6-K
Wipro Ltd (WIT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of April 2026
Commission File Number 001-16139
Wipro Limited
(Translation of Registrant’s name into English)
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 of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
NOTICE REGARDING OUTCOME OF BOARD MEETING AND
BOARD APPROVAL OF BUYBACK
Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information relating to the outcome of the meeting of the Board of Directors of the Company (the “Board”) held over April 15-16, 2026. 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 April 16, 2026, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange (together, the “Exchanges”) that the Board approved:
| 1. | the financial results of the Company for the quarter and year ended March 31, 2026; |
|---|---|
| 2. | the reappointment of Ms. Tulsi Naidu as an Independent Director of the Company for a second term of 5 years<br>with effect from July 1, 2026 to June 30, 2031, subject to the approval of the shareholders of the Company; and |
| --- | --- |
| 3. | a proposal to buyback up to 60,00,00,000 (Sixty Crore) fully paid-up<br>equity shares of ₹ 2/- (Rupees Two only), being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding<br>₹ 1,50,00,00,00,000/- (Rupees Fifteen Thousand Crore only), at a price of<br>₹ 250/- (Rupees Two Hundred and Fifty only) per equity share. The proposed buyback is subject to approval of shareholders by way of a special resolution through a<br>postal ballot. |
| --- | --- |
A copy of the letter to the Exchanges concerning the above is attached to this Form 6-K as Item 99.1.
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 authorized.
| WIPRO LIMITED |
|---|
| /s/ M. Sanaulla Khan |
| M. Sanaulla Khan |
| Senior Vice President and Company Secretary |
Dated: April 17, 2026
INDEX TO EXHIBITS
| Item | |
|---|---|
| 99.1 | Letter to the Exchanges dated April 16, 2026. |
EX-99.1
Exhibit 99.1
April 16, 2026
The Manager – Listing
BSE Limited
(BSE: 507685)
The Manager – Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Market Operations Department,
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting
The Board of Directors (“Board”) of Wipro Limited (“Company”), have at their meeting held over April 15-16, 2026, considered and approved the following:
| 1. | Financial results of the Company for the quarter and year ended March 31, 2026, as per Regulation 33 of<br>the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We are enclosing Audited Standalone and Consolidated financial results under lndAS and Audited Consolidated financial results under IFRS for the quarter and year ended<br>March 31, 2026, together with the Auditor’s Report, as approved by the Board today. The financial results are also being made available on the Company’s website at www.wipro.com. |
|---|---|
| 2. | Re-appointment of Ms. Tulsi Naidu (DIN: 03017471) as an<br>Independent Director of the Company for a second term of 5 years w.e.f. July 1, 2026, to June 30, 2031, subject to approval of the shareholders of the Company. |
| --- | --- |
| 3. | The proposal to buyback up to 60,00,00,000 (Sixty Crore Only) fully paid-up equity shares of ₹ 2/- (Rupees Two only), being 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹ 1,50,00,00,00,000/- (Rupees Fifteen Thousand Crore only) (hereinafter referred to as the “Buyback Size”), at a price of<br>₹ 250/- (Rupees Two Hundred and Fifty only) per equity share (hereinafter the “Buyback Price” and such buyback, the<br>“Buyback”). |
| --- | --- |
The Buyback is proposed to be made from the existing shareholders of the Company (including persons who become shareholders by cancelling American Depository Receipts and receiving underlying equity shares) as on the record date on a proportionate basis under the tender offer route in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (“Buyback Regulations”) and the Companies Act, 2013 and rules made thereunder. The Buyback Size does not include transaction costs viz. brokerage, applicable taxes such as securities transaction tax, goods and service tax, stamp duty, any expenses incurred or to be incurred for the Buyback like filing fees payable, advisors/legal fees, intermediary fees, public announcement publication expenses, printing, dispatch expenses and other incidental and related expenses.
Members of the promoter and promoter group of the Company have indicated their intention to participate in the proposed Buyback.
The proposed Buyback is subject to approval of shareholders by way of a special resolution through a postal ballot. The process, timelines and other requisite details with regard to the postal ballot will be communicated in due course.
The process, record date, timelines and other requisite details with respect to the Buyback will be set out in the public announcement and the letter of offer to be published in accordance with the Buyback Regulations.
The Company has formed a Committee to oversee and implement the Buyback and to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the proposed Buyback.
The details as required under Regulation 30 of Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD/2/I/3762/2026 dated January 30, 2026 are set out in Annexure “A” and Annexure “B”.
The Board Meeting commenced on April 15, 2026 at 4 PM. The Board of Directors finally approved the aforesaid resolutions at their meeting held on April 16, 2026, which concluded at 3:55 PM.
This is for your information and records.
Thanking you,
For Wipro Limited
/s/ M Sanaulla Khan
M Sanaulla Khan
Company Secretary
ENCL: As above.
| Chartered Accountants<br> <br>Prestige Trade<br>Tower, Level 19<br> <br>46, Palace Road, High Grounds<br> <br>Bengaluru-560 001<br> <br>Karnataka, India<br> <br><br><br><br>Tel: +91 80 6188 6000<br> <br>Fax: +91 80 6188 6011 |
|---|
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF STANDALONE FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Standalone Financial Results of WIPRO LIMITED (“the Company”), for three months and year ended March 31, 2026 (the “Statement”/ “Standalone Financial Results”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
| a. | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and<br> |
|---|---|
| b. | gives a true and fair view in conformity with the recognition and measurement principles laid down in the<br>Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act 2013 (“the Act”) read with relevant rules issued thereunder and other accounting<br>principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the three months and year ended March 31, 2026. |
| --- | --- |
Basis for Opinion
We conducted our audit of the Standalone Financial Results in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors, and has been approved by them for the issuance. The Statement has been compiled from the related audited Interim Condensed Standalone Financial Statements for the three months and year ended March 31, 2026. The Company’s Board of Directors are responsible for the preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company in accordance with the recognition and measurement principles laid down in Ind AS 34 prescribed under section 133 of the Act, read with relevant rules issued
Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Standalone Financial Results, the Management and Board of Directors is responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the financial reporting process of the Company.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud<br>or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is<br>higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. |
|---|---|
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures<br>that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| --- | --- |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and<br>related disclosures made by the Board of Directors. |
| --- | --- |
| • | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the<br>requirements specified under Regulation 33 of the LODR Regulations. |
| --- | --- |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting<br>and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material<br>uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained<br>up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. |
|---|---|
| • | Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the<br>disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| --- | --- |
| • | Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express<br>an opinion on the Standalone Financial Results. |
| --- | --- |
Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
| For DELOITTE HASKINS & SELLS LLP |
|---|
| Chartered Accountants |
| (Firm’s Registration No. 117366W/W- 100018) |
| /s/ Anand Subramanian |
| Anand Subramanian |
| Partner |
| (Membership No. 110815)<br><br><br>UDIN: |
Bengaluru, April 16, 2026
WIPRO LIMITED
CIN- L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakannelli, Sarjapur Road,
Bengaluru-560035, India
