UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report ofForeign Private Issuer

Pursuant to Rule 13a-16 or15d-16

under the Securities Exchange Act of 1934

For the month of April 2020

Commission File Number 001-16139

Wipro Limited

(Exactname of Registrant as specified in its charter)

NotApplicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

SarjapurRoad

Bangalore, Karnataka 560035, India+91-80-2844-0011

(Address of principal executiveoffices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

We hereby furnish the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter and year ended March 31, 2020. 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 15, 2020, we announced our results of operations for the quarter and year ended March 31, 2020. 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 15, 2020, we held a virtual 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 year ended March 31, 2020 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, 2020 under IFRS. A copy of such financial statements is 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, 2020 under IFRS. A copy of such financial statements is 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, 2020. 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 17, 2020

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation referred by the Company at the Press Conference on April 15, 2020
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

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Results for the Quarter and Year ended March 31, 2020 under IFRS

IT Services Revenues^2&3^ in Constant Currency grew by 3.9% for the year

EPS for the year grew at 11.2% YOY

Bangalore, India and East Brunswick, New Jersey, USA – April 15, 2020 - 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, 2020.

Highlights of the Results

Results for the Yearended March 31, 2020:

•	Gross Revenue was<br>₹610.2 billion ($8.1 billion^1^), an increase of 4.2% YoY
•	IT Services Segment Revenue was at $8,256.2 million, grew at 1.7% YoY
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•	Non-GAAP^2&3^<br>constant currency IT Services Segment Revenue increased by 3.9% YoY
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•	IT Services Operating Margin^4^for the year was at 18.1%, an<br>expansion of 0.2% YoY
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•	Net Income for the year was<br>₹97.2 billion ($1.3 billion^1^), an increase of 8.0% YoY
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•	EPS for the year was ₹16.67<br>($0.22^1^) per share and grew 11.2% YoY
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Results for the Quarter endedMarch 31, 2020:

•	Gross Revenue was<br>₹157.1 billion ($2.1 billion^1^), an increase of 4.7% YoY
•	IT Services Segment Revenue was at $2,073.7 million, a decrease of 1.0% QoQ
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•	Non-GAAP3 constant currency IT Services Segment Revenue increased by<br>0.4%QoQ
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•	IT Services Operating Margin4 for the quarter was at 17.6%, a decrease of 0.8% QoQ
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•	Net Income for the quarter was<br>₹23.3 billion ($308.5 million1), a decrease of 6.3% YoY
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•	EPS for the quarter was ₹4.09<br>($0.051) per share, a decrease of 1.1% YoY
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•	The Board has not recommended any final dividend. The interim dividend of ₹1 declared by the Board at its meeting held on January 14, 2020 shall be considered as the final dividend for the financial year 2019-20. Thus, the total<br>dividend for the financial year 2019-20 remains ₹1 per equity share
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Performance for the quarter & year ended March 31, 2020

Abidali Z. Neemuchwala, CEO and Managing Director said, “In these unprecedented times, I am extremely proud of how the Wipro team has come together and worked 24/7 to ensure the safety and well-being of each other while continuing to serve our clients. **** We hope that all of us stay safe and strong during these tough times. We are confident that our broad portfolio of services and our ability to execute to our commitments makes us well-positioned to gain market share.”

Jatin Dalal, Chief Financial Officer said, “The quarters ahead seem challenging and require a tremendous response on costs. We also anticipate our working capital to increase, but our strong balance sheet provides us the confidence that we will emerge stronger and better. Further, due to the volatility in the external environment, we have decided not to provide a quarterly guidance on revenues.”

1.	For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into<br>United States Dollars at the certified foreign exchange rate of US$1 = ₹75.39, as published by the Federal Reserve Board of Governors on March 31, 2020. However,<br>the realized exchange rate in our IT Services business segment for the quarter ended March 31, 2020 was US$1= ₹73.95.
2.	YoY growth rates for the year ended March 31, 2020 have been computed by adjusting revenues for the year<br>ended March 31, 2019 for the impact of divestments.
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3.	Constant currency revenue for a period is the product of volumes in that period times the average actual<br>exchange rate of the corresponding comparative period.
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4.	IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.<br>
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5.	The estimated impact of COVID-19 on our business is due to service<br>discontinuity caused by inability of our employees to work from home or contract cancellations/ ramp down attributed to the COVID-19 pandemic.
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We estimate that the IT Services Revenues for the quarter ended March 31, 2020 were negatively impacted by COVID-19 by approximately $14 -$16 million^5^(0.7%-0.8% of revenues). Due to the uncertainty around the course of the COVID-19 pandemic, we do not have visibility into the extent to which it will disrupt our operations, and we have decided to not provide revenue guidance for the quarter ending June 30, 2020. We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply side factors.

IT Services

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

•	Wipro has won a multi-year engagement in Mexico with one of the world’s largest Spanish language media<br>companies to redefine their workplace experience. This engagement enables their digital strategy to deliver enhanced user experience and move to a flexible and secure model leveraging<br>VirtuaDesk^™^, Wipro’s digital IP, and security expertise. Wipro will also leverage its deep media expertise and innovation to enable the client in their long-term business objectives.<br>
•	A large US-based healthcare company has awarded Wipro a multi-year<br>contract to transform its contact center operations using Design Thinking, AI Automation & Analytics leveraging Wipro HOLMES^™^ and other digital technologies.
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•	A multinational professional services firm has awarded Wipro a Digital Workspace Services contract under which<br>Wipro will provide IT support and transform the end user experience for its employees globally, leveraging its design-led approach.
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•	Wipro has won a multi-year engagement with a top Australian utility company for modernizing their core<br>back-office platform leveraging SAP S/4 HANA digital core. This program will enable the client to consolidate and streamline their Corporate Finance, Supply Chain & Procurement functions in a single integrated platform.<br>
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Wipro continued to partner with our customers during Covid-19, some examples of how we collaborated are below:

•	Our customer, an American food service, facilities, and uniform services provider caters to over 5000 client<br>locations across the US, majority of which are now inaccessible due to the COVID-19 pandemic. The company’s Chief Growth Officer collaborated with Wipro to map nursing homes in these locations that may be<br>in dire need of help and which could be serviced by the local task teams. We successfully developed a Google Distance Matrix API based solution to map the top 10 service locations that could aid nursing homes in their serviceable regions. Especially<br>for the New York state nursing homes that are more severely affected than most, we could provide same day location mapping results for priority outreach. This solution now has the ability to cover all nursing homes, enabling our customer to take its<br>humanitarian effort nationwide.
•	One of the European governments recently announced multi - billion in loans for corporates to avail during the COVID-19 crisis. Within a span of 3 days, we helped our customer, one of the largest banks in Europe, update and go-live with their loan processing applications to ensure<br>their corporate customers’ businesses stay up and running. These applications can now process interest-free loans in just 15 minutes, and so far, nearly 10,000 of the bank’s corporate customers have benefited immensely.<br>
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•	Amidst the COVID-19 crisis, we helped our customer, a Postal Services<br>company in Middle East, launch a special medicine delivery service as a part of the government’s quick response for citizens.
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•	Even amidst the operational issues posed by the pandemic, we were able to help our client, a clothing retailer in<br>South Africa, successfully go-live with a large Oracle retail implementation. This is an example of a 100% ‘remote’ cutover, and has enabled the client to optimize its operations significantly to<br>serve their customers.

Analyst Recognition

•	Wipro was recognized as the “Star Performer of the year” in Everest Group PEAK Matrix^™^ Service Provider of the Year awards
•	Wipro was positioned as a Leader in Gartner Magic Quadrant for Managed Workplace Services, Europe, David<br>Groombridge, 25 Feb 2020
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•	Wipro was named as a Leader in Gartner Magic Quadrant for Managed Workplace Services, North America, Daniel<br>Barros, 25 Feb 2020
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•	Wipro was positioned as a Leader in IDC MarketScape: Worldwide Business and Industrial IoT Consulting and Systems<br>Integration Services 2020 Vendor Assessment. (Doc #US46120820, March 2020)
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•	Wipro was positioned as a Leader in IDC MarketScape: Worldwide Business and Industrial IoT Engineering and<br>Managed Services 2020 Vendor Assessment. (Doc #US46121220, March 2020)
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Disclaimer: Gartner does not endorse any vendor, productor service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s researchorganization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

IT Products

•	IT Products Segment Revenue for the year was<br>₹11.0 billion ($146.0 million^1^)
•	IT Products Segment Results for the year was a loss of ₹0.28 billion ($3.7 million^1^)
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•	IT Products Segment Revenue for the quarter was<br>₹2.8 billion ($37.0 million^1^)
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•	IT Products Segment Results for the quarter was a profit of ₹0.12 billion ($1.5 million^1^)
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India business from State Run Enterprises (SRE)

•	India SRE Segment Revenue for the year was<br>₹8.4 billion ($111.4 million^1^)
•	India SRE Segment Results for the year was a loss of<br>₹1.8 billion ($24.2 million^1^)
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•	India SRE Segment Revenue for the quarter was<br>₹2.3 billion ($31.1 million^1^)
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•	India SRE Segment Results for the quarter was a loss of ₹0.48 billion ($6.4 million^1^)
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Please refer the table on page 9 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Non-GAAP Financial Measures

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

The table on page 9 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

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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, 2020, prepared under IFRS, along with individual business segment reports, are available in theInvestors 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- https://links.ccwebcast.com/?EventId=Wipro200415

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 175,000 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
Aparna Iyer	Abhishek Kumar Jain	Vipin Nair
Phone: +91-9845540884	Phone: +91-9845791363	Phone: +91-80-3991 6450
iyer.aparna@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,

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unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control.

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)

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WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

	As at March 31, 2019		As at March 31, 2020
					Convenience translationinto US dollar in millionsRefer footnote 1 in page 1
ASSETS
Goodwill		116,980		131,012		1,738
Intangible assets		13,762		16,362		217
Property, plant and equipment		70,601		81,120		1,076
Right-of-use<br>assets		—		16,748		222
Financial assets
Derivative assets		173		—		—
Investments		6,916		9,302		123
Trade receivables		4,373		6,049		80
Other financial assets		5,146		5,881		78
Investments accounted for using the equity method		1,235		1,383		18
Deferred tax assets		5,604		6,005		80
Non-current tax assets		20,603		11,414		151
Other non-current assets		15,872		11,935		158
Total non-current assets	****	261,265	****	297,211	****	3,941
Inventories		3,951		1,865		25
Financial assets
Derivative assets		4,931		3,025		40
Investments		220,716		189,635		2,515
Cash and cash equivalents		158,529		144,499		1,917
Trade receivables		100,489		104,474		1,386
Unbilled receivables		22,880		25,209		334
Other financial assets		14,611		8,614		114
Contract assets		15,038		17,143		227
Current tax assets		7,435		2,882		38
Other current assets		23,086		22,505		299
		571,666		519,851		6,895
Assets held for sale		240		—		—
Total current assets	****	571,906	****	519,851	****	6,895
TOTAL ASSETS	****	833,171	****	817,062	****	10,836
EQUITY
Share capital		12,068		11,427		152
Securities premium reserve		533		1,275		17
Retained earnings		534,700		519,907		6,896
Share-based payment reserve		2,617		1,550		21
Other components of equity		18,198		23,299		309
Equity attributable to the equity holders of the Company	****	568,116	****	557,458	****	7,395
Non-controlling interest		2,637		1,875		25
TOTAL EQUITY	****	570,753	****	559,333	****	7,420
LIABILITIES
Financial liabilities
Long - term loans and borrowings		28,368		4,840		64
Derivative liabilities		—		138
Lease liabilities		—		12,638		168
Other financial liabilities		—		151		2
Deferred tax liabilities		3,417		2,825		37
Non-current tax liabilities		11,023		13,205		175
Other non-current liabilities		5,258		7,537		100
Provisions		2		2		—
Total non-current liabilities	****	48,068	****	41,336	****	546
Financial liabilities
Loans, borrowings and bank overdrafts		71,099		73,202		971
Derivative liabilities		1,310		7,231		96
Trade payables and accrued expenses		88,304		78,129		1,036
Lease liabilities		—		6,560		87
Other financial liabilities		644		899		12
Contract liabilities		24,768		18,775		249
Current tax liabilities		9,541		11,731		156
Other current liabilities		18,046		19,254		255
Provisions		638		612		8
Total current liabilities	****	214,350	****	216,393	****	2,870
TOTAL LIABILITIES	****	262,418	****	257,729	****	3,416
TOTAL EQUITY AND LIABILITIES	****	833,171	****	817,062	****	10,836

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WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

	Three months ended March 31,									Year ended March 31,
	2019			2020			2020			2019			2020			2020
							Conveniencetranslation into USdollar in millionsRefer footnote 1 inpage 1									Conveniencetranslation into USdollar in millionsRefer footnote 1 inpage 1
Revenues		150,063			157,110			2,084			585,845			610,232			8,094
Cost of revenues		(106,942	)		(114,133	)		(1,514	)		(413,033	)		(436,085	)		(5,784	)
Gross profit	****	43,121	****	****	42,977	****	****	570	****	****	172,812	****	****	174,147	****	****	2,310	****
Selling and marketing expenses		(10,994	)		(10,295	)		(137	)		(44,510	)		(42,907	)		(569	)
General and administrative expenses		(6,669	)		(7,681	)		(101	)		(35,951	)		(29,823	)		(396	)
Foreign exchange gains/(losses), net		316			993			13			3,215			3,169			42
Other operating income		1,546			395			5			4,344			1,144			15
Results from operating activities	****	27,320	****	****	26,389	****	****	350	****	****	99,910	****	****	105,730	****	****	1,402	****
Finance expenses		(2,530	)		(1,653	)		(22	)		(7,375	)		(7,328	)		(97	)
Finance and other income		7,228			4,907			65			22,923			24,081			319
Share of net profit /(loss) of associates accounted for using the equity method		(17	)		13			—			(43	)		29			—
Profit before tax	****	32,001	****	****	29,656	****	****	393	****	****	115,415	****	****	122,512	****	****	1,624	****
Income tax expense		(7,064	)		(6,205	)		(82	)		(25,242	)		(24,799	)		(329	)
Profit for the period	****	24,937	****	****	23,451	****	****	311	****	****	90,173	****	****	97,713	****	****	1,295	****
Profit attributable to:
Equity holders of the Company		24,833			23,260			308			90,031			97,218			1,288
Non-controlling interest		104			191			3			142			495			7
Profit for the period	****	24,937	****	****	23,451	****	****	311	****	****	90,173	****	****	97,713	****	****	1,295	****
Earnings per equity share:
Attributable to equity share holders of the Company
Basic		4.13			4.09			0.05			14.99			16.67			0.22
Diluted		4.12			4.07			0.05			14.95			16.62			0.22
Weighted average number of equity shares used in computing earnings per equityshare
Basic		6,008,783,491			5,692,835,298			5,692,835,298			6,007,376,837			5,833,384,018			5,833,384,018
Diluted		6,023,959,306			5,703,378,727			5,703,378,727			6,022,304,367			5,847,823,239			5,847,823,239

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Additional Information:

Particulars	Three months ended									Year ended
	March 31, 2020			December 31,2019			March 31, 2019			March 31, 2020			March 31, 2019
	Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		46,690			46,612			46,043			184,457			175,262
Health BU		20,589			19,799			19,288			78,240			75,081
CBU		25,669			25,443			23,667			97,008			89,313
ENU		19,570			19,553			18,628			76,443			72,830
TECH		19,503			18,584			18,402			75,895			76,591
MFG		12,486			12,450			11,551			48,158			46,496
COMM		8,453			8,565			8,286			33,840			32,680
Total of IT Services	****	152,960	****	****	151,006	****	****	145,865	****	****	594,041	****	****	568,253	****
IT Products		2,792			2,576			2,759			11,010			12,312
ISRE		2,341			1,847			1,787			8,400			8,544
Reconciling Items		10			3			(32	)		(50	)		(49	)
Total Revenue	****	158,103	****	****	155,432	****	****	150,379	****	****	613,401	****	****	589,060	****
Other operating Income
IT Services		395			—			1,546			1,144			4,344
Total Other Operating Income	****	395	****	****	—	****	****	1,546	****	****	1,144	****	****	4,344	****
Segment Result
IT Services
BFSI		8,144			8,246			9,649			34,132			33,831
Health BU		3,049			3,186			1,940			12,027			8,638
CBU		4,546			4,725			4,716			16,729			16,828
ENU		3,766			3,130			2,787			12,176			7,081
TECH		3,906			3,256			3,031			14,312			15,916
MFG		2,336			2,385			2,262			9,252			8,327
COMM		1,330			1,444			985			5,336			4,396
Unallocated		(547	)		1,360			1,161			2,577			3,142
Other Operating Income		395			—			1,546			1,144			4,344
Total of IT Services	****	26,925	****	****	27,732	****	****	28,077	****	****	107,685	****	****	102,503	****
IT Products		116			(140	)		(93	)		(282	)		(1,047	)
ISRE		(481	)		(528	)		(775	)		(1,822	)		(1,829	)
Reconciling Items		(171	)		169			111			149			283
Total	****	26,389	****	****	27,233	****	****	27,320	****	****	105,730	****	****	99,910	****
Finance Expense		(1,653	)		(1,844	)		(2,530	)		(7,328	)		(7,375	)
Finance and Other Income		4,907			5,370			7,228			24,081			22,923
Share of net profit/ (loss) of associates accounted for using the equity method		13			34			(17	)		29			(43	)
Profit before tax	****	29,656	****	****	30,793	****	****	32,001	****	****	122,512	****	****	115,415	****

LOGO

The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE).

