Equibles

6-K

WIPRO LTD (WIT)

6-K 2024-07-24 For: 2024-06-30
View Original
Added on April 08, 2026

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 June 2024

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

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information concerning its public disclosures regarding its results of operations for the quarter ended June 30, 2024. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

On July 19, 2024, the Company announced its results of operations for the quarter ended June 30, 2024. The Company issued a press release announcing its results under International Financial Reporting Standards (“IFRS”), a copy of which is attached to this Form 6-K as Item 99.1.

The Company placed advertisements in certain Indian newspapers concerning its results of operations for the quarter ended June 30, 2024, under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.2.

The Company made available on its website the Condensed Consolidated Interim Financial Statements for the quarter ended June 30, 2024, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.3.

The Company filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter ended June 30, 2024, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.4.

The Company filed with stock exchanges in India a datasheet containing operating metrics for the quarter ended June 30, 2024. A copy of such data sheet is attached to this Form 6-K as Item 99.5.

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

By: /s/ Aparna Chandrashekar Iyer
Aparna Chandrashekar Iyer
Chief Financial Officer
Dated: July 24, 2024

INDEX TO EXHIBITS

Item
99.1 IFRS Press Release
99.2 Form of Advertisement Placed in Indian Newspapers
99.3 Consolidated Interim Financial Statements under IFRS
99.4 Statutorily Audited Consolidated Financial Results filed with stock exchanges in India
99.5 Data sheet containing operating metrics filed with stock exchanges in India

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

LOGO

Wipro announces results for the quarter ended June 30, 2024

Large Deal Bookings at $1.2 billion.

IT Services Margin expands 0.4% YoY. EPS increases 9.9% YoY.

Operating cash flows at 131.6% of net income.

EAST BRUNSWICK, N.J. | BANGALORE, India – July 19, 2024: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended June 30, 2024.

Highlights of the Results

Results for theQuarter ended June 30, 2024:

1. Gross revenue was at<br>₹ 219.6 billion ($2,635.8 million^1^), a decrease of 1.1% QoQ and 3.8% YoY.
2. IT services segment revenue was at $2,625.9 million, a decrease of 1.2% QoQ and decrease of 5.5% YoY.<br>
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3. Non-GAAP^2^ constant<br>currency IT Services segment revenue decreased 1.0% QoQ, and 4.9% YoY.
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4. Total bookings^3^ was at $3,284 million. Large deal<br>bookings^4^ was at $1,154 million, a decrease of 3.1% QoQ and 3.6% YoY.
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5. IT services operating margin^5^ for the quarter was at<br>16.5%, an increase of 0.1% QoQ and 0.4% YoY.
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6. Net income for the quarter was at<br>₹ 30.0 billion ($360.4 million^1^), an increase of 5.9% QoQ and 4.6% YoY.
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7. Earnings per share for the quarter was at<br>₹ 5.75 ($0.07^1^), an increase of 5.9% QoQ and 9.9% YoY.
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8. Operating cash flows of<br>₹ 40.0 billion ($479.0 million^1^), an increase of 6.5% YoY and at 131.6% of Net Income for the quarter.<br>
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9. Voluntary attrition was at 14.1% on a trailing 12-month basis.<br>
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Outlook for the Quarter ending September 30, 2024

We expect revenue from our IT Services business segment to be in the range of $2,600 million to $2,652 million*. This translates to sequential guidance of (-)1.0% to +1.0% in constant currency terms.

* Outlook for the Quarter ending September 30, 2024, is based on the following exchange rates: GBP/USD at1.26, Euro/USD at 1.08, AUD/USD at 0.66, USD/INR at 83.27 and CAD/USD at 0.73

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Performance for the Quarter ended June 30, 2024

**Srini Pallia, CEO and Managing Director, said “**We recorded another quarter of total large deal bookings over $1 bn, with our largest win in therecent years. Our top accounts continued to grow, accompanied by a growth in Americas1 SMU, BFSI and Consumer sectors. We are pleased with the momentum we have built in Q1 across industries and sectors and confident in our ability to execute betteron bookings and profitable growth as we transition to Q2. While we continue to build on our ai360 strategy and preparing our workforce for an AI-first future.”

**Aparna Iyer, Chief Financial Officer, said “**We continued to expand our margins to 16.5% in Q1’25, this is a42-bps improvement YoY. Our margin performance is also reflected in our EPS increase of 10% YoY. Our operating cash flows continue to be strong at 131.6% of our net income which takes our current investmentand cash balance to $5.4 billion.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated intoUnited States Dollars at the certified foreign exchange rate of US$1 = ₹83.33, as published by the Federal Reserve Board of Governors onJune 30, 2024. However, the realized exchange rate in our IT Services business segment for the quarter ended June 30, 2024, was US$1=₹83.38
2. Constant currency for a period is the product of volumes in that period times the average actual exchangerate of the corresponding comparative period.
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3. Total Bookings refers to the total contract value of all orders that were booked during the period includingnew orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currencyexchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
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4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
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5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.
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6. Voluntary attrition is in IT Services computed on a quarterly annualised basis and excludes DOP.
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Highlights of Strategic Deal Wins

In the first quarter, Wipro continued to win large and strategic deals across industries. Key highlights include:

1. Wipro has been awarded a $500 million deal by a leading U.S. communications services provider. This is a<br>five-year contract to provide managed services for select products and industry-specific solutions.
2. Wipro was selected by a global leader in technology to reimagine its hyperscaler customer experience centers<br>through AI-powered operations. Wipro will enable real-time business insights, scale talent, and reduce cost of operations for the client’s centers across the world. Additionally, the team will modernize<br>the client’s global R&D lab infrastructure and accelerate innovation with rapid prototyping and increased speed to market of new products and services.
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3. A US-based health insurance company has engaged Wipro to deliver end-to-end transformation of its medical claims processing. Over this multi-year deal, Wipro will implement customized AI-based<br>solutions, for claims processing, error prediction and agent assist. Wipro’s AI solution will deliver higher accuracy in claims processing leading to a reduction in<br>out-of-compliance claim appeals and an overall decrease in the cost of operations. Wipro is leveraging GenAI and AI to accelerate training and optimize resource<br>allocation for the client.
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4. A US-based automotive Tier 1 supplier has selected Wipro to streamline<br>its global technology services and rationalize its applications including both Engineering and business to support its portfolio. The Wipro team will develop a solution leveraging automation and AI to improve the client’s customer experience<br>and reduce its overall operating costs, enhance innovation as well as improve project delivery.
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5. A leading provider of innovative flash memory solutions has selected Wipro as its strategic partner for Product<br>Development and Engineering. The Wipro team will establish a Center of Excellence for Solid State Drive SSD engineering by leveraging its deep domain expertise on storage firmware, embedded software, system validations and GenAI methodologies to<br>enhance the client’s product development life cycle.
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6. Wipro has secured a transformational engagement with a state government organization in Australia to deliver a<br>centralized road asset management system. This system will help the client make reliable and fast strategic decisions for the future of its road network. The ‘One Wipro’ team, with Rizing, Wipro Enterprise Futuring and Domain &<br>Consulting, will improve management of road assets like bridges, tunnels, traffic assets, etc., through integration and automation of the road asset register. The team will also deliver new capabilities to support business needs like staff mobility,<br>leading to improved user experience with an intuitive map driven approach.
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7. A US-based payment services corporation has selected Wipro to enhance<br>its applications to provide more resilient services, improve performance and scalability to support projected business growth. In partnership with the client, the Wipro team will develop and deploy solutions utilizing proven Continuous<br>Integration & Deployment pipelines, leveraging AI. As a result, the client will have better visibility of compliance requirements and see improved agility andproductivity.
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8. A US-based global technology company has selected Wipro to develop and<br>enhance its Silicon IP lifecycle. The Wipro team will deploy a comprehensive end-to-end solution that includes silicon engineering services encompassing areas such as<br>analog circuit, layout, and structural designs. The project will result in increased agility and transparency across the Silicon IP lifecycle.
9. An Australian public health services organization has chosen Wipro to migrate its legacy systems and automate<br>its workforce management process. The Wipro team will build a solution that connects the aged care community with essential providers and services. The client will see enhanced accessibility and exchange of medical data, improved quality, and safety<br>of primary healthcare services, as well as increased innovation and efficiency through digital technologies.
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10. A global pharmaceutical organization has expanded its existing relationship with Wipro, selecting it to deliver<br>persona-based services for their Service Desk and onsite Field Support Services globally. The programme includes 12 transformation initiatives to modernize the client’s operating model and improve its user experience through Gen AI use cases,<br>including autopilot-based provisioning, and remote management of applicable devices through zero-touch remote IT services resolution. As a result of this project, the client will see enhanced employee<br>experience and increased productivity.
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11. A Europe-based investment management company has selected Wipro to manage its end-to-end infrastructure. The Wipro team will consolidate vendors across the client’s IT operations and develop AI tools to simplify its operations. This project will improve the client’s<br>operational stability and security, reduce costs, and increase its cost efficiency by up to 30%.
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12. One of Europe’s largest providers of holiday parks has selected Wipro to integrate its business functions<br>into a single set of standardized technology platforms with a redesigned operating model. The Wipro team will design the business processes, build and roll out core business platforms for the client’s commerce, finance, and HR functions. The<br>team will also build a data platform to gain better business insights and roll out a change management program to ensure a smooth transition. This project will deliver harmonized and integrated systems enabling the client’s future business<br>growth.
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13. A leading US-based technology company has selected Wipro to provide end-user sales and support services for its Spanish and Portuguese-speaking customers in Latin America. Wipro will deploy its trusted digital marketing advisors to support end users’ marketing presence. The<br>team will also help in boosting advertising revenue growth through ad campaign optimization, market planning and book management.
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4

Analyst Recognition

1. Wipro was rated as a Leader in Avasant’s Applied AI Services 2024 RadarView^™^
2. Wipro was designated as a Leader in Avasant’s Cybersecurity Services 2024 RadarView^™^
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3. Wipro was recognized as a Leader in IDC MarketScape: Worldwide Consulting and Digital Services Providers forthe Upstream Oil and Gas Industry 2024 Vendor Assessment (Doc # US51004123 May 2024)
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4. Wipro was recognized as a Leader in Everest Group’s Mainframe Services PEAK Matrix^®^ Assessment 2024
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5. Wipro was ranked as a Leader in Avasant’s Manufacturing Digital Services 2024 RadarView^™^
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6. Wipro was rated as a Leader in ISG Provider Lens^™^- Digital Engineering Services 2024 (all quadrants)
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7. Wipro was classified as a Leader in ISG ProviderLens^™^ - Microsoft Cloud Ecosystem 2024 (multiple quadrants)
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8. Wipro was recognized as a Leader in ISG ProviderLens^™^ - SAP Ecosystem 2024 (multiple quadrants)
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9. Wipro was featured as a Horizon 3 – Market Leader in the HFS Horizons: HCP Service Providers, 2024report
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10. Wipro was classified as a Leader in Avasant’s Banking Process Transformation 2024 RadarView^™^
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11. Wipro was positioned as a Leader in the 2024Gartner^®^ Magic Quadrant^™^ for Finance and Accounting Business Process Outsourcing
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12. Wipro was rated as a Leader in ISG Provider Lens^™^- Procurement Services 2024 (all quadrants)
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Source & Disclaimer: *Gartner, “Magic Quadrant for Finance andAccounting Business Process Outsourcing”, Jan Ambergen, et al, 21 May 2024.

GARTNER is a registered trademark and service mark ofGartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only thosevendors with the highest ratings or other designation. Gartner’s research publications consist of the opinions of Gartner’s research organization 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.

The Gartnercontent described herein (the “Gartner Content”) represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. (“Gartner”), and is not a representation of fact. GartnerContent speaks as of its original publication date (and not as of the date of this press release, and the opinions expressed in the Gartner Content are subject to change without notice.

IT Products

1. IT Products segment revenue for the quarter was<br>₹ 0.5 billion ($5.6 million^1^)
2. IT Products segment results for the quarter were (-) ₹ 0.05 billion (-$0.56 million^1^)
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Please refer to the table on page 12 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Key Metrics andNon-GAAP Financial Measures

This press release contains key metrics and 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 12 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.

Our key metrics and non-GAAP financial measures are 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. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the Quarter ended June 30, 2024, prepared under IFRS, along with individual business segment reports, are available in theInvestors section of our website www.wipro.com/investors/

Quarterly Conference Call

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (9:30 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 webcast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIP19072024

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 technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com

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Contact for Investor Relations Contact for Media & Press
Dipak Kumar Bohra Abhishek Jain
Phone: +91-80-6142 7201 Phone: +91-80-6142 6143 Phone: +91-80-6142 6450
dipak.bohra@wipro.com abhishek.jain2@wipro.com media-relations@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, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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(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, 2024 As at June 30, 2024
Convenience translationinto US dollar in millions<br>(unaudited)
ASSETS
Goodwill 316,002 316,054 3,793
Intangible assets 32,748 30,971 372
Property, plant and equipment 81,608 79,957 960
Right-of-Use<br>assets 17,955 19,233 231
Financial assets
Derivative assets 25 — —
Investments 21,629 21,262 255
Trade receivables 4,045 584 7
Other financial assets 5,550 5,290 63
Investments accounted for using the equity method 1,044 999 12
Deferred tax assets 1,817 1,752 21
Non-current tax assets 9,043 9,453 113
Other non-current assets 10,331 11,656 140
Total non-current assets **** 501,797 **** 497,211 **** 5,967
Inventories 907 912 11
Financial assets
Derivative assets 1,333 1,359 16
Investments 311,171 351,917 4,223
Cash and cash equivalents 96,953 98,304 1,180
Trade receivables 115,477 114,071 1,369
Unbilled receivables 58,345 61,720 741
Other financial assets 10,536 9,050 109
Contract assets 19,854 19,414 233
Current tax assets 6,484 6,031 72
Other current assets 29,602 30,827 370
Total current assets **** 650,662 **** 693,605 **** 8,324
TOTAL ASSETS **** 1,152,459 **** 1,190,816 **** 14,291
EQUITY
Share capital 10,450 10,460 126
Share premium 3,291 5,512 66
Retained earnings 630,936 661,495 7,938
Share-based payment reserve 6,384 5,498 66
Special Economic Zone re-investment reserve 42,129 41,602 499
Other components of equity 56,693 55,526 666
Equity attributable to the equity holders of the Company **** 749,883 **** 780,093 **** 9,361
Non-controlling interests 1,340 1,669 20
TOTAL EQUITY **** 751,223 **** 781,762 **** 9,381
LIABILITIES
Financial liabilities
Loans and borrowings 62,300 62,317 748
Lease liabilities 13,962 16,191 194
Derivative liabilities 4 — —
Other financial liabilities 4,985 5,747 69
Deferred tax liabilities 17,467 17,231 207
Non-current tax liabilities 37,090 37,238 447
Other non-current liabilities 12,970 13,879 167
Total non-current liabilities **** 148,778 **** 152,603 **** 1,832
Financial liabilities
Loans, borrowings and bank overdrafts 79,166 82,283 987
Lease liabilities 9,221 8,115 97
Derivative liabilities 558 141 2
Trade payables and accrued expenses 88,566 83,051 997
Other financial liabilities 2,272 2,825 34
Contract liabilities 17,653 17,541 211
Current tax liabilities 21,756 26,881 323
Other current liabilities 31,295 33,743 405
Provisions 1,971 1,871 22
Total current liabilities **** 252,458 **** 256,451 **** 3,078
TOTAL LIABILITIES **** 401,236 **** 409,054 **** 4,910
TOTAL EQUITY AND LIABILITIES **** 1,152,459 **** 1,190,816 **** 14,291

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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 June 30,
2023 2024 2024
Convenience translation intoUS dollar in millions(unaudited)
Revenues 228,310 219,638 2,636
Cost of revenues (161,261 ) (153,306 ) (1,840 )
Gross profit **** 67,049 **** 66,332 **** 796
Selling and marketing expenses (16,584 ) (15,844 ) (190 )
General and administrative expenses (15,887 ) (14,213 ) (172 )
Foreign exchange gains/(losses), net (62 ) (206 ) (2 )
Results from operating activities **** 34,516 **** 36,069 **** 432
Finance expenses (3,086 ) (3,288 ) (39 )
Finance and other income 6,542 7,480 90
Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method 3 (45 ) (1 )
Profit before tax **** 37,975 **** 40,216 **** 482
Income tax expense (9,115 ) (9,850 ) (118 )
Profit for the period **** 28,860 **** 30,366 **** 364
Profit attributable to:
Equity holders of the Company 28,701 30,032 360
Non-controlling interests 159 334 4
Profit for the period **** 28,860 **** 30,366 **** 364
Earnings per equity share:
Attributable to equity holders of the Company
Basic 5.23 5.75 0.07
Diluted 5.12 5.73 0.07
Weighted average number of equity shares used in computing earnings per equityshare
Basic 5,482,733,329 5,225,776,256 5,225,776,256
Diluted 5,600,307,315 5,236,768,113 5,236,768,113

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Information on reportable segments for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023, year ended March 31, 2024 are as follows:

Particulars Three months ended Year ended
June 30,<br>2024 March 31,<br>2024 June 30,<br>2023 March 31,<br>2024
Audited Audited Audited Audited
Segment revenue
IT Services
Americas 1 67,700 67,229 65,607 268,230
Americas 2 67,338 67,724 68,303 269,482
Europe 60,422 61,344 67,134 253,927
APMEA 23,503 24,499 26,510 102,177
Total of IT Services **** 218,963 **** 220,796 **** 227,554 **** 893,816
IT Products 469 1,159 694 4,127
Total segment revenue **** 219,432 **** 221,955 **** 228,248 **** 897,943
Segment result
IT Services
Americas 1 13,687 14,081 13,537 59,364
Americas 2 15,533 15,791 14,169 59,163
Europe 5,873 7,933 9,968 33,354
APMEA 2,441 3,401 2,800 12,619
Unallocated (1,477 ) (5,011 ) (3,957 ) (20,304 )
Total of IT Services **** 36,057 **** 36,195 **** 36,517 **** 144,196
IT Products (47 ) 143 (161 ) (371 )
Reconciling Items 59 (965 ) (1,840 ) (7,726 )
Total segment result **** 36,069 **** 35,373 **** 34,516 **** 136,099
Finance expenses (3,288 ) (3,308 ) (3,086 ) (12,552 )
Finance and other income 7,480 6,759 6,542 23,896
Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method (45 ) (202 ) 3 (233 )
Profit before tax **** 40,216 **** 38,622 **** 37,975 **** 147,210

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Additional Information:

The Company is organized into the following operating segments: IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech.

Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Benelux, the Nordics and Southern Europe.

APMEA consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

IT Products: The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

11

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 June 30, 2024
IT Services Revenue as per IFRS $ 2,625.9
Effect of Foreign currency exchange movement $ 5.5
Non-GAAP Constant Currency IT Services Revenue based onprevious quarter exchange rates $ 2,631.4
Three Months ended June 30, 2024
--- --- ---
IT Services Revenue as per IFRS $ 2,625.9
Effect of Foreign currency exchange movement $ 17.0
Non-GAAP Constant Currency IT Services Revenue based onexchange rates of comparable period in previous year $ 2,642.9

12

Reconciliation of Free Cash Flow for three months ended June 30, 2024

Amount in Mn
Three monthsended
30-Jun-24
Net Income for the period [A]
Computation of Free Cash Flow
Net cash generated from operating activities [B]
Add/ (deduct) cash inflow/ (outflow) on:
Purchase of property, plant and equipment )
Proceeds from sale of property, plant and equipment
Free Cash Flow [C]
Operating Cash Flow as percentage of Net Income [B/A] %
Free Cash Flow as percentage of Net Income [C/A] %

All values are in Indian Rupees.

13

EX-99.2

Exhibit 99.2

LOGO

y v v yy.i iiinii^i™.i./m , xi—oo.^wi i 0/-\l UIXUHI. JULI •^?”-‘i iuit -1 ^ qfdtem $W I ft) Union Bank %^ vft^Bv ^ HJiftsR-vj * Of India (0 VYOM & *)Hh CTflfM itff M9W ft Cuve-rnipcn” of India U_nldi”^Ki-ni rAfc.-Fn1m4jS.1w tar • ? ,??*••• Hoad Office: 239, VWhan Bhavan Mara, N?3nmrin Point, Mumbai-400 021. I ? In rahh _STANDALONE__CONSOLIDATED _ QUARTER ENDEE) | YEAR EN PEP quarter ENDED I YEAfl ENDED PARTICULARS 30.06.2024 FMLMiKS-f^31.03,2024 31.03.2024 30.06,2024 I 30.06^023 I 31.032024 3103.2024 __(Unaudited) (Unfiled) (Audiled) (Audited) jUn audited) (Unaudited] (Audited) jftttjjjtejj ^Total Income from Qperalwras 30,67,352 g7,3S,1Z5 31,05,75? 1,15.&5.ei-5 31,32^7 27,82122& 31,6 U 58 1.18.1^.835 Net Profit r1 (Loss) for the period (Before T&k, ExTOptonalOTdtar 5.02,950 5,17,429 5,27,33a 21 .^3.03-9 4,95.449 &.1B,042 5,28,120 21.50.&22 EKtaortfinary items) Net Pro-fit / (Loss) for trie period before taM After Excsptionai 5.02.950 5r17.429 5,27.335 -21,43.0m 4.95r44fl &.tfl,042 5i&,120 21.50.322 snoVof Exfrgonjingry items)__’   ’   Net Profit i (Loss) for the period Consolidated Audited Financial Results ofWipro Limited under IFRS ^lT?mT\ M7“6 m 3**° im“1 m1” 382,827 ™™ r and/or EitratJTrJinary items) (tin millions, exccp” per share data., unless otherwise stated) Total Comprehensive Income for 1 [ 1 I |h.« period [Comprising Profit ^ Particulars Quarter ended Year ended Quarter ended ^ for ^patau After tax) ua r-,-. na na NA na Hk HA __June30,2024 March 31,2024 June 30,2023 anaother CrjmprahensEv* Revenue from operations 219h63fl 697,603 228,310 Jncome (Afar la*}}   ——Paid up Equity Share Capital 7.03.3*31 6.B3.475 7.63.301 7,63.361 7,63.361 6.83.475 r.Ga.Jo” 7.03.301 Profit before tax 40,216 147,210 37,975 -———— — ——Reserves (Ewciutfing Profit after tax 30,366 111,121 28,860 Revaluation Reserve) as shown —— m fee Audited Eala,C& Sheet **&>m Total comprehensive income forthe period 29,197 118,248 31,710 of (he previous year Paid-up equity share capital 10,460 10,450 10,978 Net Worth 93rT4,7fl6 [ 65,23,633 | 37,60,131 94.D1.48B 03,39,091 37,90,363 £7,96,363 < {Par value of ^ 2 per share) Securities Premium 25.51,318 18,34,118 25,51,318 25.51,31 fl 25.59r4&0 1 &,42.281 25r59.4B0 25.5&.4AQ Reserves excluding non-control ling interest1 739,433 739,433 770, IBS Debenture Rertemptmr; Reserve—_-J_• ? 314 314 314 314 as shown in the Audited Statement of Paid DebtCatfrdt I Financial Position Outstanding EteM 1W&0° ]*&m ™m ^m l7^°° ™m 17’S^° Earnings per equity share Debt Equity Ralia_ Q.Z7 j Q.4Q Q.3T__n^i   0_47^__031__031_ {Par value of ?Z per share) Earnings Pfer Share _’ {EPS for quarter ended periods are Basic ~^4~74~~ ~mfT~ ~^lT~ _:479~~ “IS” not annualized) Basic’(in?)’ 5.75 20.89 5.23 _I__52_2i«J_!M=J__IZiJ__1™ Diluted: (in?) 5.73 20-82 6.12 NOTES: -1-1-1-1 a) Ths stiQVB i& an eidraDi of the detailad formal erf Quarterly’’ Yaarly Financial Resulls filed with His Stock Ejtchangas under Ragulaliofi 33 fi 52 of Ihe SEEI (Lining balance forthe quarter ended June 30, 2024 and year ended March 31,2024 represent balances as perthe audited R^ifear^a.aNabi^nJh^^i^orihes^kE.nhang^) n J r r |www.n-spindn.cnm www.bsairdi-a.comland or ^heBan* swebsita iwww.unprjnban-konndla.CQ.iFi). consolidated stat&rrient of f nancial position forthe year ended March 31, 2024 and balance for the quarter ended b) For 1he clber line itaniE ishamed in RaguiarJcn GJi’-lJ c~ Ihe SEBI [Listing Obligations and Disclosure Requirements) Regulations. 2015. the rjeniren: dis&ta&ures have June 30r 2023 represent balances as per the audited consolidated statement of financial position for the year ended ^niadetoiiiBSnGkE^an^^ Ma rc h 31.2023 r as req u i red by the S EBE (Li sti ng Obi i gat Ions a n d Di sclo s u r e Req u i rements) Regu lations r 2015. _F ur arHj an ^M nf ^ a, D irac1ar!i_ The audited consolidated financial results of the Company for the quarter ended June 30, 2024 have been u “Sa~ “Stf” “Sd” . „ ~ Place: Mumbai Pankaj Dwivedi Sanjsy Ridra Famasrjhrainaniai S. Nitesti Ranjan A. mammQVlatai a p p roved by th e Boa rd of Di recto rsof the Company at its meeting held on July 19, 2024. Th e stat u t ory a ud i tors Date l 19.07 2024 ExflGulrve Direclor Executive Director Executive Director Exfic*rtive Dlrecdw lUla Jiaging Director i CEO have expressed an unmodified audit opinion. f-\ Do not s/iare your Internet Banking details, such asH user ID / password or Financial fteSLlltSOf WiprO Limited under Ind AS your credit / debit Card number / CVV/ OTP with anyone—either over phone or through email The financial results are prepared in accordance with Indian Accounting Standards (“Ind AS71), the provisions JT ., ^ ., , JJ1M   M, , r . , JMM -i.,p. —. . . oftheCompariesAot,!Di3(“theCompameSAct^a3aPPlicaWe3nclg:id,lir1eSis,Ued6ytKeSecu,itieSarld (Toll Free No.) 1800 20! 2244/1600 4251515/1800 425 3555 | ©9666606060 | Error! Hyperlink reference not valid. Exchange Board of India (“SEBI J. The Ind AS are prescribed under Secthon 133 of the Act read with Rule 3 of lf v — w ^ the Companies (Indian Accounting Standards) Rules, 2015 and amendment rules issued thereafter. Consolidated Audited Financial Results of Wipro Limited under Ind AS ;” I Efalkfc^irf| !LY^fc’ ItHB^gi^mBmfl (tin millionsf except per share data, unless otherwise stated) VSSSr — ? D—_j. ±. n. , ? r r -^^iM^yiiJtJii^iliiiliiiaiHUliiiiiJiaiiaajii^H Share Department, Board & Co-ordination Division -1———-1—-—-1————I Nit Ho— 174PPPCE3 -14^PPP/2023 Dated 20.07.2024 ptDt Uq. 4, Dwarka Sector-10h New Delhi-110075 Particulars , fcJ , ™, , NOTICE INVITING EXPRESSION OF INTEREST (EOI) Email Id: hosd@pnb.coJn, Tel # 011-28044857 June3Q,2024 March31,2024 June30,2023 ——— Uttar Pradesh. State Road Tran sport Corpo ration i U P5 RTC) f& p leased to PUBLIC NQTIC E Revenue from Operations 219r63& 897,603 225,310 Iwte EwnKSions of Interest (EOI) fromqusNfied cpn^lting engineerini 9iventhat Share Certificate of the Bar* menlbned 0 jl . r-;—-T—————^7^— artd, c^trfe^f ior *S ^^j^ ^ an Independent be|flW has bB>J r d |M, , misplaced , stolfln and tne Profit before tax 40r216 147,210 37,97& E^meer for the developmen of Bus Terminal cmn Commercial fstered hotder , e|aimant therelcf have rec{lie5ted tor —— -Complex, to be executed under 3 Public-Pnvate Partnership (FPP) model, jSsU& of duplicate shara certificata? Profit after taK 30T36& 111J21 23,SoO located at Avodhva Priam ^Yodhy^ Amau&i (Lucknow), Charba&h -——r—-—-r———? n. .-r——, _:__i   (U£know|,fta0bareilly. 2&roRoad(PrayagriJ)andSohfabgate(Meerut). ™ept *n^re Uistmotive No. Total comprehensive income for the period 29,198 113,130 31,717 Ejrjjfl^Ji^r^ **** °‘ %p“te Scares ShL^a ‘ For detailed- information, please refer to our official website Ma™,hhai n=*a\ ‘ iasm^7 ‘ ^flTc^Vrn—v- Paid-up equity share capital 10r460 10,450 10,976 httpsj/wwwupsrtc.iip.govjn Qr https-ftetendewpnicin [J™^ S^lffifflS” (Par value Of ^ 2 per share) Suhmlsslori D#ao11lne l All Interested and competent consulting Beene D^pa^ Dewi ! !~ engineering firms and corporate bodfes should submit their proposals no (claoarnO Reserves excluding non-controlling interest1 734,680 734,B80 765,703 [ |aterthanjuly2r,aoz4,bTfl=00PW I5T. Managine Director | In case any person hLs any rjaim in respect of the said shares / any as shown in the Audited Balance Sheet otjjecr-icn(&) for the issuance, or duplicate certificate^) in favour of the —— above stated shareholders) / claimarrt(sj, he / she I they should lodge Earnings per equity share Iheir claim or objecton within 15 days of the date or pubUcaiion of (hi& (Par velue of ? 2 per share) Notice. EF within 15 days from the date hereof no claim is received by the f EP<3 for n s j a rtf>r « ndpd n*»r i ndsar^ e*nk i[1 ^sp^1 of tne said certificate^), duplicate share certifK;ate(s) / \ l tot- q u a rrer e noeo pen oa s a re tener(s) of confirmation will be issued. The puHrc Is hereby cautioned not a n n U a I IZed J ^ ^,,, H1 ci y ^\„ 1Cj , & i ^ way ivil11 i t—e a: 10^^ n-en i irjrie ri r;^r1 i’i i :,h l^r s) Basic: (in?) 5,75 20.S9 5.23 For Punjab National Bank Dtluted:{in?) 5.73 20,82 5.12 ™t cJn^lt^ _:_1_I_I_I_I I Frac&r New Dcihi_Company Secretary ‘Balance for the quarter ended June 30> 2024 and year ended March 31, 2024 represent balances as per the t audited consolidated balance sheet for the year ended March 31, 2024 and batancefor the quarter ended June OKIE Q7 f*f\KAKAl IKJI/”* ATlOKIQ I IIVVIITCr^ 30,2023 represent balances as perthe audited consolidated balance sheet forthe year ended March 3112023, PflzB I III wIVI IVIU IN IL#A I IvJINO LI Ml I tIJ as required by the SEBI {Listing Obligations and Disclosure Requirements) Regulations. 2015. • C|N: 1 «2QQDL2cm»pi cioagss A B FcgtelcrodOWie^Piisli-loyi.DcvikaToiiwr.NemuPlic^MCfWDclhli^^ The audited consolidated financial results (under Ind AS) of the Company forthe quarter ended June 30, 2024 i^l^^i^-Ml^^n Tai:+si iTieisosso; w^ke: www.Paytm,com , j. n . ,. „ 1 1 1 j-irtrtrtrtj tl I vJLw IJ Corporate Of lie*: Pay tm Corporate OffJce, One £kymarkr Tower-Dr Plot No. H-10B, Sect&f-^y, have been approved by the Board of Directors of the Company at its meeting held on Julv 19, 2024. The m.wl L r JM ^ 7 ‘ r ^ Hmda 2U1304, Ultar PtadSah, India L^t-Jtutory auditors have expressed an unmodified audit opinion. Tel:-su?o 4770??o; F-meii:eflmpiianw-&fflcer^payiin.c^ Standalone Audited Financial Results of Wipro Limited under Ind AS [tin millionSr except per snare dataT unless otherwise stated) 1-,-1-1-(*m”“on5j. Quarter Ended Year Ended PflrtSnilara Quarter ended Year ended Quarter ended g Par«culars Jun^O.2^24 March^,2W4 Jun^0,W23 March^,2W4 ‘? ‘ ^’”!t ‘ yivst* Mcvchol.l-’^li June o0.1-?C’Z:< i ^^udited) Edited) ^^udited) Edited) | r-Vr;1! J-? iViV:j-i,: =V!^= J !.J ^T-I ‘1 Total i^^e from ^^^^includin^t^r hc^) 16,^1 23,988 24,642 1,05,247 K, .- _ r .^ ,—,:. ‘ ~T~- 2 Loss for the period/year before tax (8,986) (5064) (3040) (13,^4) _—_’._‘1   ’._’._’.   1_!_ 3 Loss for the ^riod/yea^ter tax (8,401) (5^05) (3^84) (14,^4) Profit aftertax 23.7A6 91,186 25,878 4 Total comprehensioe i^^^(^s) for the period/year (after tax}__(9.Q73)_(3Q2 2)__(4Q3 2)__(12,^ 8) ———- 5 Equity share capital 636 636 634 636 Total comprehensive income forthe period 24,403 94,996 29,008 6 othei-eqUity -i^^st) The audited standalone financial results (under Ind AS) of the Company for the quarter ended June 30n 2024 have BaSk°^S per Sare (? ^r Sare °f W/ eaCh) ‘ r ‘ 41 7 ^SCH. (13) (9) (6) ^3) been approved by the Board of Directors of the Company at its meeting held on July I9h 2024. The statutory *NotannuaiiSed for-quarter. (13) (9) (6) (22) auditors h,jVf;cxr;^L^:d unrr;odifJed audit ppfnlori- 1-’-1-1-1-1-1 Note: il^il^il^il^Hllinfinffm The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges (7 in millions] tr d r d * No Part^ulars June30,2024 March 31,2024 June 30,2023 March 31,2024 www,bseindia.com), trie National Stock Exchange website [URL: www,nseindia.com) and on the Company’s ‘ —— (Unaudited) (Audited) (Unaudited) (Audited) ????^ ‘?? 1 Total income from operations (including other income) 12,^0 18,^7 19,^0 81^2 2 sfrte i d/ r fretx (8, 6) (5, 3) (3, ) (14,7 ) 3 sfrte i d/ r trtx (8, 6) (5, 3) (3, ) (14,7 ) Notes: Places BengalUTU Risfl ad A. Premji V Tha-abova nru BKlracl of the Oelailad rorma( nf Unaudited Financial ffisnjlt^ (CrmSoFid^tad end Standalone) fir Ilia quarter andod June 3D, 2D2J riFeCt with lhc Date ‘Julv 19 2024 Chairman JtKX e^cJianges untfer Regulation 33 -of &EBI <listlr»g Obligations and olserosure fl«iuJriement5> n^gyiaiiortSj 2Qi5, as amended, The-‘yii format ol financial * 1 results are available on the stock exchange websilei jwww.rreeindia.com and wvjw.bselndla.com) and on tha Company^ wctHitE (www.paytm.com). ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 2. Thw .jboue Unaudiled Fi narccial Resurts have Been rawaEwed by line Audit Commiltee and approved by the Board of Directors of [ha Company in their respective mattings.nettle jyiy 19. 2024. refffW W^fl ^uti -ffiRP! 3’Tric S13’*”^111 deludes i hi^ for i he quartftf ended «ancn n, 20i4, being the balancing figure between audited ftgvnes- lh reject trie fun flriarelal year |jj^l^9UliU^|^l^^lj^j^|

j£imi^JMAt ^£|UkHf £023-24 and the published u nauprted -year to dale figures up to The third quarter of the respective financial years 202 3 -24 which were subfeel to limited review. ‘ \ ? for One Comrnunications Limited jWjjajjjjgjjijijj Place: Hoida Vijay Stiekhar Sharma 3 , ! Dale: Jujy 19,2024 Chairman, Managing Director and CEO iinancialexp.epapwA-—-1 BENGALURU

