16.8% reported margins 15.8% adjusted margins* *adjusted for insolvency of two of our customers and impairment loss in one of our acquisitions

IT Services Margin for the quarter 16.0% reported margins 14.4% adjusted margins* *adjusted for client insolvency and impairment loss in one of our acquisitions

Net income for the year Highlights: The Effective Tax Rate for FY’18 was 21.8% vs 22.8% for FY’17. ₹ 80.1 Billion

Net income for the quarter Highlights: Realized rate for IT Services Revenue in Q4’18 was ₹65.04 vs. a rate of ₹65.74 realized in Q3. The Effective Tax Rate for Q4’18 was 20.4%. ₹ 18.0 Billion

Operating Cash flow for the year ended March 31 , 2018 105% of net income Gross Cash: ₹29,402 crores ₹ 84.2 Billion

Year highlights Business Units Banking, Financial Services & Insurance Manufacturing & Technology ↑ 14.1% YoY in $ terms ↑ 5.8% YoY in $ terms Geographies Europe APAC & Other Emerging Markets ↑ 9.8% YoY in $ terms ↑ 7.1% YoY in $ terms Services Application Services Digital ↑ 6.2% YoY in $ terms ↑ 27.3% YoY in $ terms

Quarter highlights Business Units Banking, Financial Services & Insurance Manufacturing & Technology ↑ 4.7% QoQ in $ terms ↑ 4.1% QoQ in $ terms Geographies Europe US ↑ 6.5% QoQ in $ terms ↑ 1.7% QoQ in $ terms Services Process Engineering Services Digital ↑ 8.1% QoQ in $ terms ↑ 9.0% QoQ in $ terms

Other highlights We surpassed the $8 Billion mark in IT Services Revenue this year. Consulting grew 26.0% during the year. In the last one year, net head count reduced by 1.0% while our revenues increased by 5.5%. In Q4, our Top 10 accounts grew 5.5% QoQ and 14.8% YoY. Added 3 more accounts over $75Mn this quarter. Two of our accounts crossed $250Mn mark on a run rate basis in Q4. FPP mix at all time-high of 58.7%.

Outlook Q1 FY19 -2.3% to 0.1% in CC terms We expect the Revenue from our IT Services business to be in the range of $2,015 million to $2,065 million*. * Guidance is based on the following exchange rates: GBP/USD at 1.39, Euro/USD at 1.24, AUD/USD at 0.78, USD/INR at 65.12 and USD/CAD at 1.27.

Thank You

Reconciliation of Selected GAAP measures to Non-GAAP measures WIPRO LIMITED AND SUBSIDIARIES (Amounts in crores)   As of   March 31, 2018 Computation of Gross cash position   Cash and cash equivalents 4,493 Investments - Current 24,909 Total 29,402 Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended March 31, 2018 Three months ended March 31, 2018 IT Services Revenue as per IFRS $2062.0 IT Services Revenue as per IFRS $2,062.0 Effect of Foreign currency exchange movement ($26.6) Effect of Foreign currency exchange movement ($58.0) Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 2,035.4   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $2,004.0 Reconciliation of Non-GAAP constant currency Revenue Reconciliation of Gross Cash Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Year ended March 31, 2018 IT Services Revenue as per IFRS $8060.2 Effect of Foreign currency exchange movement ($131.0) Non-GAAP Constant Currency IT Services Revenue based on previous year exchange rates $ 7,929.2   Reconciliation of Non-GAAP constant currency Revenue

Reconciliation of Adjusted Segment Result and Net Income Reconciliation of Adjusted Segment Result for the quarter ended March 31, 2018 (₹ MN) IT Services Segment Results 19,323 Impact of customer insolvency & Impairment loss 2,080 Adjusted IT Services Segment Results 21,403 Adjusted IT Services Segment Margin 16.0% Reconciliation of Adjusted Segment Result for the year ended March 31, 2018 (₹ MN) IT Services Segment Results 83,613 Impact of customer insolvency & Impairment loss 5,255 Adjusted IT Services Segment Results 88,868 Adjusted IT Services Segment Margin 16.8%

EX-99.3

Exhibit 99.3

Wipro Limited Extract of audited financial results of Wipro Limited and its subsidiaries for the Quarter ended March 31, 2018 Consolidated Audited Financial Results of Wipro Limited under IFRS (` in millions, except share and per share data, unless otherwise stated) Particulars    Quarter ended March 31, 2018 Year ended March 31, 2018 Quarter ended March 31, 2017 Total income from operations (net) 138,243 546,359 144,702 Net Profit / (Loss) before tax, exceptional and extraordinary items 22,621102,47429,411 Net Profit / (Loss) before tax but after exceptional and extraordinary items 22,621 102,474 29,411 Net Profit / (Loss) after tax, exceptional and extraordinary items 18,00 680,084 22,669 Total Comprehensive Income after tax 17,456 76,975 19,697 Equity Share Capital 9,048 9,0484,861 Reserves excluding Revaluation Reserve 476,298 476,29 8517,834 Earnings Per Share (after extraordinary items) (of ` 2/- each) Basic: Diluted: 4.00 4.00 16.86 16.83 4.68 4.66 The audited interim consolidated financial results of the Company for the quarter ended March 31, 2018 have been approved by the Board of Directors of the Company at its meeting held on April 25, 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. Consolidated Audited Financial results under Ind AS Particulars Quarter ended March 31, 2018 Year ended March 31, 2018 Quarter ended March 31, 2017 Total income from operations (net) 137,686 544,871 139,875 Net Profit / (Loss) before tax, exceptional and extraordinary items 22,623 102,422 29,412 Net Profit / (Loss) before tax but after exceptional and extraordinary items 22,623 102,422 29,412 Net Profit / (Loss) after tax, exceptional and extraordinary items 18,008 80,031 22,670 Total Comprehensive Income after tax 17,38676,90419,878 Equity Share Capital 9,048 9,0484,861 Reserves excluding Revaluation Reserve 472,625 472,625 514,232 Earnings Per Share (after extraordinary items ) (of ` 2/- each)                Basic: Diluted: 4.00 4.00 16.85 16.82 4.68 4.66 The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended March 31, 2018 have been approved by the Board of Directors of the Company at its meeting held on April 25, 2018. The statutory auditors have expressed an unmodified audit opinion. Standalone Audited Financial Results of Wipro Limited under Ind AS Particulars Quarter ended March 31, 2018 Year ended March 31, 2018 Quarter ended March 31, 2017 Total income from operations (net) 114,340 447,100 116,282 Net Profit / (Loss) before tax, exceptional and extraordinary items 22,183 100,343 30,051 Net Profit / (Loss) before tax but after exceptional and extraordinary items 22,183 100,343 30,051 Net Profit / (Loss) after tax, exceptional and extraordinary items 17,572 77,228 23,035 Total Comprehensive Income after tax14,39269,92823,957 Equity Share Capital 9,048 9,048 4,861 Reserves excluding Revaluation Reserve 413,578 413,578 462,195 Earnings Per Share (after extraordinary items) (of ` 2/- each) Basic: Diluted: 3.90 3.89 16.26 16.23 4.76 4.75 The audited interim financial results of the Company for the quarter ended March 31, 2018 have been approved by the Board of Directors of the Company at its meeting held on April 25, 2018. The statutory auditors have expressed an unmodified audit opinion. Notes: The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Bombay Stock Exchange website (URL: www.bseindia.com/corporates), the National Stock Exchange website (URL: www.nseindia.com/corporates) and on the Company’s website (URL: www.wipro.com).    Consequent to insolvency of two of our customers, the Company has recognized provision of ` 1,437 and ` 4,612 in our Consolidated results and ` 1,437 and ` 3,832 in our Standalone Results for impairment of receivables and deferred contract cost for the quarter ended March 31, 2018, and year ended March 31, 2018, respectively.                 By Order of the Board,                 For Wipro Ltd.                Place: BangaloreAzim H Premji    Date: April 25, 2018 Chairman & Managing Director CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560035, India Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS UNDER IFRS