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), Health Business Unit (Health BU), Consumer Business Unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). 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.

India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by the Government of India and/ or any Indian State Governments

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

Three Months ended March 31, 2020
IT Services Revenue as per IFRS	$	2,073.7
Effect of Foreign currency exchange movement	$	30.5
Non-GAAP Constant Currency IT Services Revenue based on<br>previous quarter exchange rates	$	2,104.2
Year ended March 31, 2019
IT Services Revenue as per IFRS	$	8,120.3
Effect of divestments	$	(63.3	)
Adjusted IT Services Revenue	$	8,057.1
Year ended March 31, 2020
IT Services Revenue as per IFRS	$	8,256.2
Effect of Foreign currency exchange movement	$	114.0
Non-GAAP Constant Currency IT Services Revenue based on<br>exchange rates of comparable period in previous year	$	8,370.2

EX-99.2

Jatin Dalal Chief Financial Officer Wipro Limited Performance for the Quarter & Year ended March 31, 2020 Exhibit 99.2

*The YoY growth rates have been adjusted for the impact of divestments. The walk for the same is provided in the end 1. QoQ & YoY* growth on Constant Currency basis is 0.4% & 2.6% 2. Reported YoY growth after adjustment of divestments is 0.4% IT Services $ Revenue Mn 1. YoY* growth on Constant Currency basis is 3.9% 2. Reported YoY growth after adjustment of divestments is 2.5% Q4’20 FY’19 to FY’20 Revenue growth – QoQ/ YoY

Gross Revenue in INR Mn Q4’20 FY’19 to FY’20 Revenue growth – QoQ/ YoY

IT Services Operating Margin Q4’20 FY’19 to FY’20 Operating Margin – QoQ/ YoY

Operating Profit (Wipro Ltd.) in INR Mn Q4’20 FY’19 to FY’20 Operating Profit – QoQ/ YoY

Net Income – QoQ/ YoY Note: The Effective Tax Rate for Q4’20 was 20.9% vs 20.0% in Q3’20 and 22.1% in Q4’19. For FY’20, ETR was 20.2% vs 21.9% in FY’19 Net Income in INR Mn Q4’20 FY’19 to FY’20

Earnings per share – QoQ/ YoY Earnings per share in INR Q4’20 FY’19 to FY’20

Cash Flow Metrics- QoQ/ YoY Operating Cash flow in INR Mn Operating Cash Flow is at 60.5% of Net Income Operating Cash Flow is at 103.5% of Net Income Q4’20 FY’19 to FY’20

Cash Flow Metrics – QoQ/ YoY Free Cash flow in INR Mn* * Note on the Non-GAAP measures walk has been provided in the annexure Free Cash Flow is at 80.7% of Net Income Free Cash Flow is at 37.3% of Net Income Q4’20 FY’19 to FY’20

Other highlights EPS grew double digit by 11.2% YoY for the year Added 5 accounts to the >$100mn+ bucket YoY Voluntary Attrition on LTM basis has reduced to 14.7% FPP mix at 63.2% for Q4’20 Offshore mix is at 48.2% for Q4’20 Digital is now at 41.2% of our revenue in Q4’20

Outlook for quarter ending June 30, 2020 Due to the uncertainty around the course of the COVID-19 pandemic, we do not have visibility into the extent to which it will disrupt our operations, and we have decided to not provide revenue guidance for the quarter ending June 30, 2020. We anticipate that we will resume providing revenue guidance when we have increased certainty of both demand and supply side factors.

Thank You

Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of gross cash as of March 31, 2020 Reconciliation of free cash flow for three months and year ended March 31, 2020

Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN): Three Months ended March 31, 2020 IT Services Revenue as per IFRS $2,073.7 Effect of Foreign currency exchange movement $ 30.5 Non-GAAP Constant Currency IT Services Revenue based on $2,104.2 previous quarter exchange rates Three Months ended March 31, 2020 IT Services Revenue as per IFRS $2,073.7 Effect of Foreign currency exchange movement $ 46.9 Non-GAAP Constant Currency IT Services Revenue based on $2,120.6 exchange rates of comparable period in previous year Year ended March 31, 2020 IT Services Revenue as per IFRS $8256.2 Effect of Foreign currency exchange movement $ 114.0 Non-GAAP Constant Currency IT Services Revenue based on $8370.2 exchange rates of comparable period in previous year

Reconciliation of selected GAAP measures to Non-GAAP measures Reconciliation of Non-GAAP Adjusted IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three Months ended March 31, 2019 IT Services Revenue as per IFRS $2,075.5 Effect of divestments $ (9.3) Adjusted IT Services Revenue $2,066.2 Year ended March 31, 2019 IT Services Revenue as per IFRS $8,120.3 Effect of divestments $ (63.3) Adjusted IT Services Revenue $8,057.1

EX-99.3

Exhibit 99.3

Wipro Limited

Extract of auditedfinancial results of Wipro Limited and its subsidiaries for the quarter ended March 31, 2020

Consolidated Audited Financial Results of WiproLimited under IFRS

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

Particulars
Total income from operations (net)	158,498	614,545	151,925
Net Profit / (Loss) before tax, exceptional and extraordinary items	29,656	122,512	32,001
Net Profit / (Loss) before tax but after exceptional and extraordinary items	29,656	122,512	32,001
Net Profit / (Loss) after tax, exceptional and extraordinary items	23,451	97,713	24,937
Total Comprehensive Income after tax	25,175	102,326	25,945
Equity Share Capital	11,427	11,427	12,068
Reserves excluding Revaluation Reserve	546,031	546,031	556,048
Earnings Per Share (after extraordinary items) (of 2/- each)
Basic:	4.09	16.67	4.13
Diluted:	4.07	16.62	4.12

All values are in Indian Rupees.

The audited interim consolidated financial results of the Company for the three months and year ended March 31, 2020, have been approved by the Board of Directors of the Company at its meeting held on April 15, 2020. 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 of Wipro Limited under Ind AS

Particulars
Total income from operations (net)	157,505	611,376	151,609
Net Profit / (Loss) before tax, exceptional and extraordinary items	29,658	122,519	32,003
Net Profit / (Loss) before tax but after exceptional and extraordinary items	29,658	122,519	32,003
Net Profit / (Loss) after tax, exceptional and extraordinary items	23,452	97,718	24,939
Total Comprehensive Income after tax	24,944	101,975	25,979
Equity Share Capital	11,427	11,427	12,068
Reserves excluding Revaluation Reserve	541,790	541,790	552,158
Earnings Per Share (after extraordinary items) (of 2/- each)
Basic:	4.09	16.67	4.13
Diluted:	4.08	16.63	4.12

All values are in Indian Rupees.

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

The audited interim consolidated financial results (under Ind AS) of the Company for the three months and year ended March 31, 2020, have been approved by the Board of Directors of the Company at its meeting held on April 15, 2020. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars
Total income from operations (net)	131,272	504,070	123,958
Net Profit / (Loss) before tax, exceptional and extraordinary items	27,627	110,077	21,828
Net Profit / (Loss) before tax but after exceptional and extraordinary items	27,627	110,077	21,828
Net Profit / (Loss) after tax, exceptional and extraordinary items	21,583	86,807	15,660
Total Comprehensive Income after tax	18,865	82,523	17,286
Equity Share Capital	11,427	11,427	12,068
Reserves excluding Revaluation Reserve	453,110	453,110	481,852
Earnings Per Share (after extraordinary items) (of 2/- each)
Basic:	3.79	14.88	2.61
Diluted:	3.77	14.84	2.60

All values are in Indian Rupees.

The audited interim financial results of the Company for the three months and year ended March 31, 2020, have been approved by the Board of Directors of the Company at its meeting held on April 15, 2020. The statutory auditors have expressed an unmodified audit opinion.

Notes:

1.	The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges<br>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<br>National Stock Exchange website (URL: www.nseindia.com/corporates) and on the Company’s website (URL: www.wipro.com).
	By Order of the Board,
---	---
	For Wipro Ltd.
Place: Bengaluru	Rishad A Premji
Date: April 15, 2020	Chairman

CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bengaluru-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, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

		As at March 31, 2019		As at March 31, 2020
						Convenience translationinto US dollar in millions(unaudited) Refer Note2(iii)
ASSETS
Goodwill	6		116,980		131,012		1,738
Intangible assets	6		13,762		16,362		217
Property, plant and equipment	4		70,601		81,120		1,076
Right-of-use<br>assets	5		—		16,748		222
Financial assets
Derivative assets	17, 18		173		—		—
Investments	8		6,916		9,302		123
Trade receivables			4,373		6,049		80
Other financial assets	11		5,146		5,881		78
Investments accounted for using the equity method			1,235		1,383		18
Deferred tax assets			5,604		6,005		80
Non-current tax assets			20,603		11,414		151
Other non-current assets	12		15,872		11,935		158
Total non-current assets		****	261,265	****	297,211	****	3,941
Inventories	9		3,951		1,865		25
Financial assets
Derivative assets	17, 18		4,931		3,025		40
Investments	8		220,716		189,635		2,515
Cash and cash equivalents	10		158,529		144,499		1,917
Trade receivables			100,489		104,474		1,386
Unbilled receivables			22,880		25,209		334
Other financial assets	11		14,611		8,614		114
Contract assets			15,038		17,143		227
Current tax assets			7,435		2,882		38
Other current assets	12		23,086		22,505		299
			571,666		519,851		6,895
Assets held for sale			240		—		—
Total current assets		****	571,906	****	519,851	****	6,895
TOTAL ASSETS		****	833,171	****	817,062	****	10,836
EQUITY
Share capital			12,068		11,427		152
Securities premium reserve			533		1,275		17
Retained earnings			534,700		519,907		6,896
Share-based payment reserve			2,617		1,550		21
Other components of equity			18,198		23,299		309
Equity attributable to the equity holders of the Company		****	568,116	****	557,458	****	7,395
Non-controlling interest			2,637		1,875		25
TOTAL EQUITY		****	570,753	****	559,333	****	7,420
LIABILITIES
Financial liabilities
Long - term loans and borrowings	13		28,368		4,840		64
Derivative liabilities	17, 18		—		138
Lease liabilities			—		12,638		168
Other financial liabilities	14		—		151		2
Deferred tax liabilities			3,417		2,825		37
Non-current tax liabilities			11,023		13,205		175
Other non-current liabilities	15		5,258		7,537		100
Provisions	16		2		2		—
Total non-current liabilities		****	48,068	****	41,336	****	546
Financial liabilities
Loans, borrowings and bank overdrafts	13		71,099		73,202		971
Derivative liabilities	17, 18		1,310		7,231		96
Trade payables and accrued expenses			88,304		78,129		1,036
Lease liabilities			—		6,560		87
Other financial liabilities	14		644		899		12
Contract liabilities			24,768		18,775		249
Current tax liabilities			9,541		11,731		156
Other current liabilities	15		18,046		19,254		255
Provisions	16		638		612		8
Total current liabilities		****	214,350	****	216,393	****	2,870
TOTAL LIABILITIES		****	262,418	****	257,729	****	3,416
TOTAL EQUITY AND LIABILITIES		****	833,171	****	817,062	****	10,836

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	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants	Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018			& Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

		Three months ended March 31,									Year ended March 31,
	Notes	2019			2020			2020			2019			2020			2020
								Conveniencetranslation into US<br>dollar in millions<br>(unaudited) Refer<br>Note 2(iii)									Convenience<br>translation into US<br>dollar in millions<br>(unaudited) Refer<br>Note 2(iii)
Revenues	21		150,063			157,110			2,084			585,845			610,232			8,094
Cost of revenues	22		(106,942	)		(114,133	)		(1,514	)		(413,033	)		(436,085	)		(5,784	)
Gross profit		****	43,121	****	****	42,977	****	****	570	****	****	172,812	****	****	174,147	****	****	2,310	****
Selling and marketing expenses	22		(10,994	)		(10,295	)		(137	)		(44,510	)		(42,907	)		(569	)
General and administrative expenses	22		(6,669	)		(7,681	)		(101	)		(35,951	)		(29,823	)		(396	)
Foreign exchange gains/(losses), net	25		316			993			13			3,215			3,169			42
Other operating income	28		1,546			395			5			4,344			1,144			15
Results from operating activities		****	27,320	****	****	26,389	****	****	350	****	****	99,910	****	****	105,730	****	****	1,402	****
Finance expenses	23		(2,530	)		(1,653	)		(22	)		(7,375	)		(7,328	)		(97	)
Finance and other income	24		7,228			4,907			65			22,923			24,081			319
Share of net profit /(loss) of associates accounted for using the equity method			(17	)		13			—			(43	)		29			—
Profit before tax		****	32,001	****	****	29,656	****	****	393	****	****	115,415	****	****	122,512	****	****	1,624	****
Income tax expense	20		(7,064	)		(6,205	)		(82	)		(25,242	)		(24,799	)		(329	)
Profit for the period		****	24,937	****	****	23,451	****	****	311	****	****	90,173	****	****	97,713	****	****	1,295	****
Profit attributable to:
Equity holders of the Company			24,833			23,260			308			90,031			97,218			1,288
Non-controlling interest			104			191			3			142			495			7
Profit for the period		****	24,937	****	****	23,451	****	****	311	****	****	90,173	****	****	97,713	****	****	1,295	****
Earnings per equity share:	26
Attributable to equity share holders of the Company
Basic			4.13			4.09			0.05			14.99			16.67			0.22
Diluted			4.12			4.07			0.05			14.95			16.62			0.22
Weighted average number of equity shares used in computing earnings per equityshare
Basic			6,008,783,491			5,692,835,298			5,692,835,298			6,007,376,837			5,833,384,018			5,833,384,018
Diluted			6,023,959,306			5,703,378,727			5,703,378,727			6,022,304,367			5,847,823,239			5,847,823,239