Website : www.wipro.com ; Email : info@wipro.com ;Tel:+91-80-2844 0011; Fax: +91-80-2844 0054
AUDITED STANDALONE FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR
ENDED MARCH 31, 2026 UNDER Ind AS ****
(₹ in millions, except share and per share data, unless otherwise stated)
| Particulars | Three months ended | Year ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March 31,2026 | December31, 2025 | March 31,2025 | March 31,2026 | March 31,2025 | |||||||||||
| Income | |||||||||||||||
| I Revenue from operations | 183,628 | 180,169 | 174,294 | 713,451 | 685,750 | ||||||||||
| II Other income | 7,861 | 10,284 | 14,021 | 47,491 | 39,477 | ||||||||||
| III Total Income (I+II) | **** | 191,489 | **** | **** | 190,453 | **** | **** | 188,315 | **** | **** | 760,942 | **** | **** | 725,227 | **** |
| IV Expenses | |||||||||||||||
| a) Purchases of stock-in-trade | 1,150 | 947 | 588 | 3,352 | 2,113 | ||||||||||
| b) Changes in inventories of<br>stock-in-trade | 205 | (45 | ) | (27 | ) | 148 | 90 | ||||||||
| c) Employee benefits expense | 96,853 | 98,496 | 95,596 | 388,809 | 383,850 | ||||||||||
| d) Finance costs | 2,918 | 2,753 | 2,537 | 10,959 | 10,018 | ||||||||||
| e) Depreciation, amortisation and impairment expense | 3,488 | 3,563 | 3,885 | 14,182 | 15,013 | ||||||||||
| f) Sub-contracting and technical fees | 33,564 | 30,886 | 28,905 | 126,442 | 112,812 | ||||||||||
| g) Facility expenses | 3,229 | 3,229 | 3,287 | 12,542 | 12,350 | ||||||||||
| h) Travel | 3,048 | 2,432 | 2,690 | 11,447 | 11,646 | ||||||||||
| i) Communication | 593 | 573 | 641 | 2,333 | 2,335 | ||||||||||
| j) Legal and professional charges | 1,615 | 1,638 | 2,286 | 6,075 | 7,189 | ||||||||||
| k) Software license expense for internal use | 4,529 | 4,527 | 4,194 | 17,331 | 16,023 | ||||||||||
| l) Marketing and brand building | 831 | 636 | 833 | 3,031 | 3,117 | ||||||||||
| m) Other expenses | (1,316 | ) | 2,871 | 2,249 | 5,239 | 2,546 | |||||||||
| Total Expenses (IV) | **** | 150,707 | **** | **** | 152,506 | **** | **** | 147,664 | **** | **** | 601,890 | **** | **** | 579,102 | **** |
| V Profit before tax (III-IV) | **** | 40,782 | **** | **** | 37,947 | **** | **** | 40,651 | **** | **** | 159,052 | **** | **** | 146,125 | **** |
| VI Tax expense | |||||||||||||||
| a) Current tax | 11,002 | 8,605 | 11,976 | 38,349 | 39,934 | ||||||||||
| b) Deferred tax | (591 | ) | 1,520 | (554 | ) | (593 | ) | (2,940 | ) | ||||||
| Total tax expense (VI) | **** | 10,411 | **** | **** | 10,125 | **** | **** | 11,422 | **** | **** | 37,756 | **** | **** | 36,994 | **** |
| VII Profit for the period(V-VI) | **** | 30,371 | **** | **** | 27,822 | **** | **** | 29,229 | **** | **** | 121,296 | **** | **** | 109,131 | **** |
| VIII Other comprehensive income (OCI) | |||||||||||||||
| Items that will not be reclassified to profit or loss: | |||||||||||||||
| Re-measurements of the defined benefit plans, net | 395 | (293 | ) | (56 | ) | 222 | 316 | ||||||||
| Net change in fair value of investment in equity instruments measured at fair value through<br>OCI | (7 | ) | 155 | (5 | ) | 134 | (9 | ) | |||||||
| Deferred taxes relating to items that will not be reclassified to profit or loss | (94 | ) | 72 | 24 | (49 | ) | (73 | ) | |||||||
| Items that will be reclassified to profit or loss: | |||||||||||||||
| Net change in time value of option contracts designated as cash flow hedges | 175 | 186 | (125 | ) | 73 | (248 | ) | ||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges | (941 | ) | 81 | 447 | (1,622 | ) | 193 | ||||||||
| Net change in fair value of forward contracts designated as cash flow hedges | (4,548 | ) | (613 | ) | 1,139 | (7,478 | ) | (787 | ) | ||||||
| Net change in fair value of investment in debt instruments measured at fair value through<br>OCI | (1,887 | ) | (583 | ) | 438 | (2,413 | ) | 1,189 | |||||||
| Deferred taxes relating to items that will be reclassified to profit or loss | 1,505 | 158 | (469 | ) | 2,468 | (24 | ) | ||||||||
| Total other comprehensive income for the period, net oftaxes | **** | (5,402 | ) | **** | (837 | ) | **** | 1,393 | **** | **** | (8,665 | ) | **** | 557 | **** |
| IX Total comprehensive income for the period (VII+VIII) | **** | 24,969 | **** | **** | 26,985 | **** | **** | 30,622 | **** | **** | 112,631 | **** | **** | 109,688 | **** |
1
| X Paid up equity share capital (Par value 2 per share) | 20,974 | 20,944 | 20,977 | 20,944 |
|---|---|---|---|---|
| XI Reserve excluding revaluation reserves as per balance sheet | 615,820 | 613,930 | ||
| XII Earnings per equity share | ||||
| (Equity shares of par value 2/-<br>each) (EPS for the three months ended periods are not annualised) | ||||
| Basic (in ) | 2.66 | 2.80 | 11.59 | 10.44 |
| Diluted (in ) | 2.65 | 2.78 | 11.55 | 10.40 |
All values are in Indian Rupees.
| 1. | The audited standalone financial results for the three months and year ended March 31, 2026 have<br>been approved by the Board of Directors of the Company at its meeting held on April 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit report with unmodified opinion on the<br>standalone financial results for the three months and year ended March 31, 2026. |
|---|---|
| 2. | The above audited standalone financial results have been prepared on the basis of the audited interim<br>condensed standalone financial statements, for the year ended March 31, 2026, and the audited interim condensed standalone financial statements, for the nine months ended December 31, 2025, which are prepared in accordance with Indian<br>Accounting Standards (“Ind AS”), the provisions of the Companies Act. 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India **(“SEBI”).**The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. The figures of last quarter are the balancing figures between<br>audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the current financial year. All amounts included<br>in the standalone financial results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise<br>stated. |
| --- | --- |
| 3. | Vide its order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench,<br>approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited<br>and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025. The Scheme has been accounted for under the “Pooling of Interests Method” as prescribed under<br>Appendix C of Ind AS 103, “Business Combinations” as per the terms of the court order. Prior period numbers have been restated to give effect as if this merger had occurred from the beginning of the preceding period in the financial<br>statements i.e. April 01, 2024. |
| --- | --- |
Accordingly, the carrying value of assets, liabilities and reserves pertaining to these entities as appearing in the consolidated financials statements of Wipro Limited has been recognised in the standalone financial statements of Wipro Limited on account of merger effective April 01, 2024.
| 4. | The Company publishes these standalone financial results along with the consolidated financial results.<br>In accordance with Ind AS 108, “Operating Segments”, the Company has disclosed the segment information in the interim condensed consolidated financial statements and is incorporated in the consolidated financial results.<br> |
|---|---|
| 5. | Gain/(loss) on sale of property, plant and equipment, for the year ended March 31, 2026, includes<br>gain on transfer of building of ₹ 405 and for the year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer of<br>building along with other assets of ₹ 885. |
| --- | --- |
| 6. | Other expenses includes reversal of impairment in the value of investment in subsidiary of ₹ 1,608 for the three months and year ended March 31, 2026 and net of insurance claim received of<br>₹ 1,805 during the year ended March 31, 2025. |
| --- | --- |
| 7. | Employee benefits expense includes impact of past service cost on gratuity and remeasurement of leave<br>encashment due to implementation of new labour code amounting to ₹ (353) and ₹ 2,915<br>for the three months ended March 31, 2026 and December 31, 2025, respectively, and ₹ 2,562 for the year ended March 31, 2026. |
| --- | --- |
| 8. | Issue of bonus shares |
| --- | --- |
During the year ended March 31, 2025, the company concluded bonus issue in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024. the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserve, securities premium and retained earnings to the share capital.
| 9. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately,<br>replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in<br>the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
|---|
The Company has concluded the salary restructuring exercise in compliance with the Labour Codes. The implementation of the Labour Code has resulted in a net increase of ₹ 2.562 in the provision for gratuity and remeasurement of leave encashment, which has been recognised as employee benefit expense in the current year. The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes.