AS AT AND FOR THE THREE MONTHS AND YEAR ENDED March 31, 2018

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 March 31,
	Notes	2017		2018		2018
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill	5		125,796		117,584		1,806
Intangible assets	5		15,922		18,113		278
Property, plant and equipment	4		69,794		64,443		990
Derivative assets	13,14		106		41		1
Investments	7		7,103		7,668		118
Investment in equity accounted investee	7		—		1,206		19
Trade receivables			3,998		4,446		68
Deferred tax assets			3,098		6,908		106
Non-current tax assets			12,008		18,349		282
Other non-current assets	10		16,793		15,726		242
Total non-current assets			254,618		254,484		3,910
Inventories	8		3,915		3,370		52
Trade receivables			94,846		100,990		1,551
Other current assets	10		30,751		30,596		469
Unbilled revenues			45,095		42,486		653
Investments	7		292,030		249,094		3,826
Current tax assets			9,804		6,262		96
Derivative assets	13,14		9,747		1,232		19
Cash and cash equivalents	9		52,710		44,925		690
			538,898		478,955		7,356
Assets held for sale	28		—		27,201		418
Total current assets			538,898		506,156		7,774
TOTAL ASSETS			793,516		760,640		11,684
EQUITY
Share capital			4,861		9,048		139
Share premium			469		800		12
Retained earnings			490,930		453,265		6,962
Share based payment reserve			3,555		1,772		27
Other components of equity			20,489		18,051		277
Equity attributable to the equity holders of the Company			520,304		482,936		7,417
Non-controlling interest			2,391		2,410		37
TOTAL EQUITY			522,695		485,346		7,454
LIABILITIES
Long - term loans and borrowings	11		19,611		45,268		695
Derivative liabilities	13,14		2		7		—
Deferred tax liabilities			6,614		3,059		47
Non-current tax liabilities			9,547		9,220		142
Other non-current liabilities	12		5,500		4,230		65
Provisions	12		4		3		—
Total non-current liabilities			41,278		61,787		949
Loans, borrowings and bank overdrafts	11		122,801		92,991		1,428
Trade payables and accrued expenses			65,486		68,129		1,047
Unearned revenues			16,150		17,139		264
Current tax liabilities			8,101		9,417		145
Derivative liabilities	13,14		2,708		2,210		34
Other current liabilities	12		13,027		16,613		256
Provisions	12		1,270		796		12
			229,543		207,295		3,186
Liabilities directly associated with assets held for sale	28		—		6,212		95
Total current liabilities			229,543		213,507		3,281
TOTAL LIABILITIES			270,821		275,294		4,230
TOTAL EQUITY AND LIABILITIES			793,516		760,640		11,684

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
April 25, 2018

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

		Three months ended March 31,									Year ended March 31,
	Notes	2017			2018			2018			2017			2018			2018
								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		139,875			137,686			2,115			550,402			544,871			8,368
Cost of revenues	18		(100,771	)		(97,794	)		(1,502	)		(391,544	)		(385,575	)		(5,922	)
Gross profit			39,104			39,892			613			158,858			159,296			2,446
Selling and marketing expenses	18		(11,836	)		(11,263	)		(173	)		(40,817	)		(42,349	)		(650	)
General and administrative expenses	18		(7,267	)		(9,801	)		(151	)		(32,021	)		(34,141	)		(524	)
Foreign exchange gains/(losses), net			745			557			9			3,777			1,488			23
Other Operating Income			4,082			—			—			4,082			—			—
Results from operating activities			24,828			19,385			298			93,879			84,294			1,295
Finance expenses	19		(1,170	)		(1,564	)		(24	)		(5,942	)		(5,830	)		(90	)
Finance and other income	20		5,753			4,803			74			22,419			23,999			369
Share of profits/(loss) of equity accounted investee	7		—			(3	)		—			—			11			—
Profit before tax			29,411			22,621			348			110,356			102,474			1,574
Income tax expense	16		(6,742	)		(4,615	)		(71	)		(25,213	)		(22,390	)		(344	)
Profit for the period			22,669			18,006			277			85,143			80,084			1,230
Attributable to:
Equity holders of the Company			22,611			18,028			277			84,895			80,081			1,230
Non-controlling interest			58			(22	)		—			248			3			—
Profit for the period			22,669			18,006			277			85,143			80,084			1,230
Earnings per equity share:	21
Attributable to equity share holders of the Company
Basic			4.68			4.00			0.06			17.48			16.86			0.26
Diluted			4.66			4.00			0.06			17.43			16.83			0.26
Weighted average number of equity shares used in computing earnings per equity share
Basic			4,835,568,066			4,503,353,231			4,503,353,231			4,857,081,010			4,750,043,400			4,750,043,400
Diluted			4,849,694,210			4,511,906,041			4,511,906,041			4,871,347,138			4,758,361,975			4,758,361,975

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
April 25, 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 March 31,									Year ended March 31,
	Notes	2017			2018			2018			2017			2018			2018
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period			22,669			18,006			277			85,143			80,084			1,230
Items that will not be reclassified to profit or loss
Defined benefit plan actuarial gains/(losses)			79			106			2			169			567			9
Net change in fair value of financial instruments through OCI			(168	)		(1,273	)		(20	)		(168	)		(750	)		(12	)
			(89	)		(1,167	)		(18	)		1			(183	)		(3	)
Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences	15		(3,916	)		2,523			39			(3,078	)		3,527			54
Net change in time value of option contracts designated as cash flow hedges	13,16		9			10			—			9			1			—
Net change in intrinsic value of option contracts designated as cash flow hedges	13,16		77			2			—			77			(76	)		(1	)
Net change in fair value of forward contracts designated as cash flow hedges	13,16		819			(1,773	)		(27	)		3,910			(5,945	)		(91	)
Net change in fair value of financial instruments through OCI	7,16		128			(145	)		(2	)		1,179			(433	)		(7	)
			(2,883	)		617			10			2,097			(2,926	)		(45	)
Total other comprehensive income/(loss), net of taxes			(2,972	)		(550	)		(8	)		2,098			(3,109	)		(48	)
Total comprehensive income for the period			19,697			17,456			269			87,241			76,975			1,182
Attributable to:
Equity holders of the Company			19,757			17,427			269			87,062			76,956			1,182
Non-controlling interest			(60	)		29			—			179			19			—
			19,697			17,456			269			87,241			76,975			1,182

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
April 25, 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			425,118			2,229			16,116			1,910		216		465,172			2,212			467,384
Total comprehensive income for the year
Profit for the year		—			—			—			84,895			—			—			—		—		84,895			248			85,143
Other comprehensive income		—			—						—			—			(3,009	)		3,996		1,180		2,167			(69	)		2,098
Total comprehensive income for the year		—			—			—			84,895			—			(3,009	)		3,996		1,180		87,062			179			87,241
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Cash dividend paid (including dividend tax thereon)		—			—			—			(8,734	)		—			—			—		—		(8,734	)		—			(8,734	)
Issue of equity shares on exercise of options		187,275			^			81			—			(81	)		—			—		—		—			—			—
Issue of shares by controlled trust on exercise of options		—			—			—			384			(384	)		—			—		—		—			—			—
Buyback of equity shares		(40,000,000	)		(80	)		(14,254	)		(10,746	)		—			—			—		80		(25,000	)		—			(25,000	)
Compensation cost related to employee share based payment		—			—			—			13			1,791			—			—		—		1,804			—			1,804
Total transactions with owners of the Company		(39,812,725	)		(80	)		(14,173	)		(19,083	)		1,326			—			—		80		(31,930	)		—			(31,930	)
As at March 31, 2017		2,430,900,565			4,861			469			490,930			3,555			13,107			5,906		1,476		520,304			2,391			522,695

5

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, 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 year
Profit for the year		—			—			—			80,081			—			—		—			—			80,081			3		80,084
Other comprehensive income		—			—			—			—			—			3,511		(6,020	)		(616	)		(3,125	)		16		(3,109	)
Total comprehensive income for the year		—			—			—			80,081			—			3,511		(6,020	)		(617	)		76,956			19		76,975
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Cash dividend paid (including dividend tax thereon)		—			—			—			(5,420	)		—			—		—			—			(5,420	)		—		(5,420	)
Issue of equity shares on exercise of options		3,559,599			8			1,987			—			(1,971	)		—		—			—			24			—		24
Issue of shares by controlled trust on exercise of options		—			—			—			1,182			(1,182	)		—		—			—			—			—		—
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		—			—			—			14			1,370			—		—			—			1,384			—		1,384
Total transactions with owners of the Company		2,092,883,926			4,187			331			(117,746	)		(1,783	)		—		—			687			(114,324	)		—		(114,324	)
As at March 31, 2018		4,523,784,491			9,048			800			453,265			1,772			16,618		(114	)		1,547			482,936			2,410		485,346
Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)					139			12			6,962			27			255		(2	)		24			7,417			37		7,454

* includes 13,728,607 and 23,097,216 treasury shares held as of March 31, 2017 and 2018 respectively by a controlled trust.

* During the year 1,101,217 and 4,351,775 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2017 and 2018.