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	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants	Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018			& Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

			Three months ended March 31,									Year ended March 31,
	Notes		2019			2020			2020			2019			2020			2020
									Convenience<br>translation into<br>US dollar in<br>millions(unaudited)<br>Refer Note 2(iii)									Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited)<br>Refer Note 2(iii)
Profit for the period			****	24,937	****	****	23,451	****	****	311	****	****	90,173	****	****	97,713	****	****	1,295	****
Other Comprehensive Income (OCI)
Items that will not be reclassified to profit or loss in subsequent periods
Defined benefit plan actuarial gains/(losses)				43			(696	)		(9	)		235			(1,050	)		(14	)
Net change in fair value of financial instruments through OCI				800			99			1			(464	)		724			10
			****	843	****	****	(597	)	****	(8	)	****	(229	)	****	(326	)	****	(4	)
Items that may be reclassified to profit or loss in subsequent periods
Foreign currency translation differences		19		(1,362	)		4,469			60			2,943			8,447			112
Reclassification of foreign currency translation differences to profit and loss on sale of hosted<br>data center services business				(71	)		—			—			(4,202	)		—			—
Net change in time value of option contracts designated as cash flow hedges				345			(65	)		(1	)		463			(520	)		(7	)
Net change in intrinsic value of option contracts designated as cash flow hedges				495			(662	)		(9	)		811			(1,558	)		(21	)
Net change in fair value of forward contracts designated as cash flow hedges				327			(1,503	)		(20	)		1,255			(2,652	)		(35	)
Net change in fair value of financial instruments through OCI				431			82			1			(18	)		1,222			16
			****	165	****	****	2,321	****	****	31	****	****	1,252	****	****	4,939	****	****	65	****
Total other comprehensive income/ (loss), net of taxes				1,008			1,724			23			1,023			4,613			61
Total comprehensive income for the period			****	25,945	****	****	25,175	****	****	334	****	****	91,196	****	****	102,326	****	****	1,356	****
Total Comprehensive income attributable to:
Equity holders of the Company				25,871			24,880			330			90,945			101,673			1,347
Non-controlling interest				74			295			4			251			653			9
			****	25,945	****	****	25,175	****	****	334	****	****	91,196	****	****	102,326	****	****	1,356	****

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	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants	Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018			& Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

														Other components of equity												Non-<br>controlling<br>interest			Total equity
Particulars	Number of shares*		Share<br>capital,<br>fully paid-<br>up		Securities<br>premium<br>reserve			Retained<br>earnings			Share-<br>based<br>paymentreserve			Foreign<br>currency<br>translation<br>reserve			Cash flow<br>hedging<br>reserve			Other<br>reserves			Equity<br>attributable to<br>the equity<br>holders of the<br>Company
As at April 1, 2018		4,523,784,491		9,048		800			453,265			1,772			16,618			(114	)		1,547		****	482,936	****		2,410		****	485,346	****
Adjustment on adoption of IFRS 15		—		—		—			(2,279	)		—			—			—			—		****	(2,279	)		—		****	(2,279	)
Adjusted balances as at April 1, 2018		4,523,784,491		9,048		800			450,986			1,772			16,618			(114	)		1,547		****	480,657	****		2,410		****	483,067	****
Total comprehensive income for the year
Profit for the year		—		—		—			90,031			—			—			—			—			90,031			142			90,173
Other comprehensive income		—		—		—			—			—			(1,368	)		2,529			(247	)		914			109			1,023
Total comprehensive income for the year	****	—	****	—	****	—	****	****	90,031	****	****	—	****	****	(1,368	)	****	2,529	****	****	(247	)	****	90,945	****	****	251	****	****	91,196	****
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		1,681,717		4		528			—			(528	)		—			—			—		****	4	****		—		****	4	****
Issue of shares by controlled trust on exercise of options		—		—		—			565			(565	)		—			—			—		****	—	****		—		****	—	****
Cash dividend paid (including dividend tax thereon)		—		—		—			(5,434	)		—			—			—			—		****	(5,434	)		—		****	(5,434	)
Bonus issue of equity shares **		1,508,469,180		3,016		(795	)		(1,454	)		—			—			—			(767	)	****	—	****		—		****	—	****
Loss of control in subsidiary		—		—		—			—			—			—			—			—		****	—	****		(52	)	****	(52	)
Infusion of capital		—		—		—			—			—			—			—			—		****	—	****		28		****	28	****
Compensation cost related to employee share based payment		—		—		—			6			1,938			—			—			—		****	1,944	****		—		****	1,944	****
Total transactions with owners of the Company	****	1,510,150,897	****	3,020	****	(267	)	****	(6,317	)	****	845	****	****	—	****	****	—	****	****	(767	)	****	(3,486	)	****	(24	)	****	(3,510	)
As at March 31, 2019	****	6,033,935,388	****	12,068	****	533	****	****	534,700	****	****	2,617	****	****	15,250	****	****	2,415	****	****	533	****	****	568,116	****	****	2,637	****	****	570,753	****

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

															Other components of equity
Particulars	Number of shares*			Sharecapital,fully paid-<br>up			Securitiespremiumreserve		Retainedearnings			Share-basedpaymentreserve			Foreigncurrencytranslationreserve		Cash flowhedgingreserve			Otherreserves		Equityattributable tothe equityholders of theCompany			Non-<br>controllinginterest			Total equity
As at April 1, 2019	****	6,033,935,388	****	****	12,068	****	****	533	****	534,700	****	****	2,617	****	****	15,250	****	2,415	****	****	533	****	568,116	****	****	2,637	****	****	570,753	****
Adjustment on adoption of IFRS 16 (net of tax)		—			—			—		(872	)		—			—		—			—	****	(872	)		—		****	(872	)
Adjusted balances as at April 1, 2019		6,033,935,388			12,068			533		533,828			2,617			15,250		2,415			533	****	567,244	****		2,637		****	569,881	****
Total comprehensive income for the year
Profit for the year		—			—			—		97,218			—			—		—			—		97,218			495			97,713
Other comprehensive income		—			—					—			—			8,289		(4,730	)		896		4,455			158			4,613
Total comprehensive income for the year	****	—	****	****	—	****	****	—	****	97,218	****	****	—	****	****	8,289	****	(4,730	)	****	896	****	101,673	****	****	653	****	****	102,326	****
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		2,498,925			5			742					(742	)								****	5	****				****	5	****
Buyback of equity shares		(323,076,923	)		(646	)				(105,000	)										646	****	(105,000	)				****	(105,000	)
Transaction cost related to buyback										(311	)											****	(311	)				****	(311	)
Issue of shares by controlled trust on exercise of options										1,026			(1,026	)								****	—	****				****	—	****
Compensation cost related to employee share based payment										9			1,262									****	1,271	****				****	1,271	****
Effect of modification of ADS RSUs from equity settled to cash settled										—			(561	)								****	(561	)				****	(561	)
Cash dividend paid (including dividend tax thereon)										(6,863	)											****	(6,863	)				****	(6,863	)
Cash dividend paid to Non-controlling interest										—												****	—	****		(1,415	)	****	(1,415	)
Total transactions with owners of the Company	****	(320,577,998	)	****	(641	)	****	742	****	(111,139	)	****	(1,067	)	****	—	****	—	****	****	646	****	(111,459	)	****	(1,415	)	****	(112,874	)
As at March 31, 2020	****	5,713,357,390	****	****	11,427	****	****	1,275	****	519,907	****	****	1,550	****	****	23,539	****	(2,315	)	****	2,075	****	557,458	****	****	1,875	****	****	559,333	****
Convenience translation into US dollar in millions (unaudited) Refer Note2(iii)				****	152	****	****	17	****	6,896	****	****	21	****	****	312	****	(31	)	****	28	****	7,395	****	****	25	****	****	7,420	****
*	Includes 27,353,853 and 22,746,081 treasury shares held as at March 31, 2019 and 2020, respectively by a<br>controlled trust. 2,599,183 and 4,607,772 shares have been transferred by the controlled trust to eligible employees on exercise of options during the year ended March 31, 2019 and March 31, 2020.
---	---

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	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants	Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018			& Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

	Year ended March 31,
	2019			2020			2020
							Convenience translation<br>into US dollar in<br>millions (unaudited)<br>Refer Note 2(iii)
Cash flows from operating activities:
Profit for the year		90,173			97,713			1,296
Adjustments to reconcile profit for the year to net cash generated from operatingactivities:
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net		(309	)		(11	)		—
Depreciation, amortization and impairment		19,474			20,862			277
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings		(546	)		6,376			85
Share based compensation expense		1,938			1,262			17
Share of net (profit)/ loss of associates accounted for using equity method		43			(29	)		—
Income tax expense		25,242			24,799			329
Dividend, gain from investments and interest (income)/expenses, net		(17,371	)		(18,945	)		(251	)
Gain from sale of business and loss of control in subsidiary, net		(4,344	)		(1,144	)		(15	)
Changes in operating assets and liabilities, net of effects from acquisitions
Trade receivables		1,392			(3,327	)		(44	)
Unbilled receivables and contract assets		4,580			(3,561	)		(47	)
Inventories		(566	)		2,085			28
Other assets		(6,909	)		(80	)		(1	)
Trade payables, accrued expenses, other liabilities and provisions		20,844			(12,401	)		(164	)
Contract liabilities		7,824			(6,572	)		(87	)
Cash generated from operating activities before taxes		141,465			107,027			1,423
Income taxes paid, net		(25,149	)		(6,384	)		(85	)
Net cash generated from operating activities	****	116,316	****	****	100,643	****	****	1,338	****
Cash flows from investing activities:
Purchase of property, plant and equipment		(22,781	)		(23,497	)		(312	)
Proceeds from sale of property, plant and equipment		1,940			1,270			17
Purchase of investments		(930,614	)		(1,178,247	)		(15,629	)
Proceeds from sale of investments		954,954			1,212,826			16,087
Proceeds from sale of hosted data centre services business and loss of control in subsidiary, net<br>of related expenses and cash		26,103			—			—
Payment for business acquisitions including deposits and escrow, net of cash acquired		—			(10,003	)		(133	)
Proceeds from sale of business		—			7,459			99
Interest received		20,163			23,837			316
Dividend received		361			367			5
Net cash generated in investing activities	****	50,126	****	****	34,012	****	****	450	****
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment		4			14			—
Repayment of loans and borrowings		(104,039	)		(132,380	)		(1,756	)
Proceeds from loans and borrowings		65,161			106,342			1,411
Repayment of lease liabilities		—			(6,784	)		(90	)
Payment for deferred contingent consideration in respect of business combination		(265	)		—			—
Payment for buy back of shares, including transaction cost		—			(105,311	)		(1,397	)
Interest paid		(4,796	)		(4,601	)		(61	)
Payment of cash dividend (including dividend tax thereon)		(5,434	)		(6,863	)		(91	)
Payment of cash dividend to Non-controlling<br>interest		—			(1,415	)		(19	)
Net cash used in financing activities	****	(49,369	)	****	(150,998	)	****	(2,003	)
Net increase in cash and cash equivalents during the year		117,073			(16,343	)		(215	)
Effect of exchange rate changes on cash and cash equivalents		526			1,922			25
Cash and cash equivalents at the beginning of the year		40,926			158,525			2,103
Cash and cash equivalents at the end of the year (Note 10)	****	158,525	****	****	144,104	****	****	1,913	****

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants	Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018			& Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

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 trusts (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, Bengaluru – 560 035, Karnataka, India. Wipro has its primary listing with BSE Ltd. (Bombay Stock Exchange) and National Stock Exchange of India Ltd. 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 onApril 15, 2020.

2. Basis of preparation of interim condensed consolidated financial statements

(i) Statement of compliance and basis of preparation

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, 2019. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with IFRS.

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 except for the adoption of new accounting standards, amendments and interpretations effective as at April 1, 2019.

All amounts included in the interim condensed consolidated financial statements are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise stated. Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages may not precisely reflect the absolute figures.

(ii) 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 which 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<br>or loss;
---	---
c.	The defined benefit asset/ (liability) recognized as the present value of defined benefit obligation less fair<br>value of plan assets; and
---	---
d.	Contingent consideration.
---	---

(iii) Convenience translation (unaudited)

The accompanying interim condensed consolidated financial statements have been prepared and reported in Indian rupees, the functional currency of the Parent Company. Solely for the convenience of the readers, the interim condensed consolidated financial statements as at and for the three months and year ended March 31, 2020, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ 75.39 as published by Federal Reserve Board of Governors on March 31, 2020. 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. Due to rounding off, the translated numbers presented throughout the document may not add up precisely to the totals.

(iv) Use of estimates and judgment

The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the interim condensed consolidated financial statements are included in the following notes:

a)	Revenue recognition: The Company applies judgement to determine whether each product or services<br>promised to a customer are capable of being distinct, and are distinct in the context of the contract, if not, the promised product or services are combined and accounted as a single performance obligation. The Company allocates the arrangement<br>consideration to separately identifiable performance obligation deliverables based on their relative stand-alone selling price. In cases where the Company is unable to determine the stand-alone selling price the company uses expected cost-plus<br>margin approach in estimating the stand-alone selling price. 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<br>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<br>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<br>the term of these contracts, revenue recognized, profit and timing of revenue for remaining performance obligations are subject to revisions as the contract progresses to completion. When estimates indicate that a loss will be incurred, the loss is<br>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<br>from the customer.
b)	Impairment testing: Goodwill and intangible assets with infinite useful life recognized on business<br>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<br>Company assesses acquired intangible assets with finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of the asset or the cash generating units<br>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<br>assumptions which includes turnover, 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<br>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<br>resolved over extended time periods.
---	---
d)	Deferred taxes: Deferred tax is recorded on temporary differences between the tax bases of assets and<br>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<br>in which those temporary differences and tax loss carryforwards 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<br>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 combination: In accounting for business combinations, judgment is required in identifying<br>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<br>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<br>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<br>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<br>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<br>these assumptions. All assumptions are reviewed at each reporting date.
---	---
g)	Expected credit losses on financial assets: The impairment provisions of financial assets and contract<br>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 of<br>collections, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.
---	---

h)	Measurement of fair value of non-marketable equity investments:These instruments are initially recorded at cost and subsequently measured at fair value. Fair value of investments is determined using the market and income approaches. The market approach includes the use of financial metrics and ratios of<br>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<br>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<br>rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available historical and forecast data.
i)	Useful lives of property, plant and equipment: The Company depreciates property, plant and equipment on<br>a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The life<br>is based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least annually.
---	---
j)	Useful lives of intangible assets: The Company amortizes intangible assets on a straight-line basis over<br>estimated useful lives of the assets. The useful life is estimated based on a number of factors including the effects of obsolescence, demand, competition and other economic factors such as the stability of the industry and known technological<br>advances and the level of maintenance expenditures required to obtain the expected future cash flows from the assets. The estimated useful life is reviewed at least annually.
---	---
k)	Leases: IFRS 16 defines a lease term as the non-cancellable<br>period for which the lessee has the right to use an underlying asset including optional periods, when an entity is reasonably certain to exercise an option to extend (or not to terminate) a lease. The Company considers all relevant facts and<br>circumstances that create an economic incentive for the lessee to exercise the option when determining the lease term. The option to extend the lease term are included in the lease term, if it is reasonably certain that the lessee will exercise the<br>option. The Company reassess the option when significant events or changes in circumstances occur that are within the control of the lessee.
---	---
l)	Other estimates: The share-based compensation expense is determined based on the Company’s estimate<br>of equity instruments that will eventually vest. Fair valuation of derivative hedging instruments designated as cash flow hedges involves significant estimates relating to the occurrence of forecast transaction.
---	---

Estimation uncertainty relating to the global health pandemic on COVID-19

In assessing the recoverability of receivables including unbilled receivables, contract assets and contract costs, goodwill, intangible assets, and certain investments, the Company has considered internal and external information up to the date of approval of these interim condensed consolidated financial statements including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these interim condensed consolidated financial statements and the Company will continue to closely monitor any material changes to future economic conditions

3. Significant accounting policies

Please refer to the Company’s Annual report for the year ended March 31, 2019, for a discussion of the Company’s other critical accounting policies except for the adoption of new accounting standards, amendments and interpretations effective as at April 1, 2019.