| 10. | During the year ended March 31, 2026, the Company paid an interim dividend of ₹ 11 per equity share (₹ 5 declared on July 17. 2025 and ₹ 6 declared on January 16, 2026). |
|---|
2
| 11. | Audited Balance Sheet: | |||
|---|---|---|---|---|
| As at March 31, 2026 | As at March 31, 2025 | |||
| --- | --- | --- | --- | --- |
| ASSETS | ||||
| Non-current assets | ||||
| Property, plant and equipment | 68,146 | 70,517 | ||
| Right-of-Use<br>assets | 14,506 | 12,909 | ||
| Capital<br>work-in-progress | 4,122 | 1,785 | ||
| Goodwill | 6,098 | 6,082 | ||
| Other intangible assets | 430 | 721 | ||
| Financial assets | ||||
| Investments | 242,145 | 204,399 | ||
| Derivative assets | — | ^ | ||
| Unbilled receivables | 7,010 | — | ||
| Other financial assets | 4,291 | 3,538 | ||
| Deferred tax assets (net) | 2,102 | 453 | ||
| Non-current tax assets (net) | 5,558 | 7,075 | ||
| Other non-current assets | 6,848 | 5,474 | ||
| Total non-current assets | **** | 361,256 | **** | 312,953 |
| Current assets | ||||
| Inventories | 468 | 622 | ||
| Financial assets | ||||
| Investments | 394,720 | 409,568 | ||
| Derivative assets | 888 | 1,578 | ||
| Trade receivables | 96,616 | 80,796 | ||
| Unbilled receivables | 46,202 | 37,436 | ||
| Cash and cash equivalents | 26,778 | 44,342 | ||
| Other financial assets | 6,694 | 5,973 | ||
| Current tax assets (net) | 6,308 | 3,781 | ||
| Contract assets | 7,352 | 9,815 | ||
| Other current assets | 26,142 | 22,408 | ||
| Total current assets | **** | 612,168 | **** | 616,319 |
| TOTAL ASSETS | **** | 973,424 | **** | 929,272 |
| EQUITY AND LIABILITIES | ||||
| EQUITY | ||||
| Equity share capital | 20,977 | 20,944 | ||
| Other equity | 615,820 | 613,930 | ||
| TOTAL EQUITY | **** | 636,797 | **** | 634,874 |
| LIABILITIES | ||||
| Non-current liabilities | ||||
| Financial liabilities | ||||
| Lease liabilities | 15,213 | 11,978 | ||
| Trade payables | ||||
| (a) Total outstanding dues of micro enterprises and small enterprises | **** | — | **** | — |
| (b) Total outstanding dues of creditors other than micro enterprises and small<br>enterprises | 3,719 | — | ||
| Other financial liabilities | 731 | 1,051 | ||
| Provisions | 1,838 | 2,600 | ||
| Deferred lax liabilities (net) | — | 1,315 | ||
| Non-current tax liabilities (net) | 44,420 | 38,525 | ||
| Other non-current liabilities | 17,877 | 12,703 | ||
| Total non-current liabilities | **** | 83,798 | **** | 68,172 |
| Current liabilities | ||||
| Financial liabilities | ||||
| Borrowings | 61,500 | 60,500 | ||
| Lease liabilities | 4,148 | 3,813 | ||
| Derivative liabilities | 9,799 | 968 | ||
| Trade payables | ||||
| (a) Total outstanding dues of micro enterprises and small enterprises | 2,315 | 1,286 | ||
| (b) Total outstanding dues of creditors other than micro enterprises and small<br>enterprises | 57,788 | 66,537 | ||
| Other financial liabilities | 28,681 | 22,656 | ||
| Contract liabilities | 18,829 | 15,162 | ||
| Other current liabilities | 10,479 | 10,037 | ||
| Provisions | 13,058 | 13,167 | ||
| Current tax liabilities (net) | 46,232 | 32,100 | ||
| Total current liabilities | **** | 252,829 | **** | 226,226 |
| TOTAL LIABILITIES | **** | 336,627 | **** | 294,398 |
| TOTAL EQUITY AND LIABILITIES | **** | 973,424 | **** | 929,272 |
| ^ | Value is less than ₹ 0.5<br> | |||
| --- | --- |
3
| 12. | Audited Statement of Cash Flows: | |||||
|---|---|---|---|---|---|---|
| Year ended March 31, | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| 2026 | 2025 | |||||
| Cash flows from operating activities | ||||||
| Profit for the year | 121,296 | 109,131 | ||||
| Adjustments to reconcile profit for the year to net cash generated from operatingactivities | ||||||
| Gain on sale of property, plant and equipment, net | (415 | ) | (712 | ) | ||
| Depreciation, amortisation and impairment expense | 14,182 | 15,013 | ||||
| Unrealised exchange (gain)/loss and net exchange (gain)/loss on loans to subsidiaries | (1,496 | ) | (788 | ) | ||
| Share-based compensation expense | 3,874 | 4,847 | ||||
| Income tax expense | 37,756 | 36,994 | ||||
| Lifetime expected credit loss | 2,729 | 829 | ||||
| Finance and other income, net of finance costs | (32,945 | ) | (28,187 | ) | ||
| Diminution in the value of non-current<br>investments | (1,554 | ) | 359 | |||
| Changes in operating assets and liabilities | ||||||
| (Increase)/Decrease in trade receivables | (17,933 | ) | 3,627 | |||
| (Increase)/Decrease in unbilled receivables and contract assets | (13,532 | ) | (2,920 | ) | ||
| (Increase)/Decrease in inventories | 154 | 107 | ||||
| (Increase)/Decrease in other financial assets and other assets | (2,735 | ) | 5,740 | |||
| Increase/(Decrease) in trade payables, other financial liabilities, other liabilities and<br>provisions | 1,992 | 9,341 | ||||
| Increase/(Decrease) in contract liabilities | 3,667 | 845 | ||||
| Cash generated from operating activities before taxes | **** | 115,040 | **** | **** | 154,226 | **** |
| Income taxes paid, net | (19,332 | ) | (20,860 | ) | ||
| Net cash generated from operating activities | **** | 95,708 | **** | **** | 133,366 | **** |
| Cash flows from investing activities | ||||||
| Payment for purchase of property, plant and equipment | (12,350 | ) | (10,956 | ) | ||
| Proceeds from disposal of property, plant and equipment | 648 | 1,789 | ||||
| Payment for purchase of investments | (778,407 | ) | (797,809 | ) | ||
| Proceeds from sale of investments | 796,704 | 704,597 | ||||
| Investment in subsidiaries | (33,548 | ) | (51 | ) | ||
| Repayment of security deposit for property, plant and equipment | **** | — | **** | (300 | ) | |
| Interest received | 26,680 | 23,818 | ||||
| Dividend received | 11,065 | 5,163 | ||||
| Net cash generated from/(used in) investing activities | **** | 10,792 | **** | **** | (73,749 | ) |
| Cash flows from financing activities | ||||||
| Proceeds from issuance of equity shares and shares pending allotment | 33 | 27 | ||||
| Repayment of borrowings | (218,000 | ) | (176,000 | ) | ||
| Proceeds from borrowings | 219,000 | 194,750 | ||||
| Payment of lease liabilities including interest | (5,754 | ) | (5,254 | ) | ||
| Payment of dividend | (115,206 | ) | (62,750 | ) | ||
| Interest and finance costs paid | (4,343 | ) | (4,810 | ) | ||
| Net cash used in financing activities | **** | (124,270 | ) | **** | (54,037 | ) |
| Net increase/(decrease) in cash and cash equivalents during the year | **** | (17,770 | ) | **** | 5,580 | **** |
| Effect of exchange rate changes on cash and cash equivalents | 206 | (293 | ) | |||
| Cash and cash equivalents at the beginning of the year | 44,342 | 39,055 | ||||
| Cash and cash equivalents at the end of the year | **** | 26,778 | **** | **** | 44,342 | **** |
| 13. | Events after the reporting period | |||||
| --- | --- |
On April 16, 2026, the Board of Directors approved a proposal to buyback of equity shares, subject to the approval of shareholders, for purchase by the Company of up to 600,000,000 equity shares of ₹ 2 each (being 5.7% of total number of equity shares) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 per equity share for an aggregate amount not exceeding ₹ 150,000, in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013 and rules made there under.
| By order of the Board, | For, Wipro Limited |
|---|---|
| /s/ Rishad A. Premji | |
| Place: Bengaluru | Rishad A. Premji |
| Date: April 16, 2026 | Chairman |
4
| Chartered Accountants<br> <br>Prestige Trade<br>Tower, Level 19<br> <br>46, Palace Road, High Grounds<br> <br>Bengaluru-560 001<br> <br>Karnataka, India<br> <br><br><br><br>Tel: +91 80 6188 6000<br> <br>Fax: +91 80 6188 6011 |
|---|
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of WIPRO LIMITED (the “Company”) and its subsidiaries (the Company and its subsidiaries together referred to as “the Group”) for the three months and year ended March 31, 2026 (“the Statement”/” Consolidated Financial Results”) being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
| a. | includes the financial results of the entities as listed in note 5 to the Statement; |
|---|---|
| b. | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and<br> |
| --- | --- |
| c. | gives a true and fair view in conformity with the recognition and measurement principles laid down in the<br>Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act 2013 (“the Act”) read with relevant rules issued thereunder and other accounting<br>principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the three months and year ended March 31, 2026. |
| --- | --- |
Basis for Opinion
We conducted our audit of the Consolidated Financial Results in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section below. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations.