LOGO

EX-99.3

Exhibit 99.3

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

AS AT AND FOR THE THREE MONTHS ENDED JUNE 30, 2024

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

Notes As at March 31, 2024 As at June 30, 2024
Convenience translationinto US dollar in millions(unaudited) Refer toNote 2(iii)
ASSETS
Goodwill 6 316,002 316,054 3,793
Intangible assets 6 32,748 30,971 372
Property, plant and equipment 4 81,608 79,957 960
Right-of-Use<br>assets 5 17,955 19,233 231
Financial assets
Derivative assets 17 25 — —
Investments 7 21,629 21,262 255
Trade receivables 4,045 584 7
Other financial assets 10 5,550 5,290 63
Investments accounted for using the equity method 1,044 999 12
Deferred tax assets 1,817 1,752 21
Non-current tax assets 9,043 9,453 113
Other non-current assets 11 10,331 11,656 140
Total non-current assets **** 501,797 **** 497,211 **** 5,967
Inventories 8 907 912 11
Financial assets
Derivative assets 17 1,333 1,359 16
Investments 7 311,171 351,917 4,223
Cash and cash equivalents 9 96,953 98,304 1,180
Trade receivables 115,477 114,071 1,369
Unbilled receivables 58,345 61,720 741
Other financial assets 10 10,536 9,050 109
Contract assets 19,854 19,414 233
Current tax assets 6,484 6,031 72
Other current assets 11 29,602 30,827 370
Total current assets **** 650,662 **** 693,605 **** 8,324
TOTAL ASSETS **** 1,152,459 **** 1,190,816 **** 14,291
EQUITY
Share capital 10,450 10,460 126
Share premium 3,291 5,512 66
Retained earnings 630,936 661,495 7,938
Share-based payment reserve 6,384 5,498 66
Special Economic Zone re-investment reserve 42,129 41,602 499
Other components of equity 56,693 55,526 666
Equity attributable to the equity holders of the Company **** 749,883 **** 780,093 **** 9,361
Non-controlling interests 1,340 1,669 20
TOTAL EQUITY **** 751,223 **** 781,762 **** 9,381
LIABILITIES
Financial liabilities
Loans and borrowings 12 62,300 62,317 748
Lease liabilities 13,962 16,191 194
Derivative liabilities 17 4 — —
Other financial liabilities 14 4,985 5,747 69
Deferred tax liabilities 17,467 17,231 207
Non-current tax liabilities 37,090 37,238 447
Other non-current liabilities 15 12,970 13,879 167
Total non-current liabilities **** 148,778 **** 152,603 **** 1,832
Financial liabilities
Loans, borrowings and bank overdrafts 12 79,166 82,283 987
Lease liabilities 9,221 8,115 97
Derivative liabilities 17 558 141 2
Trade payables and accrued expenses 13 88,566 83,051 997
Other financial liabilities 14 2,272 2,825 34
Contract liabilities 17,653 17,541 211
Current tax liabilities 21,756 26,881 323
Other current liabilities 15 31,295 33,743 405
Provisions 16 1,971 1,871 22
Total current liabilities **** 252,458 **** 256,451 **** 3,078
TOTAL LIABILITIES **** 401,236 **** 409,054 **** 4,910
TOTAL EQUITY AND LIABILITIES **** 1,152,459 **** 1,190,816 **** 14,291

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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W—100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815
Bengaluru
July 19, 2024

1

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

Three months ended June 30,
Notes 2023 2024 2024
Conveniencetranslation intoUS dollar inmillions(unaudited)Refer to<br>Note 2(iii)
Revenues 20 228,310 219,638 2,636
Cost of revenues 21 (161,261 ) (153,306 ) (1,840 )
Gross profit **** 67,049 **** 66,332 **** 796
Selling and marketing expenses 21 (16,584 ) (15,844 ) (190 )
General and administrative expenses 21 (15,887 ) (14,213 ) (172 )
Foreign exchange gains/(losses), net 23 (62 ) (206 ) (2 )
Results from operating activities **** 34,516 **** 36,069 **** 432
Finance expenses 22 (3,086 ) (3,288 ) (39 )
Finance and other income 23 6,542 7,480 90
Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method 3 (45 ) (1 )
Profit before tax **** 37,975 **** 40,216 **** 482
Income tax expense 19 (9,115 ) (9,850 ) (118 )
Profit for the period **** 28,860 **** 30,366 **** 364
Profit attributable to:
Equity holders of the Company 28,701 30,032 360
Non-controlling interests 159 334 4
Profit for the period **** 28,860 **** 30,366 **** 364
Earnings per equity share: 24
Attributable to equity holders of the Company
Basic 5.23 5.75 0.07
Diluted 5.12 5.73 0.07
Weighted average number of equity shares used in computing earnings per equityshare
Basic 5,482,733,329 5,225,776,256 5,225,776,256
Diluted 5,600,307,315 5,236,768,113 5,236,768,113

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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W—100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815
Bengaluru
July 19, 2024

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

Three months ended June 30,
2023 2024 2024
Convenience translation into<br>US dollar in millions<br>(unaudited) Refer to<br>Note 2(iii)
Profit for the period **** 28,860 **** 30,366 **** 364
Other comprehensive income (OCI)
Items that will not be reclassified to profit or loss in subsequent periods
Remeasurements of the defined benefit plans, net (45 ) 58 1
Net change in fair value of investment in equity instruments measured at fair value through<br>OCI 16 (319 ) (4 )
**** (29 ) **** (261 ) **** (3 )
Items that will be reclassified to profit or loss in subsequent periods
Foreign currency translation differences (362 ) (1,399 ) (17 )
Reclassification of foreign currency translation differences on liquidation of subsidiaries to<br>statement of income 2 ^ ^
Net change in time value of option contracts designated as cash flow hedges, net of taxes 40 4 ^
Net change in intrinsic value of option contracts designated as cash flow hedges, net of<br>taxes 512 85 1
Net change in fair value of forward contracts designated as cash flow hedges, net of<br>taxes 1,648 218 3
Net change in fair value of investment in debt instruments measured at fair value through OCI, net<br>of taxes 1,039 184 2
**** 2,879 **** (908 ) **** (11 )
Total other comprehensive income, net of taxes 2,850 (1,169 ) (14 )
Total comprehensive income for the period **** 31,710 **** 29,197 **** 350
Total comprehensive income attributable to:
Equity holders of the Company 31,640 28,865 346
Non-controlling interests 70 332 4
**** 31,710 **** 29,197 **** 350
^ Value is less than 0.5

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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W—100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815
Bengaluru
July 19, 2024

3

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 ofshares^(1)^ Sharecapital,fullypaid-up Sharepremium Retainedearnings Share-basedpaymentreserve SpecialEconomicZonere-investmentreserve Foreigncurrencytranslationreserve^(2)^ Cashflowhedgingreserve^(3)^ Otherreserves^(2)^ Equityattributableto theequityholders oftheCompany Non-controllinginterests Totalequity
As at April 1, 2023 **** 5,487,917,741 **** 10,976 **** 3,689 **** 660,964 **** 5,632 **** 46,803 **** 43,255 **** (1,403 ) **** 11,248 **** 781,164 **** 589 **** 781,753
Comprehensive income for the period
Profit for the period — — — 28,701 — — — — — 28,701 159 28,860
Other comprehensive income — — — — — — (359 ) 2,200 1,098 2,939 (89 ) 2,850
Total comprehensive income for the period **** — **** — **** — **** 28,701 **** — **** **** — **** **** (359 ) **** 2,200 **** 1,098 **** 31,640 **** 70 **** 31,710
Issue of equity shares on exercise of options 924,252 2 466 — (466 ) — — — — **** 2 — **** 2
Issue of shares by controlled trust on exercise of options^(1)^ — — — 444 (444 ) — — — — **** — **** — **** — ****
Compensation cost related to employee share-based payment — — — 3 1,546 — — — — **** 1,549 — **** 1,549
Transferred from Special Economic Zone re-investment<br>reserve — — — 912 — (912 ) — — — **** — **** — **** — ****
Liability for Buyback of equity shares, including tax thereon — — — (144,978 ) — — — — — **** (144,978 ) — **** (144,978 )
Transaction cost related to Buyback — — — (348 ) — — — — — **** (348 ) — **** (348 )
Others — — — — — — — — — **** — **** (35 ) **** (35 )
Other transactions for the period **** 924,252 **** 2 **** 466 **** (143,967 ) **** 636 **** (912 ) **** — **** **** — **** **** — **** (143,775 ) **** (35 ) **** (143,810 )
As at June 30, 2023 **** 5,488,841,993 **** 10,978 **** 4,155 **** 545,698 **** 6,268 **** 45,891 **** 42,896 **** 797 **** 12,346 **** 669,029 **** 624 **** 669,653
^(1)^ Includes 8,607,941 treasury shares held as at June 30, 2023 by a controlled trust. 1,287,895 shares have<br>been transferred by the controlled trust to eligible employees on exercise of options during the three months ended June 30, 2023.
--- ---
^(2)^ Refer to Note 18
--- ---
^(3)^ Refer to Note 17
--- ---

4

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 ofshares^(1)^ Sharecapital,fullypaid-up Sharepremium Retainedearnings Share-basedpaymentreserve SpecialEconomicZonere-investmentreserve Foreigncurrencytranslationreserve^(2)^ Cashflowhedgingreserve^(3)^ Otherreserves^(2)^ Equityattributableto theequityholders oftheCompany Non-controllinginterests Totalequity
As at April 1, 2024 **** 5,225,138,246 **** 10,450 **** 3,291 **** 630,936 **** 6,384 **** 42,129 **** 47,261 **** 578 **** 8,854 **** 749,883 **** 1,340 **** 751,223
Comprehensive income for the period
Profit for the period — — — 30,032 — — — — — 30,032 334 30,366
Other comprehensive income — — — — — — (1,398 ) 307 (76 ) (1,167 ) (2 ) (1,169 )
Total comprehensive income for the period **** — **** — **** — **** 30,032 **** — **** **** — **** **** (1,398 ) **** 307 **** (76 ) **** 28,865 **** 332 **** 29,197
Issue of equity shares on exercise of options 5,025,959 10 2,221 — (2,221 ) — — — — **** 10 — **** 10
Compensation cost related to employee share-based payment — — — — 1,335 — — — — **** 1,335 — **** 1,335
Transferred from Special Economic Zone re-investment<br>reserve — — — 527 — (527 ) — — — **** — **** — **** — ****
Others — — — — — — — — — **** — **** (3 ) **** (3 )
Other transactions for the period **** 5,025,959 **** 10 **** 2,221 **** 527 **** (886 ) **** (527 ) **** — **** **** — **** — **** **** 1,345 **** (3 ) **** 1,342
As at June 30, 2024 **** 5,230,164,205 **** 10,460 **** 5,512 **** 661,495 **** 5,498 **** 41,602 **** 45,863 **** 885 **** 8,778 **** 780,093 **** 1,669 **** 781,762
Convenience translation into US dollar in millions (unaudited) Refer to Note2(iii) **** 126 **** 66 **** 7,938 **** 66 **** 499 **** 550 **** 11 **** 105 **** 9,361 **** 20 **** 9,381
^(1)^ Includes 5,952,740 treasury shares held as at June 30, 2024 by a controlled trust.
--- ---
^(2)^ Refer to Note 18
--- ---
^(3)^ Refer to Note 17
--- ---

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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W—100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815
Bengaluru
July 19, 2024

5

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

Three months ended June 30,
2023 2024 2024
Convenience<br>translation into US<br>dollar in millions<br>(unaudited) Refer to<br>Note 2(iii)
Cash flows from operating activities
Profit for the period 28,860 30,366 364
Adjustments to reconcile profit for the period to net cash generated from operatingactivities:
(Gain)/loss on sale of property, plant and equipment, net 78 (23 ) ^
Depreciation, amortization and impairment expense 7,380 7,289 87
Unrealized exchange (gain)/loss, net and exchange (gain)/loss on borrowings (226 ) 92 1
Share-based compensation expense 1,546 1,335 16
Share of net (profit)/loss of associate and joint venture accounted for using equity<br>method (3 ) 45 1
Income tax expense 9,115 9,850 118
Finance and other income, net of finance expenses (3,456 ) (4,192 ) (50 )
Change in fair value of contingent consideration (16 ) — —
Lifetime expected credit loss/ (write-back) 300 (26 ) ^
Changes in operating assets and liabilities, net of effects from acquisitions
(Increase)/Decrease in trade receivables 11,633 4,529 54
(Increase)/Decrease in unbilled receivables and contract assets (6,047 ) (3,208 ) (38 )
(Increase)/Decrease in Inventories (182 ) (6 ) ^
(Increase)/Decrease in other assets 5,292 140 ^
Increase/(Decrease) in trade payables, accrued expenses, other liabilities and provisions (8,052 ) (1,039 ) (12 )
Increase/(Decrease) in contract liabilities (3,072 ) (73 ) (1 )
Cash generated from operating activities before taxes **** 43,150 **** 45,079 **** 540
Income taxes paid, net (5,637 ) (5,120 ) (61 )
Net cash generated from operating activities **** 37,513 **** 39,959 **** 479
Cash flows from investing activities:
Payment for purchase of property, plant and equipment (2,209 ) (2,619 ) (31 )
Proceeds from disposal of property, plant and equipment, including advances 1,030 36 ^
Payment for purchase of investments (269,072 ) (197,618 ) (2,372 )
Proceeds from sale of investments 239,800 157,683 1,892
Payment into escrow and term deposits pertaining to Buyback (15,230 ) — —
Interest received 6,869 6,468 78
Dividend received 1 — —
Net cash used in investing activities **** (38,811 ) **** (36,050 ) **** (433 )
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment 2 10 ^
Repayment of loans and borrowings (15,000 ) (20,750 ) (249 )
Proceeds from loans and borrowings 15,000 23,750 285
Payment of lease liabilities (2,399 ) (2,547 ) (31 )
Payment for contingent consideration (1,286 ) — —
Interest and finance expenses paid (2,626 ) (2,247 ) (27 )
Payment for transaction costs related to Buyback (201 ) — —
Net cash used in financing activities **** (6,510 ) **** (1,784 ) **** (22 )
Net increase/(decrease) in cash and cash equivalents during the period (7,808 ) 2,125 26
Effect of exchange rate changes on cash and cash equivalents (461 ) (792 ) (10 )
Cash and cash equivalents at the beginning of the period 91,861 96,951 1,163
Cash and cash equivalents at the end of the period (Note 9) **** 83,592 **** 98,284 **** 1,179
^ Value is less than 0.5

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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W—100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815
Bengaluru
July 19, 2024

6

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(₹inmillions, 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, “we”, “us”, “our”, “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. The Company has its primary listing with BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depository Shares (“ADS”) representing equity shares are also listed on the New York Stock Exchange.

The Company’s Board of Directors authorized these interim condensed consolidated financial statements for issue on July 19, 2024.

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 compliance with IAS 34, “Interim Financial Reporting”, 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, 2024. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards and its interpretations (“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 interim condensed consolidated statements of income, interim condensed consolidated statements of comprehensive income and interim condensed consolidated statements of financial position. These items are disaggregated separately in the notes to the interim condensed consolidated financial statements, where applicable. The accounting policies have been consistently applied to all periods presented in these interim condensed consolidated financial statements except for new accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2024.