On April 1, 2019, the Company adopted IFRS 16, Leases. Accordingly, the policy for Leases as presented in the Company’s Annual Report is amended as under:

IFRS 16 – Leases

The Company evaluates each contract or arrangement, whether it qualifies as lease as defined under IFRS 16.

The Company as a lessee

The Company assesses, whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract involves–

(a) the use of an identified asset,

(b) the right to obtain substantially all the economic benefits from use of the identified asset, and

The Company at the inception of the lease contract recognizes a Right-of-Use (RoU) asset at cost and corresponding lease liability, except for leases with term of less than twelve months (short term) and low-value assets.

The cost of the right-of-use assets comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the inception date of the lease plus any initial direct costs, less any lease incentives received. Subsequently, the right-of-use assets is measured at cost less any accumulated depreciation and accumulated impairment losses, if any. The right-of-use assets is depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use assets.

The Company applies IAS 36 to determine whether a RoU asset is impaired and accounts for any identified impairment loss as described in the impairment of non-financial assets included as part of our annual financial statements for the year ended March 31, 2019.

For lease liabilities at inception, the Company measures the lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are discounted using the incremental borrowing rate.

The Company recognizes the amount of the re-measurement of lease liability as an adjustment to the right-of-use assets. Where the carrying amount of the right-of-use assets is reduced to zero and there is a further reduction in the measurement of the lease liability, the Company recognizes any remaining amount of the re-measurement in consolidated statement of income.

For short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the lease term.

Lease payments have been classified as cash used in Financing activities.

The Company as a lessor

Leases for which the Company is a lessor is classified as a finance or operating lease. Contracts in which all the risks and rewards of the lease are substantially transferred to the lessee are classified as a finance lease. All other leases are classified as operating leases.

Leases, for which the Company is an intermediate lessor, it accounts for the head-lease and sub-lease as two separate contracts. The sub-lease is classified as a finance lease or an operating lease by reference to the RoU asset arising from the head-lease.

New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2019:

IFRS 16 - Leases

On April 1, 2019, the Company has adopted IFRS 16, Leases, applied to all lease contracts outstanding as at April 1, 2019 using modified retrospective method by recording the cumulative effect of initial application as an adjustment to opening retained earnings. The Company has made use of the following practical expedient available on transition to IFRS 16, (a) not to reassess whether a contract is or contains a lease, accordingly the definition of lease in accordance with IAS 17 and IFRIC-4 will continue to be applied to those leases entered or modified before April 1, 2019. (b) The Company has applied a single discount rate to a portfolio of leases of similar assets in similar economic environment, consequently, the Company has recorded the lease liability at the present value of remaining lease payments, discounted using the incremental borrowing rate at the date of initial application and the right to use asset at its carrying amount as if the standard had been applied since the commencement date of the lease but discounted using the incremental borrowing rate at the date of initial application (c) excluded the initial direct costs from measurement of the RoU asset (d) Not to recognize RoU assets and lease liabilities for leases with less than twelve months of lease term and low-value assets on the date of initial application.

The weighted average of discount rate applied to lease liabilities as at April 1, 2019 is 5.7%.

On adoption of IFRS 16,

a)	The Company has recognized right-of use assets of ₹ 13,630 and corresponding lease liability ₹15,379.
b)	Net carrying value of assets procured under the finance lease of ₹ 1,243 (gross carrying and accumulated depreciation value₹ 3,420 and ₹ 2,177 respectively) have been reclassified from Property Plant and Equipment to right- of-use assets.
---	---
c)	Obligations under Finance leases<br>₹ 2,002 (non-current and current obligation under finance leases ₹ 496 and ₹ 1,506 respectively) have been reclassified to lease liabilities.
---	---
d)	Prepaid rent on leasehold land and other assets, which were earlier classified under Other assets have been<br>reclassified to right-of-use assets by ₹ 2,222.
---	---

The adoption of the new standard has resulted in a reduction of ₹ 872 in opening retained earnings, net of tax.

The Company recognized during the year in the interim condensed consolidated statement of income, depreciation expense from right-of-use assets ₹ 5,911 and interest expenses on lease liabilities ₹ 914.

Lease payments during the year have been disclosed under financing activities in the Interim Condensed Consolidated Statement of Cash flows.

The comparatives as at and for the year ended March 31, 2019 have not been retrospectively restated.

The adoption of IFRS 16 did not have any material impact on Interim Condensed Consolidated Statement of income and earnings per share.

The difference between the lease obligation disclosed as of March 31, 2019 under IAS 17 (Refer Note 29 of the 2019 Annual Report) and the value of the lease liabilities as of April 1, 2019 is primarily on account of practical expedients exercised for low value assets and short term leases, inclusion of extension and termination options reasonably certain to be exercised, in measuring the lease liability in accordance with IFRS 16 and discounting the lease liabilities to the present value under IFRS 16.

IFRIC 23 – Uncertainty overIncome Tax treatments

The International Accounting Standards Board 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. The adoption of IFRIC 23 did not have any material impact on consolidated financial statements of the Company.

Amendment to IAS 19 - Plan Amendment, Curtailment or Settlement

The International Accounting Standard Board has issued amendments to IAS 19, ‘Employee Benefits’, in connection with accounting for plan amendments, curtailments and settlements requiring an entity to determine the current service costs and the net interest for the period after the remeasurement using the assumptions used for the remeasurement; and determine the net interest for the remaining period based on the remeasured net defined benefit liability or asset. The adoption of amendment to IAS 19 did not have any material impact on consolidated financial statements of the Company.

Amendment to IAS 12 – Income Taxes

The International Accounting Standard Board had issued amendments to IAS 12 – Income Taxes. The amendments clarify that an entity shall recognize the income tax consequences of dividends on financial instruments classified as equity should be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits were recognized. The adoption of amendment to IAS 12 did not have any impact on consolidated financial statements of the Company.

New accounting standards not yet adopted:

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2019 and have not been applied in preparing these interim condensed consolidated financial statements. New standards, amendments to standards and interpretations that could have potential impact on the consolidated financial statements of the Company are:

Amendment to IFRS 3 - Business combination

On October 22, 2018, the International Accounting Standard Board has issued amendments to IFRS 3, ‘Business Combinations’, in connection with clarification of business definition, which help in determining whether an acquisition made is of a business or a group of assets. The amendment added a test that makes it easier to conclude that a Company has acquired a group of assets, rather than a business, if the value of the assets acquired is substantially all concentrated in a single asset or group of similar assets. These amendments are effective for annual reporting periods beginning on or after January 1, 2020, with early application permitted. The adoption of amendment to IFRS 3 is not expected to have any impact on the consolidated financial statements of the Company.

4. Property, plant and equipment

	Land			Buildings			Plant andmachinery *			Furniturefixtures and<br>equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2018	₹	3,637		₹	25,145		₹	87,222		₹	15,772		₹	1,139		₹	132,915
Translation adjustment		(5	)		(8	)		613			—			(6	)		594
Additions		65			2,684			10,402			1,951			4			15,106
Disposals		—			(331	)		(5,871	)		(1,218	)		(189	)		(7,609	)
As at March 31, 2019	₹	3,697	****	₹	27,490	****	₹	92,366	****	₹	16,505	****	₹	948	****	₹	141,006	****
Accumulated depreciation/ impairment:			****
As at April 1, 2018		—			5,824			65,325			11,983			506		₹	83,638
Translation adjustment		—			8			332			(6	)		(3	)		331
Depreciation and impairment**		—			1,034			12,298			1,363			304			14,999
Disposals		—			(151	)		(4,767	)		(747	)		(125	)		(5,790	)
As at March 31, 2019	₹	—	****	₹	6,715	****	₹	73,188	****	₹	12,593	****	₹	682	****	₹	93,178	****
Capital<br>work-in-progress																₹	22,773
Net carrying value including Capital work-in-progress as at March 31, 2019															****	₹	70,601	****
Gross carrying value:
As at April 1, 2019	₹	3,697		₹	27,490		₹	92,366		₹	16,505		₹	948		₹	141,006
Reclassified on adoption of IFRS 16		—			—			(3,420	)		—			—			(3,420	)
Adjusted balance as at April 1, 2019	****	3,697	****	****	27,490	****	****	88,946	****	****	16,505	****	****	948	****	****	137,586	****
Translation adjustment		9			84			1,437			129			(5	)		1,654
Additions		55			9,130			13,571			3,487			11			26,254
Additions through Business combinations		—			5			417			7			—			429
Disposals		—			(199	)		(3,676	)		(258	)		(146	)		(4,279	)
As at March 31, 2020	₹	3,761	****	₹	36,510	****	₹	100,695	****	₹	19,870	****	₹	808	****	₹	161,644	****
Accumulated depreciation:
As at April 1, 2019		—		₹	6,715		₹	73,188		₹	12,593		₹	682		₹	93,178
Reclassified on adoption of IFRS 16		—			—			(2,177	)		—			—			(2,177	)
Adjusted balance as at April 1, 2019	****	—	****	****	6,715	****	****	71,011	****	****	12,593	****	****	682	****	****	91,001	****
Translation adjustment		—			32			1,066			91			(2	)		1,187
Depreciation		—			1,319			8,628			1,556			175			11,678
Disposals		—			(118	)		(2,649	)		(99	)		(128	)		(2,994	)
As at March 31, 2020	₹	—	****	₹	7,948	****	₹	78,056	****	₹	14,141	****	₹	727	****	₹	100,872	****
Capital<br>work-in-progress																₹	20,348
Net carrying value including Capital work-in-progress as at March 31, 2020															****	₹	81,120	****
*	Includes computer equipment and software.
---	---
**	Includes impairment charge on software platform recognized on acquisitions, amounting to ₹ Nil and ₹ 1,480 for the year ended March 31, 2020 and 2019 respectively,<br>forming part of Cost of revenues in the condensed consolidated statement of income.
---	---

5. Right-of-use assets

	Land		Buildings			Plant andmachinery *			Vehicles			Total
Gross carrying value:
As at April 1, 2019 **	₹	2,003	₹	11,501		₹	2,941		₹	649		₹	17,094
Additions		—		3,520			1,210			219			4,949
Additions through Business combinations		—		364			—			—			364
Disposals		—		(41	)		(47	)		(59	)		(147	)
Translation adjustment		—		280			132			17			429
As at March 31, 2020	₹	2,003	₹	15,624	****	₹	4,236	****	₹	826	****	₹	22,689	****
Accumulated depreciation:
Depreciation		27		3,884			1,731			269			5,911
Disposals		—		(18	)		(47	)		(10	)		(75	)
Translation adjustment		—		62			37			6		₹	105
As at March 31, 2020	₹	27	₹	3,928	****	₹	1,721	****	₹	265	****	₹	5,941	****
Net carrying value as at March 31, 2020												₹	16,748	****
*	Includes computer equipment.
---	---
**	Includes net carrying value of property, plant and equipment reclassified on adoption of IFRS 16.<br>
---	---

6. Goodwill and intangible assets

The movement in goodwill balance is given below:

	For the year ended
	March 31, 2019			March 31, 2020
Balance at the beginning of the year	₹	117,584		₹	116,980
Translation adjustment		4,529			9,199
Acquisition through business combination, net (Refer Note 7)		—			4,833
Disposal *		(4,893	)		—
Assets reclassified as held for sale		(240	)		—
Balance at the end of the year	₹	116,980	****	₹	131,012
*	Refer Note 28
---	---

The movement in intangible assets is given below:

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2018	₹	26,586		₹	6,551		₹	33,137
Translation adjustment		555			217			772
Disposal		(217	)		(823	)		(1,040	)
As at March 31, 2019	₹	26,924	****	₹	5,945	****	₹	32,869	****
Accumulated amortization/ impairment:
As at April 1, 2018	₹	12,263		₹	2,761		₹	15,024
Translation adjustment		35			64			99
Amortization and impairment *		3,148			1,136			4,284
Disposal **		(101	)		(199	)		(300	)
As at March 31, 2019	₹	15,345	****	₹	3,762	****	₹	19,107	****
Net carrying value as at March 31, 2019	₹	11,579	****	₹	2,183	****	₹	13,762	****
Gross carrying value:
As at April 1, 2019	₹	26,924		₹	5,945		₹	32,869
Translation adjustment		1,031			382			1,413
Acquisition through business combinations (Refer Note 7)		4,535			371			4,906
As at March 31, 2020	₹	32,490	****	₹	6,698	****	₹	39,188	****
Accumulated amortization:
As at April 1, 2019	₹	15,345		₹	3,762		₹	19,107
Translation adjustment		220			226			446
Amortization		2,333			940			3,273
As at March 31, 2020	₹	17,898	****	₹	4,928	****	₹	22,826	****
Net carrying value as at March 31, 2020	₹	14,592	****	₹	1,770	****	₹	16,362	****
*	Includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ 838 for the year ended March 31, 2019.
---	---
**	Refer Note 28
---	---

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

7.	Business combinations:

During the year ended March 31, 2020, the Company has completed three business combinations (which individually are not material) for a total consideration of ₹ 10,433. These include (a) taking over customer contracts, leased facilities, assets and employees of Vara Infotech Private Limited, (b) acquisition of International TechneGroup Incorporated, a global digital engineering and manufacturing solutions Company and (c) acquisition of Rational Interaction, Inc, a digital customer experience management Company. The following table presents the provisional purchase price allocation:

Description	Purchase price<br>allocated
Net assets	₹	907
Customer related intangibles		4,535
Marketing related intangibles		371
Deferred tax liabilities on intangible assets		(213	)
Total	₹	5,600	****
Goodwill		4,833
Total purchase price	₹	10,433	****

Net assets acquired include ₹ 317 of cash and cash equivalents.

The goodwill of ₹ 4,833 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is partially deductible for income tax purpose in India and USA.