Regd. Office: One international Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of Consolidated Financial Results by the Directors of the Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to<br>fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is<br>higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. |
|---|---|
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures<br>that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| --- | --- |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and<br>related disclosures made by the Board of Directors. |
| --- | --- |
| • | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the<br>requirements specified under Regulation 33 of the LODR Regulations. |
| --- | --- |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting<br>and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty<br>exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence<br>obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. |
|---|---|
| • | Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the<br>disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| --- | --- |
| • | Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to<br>express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of entities included in the Consolidated Financial Results. |
| --- | --- |
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
/s/ Anand Subramanian
Anand Subramanian
Partner
(Membership No.110815)
UDIN:
Bengaluru, April 16, 2026
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: +91-80-2844 0054
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED
MARCH 31, 2026 UNDER IND AS
(₹ in millions,except share and per share data, unless otherwise stated)
| Particulars | Three months ended | Year ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March<br>31, 2026 | December31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March<br>31, 2025 | |||||||||||
| Income | |||||||||||||||
| I Revenue from operations | 242,363 | 235,558 | 225,042 | 926,240 | 890,884 | ||||||||||
| II Other income | 8,542 | 10,053 | 11,883 | 38,737 | 38,840 | ||||||||||
| III Total Income (I+II) | **** | 250,905 | **** | **** | 245,611 | **** | **** | 236,925 | **** | **** | 964,977 | **** | **** | 929,724 | **** |
| IV Expenses | |||||||||||||||
| a) Purchases of stock-in-trade | 1,678 | 2,476 | 810 | 5,755 | 2,967 | ||||||||||
| b) Changes in inventories of<br>stock-in-trade | 237 | (15 | ) | 31 | 171 | 195 | |||||||||
| c) Employee benefits expense | 143,408 | 142,009 | 133,454 | 555,855 | 533,477 | ||||||||||
| d) Finance costs | 3,701 | 3,656 | 3,767 | 14,577 | 14,770 | ||||||||||
| e) Depreciation, amortisation and impairment expense | 7,285 | 8,050 | 7,217 | 29,107 | 29,579 | ||||||||||
| f) Sub-contracting and technical fees | 27,925 | 27,667 | 24,896 | 107,668 | 100,148 | ||||||||||
| g) Facility expenses | 4,082 | 4,087 | 4,113 | 15,886 | 16,067 | ||||||||||
| h) Travel | 3,702 | 3,054 | 3,158 | 13,882 | 14,095 | ||||||||||
| i) Communication | 895 | 831 | 899 | 3,414 | 3,842 | ||||||||||
| j) Legal and professional charges | 2,661 | 2,836 | 3,133 | 10,199 | 11,270 | ||||||||||
| k) Software license expense for internal use | 5,805 | 5,701 | 4,951 | 21,720 | 19,338 | ||||||||||
| l) Marketing and brand building | 923 | 774 | 917 | 3,480 | 3,591 | ||||||||||
| m) Lifetime expected credit loss/(write-back) | (144 | ) | 973 | 365 | 2,838 | 324 | |||||||||
| n) Other expenses | 2,098 | 2,201 | 2,075 | 7,260 | 5,358 | ||||||||||
| Total Expenses | **** | 204,256 | **** | **** | 204,300 | **** | **** | 189,786 | **** | **** | 791,812 | **** | **** | 755,021 | **** |
| V Share of net profit/(loss) of associate and joint venture accounted for using the<br>equity method | 27 | 28 | 291 | 257 | 254 | ||||||||||
| VI Profit before tax(III-IV+V) | **** | 46,676 | **** | **** | 41,339 | **** | **** | 47,430 | **** | **** | 173,422 | **** | **** | 174,957 | **** |
| VII Tax expense | |||||||||||||||
| a) Current tax | 13,001 | 8,279 | 13,056 | 42,665 | 45,405 | ||||||||||
| b) Deferred tax | (1,541 | ) | 1,610 | (1,507 | ) | (1,898 | ) | (2,628 | ) | ||||||
| Total tax expense | **** | 11,460 | **** | **** | 9,889 | **** | **** | 11,549 | **** | **** | 40,767 | **** | **** | 42,777 | **** |
| VIII Profit for the period (VI-VII) | **** | 35,216 | **** | **** | 31,450 | **** | **** | 35,881 | **** | **** | 132,655 | **** | **** | 132,180 | **** |
| IX Other comprehensive income (OCI) | |||||||||||||||
| Items that will not be reclassified to profit or loss: | |||||||||||||||
| Remeasurements of the defined benefit plans, net | 462 | (317 | ) | 98 | 142 | 323 | |||||||||
| Net change in fair value of investment in equity instruments measured at fair value through<br>OCI | (964 | ) | (422 | ) | (2,950 | ) | (1,452 | ) | (3,619 | ) | |||||
| Deferred taxes relating to items that will not be reclassified to profit or loss | (98 | ) | 77 | 33 | (6 | ) | 94 | ||||||||
| Items that will be reclassified to profit or loss: | |||||||||||||||
| Foreign currency translation differences relating to foreign operations | 21,383 | 4,990 | 1,769 | 46,126 | 7,216 | ||||||||||
| Reclassification of foreign currency translation differences on liquidation of subsidiaries to<br>statement of profit and loss | — | — | (55 | ) | — | (41 | ) | ||||||||
| Net change in time value of option contracts designated as cash flow hedges | 175 | 186 | (125 | ) | 73 | (248 | ) | ||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges | (941 | ) | 81 | 447 | (1,622 | ) | 193 | ||||||||
| Net change in fair value of forward contracts designated as cash flow hedges | (4,809 | ) | (727 | ) | 1,102 | (7,902 | ) | (993 | ) | ||||||
| Net change in fair value of investment in debt instruments measured at fair value through<br>OCI | (1,887 | ) | (583 | ) | 438 | (2,413 | ) | 1,189 | |||||||
| Deferred taxes relating to items that will be reclassified to profit or loss | 1,571 | 186 | (459 | ) | 2,576 | 34 | |||||||||
| Total other comprehensive income for the period, net of taxes | **** | 14,892 | **** | **** | 3,471 | **** | **** | 298 | **** | **** | 35,522 | **** | **** | 4,148 | **** |
| Total comprehensive income for the period (VIII+IX) | **** | 50,108 | **** | **** | 34,921 | **** | **** | 36,179 | **** | **** | 168,177 | **** | **** | 136,328 | **** |
1
| X Profit for the period attributable to: | ||||
|---|---|---|---|---|
| Equity holders of the Company | 31,190 | 35,696 | 131,974 | 131,354 |
| Non-controlling interests | 260 | 185 | 681 | 826 |
| Total comprehensive income for the period attributable to: | 31,450 | 35,881 | 132,655 | 132,180 |
| Equity holders of the Company | 34,635 | 36,012 | 167,250 | 135,480 |
| Non-controlling interests | 286 | 167 | 927 | 848 |
| 34,921 | 36,179 | 168,177 | 136,328 | |
| XI Paid up equity share capital (Par value 2 per share) | 20,974 | 20,944 | 20,977 | 20,944 |
| XII Reserves excluding revaluation reserves and<br>Non-controlling interests as per balance sheet | 859,206 | 802,697 | ||
| XIII Earnings per equity share (EPS) | ||||
| (Equity shares of par value 2/-<br>each) | ||||
| (EPS for the three months periods are not annualised) | ||||
| Basic (in ) | 2.98 | 3.41 | 12.60 | 12.56 |
| Diluted (in ) | 2.97 | 3.39 | 12.56 | 12.52 |
All values are in Indian Rupees.
| 1. | The audited consolidated financial results of the Company for the three months and year ended March 31,<br>2026. have been approved by the Board of Directors of the Company at its meeting held on April 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion<br>on the consolidated financial results for the three months and year ended March 31, 2026. | |||||
|---|---|---|---|---|---|---|
| 2. | The above audited consolidated financial results have been prepared on the basis of the audited interim<br>condensed consolidated financial statements for the year ended March 31, 2026. and the audited interim condensed consolidated financial statements for the nine months ended December 31, 2025 which are prepared in accordance with Indian<br>Accounting Standards (“Ind AS”), the provisions of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India **(“SEBI’).**The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. The figures of last quarter are the balancing figures between<br>audited figures in respect of the full financial year and the published year-to-date figures up to the third quarter of the current financial year. All amounts included<br>in the consolidated financial results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise<br>stated. | |||||