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. Previous period figures have been regrouped/rearranged, wherever necessary.

(ii) Basis of measurement

These 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 liability/(asset) is recognized as the present value of defined benefit obligation less<br>fair value of plan assets; and
--- ---
d. Contingent consideration and liability on written put options.
--- ---

(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 ended June 30, 2024, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ 83.33 as published by Federal Reserve Board of Governors on June 30, 2024. 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 the management to make judgments, accounting estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Accounting estimates are monetary amounts in the interim condensed consolidated financial statements that are subject to measurement uncertainty. An accounting policy may require items in the interim condensed consolidated financial statements to be measured at monetary amounts that cannot be observed directly and must instead be estimated. In such a case, management develops an accounting estimate to achieve the objective set out by the accounting policy. Developing accounting estimates involves the use of judgements or assumptions based on the latest available and reliable information. Actual results may differ from those accounting estimates.

7

Accounting estimates and underlying assumptions are reviewed on an ongoing basis. Changes to accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. In particular, information about material areas of estimation, uncertainty and critical judgments in applying accounting policies that have material 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 service promised<br>to a customer is capable of being distinct, and is distinct in the context of the contract, if not, the promised product or service is combined and accounted as a single performance obligation. Revenue is recognized upon transfer of control of<br>promised products or services to customers in an amount that reflects the consideration the Company expects to receive (the “Transaction Price”). The Company allocates the Transaction Price to separately identifiable performance obligation<br>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 margin approach in estimating the stand-alone selling price. The<br>Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts. Percentage of completion method accounting relies on estimates of total expected<br>contract revenue and costs. This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to complete<br>include estimates of future labor costs and productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, revenue recognized, profit and timing of<br>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 provided for in the period in which the loss becomes probable. Volume<br>discounts are recorded as a reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer.
b) Impairment testing: Goodwill recognized on business combination is tested for impairment at least<br>annually and when events occur or changes in circumstances indicate that the recoverable amount of goodwill or a cash generating unit to which goodwill pertains, is less than the carrying value. The Company assesses acquired intangible assets with<br>finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of an asset or a cash generating unit involves use of significant estimates and assumptions which include turnover, growth<br>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 resolved over extended time periods.

Deferred tax is recorded on temporary differences between the tax bases of assets and liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carry-forwards become deductible. The Company considers expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of deferred tax assets considered realizable, however, could reduce in the near term if estimates of future taxable income during the carry-forward period are reduced.

d) Business combinations: In accounting for business combinations, judgment is required to assess whether<br>an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired (including useful life estimates), liabilities assumed, 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.
e) 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.
--- ---
f) Expected credit losses on financial assets: The impairment provisions of financial assets are based on<br>assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the expected credit loss calculation based on the Company’s history of collections,<br>customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.
--- ---
g) 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 lives<br>are 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.
--- ---
h) 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.
--- ---

8

i) Provisions and contingent liabilities: The Company estimates the provisions that have present<br>obligations as a result of past events and it is probable that outflow of resources will be required to settle the obligations. These provisions are reviewed at the end of each reporting date and are adjusted to reflect the current best estimates.<br>

The Company uses significant judgement to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent assets are neither recognized nor disclosed in the financial statements.

3. Material accounting policy information

Please refer to the Company’s Annual report for the year ended March 31, 2024, for a discussion of the Company’s other material accounting policy information except for new accounting standards, amendments and interpretations adopted by the Company effective on or after April 1, 2024.

i. New amendments not yet adopted:

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2024 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 interim condensed consolidated financial statements of the Company are:

Amendments to IAS 21 – The Effects of Changes in Foreign Exchange Rates

On August 15, 2023, IASB issued ‘Lack of Exchangeability (Amendments to IAS 21)’ that clarifies how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking, as well as require the disclosure of information that enables users of financial statements to understand the impact of a currency not being exchangeable. These amendments are effective for annual reporting periods beginning on or after January 1, 2025, with earlier application permitted. The adoption of amendments to IAS 21 is not expected to have any material impact on the interim condensed consolidated financial statements.

IFRS 18 – Presentation and Disclosure in Financial Statements

On April 9, 2024, IASB issued IFRS 18 ‘Presentation and Disclosure in Financial Statements’ which supersedes IAS 1 ‘Presentation of Financial Statements’, aimed at improving comparability and transparency of communication in financial statements. IFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations. These categories are complemented by the requirement to present specified totals and subtotals for ‘operating profit or loss’, ‘profit or loss before financing and income taxes’ and ‘profit or loss’. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financials information based on the identified ‘roles’ of the primary financial statements and the notes.

Consequent to above, a narrow-scope amendments have been made to IAS 7 ‘Statement of Cash Flows’, which include changing the starting point for determining cash flows from operations under the indirect method from ‘profit or loss’ to ‘operating profit or loss’. Further, some requirements previously included within IAS 1 have been moved to IAS 8 ‘Accounting Policies, Changes in Accounting Estimates and Errors’ which has also been renamed IAS 8 ‘Basis of Preparation of Financial Statements’. IAS 34 ‘ Interim Financial Reporting’ was amended to require disclosure of management defined performance measures. Minor consequential amendments to other standards were also made.

An entity that prepares condensed interim financial statements in accordance with IAS 34 in the first year of adoption of IFRS 18, must present the heading and mandatory subtotals it expects to use in its annual financial statement. Comparative period in both the interim and annual financial statements will need to be restated and a reconciliation of the statement of profit or loss previously published will be required for the immediately preceding comparative period. IFRS 18 and the amendments to the other standards, is effective for reporting period beginning on or after January 1, 2027 and are to be applied retrospectively, with earlier application permitted.

The Company is currently assessing the impact of adopting IFRS 18 and the amendments to other standards, on the interim condensed consolidated financial statements.

9

IFRS 19 – Subsidiaries without Public Accountability: Disclosures

On May 9, 2024, IASB issued IFRS 19 ‘Subsidiaries without Public accountability: Disclosures’ which specifies the disclosure requirements an entity is permitted to apply instead of the disclosure requirements in other IFRS Accounting Standards. The standard allows a subsidiary which does not have public accountability and has an ultimate or intermediate parent that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards, to elect IFRS 19. The Company is currently assessing the impact of adopting IFRS 19 on the interim condensed consolidated financial statements.

Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments

On May 30, 2024, IASB issued ‘Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)’ to address matters identified during the post-implementation review of IFRS 9. The amendments relate to derecognition of a financial liability settled through electronic transfer, classification of financial assets and disclosures of certain financial assets and financial liabilities. These amendments are effective for annual reporting periods beginning on or after January 1, 2026, with earlier application permitted. The Company is currently assessing the impact of adopting these amendments on the interim condensed consolidated financial statements.

10

4. Property, plant and equipment

Land Buildings Plant andequipment ^(1)^ Furniture andfixtures Officeequipment Vehicles Total
Gross carrying value:
As at April 1, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357
Additions — 97 1,176 446 60 1 1,780
Disposals — (1 ) (3,661 ) (38 ) (1 ) — (3,701 )
Translation adjustment (1 ) 26 (16 ) (6 ) (14 ) 1 (10 )
As at June 30, 2023 ₹ 4,859 **** ₹ 47,822 **** ₹ 115,231 **** ₹ 18,488 **** ₹ 7,863 **** ₹ 163 **** ₹ 194,426 ****
Accumulated depreciation/ impairment:
As at April 1, 2023 ₹ — ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021
Depreciation and impairment — 358 2,993 532 162 2 4,047
Disposals — (1 ) (3,312 ) (26 ) (1 ) — (3,340 )
Translation adjustment — 13 (14 ) — (9 ) 1 (9 )
As at June 30, 2023 ₹ — **** ₹ 11,297 **** ₹ 85,168 **** ₹ 12,026 **** ₹ 6,080 **** ₹ 148 **** ₹ 114,719 ****
Net carrying value as at June 30, 2023 ₹ 4,859 **** ₹ 36,525 **** ₹ 30,063 **** ₹ 6,462 **** ₹ 1,783 **** ₹ 15 **** ₹ 79,707 ****
Capital work-in-progress ₹ 6,757
Net carrying value including Capital work-in-progress as at June 30,2023 ₹ 86,464
Gross carrying value:
As at April 1, 2023 ₹ 4,860 ₹ 47,700 ₹ 117,732 ₹ 18,086 ₹ 7,818 ₹ 161 ₹ 196,357
Additions — 428 6,975 1,716 354 3 9,476
Additions through Business combinations — — 373 — 1 — 374
Disposals (486 ) (1,174 ) (22,815 ) (1,586 ) (663 ) (131 ) (26,855 )
Translation adjustment 1 70 248 17 4 1 341
As at March 31, 2024 ₹ 4,375 **** ₹ 47,024 **** ₹ 102,513 **** ₹ 18,233 **** ₹ 7,514 **** ₹ 34 **** ₹ 179,693 ****
Accumulated depreciation/ impairment:
As at April 1, 2023 ₹ — ₹ 10,927 ₹ 85,501 ₹ 11,520 ₹ 5,928 ₹ 145 ₹ 114,021
Depreciation and impairment — 1,490 11,856 2,193 638 7 16,184
Disposals — (683 ) (22,019 ) (1,444 ) (639 ) (130 ) (24,915 )
Translation adjustment — 41 211 18 5 ^ 275
As at March 31, 2024 ₹ — **** ₹ 11,775 **** ₹ 75,549 **** ₹ 12,287 **** ₹ 5,932 **** ₹ 22 **** ₹ 105,565 ****
Net carrying value as at March 31, 2024 ₹ 4,375 **** ₹ 35,249 **** ₹ 26,964 **** ₹ 5,946 **** ₹ 1,582 **** ₹ 12 **** ₹ 74,128 ****
Capital work-in-progress ₹ 7,480
Net carrying value including Capital work-in-progress as at March 31,2024 **** ₹ 81,608 ****
Gross carrying value:
As at April 1, 2024 ₹ 4,375 ₹ 47,024 ₹ 102,513 ₹ 18,233 ₹ 7,514 ₹ 34 ₹ 179,693
Additions — — 1,190 187 41 4 1,422
Disposals — (9 ) (2,199 ) (119 ) (89 ) ^ (2,416 )
Translation adjustment (1 ) (65 ) (403 ) (51 ) (30 ) (1 ) (551 )
As at June 30, 2024 ₹ 4,374 **** ₹ 46,950 **** ₹ 101,101 **** ₹ 18,250 **** ₹ 7,436 **** ₹ 37 **** ₹ 178,148 ****
Accumulated depreciation/ impairment:
As at April 1, 2024 ₹ — ₹ 11,775 ₹ 75,549 ₹ 12,287 ₹ 5,932 ₹ 22 ₹ 105,565
Depreciation and impairment — 380 2,937 542 148 1 4,008
Disposals — (7 ) (2,151 ) (103 ) (75 ) ^ (2,336 )
Translation adjustment — (48 ) (329 ) (29 ) (23 ) (1 ) (430 )
As at June 30, 2024 ₹ — **** ₹ 12,100 **** ₹ 76,006 **** ₹ 12,697 **** ₹ 5,982 **** ₹ 22 **** ₹ 106,807 ****
Net carrying value as at June 30, 2024 ₹ 4,374 ₹ 34,850 ₹ 25,095 ₹ 5,553 ₹ 1,454 ₹ 15 ₹ 71,341
Capital work-in-progress ₹ 8,616
Net carrying value including Capital work-in-progress as at June 30,2024 **** ₹ 79,957 ****
^ Value is less than 0.5 ****
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^(1)^ Including net carrying value of computer equipment and software amounting to ₹ 20,495, ₹ 17,553 and<br>₹ 15,907, as at June 30, 2023, March 31, 2024 and June 30, 2024, respectively.
--- ---

11

5. Right-of-Use assets

Category of Right-of-Use asset
Land Buildings Plant andequipment^(1)^ Vehicles Total
Gross carrying value:
As at April 1, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669
Additions — 1,520 — 64 1,584
Disposals — (934 ) (367 ) (42 ) (1,343 )
Translation adjustment — (20 ) 6 (3 ) (17 )
As at June 30, 2023 ₹ 1,278 ₹ 28,512 ₹ 2,219 ₹ 884 ₹ 32,893
Accumulated depreciation:
As at April 1, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967
Depreciation 5 1,361 109 48 1,523
Disposals — (706 ) (292 ) (35 ) (1,033 )
Translation adjustment — (10 ) — (2 ) (12 )
As at June 30, 2023 ₹ 82 ₹ 12,772 ₹ 1,009 ₹ 582 ₹ 14,445
Net carrying value as at June 30, 2023 ₹ 1,196 ₹ 15,740 ₹ 1,210 ₹ 302 ₹ 18,448
Gross carrying value:
As at April 1, 2023 ₹ 1,278 ₹ 27,946 ₹ 2,580 ₹ 865 ₹ 32,669
Additions 65 6,505 264 251 7,085
Additions through Business combination — 33 — — 33
Disposals — (6,203 ) (636 ) (271 ) (7,110 )
Translation adjustment — 172 34 4 210
As at March 31, 2024 ₹ 1,343 ₹ **** 28,453 **** ₹ 2,242 ₹ 849 ₹ 32,887
Accumulated depreciation:
As at April 1, 2023 ₹ 77 ₹ 12,127 ₹ 1,192 ₹ 571 ₹ 13,967
Depreciation 21 5,485 444 181 6,131
Disposals — (4,439 ) (561 ) (244 ) (5,244 )
Translation adjustment — 64 11 3 78
As at March 31, 2024 ₹ 98 ₹ 13,237 ₹ 1,086 ₹ 511 ₹ 14,932
Net carrying value as at March 31, 2024 ₹ 1,245 ₹ 15,216 ₹ 1,156 ₹ 338 ₹ 17,955
Gross carrying value:
As at April 1, 2024 ₹ 1,343 ₹ 28,453 ₹ 2,242 ₹ 849 ₹ 32,887
Additions — 3,192 — 34 3,226
Disposals — (1,648 ) (2 ) (44 ) (1,694 )
Translation adjustment — (222 ) (4 ) (7 ) (233 )
As at June 30, 2024 ₹ 1,343 ₹ 29,775 ₹ 2,236 ₹ 832 ₹ 34,186
Accumulated depreciation:
As at April 1, 2024 ₹ 98 ₹ 13,237 ₹ 1,086 ₹ 511 ₹ 14,932
Depreciation 5 1,340 112 42 1,499
Disposals — (1,328 ) (2 ) (43 ) (1,373 )
Translation adjustment — (97 ) (4 ) (4 ) (105 )
As at June 30, 2024 ₹ 103 ₹ 13,152 ₹ 1,192 ₹ 506 ₹ 14,953
Net carrying value as at June 30, 2024 ₹ 1,240 ₹ 16,623 ₹ 1,044 ₹ 326 ₹ 19,233
^(1)^ Including net carrying value of computer equipment amounting to ₹ 4, ₹ 2 and ₹ 2 as at June 30,<br>2023, March 31, 2024 and June 30, 2024, respectively.
--- ---

6. Goodwill and intangible assets

The movement in goodwill balance is given below:

As at
March 31, 2024 June 30, 2024
Balance at the beginning of the period ₹ 307,970 ₹ 316,002
Translation adjustment 4,206 52
Acquisition through Business<br>combinations^(1)^ 4,314 —
Disposals (488 ) —
Balance at the end of the period ₹ 316,002 ₹ 316,054
^(1)^ Acquisition through business combination for the year ended March 31, 2024 is after considering the impact<br>of ₹ (503) towards measurement period changes in purchase price allocation of acquisitions made during the year ended March 31, 2023.
--- ---

12

The movement in intangible assets is given below:

Intangible assets
Customer-related Marketing-related Total
Gross carrying value:
As at April 1, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737
Translation adjustment (98 ) (25 ) (123 )
As at June 30, 2023 ₹ 49,715 ₹ 11,899 ₹ 61,614
Accumulated amortization/ impairment:
As at April 1, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692
Amortization and impairment 1,420 390 1,810
Translation adjustment (34 ) (9 ) (43 )
As at June 30, 2023 ₹ 16,803 ₹ 3,656 ₹ 20,459
Net carrying value as at June 30, 2023 ₹ 32,912 ₹ 8,243 ₹ 41,155
Gross carrying value:
As at April 1, 2023 ₹ 49,813 ₹ 11,924 ₹ 61,737
Acquisition through Business combination 556 390 946
Deductions/adjustments (7,306 ) (505 ) (7,811 )
Translation adjustment 609 163 772
As at March 31, 2024 ₹ 43,672 ₹ 11,972 ₹ 55,644
Accumulated amortization/ impairment:
As at April 1, 2023 ₹ 15,417 ₹ 3,275 ₹ 18,692
Amortization and impairment^(1)(2)^ 9,961 1,795 11,756
Deductions/adjustments (7,306 ) (505 ) (7,811 )
Translation adjustment 209 50 259
As at March 31, 2024 ₹ 18,281 ₹ 4,615 ₹ 22,896
Net carrying value as at March 31, 2024 ₹ 25,391 ₹ 7,357 ₹ 32,748
Gross carrying value:
As at April 1, 2024 ₹ 43,672 ₹ 11,972 ₹ 55,644
Deductions/adjustments — (125 ) (125 )
Translation adjustment 30 8 38
As at June 30, 2024 ₹ 43,702 ₹ 11,855 ₹ 55,557
Accumulated amortization/ impairment:
As at April 1, 2024 ₹ 18,281 ₹ 4,615 ₹ 22,896
Amortization and impairment 1,386 396 1,782
Deductions/adjustments — (125 ) (125 )
Translation adjustment 25 8 33
As at June 30, 2024 ₹ 19,692 ₹ 4,894 ₹ 24,586
Net carrying value as at June 30, 2024 ₹ 24,010 ₹ 6,961 ₹ 30,971
^(1)^ During the year ended March 31, 2024, a decline in the revenue and earnings estimates led to revision of<br>recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of ₹ 1,701 for the year ended March 31, 2024, as part of amortization and impairment.
--- ---
^(2)^ Due to change in our estimate of useful life of customer-related intangibles in an earlier business<br>combination, the Company has recognized additional amortization charge of ₹ 2,807 for the year ended March 31, 2024, as part of amortization and impairment.<br>
--- ---