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

8. Investments

Investments consist of the followings:

	As at
	March 31, 2019		March 31, 2020
Non-current
Financial instruments at FVTOCI
Equity instruments	₹	6,916	₹	9,297
Financial instruments at amortized cost
Inter corporate and term deposits *		—		5
	₹	6,916	₹	9,302
Current
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds	₹	13,960	₹	14,795
Financial instruments at FVTOCI
Commercial paper, Certificate of deposits and Bonds		185,048		155,587
Financial instruments at amortized cost
Inter corporate and term deposits *		21,708		19,253
	₹	220,716	₹	189,635
	₹	227,632	₹	198,937
*	These deposits earn a fixed rate of interest. Term deposits include deposits in lien with banks amounting to ₹ 801 (March 31, 2019: ₹ 463).
---	---

9. Inventories

Inventories consist of the following:

	As at
	March 31, 2019		March 31, 2020
Stores and spare parts	₹	677	₹	613
Finished and traded goods		3,274		1,252
	₹	3,951	₹	1,865
10.	Cash and cash equivalents:
---	---

Cash and cash equivalents as at March 31, 2019 and March 31, 2020, consists of cash and balance in deposits with banks. Cash and cash equivalents consist of the following:

	As at
	March 31, 2019		March 31, 2020
Cash and bank balances	₹	41,966	₹	34,087
Demand deposits with banks *		116,563		110,412
	₹	158,529	₹	144,499
*	These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the<br>principal.
---	---

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

	Year ended March 31,
	2019			2020
Cash and cash equivalents	₹	158,529		₹	144,499
Bank overdrafts		(4	)		(395	)
	₹	158,525	****	₹	144,104	****

11. Other financial assets

	As at
	March 31, 2019		March 31, 2020
Non-current
Security deposits	₹	1,436	₹	1,581
Interest receivables		1,139		1,139
Finance lease receivables		1,794		2,359
Other deposits		777		802
	₹	5,146	₹	5,881
Current
Security deposits	₹	1,050	₹	1,127
Due from officers and employees		738		1,040
Finance lease receivables		1,618		2,811
Interest receivables		1,789		2,581
Other deposits		33		5
Others		9,383		1,050
	₹	14,611	₹	8,614
	₹	19,757	₹	14,495

12. Other assets

	As at
	March 31, 2019		March 31, 2020
Non-current
Prepaid expenses	₹	6,323	₹	4,535
Costs to obtain contract		4,212		4,030
Costs to fulfil contract		—		305
Others		5,337		3,065
	₹	15,872	₹	11,935
Current
Prepaid expenses	₹	12,148	₹	9,876
Due from officers and employees		871		310
Advance to suppliers		3,247		3,121
Balance with GST and other authorities		5,543		7,805
Costs to obtain contract		1,170		1,258
Others		107		135
	₹	23,086	₹	22,505
	₹	38,958	₹	34,440

13. Loans and borrowings

	As at
	March 31, 2019		March 31, 2020
Borrowings from banks	₹	96,979	₹	77,058
Bank overdrafts		4		395
Obligations under finance leases (Refer Note 3)		2,002		—
Loans from institutions other than bank		482		589
	₹	99,467	₹	78,042
Non-current		28,368		4,840
Current		71,099		73,202

14. Other financial liabilities

	As at
	March 31, 2019		March 31, 2020
Non-current
Cash Settled ADS RSUs (Refer Note 27)	₹	—	₹	146
Deposits and others		—		5
	₹	—	₹	151
Current
Cash Settled ADS RSUs (Refer Note 27)	₹	—	₹	350
Deposits and others		644		549
	₹	644	₹	899
	₹	644	₹	1,050

15. Other liabilities

	As at
	March 31, 2019		March 31, 2020
Non-current
Employee benefits obligations	₹	2,083	₹	3,767
Others		3,175		3,770
	₹	5,258	₹	7,537
Current
Statutory and other liabilities	₹	5,430	₹	4,919
Employee benefits obligations		10,065		12,356
Advance from customers		1,361		1,464
Others		1,190		515
	₹	18,046	₹	19,254
	₹	23,304	₹	26,791

16. Provisions

	As at
	March 31, 2019		March 31, 2020
Non-current
Provision for warranty	₹	2	₹	2
	₹	2	₹	2
Current
Provision for warranty	₹	275	₹	317
Others		363		295
	₹	638	₹	612
	₹	640	₹	614

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.

17.	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 millions)
	As at
	March 31, 2019					March 31, 2020
	Notional		Fair value			Notional		Fair value
Designated derivatives instruments
Sell: Forward contracts	USD	333	₹	1,410		USD	1,011	₹	(2,902	)
	€	—		—		€	121	₹	231
	£	—		—		£	52	₹	240
	AUD	97	₹	15		AUD	144	₹	741
Range forward options contracts	USD	1,067	₹	1,149		USD	474	₹	(1,057	)
	£	191	₹	68		£	98	₹	(13	)
	€	153	₹	349		€	39	₹	85
	AUD	56	₹	39		AUD	—		—
Interest rate swaps	USD	75	₹	(11	)	USD	—		—
Non-designated derivatives instruments
Sell: Forward contracts	USD	1,182	₹	1,359		USD	1,314	₹	(3,116	)
	€	32	₹	55		€	59	₹	34
	£	1	₹	(1	)	£	81	₹	112
	AUD	82	₹	28		AUD	56	₹	115
	SGD	11	₹	1		SGD	7	₹	8
	ZAR	56	₹	14		ZAR	17	₹	1
	CAD	56	₹	40		CAD	51	₹	153
	SAR	123	₹	(1	)	SAR	60	₹	(1	)
	AED	9			^	AED	—		—
	PLN	38	₹	15		PLN	34	₹	13
	CHF	10			^	CHF	7	₹	4
	QAR	3	₹	(1	)	QAR	19	₹	(8	)
	TRY	28	₹	12		TRY	30	₹	31
	NOK	29	₹	4		NOK	19	₹	16
	OMR	1	₹	(1	)	OMR	2	₹	1
	SEK	35	₹	5		SEK	13	₹	4
	MYR	—		—		MYR	20	₹	1
	JPY	—		—		JPY	325			^
Range forward options contracts	USD	150	₹	161		USD	—		—
	€	31	₹	12		€	—		—
	£	71	₹	57		£	—		—
Buy : Forward contracts	USD	730	₹	(971	)	USD	480	₹	972
	JPY	154			^	JPY	—		—
	MXN	9			^	MXN	11	₹	(9	)
	DKK	75	₹	(13	)	DKK	9			^
			₹	3,794	****			₹	(4,344	)

^ Value is less than ₹ 1.

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

	Year ended March 31,
	2019			2020
Balance as at the beginning of the year	₹	(143	)	₹	3,019
Deferred cancellation gain/(loss), net		6			(201	)
Changes in fair value of effective portion of derivatives		1,069			(2,312	)
Net gain/(loss) reclassified to interim condensed consolidated statement of income on occurrence<br>of hedged transactions		2,087			(3,382	)
Gain/(loss) on cash flow hedging derivatives, net	₹	3,162		₹	(5,895	)
Balance as at the end of the year	****	3,019	****	****	(2,876	)
Deferred tax thereon		(604	)		561
Balance as at the end of the year, net of deferred tax	₹	2,415	****	₹	(2,315	)

As at March 31, 2019 and March 31, 2020, 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.

18. Fair value:

Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances and eligible current and non-current assets, long and short-term loans and borrowings, lease liability, bank overdrafts, trade payable, eligible current liabilities and non-current liabilities.

The fair value of cash and cash equivalents, trade receivables, unbilled receivables, 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 credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated losses on these receivables. As at March 31, 2019 and March 31, 2020, 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 commercial papers, certificate of deposits and bonds 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.

Fairvalue hierarchy

The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:

Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 – Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following table presents fair value of hierarchy of assets and liabilities measured at fair value on a recurring basis:

	As at March 31, 2019										As at March 31, 2020
Particular	Fair value measurements at reporting date										Fair value measurements at reporting date
	Total			Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3
Assets
Derivative instruments:
Cash flow hedges		3,149			—		3,149			—		1,382			—		1,382			—
Others		1,955			—		1,955			—		1,643			—		1,643			—
Investments:
Investment in liquid and short-term mutual funds		13,960			13,960		—			—		14,795			14,795		—			—
Investment in equity instruments		6,916			—		248			6,668		9,297			—		119			9,178
Commercial paper, Certificate of deposits and bonds		185,048			6,865		178,183			—		155,587			12,983		142,604			—
Liabilities
Derivative instruments:
Cash flow hedges		(130	)		—		(130	)		—		(4,057	)		—		(4,057	)		—
Others		(1,180	)		—		(1,180	)		—		(3,312	)		—		(3,312	)		—

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 derivative financial instruments with various counterparties, 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, 2020, 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

	As at
Investment in equity instruments	March 31, 2019			March 31, 2020
Balance at the beginning of the year	₹	5,685		₹	6,668
Additions		2,869			2,124
Transfers out of Level 3		(647	)		—
Disposals		(1,341	)		(1,327	)
Gain/(loss) recognized in foreign currency translation reserve		203			855
Gain/(loss) recognized in other comprehensive income		(101	)		858
Balance at the end of the year	₹	6,668	****	₹	9,178	****

19. Foreign currency translation reserve

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

	Year ended March 31,
	2019			2020
Balance at the beginning of the year	₹	16,618		₹	15,250
Translation difference related to foreign operations, net		3,121			8,289
Reclassification of foreign currency translation differences to profit and loss on sale of hosted<br>data center services business		(4,131	)		—
Reclassification of foreign currency translation differences to profit and loss on workday<br>business		(71	)		—
Change in effective portion of hedges of net investment in foreign operations		(287	)		—
Total change during the year		(1,368	)		8,289
Balance at the end of the year	₹	15,250	****	₹	23,539

20. Income taxes

Income tax expenses has been allocated as follows:

	Three months ended March 31,						Year ended March 31,
	2019			2020			2019			2020
Income tax expense as per the interim condensed consolidated statement of income	₹	7,064		₹	6,205		₹	25,242		₹	24,799
Income tax included in Other comprehensive income on:
Unrealized gains/ (losses) on investment securities		243			45			(65	)		(230	)
Gains/(losses) on cash flow hedging derivatives		294			(594	)		633			(1,165	)
Defined benefit plan actuarial gains/(losses)		(4	)		(135	)		47			(196	)
	₹	7,597	****	₹	5,521	****	₹	25,857	****	₹	23,208	****

Income tax expenses consists of the following:

	Three months ended March 31,					Year ended March 31,
	2019		2020			2019			2020
Current taxes
Domestic	₹	4,308	₹	5,959		₹	17,987		₹	18,437
Foreign		201		377			5,663			5,887
	****	4,509	****	6,336	****	****	23,650	****	****	24,324	****
Deferred taxes
Domestic		676		448			(180	)		1,624
Foreign		1,879		(579	)		1,772			(1,149	)
	****	2,555	****	(131	)	****	1,592	****	****	475	****
	₹	7,064	₹	6,205	****	₹	25,242	****	₹	24,799	****

Income tax expenses are net of (provision recorded) / reversal of provisions pertaining to earlier periods, amounting to ₹ 1,776 and ₹ (519) for the three months ended March 31, 2019 and 2020, and ₹ 1,909 and ₹ 5,997 for the year ended March 31, 2019 and 2020 respectively.

21.Revenues

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Rendering of services	₹	146,238	₹	153,832	₹	571,301	₹	598,550
Sales of products		3,825		3,278		14,544		11,682
	₹	150,063	₹	157,110	₹	585,845	₹	610,232

22. Expenses by nature

	Three months ended March 31,					Year ended March 31,
	2019			2020		2019		2020
Employee compensation	₹	77,387		₹	85,448	₹	299,774		326,571
Sub-contracting/ technical fees		23,934			22,771		94,725		90,521
Cost of hardware and software		3,342			3,110		13,567		11,491
Travel		4,463			4,031		17,768		18,169
Facility expenses		5,838			5,071		22,213		19,733
Depreciation, amortization and impairment*		5,595			5,798		19,474		20,862
Communication		1,097			1,317		4,561		4,812
Legal and professional fees		630			1,256		4,361		4,733
Rates, taxes and insurance		511			1,151		1,621		3,004
Marketing and brand building		744			579		2,714		2,532
Lifetime expected credit loss and provision for deferred contract cost		(274	)		394		980		1,043
Miscellaneous expenses**		1,338			1,183		11,736		5,344
Total cost of revenues, selling and marketing expenses and general and administrativeexpenses	₹	124,605	****	₹	132,109	₹	493,494	₹	508,815
*	Depreciation, amortization and impairment includes impairment on certain software platform and intangible<br>assets recognized on acquisitions, amounting to ₹ 1,480 and ₹ 2,318 for the<br>three months and year ended March 31, 2019 respectively.
---	---
**	Miscellaneous expenses for the year ended March 31, 2019, includes an amount of ₹ 5,141 ($ 75 million) paid to National Grid on settlement of a legal claim against the company.
---	---

23. Finance expense

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Interest expense	₹	2,119	₹	1,168	₹	5,616	₹	5,136
Exchange fluctuation on foreign currency borrowings, net		411		485		1,759		2,192
	₹	2,530	₹	1,653	₹	7,375	₹	7,328

24. Finance and other income

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Interest income	₹	6,557	₹	4,487	₹	20,261	₹	21,764
Dividend income		86		105		361		367
Net gain from investments classified as FVTPL		326		292		1,990		1,275
Net gain from investments classified as FVTOCI		259		23		311		675
	₹	7,228	₹	4,907	₹	22,923	₹	24,081

25. Foreign exchange gains/(lossses), net

	Three months ended March 31,						Year ended March 31,
	2019			2020			2019		2020
Foreign exchange gains/(losses), net on financial instrument measured at FVTPL	₹	1,255		₹	(63	)	₹	1,256	₹	2,144
Other Foreign exchange gains/(losses), net		(939	)		1,056			1,959		1,025
	₹	316	****	₹	993	****	₹	3,215	₹	3,169

26. Earnings per 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.

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Profit attributable to equity holders of the Company	₹	24,833	₹	23,260	₹	90,031	₹	97,218
Weighted average number of equity shares outstanding		6,008,783,491		5,692,835,298		6,007,376,837		5,833,384,018
Basic earnings per share	₹	4.13	₹	4.09	₹	14.99	₹	16.67

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

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

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Profit attributable to equity holders of the Company	₹	24,833	₹	23,260	₹	90,031	₹	97,218
Weighted average number of equity shares outstanding		6,008,783,491		5,692,835,298		6,007,376,837		5,833,384,018
Effect of dilutive equivalent share options		15,175,815		10,543,429		14,927,530		14,439,221
Weighted average number of equity shares for diluted earnings per share		6,023,959,306		5,703,378,727		6,022,304,367		5,847,823,239
Diluted earnings per share	₹	4.12	₹	4.07	₹	14.95	₹	16.62

27. Employee benefits

Employee costs includes

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Salaries and bonus	₹	74,430	₹	82,166	₹	289,005	₹	315,036
Employee benefits plans
Gratuity and other defined benefit plans		482		792		1,423		1,845
Defined contribution plans		1,916		2,127		7,408		8,428
Share based compensation		559		363		1,938		1,262
	₹	77,387	₹	85,448	₹	299,774	₹	326,571

The employee benefit cost is recognized in the following line items in the interim condensed consolidated statement of income:

	Three months ended March 31,				Year ended March 31,
	2019		2020		2019		2020
Cost of revenues	₹	65,455	₹	73,571	₹	251,818	₹	279,356
Selling and marketing expenses		7,760		7,629		30,972		30,763
General and administrative expenses		4,172		4,248		16,984		16,452
	₹	77,387	₹	85,448	₹	299,774	₹	326,571

The Company has granted 244,000 and 3,201,000 options under RSU option plan during the three months and year ended March 31, 2020, respectively (45,000 and 3,040,000 for the three months and year ended March 31, 2019); 106,000 and 2,816,400 options under ADS option plan during the three months and year ended March 31, 2020, respectively (20,000 and 3,176,000 for three months and year ended March 31, 2019).