# refer note 27

^ value is less than ₹ 1

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
April 25, 2018

6

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

	Year ended March 31,
	2017			2018			2018
							Convenience Translation into US$ in millions (Unaudited) Refer note 2 (iv)
Cash flows from operating activities:
Profit for the period		85,143			80,084			1,230
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		117			(334	)		(5	)
Depreciation, amortization and impairment		23,107			21,124			324
Unrealized exchange (gain)/loss, net		3,945			4,794			74
Gain on sale of investments, net		(3,486	)		(5,978	)		(92	)
Share based compensation expense		1,742			1,347			21
Share of profits/(loss) of equity accounted investee		—			11			*
Income tax expense		25,213			22,390			344
Dividend and interest income, net		(16,259	)		(14,569	)		(224	)
Gain from sale of EcoEnergy division		(4,082	)		—			—
Other non-cash items		(1,732	)		4,405			68
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		3,346			(9,735	)		(150	)
Unbilled revenues		3,813			2,192			34
Inventories		1,475			545			8
Other assets		4,054			(170	)		(3	)
Trade payables, accrued expenses, other liabilities and provisions		(5,202	)		4,499			69
Unearned revenues		(2,945	)		1,733			27
Cash generated from operating activities before taxes		118,249			112,338			1,725
Income taxes paid, net		(25,476	)		(28,105	)		(432	)
Net cash generated from operating activities		92,773			84,233			1,293
Cash flows from investing activities:
Purchase of property, plant and equipment		(20,853	)		(21,870	)		(336	)
Proceeds from sale of property, plant and equipment		1,207			1,171			18
Proceeds from sale of EcoEnergy division, net of related expenses		4,372			—			—
Purchase of investments		(813,439	)		(782,475	)		(12,018	)
Proceeds from sale of investments		729,755			830,448			12,755
Impact of investment hedging activities, net		(226	)		—			—
Payment for business acquisitions including deposit in escrow, net of cash acquired		(33,608	)		(6,652	)		(102	)
Interest received		17,069			14,347			220
Dividend received		311			609			9
Cash used in investing activities before taxes		(115,412	)		35,578			546
Income taxes paid on sale of EcoEnergy division		(871	)		—			—
Net cash used in investing activities		(116,283	)		35,578			546
Cash flows from financing activities:
Proceeds from issuance of equity shares		*			24			*
Repayment of loans and borrowings		(112,803	)		(155,254	)		(2,384	)
Proceeds from loans and borrowings		125,922			144,271			2,216
Payment for deferred/contingent consideration in respect of business combinations		(138	)		(164	)		(3	)
Payment for buy back of shares including transaction cost		(25,000	)		(110,312	)		(1,694	)
Interest paid on loans and borrowings		(1,999	)		(3,123	)		(48	)
Payment of cash dividend (including dividend tax thereon)		(8,734	)		(5,420	)		(83	)
Net cash generated from financing activities		(22,752	)		(129,978	)		(1,996	)
Net (decrease)/increase in cash and cash equivalents during the period		(46,262	)		(10,167	)		(156	)
Effect of exchange rate changes on cash and cash equivalents		(1,412	)		375			6
Cash and cash equivalents at the beginning of the period		98,392			50,718			779
Cash and cash equivalents at the end of the period (Note 9)		50,718			40,926			629

* Value is less than ₹ 1 million

Refer note 11 for supplementary information on cash flow statement

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 Preniji	N Yaghul	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 Dalai	M Sanaulla Khan
Partner	Chief Financial Officer	Company Secretary
Membership No. 60408
Bangalore
April 25, 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 and controlled trust (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 April 25, 2018.

Amounts for the three months and year ended March 31, 2017 were audited by B S R & Co. LLP.

2. Basis of preparation

(i) Statement of compliance

These interim condensed consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IAS) 34, “Interim Financial Reporting” 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

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 these financial statements 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 functional currency of the Company. Solely for the convenience of the readers, the interim condensed consolidated financial statements as of and for the three months and year ended March 31, 2018, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = ₹ 65.11, as published by the Federal Reserve Board of Governors on March 31, 2018. 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 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 with infinite useful life 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.

Non current assets and disposal groups held for sale

Assets of disposal groups that is available for immediate sale and where the sale is highly probable of being completed within one year from the date of classification are considered and classified as assets held for sale. Non current assets and disposal groups held for sale are measured at the lower of carrying amount and fair value less costs to sell.

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 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 effect on adoption of IAS 7 on the consolidated financial statements is insignificant.

10

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, 2017, 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 transition: the full retrospective approach, under which the standard will be applied retrospectively to each reported period presented, or the cumulative catch up approach, where the cumulative effect of applying the standard retrospectively is recognized at the date of initial application. The standard is effective for annual periods beginning on or after January 1, 2018. Early adoption is permitted. The Company will adopt this standard using the cumulative catch up transition method effective April 1, 2018 and accordingly, the comparative for year ended March 31, 2017 and 2018, will not be retrospectively adjusted. The adoption of the new standard is expected to result in a reduction of approximately ₹ 2,239 million in opening retained earnings, primarily relating to certain contract costs because these will not meet the criteria for recognition as contract fulfillment asset.

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 effect on adoption of IFRIC 22 on the consolidated financial statements is insignificant.

IFRS 16 - Leases

On January 13, 2016, the International Accounting Standards Board issued 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 does not plan to early adopt IFRS 16 and is currently assessing the impact of adopting IFRS 16 on the Company’s consolidated financial statements.

IFRIC 23 – Uncertainty over Income Tax treatments

On June 7, 2017, the International Accounting Standards Board issued IFRIC 23 which clarifies the accounting for uncertainties in income taxes. The interpretation is to be applied to the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is uncertainty over income tax treatments under IAS 12. It outlines the following: (1) the entity has to use judgement, to determine whether each tax treatment should be considered separately or whether some can be considered together. The decision should be based on the approach which provides better predictions of the resolution of the uncertainty (2) entity has to consider the probability of the relevant taxation authority accepting the tax treatment and the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates would depend upon the probability. The effective date for adoption of IFRIC 23 for annual periods beginning on or after January 1, 2019, though early adoption is permitted. The Company does not plan to early adopt IFRIC 23 and is currently assessing the impact of adopting IFRIC 23 on the Company’s consolidated financial statements.

11

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		(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
Gross carrying value:
As at April 1, 2017	₹	3,814		₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Translation adjustment		28			265			904			188			2			1,387
Additions/ adjustments		2			1,197			11,767			1,776			1,003			15,745
Acquisition through business combinations		—			13			4			11			1			29
Disposals/ adjustments		—			(190	)		(7,302	)		(872	)		(294	)		(8,658	)
Assets reclassified as held for sale		(207	)		(3,721	)		(27,118	)		(1,079	)		(5	)		(32,130	)
As at March 31, 2018		3,637			25,145			87,222			15,772			1,139			132,915
Accumulated depreciation/ impairment:
As at April 1, 2017		—		₹	6,361		₹	77,005		₹	11,968		₹	365		₹	95,699
Translation adjustment		—			49			509			104			—			662
Depreciation		—			1,023			14,078			1,381			387			16,869
Disposals/ adjustments		—			(70	)		(6,640	)		(758	)		(242	)		(7,710	)
Assets reclassified as held for sale					(1,539	)		(19,627	)		(712	)		(4	)		(21,882	)
As at March 31, 2018		—			5,824			65,325			11,983			506			83,638
Capital work-in-progress																₹	15,680
Capital work-in-progress reclassified as held for sale																	(514	)
Net carrying value including Capital work-in-progress as at March 31, 2018																₹	64,443

* Including computer equipment and software.

5. Goodwill and intangible assets    

The movement in goodwill balance is given below:

	Year ended March 31,
	2017			2018
Balance at the beginning of the year	₹	101,991		₹	125,796
Translation adjustment		(4,319	)		2,970
Acquisition through business combination		28,124			1,172
Assets reclassified as held for sale		—			(12,354	)
Balance at the end of the year	₹	125,796		₹	117,584

12

The movement in intangible assets is given below:    

	Intangible assets
	Customer related			Marketing related			Total
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 amortization/ impairment:
As at April 1, 2016	₹	4,164		₹	942		₹	5,106
Translation adjustment		(7	)		(68	)		(75	)
Amortization and impairment *		5,107			747			5,854
As at March 31, 2017		9,264			1,621			10,885
Net carrying value as at March 31, 2017		11,264			4,658			15,922
Gross carrying value:
As at April 1, 2017	₹	20,528		₹	6,279		₹	26,807
Translation adjustment		493			103			596
Acquisition through business combinations		5,565			169			5,734
As at March 31, 2018		26,586			6,551			33,137
Accumulated amortization / impairment:
As at April 1, 2017	₹	9,264		₹	1,621		₹	10,885
Translation adjustment		14			11			25
Amortization and impairment *		2,985			1,129			4,114
As at March 31, 2018		12,263			2,761			15,024
Net carrying value as at March 31, 2018		14,323			3,790			18,113

* Includes impairment charge on certain intangible assets recognized on acquisitions, amount to ₹ 3,056 and ₹ 643 for the year ended March 31, 2017 and 2018 respectively.