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

13

7. Investments

As at
March 31, 2024 June 30, 2024
Non-current
Financial instruments at FVTPL
Equity instruments^(1)^ ₹ 4,404 ₹ 4,354
Fixed maturity plan mutual funds 1,395 1,136
Financial instruments at FVTOCI
Equity instruments^(1)^ 15,830 15,772
Financial instruments at amortized cost
Inter corporate and term deposits ^ ^
₹ 21,629 ₹ 21,262
Current
Financial instruments at FVTPL
Short-term mutual funds^(2)^ ₹ 71,686 ₹ 100,056
Fixed maturity plan mutual funds — 285
Financial instruments at FVTOCI
Non-convertible debentures 154,407 177,004
Government securities 7,030 7,078
Commercial papers 11,845 7,195
Bonds 28,195 23,787
Financial instruments at amortized cost
Inter corporate and term<br>deposits^(3)^ 38,008 36,512
₹ 311,171 ₹ 351,917
₹ 332,800 ₹ 373,179
Financial instruments at FVTPL ₹ 77,485 ₹ 105,831
Financial instruments at FVTOCI 217,307 230,836
Financial instruments at amortized cost 38,008 36,512
^ Value is less than 0.5
--- ---
^(1)^ Uncalled capital commitments outstanding as at March 31, 2024 and June 30, 2024, was ₹ 1,450 and ₹ 1,934, respectively.
--- ---
^(2)^ As at March 31, 2024 and June 30, 2024, short-term mutual funds include units lien with bank on<br>account of margin money for currency derivatives amounting to ₹ 218 and<br>₹ 222, respectively.
--- ---
^(3)^ These deposits earn a fixed rate of interest. As at March 31, 2024 and June 30, 2024, term deposits<br>include current deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 117 and ₹ 73, respectively.
--- ---

8. Inventories

As at
March 31, 2024 June 30, 2024
Stores and spare parts ₹ 27 ₹ 30
Traded goods 880 882
₹ 907 ₹ 912

9. Cash and cash equivalents

As at
March 31,2024 June 30,2024
Cash and bank balances ₹ 60,648 ₹ 62,681
Demand deposits with banks^(1)^ 36,305 35,623
₹ 96,953 ₹ 98,304
^(1)^ 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 statement of cash flows:

As at
June 30, 2023 June 30, 2024
Cash and cash equivalents ₹ 83,616 ₹ 98,304
Bank overdrafts (24 ) (20 )
₹ 83,592 ₹ 98,284

14

10. Other financial assets

As at
March 31,2024 June 30,2024
Non-current
Security deposits ₹ 1,221 ₹ 1,346
Finance lease receivables 4,270 3,911
Dues from officers and employees 59 33
₹ 5,550 ₹ 5,290
Current
Security deposits ₹ 2,035 ₹ 1,921
Dues from officers and employees 596 547
Interest receivables 230 576
Finance lease receivables 5,307 5,314
Others 2,368 692
₹ 10,536 ₹ 9,050
₹ 16,086 ₹ 14,340

11. Other assets

As at
March 31, 2024 June 30, 2024
Non-current
Prepaid expenses ₹ 3,424 ₹ 2,863
Costs to obtain contract^(1)^ 2,324 4,149
Costs to fulfil contract^(2)^ 205 190
Others 4,378 4,454
₹ 10,331 ₹ 11,656
Current
Prepaid expenses ₹ 17,574 ₹ 18,809
Dues from officers and employees 343 464
Advance to suppliers 3,267 1,806
Balance with GST and other authorities 6,029 6,196
Costs to obtain contract^(1)^ 867 1,794
Costs to fulfil contract^(2)^ 60 60
Others 1,462 1,698
₹ 29,602 ₹ 30,827
₹ 39,933 ₹ 42,483
^(1)^ Costs to obtain contract amortization of<br>₹ 328 and ₹ 264 during the three months ended June 30, 2023 and 2024<br>respectively.
--- ---
^(2)^ Costs to fulfil contract amortization of<br>₹ 15 and ₹ 15 during the three months ended June 30, 2023 and 2024<br>respectively.
--- ---

12. Loans, borrowings and bank overdrafts

As at
March 31, 2024 June 30, 2024
Non-current
Unsecured Notes 2026 ^(1)^ ₹ 62,300 ₹ 62,317
₹ 62,300 ₹ 62,317
Current
Borrowings from banks ₹ 79,164 ₹ 82,263
Bank overdrafts 2 20
₹ 79,166 ₹ 82,283
₹ 141,466 ₹ 144,600
^(1)^ On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$<br>750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50% per annum and will mature on June 23, 2026. Interest on the Notes is payable semi-annually on June 23 and December 23 of each<br>year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST).
--- ---

13. Trade payables and accrued expenses

As at
March 31, 2024 June 30, 2024
Trade payables ₹ 23,275 ₹ 22,203
Accrued expenses 65,291 60,848
₹ 88,566 ₹ 83,051

15

14. Other financial liabilities

As at
March31,2024 June30,2024
Non-current
Contingent consideration (Refer to Note 17) ₹ 429 ₹ —
Liability on written put options to non-controlling interests (Refer to Note 17) 4,303 4,366
Deposits and others 253 1,381
₹ 4,985 ₹ 5,747
Current
Contingent consideration (Refer to Note 17) ₹ — ₹ 434
Advance from customers 598 357
Cash settled ADS RSUs 3 —
Capital creditors 333 287
Deposits and others 1,338 1,747
₹ 2,272 ₹ 2,825
₹ 7,257 ₹ 8,572

15. Other liabilities

As at
March31, 2024 June 30,2024
Non-current
Employee benefits obligations ₹ 4,219 ₹ 4,248
Others 8,751 9,631
₹ 12,970 ₹ 13,879
Current
Employee benefits obligations ₹ 16,057 ₹ 17,471
Statutory and other liabilities 13,275 14,050
Advance from customers 1,192 1,451
Others 771 771
₹ 31,295 ₹ 33,743
₹ 44,265 ₹ 47,622

16. Provisions

As at
March 31, 2024 June 30, 2024
Current
Provision for onerous contracts ₹ 1,599 ₹ 1,517
Provision for warranty 217 200
Others 155 154
₹ 1,971 ₹ 1,871
₹ 1,971 ₹ 1,871
17. Financial instruments
--- ---

The carrying value of financial instruments by categories as at March 31, 2024 is as follows:

Fair valuethrough profitor loss Fair value through othercomprehensive income Amortized cost Total
Mandatory Designatedupon initialrecognition
Financial Assets:
Cash and cash equivalents (Refer to Note 9) ₹ — ₹ — ₹ — ₹ 96,953 ₹ 96,953
Investments (Refer to Note 7)
Equity Instruments 4,404 — 15,830 — 20,234
Fixed maturity plan mutual funds 1,395 — — — 1,395
Short-term mutual funds 71,686 — — — 71,686
Non-convertible debentures — 154,407 — — 154,407
Government securities — 7,030 — — 7,030
Commercial papers — 11,845 — — 11,845
Bonds — 28,195 — — 28,195
Inter corporate and term deposits — — — 38,008 38,008
Other financial assets
Trade receivables — — — 119,522 119,522
Unbilled receivables — — — 58,345 58,345
Other financial assets (Refer to Note 10) — — — 16,086 16,086
Derivative assets (Refer to Note 17) 390 — 968 — 1,358
₹ 77,875 ₹ 201,477 ₹ 16,798 ₹ 328,914 ₹ 625,064

16

Financial Liabilities:
Trade payables and other liabilities
Trade payables and accrued expenses (Refer to Note 13) ₹ — ₹ — ₹ — ₹ 88,566 ₹ 88,566
Other financial liabilities (Refer to Note 14) — — — 7,257 7,257
Loans, borrowings and bank overdrafts (Refer to Note 12) — — — 141,466 141,466
Lease liabilities — — — 23,183 23,183
Derivative liabilities (Refer to Note 17) 329 — 233 — 562
₹ 329 ₹ — ₹ 233 ₹ 260,472 ₹ 261,034

The carrying value of financial instruments by categories as at June 30, 2024 is as follows:

Fair valuethrough profitor loss Fair value through othercomprehensive income Amortizedcost Total
Mandatory Designatedupon initialrecognition
Financial Assets:
Cash and cash equivalents (Refer to Note 9) ₹ — ₹ — ₹ — ₹ 98,304 ₹ 98,304
Investments (Refer to Note 7)
Equity Instruments 4,354 — 15,772 — 20,126
Fixed maturity plan mutual funds 1,421 — — — 1,421
Short-term mutual funds 100,056 — — — 100,056
Non-convertible debentures — 177,004 — — 177,004
Government securities — 7,078 — — 7,078
Commercial papers — 7,195 — — 7,195
Bonds — 23,787 — — 23,787
Inter corporate and term deposits — — — 36,512 36,512
Other financial assets
Trade receivables — — — 114,655 114,655
Unbilled receivables — — — 61,720 61,720
Other financial assets (Refer to Note 10) — — — 14,340 14,340
Derivative assets (Refer to Note 17) 124 — 1,235 — 1,359
₹ 105,955 ₹ 215,064 ₹ 17,007 ₹ 325,531 ₹ 663,557
Financial Liabilities:
Trade payables and other liabilities
Trade payables and accrued expenses (Refer to Note 13) ₹ — ₹ — ₹ — ₹ 83,051 ₹ 83,051
Other financial liabilities (Refer to Note 14) — — — 8,572 8,572
Loans, borrowings and bank overdrafts (Refer to Note 12) — — — 144,600 144,600
Lease liabilities — — — 24,306 24,306
Derivative liabilities (Refer to Note 17) 98 — 43 — 141
₹ 98 ₹ — ₹ 43 ₹ 260,529 ₹ 260,670

Fair value:

Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances, eligible current and non-current assets, loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, and eligible current liabilities and non-current liabilities.

The fair value of cash and cash equivalents, trade receivables, unbilled receivables, short-term loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. Finance lease receivables are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated credit losses on these receivables. As at March 31, 2024 and June 30, 2024, the carrying value of such financial assets, net of allowances, and liabilities, approximates the fair value.

The Company’s Unsecured Notes 2026 are contracted at fixed coupon rate of 1.50% and market yield of Unsecured Notes 2026 as of June 30, 2024 is 5.38%

Investments in short-term mutual funds and fixed maturity plan 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 non-convertible debentures, government securities, commercial papers, certificate of deposit 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 or FVTPL is determined using market approach primarily based on market multiples method.

The fair value of derivative financial instruments is determined based on observable market inputs including currency spot and forward rates, yield curves and currency volatility.

17

Fair value hierarchy

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

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

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

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

There were no transfer between Level 1, 2 and 3 during the year ended March 31, 2024 and three months ended June 30, 2024.

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

As at
March 31, 2024 June 30, 2024
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 ₹ 968 ₹ — ₹ 968 ₹ — ₹ 1,235 ₹ — ₹ 1,235 ₹ —
Others **** 390 — 390 — **** 124 — 124 —
Investments:
Short-term mutual funds **** 71,686 71,686 — — **** 100,056 100,056 — —
Fixed maturity plan mutual funds **** 1,395 — 1,395 — **** 1,421 — 1,421 —
Equity instruments **** 20,234 108 — 20,126 **** 20,126 109 — 20,017
Non-convertible debentures, government securities,<br>commercial papers, certificate of deposit and bonds **** 201,477 1,282 200,195 — **** 215,064 1,266 213,798 —
Liabilities
Derivative instruments:
Cash flow hedges ₹ (233 ) ₹ — ₹ (233 ) ₹ — ₹ (43 ) ₹ — ₹ (43 ) ₹ —
Others **** (329 ) — (329 ) — **** (98 ) — (98 ) —
Liability on written put options to non-controlling<br>interests **** (4,303 ) — — (4,303 ) **** (4,366 ) — — (4,366 )
Contingent consideration **** (429 ) — — (429 ) **** (434 ) — — (434 )

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

Financial instrument Method and assumptions
Derivative instruments (assets and liabilities) The Company enters into derivative financial instruments with various counterparties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly<br>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<br>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 June 30, 2024, the changes in<br>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 non-convertible debentures, government securities, 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.
Investment in fixed maturity plan mutual funds Fair value of these instruments is derived based on the indicative quotes of price prevailing in the market as at reporting date.

18

The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table.

Financial instrument Method and assumptions
Investment in equity instruments Fair value of these instruments is determined using market approach primarily based on market multiples method.
Contingent consideration and liability on written put options to non-controlling interest **** Fair value of these instruments is determined using valuation techniques which includes inputs relating to risk-adjusted revenue and operating profit forecast.

The following table presents changes in Level 3 assets and liabilities for the year ended March 31, 2024 andthree months ended June 30, 2024:

As at
Investment in equity instruments March 31, 2024 June 30, 2024
Balance at the beginning of the period ₹ 19,321 ₹ 20,126
Additions 1,277 412
Disposals^(1) (2)^ (416 ) (210 )
Gain/(loss) recognized in consolidated statement of income (136 ) 11
Gain/(loss) recognized in other comprehensive income (485 ) (318 )
Translation adjustment 565 (4 )
Balance at the end of the period ₹ 20,126 ₹ 20,017
^(1)^ During the year ended March 31, 2024, the Company sold its shares in Moogsoft (Herd) Inc. at a fair value<br>of ₹ 179 and recognized a cumulative loss of ₹ 91 in other comprehensive<br>income.
--- ---
^(2)^ During the three months ended June 30, 2024, the Company sold its shares in Headspin Inc. at a fair value<br>of ₹ 184 and recognized a cumulative loss of ₹ 236 in other comprehensive<br>income and cumulative gain of ₹ 17 in the consolidated statement of income.
--- ---
As at
--- --- --- --- --- --- ---
Contingent consideration March 31, 2024 June 30, 2024
Balance at the beginning of the period ₹ (3,053 ) ₹ (429 )
Reversals^(1)^ 1,300 —
Payouts 1,294 —
Finance expense (recognized)/reversed in consolidated statement of income 55 (5 )
Translation adjustment (25 ) ^
Balance at the end of the period ₹ (429 ) ₹ (434 )
^(1)^ Towards change in fair value of earn-out liability as a result of<br>changes in estimates of revenue and earnings over the earn-out period.
--- ---
^ Value is less than 0.5
--- ---
As at
--- --- --- --- --- --- ---
Liability on written put options to non-controlling interests March 31, 2024 June 30, 2024
Balance at the beginning of the period ₹ — ₹ (4,303 )
Addition through Business combination (4,238 ) —
Finance expense recognized in consolidated statement of income (33 ) (64 )
Translation adjustment (32 ) 1
Balance at the end of the period ₹ (4,303 ) ₹ (4,366 )

Derivative assets and liabilities:

The Company is exposed to currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company is also exposed to interest rate fluctuations on investments in floating rate financial assets and floating rate borrowings. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, interest rates, 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 immaterial.

19

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

(in millions)

As at
March 31, 2024 June 30, 2024
Notional Fair value Notional Fair value
Designated derivative instruments
Sell: Forward contracts USD 1,349 USD 1,419
€ 11 € 28
£ 17 £ 31
AUD 15 AUD 27 )
Range forward option contracts USD 730 USD 710
€ 129 € 95
£ 86 ) £ 60
AUD 57 AUD 31 )
Interest rate swaps INR 4,750 ) INR 4,750 )
USD 225 USD 225
Non-designated derivative instruments
Sell: Forward contracts^(1)^ USD 1,158 ) USD 984
€ 195 € 133 )
£ 72 £ 47 )
AUD 55 AUD 52 )
SGD 26 SGD 29
ZAR 97 ZAR 22 ^
CAD 61 ) CAD 73
SAR 188 ) SAR 188 )
QAR 5 ) QAR 5 ^
TRY 86 ) TRY 86 )
NOK 20 NOK 6 )
OMR 2 ^ OMR 2 ^
JPY 3,975 JPY 4,362
DKK 33 DKK 24 ^
AED 22 ^ AED 8 ^
CNH 11 CNH —
MXN 212 ) MXN 187
COP 8,120 ) COP 8,120
MYR 20 ) MYR 30
RON 80 ) RON 80 )
BHD ^ ^ BHD ^ ^
HKD 80 ^ HKD 79 ^
CRC 3,380 ) CRC —
NZD 2 NZD 2 )
KRW — KRW 1,100
TWD — TWD 40 ^
Buy: Forward contracts USD 4 USD 4 ^
€ 7 ) € 6 )
£ 2 ^ £ —
AUD 2 ^ AUD —
CAD 49 ) CAD 49 )
QAR 29 QAR 29 ^
CNH 126 ) CNH 127 ^
RON 91 ) RON 51 ^
TWD 40 ) TWD —
PLN 39 ) PLN 35
SEK 39 ) SEK 38 )
CHF 5 ) CHF 10
BRL 67 ) BRL 73 )
RMB 25 ) RMB 46 )
KWD ^ ^ KWD ^ ^

All values are in Indian Rupees.