| --- | --- | |||||
| 3. | Gain/(loss) on sale of property, plant and equipment for the year ended March 31, 2026, includes gain on<br>transfer of building of ₹ 405 and for the year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer of building<br>along with other assets of ₹ 885. | |||||
| --- | --- | |||||
| 4. | Other expenses are net of insurance claim received<br>₹ 1,805 for the year ended March 31, 2025. | |||||
| --- | --- | |||||
| 5. | Employee benefits expense includes impact of past service cost on gratuity and remeasurement of leave<br>encashment due to implementation of new labour code amounting to ₹ (272) and ₹<br>3,028 for the three months ended March 31, 2026 and December 31, 2025, respectively, and ₹ 2,756 for the year ended March 31, 2026. | |||||
| --- | --- | |||||
| 6. | List of subsidiaries, associate and joint venture as at March 31, 2026 are provided in the table below: | |||||
| --- | --- | |||||
| Subsidiaries | Subsidiaries | Subsidiaries | Country ofIncorporation | Holding | ||
| --- | --- | --- | --- | --- | --- | --- |
| Attune Consulting India Private Limited | India | 100.00 | % | |||
| Capco Technologies Private Limited | India | 100.00 | % | |||
| Wipro Chengdu Limited | China | 8.96 | % | |||
| Wipro Holdings (UK) Limited | Wipro Technologies SRL | U.K.<br> <br>Romania | 100.00<br> <br>^ | % | ||
| Wipro IT Services Bangladesh Limited | Bangladesh | 100.00 | % | |||
| Wipro IT Services UK Societas | Capco Consulting Middle East FZE ^(2)^<br> <br>Designit A/S | Designit Denmark A/S<br> <br>Designit Germany<br>GmbH<br> <br>Designit Oslo A/S<br> <br>Designit Spain Digital, S.L.U<br><br><br>Designit T.L.V Ltd. | U.K.<br> <br>UAE<br> <br><br><br><br>Denmark<br> <br>Denmark<br><br><br>Germany<br> <br>Norway<br><br><br>Spain<br> <br>Israel | 100.00<br> <br>100.00<br><br><br><br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br> <br><br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br><br><br>% |
2
| Wipro Bahrain Limited Co. W.L.L | Bahrain | 100.00 | % | |
|---|---|---|---|---|
| Wipro Czech Republic IT Services s.r.o. | Czech Republic | 100.00 | % | |
| Wipro CRM Services | Belgium | 100.00 | % | |
| Wipro 4C Consulting France SAS | France | 100.00 | % | |
| Wipro CRM Services B.V. | Netherlands | 100.00 | % | |
| Wipro CRM Services ApS | Denmark | 100.00 | % | |
| Wipro CRM Services UK Limited | U.K. | 100.00 | % | |
| Grove Holdings 2 S.á.r.l | Luxembourg | 100.00 | % | |
| Capco Solution Services GmbH | Germany | 100.00 | % | |
| The Capital Markets Company Italy Srl | Italy | 100.00 | % | |
| Capco Brasil Serviços E | Brazil | 99.99 | % | |
| Consultoria Ltda<br> <br>The Capital Markets<br>Company BV ^(^^1)^ | Belgium | 100.00 | % | |
| PT. WT Indonesia | Indonesia | 99.60 | % | |
| Rainbow Software LLC | Iraq | 100.00 | % | |
| Wipro Arabia Limited | Saudi Arabia | 66.67 | % | |
| Women’s Business Park Technologies Limited | Saudi Arabia | 100.00 | % | |
| Wipro Doha LLC | Qatar | 100.00 | % | |
| Wipro Financial Outsourcing | U.K. | 100.00 | % | |
| Services Limited | Wipro UK Limited | U.K. | 100.00 | % |
| Wipro Gulf LLC | Sultanate of<br>Oman | 99.98 | % | |
| Wipro Information Technology | Netherlands | 100.00 | % | |
| Netherlands BV. | Wipro Gulf LLC | Sultanate of Oman | 0.02 | % |
| Wipro Technologies SA | Argentina | 2.62 | % | |
| Wipro (Thailand) Co. Limited | Thailand | 0.03 | % | |
| Wipro Technologies GmbH | Germany | 14.87 | % | |
| Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 0.07 | % | |
| Wipro do Brasil Technologia Ltda ^(1^^)^ | Brazil | 99.44 | % | |
| Wipro Information Technology Kazakhstan LLP | Kazakhstan | 100.00 | % | |
| Wipro Outsourcing Services (Ireland) Limited | Ireland | 100.00 | % | |
| Wipro Portugal S.A. ^(1)^ | Portugal | 100.00 | % | |
| Wipro Solutions Canada Limited | Canada | 100.00 | % | |
| Wipro Technologies Limited | Russia | 99.99 | % | |
| Wipro Technologies Peru SAC | Peru | 99.98 | % | |
| Wipro Technologies W.T. Sociedad Anonima | Costa Rica | 100.00 | % | |
| Wipro Technology Chile SPA | Chile | 100.00 | % | |
| Applied Value Technologies B.V. | Netherlands | 100.00 | % | |
| Wipro IT Service Ukraine, LLC | Ukraine | 100.00 | % | |
| Wipro IT Services Poland SP Z.O.O | Poland | 100.00 | % | |
| Wipro IT Services S.R.L. | Romania | 100.00 | % | |
| Wipro Regional Headquarter | Saudi Arabia | 100.00 | % | |
| Wipro Technologies Australia Pty | Australia | 100.00 | % | |
| Ltd | Wipro Ampion Holdings Pty Ltd^(1)^ | Australia | 100.00 | % |
| Wipro Technologies SA | Argentina | 97.38 | % | |
| Wipro Technologies SA DE CV | Mexico | 91.08 | % | |
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 69.42 | % | |
| Wipro Technologies Nigeria Limited | Nigeria | 99.84 | % |
3
| Wipro Technologies SRL<br> <br>Wipro (Thailand) Co.<br>Limited<br> <br>Wipro Shanghai Limited<br> <br>Wipro Technologies Nigeria<br>Limited<br> <br>Wipro Technologies Limited<br> <br>Wipro Technologies Peru<br>SAC | Romania<br>Thailand<br> China<br>Nigeria<br><br><br>Russia<br>Peru | 100.00<br> <br>99.97<br><br><br>84.63<br> <br>0.16<br><br><br>0.01<br> <br>0.02 | % <br> <br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>% | ||
|---|---|---|---|---|---|
| Wipro Japan KK | Japan | 100.00 | % | ||
| Wipro Networks Pte Limited | Applied Value Technologies Pte. Limited<br><br><br>Wipro Chengdu Limited<br> <br>PT. WT Indonesia<br><br><br>Wipro (Thailand) Co. Limited<br> <br>Wipro (Dalian) Limited<br><br><br>Wipro Technologies SDN BHD<br> <br>Wipro (Tianjin) Limited ^(3)^ | Singapore<br> Singapore<br>China<br>Indonesia<br>Thailand<br>China<br>Malaysia<br>China | 100.00<br> <br>100.00<br><br><br>91.04<br> <br>0.40<br><br><br>^<br> <br>100.00<br><br><br>100.00<br> <br>100.00 | % <br> <br>%<br> <br>%<br><br><br>%<br> <br><br><br><br>%<br> <br>%<br><br><br>% | |
| Wipro Philippines, Inc. | Philippines | 100.00 | % | ||
| Wipro Shanghai Limited | China | 15.37 | % | ||
| Wipro Travel Services Limited | India | 100.00 | % | ||
| Wipro, LLC | Wipro Technologies SA DE CV<br><br><br>Wipro Gallagher Solutions, LLC<br> <br>Wipro Insurance Solutions, LLC<br><br><br>Wipro IT Services. LLC ^(8)^ | Aggne Global Inc.<br> <br>Edgile, LLC<br><br><br>HealthPlan Services, Inc. ^(1)^<br><br><br>Infocrossing, LLC<br> <br>International TechneGroup<br><br><br>Incorporated ^(1)^<br> <br><br><br><br>Wipro NextGen Enterprise Inc.^(1)^<br><br><br>Rizing Intermediate Holdings, Inc.^(1)^<br><br><br><br> <br>Wipro Appirio, Inc. ^(1)^<br><br><br>Wipro Designit Services, Inc.^(^^1)^<br><br><br>Wipro Telecom Consulting LLC<br> <br>Wipro VLSI Design Services,<br><br><br>LLC<br> <br>Applied Value Technologies, Inc.<br><br><br>Wipro Business Services, LLC ^(10)^<br><br><br>The Capital Markets Company, LLC^(1)(7)^ | USA<br> <br>Mexico<br> <br>USA<br><br><br>USA<br> <br>USA<br><br><br>USA<br> <br>USA<br><br><br>USA<br> <br>USA<br><br><br>USA<br> <br><br> <br><br><br><br>USA<br> <br>USA<br><br><br><br> <br>USA<br><br><br>USA<br> <br>USA<br><br><br>USA<br> <br><br><br><br>USA<br> <br>USA<br><br><br>USA | 100.00<br> <br>8.92<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>60.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br><br> <br><br><br><br>100.00<br> <br>100.00<br><br><br><br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br><br><br><br>100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br><br> <br><br><br><br>%<br> <br>%<br><br><br><br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br><br><br><br>%<br> <br>%<br><br><br>% |
| Aggne Global IT Services Private Limited | India | 60.00 | % | ||
| Wipro, Inc. | Wipro Life Science Solutions, LLC | USA<br> <br>USA | 100.00<br> <br>100.00 | % <br> <br>% | |
| Wipro Connected Services, Inc. (Formerly known as Harman Connected Services, Inc.) ^(4)(5)^ | USA | 100.00 | % | ||
| Wipro Connected Services Mauritius Pvt Ltd (Formerly known as Harman Connected Services Mauritius Pvt Ltd) | Mauritius | 100.00 | % | ||
| Connected Services Corporation Wipro India Private Limited (Formerly known as Harman Connected Services Corporation India Pvt. Ltd.) | India | 98.40 | % |
4
| Connected Services Corporation Wipro India Private Limited (Formerly known as Harman Connected Services Corporation India Pvt. Ltd.) | India | 1.60 | % | ||
|---|---|---|---|---|---|