Amortization expense and impairment charge on intangible assets is included in selling and marketing expenses in the interim condensed consolidated financial statements.

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. 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.

13

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

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

Other Business Combinations:

During the year ended March 31, 2018, 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 Latin American 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 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

During the year ended March 31, 2018, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition. The pro-forma information has not been provided as the amounts are not material.

7. Investments    

Investments consist of the followings:

	As at
	March 31, 2017		March 31, 2018
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds *	₹	104,675	₹	46,438
Others		569		—
Financial instruments at FVTOCI
Equity instruments		5,303		5,685
Commercial paper, Certificate of deposits and bonds		145,614		176,234
Financial instruments at amortized cost
Inter corporate and term deposits **		42,972		28,405
	₹	299,133	₹	256,762
Current		292,030		249,094
Non-current		7,103		7,668

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

** These deposits earn a fixed rate of interest.

** Term deposits include deposits in lien with banks amounting to ₹ 453 (March 31, 2017: ₹ 308).

Investment in equity accounted investee

During the year, 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 March 31, 2018 was ₹ 630.

During the year, the Company has invested ₹ 576 for 33.3% stake in Denim Group LLC, a private entity that is not listed on any public exchange. The carrying value of the investment as at March 31, 2018 was ₹ 576.

14

8. Inventories    

Inventories consist of the following:    

	As at
	March 31, 2017		March 31, 2018
Stores and spare parts	₹	808	₹	769
Raw materials and components		1		—
Traded goods		3,106		2,601
	₹	3,915	₹	3,370

9. Cash and cash equivalents    

Cash and cash equivalents as of March 31, 2017 and 2018 consists of cash and balances on deposit with banks.

Cash and cash equivalents consists of the following:    

	As at
	March 31, 2017		March 31, 2018
Cash and bank balances	₹	27,808	₹	23,300
Demand deposits with banks *		24,902		21,625
	₹	52,710	₹	44,925

* 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
	March 31, 2017			March 31, 2018
Cash and cash equivalents	₹	52,710		₹	44,925
Bank overdrafts		(1,992	)		(3,999	)
	₹	50,718		₹	40,926

10. Other assets    

	As at
	March 31, 2017		March 31, 2018
Current
Prepaid expenses and deposits	₹	13,486	₹	15,704
Due from officers and employees		2,349		1,872
Finance lease receivables		1,854		2,271
Advance to suppliers		1,448		1,819
Deferred contract costs		4,270		3,211
Balance with excise, customs and other authorities		2,153		3,886
Others		5,191		3,214
Less: Assets reclassified as held for sale		—		(1,381	)
	₹	30,751	₹	30,596
Non-current
Prepaid expenses including rentals for leasehold land and deposits	₹	10,516	₹	8,799
Finance lease receivables		2,674		2,739
Others		3,603		4,718
Less: Assets reclassified as held for sale		—		(530	)
	₹	16,793	₹	15,726
Total	₹	47,544	₹	46,322

15

11. Loans and borrowings    

A summary of loans and borrowings is as follows:    

	As at
	March 31, 2017		March 31, 2018
Borrowings from banks	₹	120,911	₹	119,689
Bank overdrafts		1,992		3,999
External commercial borrowings		9,728		9,777
Obligations under finance leases		8,280		5,442
Loans from institutions other than bank		1,501		821
Less: Liabilities directly associated with assets held for sale		—		(1,469	)
	₹	142,412	₹	138,259
Current		122,801		92,991
Non-current		19,611		45,268

Changes in financing liabilities arising from cash and non-cash changes:

Particulars	1-Apr-17		Cash Flows			Non-Cash Changes				Less: Liabilities directly associated with assets held for sale			31-Mar-18
						Assets taken oil lease		Foreign Exchange Movements
Borrowings from banks		120,911		(6,661	)		—		5,439		—			119,689
Bank overdrafts		1,992		2,007			—		—		—			3,999
External commercial borrowings		9,728		—			—		49		—			9,777
Obligations under finance leases		8,280		(3,627	)		766		23		(1,469	)		3,973
Loans from other than bank		1,501		(695	)		—		15		—			821
Total		142,412		(8,976	)		766		5,526		(1,469	)		138,259

12. Other liabilities and provisions    

	As at
	March 31, 2017		March 31, 2018
Other liabilities:
Current:
Statutory and other liabilities	₹	3,353	₹	4,263
Employee benefits obligations		5,912		8,537
Advance from customers		2,394		1,901
Others		1,368		2,189
Less: Liabilities directly associated with assets held for sale		—		(277	)
	₹	13,027	₹	16,613
Non-current:
Employee benefits obligations	₹	4,235	₹	1,791
Others		1,265		2,447
Less: Liabilities directly associated with assets held for sale		—		(8	)
	₹	5,500	₹	4,230
Total	₹	18,527	₹	20,843
	As at
	March 31, 2017		March 31, 2018
Provisions:
Current:
Provision for warranty	₹	436	₹	290
Others		834		506
	₹	1,270	₹	796
Non-current:
Provision for warranty	₹	4	₹	3
	₹	4	₹	3
	₹	1,274	₹	799

16

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 indirect tax related contingencies and litigations. The timing of cash outflows in respect of such provision cannot be reasonably determined.

13. Financial Instruments

Derivative assets and liabilities:

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

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

			(in million)
	As at March 31,
	2017		2018
Designated derivatives instruments
Sell : Forward contracts	USD	886	USD	904
	€	228	€	134
	£	280	£	147
	AUD	129	AUD	77
Range forward options contracts	USD	130	USD	182
	£	—	£	13
	€	—	€	10
Interest rate swaps	USD	—	USD	75
Non-designated derivatives instruments
Sell : Forward contracts	USD	889	USD	939
	€	83	€	58
	£	82	£	95
	AUD	51	AUD	77
	SGD	3	SGD	6
	ZAR	262	ZAR	132
	CAD	41	CAD	14
	SAR	49	SAR	62
	AED	69	AED	8
	PLN	31	PLN	36
	CHF	—	CHF	6
	QAR	—	QAR	11
	TRY	—	TRY	10
	MXN	—	MXN	61
	NOK	—	NOK	34
	OMR	—	OMR	3
Range forward options contracts	USD	—	USD	50
	£	—	£	20
Buy : Forward contracts	USD	750	USD	575
	JPY	—	JPY	399
	DKK	—	DKK	9

17

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 March 31,
	2017			2018
Balance as at the beginning of the year	₹	2,367		₹	7,325
Deferred cancellation gain/ (loss), net		74			(6	)
Changes in fair value of effective portion of derivatives		12,391			(12	)
Net (gain)/loss reclassified to statement of income on occurrence of hedged transactions		(7,507	)		(7,450	)
Gain/(loss) on cash flow hedging derivatives, net	₹	4,958		₹	(7,468)
Balance as at the end of the year	₹	7,325		₹	(143)
Deferred tax thereon		(1,419	)		29
Balance as at the end of the year, net of deferred tax	₹	5,906		₹	(114)

As at March 31, 2017 and 2018, 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, 2018 and 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 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 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).

18

Particular	As at March 31, 2017											As at March 31, 2018
	Total			Fair value measurements at reporting date								Total			Fair value measurements at reporting date
				Level 1		Level 2			Level 3						Level 1		Level 2			Level 3
Assets
Derivative instruments:
Cash flow hedges		7,307			—		7,307			—			1,139			—		1,139			—
Others		2,546			—		2,120			426			134			—		134			—
Investments:
Investment in liquid and short-term mutual funds		104,675			104,675		—			—			46,438			46,438		—			—
Other investments		569			—		569			—			—			—		—			—
Investment in equity instruments		5,303			—		—			5,303			5,685			—		—			5,685
Commercial paper, Certificate of deposits and bonds		145,614			—		145,614			—			176,234			1,951		174,283			—
Liabilities
Derivative instruments:
Cash flow hedges		(55	)		—		(55	)		—			(1,276	)		—		(1,276	)		—
Others		(2,655	)		—		(2,655	)		—			(941	)		—		(941	)		—
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 March 31, 2018, 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 reporting date.