^ Value is less than 0.5
^(1)^ USD 1,158 and USD 984 includes USD/PHP sell forward of USD 167 and USD 160 as at March 31, 2024 and<br>June 30, 2024, respectively.
--- ---

20

The Company determines the existence of an economic relationship between the hedging instrument and the hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items.

If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in consolidated statement of income at the time of the hedge relationship rebalancing.

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

Three months ended June 30,
2023 2024
Balance as at the beginning of the period ₹ (1,762 ) ₹ 773 ****
Changes in fair value of effective portion of derivatives 1,846 628
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged<br>transactions^(1)^ 1,013 (243 )
Net (gain)/loss on ineffective portion of derivative instruments classified to consolidated<br>statement of income (33 ) 44
Gain/(loss) on cash flow hedging derivatives, net ₹ 2,826 **** ₹ 429 ****
Balance as at the end of the period ₹ 1,064 **** ₹ 1,202 ****
Deferred tax asset/(liability) thereon (267 ) (317 )
Balance as at the end of the period, net of deferred taxes ₹ 797 **** ₹ 885 ****
^(1)^ Includes net (gain)/loss reclassified to revenue of<br>₹ (256); net (gain)/loss reclassified to cost of revenues of ₹ 24; net<br>(gain)/loss reclassified to finance expenses of ₹ (47), and net (gain)/loss reclassified to finance and other income of ₹ 36 for the three months ended June 30, 2024.
--- ---

The related hedge transactions for balance in cash flow hedging reserves as at June 30, 2024 are expected to occur and be reclassified to the statement of income over a period of twelve months.

As at June 30, 2023 and 2024, there were no material 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. Foreign currency translation reserve and Other reserves

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

Three months ended June 30,
2023 2024
Balance at the beginning of the period ₹ 43,255 ₹ 47,261
Translation difference related to foreign operations, net (361 ) (1,398 )
Reclassification of foreign currency translation differences on liquidation of subsidiaries to<br>statement of income 2 ^
Balance at the end of the period ₹ 42,896 ₹ 45,863
^ Value is less than 0.5
--- ---

The movement in other reserves is summarized below:

Other Reserves
Particulars Remeasurements ofthe defined benefitplans Investment in debtinstrumentsmeasured at fairvalue through OCI Investment in equityinstrumentsmeasured at fairvalue through OCI Capital RedemptionReserve Gross obligation tonon-controllinginterests underput options
As at April 1, 2023 ₹ (548 ) ₹ (119 ) ₹ 10,793 ₹ 1,122 ₹ —
Other comprehensive income 43 1,039 16 — —
As at June 30, 2023 ₹ (505 ) ₹ 920 ₹ 10,809 ₹ 1,122 ₹ —
As at April 1, 2024 ₹ (286 ) ₹ 1,397 ₹ 10,320 ₹ 1,661 ₹ (4,238 )
Other comprehensive income 59 184 (319 ) — —
As at June 30, 2024 ₹ (227 ) ₹ 1,581 ₹ 10,001 ₹ 1,661 ₹ (4,238 )

21

19. Income taxes

Three months ended June 30,
2023 2024
Income tax expense as per the statement of income ₹ 9,115 ₹ 9,850
Income tax included in other comprehensive income on:
Gains/(losses) on investment securities 162 37
Gains/(losses) on cash flow hedging derivatives 626 122
Remeasurements of the defined benefit plans 33 62
₹ 9,936 ₹ 10,071

Income tax expense consists of the following:

Three months ended June 30,
2023 2024
Current taxes ₹ 9,135 ₹ 10,368
Deferred taxes (20 ) (518 )
₹ 9,115 ₹ 9,850

Income tax expenses are net of provision reversal of taxes pertaining to earlier periods, amounting to ₹ 627 and ₹ 194 for the three months ended June 30, 2023 and 2024, respectively.

20. Revenues

The tables below present disaggregated revenue from contracts with customers by business segment (Refer to Note 27 “Segment Information”), sector and nature of contract. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors.

22

Information on disaggregation of revenues for the three months ended June 30, 2023 is as follows:

IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 65,622 ₹ 68,321 ₹ 67,155 ₹ 26,518 ₹ 227,616 ₹ — ₹ 227,616
Sale of products — — — — — 694 **** 694
₹ 65,622 ₹ 68,321 ₹ 67,155 ₹ 26,518 ₹ 227,616 ₹ 694 ₹ 228,310
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 784 ₹ 42,015 ₹ 25,522 ₹ 9,041 ₹ 77,362
Health 21,727 85 4,823 1,250 27,885
Consumer 26,355 1,114 10,799 4,269 42,537
Communications 3,486 347 3,123 3,462 10,418
Energy, Natural Resources and Utilities 106 10,294 11,111 5,845 27,356
Manufacturing 47 8,484 6,893 1,038 16,462
Technology 13,117 5,982 4,884 1,613 25,596
₹ 65,622 ₹ 68,321 ₹ 67,155 ₹ 26,518 ₹ 227,616 ₹ 694 ₹ 228,310
C. Revenue by nature of contract
Fixed price and volume based ₹ 37,524 ₹ 35,450 ₹ 39,723 ₹ 15,942 ₹ 128,639 ₹ — ₹ 128,639
Time and materials 28,098 32,871 27,432 10,576 98,977 — **** 98,977
Products — — — — — 694 **** 694
₹ 65,622 ₹ 68,321 ₹ 67,155 ₹ 26,518 ₹ 227,616 ₹ 694 ₹ 228,310

Information on disaggregation of revenues for the three months ended June 30, 2024 is as follows:

IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 67,762 ₹ 67,402 ₹ 60,478 ₹ 23,527 ₹ 219,169 ₹ — ₹ 219,169
Sale of products — — — — — 469 **** 469
₹ 67,762 ₹ 67,402 ₹ 60,478 ₹ 23,527 ₹ 219,169 ₹ 469 ₹ 219,638
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 433 ₹ 41,886 ₹ 23,048 ₹ 8,979 ₹ 74,346
Health 25,565 22 3,841 993 30,421
Consumer 25,621 1,862 10,709 3,948 42,140
Communications 2,999 208 2,310 2,793 8,310
Energy, Natural Resources and Utilities 667 10,107 9,352 4,454 24,580
Manufacturing 14 7,244 5,995 942 14,195
Technology 12,463 6,073 5,223 1,418 25,177
₹ 67,762 ₹ 67,402 ₹ 60,478 ₹ 23,527 ₹ 219,169 ₹ 469 ₹ 219,638
C. Revenue by nature of contract
Fixed price and volume based ₹ 35,970 ₹ 34,578 ₹ 35,976 ₹ 13,674 ₹ 120,198 ₹ — ₹ 120,198
Time and materials 31,792 32,824 24,502 9,853 98,971 — **** 98,971
Products — — — — — 469 **** 469
₹ 67,762 ₹ 67,402 ₹ 60,478 ₹ 23,527 ₹ 219,169 ₹ 469 ₹ 219,638

23

21. Expenses by nature

Three months endedJune 30,
2023 2024
Employee compensation ₹ 140,276 ₹ 132,293
Sub-contracting and technical fees 26,385 24,767
Cost of hardware and software 806 658
Travel 4,175 3,937
Facility expenses 3,452 4,133
Software license expense for internal use 4,607 4,605
Depreciation, amortization and impairment 7,380 7,289
Communication 1,249 993
Legal and professional fees 2,251 2,282
Rates, taxes and insurance 1,462 1,216
Marketing and brand building 977 804
Lifetime expected credit loss/ (write-back) 300 (26 )
(Gain)/loss on sale of property, plant and equipment, net^(1)^ 78 (23 )
Miscellaneous expenses^(1) (2)^ 334 435
Total cost of revenues, selling and marketing expenses and general and administrativeexpenses ₹ 193,732 ₹ 183,363
^(1)^ (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Miscellaneous expenses and<br>is presented separately for the three months ended June 30, 2023.
--- ---
^(2)^ Miscellaneous expenses are net of reversals of contingent consideration (Refer to Note 17).<br>
--- ---

22. Finance expenses

Three months endedJune 30,
2023 2024
Interest expense^(1)^ ₹ 3,086 ₹ 3,288
₹ 3,086 ₹ 3,288
^(1)^ Includes Interest expense on lease liabilities of<br>₹ 316 and ₹ 363 for the three months ended June 30, 2023 and 2024,<br>respectively.
--- ---

23. Finance and other income and Foreign exchange gains/(losses), net

Three monthsended June 30,
2023 2024
Interest income ₹ 5,244 ₹ 5,627
Dividend income from equity investments designated as FVTOCI 1 —
Net gain from investments classified as FVTPL 1,336 1,853
Net loss from investments classified as FVTOCI (39 ) —
Finance and other income ₹ 6,542 ₹ 7,480
Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL ₹ 881 ₹ (185 )
Other foreign exchange gains/(losses), net (943 ) (21 )
Foreign exchange gains/(losses), net ₹ (62 ) ₹ (206 )

24. Earnings per equity share:

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

Basic: Basic earnings per equity 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 June 30,
2023 2024
Profit attributable to equity holders of the Company ₹ 28,701 ₹ 30,032
Weighted average number of equity shares outstanding 5,482,733,329 5,225,776,256
Basic earnings per equity share ₹ 5.23 ₹ 5.75

Diluted: Diluted earnings per equity 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 equity shares that could have been acquired at fair value (determined as the average market price of the Company’s equity shares during the period). The number of equity shares calculated as above is compared with the number of equity shares that would have been issued assuming the exercise of the share options.

24

The calculation of the potential dilutive effect on earnings per share on Buyback of equity shares includes the incremental equity shares arrived as the difference between the number of ordinary shares assumed at the fair value (determined as the average market price of the Company’s shares during the period) and the number of ordinary shares received from satisfying the Buyback offer.

Three months ended June 30,
2023 2024
Profit attributable to equity holders of the Company ₹ 28,701 ₹ 30,032
Weighted average number of equity shares outstanding 5,482,733,329 5,225,776,256
Effect of dilutive equivalent share options 10,422,480 10,991,857
Dilutive effect from buyback of equity shares 107,151,506 —
Weighted average number of equity shares for diluted earnings per equity share 5,600,307,315 5,236,768,113
Diluted earnings per equity share ₹ 5.12 ₹ 5.73

25. Employee compensation

Three months endedJune 30,
2023 2024
Salaries and bonus ₹ 133,800 ₹ 126,128
Employee benefits plans 4,932 4,836
Share-based compensation^(1)^^^ 1,544 1,329
₹ 140,276 ₹ 132,293
^(1)^ Includes ₹ (2) and ₹ (6) for the three months ended June 30, 2023 and 2024 respectively, towards cash settled ADS RSUs.
--- ---

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

Three months endedJune 30,
2023 2024
Cost of revenues ₹ 117,733 ₹ 112,171
Selling and marketing expenses 12,612 11,964
General and administrative expenses 9,931 8,158
₹ 140,276 ₹ 132,293

The Company has granted 3,341,675 options under RSU option plan during the three months ended June 30, 2024 (3,217,885 for the three months ended June 30, 2023); 8,167,087 options under ADS option plan during the three months ended June 30, 2024 (8,061,125 for the three months ended June 30, 2023).

The Company has also granted 2,014,993 Performance based stock options (RSU) during the three months ended June 30, 2024 (1,892,498 for the three months ended June 30, 2023); 5,297,557 Performance based stock options (ADS) during the three months ended June 30, 2024 (5,648,833 for the three months ended June 30, 2023).

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). Performance based stock options will vest based on the performance parameters of the Company.

26. Commitments andcontingencies

Capital commitments: As at March 31, 2024 and June 30, 2024 the Company had committed to spend approximately ₹ 10,322 and ₹ 8,837 respectively, under agreements to purchase/ construct property and equipment. These amounts are net of capital advances paid in respect of these purchases. Refer to Note 7 for uncalled capital commitments on investment in equity instruments.

Guarantees: As at March 31, 2024 and June 30, 2024, guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies aggregate to ₹ 13,455 and ₹ 13,017 respectively, as part of the bank line of credit.

Contingencies and lawsuits: The Company is subject to legal proceedings and claims resulting from tax assessment orders/ penalty notices issued under the Income Tax Act, 1961, 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 Company’s assessments are completed for the years up to March 31, 2019. The Company has received demands on multiple tax issues. These claims are primarily arising out of denial of deduction under section 10A of the Income Tax Act, 1961 in respect of profit earned by the Company’s undertaking in Software Technology Park at Bengaluru, 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 which either has been or may be contested by the Income tax authorities before the Hon’ble Supreme Court of India. Other claims relate to disallowance of tax benefits on profits earned from Software Technology Park and Special Economic Zone units, capitalization of research and development expenses, transfer pricing adjustments on intercompany / inter unit transactions and other issues.

25

Income tax claims against the Company amounting to ₹ 95,520 and ₹ 96,881 are not acknowledged as debt as at March 31, 2024 and June 30, 2024, 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 amounting to ₹ 18,799 and ₹ 19,350 as of March 31, 2024, and June 30, 2024, respectively. However, the resolution of these disputed demands is not likely to have a material and adverse effect on the results of operations or the financial position of the Company.

27. Segment information

The Company is organized into the following operating segments: IT Services and IT Products.

IT Services: The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: communications, media and information services, software and gaming, new age technology, consumer goods, medical devices and life sciences, healthcare, and technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Benelux, the Nordics and Southern Europe. APMEA consists of Australia and New Zealand, India, Middle East, South East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.

IT Products: The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, “Operating Segments”. The CEO 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.

26

Information on reportable segments for the three months ended June 30, 2023, is as follows:

IT Services IT Products ReconcilingItems Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 65,607 ₹ 68,303 ₹ 67,134 ₹ 26,510 ₹ 227,554 ₹ 694 ₹ — ₹ 228,248
Segment result 13,537 14,169 9,968 2,800 **** 40,474 (161 ) (1,840 ) 38,473
Unallocated **** (3,957 ) — — (3,957 )
Segment result total ₹ 36,517 ₹ (161 ) ₹ (1,840 ) ₹ 34,516
Finance expenses (3,086 )
Finance and other income 6,542
Share of net profit/(loss) of associate accounted for using the equity method 3
Profit before tax ₹ 37,975
Income tax expense (9,115 )
Profit for the period ₹ 28,860
Depreciation, amortization and impairment ₹ 7,380

Information on reportable segments for the three months ended June 30, 2024, is as follows:

IT Services IT Products ReconcilingItems Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 67,700 ₹ 67,338 ₹ 60,422 ₹ 23,503 ₹ 218,963 ₹ 469 ₹ — ₹ 219,432
Segment result 13,687 15,533 5,873 2,441 **** 37,534 (47 ) 59 37,546
Unallocated **** (1,477 ) — — (1,477 )
Segment result total ₹ 36,057 ₹ (47 ) ₹ 59 ₹ 36,069
Finance expenses (3,288 )
Finance and other income 7,480
Share of net profit/(loss) of associate and joint venture accounted for using the equity<br>method (45 )
Profit before tax ₹ 40,216
Income tax expense (9,850 )
Profit for the period ₹ 30,366
Depreciation, amortization and impairment ₹ 7,289

27

Revenues from India, being Company’s country of domicile, is ₹ 6,007 and ₹ 4,923 for the three months ended June 30, 2023 and 2024, respectively.

Revenues from United States of America and United Kingdom contributed more than 10% of Company’s total revenues as per table below:

Three months ended June 30,
2023 2024
United States of America ₹ 126,497 ₹ 129,433
United Kingdom 29,763 25,106
₹ 156,260 ₹ 154,539

No customer individually accounted for more than 10% of the revenues during the three months ended June 30, 2023 and 2024.