| Wipro Connected Services Engineering Corp. (Formerly known as Harman Connected Services Engineering Corp.) | USA | 100.00 | % | ||
| Wipro Connected Services UK Limited (Formerly known as Harman Connected Services UK Limited) | UK | 100.00 | % | ||
| Harman Connected Services Morocco | Morocco | 100.00 | % | ||
| Wipro Connected Services US Midco LLC (Formerly known as Harman Connected Services US Midco LLC) | USA | 100.00 | % | ||
| Harman Connected Services<br> <br>AB ^(1)^ | Sweden | 100.00 | % | ||
| The Wipro SA Broad Based Ownership Scheme Trust | |||||
| Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD | 100.00 | % | |||
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58 | % | ||
| ^ | Value is less than 0.01% | ||||
| --- | --- |
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)^ | Grove Holdings 2 S.a.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro<br>IT Services UK Socictas, effective September 19, 2025. |
|---|---|
| ^(3)^ | Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro<br>Networks Pte Limited. |
| --- | --- |
| ^(4)^ | The Company, through its subsidiaries, has acquired 100% shareholding in Wipro Connected Services, Inc.<br>(Formerly known as Harman Connected Services, Inc.) and its subsidiaries, effective December 1, 2025. |
| --- | --- |
| ^(5)^ | Wipro Digital Inc,, a wholly owned subsidiary, has merged with Wipro Connected Services, Inc. (Formerly known<br>as Harman Connected Services, Inc.), a step-down subsidiary, effective December 1, 2025. |
| --- | --- |
| ^(6)^ | Cardinal US Holdings, Inc transferred its entire ownership in Capco Consulting Services LLC to The Capital<br>Markets Company, LLC effective March 30, 2026. |
| --- | --- |
| ^(7)^ | Capco RISC Consulting LLC merged with The Capital Markets Company, LLC effective March 30, 2026.<br> |
| --- | --- |
| ^(8)^ | Cardinal US Holdings, Inc. merged with Wipro IT Services, LLC effective March 31, 2026. |
| --- | --- |
| ^(9)^ | Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) merged with Rizing LLC effective<br>March 31, 2026. |
| --- | --- |
| ^(10)^ | Wipro Business Services LLC has been incorporated as a step down subsidiary of the Company with effect from<br>January 20, 2026, which is 100% held by Wipro, LLC. |
| --- | --- |
| ^(1)^ | Step Subsidiary details of The Capital Markets Company LLC, HealthPlan Services. Inc., International<br>TechneGroup 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<br>Portugal S.A. and Harman Connected Services AB are as follows: |
| --- | --- |
5
| Subsidiaries | Subsidiaries | Subsidiaries | Country of<br><br><br>Incorporation | Holding | ||
|---|---|---|---|---|---|---|
| The Capital Markets Company, LLC | USA | |||||
| Capco Consulting Services LLC ^(6)^ | USA | 100.00 | % | |||
| HealthPlan Services, Inc. | USA | |||||
| HealthPlan Services Insurance Agency, LLC | USA | 100.00 | % | |||
| International TechneGroup Incorporated | USA | |||||
| International TechneGroup Ltd.<br> <br>ITI<br>Proficiency Ltd<br> <br>MechWorks S.R.L. | U.K.<br> <br>Israel<br><br><br>Italy | 100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br><br><br>% | |||
| Wipro NextGen Enterprise Inc. | USA | |||||
| LeanSwift AB | Sweden | 100.00 | % | |||
| Rizing Intermediate Holdings, Inc. | USA | |||||
| Rizing Lanka (Private) Ltd | Sri Lanka | 100.00 | % | |||
| Attune Netherlands B.V. ^(11)^ | Netherlands | 100.00 | % | |||
| Rizing Solutions Canada Inc. | Canada | 100.00 | % | |||
| Rizing LLC ^(9)^ | USA | 100.00 | % | |||
| Rizing B.V.<br> <br>Rizing Consulting Ireland<br>Limited<br> <br>Rizing Consulting Pty Ltd.<br> <br>Rizing Geospatial LLC<br><br><br>Rizing GmbH<br> <br>Rizing Limited<br><br><br>Rizing Pte Ltd. ^(11^^)^ | Netherlands<br> <br>Ireland<br><br><br>Australia<br> <br>USA<br><br><br>Germany<br> <br>U.K.<br><br><br>Singapore | 100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>% | |||
| The Capital Markets Company<br> <br>BV | Belgium | |||||
| CapAfric Consulting (Pty) Ltd<br> <br>Capco Belgium<br>BV | South Africa Belgium | 100.00<br> <br>100.00 | % <br> <br>% | |||
| The Capital Markets Company s.r.o<br> <br>Capco<br>Consultancy (Thailand) Ltd | Slovakia<br> <br>Thailand | 15.00<br> <br>0.04 | % <br> <br>% | |||
| Capco Consultancy (Malaysia) Sdn. Bhd | Malaysia | 100.00 | % | |||
| Capco Consultancy (Thailand) Ltd | Thailand | 99.92 | % | |||
| Capco Consulting Singapore Pte. Ltd | Singapore | 100.00 | % | |||
| Capco Greece Single Member P.C | Greece | 100.00 | % | |||
| Capco Poland sp. z.o.o | Poland | 100.00 | % | |||
| The Capital Markets Company (UK) Ltd | U.K. | 100.00 | % | |||
| Capco Consultancy (Thailand) Ltd | Thailand | 0.04 | % | |||
| The Capital Markets Company Limited | Hong Kong | 0.01 | % | |||
| The Capital Markets Company GmbH | Germany | 100.00 | % | |||
| Capco Austria GmbH | Austria | 100.00 | % | |||
| The Capital Markets Company Limited | Hong Kong | 99.99 | % | |||
| The Capital Markets Company Limited | Canada | 100.00 | % | |||
| Capco Brasil Serviços E<br> <br>Consultoria<br>Ltda | Brazil | 0.01 | % | |||
| The Capital Markets Company S.á.r.l | Switzerland | 100.00 | % | |||
| Andrion AG | Switzerland | 100.00 | % | |||
| The Capital Markets Company S.A.S | France | 100.00 | % |
6
| The Capital Markets Company s.r.o | Slovakia | 85.00 | % | |||
|---|---|---|---|---|---|---|
| Wipro Ampton Holdings Pty Ltd | Wipro Revolution IT Pty Ltd<br> <br>Wipro Shelde<br>Australia Pty Ltd | Australia Australia Australia | 100.00<br> <br>100.00 | % <br> <br>% | ||
| Wipro Appirio, Inc. | Wipro Appirio (Ireland) Limited<br> <br><br><br><br>Topcoder, LLC | Wipro Appirio UK Limited | USA Ireland U.K.<br> <br>USA | 100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br><br><br>% | |
| Wipro Designit Services, Inc. | Wipro Designit Services Limited | USA Ireland | 100.00 | % | ||
| Wipro do Brasil Tcchnologia Ltda | Brazil | |||||
| Wipro do Brasil Services Ltda<br> <br>Wipro Do<br>Brasil Sistemas De Informatica Ltda | Brazil<br> <br>Brazil | 100.00<br> <br>96.84 | % <br> <br>% | |||
| Wipro Portugal S.A. | Portugal | |||||
| Wipro do Brasil Technologia Ltda<br> <br>Wipro Do<br>Brasil Sistemas De Informatica Ltda<br> <br>Wipro Technologies GmbH | Brazil<br> <br>Brazil<br><br><br><br> <br>Germany | 0.56<br> <br>3.09<br> <br><br><br><br>85.13 | % <br> <br>%<br> <br><br><br><br>% | |||
| Wipro Business Solutions<br> <br>GmbH ^(11)^<br> <br>Wipro IT Services Austria GmbH | Germany<br> <br><br><br><br>Austria | 100.00<br><br><br><br>100.00 | % <br><br> <br>% | |||
| Harman Connected Services AB | Harman Connected Services Solutions<br>(Chengdu) Co. Ltd. | Sweden<br> <br>China | 100.00 | % | ||
| ^(11)^ | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as<br>follows: | |||||
| --- | --- | |||||
| Subsidiaries | Subsidiaries | Subsidiaries | Country ofIncorporation | |||
| --- | --- | --- | --- | --- | --- | --- |
| Attune Netherlands B.V. | Rizing Germany GmbH<br> <br>Attune Italia S.R.L<br><br><br>Attune UK Ltd. | Netherlands<br> <br>Germany<br><br><br>Italy<br> <br>U.K. | 100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br><br><br>% | ||
| Rizing Pte Ltd. | Rizing New Zealand Ltd.<br> <br>Rizing Philippines<br>Inc.<br> <br>Rizing SDN BHD<br> <br>Rizing Solutions Pty Ltd | Singapore<br> <br>New Zealand<br><br><br>Philippines<br> <br>Malaysia<br><br><br>Australia | 100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00 | % <br> <br>%<br> <br>%<br><br><br>% | ||
| Wipro Business Solutions GmbH | Germany | |||||
| Wipro Technology Solutions<br> <br>S.R.L | Romania | 100.00 | % |
As at March 31, 2026, Wipro, LLC held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 27% interest in SDVersc LLC, accounted for using the equity method.
The list of controlled trusts are:
| Name of the entity | Country of incorporation |
|---|---|
| Wipro Equity Reward Trust<br> <br>Wipro<br>Foundation | India<br> <br>India |
Vide the order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited. Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.
7. Segment information:
The Company is organised into the following operating segments: IT Services and IT Products.
IT Services: The IT services segment primarily consists of IT Services offerings to customers organised by four Strategic Market Units (“SMUs”) - Americas 1. Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”).
Americas I and Americas 2 are primarily organised by industry sector, while Europe and APMEA are organised by countries.