Details of assets and liabilities considered under Level 3 classification

	Investment in equity instruments			Derivative Assets - others			Liabilities - Contingent consideration
Balance as at April 1, 2016	₹	4,907		₹	558		₹	(2,251	)
Additions		620			—			—
Payouts		—			—			138
Gain/loss recognized in statement of income		—			(132	)		1,546
Gain/loss recognized in foreign currency translation reserve		(41	)		—			198
Gain/loss recognized in other comprehensive income		(183	)		—			—
Finance expense recognized in statement of income		—			—			30
Balance as at March 31, 2017	₹	5,303		₹	426		₹	(339	)
Balance as at April 1, 2017	₹	5,303		₹	426		₹	(339	)
Additions		1,851			—			—
Payouts		—			—			164
Transferred to investment in equity accounted investee		(357	)		—			—
Gain/loss recognized in statement of income		—			(426	)		167
Gain/loss recognized in foreign currency translation reserve		53			—			(32	)
Gain/loss recognized in other comprehensive income		(1,165	)		—			—
Finance expense recognized in statement of income		—			—			40
Balance as at March 31, 2018	₹	5,685		₹	—		₹	—

19

15. Foreign currency translation reserve

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

	As at
	March 31, 2017			March 31, 2018
Balance at the beginning of the year	₹	16,116		₹	13,107
Translation difference related to foreign operations, net		(3,285	)		3,560
Change in effective portion of hedges of net investment in foreign operations		276			(49	)
Total change during the year		(3,009	)		3,511
Balance at the end of the year	₹	13,107		₹	16,618

16. Income Taxes

Income tax expenses/ (credit) has been allotted as follows:

	Three months ended March 31,					Year ended March 31,
	2017		2018			2017		2018
Income tax expense as per the statement of income	₹	6,742	₹	4,615		₹	25,213	₹	22,390
Income tax included in Other comprehensive income on:
Unrealized gains/ (losses) on investment securities		68		(479	)		594		(644	)
Gains/(losses) on cash flow hedging derivatives		665		(409	)		962		(1,448	)
Defined benefit plan actuarial gains/(losses)		17		11			43		255
	₹ 7,492		₹ 3,738			₹ 26,812		₹ 20,553

Income tax expenses consists of the following:

	Three months ended March 31,						Year ended March 31,
	2017			2018			2017			2018
Current taxes
Domestic	₹	6,359		₹	3,617		₹	21,089		₹	18,500
Foreign		1,937			3,006			5,412			7,834
		8,296			6,623			26,501			26,334
Deferred taxes
Domestic		(228	)		(407	)		(63	)		3
Foreign		(1,326	)		(1,601	)		(1,225	)		(3,947	)
		(1,554	)		(2,008	)		(1,288	)		(3,944	)
	₹	6,742		₹	4,615		₹	25,213		₹	22,390

Income tax expense is net of reversal of provisions/ (provision recorded) pertaining to earlier periods, which are no longer required, amounting to ₹ (336) and ₹ (531) for the three months ended March 31, 2017 and 2018 respectively and ₹ 593 and ₹ 380 for the year ended March 31, 2017 and 2018.

17. Revenues

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Rendering of services	₹	132,403	₹	132,746	₹	522,061	₹	524,543
Sale of products		7,472		4,940		28,341		20,328
Total revenues	₹	139,875	₹	137,686	₹	550,402	₹	544,871

20

18. Expenses by nature    

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Employee compensation (refer note 22)	₹	68,747	₹	69,760	₹	268,081	₹	272,223
Sub-contracting/technical fees		21,244		21,144		82,747		84,437
Cost of hardware and software		7,101		4,670		27,216		18,985
Travel		4,492		4,078		20,147		17,399
Facility expenses		4,798		5,700		19,297		21,044
Depreciation, amortization and impairment		8,181		5,702		23,107		21,124
Communication		1,402		1,353		5,370		5,353
Legal and professional fees		1,319		1,246		4,957		4,690
Rates, taxes and insurance		578		658		2,261		2,400
Marketing and brand building		764		746		2,936		3,140
Provision for doubtful debts and deferred contract cost *		89		2,437		2,427		6,565
Miscellaneous expenses		1,159		1,364		5,836		4,705
Total cost of revenues, selling and marketing and general and administrative expenses	₹	119,874	₹	118,858	₹	464,382	₹	462,065

* Consequent to insolvency of two of our customers, the Company has recognized provision of ₹ 4,612 for impairment of receivables and deferred contract cost. ₹ 416 and ₹ 4,196 of these provision have been included in cost of revenue and General and administrative expenses respectively for the year ended March 31, 2018.

19. Finance expense     

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Interest expense	₹	697	₹	1,075	₹	2,675	₹	3,451
Exchange fluctuation on foreign currency borrowings, net		473		489		3,267		2,379
	₹ 1,170		₹ 1,564		₹ 5,942		₹ 5,830

20. Finance and other income    

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Interest income	₹	4,305	₹	4,095	₹	18,066	₹	17,806
Dividend income		116		148		311		609
Net gain from investments classified as FVTPL		1,309		538		3,822		5,410
Net gain from investments classified as FVTOCI		23		22		220		174
	₹ 5,753		₹ 4,803		₹ 22,419		₹ 23,999

21. Earnings per equity share

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

Basic: Basic earnings per share is calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the period, excluding equity shares purchased by the Company and held as treasury shares. Earnings per share and number of share outstanding for the three months and year ended March 31, 2017 and 2018, 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 March 31,				Year ended March 31,
	2017		2018		2017		2018
Profit attributable to equity holders of the Company	₹	22,611	₹	18,028	₹	84,895	₹	80,081
Weighted average number of equity shares outstanding		4,835,568,066		4,503,353,231		4,857,081,010		4,750,043,400
Basic earnings per share	₹	4.68	₹	4.00	₹	17.48	₹	16.86

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.

21

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Profit attributable to equity holders of the Company	₹	22,611	₹	18,028	₹	84,895	₹	80,081
Weighted average number of equity shares outstanding		4,835,568,066		4,503,353,231		4,857,081,010		4,750,043,400
Effect of dilutive equivalent share options		14,126,144		8,552,810		14,266,128		8,318,575
Weighted average number of equity shares for diluted earnings per share		4,849,694,210		4,511,906,041		4,871,347,138		4,758,361,975
Diluted earnings per share	₹	4.66	₹	4.00	₹	17.43	₹	16.83

22. Employee benefits    

a) Employee costs include:    

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Salaries and bonus	₹	66,370	₹	67,076	₹	259,270	₹	263,064
Employee benefit plans
Gratuity and other defined benefit plans		297		559		1,095		1,399
Contribution to provident and other funds		1,610		1,667		5,974		6,413
Share based compensation		470		458		1,742		1,347
	₹ 68,747		₹ 69,760		₹ 268,081		₹ 272,223

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

	Three months ended March 31,				Year ended March 31,
	2017		2018		2017		2018
Cost of revenues	₹	58,642	₹	58,583	₹	226,595	₹	228,936
Selling and marketing expenses		6,014		7,228		26,051		28,070
General and administrative expenses		4,091		3,949		15,435		15,217
	₹ 68,747		₹ 69,760		₹ 268,081		₹ 272,223

The Company has granted 58,000 and 3,514,800 options under RSU option plan during the three months and year ended March 31, 2018 respectively (Nil and 2,319,000 for the three months and year ended March 31, 2017); 65,000 and 2,783,400 options under ADS option plan during the three months and year ended March 31, 2018 respectively (Nil and 2,191,500 for three months and year ended March 31, 2017).

The Company has also granted Nil and 1,097,600 Performance based stock options (RSU) during the three months and year ended March 31, 2018 respectively (Nil and 79,000 for the three months and year ended March 31, 2017); Nil and 1,113,600 Performance based stock options (ADS) during the three months and year ended March 31, 2018 respectively (Nil and 188,000 for three months and year ended March 31, 2017).

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 March 31, 2018, the Company had committed to spend approximately ₹12,238 and ₹ 13,091 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 March 31, 2018, 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 ₹ 21,546 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

22

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 has filed the appeal before DRP.

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.

Income tax demands against the Company amounting to ₹ 89,623 and ₹ 101,440 are not acknowledged as debt as at March 31, 2017 and 2018, respectively. These matters are pending before various Appellate Authorities and the management expects its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company’s financial position and results of operations.

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounts to ₹ 7,242 and ₹ 7,745 as of March 31, 2017 and March 31, 2018. 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 (₹ 9,124) 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.