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 Company owned intellectual properties 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<br>gains/(losses), net” in revenues, which is reported as a part of operating profit in the interim condensed consolidated statement of income.
--- ---
d) Restructuring cost of<br>₹ 1,887 and ₹ Nil for the three months ended June 30, 2023 and 2024,<br>respectively is included under Reconciling items.
--- ---
e) “Unallocated” within IT Services segment results is after recognition of amortization and impairment<br>expense on intangible assets of ₹ 1,810 and ₹ 1,782, for the three months<br>ended June 30, 2023 and 2024, respectively, and change in fair value of contingent consideration of ₹ (16) and ₹ Nil, for the three months ended June 30, 2023 and 2024, respectively.
--- ---
f) Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 1,544 and ₹ 1,329 for the three months ended June 30, 2023 and 2024,<br>respectively.
--- ---
g) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and<br>equipment of ₹ 78 and ₹ (23) for the three months ended June 30, 2023<br>and 2024, respectively.
--- ---

28. List of subsidiaries, associate and joint venture as at June 30, 2024 is provided below:

Subsidiaries Subsidiaries Subsidiaries Country of<br><br><br>Incorporation
Attune Consulting India Private Limited India
Capco Technologies Private Limited India
Wipro Technology Product Services Private Limited India
Wipro Chengdu Limited China
Wipro Holdings (UK) Limited U.K.
Wipro Financial Outsourcing Services<br><br><br>Limited U.K.
Wipro UK Limited U.K.
Wipro HR Services India Private Limited India
Wipro IT Services Bangladesh Limited Bangladesh
Wipro IT Services UK Societas U.K.
Designit A/S Denmark
Designit Denmark A/S Denmark
Designit Germany GmbH Germany
Designit Oslo A/S Norway
Designit Spain Digital, S.L.U Spain
Designit Sweden AB Sweden
Designit T.L.V Ltd. Israel
Wipro Bahrain Limited Co. W.L.L Bahrain
Wipro Czech Republic IT Services s.r.o. Czech Republic
Wipro CRM Services (formerly known as Wipro 4C NV) Belgium
Wipro 4C Consulting France SAS France
Wipro CRM Services B.V. (formerly known as Wipro 4C Nederland B.V) Netherlands
Wipro CRM Services ApS Denmark

28

Wipro CRM Services UK Limited^(1)^ U.K.
Grove Holdings 2 S.á.r.l Luxembourg
Capco Solution Services GmbH Germany
The Capital Markets Company Italy Srl Italy
Capco Brasil Serviços E Consultoria Ltda Brazil
The Capital Markets Company BV^(1)^ Belgium
PT. WT Indonesia Indonesia
Rainbow Software LLC Iraq
Wipro Arabia Limited^(2)^ Saudi Arabia
Women’s Business Park Technologies Limited^(2)^ Saudi Arabia
Wipro Doha LLC Qatar
Wipro Gulf LLC Sultanate of Oman
Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary
Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary
Wipro Information Technology Netherlands BV. Netherlands
Wipro do Brasil Technologia Ltda^(1)^ Brazil
Wipro Information Technology Kazakhstan LLP Kazakhstan
Wipro Outsourcing Services (Ireland) Limited Ireland
Wipro Portugal S.A.^(1)^ Portugal
Wipro Solutions Canada Limited Canada
Wipro Technologies Limited Russia
Wipro Technologies Peru SAC Peru
Wipro Technologies W.T. Sociedad Anonima Costa Rica
Wipro Technology Chile SPA Chile
Wipro IT Service Ukraine, LLC Ukraine
Wipro IT Services Poland SP Z.O.O Poland
Wipro IT Services S.R.L. Romania
Wipro Regional Headquarter Saudi Arabia
Wipro Technologies Australia Pty Ltd Australia
Wipro Ampion Holdings Pty Ltd^(1)^ Australia
Wipro Technologies SA Argentina
Wipro Technologies SA DE CV Mexico
Wipro Technologies South Africa (Proprietary) Limited South Africa
Wipro Technologies Nigeria Limited Nigeria
Wipro Technologies SRL Romania
Wipro (Thailand) Co. Limited Thailand
Wipro Japan KK Japan
Wipro Networks Pte Limited Singapore
Wipro (Dalian) Limited China
Wipro Technologies SDN BHD Malaysia
Wipro Overseas IT Services Private Limited India
Wipro Philippines, Inc. Philippines
Wipro Shanghai Limited China
Wipro Trademarks Holding Limited India
Wipro Travel Services Limited India
Wipro VLSI Design Services India Private Limited India
Wipro, LLC USA
Wipro Gallagher Solutions, LLC USA
Wipro Insurance Solutions, LLC USA
Wipro IT Services, LLC USA
Aggne Global Inc.^(3)^ USA
Cardinal US Holdings, Inc.^(1)^ USA
Designit North America, Inc. USA
Edgile, LLC USA
HealthPlan Services, Inc.^(1)^ USA

29

Infocrossing, LLC USA
International TechneGroup Incorporated^(1)^ USA
Wipro NextGen Enterprise Inc.^(1)^ USA
Rizing Intermediate Holdings, Inc.^(1)^ USA
Wipro Appirio, Inc.^(1)^ USA
Wipro Designit Services, Inc.^(1)^ USA
Wipro Telecom Consulting LLC USA
Wipro VLSI Design Services, LLC USA
Aggne Global IT Services Private Limited^(3)^ India

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

^(2)^ 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 Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Limited.
^(3)^ The company holds 60% of the equity securities of Aggne Global IT Services Private Limited and Wipro IT<br>Services, LLC holds 60% of the equity securities of Aggne Global Inc.
--- ---
^(1)^ Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup<br>Incorporated, Wipro NextGen Enterprise Inc., Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda, Wipro Portugal S.A.<br>and Wipro CRM Services UK Limited are as follows:
--- ---
Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
--- --- --- ---
Cardinal US Holdings, Inc. USA
ATOM Solutions LLC USA
Capco Consulting Services LLC USA
Capco RISC Consulting LLC USA
The Capital Markets Company LLC USA
HealthPlan Services, Inc. USA
HealthPlan Services Insurance Agency, LLC USA
International TechneGroup Incorporated USA
International TechneGroup Ltd. U.K.
ITI Proficiency Ltd Israel
MechWorks S.R.L. Italy
Wipro NextGen Enterprise Inc. USA
LeanSwift AB Sweden
Rizing Intermediate Holdings, Inc. USA
Rizing Lanka (Private) Ltd Sri Lanka
Attune Netherlands B.V.^(4)^ Netherlands
Rizing Solutions Canada Inc. Canada
Rizing LLC USA
Aasonn Philippines Inc. Philippines
Rizing B.V. Netherlands
Rizing Consulting Ireland Limited Ireland
Rizing Consulting Pty Ltd. Australia
Rizing Geospatial LLC USA
Rizing GmbH Germany
Rizing Limited U.K.
Rizing Pte Ltd.^(4)^ Singapore
The Capital Markets Company BV Belgium
CapAfric Consulting (Pty) Ltd South Africa
Capco Belgium BV Belgium
Capco Consultancy (Malaysia) Sdn. Bhd Malaysia
Capco Consultancy (Thailand) Ltd Thailand
Capco Consulting Singapore Pte. Ltd Singapore
Capco Greece Single Member P.C Greece

30

Capco Poland sp. z.o.o Poland
The Capital Markets Company (UK) Ltd U.K.
Capco (UK) 1, Limited U.K.
The Capital Markets Company BV Netherlands
The Capital Markets Company GmbH Germany
Capco Austria GmbH Austria
The Capital Markets Company Limited Hong Kong
Capco Consulting Services (Guangzhou) Company Limited China
The Capital Markets Company Limited Canada
The Capital Markets Company S.á.r.l Switzerland
Andrion AG Switzerland
The Capital Markets Company S.A.S France
The Capital Markets Company s.r.o Slovakia
Wipro Ampion Holdings Pty Ltd Australia
Wipro Revolution IT Pty Ltd Australia
Crowdsprint Pty Ltd Australia
Wipro Shelde Australia Pty Ltd Australia
Wipro Appirio, Inc. USA
Wipro Appirio (Ireland) Limited Ireland
Wipro Appirio UK Limited U.K.
Topcoder, LLC. USA
Wipro Designit Services, Inc. USA
Wipro Designit Services Limited Ireland
Wipro do Brasil Technologia Ltda Brazil
Wipro do Brasil Servicos Ltda Brazil
Wipro Do Brasil Sistemas De Informatica Ltda Brazil
Wipro Portugal S.A. Portugal
Wipro Technologies GmbH Germany
Wipro Business Solutions GmbH^(4)^ Germany
Wipro IT Services Austria GmbH Austria
Wipro CRM Services UK Limited U.K.
CloudSocius DMCC United Arab Emirates
^(4)^ Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as<br>follows:
--- ---
Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
--- --- --- ---
Attune Netherlands B.V. Netherlands
Rizing Consulting USA, Inc. USA
Rizing Germany GmbH Germany
Attune Italia S.R.L Italy
Rizing Management LLC USA
Attune UK Ltd. U.K.
Rizing Pte Ltd. Singapore
Rizing New Zealand Ltd. New Zealand
Rizing Philippines Inc. Philippines
Rizing SDN BHD Malaysia
Rizing Solutions Pty Ltd Australia
Wipro Business Solutions GmbH Germany
Wipro Technology Solutions S.R.L Romania

As at June 30, 2024, the Company held 43.7% interest in Drivestream Inc. and 27% interest in SDVerse LLC, accounted for using the equity method.

31

The list of controlled trusts are:

Name of the entity Country of incorporation
Wipro Equity Reward Trust India
Wipro Foundation India
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 Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm Registration No: 117366W/W - 100018 Managing Director
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No. 110815
Bengaluru
July 19, 2024

32

EX-99.4

Exhibit 99.4

WIPRO LIMITED

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

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

AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2024

UNDER IFRS (IASB)

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

Particulars Three months ended Year ended
June 30,<br>2024 March 31,<br>2024 June 30,<br>2023 March 31,<br>2024
Income
a) Revenue from operations 219,638 222,083 228,310 897,603
b) Foreign exchange gains/(losses), net (206 ) (128 ) (62 ) 340
I Total income **** 219,432 **** 221,955 **** 228,248 **** 897,943
Expenses
a) Purchases of stock-in-trade 664 825 978 3,832
b) Changes in inventories of<br>stock-in-trade (2 ) 156 (182 ) 278
c) Employee benefits expense 132,293 136,255 140,276 549,301
d) Depreciation, amortization and impairment expense 7,289 8,405 7,380 34,071
e) Sub-contracting and technical fees 24,767 24,318 26,385 103,030
f) Facility expenses 4,133 3,727 3,452 14,556
g) Travel 3,937 3,349 4,175 15,102
h) Communication 993 956 1,249 4,878
i) Legal and professional fees 2,282 2,324 2,251 9,559
j) Software license expense for internal use 4,605 4,395 4,607 18,378
k) Marketing and brand building 804 667 977 3,555
l) Lifetime expected credit loss/ (write-back) (26 ) 367 300 640
m) (Gain)/loss on sale of property, plant and equipment, net (23 ) 102 78 (2,072 )
n) Other expenses 1,647 736 1,806 6,736
II Total expenses **** 183,363 **** 186,582 **** 193,732 **** 761,844
III Finance expenses 3,288 3,308 3,086 12,552
IV Finance and other income 7,480 6,759 6,542 23,896
V Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method (45 ) (202 ) 3 (233 )
VI Profit before tax[I-II-III+IV+V] **** 40,216 **** 38,622 **** 37,975 **** 147,210
VII Tax expense 9,850 10,040 9,115 36,089
VIII Profit for the period [VI-VII] **** 30,366 **** 28,582 **** 28,860 **** 111,121
Other comprehensive income (OCI)
Items that will not be reclassified to profit or loss in subsequent periods
Remeasurements of the defined benefit plans, net 58 (177 ) (45 ) 82
Net change in fair value of investment in equity instruments measured at fair value through OCI (319 ) (506 ) 16 (473 )
Items that will be reclassified to profit or loss in subsequent periods
Foreign currency translation differences (1,399 ) (844 ) (362 ) 4,219
Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of<br>income ^ (2 ) 2 (198 )
Net change in time value of option contracts designated as cash flow hedges, net of taxes 4 271 40 198
Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes 85 15 512 128
Net change in fair value of forward contracts designated as cash flow hedges, net of taxes 218 355 1,648 1,655
Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes 184 261 1,039 1,516
IX Total other comprehensive income for the period, net of taxes (1,169 ) (627 ) 2,850 7,127
Total comprehensive income for the period [VIII+IX] **** 29,197 **** 27,955 **** 31,710 **** 118,248
X Profit for the period attributable to:
Equity holders of the Company 30,032 28,346 28,701 110,452
Non-controlling interests 334 236 159 669
**** 30,366 **** 28,582 **** 28,860 **** 111,121

1

Total comprehensive income for the period attributable to:
Equity holders of the Company 27,781 31,640 117,744
Non-controlling interests 174 70 504
27,955 31,710 118,248
XI Paid up equity share capital (Par value 2 per share) 10,450 10,978 10,450
XII Reserves excluding revaluation reserves and<br>Non-controlling interests as per balance sheet 739,433
XIII Earnings per share (EPS)
(Equity shares of par value of<br> 2/- each)
(EPS for the three months ended periods are not annualized)
Basic (in<br>) 5.43 5.23 20.89
Diluted (in<br>) 5.41 5.12 20.82

All values are in Indian Rupees.

^ Value is less than 0.5
1. The audited consolidated financial results of the Company for the three months ended June 30, 2024, have<br>been approved by the Board of Directors of the Company at its meeting held on July 19, 2024. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report with unmodified opinion on the<br>consolidated financial results.
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2. The above consolidated financial results have been prepared on the basis of the audited interim condensed<br>consolidated financial statements which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). All amounts<br>included in the consolidated financial results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless<br>otherwise stated.
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3. (Gain)/loss on sale of property, plant and equipment, net has been reclassified from Other expenses and is<br>presented separately for the three months ended June 30, 2023. Gain on sale of property, plant and equipment for the year ended March 31, 2024, includes gain on sale of immovable properties of ₹ (2,357).
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4. List of subsidiaries, associate and joint venture as at June 30, 2024 are provided in thetable below:
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Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
--- --- --- ---
Attune Consulting India Private Limited India
Capco Technologies Private Limited India
Wipro Technology Product Services Private Limited India
Wipro Chengdu Limited China
Wipro Holdings (UK) Limited U.K.
Wipro Financial Outsourcing Services Limited U.K.
Wipro UK Limited U.K.
Wipro HR Services India Private Limited India
Wipro IT Services Bangladesh Limited Bangladesh
Wipro IT Services UK Societas U.K.
Designit A/S Denmark
Designit Denmark A/S Denmark
Designit Germany GmbH Germany
Designit Oslo A/S Norway
Designit Spain Digital, S.L.U Spain
Designit Sweden AB Sweden
Designit T.L.V Ltd. Israel
Wipro Bahrain Limited Co. W.L.L Bahrain
Wipro Czech Republic IT Services s.r.o. Czech Republic
Wipro CRM Services (formerly known as Wipro 4C NV) Belgium
Wipro 4C Consulting France SAS France
Wipro CRM Services B.V. (formerly known as Wipro 4C Nederland B.V) Netherlands
Wipro CRM Services ApS Denmark
Wipro CRM Services UK Limited^(1)^ U.K.
Grove Holdings 2 S.á.r.l Luxembourg
Capco Solution Services GmbH Germany

2

The Capital Markets Company Italy Srl Italy
Capco Brasil Serviços E Consultoria Ltda Brazil
The Capital Markets Company BV^(1)^ Belgium
PT. WT Indonesia Indonesia
Rainbow Software LLC Iraq
Wipro Arabia Limited^(2)^ Saudi Arabia
Women’s Business Park Technologies Limited^(2)^ Saudi Arabia
Wipro Doha LLC Qatar
Wipro Gulf LLC Sultanate of Oman
Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary
Wipro Holdings Investment Korlátolt Felelősségű Társaság Hungary
Wipro Information Technology Netherlands BV. Netherlands
Wipro do Brasil Technologia Ltda^(1)^ Brazil
Wipro Information Technology Kazakhstan LLP Kazakhstan
Wipro Outsourcing Services (Ireland) Limited Ireland
Wipro Portugal S.A.^(1)^ Portugal
Wipro Solutions Canada Limited Canada
Wipro Technologies Limited Russia
Wipro Technologies Peru SAC Peru
Wipro Technologies W.T. Sociedad Anonima Costa Rica
Wipro Technology Chile SPA Chile
Wipro IT Service Ukraine, LLC Ukraine
Wipro IT Services Poland SP Z.O.O Poland
Wipro IT Services S.R.L. Romania
Wipro Regional Headquarter Saudi Arabia
Wipro Technologies Australia Pty Ltd Australia
Wipro Ampion Holdings Pty Ltd^(1)^ Australia
Wipro Technologies SA Argentina
Wipro Technologies SA DE CV Mexico
Wipro Technologies South Africa (Proprietary) Limited South Africa
Wipro Technologies Nigeria Limited Nigeria
Wipro Technologies SRL Romania
Wipro (Thailand) Co. Limited Thailand
Wipro Japan KK Japan
Wipro Networks Pte Limited Singapore
Wipro (Dalian) Limited China
Wipro Technologies SDN BHD Malaysia
Wipro Overseas IT Services Private Limited India
Wipro Philippines, Inc. Philippines
Wipro Shanghai Limited China
Wipro Trademarks Holding Limited India
Wipro Travel Services Limited India
Wipro VLSI Design Services India Private Limited India
Wipro, LLC USA
Wipro Gallagher Solutions, LLC USA
Wipro Insurance Solutions, LLC USA
Wipro IT Services, LLC USA
Aggne Global Inc.^(3)^ USA
Cardinal US Holdings, Inc.^(1)^ USA
Designit North America, Inc. USA
Edgile, LLC USA
HealthPlan Services, Inc.^(1)^ USA
Infocrossing, LLC USA
International TechneGroup Incorporated^(1)^ USA
Wipro NextGen Enterprise Inc.^(1)^ USA