7
Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. 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 and Western Europe. APMEA consists of Australia and New Zealand, Southeast Asia, Japan. India, the Middle East, 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 Ind AS 108, “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 March 31, 2026, December 31, 2025, and March 31, 2025, year ended March 31, 2026 and March 31, 2025 are as follows:
| Particulars | Three months ended | Year ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March<br>31, 2026 | December<br>31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March<br>31, 2025 | |||||||||||
| Audited | Audited | Audited | Audited | Audited | |||||||||||
| Segment revenue | |||||||||||||||
| IT Services | |||||||||||||||
| Americas 1 | 79,844 | 77,809 | 73,721 | 305,571 | 281,824 | ||||||||||
| Americas 2 | 67,288 | 67,708 | 68,582 | 269,077 | 271,972 | ||||||||||
| Europe | 65,412 | 62,405 | 58,552 | 244,165 | 240,077 | ||||||||||
| APMEA | 27,623 | 25,859 | 23,598 | 102,340 | 94,351 | ||||||||||
| Total of IT Services | **** | 240,167 | **** | **** | 233,781 | **** | **** | 224,453 | **** | **** | 921,153 | **** | **** | 888,224 | **** |
| IT Products | 2,521 | 2,565 | 813 | 6,940 | 2,692 | ||||||||||
| Total segment revenue | **** | 242,688 | **** | **** | 236,346 | **** | **** | 225,266 | **** | **** | 928,093 | **** | **** | 890,916 | **** |
| Segment result | |||||||||||||||
| IT Services | |||||||||||||||
| Americas 1 | 16,058 | 16,409 | 16,195 | 62,896 | 58,186 | ||||||||||
| Americas 2 | 12,181 | 14,450 | 15,513 | 53,138 | 61,326 | ||||||||||
| Europe | 10,092 | 8,003 | 8,140 | 31,083 | 29,434 | ||||||||||
| APMEA | 5,085 | 3,583 | 3,672 | 14,955 | 12,850 | ||||||||||
| Unallocated | (1,899 | ) | (1,259 | ) | (4,250 | ) | (3,426 | ) | (10,157 | ) | |||||
| Total of IT Services | **** | 41,517 | **** | **** | 41,186 | **** | **** | 39,270 | **** | **** | 158,646 | **** | **** | 151,639 | **** |
| IT Products | 211 | 227 | 28 | 559 | (173 | ) | |||||||||
| Reconciling Items | 235 | (5,678 | ) | (211 | ) | (7,954 | ) | (195 | ) | ||||||
| Total segment result | **** | 41,963 | **** | **** | 35,735 | **** | **** | 39,087 | **** | **** | 151,251 | **** | **** | 151,271 | **** |
| Finance costs | (3,701 | ) | (3,656 | ) | (3,767 | ) | (14,577 | ) | (14,770 | ) | |||||
| Finance and other income | 8,387 | 9,232 | 11,819 | 36,491 | 38,202 | ||||||||||
| Share of net profit/ (loss) of associate and joint venture accounted for using equity<br>method | 27 | 28 | 291 | 257 | 254 | ||||||||||
| Profit before tax | **** | 46,676 | **** | **** | 41,339 | **** | **** | 47,430 | **** | **** | 173,422 | **** | **** | 174,957 | **** |
8
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 net impact of foreign exchange<br>gains/(losses), net in revenues amounting to ₹ 325, ₹ 788 and ₹ 224 for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025 respectively and<br>₹ l,853 and ₹ 32 for the year ended March 31, 2026, and March 31, 2025, which is<br>reported as a part of Other income in the consolidated financial results. | |||||||||||
| --- | --- | |||||||||||
| d) | Restructuring cost of ₹ Nil, ₹ 2,629 and ₹ Nil for the three months ended March 31, 2026, December 31, 2025 and<br>March 31, 2025, respectively, and ₹ 5,139 and ₹ Nil for the year ended March 31,<br>2026 and March 31, 2025, respectively, is included under Reconciling Items. | |||||||||||
| --- | --- | |||||||||||
| e) | Impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new<br>labour code amounting to ₹ (272) and ₹ 3,028 for the three months ended March 31,<br>2026 and December 31, 2025, respectively, ₹ 2,756 for the year ended March 31, 2026, is included under Reconciling items. | |||||||||||
| --- | --- | |||||||||||
| f) | “Unallocated” within IT Services segment results is after recognition of the below:<br> | |||||||||||
| --- | --- | |||||||||||
| Particulars | Three months ended | Year ended | ||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| March<br>31, 2026 | December<br>31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March31, 2025 | ||||||||
| Amortisation and impairment expenses on intangible assets | 1,840 | 2,652 | 1,631 | 7,787 | 7,909 | |||||||
| Change in fair value of contingent consideration | ^ | ^ | (2 | ) | 49 | (169 | ) | |||||
| ^^^ | Value is less than ₹ 0.5<br> | |||||||||||
| --- | --- | |||||||||||
| g) | Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,400, 1,365 and ₹ 1,195 for the three months ended March 31, 2026,<br>December 31, 2025, and March 31, 2025, respectively and ₹ 4,465 and ₹ 5,524 for<br>the year ended March 31, 2026, and March 31, 2025, respectively. | |||||||||||
| --- | --- | |||||||||||
| h) | Segment results of IT Services segment are after recognition of gain/(loss) on sale of property, plant and<br>equipment of ₹ (170), ₹ 33 and ₹ (160) for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively and<br>₹ 393 and ₹ 606 for the year ended March 31, 2026, and March 31, 2025,<br>respectively. | |||||||||||
| --- | --- | |||||||||||
| 8. | Decline in revenue and earnings estimates led to revision of recoverable value of customer-relationship<br>intangible assets and marketing related intangible assets recognised on business combinations. Consequently, the Company has recognised impairment charge of ₹ Nil, ₹ 841 and ₹ Nil for the three months ended March 31, 2026, December 31, 2025 and<br>March 31, 2025, respectively and ₹ 851 and ₹ 1.155 for the year ended<br>March 31, 2026 and March 31, 2025, respectively, as part of depreciation, amortization and impairment expense. | |||||||||||
| --- | --- | |||||||||||
| 9. | Issue of bonus shares | |||||||||||
| --- | --- |
During the year ended March 31, 2025, the company concluded bonus issue in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.
| 10. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately,<br>replacing the existing 29 labour laws. In accordance with Ind AS 19 – Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost<br>in the Statement of Income. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
|---|
The Company has concluded the salary restructuring exercise in compliance with the Labour Codes. The implementation of the Labour Code has resulted in a net increase of ₹ 2,756 in the provision for gratuity and remeasurement of leave encashment, which has been recognised as employee benefit expense in the current year. The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes.
9
| 11. | Audited Consolidated Balance Sheet | |||
|---|---|---|---|---|
| As at | ||||
| --- | --- | --- | --- | --- |
| March 31, 2026 | March 31, 2025 | |||
| ASSETS | ||||
| Non-current assets | ||||
| Property, plant and equipment | 77,224 | 78,473 | ||
| Right-of-Use<br>assets | 28,287 | 25,598 | ||
| Capital<br>work-in-progress | 4,122 | 1,964 | ||
| Goodwill | 382,214 | 320,346 | ||
| Other Intangible assets | 29,176 | 27,450 | ||
| Investments accounted for using the equity method | 2,126 | 1,327 | ||
| Financial assets | ||||
| Investments | 28,053 | 26,458 | ||
| Derivative assets | — | ^ | ||
| Trade receivables | 349 | 299 | ||
| Unbilled receivables | 7,433 | — | ||
| Other financial assets | 6,259 | 4,664 | ||
| Deferred tax assets (net) | 5,242 | 2,561 | ||
| Non-current tax assets (net) | 7,787 | 7,230 | ||
| Other non-current assets | 9,451 | 7,707 | ||
| Total non-current assets | **** | 587,723 | **** | 504,077 |
| Current assets | ||||
| Inventories | 517 | 694 | ||
| Financial assets | ||||
| Investments | 437,680 | 411,474 | ||
| Derivative assets | 888 | 1,820 | ||
| Trade receivables | 135,901 | 117,745 | ||
| Unbilled receivables | 76,823 | 64,280 | ||
| Cash and cash equivalents | 105,555 | 121,974 | ||
| Other financial assets | 10,245 | 8,448 | ||
| Current tax assets (net) | 10,762 | 6,417 | ||
| Contract assets | 14.819 | 15,795 | ||
| Other current assets | 33,164 | 29,128 | ||
| Total current assets | **** | 826,354 | **** | 777,775 |
| TOTAL ASSETS | **** | 1,414,077 | **** | 1,281,852 |
| EQUITY AND LIABILITIES | ||||
| EQUITY | ||||
| Equity share capital | 20,977 | 20,944 | ||
| Other equity | 859,206 | 802,697 | ||
| Equity attributable to the equity holders of the Company | **** | 880,183 | **** | 823,641 |
| Non-controlling interests | 2,509 | 2,138 | ||
| TOTAL EQUITY | **** | 882,692 | **** | 825,779 |
| LIABILITIES | ||||
| Non-current liabilities | ||||
| Financial liabilities | ||||
| Borrowings | 1,962 | 63,954 | ||
| Lease liabilities | 26,327 | 22.193 | ||
| Trade payables | 4,394 | — | ||
| Other financial liabilities | 6,743 | 7,793 | ||
| Provisions | 5,389 | 4,656 | ||
| Deferred tax liabilities (net) | 17,266 | 16,443 | ||
| Non-current tax liabilities (net) | 48,195 | 42,024 | ||
| Other non-current liabilities | 17,877 | 12,757 | ||
| Total non-current liabilities | **** | 128,153 | **** | 169,820 |
| Current liabilities | ||||
| Financial liabilities | ||||
| Borrowings | 165,912 | 97,863 | ||
| Lease liabilities | 8,709 | 8,025 | ||
| Derivative liabilities | 10,978 | 968 | ||
| Trade payables | 62,894 | 58,667 | ||
| Other financial liabilities | 43,387 | 33,463 | ||
| Contract liabilities | 25,434 | 20,063 | ||
| Other current liabilities | 16,834 | 15,085 | ||
| Provisions | 19,463 | 17,638 | ||
| Current tax liabilities (net) | 49,621 | 34,481 | ||
| Total current liabilities | **** | 403,232 | **** | 286,253 |
| TOTAL LIABILITIES | **** | 531,385 | **** | 456,073 |