The Company has also granted 217,000 and 2,461,500 Performance based stock options (RSU) during the three months and year ended March 31, 2020, respectively (Nil and 1,567,000 for the three months and year ended March 31, 2019); 84,000 and 2,524,600 Performance based stock options (ADS) during the three months and year ended March 31, 2020, respectively (Nil and 1,673,000 for three months and year ended March 31, 2019).

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).

Restricted Stock Units arrangement that were modified during the year ended March 31, 2020

Further to the SEBI circular dated October 10, 2019 prohibiting issuance of depository receipts by listed companies to Non-Resident Indians (NRIs), the Board Governance, Nomination and Compensation Committee in November, 2019 approved cash pay out to its NRI employees in lieu of shares and upon exercise of vested American Depository Shares (ADS) Restricted Stock Units under the Company’s ADS RSU Plan 2004, based on prevailing market price of ADS on the date of exercise. This change was accounted for as a modification and the fair value on the date of modification of ₹ 561 is recognized as financial liability with a corresponding adjustment to equity.

28.	Other operating income

Year ended March 31, 2019

Sale of hosteddata center services business: During the year ended March 31, 2019, the Company had concluded the divestment of its hosted data center services business.

The calculation of the gain on sale is shown below:

Particulars
Cash considerations (net of disposal costs 660)	25,432
Less: Carrying amount of net assets disposed (including goodwill of 13,009)	(26,455	)
Add: Reclassification of exchange difference on foreign currency translation	4,131
Gain on sale	3,108	****

All values are in Indian Rupees.

In accordance with the sale agreement, total cash consideration was ₹ 28,124 and the Company paid ₹ 3,766 to subscribe for units issued by the buyer. Units amounting to ₹ 2,032 are callable by the buyer if certain business targets committed by the Company are not met over a period of three years. The fair value of these callable units was estimated to be insignificant as at March 31, 2019. Consequently, the sale consideration accounted of ₹ 24,358 and units amounting to ₹ 1,734 issued by the buyer.

Loss ofcontrol in subsidiary: During the year ended March 31, 2019, the Company had reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited. The loss/ gain on this transaction is insignificant.

Sale of Workday and Cornerstone OnDemand business: During the year ended March 31, 2019, the Company has concluded the Sale of Workday and Cornerstone OnDemand business except in Portugal, France and Sweden.

The calculation of the gain is as shown below:

Particulars
Cash considerations	6,645
Less: Carrying amount of net assets disposed (includes goodwill of 4,893 and intangible assets of 740)	(5,475	)
Add: Reclassification of exchange difference on foreign currency translation	79
Gain on Sale	1,249	****

All values are in Indian Rupees.

Assets pertaining to Portugal, France and Sweden are classified as Assets held for sale ₹ 240 as at March 31, 2019, which was concluded on May 31, 2019. These disposal groups do not constitute a major component of the Company and hence were not classified as discontinued operations.

Year ended March 31, 2020

During the year ended March 31, 2020, the Company concluded the sale of assets pertaining to Workday and Cornerstone OnDemand business in Portugal, France and Sweden. Gain arising from such transaction ₹ 152 has been recognized under Other operating income.

During the year ended March 31, 2020, the Company has partially met the first year and second-year business targets pertaining to sale of data center business concluded during the year ended March 31, 2019. Change in fair value of the callable units pertaining to achievement of the business targets amounting to ₹ 395 and ₹ 992 for the three months and year ended March 31, 2020 respectively, has been recognized under Other operating income.

29.	Commitments and contingencies

Capital commitments: As at March 31, 2019 and March 31, 2020 the Company had committed to spend approximately ₹ 12,443 and ₹ 14,011 respectively, under agreements to purchase/ construct property and equipment. These amounts are net of capital advances paid in respect of these purchases.

Guarantees: As at March 31, 2019 and March 31, 2020, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 18,456 and ₹ 18,655 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 Bengaluru. The same issue was repeated in the successive assessments for the years ended March 31, 2002 to March 31, 2011 and the aggregate demand is ₹ 47,583 (including interest of ₹ 13,832). The appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2008. Further appeals have been filed by the Income tax authorities before the Hon’ble High Court. The Hon’ble High Court has heard and disposed-off majority of the issues in favor of the Company up to years ended March 31, 2004. Department has filed a Special Leave Petition (SLP) before the Supreme Court of India for the year ended March 31, 2001 to March 31, 2004.

On similar issues for years up to March 31, 2000, the Hon’ble High Court of Karnataka has upheld the claim of the Company under section 10A of the Act. For the year ended March 31, 2009, the appeals are pending before Income Tax Appellate Tribunal (ITAT). 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 ITAT.

For year ended March 31, 2013, the Company received the final assessment order in November 2017 with a 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 final assessment order in September 2018 with a demand of ₹ 1,030 (including Nil interest), arising primarily on account of transfer pricing issues. The Company has filed an appeal before the Hon’ble ITAT, Bengaluru within the prescribed timelines.

For year ended March 31, 2015, the Company received the Final assessment order in October 2019 with an estimated demand of ₹ 1,347 (including Nil interest), arising primarily on account of Capitalization of wages. The Company has filed an appeal before the Hon’ble ITAT, Bengaluru within the prescribed timelines.

For year ended March 31, 2016, the Company received the Draft assessment order in December 2019 with an estimated demand of ₹ 704 (including Nil interest), arising primarily on account of Capitalization of wages. The Company has filed the objections before the Dispute Resolution Panel (Bengaluru) within the prescribed timelines.

For year ended March 31, 2007 to year ending March 31, 2012, the company has received tax demand of ₹ 227 (Including ₹ 102 interest) for non-deduction of tax at source on some payments. Company has already deposited the demand under protest. The Company received order issued by Income Tax Appellate Tribunal, Bengaluru rejecting company’s appeal. The Company has filed an appeal against the said order with the Hon’ble High Court of Karnataka within the prescribed timelines. Company is already having a favorable order on this issue from the Hon’ble High Court of Karnataka for earlier year.

Income tax demands against the Company amounting to ₹ 66,441 and ₹ 77,873 are not acknowledged as debt as at March 31, 2019 and March 31, 2020, 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 ₹ 8,477 and ₹ 8,033 as of March 31, 2019 and March 31, 2020. 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.

30. The Hon’ble Supreme Court of India, through a ruling in February 2019, provided interpretation on the components of Salary on which the Company and its employees are to contribute towards Provident Fund under the Employee’s Provident Fund Act. Based on the current evaluation, the Company believes it is not probable that certain components of Salary paid by the Company will be subject to contribution towards Provident Fund due to the Supreme Court order. The Company will continue to monitor and evaluate its position based on future events and developments.

31.	Segment information

The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE).

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), Health Business unit (Health BU), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). 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.

India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by Government of India and/ or any State Governments.

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

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

Information on reportable segment for the three months ended March 31, 2019, is as follows:

	IT Services																IT Products			ISRE			ReconcilingItems			Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue		46,043		19,288		23,667		18,628		18,402		11,551		8,286	****	145,865		2,759			1,787			(32	)		150,379
Other operating income		—		—		—		—		—		—		—	****	1,546		—			—			—			1,546
Segment Result		9,649		1,940		4,716		2,787		3,031		2,262		985	****	25,370		(93	)		(775	)		111			24,613
Unallocated															****	1,161		—			—			—			1,161
Segment Result Total															****	28,077	****	(93	)	****	(775	)	****	111	****	****	27,320	****
Finance expense																											(2,530	)
Finance and other income																											7,228
Share of profit/ (loss) of associates accounted for using the equity method																											(17	)
Profit before tax																										****	32,001	****
Income tax expense																											(7,064	)
Profit for the period																										****	24,937	****
Depreciation, amortization and impairment																											5,595

Information on reportable segment for the three months ended March 31, 2020, is as follows:

	IT Services																	IT Products		ISRE			ReconcilingItems			Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue		46,690		20,589		25,669		19,570		19,503		12,486		8,453	****	152,960	****		2,792		2,341			10			158,103
Other operating income		—		—		—		—		—		—		—	****	395	****		—		—			—			395
Segment Result		8,144		3,049		4,546		3,766		3,906		2,336		1,330	****	27,077	****		116		(481	)		(171	)		26,541
Unallocated															****	(547	)		—		—			—			(547	)
Segment Result Total															****	26,925	****	****	116	****	(481	)	****	(171	)	****	26,389	****
Finance expense																											(1,653	)
Finance and other income																											4,907
Share of profit/ (loss) of associates accounted for using the equity method																											13
Profit before tax																										****	29,656	****
Income tax expense																											(6,205	)
Profit for the period																										****	23,451	****
Depreciation and amortization																											5,798

Information on reportable segment for the year ended March 31, 2019, is as follows:

	IT Services																IT Products			ISRE			ReconcilingItems			Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue		175,262		75,081		89,313		72,830		76,591		46,496		32,680	****	568,253		12,312			8,544			(49	)		589,060
Other operating income		—		—		—		—		—		—		—	****	4,344		—			—			—			4,344
Segment Result		33,831		8,638		16,828		7,081		15,916		8,327		4,396	****	95,017		(1,047	)		(1,829	)		283			92,424
Unallocated															****	3,142		—			—			—			3,142
Segment Result Total															****	102,503	****	(1,047	)	****	(1,829	)	****	283	****	****	99,910	****
Finance expense																											(7,375	)
Finance and other income																											22,923
Share of profit/ (loss) of associates accounted for using the equity method																											(43	)
Profit before tax																										****	115,415	****
Income tax expense																											(25,242	)
Profit for the year																										****	90,173	****
Depreciation, amortization and impairment																											19,474

Information on reportable segment for the year ended March 31, 2020, is as follows:

	IT Services																IT Products			ISRE			ReconcilingItems			Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue		184,457		78,240		97,008		76,443		75,895		48,158		33,840	****	594,041		11,010			8,400			(50	)		613,401
Other operating income		—		—		—		—		—		—		—	****	1,144		—			—			—			1,144
Segment Result		34,132		12,027		16,729		12,176		14,312		9,252		5,336	****	103,964		(282	)		(1,822	)		149			102,009
Unallocated															****	2,577		—			—			—			2,577
Segment Result Total															****	107,685	****	(282	)	****	(1,822	)	****	149	****	****	105,730	****
Finance expense																											(7,328	)
Finance and other income																											24,081
Share of profit/ (loss) of associates accounted for using the equity method																											29
Profit before tax																										****	122,512	****
Income tax expense																											(24,799	)
Profit for the year																										****	97,713	****
Depreciation and amortization																											20,862

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,
	2019		2020		2019		2020
India	₹	6,554	₹	7,393	₹	30,999	₹	30,158
Americas*		85,702		90,665		325,432		352,319
Europe		36,612		38,175		147,074		144,876
Rest of the world		21,511		21,870		85,555		86,048
	₹	150,379	₹	158,103	₹	589,060	₹	613,401
*	Substantially related to operations in the United States of America.
---	---

No customer individually accounted for more than 10% of the revenues during the three months and year ended March 31, 2019 and 2020.

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.

Notes:

a)	“Reconciling items” includes elimination of inter-segment transactions and other corporate<br>activities.
b)	Revenue from sale of traded cloud-based licenses is reported as part of IT Services revenues.<br>
---	---
c)	For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains /<br>(losses), net” in revenues (which is reported as a part of operating profit in the interim condensed consolidated statement of income).
---	---
d)	For evaluating performance of the individual operating segments, stock compensation expense is allocated on the<br>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.<br>
---	---
e)	The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment<br>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<br>eliminated under reconciling items.
---	---
f)	Other Operating income of<br>₹ 1,546 and ₹ 395 for the three months ended March 31, 2019 and 2020<br>respectively and ₹ 4,344 and ₹ 1,144 for the year ended March 31, 2019<br>and 2020 respectively. Refer Note 28
---	---
g)	Segment results for ENU industry vertical for the year ended March 31, 2019, is after considering the<br>impact of ₹ 5,141 ($75 million) paid to National Grid on settlement of a legal claim against the Company.
---	---
h)	Segment results for Health BU industry vertical for the three months and year ended March 31, 2019, is<br>after considering the impact of impairment charges on certain software platform and intangible assets recognized on acquisitions amounting to ₹ 1,480 and ₹ 2,318, respectively
---	---
32.	List of subsidiaries and investments accounted for using equity method as at March 31, 2020 is providedbelow:
---	---
Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro, LLC			USA
	Wipro Gallagher Solutions, LLC		USA
		Opus Capital Markets Consultants, <br>LLC	USA
		Wipro Promax Analytics Solutions Americas, LLC	USA
	Wipro Insurance Solutions, LLC		USA
	Wipro IT Services, LLC		USA
		HealthPlan Services, Inc. **	USA
		Appirio, Inc. **	USA
		Cooper Software, Inc.	USA
		Infocrossing, LLC	USA
		Wipro US Foundation	USA
		International TechneGroup Incorporated **	USA
		Rational Interaction, 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.
	Designit A/S		Denmark

		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Sweden AB	Sweden
		Designit T.L.V Ltd.	Israel
		Designit Tokyo Ltd.	Japan
		Designit Spain Digital, S.L. **	Spain
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
	Wipro IT Services S.R.L.		Romania
Wipro IT Services SE (formerly Wipro Cyprus SE)			U.K.
	Wipro Doha LLC #		Qatar
	Wipro Technologies SA DE CV		Mexico
	Wipro Philippines, Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelosségu Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelosségu Társaság	Hungary
	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 Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. **	Portugal
		Wipro Technologies Limited	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C.	Peru
		Wipro do Brasil Servicos de Tecnologia S.A.	Brazil
		Wipro do Brasil Technologia Ltda **	Brazil
	Wipro Technologies SA		Argentina
	Wipro Technologies S.R.L.		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Wipro Bahrain Limited Co. S.P.C.		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
	Rainbow Software LLC		Iraq

Wipro Networks Pte Limited		Singapore
	Wipro (Dalian) Limited	China
	Wipro Technologies SDN BHD	Malaysia
Wipro Chengdu Limited		China
Wipro IT Services Bangladesh Limited		Bangladesh
Wipro HR Services India Private Limited		India
*	All the above direct subsidiaries are 100% held by the Company except that the Company holds 66.67% of the<br>equity securities of Wipro Arabia Co. 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<br>these holdings is with the Company.
---	---
The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based<br>Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa and Wipro Foundation in India
---
**	Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit Spain Digital, S.L,<br>HealthPlan Services, Inc, Appirio, Inc, International TechneGroup Incorporated and Rational Interaction, Inc. are as follows:
---	---
Subsidiaries	Subsidiaries	Subsidiaries	Country of<br><br><br>Incorporation
---	---	---	---
Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
		Cellent GmbH	Germany
		Cellent GmbH	Austria
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
Designit Spain Digital, S.L.			Spain
	Designit Colombia S A S		Colombia
	Designit Peru SAC		Peru
HealthPlan Services, Inc.			USA
	HealthPlan Services Insurance Agency, LLC		USA
International TechneGroup Incorporated			USA
	International TechneGroup Ltd.		U.K.
	ITI Proficiency Ltd		Israel
	IT S.R.L.		Italy
		Mech Works S.R.L.	Italy
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Apprio Ltd (UK)	U.K.
Rational Interaction, Inc.			USA
	Rational Consulting Australia Pty Ltd		Australia
	Rational Interaction Limited		Ireland
As at March 31, 2020 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accounted for using the equity method.
The list of controlled trusts are:
Name of the entity		Country of incorporation
Wipro Equity Reward Trust		India
Wipro Foundation		India