23

Information on reportable segment for the year ended March 31, 2018 is as follows:    

	IT Services														IT Products		Reconciling Items			Entity total
	BFSI		HLS		CBU		ENU		MNT		COMM		Total
Revenue		148,062		74,177		83,762		68,427		120,272		33,710		528,410		17,998		(49	)		546,359
Segment Result		24,626		9,620		13,060		8,060		21,742		3,158		80,266		362		319			80,947
Unallocated														3,347		—		—			3,347
Segment Result Total														83,613		362		319			84,294
Finance expense																					(5,830	)
Finance and other income																					23,999
Share of profit/ (loss) of equity accounted investee																					11
Profit before tax																					102,474
Income tax expense																					(22,390	)
Profit for the year																					80,084
Depreciation and amortization																					21,124

Information on reportable segment for the year ended March 31, 2017 is as follows:    

	IT Services															IT Products			Reconciling Items			Entity total
	BFSI		HLS		CBU		ENU		MNT		COMM		Total
Revenue		135,967		82,242		83,417		68,883		119,175		38,756		528,440			25,922			(183	)		554,179
Other operating income		—		—		—		—		—		—		4,082			—			—			4,082
Segment Result		24,939		9,479		14,493		14,421		23,453		6,149		92,934			(1,680	)		(506	)		90,748
Unallocated														(951	)		—			—			(951	)
Segment Result Total														96,065			(1,680	)		(506	)		93,879
Finance expense																							(5,942	)
Finance and other income																							22,419
Profit before tax																							110,356
Income tax expense																							(25,213	)
Profit for the year																							85,143
Depreciation and amortization																							23,107

Information on reportable segment for the three months ended March 31, 2018 is as follows:    

	IT Services															IT Products		Reconciling Items			Entity total
	BFSI		HLS		CBU		ENU		MNT		COMM			Total
Revenue		39,013		18,575		21,029		16,768		30,870		7,864			134,119		4,169		(45	)		138,243
Segment Result		6,298		1,824		3,013		2,286		5,475		(753	)		18,143		48		14			18,205
Unallocated															1,180		—		—			1,180
Segment Result Total															19,323		48		14			19,385
Finance expense																						(1,564	)
Finance and other income																						4,803
Share of profit/ (loss) of equity accounted investee																						(3	)
Profit before tax																						22,621
Income tax expense																						(4,615	)
Profit for the year																						18,006
Depreciation and amortization																						5,702

24

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

	IT Services															IT Products			Reconciling Items			Entity total
	BFSI		HLS			CBU		ENU		MNT		COMM		Total
Revenue		34,911		20,456			21,204		17,515		30,657		9,278		134,021		6,613			(14	)		140,620
Other operating income		—		—			—		—		—		—		4,082		—			—			4,082
Segment Result		5,153		(11	)		3,719		4,097		5,969		1,449		20,376		(428	)		(13	)		19,935
Unallocated															811		—			—			811
Segment Result Total															25,269		(428	)		(13	)		24,828
Finance expense																							(1,170	)
Finance and other income																							5,753
Share of profit/ (loss) of equity accounted investee																							—
Profit before tax																							29,411
Income tax expense																							(6,742	)
Profit for the year																							22,669
Depreciation and amortization																							8,181

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 March 31,				Year ended March 31,
	2017		2018		2017		2018
India		11,000		10,548		46,555		43,099
America		73,888		70,936		290,719		283,515
Europe		34,929		36,808		133,909		138,597
Rest of the world		20,803		19,951		82,996		81,148
		140,620		138,243		554,179		546,359

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 customer individually accounted for more than 10% of the revenues during the three and year ended March 31, 2017 and 2018.

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 and COMM industry vertical for the year ended March 31, 2018 is after considering the impact of provision for impairment of receivables and deferred contract costs (Refer note 18).

g) Net gain from sale of EcoEnergy division amounting to ₹ 4,082 is included as part of IT Services segment result for the year ended March 31, 2017.

25

25. List of subsidiaries and equity accounted investee as of March 31, 2018 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
Wipro Japan KK			Japan
Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings UK Limited			U.K.
	Wipro Information Technology Austria GmbH		Austria
		Wipro Technologies Austria GmbH	Austria
	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		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 Wipro Technologies South Africa (Proprietary) Limited		Ghana South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine LLC Wipro Information Technology Netherlands BV.		Ukraine Netherlands
		Wipro Portugal S.A.(A)	Portugal

26

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		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 InfoSERVER S.A. Wipro do Brasil Technologia Ltda (A)	Peru Brazil 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
Wipro IT Services Bangladesh Limited			Bangladesh

* All the above direct subsidiaries are 100% held by the Company except that the Company holds 66.67% of the equity securities of Wipro Arabia Co. Limited and 74% of the equity securities of Wipro Airport IT Services Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. 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, Wipro do Brasil Technologia Ltda , 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 Technologies Gmbh		Germany
	New Logic Technologies SARL		France
Wipro do Brasil Technologia Ltda			Brazil
	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

27

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

As of March 31, 2018, the Company held 43.7% interest in Drivestream Inc and 33.3% interest in Demin Group LLC, accounted for using the equity method.

26. Bank balance

Details of balance with bank as of March 31, 2018 are as follows:

Name of Bank	In Current Account		In Deposit Account		Total
Citi Bank		12,144		1,007		13,151
HSBC		4,907		3,323		8,230
Deutsche Bank		—		4,500		4,500
Yes Bank		53		4,216		4,269
ANZ Bank		232		3,845		4,077
HDFC Bank		517		2,150		2,667
Saudi British Bank		100		1,651		1,751
Wells Fargo Bank		1,400		—		1,400
Standard Chartered Bank		706		—		706
ICICI Bank		12		602		614
Silicon Valley Bank		331		—		331
IOB		—		292		292
Unicredit Bank Austria AG		192		—		192
Bank of Montreal		192		—		192
BNP Paribas		156		—		156
Kreissparkasse		135		—		135
RABO Bank		66		—		66
State Bank of India		65		—		65
Bradesco S.A		56		3		59
Funds in Transit		1,134		—		1,134
Other		902		36		938
Total		23,300		21,625		44,925

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.

28

28. Assets held for sale

During the quarter ended March 31, 2018, the Company has signed a definitive agreement to divest its hosted data center services business to Ensono holdings, LLC and its affiliates (Ensono Group). The sale is expected to conclude during the quarter ended June 30, 2018.

Further on April 5, 2018, the Company has reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited.

These disposal groups do not constitute a major component of the Company and hence are not classified as discontinued operations.

The assets and liabilities associated with these transactions are classified as assets held for sale and liabilities directly associated with assets held for sale amounting to ₹ 27,201 and ₹ 6,212 respectively.

The accompanying notes form an integral part of these 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

April 25, 2018

29

EX-99.5

Exhibit 99.5

WIPRO LIMITED

CIN: L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore - 560035, India

Website: www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844 0054

STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2018 UNDER IFRS (IASB)

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

Particulars		Three months ended								Year ended
		March 31, 2018			December 31, 2017			March 31, 2017		March 31, 2018		March 31, 2017
1	Income from operations
	a) Net Sales/income		137,686			136,690			139,875		544,871		550,402
	b) Other operating income		—			—			4,082		—		4,082
	c)Foreign exchange gains/(losses), net		557			125			745		1,488		3,777
	Total income from operations		138,243			136,815			144,702		546,359		558,261
2	Expenses
	a) Purchase of stock-in-trade		5,306			3,883			5,381		18,434		25,560
	b) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		(639	)		719			1,646		505		1,411
	c) Employee benefit expense		69,760			67,409			68,747		272,223		268,081
	d) Depreciation,amortisation and impairment		5,702			5,279			8,181		21,124		23,107
	e) Sub contracting/technical fees		21,144			21,543			21,244		84,437		82,747
	f)  Other expenses		17,585			18,207			14,675		65,342		63,476
	Total expenses		118,858			117,040			119,874		462,065		464,382
3	Finance expenses		1,564			1,230			1,170		5,830		5,942
4	Finance and Other Income		4,803			6,159			5,753		23,999		22,419
5	Share of profits/(loss) of equity accounted investees		(3	)		10			—		11		—
6	Profit before tax [1-2-3+4+5]		22,621			24,714			29,411		102,474		110,356
7	Tax expense		4,615			5,355			6,742		22,390		25,213
8	Net profit for the period [6-7]		18,006			19,359			22,669		80,084		85,143
9	Non Controlling Interest		(22	)		(12	)		58		3		248
10	Net profit after taxes and Non Controlling Interest [8-9]		18,028			19,371			22,611		80,081		84,895
11	Paid up equity share capital (Face value ₹ 2 per share)		9,048			9,047			4,861		9,048		4,861
12	Reserves excluding revaluation reserves and Non Controlling Interest as per balance sheet										473,888		515,443
13	EARNINGS PER SHARE (EPS) (Equity shares of par value ₹ 2/- each)
	(EPS for three months ended periods is not annualised)
	Basic (in ₹)		4.00			4.03			4.68		16.86		17.48
	Diluted (in ₹)		4.00			4.03			4.66		16.83		17.43