3

Rizing Intermediate Holdings, Inc.^(1)^ USA
Wipro Appirio, Inc.^(1)^ USA
Wipro Designit Services, Inc.^(1)^ USA
Wipro Telecom Consulting LLC USA
Wipro VLSI Design Services, LLC USA
Aggne Global IT Services Private Limited^(3)^ India

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

^(2)^ 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 Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Limited.
^(3)^ The company holds 60% of the equity securities of Aggne Global IT Services Private Limited and Wipro IT<br>Services, LLC holds 60% of the equity securities of Aggne Global Inc.
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^(1)^ Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup<br>Incorporated, Wipro NextGen Enterprise Inc., Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda, Wipro Portugal S.A.<br>and Wipro CRM Services UK Limited are as follows:
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Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
--- --- --- ---
Cardinal US Holdings, Inc. USA
ATOM Solutions LLC USA
Capco Consulting Services LLC USA
Capco RISC Consulting LLC USA
The Capital Markets Company LLC USA
HealthPlan Services, Inc. USA
HealthPlan Services Insurance Agency, LLC USA
International TechneGroup Incorporated USA
International TechneGroup Ltd. U.K.
ITI Proficiency Ltd Israel
MechWorks S.R.L. Italy
Wipro NextGen Enterprise Inc. USA
LeanSwift AB Sweden
Rizing Intermediate Holdings, Inc. USA
Rizing Lanka (Private) Ltd Sri Lanka
Attune Netherlands B.V.^(4)^ Netherlands
Rizing Solutions Canada Inc. Canada
Rizing LLC USA
Aasonn Philippines Inc. Philippines
Rizing B.V. Netherlands
Rizing Consulting Ireland Limited Ireland
Rizing Consulting Pty Ltd. Australia
Rizing Geospatial LLC USA
Rizing GmbH Germany
Rizing Limited U.K.
Rizing Pte Ltd.^(4)^ Singapore
The Capital Markets Company BV Belgium
CapAfric Consulting (Pty) Ltd South Africa
Capco Belgium BV Belgium
Capco Consultancy (Malaysia) Sdn. Bhd Malaysia
Capco Consultancy (Thailand) Ltd Thailand
Capco Consulting Singapore Pte. Ltd Singapore
Capco Greece Single Member P.C Greece
Capco Poland sp. z.o.o Poland
The Capital Markets Company (UK) Ltd U.K.
Capco (UK) 1, Limited U.K.
The Capital Markets Company BV Netherlands

4

The Capital Markets Company GmbH Germany
Capco Austria GmbH Austria
The Capital Markets Company Limited Hong Kong
Capco Consulting Services (Guangzhou) Company Limited China
The Capital Markets Company Limited Canada
The Capital Markets Company S.á.r.l Switzerland
Andrion AG Switzerland
The Capital Markets Company S.A.S France
The Capital Markets Company s.r.o Slovakia
Wipro Ampion Holdings Pty Ltd Australia
Wipro Revolution IT Pty Ltd Australia
Crowdsprint Pty Ltd Australia
Wipro Shelde Australia Pty Ltd Australia
Wipro Appirio, Inc. USA
Wipro Appirio (Ireland) Limited Ireland
Wipro Appirio UK Limited U.K.
Topcoder, LLC. USA
Wipro Designit Services, Inc. USA
Wipro Designit Services Limited Ireland
Wipro do Brasil Technologia Ltda Brazil
Wipro do Brasil Servicos Ltda Brazil
Wipro Do Brasil Sistemas De Informatica Ltda Brazil
Wipro Portugal S.A. Portugal
Wipro Technologies GmbH Germany
Wipro Business Solutions GmbH^(4)^ Germany
Wipro IT Services Austria GmbH Austria
Wipro CRM Services UK Limited U.K.
CloudSocius DMCC United Arab Emirates
^(4)^  Step Subsidiary<br>details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows:
Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
Attune Netherlands B.V. Netherlands
Rizing Consulting USA, Inc. USA
Rizing Germany GmbH Germany
Attune Italia S.R.L Italy
Rizing Management LLC USA
Attune UK Ltd. U.K.
Rizing Pte Ltd. Singapore
Rizing New Zealand Ltd. New Zealand
Rizing Philippines Inc. Philippines
Rizing SDN BHD Malaysia
Rizing Solutions Pty Ltd Australia
Wipro Business Solutions GmbH Germany
Wipro Technology Solutions S.R.L Romania

As at June 30, 2024, the Company held 43.7% interest in Drivestream Inc. and 27% interest in SDVerse 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

5

5. Segment Information

The Company is organized into the following operating segments: IT Services and IT Products.

IT Services: The IT services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”)—Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: communications, media and information services, software and gaming, new age technology, consumer goods, medical devices and life sciences, healthcare, and technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Benelux, the Nordics and Southern Europe. APMEA consists of Australia and New Zealand, India, Middle East, South East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.

IT Products: The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, “Operating Segments”. The CEO 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 segments for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023, year ended March 31, 2024 are as follows:

Particulars Three months ended Year ended
June 30,<br>2024 March 31,<br>2024 June 30,<br>2023 March 31,<br>2024
Audited Audited Audited Audited
Segment revenue
IT Services
Americas 1 67,700 67,229 65,607 268,230
Americas 2 67,338 67,724 68,303 269,482
Europe 60,422 61,344 67,134 253,927
APMEA 23,503 24,499 26,510 102,177
Total of IT Services **** 218,963 **** 220,796 **** 227,554 **** 893,816
IT Products 469 1,159 694 4,127
Total segment revenue **** 219,432 **** 221,955 **** 228,248 **** 897,943
Segment result
IT Services
Americas 1 13,687 14,081 13,537 59,364
Americas 2 15,533 15,791 14,169 59,163
Europe 5,873 7,933 9,968 33,354
APMEA 2,441 3,401 2,800 12,619
Unallocated (1,477 ) (5,011 ) (3,957 ) (20,304 )
Total of IT Services **** 36,057 **** 36,195 **** 36,517 **** 144,196
IT Products (47 ) 143 (161 ) (371 )
Reconciling Items 59 (965 ) (1,840 ) (7,726 )
Total segment result **** 36,069 **** 35,373 **** 34,516 **** 136,099
Finance expenses (3,288 ) (3,308 ) (3,086 ) (12,552 )
Finance and other income 7,480 6,759 6,542 23,896
Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method (45 ) (202 ) 3 (233 )
Profit before tax **** 40,216 **** 38,622 **** 37,975 **** 147,210

Notes:

a) “Reconciling Items” includes elimination of inter-segment transactions and other corporate<br>activities.
b) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.<br>
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6

c) For the purpose of segment reporting, the Company has included the net impact of foreign exchange<br>gains/(losses), net in revenues amounting to ₹ (206), ₹ (128) and ₹ (62) for the three months ended June 30, 2024, March 31, 2024 and June 30, 2023 respectively and ₹ 340 for the year ended March 31, 2024, which is reported under foreign exchange gains/(losses), net in the consolidated financial results.
d) Restructuring cost of<br>₹ Nil, ₹ Nil and ₹ 1,887 is included under Reconciling Items for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023, respectively and ₹ 6,814 for the year ended March 31, 2024.
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e) Reconciling Items for the three months and year ended March 31, 2024 includes employee costs of ₹ 921 towards outgoing CEO and Managing Director.
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f) “Unallocated” within IT Services segment results is after recognition of amortization and impairment<br>expense on intangible assets of ₹ 1,782, ₹ 2,569, ₹ 1,810 and ₹ 11,756 for the three months ended June 30, 2024,<br>March 31, 2024, and June 30, 2023 and year ended March 31, 2024 respectively, and change in fair value of contingent consideration of ₹ Nil, ₹ (792), ₹ (16) and<br>₹ (1,300) for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023 and year ended March 31, 2024 respectively.<br>
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g) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,329, ₹ 1,293 and<br>₹ 1,544 for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023, respectively and ₹ 5,590 for the year ended March 31, 2024.
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h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and<br>equipment of ₹ (23), ₹ 102 and ₹ 78 for the three months ended June 30, 2024, March 31, 2024, and June 30, 2023, respectively and<br>₹ (2,072) for the year ended March 31, 2024.
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By order of the Board, For, Wipro Limited
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Place: Bengaluru<br> <br>Date: July 19,<br>2024 Rishad A. Premji<br> <br>Chairman

7

EX-99.5

Exhibit 99.5

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W ipro Limited Highlights for the Quarter ended June 30, 2024 REVENUE QoQ Constant YoY Constant Operating $2.63 Bn Currency Currency Margin 1.0% 4.9% 16.5% STRATEGIC MARKET UNITS MIX 30.9% AMERICAS 1 30.8% AMERICAS 2 27.6% EUROPE 10.7% APMEA SECTOR MIX 34.0% 19.2% 13.9% 11.5% 11.2% 6.4% 3.8% Banking, Energy, Financial Consumer Health Technology Natural Manufacturing Communication Services Resources & Insurance and Utilities TOTAL BOOKINGS LARGE DEAL TCV 11.8% YoY $1.2 Bn 3.6% YoY BOOKINGS $3.3 Bn Constant Currency Constant Currency Revenue from our IT Services business segment to be in the range of $2,600 million to OUTLOOK $2,652 million*. This translates to a sequential guidance of (-)1.0% to +1.0% in constant currency terms. for the Quarter ending * Outlook for the Quarter ending September 30, 2024, is based on the following exchange rates: GBP/USD at 1.26, Euro/USD at September 30, 2024 1.08, AUD/USD at 0.66, USD/INR at 83.27 and CAD/USD at 0.73 CUSTOMER CONCENTRATION TOP1 4.0% 13.6% TOP 10 22.5% TOP 5 TOTAL HEADCOUNT 234,391 ATTRITION VOL – TTM 14.1% OFFSHORE REVENUE NET UTILIZATION 87.7% 57.9% PERCENTAGE OF SERVICES EXCLUDING TRAINEES

LOGO

W ipro Limited Results for the Quarter ended June 30, 2024 FY 24-25 FY 23–24 FY 22-23 A IT Services Q1 FY Q4 Q3 Q2 Q1 FY IT Services Revenues ($Mn) 2625.9 10,805.3 2,657.4 2,656.1 2,713.3 2,778.5 11,234.4 Sequential Growth -1.2% -3.8% 0.1% -2.1% -2.3% -2.1% 7.5% Sequential Growth in Constant Currency Note 2 -1.0% -4.4% -0.3% -1.7% -2.0% -2.8% 11.2% Operating Margin % Note 3 16.5% 16.1% 16.4% 16.0% 16.1% 16.0% 15.6% Strategic Market Units Mix Americas 1 30.9% 30.0% 30.4% 31.0% 29.8% 28.8% 28.8% Americas 2 30.8% 30.1% 30.7% 30.0% 29.9% 30.0% 30.8% Europe 27.6% 28.4% 27.8% 27.7% 28.6% 29.5% 28.6% APMEA 10.7% 11.5% 11.1% 11.3% 11.7% 11.7% 11.8% Sectors Mix Banking, Financial Services and Insurance 34.0% 33.4% 33.5% 32.7% 33.6% 33.9% 35.0% Consumer 19.2% 18.8% 18.7% 18.8% 18.7% 18.7% 18.9% Health 13.9% 13.2% 14.1% 13.9% 12.7% 12.2% 11.7% Energy, Natural Resources and Utilities 11.2% 11.8% 11.9% 11.8% 11.6% 12.0% 11.5% Technology 11.5% 11.7% 11.4% 12.1% 12.1% 11.3% 11.3% Manufacturing 6.4% 6.9% 6.6% 6.7% 7.0% 7.3% 6.9% Communications 3.8% 4.2% 3.8% 4.0% 4.3% 4.6% 4.7% Total Bookings Total Bookings TCV ($Mn) Note 4 3,284 14,907 3,607 3,791 3,785 3,724 — Large deal TCV ($Mn) Note 5 1,154 4,573 1,191 909 1,275 1,198 3,897 Guidance ($Mn) Note 1 2617 – 2670 — 2615—2669 2,617-2,672 2,722-2,805 2,753-2,811 — Guidance restated based on 2612 – 2665 — 2624—2678 2,605-2,659 2,712-2,795 2,773-2,831 —actual currency realized ($Mn) Revenues performance against guidance ($Mn) 2626 — 2,657 2,656 2,713 2,779 —

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FY 24-25 FY 23–24 FY 22-23 Q1 FY Q4 Q3 Q2 Q1 FY Customer size distribution (TTM) > $100Mn 22 22 22 22 22 21 19 > $75Mn 29 32 32 31 28 28 29 > $50Mn 43 45 45 46 51 51 53 > $20Mn 117 116 116 121 122 123 117 > $10Mn 192 205 205 203 207 207 210 > $5Mn 301 301 301 305 313 319 315 > $3Mn 407 409 409 430 437 444 436 > $1Mn 735 741 741 750 774 769 766 Revenue from Existing customers % 99.7% 98.9% 97.8% 98.8% 99.1% 99.6% 97.4% 437 Number of new customers 43 229 60 55 49 65 Total Number of active customers 1,364 1,371 1,371 1,349 1,393 1,444 1,479 Customer Concentration Top customer 4.0% 3.0% 3.8% 3.0% 3.0% 3.1% 3.2% Top 5 13.6% 13.0% 13.4% 12.1% 12.3% 12.5% 12.9% Top 10 22.5% 21.4% 22.0% 20.5% 20.6% 20.5% 20.7% % of Revenue USD 61% 60% 60% 61% 60% 59% 61% GBP 11% 11% 11% 10% 11% 11% 10% EUR 10% 10% 10% 10% 10% 11% 10% INR 4% 5% 5% 5% 5% 5% 5% AUD 4% 4% 4% 4% 4% 4% 4% CAD 3% 3% 3% 3% 3% 3% 3% Others 7% 7% 7% 7% 7% 7% 7% Closing Employee Count 234,391 234,054 234,054 240,234 244,707 249,758 258,570 Sales & Support Staff (IT Services) 15,539 15,601 15,601 15,833 16,778 16,942 16,999 Utilization Note 1 & 6 Net Utilization (Excluding Trainees) 87.7% 84.8% 86.9% 84.0% 84.5% 83.7% 81.2% Attrition Voluntary TTM (IT Services excl. DOP) 14.1% 14.2% 14.2% 14.2% 15.5% 17.3% 19.4% DOP % — Post Training Quarterly 8.3% 9.1% 8.9% 8.3% 9.8% 9.2% 9.9%

LOGO

FY 24-25 FY 23–24 FY 22-23 B Q1 FY Q4 Q3 Q2 Q1 FY Revenue Mix Note 6 Revenue from FPP 57.6% 59.2% 58.9% 59.9% 58.4% 59.7% 59.4% Offshore Revenue — % of Services 57.9% 59.9% 60.4% 59.8% 59.9% 59.5% 59.3% Growth Metrics C Note 2 for the Quarter ended June 30, 2024, Q1’25 Q1’25 Q1’25 Q1’25 Reported Reported CC CC QoQ% YoY% QoQ% YoY% IT Services -1.2% -5.5% -1.0% -4.9% Strategic Market Units Americas 1 0.3% 1.3% 0.4% 1.4% Americas 2 -0.9% -3.0% -0.7% -2.5% Europe -1.9% -11.6% -1.4% -10.7% APMEA -4.4% -13.2% -4.2% -11.7% Sectors Banking, Financial Services and Insurance 0.3% -5.3% 0.5% -4.8% Consumer 1.5% -2.9% 1.6% -2.3% Health -2.9% 7.0% -2.8% 7.2% Energy, Natural Resources and Utilities -6.5% -12.0% -6.3% -11.1% Technology -0.7% -3.8% -0.5% -3.2% Manufacturing -3.4% -15.7% -3.0% -14.5% Communications -2.0% -21.9% -1.8% -20.6% D Annexure to Datasheet Segment-wise breakup of Q1 FY24-25 (INR Mn) Cost of Revenues, S&M and G&A Reconciling Particulars IT Services IT Products Total Items Cost of revenues 152,801 501 4 153,306 Selling and marketing expenses 15,831 10 3 15,844 General and administrative expenses 14,274 5 -66 14,213 Total 182,906 516 -59 183,363 Note 1: Guidance and Utilization numbers for FY24 have not been restated to include India State Run Enterprise (ISRE) business. All other numbers for the previous quarters have been restated to include ISRE business Note 2: Constant currency (CC) for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period Note 3: IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials Note 4: Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and changes to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2 Note 5: Large deal bookings constitute of deals greater than or equal to $30 million in total contract value terms Note 6: IT Services excluding DOP (Digital Operations and Platforms) and entities which are not integrated in Wipro limited systems until that quarter.

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