33. Bank balance

	As at March 31, 2020
	In Current Account		In Deposit Account		Total
HDFC Bank	₹	599	₹	35,670	₹	36,269
ICICI Bank		—		34,883		34,883
Citi Bank		18,902		7,247		26,149
Axis Bank		1		22,988		22,989
HSBC		6,729		4,672		11,401
Saudi British Bank		955		3,311		4,266
Wells Fargo Bank		2,627		—		2,627
Kotak Mahindra Bank		2		1,200		1,202
BNP Paribas		1,034		—		1,034
ANZ Bank		426		302		728
Deutsche Bank		496		—		496
Standard Chartered Bank		341		—		341
UniCredit Bank Austria		334		—		334
United Amara Bank		259		—		259
JP Morgan Chase		107		139		246
MUFG Bank		132		—		132
Rabo Bank		129		—		129
Silicon Valley Bank		109		—		109
Intesa San Paolo		108		—		108
Others		797		—		797
Total	₹	34,087	₹	110,412	₹	144,499
As per our report of even date attached	For and on behalf of the Board of Directors
---	---	---	---
for Deloitte Haskins & Sells LLP	Rishad A Premji	M K Sharma	Abidali Z Neemuchwala
Chartered Accountants Firm’s<br> <br>Registration<br>No: 117366W/W - 100018	Chairman	Director	Chief Executive Officer<br> <br>& Managing<br>Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
April 15, 2020

EX-99.5

Exhibit 99.5

WIPRO LIMITED

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

Website:www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-28440054

STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2020

UNDER IFRS (IASB)

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

									Year ended
	Particulars		December 31,2019			March 31,<br>2019			March 31,<br>2020		March 31,<br>2019
	Income from operations
	a) Revenue	157,110		154,705			150,063			610,232		585,845
	b) Other operating income	395		—			1,546			1,144		4,344
	c) Foreign exchange gains/(losses), net	993		727			316			3,169		3,215
I	Total income from operations	158,498	****	155,432	****	****	151,925	****	****	614,545	****	593,404	****
	Expenses
	a) Purchase of<br>stock-in-trade	2,937		2,083			3,340			9,360		14,073
	b) (Increase)/Decrease in inventories of finished goods and stock-in-trade	208		604			(37	)		2,022		(673	)
	c) Employee benefit expense	85,448		82,381			77,387			326,571		299,774
	d) Depreciation, amortization and impairment	5,798		5,295			5,595			20,862		19,474
	e) Sub-contracting/ technical fees	22,771		22,764			23,934			90,521		94,725
	f) Facility expenses	5,071		4,881			5,838			19,733		22,213
	g) Travel	4,031		4,956			4,463			18,169		17,768
	h) Communication	1,317		1,213			1,097			4,812		4,561
	i) Legal and professional fees	1,256		1,142			630			4,733		4,361
	j) Marketing and brand building	579		690			744			2,532		2,714
	k) Lifetime expected credit loss and provision for deferred contract cost	394		(72	)		(274	)		1,043		980
	l) Other expenses	2,299		2,262			1,888			8,457		13,524
II	Total expenses	132,109	****	128,199	****	****	124,605	****	****	508,815	****	493,494	****
III	Finance expenses	1,653		1,844			2,530			7,328		7,375
IV	Finance and Other Income	4,907		5,370			7,228			24,081		22,923
V	Share of net profit/(loss) of associates accounted for using the equity method	13		34			(17	)		29		(43	)
VI	Profit before tax<br>[I-II-III+IV+V]	29,656	****	30,793	****	****	32,001	****	****	122,512	****	115,415	****
VII	Tax expense	6,205		6,164			7,064			24,799		25,242
VIII	Net profit for the period [VI-VII]	23,451	****	24,629	****	****	24,937	****	****	97,713	****	90,173	****
IX	Total Other comprehensive income	1,724		297			1,008			4,613		1,023
	Total comprehensive income for the period [VIII+IX]	25,175	****	24,926	****	****	25,945	****	****	102,326	****	91,196	****
X	Profit for the period attributable to:
	Equity holders of the Company	23,260		24,558			24,833			97,218		90,031
	Non-controlling Interest	191		71			104			495		142
		23,451	****	24,629	****	****	24,937	****	****	97,713	****	90,173	****
	Total comprehensive income for the period attributable to:
	Equity holders of the Company	24,880		24,842			25,871			101,673		90,945
	Non-controlling Interest	295		84			74			653		251
		25,175	****	24,926	****	****	25,945	****	****	102,326	****	91,196	****
XI	Paid up equity share capital<br>(Face value 2 per share)	11,427		11,426			12,068			11,427		12,068
XII	Reserves excluding revaluation reserves and Non Controlling Interest as per balance sheet									546,031		556,048
XIII	Earnings per share (EPS)
	(Equity shares of par value of<br> 2/- each)
	(EPS for the three months ended period is not annualized)
	Basic (in<br>)	4.09		4.31			4.13			16.67		14.99
	Diluted (in<br>)	4.07		4.30			4.12			16.62		14.95

All values are in Indian Rupees.

1.	The audited consolidated financial results of the Company for the three months and year ended March 31,<br>2020 have been approved by the Board of Directors of the Company at its meeting held on April 15, 2020. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report with unmodified opinion<br>on the consolidated financial results.
2.	The above consolidated financial results have been prepared from the interim condensed consolidated financial<br>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.	Estimation uncertainty relating to the global health pandemic onCOVID-19
---	---

In assessing the recoverability of receivables including unbilled receivables, contract assets and contract costs, goodwill, intangible assets, and certain investments, the Company has considered internal and external information up to the date of approval of these consolidated financial results including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets. The impact of the global health pandemic may be different from that estimated as at the date of approval of these consolidated financial results and the Company will continue to closely monitor any material changes to future economic conditions.

4.	Adoption of IFRS 16 – Leases

On April 1, 2019, the Company has adopted IFRS 16, Leases, using modified retrospective method. Accordingly, the comparatives have not been retrospectively adjusted. The adoption of IFRS 16, did not have any material impact on the interim condensed consolidated results for three months ended March 31, 2020, December 31, 2019 and year ended March 31, 2020.

5.	List of subsidiaries and investments accounted for using equity method as at March 31,2020 are provided in the table below:
Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro, LLC			USA
	Wipro Gallagher Solutions, LLC		USA
		Opus Capital Markets Consultants,<br> <br>LLC	USA
		Wipro Promax Analytics Solutions Americas, LLC	USA
	Wipro Insurance Solutions, LLC		USA
	Wipro IT Services, LLC		USA
		HealthPlan Services, Inc. **	USA
		Appirio, Inc. **	USA
		Cooper Software, Inc.	USA
		Infocrossing, LLC	USA
		Wipro US Foundation	USA
		International TechneGroup Incorporated **	USA
		Rational Interaction, 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.
	Designit A/S		Denmark
		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Sweden AB	Sweden

		Designit T.L.V Ltd.	Israel
		Designit Tokyo Ltd.	Japan
		Designit Spain Digital, S.L. **	Spain
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
	Wipro IT Services S.R.L.		Romania
Wipro IT Services SE (formerly Wipro Cyprus SE)			U.K.
	Wipro Doha LLC #		Qatar
	Wipro Technologies SA DE CV		Mexico
	Wipro Philippines, Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelosségu Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelosségu Társaság	Hungary
	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 Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. **	Portugal
		Wipro Technologies Limited	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C.	Peru
		Wipro do Brasil Servicos de Tecnologia S.A.	Brazil
		Wipro do Brasil Technologia Ltda **	Brazil
	Wipro Technologies SA		Argentina
	Wipro Technologies S.R.L.		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Wipro Bahrain Limited Co. S.P.C.		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
	Rainbow Software LLC		Iraq
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia

Wipro Chengdu Limited	China
Wipro IT Services Bangladesh Limited	Bangladesh
Wipro HR Services India Private Limited	India
* All the above direct subsidiaries are 100% held by the<br>Company except that the Company holds 66.67% of the equity securities of Wipro Arabia Co. 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<br>shareholder. However, the beneficial interest in these holdings is with the Company.<br> <br><br><br><br>The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated<br>in South Africa and Wipro Foundation in India
** Step Subsidiary details of Wipro Portugal S.A, Wipro do<br>Brasil Technologia Ltda, Designit Spain Digital, S.L, HealthPlan Services, Inc, Appirio, Inc, International TechneGroup Incorporated and Rational Interaction, Inc. are as follows:
Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
		Cellent GmbH	Germany
		Cellent GmbH	Austria
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
Designit Spain Digital, S.L.			Spain
	Designit Colombia S A S		Colombia
	Designit Peru SAC		Peru
HealthPlan Services, Inc.			USA
	HealthPlan Services Insurance Agency, LLC		USA
International TechneGroup Incorporated			USA
	International TechneGroup Ltd.		U.K.
	ITI Proficiency Ltd		Israel
	IT S.R.L.		Italy
		Mech Works S.R.L.	Italy
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Apprio Ltd (UK)	U.K.
Rational Interaction, Inc.			USA
	Rational Consulting Australia Pty Ltd		Australia
	Rational Interaction Limited		Ireland

As at March 31, 2020 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accounted for using the equity method.

The list of controlled trusts are:
Name of the entity	Country of incorporation
Wipro Equity Reward Trust	India
Wipro Foundation	India

6.	Segment Information

The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE).

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals.

India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by Government of India and/ or any State Governments.

Information on reportable segment for the three months ended March 31, 2020, December 31, 2019 and March 31, 2019, and year ended March 31, 2020 and March 31, 2019 is as follows:

	Three months ended									Year ended
	March 31,<br>2020			December 31,2019			March 31,<br>2019			March 31,<br>2020			March 31,<br>2019
Particulars	Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		46,690			46,612			46,043			184,457			175,262
Health BU		20,589			19,799			19,288			78,240			75,081
CBU		25,669			25,443			23,667			97,008			89,313
ENU		19,570			19,553			18,628			76,443			72,830
TECH		19,503			18,584			18,402			75,895			76,591
MFG		12,486			12,450			11,551			48,158			46,496
COMM		8,453			8,565			8,286			33,840			32,680
Total of IT Services	****	152,960	****	****	151,006	****	****	145,865	****	****	594,041	****	****	568,253	****
IT Products		2,792			2,576			2,759			11,010			12,312
ISRE		2,341			1,847			1,787			8,400			8,544
Reconciling Items		10			3			(32	)		(50	)		(49	)
Total Revenue	****	158,103	****	****	155,432	****	****	150,379	****	****	613,401	****	****	589,060	****
Other operating Income
IT Services		395			—			1,546			1,144			4,344
Total Other Operating Income	****	395	****	****	—	****	****	1,546	****	****	1,144	****	****	4,344	****
Segment Result
IT Services
BFSI		8,144			8,246			9,649			34,132			33,831
Health BU		3,049			3,186			1,940			12,027			8,638
CBU		4,546			4,725			4,716			16,729			16,828
ENU		3,766			3,130			2,787			12,176			7,081
TECH		3,906			3,256			3,031			14,312			15,916
MFG		2,336			2,385			2,262			9,252			8,327
COMM		1,330			1,444			985			5,336			4,396
Unallocated		(547	)		1,360			1,161			2,577			3,142
Other Operating Income		395			—			1,546			1,144			4,344
Total of IT Services	****	26,925	****	****	27,732	****	****	28,077	****	****	107,685	****	****	102,503	****
IT Products		116			(140	)		(93	)		(282	)		(1,047	)
ISRE		(481	)		(528	)		(775	)		(1,822	)		(1,829	)
Reconciling Items		(171	)		169			111			149			283
Total	****	26,389	****	****	27,233	****	****	27,320	****	****	105,730	****	****	99,910	****
Finance Expense		(1,653	)		(1,844	)		(2,530	)		(7,328	)		(7,375	)
Finance and Other Income		4,907			5,370			7,228			24,081			22,923
Share of net profit/ (loss) of associates accounted for using the equity method		13			34			(17	)		29			(43	)
Profit before tax	****	29,656	****	****	30,793	****	****	32,001	****	****	122,512	****	****	115,415	****

Notes:

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

b)	Revenue from sale of traded cloud-based licenses is reported as part of IT Services revenues.<br>
c)	For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains /<br>(losses), net” in revenues amounting to ₹ 993, ₹ 727 and ₹ 316 for the three months ended March 31, 2020, December 31, 2019 and March 31, 2019, respectively, and ₹ 3,169 and ₹ 3,215 for the year ended March 31, 2020 and 2019, respectively, which is reported as a part<br>of ‘Other income’ in the interim consolidated statement of income.
---	---
d)	For evaluating performance of the individual operating segments, stock compensation expense is allocated on the<br>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.<br>
---	---
e)	The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment<br>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<br>eliminated under reconciling items.
---	---
f)	Other Operating income amounting to<br>₹ 395, Nil, and ₹ 1,546 is included as part of IT Services segment results<br>for the three months ended March 31, 2020, December 31, 2019, and March 31, 2019, respectively, and ₹ 1,144 and ₹ 4,344 for the year ended March 31, 2020 and 2019, respectively. (Refer Note 9).
---	---
g)	Segment results for ENU industry vertical for the year ended March 31, 2019 is after considering the<br>impact of ₹ 5,141 paid to National Grid on settlement of a legal claim against the Company.
---	---
h)	Segment results for Health BU industry vertical for the three months and year ended March 31, 2019, is<br>after considering the impact of impairment charges on certain software platform and intangible assets recognized on acquisitions amounting to ₹ 1,480 and ₹ 2,318, respectively
---	---

7.	Consolidated Balance Sheet
	As at March 31, 2019		As at March 31, 2020
---	---	---	---	---
ASSETS
Goodwill		116,980		131,012
Intangible assets		13,762		16,362
Property, plant and equipment		70,601		81,120
Right-of-use<br>assets		—		16,748
Financial assets
Derivative assets		173		—
Investments		6,916		9,302
Trade receivables		4,373		6,049
Other financial assets		5,146		5,881
Investments accounted for using the equity method		1,235		1,383
Deferred tax assets		5,604		6,005
Non-current tax assets		20,603		11,414
Other non-current assets		15,872		11,935
Total non-current assets	****	261,265	****	297,211
Inventories		3,951		1,865
Financial assets
Derivative assets		4,931		3,025
Investments		220,716		189,635
Cash and cash equivalents		158,529		144,499
Trade receivables		100,489		104,474
Unbilled receivables		22,880		25,209
Other financial assets		14,611		8,614
Contract assets		15,038		17,143
Current tax assets		7,435		2,882
Other current assets		23,086		22,505
		571,666		519,851
Assets held for sale		240		—
Total current assets	****	571,906	****	519,851
TOTAL ASSETS	****	833,171	****	817,062
EQUITY
Share capital		12,068		11,427
Securities premium reserve		533		1,275
Retained earnings		534,700		519,907
Share-based payment reserve		2,617		1,550
Other components of equity		18,198		23,299
Equity attributable to the equity holders of the Company	****	568,116	****	557,458
Non-controlling interest		2,637		1,875
TOTAL EQUITY	****	570,753	****	559,333
LIABILITIES
Financial liabilities
Long - term loans and borrowings		28,368		4,840
Derivative liabilities		—		138
Lease liabilities		—		12,638
Other financial liabilities		—		151
Deferred tax liabilities		3,417		2,825
Non-current tax liabilities		11,023		13,205
Other non-current liabilities		5,258		7,537
Provisions		2		2
Total non-current liabilities	****	48,068	****	41,336
Financial liabilities
Loans, borrowings and bank overdrafts		71,099		73,202
Derivative liabilities		1,310		7,231
Trade payables and accrued expenses		88,304		78,129
Lease liabilities		—		6,560
Other financial liabilities		644		899
Contract liabilities		24,768		18,775
Current tax liabilities		9,541		11,731
Other current liabilities		18,046		19,254
Provisions		638		612
Total current liabilities	****	214,350	****	216,393
TOTAL LIABILITIES	****	262,418	****	257,729
TOTAL EQUITY AND LIABILITIES	****	833,171	****	817,062