1

1. The audited consolidated financial results of the Company for the three months and year ended March 31, 2018 have been approved by the Board of Directors of the Company at its meeting held on April 25, 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 previous three months 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 (₹ 9,124) 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 March 31, 2018 are provided in the table below:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC			USA
	Wipro Gallagher Solutions, Inc.		USA
		Opus Capital Markets Consultants LLC	USA
		Wipro Promax Analytics Solutions LLC	USA
	Infocrossing, Inc.		USA
	Wipro Insurance Solutions LLC Wipro Data Centre and Cloud Services, Inc. Wipro IT Services, Inc.		USA USA USA
		HPH Holdings Corp.(A) Appirio, Inc. (A)	USA USA
		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 UK Limited			U.K.
	Wipro Information Technology Austria GmbH		Austria
		Wipro Technologies Austria GmbH	Austria
	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
				Nigeria
		Wipro Technologies Nigeria Limited
	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 InfoSERVER S.A. Wipro do Brasil Technologia Ltda (A)		Peru Brazil Brazil
	Wipro Technologies SRL			Romania
	PT WT Indonesia			Indonesia
	Wipro (Thailand) Co Limited			Thailand
	Wipro Bahrain Limited WLL			Bahrain

3

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
	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
Wipro IT Services Bangladesh Limited			Bangladesh

* 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. 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. 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, Wipro do Brasil Technologia Ltda , 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 Technologies Gmbh		Germany
	New Logic Technologies SARL		France
Wipro do Brasil Technologia Ltda			Brazil
	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

4

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

As of March 31, 2018, the Company held 43.7% interest in Drivestream Inc and 33.3% interest in Demin Group LLC, 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.

5

Information on reportable segment for the three months ended March 31, 2018, December 31, 2017, March 31, 2017 and Year ended March 31, 2018 and March 31, 2017 is as follows:

Particulars	Three months ended									Year ended
	March 31, 2018			December 31, 2017			March 31, 2017			March 31, 2018			March 31, 2017
	Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		39,013			37,766			34,911			148,062			135,967
HLS		18,575			18,463			20,456			74,177			82,242
CBU		21,029			21,209			21,204			83,762			83,417
ENU		16,768			16,426			17,515			68,427			68,883
MNT		30,870			30,050			30,657			120,272			119,175
COMM		7,864			8,432			9,278			33,710			38,756
Total of IT Services		134,119			132,346			134,021			528,410			528,440
IT Products		4,169			4,498			6,613			17,998			25,922
Reconciling Items		(45	)		(29	)		(14	)		(49	)		(183	)
Total Revenue		138,243			136,815			140,620			546,359			554,179
Other operating Income
IT Services		—			—			4,082			—			4,082
IT Products		—			—			—			—			—
Total Other Operating Income		—			—			4,082			—			4,082
Segment Result
IT Services
BFSI		6,298			6,832			5,153			24,626			24,939
HLS		1,824			2,364			(11	)		9,620			9,479
CBU		3,013			3,869			3,719			13,060			14,493
ENU		2,286			(1,312	)		4,097			8,060			14,421
MNT		5,475			5,692			5,969			21,742			23,453
COMM		(753	)		1,315			1,449			3,158			6,149
Unallocated		1,180			830			811			3,347			(951	)
Other Operating Income		—			—			4,082						4,082
Total of IT Services		19,323			19,590			25,269			83,613			96,065
IT Products		48			195			(428	)		362			(1,680	)
Reconciling Items		14			(10	)		(13	)		319			(506	)
Total		19,385			19,775			24,828			84,294			93,879
Finance Expense		(1,564	)		(1,230	)		(1,170	)		(5,830	)		(5,942	)
Finance and Other Income		4,803			6,159			5,753			23,999			22,419
Share of profit/ (loss) of equity accounted investee		(3	)		10			—			11			—
Profit before tax		22,621			24,714			29,411			102,474			110,356

6

Notes:

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

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

c) For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues amounting to ₹ 557, ₹125 and ₹ 1,488 for the three months March 31, 2018, December 31, 2017 and year ended March 31, 2018, respectively (₹ 745 and ₹ 3,807 for the three months and year ended March 31, 2017, respectively), which is reported as a part of “Other income” 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 COMM industry vertical for three months ended March 31, 2018 and COMM and ENU industry verticals for year ended March 31, 2018 is after considering the impact of provision for impairment of receivables and deferred contract costs (Refer note 8).

g) Net gain from sale of EcoEnergy division amounting to ₹ 4,082 is included as part of IT Services segment result for the year ended March 31, 2017.

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 two of our customers, the Company has recognized provision of ₹ 1,437, ₹ 3,175 and ₹ 4,612 for impairment of receivables and deferred contract cost for the three months ended March 31, 2018, December 31, 2017 and year ended March 31, 2018, respectively.

7

9. Consolidated Balance Sheet

	As of March 31,		As of March 31,
	2017		2018
ASSETS
Goodwill		125,796		117,584
Intangible assets		15,922		18,113
Property, plant and equipment		69,794		64,443
Derivative assets		106		41
Investments		7,103		7,668
Investment in equity accounted investee		—		1,206
Trade receivables		3,998		4,446
Deferred tax assets		3,098		6,908
Non-current tax assets		12,008		18,349
Other non-current assets		16,793		15,726
Total non-current assets		254,618		254,484
Inventories		3,915		3,370
Trade receivables		94,846		100,990
Other current assets		30,751		30,596
Unbilled revenues		45,095		42,486
Investments		292,030		249,094
Current tax assets		9,804		6,262
Derivative assets		9,747		1,232
Cash and cash equivalents		52,710		44,925
		538,898		478,955
Assets held for sale		—		27,201
Total current assets		538,898		506,156
TOTAL ASSETS		793,516		760,640
EQUITY
Share capital		4,861		9,048
Share premium		469		800
Retained earnings		490,930		453,265
Share based payment reserve		3,555		1,772
Other components of equity		20,489		18,051
Equity attributable to the equity holders of the Company		520,304		482,936
Non-controlling interest		2,391		2,410
TOTAL EQUITY		522,695		485,346
LIABILITIES
Long - term loans and borrowings		19,611		45,268
Derivative liabilities		2		7
Deferred tax liabilities		6,614		3,059
Non-current tax liabilities		9,547		9,220
Other non-current liabilities		5,500		4,230
Provisions		4		3
Total non-current liabilities		41,278		61,787
Loans, borrowings and bank overdrafts		122,801		92,991
Trade payables and accrued expenses		65,486		68,129
Unearned revenues		16,150		17,139
Current tax liabilities		8,101		9,417
Derivative liabilities		2,708		2,210
Other current liabilities		13,027		16,613
Provisions		1,270		796
		229,543		207,295
Liabilities directly associated with assets held for sale		—		6,212
Total current liabilities		229,543		213,507
TOTAL LIABILITIES		270,821		275,294
TOTAL EQUITY AND LIABILITIES		793,516		760,640

8

10. Assets held for sale

During the year ended March 31, 2018, the Company has signed a definitive agreement to divest its hosted data center services business to Ensono holdings, LLC and its affiliates (Ensono Group). The sale is expected to conclude during the quarter ended June 30, 2018.

Further on April 5, 2018, the Company has reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited.

These disposal groups do not constitute a major component of the Company and hence are not classified as discontinued operations.

The assets and liabilities associated with these transactions are classified as assets held for sale and liabilities directly associated with assets held for sale amounting to ₹ 27,201 and ₹ 6,212 respectively.

By order of the Board,	For, Wipro Limited
	Azim H Premji
Place: Bangalore	Executive Chairman &
Date: April 25, 2018	Managing Director

9

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter and Year ended March 31, 2018