8.	Consolidated Statement of cash flows:
	Year ended March 31,
---	---	---	---	---	---	---
	2019			2020
Cash flows from operating activities:
Profit for the year		90,173			97,713
Adjustments to reconcile profit for the year to net cash generated from operatingactivities:
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net		(309	)		(11	)
Depreciation, amortization and impairment		19,474			20,862
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings		(546	)		6,376
Share based compensation expense		1,938			1,262
Share of net (profit)/ loss of associates accounted for using equity method		43			(29	)
Income tax expense		25,242			24,799
Dividend, gain from investments and interest (income)/expenses, net		(17,371	)		(18,945	)
Gain from sale of business and loss of control in subsidiary, net		(4,344	)		(1,144	)
Changes in operating assets and liabilities, net of effects from acquisitions
Trade receivables		1,392			(3,327	)
Unbilled receivables and contract assets		4,580			(3,561	)
Inventories		(566	)		2,085
Other assets		(6,909	)		(80	)
Trade payables, accrued expenses, other liabilities and provisions		20,844			(12,401	)
Contract liabilities		7,824			(6,572	)
Cash generated from operating activities before taxes		141,465			107,027
Income taxes paid, net		(25,149	)		(6,384	)
Net cash generated from operating activities	****	116,316	****	****	100,643	****
Cash flows from investing activities:
Purchase of property, plant and equipment		(22,781	)		(23,497	)
Proceeds from sale of property, plant and equipment		1,940			1,270
Purchase of investments		(930,614	)		(1,178,247	)
Proceeds from sale of investments		954,954			1,212,826
Proceeds from sale of hosted data centre services business and loss of control in subsidiary, net<br>of related expenses and cash		26,103			—
Payment for business acquisitions including deposits and escrow, net of cash acquired		—			(10,003	)
Proceeds from sale of business		—			7,459
Interest received		20,163			23,837
Dividend received		361			367
Net cash generated in investing activities	****	50,126	****	****	34,012	****
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment		4			14
Repayment of loans and borrowings		(104,039	)		(132,380	)
Proceeds from loans and borrowings		65,161			106,342
Repayment of lease liabilities		—			(6,784	)
Payment for deferred contingent consideration in respect of business combination		(265	)		—
Payment for buy back of shares, including transaction cost		—			(105,311	)
Interest paid		(4,796	)		(4,601	)
Payment of cash dividend (including dividend tax thereon)		(5,434	)		(6,863	)
Payment of cash dividend to Non-controlling<br>interest		—			(1,415	)
Net cash used in financing activities	****	(49,369	)	****	(150,998	)
Net increase in cash and cash equivalents during the year		117,073			(16,343	)
Effect of exchange rate changes on cash and cash equivalents		526			1,922
Cash and cash equivalents at the beginning of the year		40,926			158,525
Cash and cash equivalents at the end of the year	****	158,525	****	****	144,104	****
9.	Other operating income
---	---

Year ended March 31, 2019

Sale of hosted data center services business: During the year ended March 31, 2019, the Company had concluded the divestment of its hosted data center services business.

The calculation of the gain on sale is shown below:

Particulars
Cash considerations (net of disposal costs 660)	25,432
Less: Carrying amount of net assets disposed (including goodwill of 13,009)	(26,455	)
Add: Reclassification of exchange difference on foreign currency translation	4,131
Gain on sale	3,108	****

All values are in Indian Rupees.

Loss of control in subsidiary: During the year ended March 31, 2019, the Company had reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited. The loss/ gain on this transaction is insignificant.

Sale of Workday and Cornerstone OnDemandbusiness: During the year ended March 31, 2019, the Company has concluded the Sale of Workday and Cornerstone OnDemand business except in Portugal, France and Sweden.

The calculation of the gain is as shown below:

Particulars
Cash considerations	6,645
Less: Carrying amount of net assets disposed (includes goodwill of 4,893 and intangible assets of 740)	(5,475	)
Add: Reclassification of exchange difference on foreign currency translation	79
Gain on Sale	1,249	****

All values are in Indian Rupees.

Year ended March 31, 2020

10.	Business combinations:

Description	Purchase priceallocated
Net assets	₹	907
Customer related intangibles		4,535
Marketing related intangibles		371
Deferred tax liabilities on intangible assets		(213	)
Total	₹	5,600	****
Goodwill		4,833
Total purchase price	₹	10,433	****

Net assets acquired include ₹ 317 of cash and cash equivalents.

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

By order of the Board,	For, Wipro Limited
Place: Bengaluru<br> <br>Date: April 15,<br>2020	Rishad A Premji<br> <br>Chairman

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter and Year ended March 31, 2020

Operating Metrics Pertaining to IT Services Segment

A. IT Services

																FY 18-19
				Q4			Q3			Q2			Q1			FY			Q4
Revenue &OM %	IT services Revenues (Mn)	8,256.2			2,073.7			2,094.8			2,048.9			2,038.8			8,120.3			2,075.5
	Sequential GrowthNote<br>1	2.5	%		-1.0	%		2.2	%		0.5	%		-1.3	%		3.8	%		1.4	%
	Sequential Growth in Constant CurrencyNote 1&2	3.9	%		0.4	%		1.8	%		1.1	%		-0.7	%		5.4	%		1.0	%
	Operating Margin %Note 3	18.1	%		17.6	%		18.4	%		18.1	%		18.4	%		17.9	%		19.0	%
Service Line Mix	Practices
	Digital Operations and Platforms	14.8	%		14.6	%		15.3	%		14.7	%		14.7	%		14.9	%		14.9	%
	Cloud and Infrastructure Services	25.8	%		25.8	%		25.8	%		25.7	%		25.7	%		25.2	%		25.2	%
	Data, Analytics and AI	7.3	%		7.2	%		7.2	%		7.3	%		7.4	%		7.2	%		7.2	%
	Modern Application Services	44.5	%		44.7	%		44.2	%		44.8	%		44.6	%		45.1	%		45.1	%
	Industrial & Engineering Services	7.6	%		7.7	%		7.5	%		7.5	%		7.6	%		7.7	%		7.6	%
SBU Mix	Strategic Business Units
	Banking, Financial Services and Insurance	31.0	%		30.4	%		30.9	%		31.3	%		31.6	%		30.9	%		31.5	%
	Communications	5.7	%		5.5	%		5.7	%		5.7	%		5.9	%		5.7	%		5.7	%
	Consumer Business Unit	16.3	%		16.8	%		16.9	%		16.0	%		15.6	%		15.7	%		16.2	%
	Energy, Natural Resources and Utilities	12.9	%		12.8	%		12.9	%		12.9	%		12.8	%		12.8	%		12.8	%
	Health Business Unit	13.2	%		13.5	%		13.1	%		13.0	%		13.2	%		13.2	%		13.2	%
	Manufacturing	8.1	%		8.2	%		8.2	%		8.1	%		7.9	%		8.2	%		8.0	%
	Technology	12.8	%		12.8	%		12.3	%		13.0	%		13.0	%		13.5	%		12.6	%
Geography Mix	Geography
	Americas	59.1	%		59.1	%		59.2	%		59.6	%		58.7	%		56.8	%		58.2	%
	Europe	24.0	%		24.1	%		23.7	%		23.5	%		24.6	%		25.5	%		24.6	%
	Rest of the World	16.9	%		16.8	%		17.1	%		16.9	%		16.7	%		17.7	%		17.2	%
Guidance	Guidance (MN)				2,095-2,137			2,065-2,106			2,039-2,080			2,046-2,087						2,047-2,088
	Guidance restated based on actual currency realized (MN)				2,064-2,106			2,074-2,115			2,027-2,068			2,034-2,075						2,055-2,096
	Revenues performance against guidance (MN)				2,073.7			2,094.8			2,048.9			2,038.8						2,075.5
Customer Relationships	Customer size distribution (TTM)
	> 100MN	15			15			14			13			13			10			10
	> 75MN	22			22			22			23			23			22			22
	> 50MN	40			40			41			41			41			41			41
	> 20MN	96			96			96			92			92			96			96
	> 10MN	166			166			169			165			166			172			172
	> 5MN	260			260			260			261			259			262			262
	> 3MN	341			341			344			341			340			339			339
	> 1MN	574			574			572			569			564			571			571
Customer Metrics	Revenue from Existing customers %	98.1	%		97.0	%		97.6	%		98.4	%		99.4	%		98.4	%		97.6	%
	Number of new customers	240			65			77			57			41			271			63
	Total Number of active customers	1,074			1,074			1,070			1,027			1,060			1,115			1,115
	Customer Concentration		****
	Top customer	3.2	%		3.0	%		3.0	%		3.2	%		3.7	%		3.7	%		3.7	%
	Top 5	12.8	%		12.2	%		12.3	%		12.8	%		13.8	%		12.7	%		13.7	%
	Top 10	19.7	%		19.3	%		19.2	%		19.8	%		20.7	%		19.5	%		20.4	%

All values are in US Dollars.

Notes:

Note 1: QoQand YoY growth rates have been adjusted for the impact of divestments. For details refer to Media Presentation

Note 2: Constant currency revenuefor a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period

Note 3: ITServices Operating Margin refers to Segment Results Total as reflected in IFRS financials

Page 1 of 3

																FY 18-19
				Q4			Q3			Q2			Q1			FY			Q4
Currency Mix	% of Revenue
		63	%		62	%		63	%		63	%		62	%		61	%		62	%
		10	%		10	%		10	%		9	%		10	%		10	%		10	%
		8	%		8	%		8	%		8	%		9	%		9	%		9	%
		4	%		5	%		4	%		4	%		4	%		5	%		4	%
	AUD	5	%		4	%		4	%		5	%		5	%		5	%		5	%
	CAD	3	%		3	%		3	%		3	%		3	%		3	%		3	%
	Othpers	7	%		8	%		8	%		8	%		7	%		7	%		7	%
Employee Metrics	Closing Employee Count	182,886			182,886			187,318			181,453			174,850			171,425			171,425
	Utilization(IT Services excl. DOP, Designit, Cellent, Cooper, Infoserver, India, Rational and ITI)
	Gross Utilization	72.2	%		73.4	%		70.2	%		71.4	%		73.9	%		74.4	%		75.4	%
	Net Utilization (Excluding Support)	80.9	%		82.4	%		78.5	%		79.9	%		82.8	%		83.3	%		84.1	%
	Net Utilization (Excluding Trainees)	82.3	%		82.6	%		79.6	%		82.1	%		85.0	%		84.8	%		85.4	%
	Attrition
	(IT Services excl. DOP)
	Voluntary TTM	14.7	%		14.7	%		15.7	%		17.0	%		17.6	%		17.6	%		17.6	%
	Voluntary Quarterly Annualized	14.7	%		12.6	%		12.5	%		16.0	%		17.9	%		17.6	%		16.6	%
	DOP % - Quarterly	11.2	%		11.8	%		11.0	%		11.0	%		11.2	%		11.7	%		11.8	%
	DOP % - Post Training Quarterly	10.1	%		10.8	%		9.6	%		9.9	%		10.0	%		10.5	%		10.8	%
	Sales & Support Staff - IT Services	14,908			14,908			15,232			14,990			14,116			14,360			14,360
B. IT Services (Excluding DOP, Designit, Cellent, Appirio, Cooper,Infoserver, India, Rational and ITI)																					****
Service delivery	Revenue from FPP	62.4	%		63.2	%		62.6	%		61.9	%		61.6	%		59.4	%		60.0	%
	Onsite Revenue - % of Services	52.9	%		51.8	%		53.2	%		53.3	%		52.3	%		52.3	%		51.5	%
	Offshore Revenue - % of Services	47.1	%		48.2	%		46.8	%		46.7	%		47.7	%		47.7	%		48.5	%
	C. Growth Metrics for the Quarter and Year ended March 31, 2020Note 1, 2																				****

All values are in US Dollars.


IT Services	-1.0	%	0.4	%	0.4	%	2.6	%	2.5	%	3.9	%
Strategic Business Units		****
Banking, Financial Services and Insurance	-2.3	%	-3.4	%	-0.9	%	-1.3	%	2.6	%	4.0	%
Communications	-3.6	%	-2.8	%	-0.2	%	2.0	%	0.9	%	3.5	%
Consumer Business Unit	-1.4	%	4.3	%	-0.1	%	6.4	%	6.8	%	8.1	%
Energy, Natural Resources and Utilities	-2.1	%	0.2	%	1.3	%	4.9	%	2.4	%	5.4	%
Health Business Unit	1.9	%	2.9	%	2.3	%	3.6	%	2.3	%	2.8	%
Manufacturing	-2.0	%	2.5	%	-1.3	%	4.2	%	1.1	%	2.5	%
Technology	2.7	%	2.4	%	3.2	%	3.5	%	-1.3	%	-0.6	%
Geography
Americas	-1.2	%	2.3	%	-0.7	%	3.1	%	7.3	%	7.6	%
Europe	0.7	%	-2.2	%	3.4	%	1.9	%	-4.3	%	-1.3	%
Rest of the World	-2.8	%	-2.6	%	0.4	%	2.2	%	-3.0	%	-0.4	%
Practices
Digital Operations and Platforms	-5.7	%	-2.2	%	-5.3	%	-1.5	%	9.6	%	10.1	%
Cloud and Infrastructure Services	-1.2	%	2.1	%	-0.1	%	4.1	%	3.9	%	5.2	%
Data, Analytics and AI	-0.9	%	-0.9	%	0.7	%	1.5	%	2.4	%	3.8	%
Modern Application Services	0.3	%	0.1	%	2.4	%	3.2	%	-0.2	%	1.6	%
Industrial & Engineering Services	1.3	%	2.2	%	2.2	%	3.6	%	1.0	%	1.8	%

Page 2 of 3

D. Annexure to Datasheet

Segment-wise breakup of<br><br><br>Cost of Revenues, S&M and G&A	Q4 FY19-20 ( MN)
Particulars	IT Services	IT<br>Products			ISRE			Reconciling<br>Items			Total
Cost of revenues			2,601			2,808			152			114,133
Selling and marketing expenses			95			88			(39	)		10,295
General and administrative expenses			(20	)		(74	)		68			7,681
Total			2,676			2,822			181			132,109

All values are in Indian Rupees.

Page 3 of 3

Wipro Ltd 6-K, filed Apr 21, 2020

About this 6-K

# # (Tables to follow)