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 17-18															FY 16-17
		FY			Q4			Q3			Q2			Q1			FY			Q4
Revenue & OM%	IT Services Revenues ($MN)		8,060.2			2,062.0			2,013.0			2,013.5			1,971.7			7,704.5			1,954.6
	Sequential Growth		4.6	%		2.4	%		0.0	%		2.1	%		0.9	%		4.9	%		2.7	%
	Sequential Growth in Constant Currency*		2.9	%		1.1	%		0.9	%		0.3	%		0.3	%		7.0	%		1.7	%
	Operating Margin %		15.8	%^^		14.4	%^		14.8	**		17.3	%		16.8	%		18.0	%		18.3	%
Service Line Mix	Practices
	Analytics		7.0	%		7.0	%		7.0	%		7.1	%		7.1	%		7.1	%		6.9	%
	Application Services		45.4	%		44.8	%		45.3	%		45.5	%		45.8	%		44.7	%		45.7	%
	Business Process Services		12.2	%		12.1	%		12.6	%		12.1	%		12.0	%		13.0	%		12.3	%
	Global Infrastructure Services		28.4	%		28.8	%		28.2	%		28.4	%		28.1	%		28.0	%		28.0	%
	Product Engineering		7.0	%		7.3	%		6.9	%		6.9	%		7.0	%		7.2	%		7.1	%
SBU Mix	Strategic Business Units
	Communications		6.4	%		5.8	%		6.4	%		6.5	%		6.8	%		7.3	%		6.9	%
	Consumer Business Unit		15.8	%		15.6	%		16.0	%		15.9	%		15.8	%		15.8	%		15.8	%
	Energy, Natural Resources and Utilities		12.9	%		12.5	%		12.4	%		13.5	%		13.4	%		13.1	%		13.1	%
	Banking, Financial Services and Insurance		28.1	%		29.2	%		28.5	%		27.6	%		26.7	%		25.7	%		26.0	%
	Healthcare and Lifesciences		14.1	%		13.9	%		14.0	%		13.7	%		14.8	%		15.6	%		15.4	%
	Manufacturing and Technology		22.7	%		23.0	%		22.7	%		22.8	%		22.5	%		22.5	%		22.8	%
Geography Mix	Geography
	Americas		53.4	%		52.7	%		53.1	%		53.6	%		54.5	%		54.7	%		54.9	%
	APAC and Other Emerging Markets		11.1	%		10.9	%		11.0	%		11.4	%		10.9	%		10.8	%		10.8	%
	Europe		25.6	%		27.0	%		25.9	%		25.1	%		24.2	%		24.4	%		24.4	%
	India & Middle East business		9.9	%		9.4	%		10.0	%		9.9	%		10.4	%		10.1	%		9.9	%
Guidance	Guidance ($MN)					2,033-2,073			2,014-2,054			1,962-2,001			1,915-1,955						1,922-1,941
	Guidance restated based on actual currency realized ($MN)					2,060-2,100			1,996-2,036			1,999-2,038			1,927-1,967						1,941-1,960
	IT Services Revenues ($MN)		8,060.2			2,062.0			2,013.0			2,013.5			1,971.7			7,704.5			1,954.6
Customer Relationships	Customer size distribution (TTM)
	> $100M		8			8			9			9			9			9			9
	> $75M		20			20			17			16			18			18			18
	> $50M		39			39			41			39			36			34			34
	> $20M		95			95			90			90			90			91			91
	> $10M		171			171			167			170			163			163			163
	> $5M		277			277			272			270			262			268			268
	> $3M		369			369			364			370			357			354			354
	> $1M		631			631			635			627			624			602			602
Customer Metrics	Revenue from Existing customers %		98.6	%		97.4	%		98.2	%		99.2	%		99.6	%		98.0	%		96.0	%
	Number of new customers		223			58			79			41			45			256			51
	Total Number of active customers		1248			1248			1281			1274			1244			1323			1323
	Customer Concentration
	Top customer		3.1	%		3.5	%		3.1	%		3.1	%		2.9	%		2.7	%		2.9	%
	Top 5		11.1	%		11.9	%		11.3	%		11.0	%		10.3	%		10.0	%		10.0	%
	Top 10		17.8	%		18.4	%		17.8	%		18.0	%		17.5	%		17.1	%		16.9	%

* 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.

** Excluding the one time impact of insolvency of a customer, post balance sheet date, normalized operating margin for the Quarter ended December 31, 2017 was 17.2%

^ Excluding the one time impact of insolvency of a customer & impairment loss booked for one of our acquisitions, normalized operating margin for the Quarter ended March 31,2018 was 16.0%

^^ Excluding the one time impact of insolvency of two of our customers & impairment loss booked for one of our acquisitions, normalized operating margin for the Year ended March 31,2018 was 16.8%

Page 1 of 2

		FY 17-18															FY16-17
		FY			Q4			Q3			Q2			Q1			FY			Q4
Currency Mix	% of Revenue
	USD		58	%		58	%		58	%		58	%		59	%		61	%		60	%
	GBP		10	%		11	%		10	%		10	%		10	%		10	%		10	%
	EUR		9	%		9	%		9	%		9	%		9	%		9	%		9	%
	INR		8	%		8	%		8	%		8	%		8	%		7	%		7	%
	AUD		5	%		5	%		5	%		5	%		4	%		4	%		4	%
	CAD		2	%		2	%		2	%		3	%		3	%		2	%		3	%
	Others		8	%		7	%		8	%		7	%		7	%		7	%		7	%
	Closing Employee Count		163,827			163,827			162,553			163,759			166,790			165,481			165,481
	Utilization (IT Services excl. Infocrossing, BPS, Designit, cellent, HPS, Appirio, Cooper, Infoserver and I&ME)
	Gross Utilization		72.2	%		73.1	%		71.0	%		72.9	%		72.0	%		71.5	%		73.1	%
	Net Utilization (Excluding Support)		81.1	%		82.4	%		80.0	%		81.8	%		80.3	%		80.2	%		81.9	%
	Net Utilization (Excluding Trainees)		82.5	%		83.4	%		81.9	%		82.5	%		82.1	%		82.3	%		84.8	%
	Attrition
	(IT Services excl BPS)
	Voluntary TTM		16.6	%		16.6	%		15.9	%		15.7	%		15.9	%		16.3	%		16.3	%
	Voluntary Quarterly Annualized		16.6	%		17.5	%		16.2	%		16.7	%		16.1	%		16.3	%		14.8	%
	BPS %- Quarterly		12.7	%		11.3	%		12.8	%		13.5	%		12.8	%		11.5	%		11.2	%
	BPS % - Post Training Quarterly		11.2	%		9.8	%		11.1	%		11.9	%		11.4	%		9.3	%		9.0	%
	Sales & Support Staff - IT Services		14,936			15,215			14,881			14,880			14,769			14,466			14,612

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

Service delivery	Revenue from FPP	58.1	%	58.7	%	57.7	%	57.7	%	58.2	%	57.1	%	58.3	%
	Onsite Revenue - % of Services	53.2	%	52.7	%	53.5	%	53.2	%	53.6	%	53.7	%	52.8	%
	Off shore Revenue - % of Services	46.8	%	47.3	%	46.5	%	46.8	%	46.4	%	46.3	%	47.2	%

C. Growth Metrics for the Quarter and Year ended March 31, 2018

	Reported Currency QoQ %			Reported Currency YoY %			Constant Currency QoQ %			Constant Currency YoY %			FY18 Reported YoY%			FY18 Constant Currency YoY%
IT Services		2.4	%		5.5	%		1.1	%		2.5	%		4.6	%		2.9	%
Strategic Business Units
Communications		-6.2	%		-11.1	%		-8.1	%		-14.4	%		-9.3	%		-11.7	%
Consumer Business Unit		-0.1	%		4.1	%		-1.0	%		2.2	%		5.0	%		3.8	%
Energy, Natural Resources and Utilities		3.3	%		0.8	%		1.6	%		-3.1	%		3.6	%		1.6	%
Banking, Financial Services and Insurance		4.7	%		18.3	%		3.0	%		14.5	%		14.1	%		12.0	%
Healthcare and Lifesciences		1.3	%		-4.8	%		0.6	%		-6.3	%		-5.8	%		-6.5	%
Manufacturing and Technology		4.1	%		6.5	%		2.9	%		3.5	%		5.8	%		4.1	%
Geography
Americas		1.7	%		1.2	%		1.6	%		1.0	%		2.2	%		2.0	%
APAC and Other Emerging Markets		1.6	%		6.8	%		-1.2	%		4.2	%		7.1	%		4.7	%
Europe		6.5	%		16.4	%		2.7	%		6.4	%		9.8	%		5.4	%
India & Middle East business		-3.6	%		0.7	%		-2.9	%		-0.2	%		2.4	%		0.2	%
Practices
Analytics		2.9	%		7.0	%		1.7	%		4.2	%		3.1	%		1.5	%
Application Services		1.5	%		3.7	%		-0.3	%		0.0	%		6.2	%		4.3	%
Business Process Services		-1.7	%		3.6	%		-2.5	%		1.8	%		-1.5	%		-2.3	%
Global Infrastructure Services		4.3	%		8.3	%		3.4	%		7.2	%		5.9	%		4.3	%
Product Engineering		8.1	%		7.8	%		7.4	%		0.0	%		2.3	%		-0.1	%

D. Annexure to Datasheet

Segment-wise breakup of Cost of Revenues, S&M and G&A	Q4 FY 17-18 (INR Mn.)
Particulars	IT Services		IT Products		Reconciling Items			Total
Cost of revenues		93,937		3,778		79			97,794
Selling and marketing expenses		11,246		60		(43	)		11,263
General and administrative expenses		9,613		282		(94	)		9,801
Total		114,796		4,120		(58	)		118,858

Page 2 of 2