| TOTAL EQUITY AND LIABILITIES | **** | 1,414,077 | **** | 1,281,852 |
| ^^^ | Value is less than ₹ 0.5<br> | |||
| --- | --- |
10
| 12. | Audited Consolidated Statement of Cash flows | |||||
|---|---|---|---|---|---|---|
| Year ended March 31, | ||||||
| --- | --- | --- | --- | --- | --- | --- |
| 2026 | 2025 | |||||
| Cash flows from operating activities | ||||||
| Profit for the year | 132,655 | 132,180 | ||||
| Adjustments to reconcile profit for the year to net cash generated from operatingactivities | ||||||
| Gain on sale of property, plant and equipment, net | (393 | ) | (606 | ) | ||
| Depreciation, amortisation and impairment expense | 29,107 | 29,579 | ||||
| Unrealised exchange (gain)/loss, net | 2,168 | (623 | ) | |||
| Share-based compensation expense | 4,465 | 5,551 | ||||
| Share of net (profit) loss of associate and joint venture accounted for using equity<br>method | (257 | ) | (254 | ) | ||
| Income tax expense | 40,767 | 42,777 | ||||
| Finance and other income, net of finance costs | (21,914 | ) | (23,432 | ) | ||
| Change in fair value of contingent consideration | 49 | (169 | ) | |||
| Lifetime expected credit loss | 2,838 | 324 | ||||
| Changes in operating assets and liabilities, net of effects from acquisitions | ||||||
| (Increase)/Decrease in trade receivables | (11,442 | ) | 1,894 | |||
| (Increase)/Decrease in unbilled receivables and contract assets | (14,498 | ) | (1,331 | ) | ||
| (Increase)/Decrease in Inventories | 184 | 213 | ||||
| (Increase )/Decrease in other financial assets and other assets | (205 | ) | 6,609 | |||
| Increase/(Decrease) in trade payables, other financial liabilities, other liabilities and<br>provisions | 8,482 | 548 | ||||
| Increase (Decrease) in contract liabilities | 3,555 | 2,341 | ||||
| Cash generated from operating activities before taxes | **** | 175,561 | **** | **** | 195,601 | **** |
| Income taxes paid, net | (26,245 | ) | (26,175 | ) | ||
| Net cash generated from operating activities | **** | 149,316 | **** | **** | 169,426 | **** |
| Cash flows from investing activities: | ||||||
| Payment for purchase of property, plant and equipment | (15,603 | ) | (14,737 | ) | ||
| Proceeds from disposal of property, plant and equipment | 758 | 1,822 | ||||
| Investment in associate | (352 | ) | — | |||
| Payment for purchase of investments | (837,806 | ) | (801,582 | ) | ||
| Proceeds from sale of investments | 816,732 | 706,520 | ||||
| Payment for business acquisitions including deposits and escrow, net of cash acquired | (26,033 | ) | (964 | ) | ||
| Repayment of security deposit for property, plant and equipment | — | (300 | ) | |||
| Interest received | 28,878 | 26,212 | ||||
| Dividend received | 3 | 2,299 | ||||
| Net cash generated from/(used in) investing activities | **** | (33,423 | ) | **** | (80,730 | ) |
| Cash flows from financing activities: | ||||||
| Proceeds from issuance of equity shares and shares pending allotment | 33 | 27 | ||||
| Repayment of borrowings | (259,841 | ) | (177,672 | ) | ||
| Proceeds from borrowings | 253,089 | 195,595 | ||||
| Payment of lease liabilities | (11,561 | ) | (10,474 | ) | ||
| Payment for contingent consideration | (648 | ) | — | |||
| Payment of deferred consideration on business combination | (221 | ) | **** | — | **** | |
| Interest and finance costs paid | (6,336 | ) | (8,689 | ) | ||
| Payment of dividend | (115,206 | ) | (62,750 | ) | ||
| Payment of dividend to Non-controlling interest<br>holders | (569 | ) | — | |||
| Net cash generated from/(used) in financing activities | **** | (141,260 | ) | **** | (63,963 | ) |
| Net increase in cash and cash equivalents during the year | (25,367 | ) | 24,733 | |||
| Effect of exchange rate changes on cash and cash equivalents | 8,948 | 290 | ||||
| Cash and cash equivalents al the beginning of the year | 121,974 | 96,951 | ||||
| Cash and cash equivalents at the end of the year | **** | 105,555 | **** | **** | 121,974 | **** |
| 13. | Events after the reporting period | |||||
| --- | --- | |||||
| a) | On April 5, 2026, the Company signed a definitive agreement to acquire Mindsprint, Olam Group’s IT<br>services arm, a provider of technology and digital transformation services for a total consideration of USD 375 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded by<br>quarter ending June 30, 2026. | |||||
| --- | --- | |||||
| b) | On April 14, 2026, the Company signed a definitive agreement to acquire select customer contracts of Alpha<br>Net Consulting, a provider of enterprise software development, data engineering, and managed services for a total consideration (including earnouts) of USD 70.8 million. The acquisition is subject to customary closing conditions and is expected<br>to be concluded by quarter ending June 30, 2026. | |||||
| --- | --- | |||||
| c) | On April 16, 2026, the Board of Directors approved a proposal to buyback of equity shares, subject to the<br>approval of shareholders, for purchase by the Company of up to 600,000,000 equity shares of ₹ 2 each (being 5.7% of total number of equity shares) from the<br>shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 per equity share for an aggregate amount not exceeding ₹ 150,000, in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities)<br>Regulations, 2018, as amended and the Companies Act, 2013 and rules made thereunder. | |||||
| --- | --- | |||||
| By order of the Board, | For Wipro Limited | |||||
| --- | --- | |||||
| /s/ Rishad A. Premji | ||||||
| Place: Bengaluru | Rishad A. Premji | |||||
| Date: April 16, 2026 | Chairman |
11
| Chartered Accountants<br> <br>Prestige Trade<br>Tower, Level 19<br> <br>46, Palace Road, High Grounds<br> <br>Bengaluru-560 001<br> <br>Karnataka, India<br> <br><br><br><br>Tel: +91 80 6188 6000<br> <br>Fax: +91 80 6188 6011 |
|---|
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of WIPRO LIMITED (“the Company”) and its subsidiaries (the Company and its subsidiaries together referred to as “the Group”) for the three months and year ended March 31, 2026 (“the Statement”/” Consolidated Financial Results”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement gives a true and fair view in conformity with the recognition and measurement principles laid down in the International Accounting Standard 34 “Interim Financial Reporting” (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”) of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the three months and year ended March 31, 2026.
Basis for Opinion
We conducted our audit of the Consolidated Financial Results in accordance with the Standards on Auditing (“SAs”) issued by the Institute of Chartered Accountants of India (“ICAI”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section below. We are independent of the Group in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Statement and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in IAS 34 as issued by IASB.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Company, as aforesaid.
Regd. Office: One International Center, Tower 3, 31st floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
In preparing the Consolidated Financial Results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to<br>fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is<br>higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
|---|---|
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures<br>that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| --- | --- |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and<br>related disclosures made by the Board of Directors. |
| --- | --- |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting<br>and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty<br>exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence<br>obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. |
| --- | --- |
| • | Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the<br>disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| --- | --- |
| • | Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to<br>express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of entities included in the Consolidated Financial Results. |
| --- | --- |
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
| For DELOITTE HASKINS & SELLS LLP |
|---|
| Chartered Accountants |
| (Firm’s Registration No. 117366W/W-100018) |
| /s/ Anand Subramanian |
| Anand Subramanian |
| Partner |
| (Membership No.110815)<br><br><br>UDIN: |
Bengaluru, April 16, 2026
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: +91-80-2844 0054
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31. 2026
UNDER IFRS (IASB)
(₹ in millions, except share and per share data, unless otherwise stated)
| Three months ended | Year ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Particulars | March<br>31, 2026 | December<br>31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March<br>31, 2025 | ||||||||||
| Income | |||||||||||||||
| a) Revenue from operations | 242,363 | 235,558 | 225,042 | 926,240 | 890,884 | ||||||||||
| b) Foreign exchange gains/(losses), net | 325 | 788 | 224 | 1,853 | 32 | ||||||||||
| ITotal income | 242,688 | 236,346 | 225,266 | 928,093 | 890,916 | ||||||||||
| Expenses | |||||||||||||||
| a) Purchases of stock-in-trade | 1,678 | 2,476 | 810 | 5,755 | 2,967 | ||||||||||
| b) Changes in inventories of stock-in-trade | 237 | (15 | ) | 31 | 171 | 195 | |||||||||
| c) Employee benefits expense | 143,408 | 142,009 | 133,454 | 555,855 | 533,477 | ||||||||||
| d) Depreciation, amortization and impairment expense | 7,285 | 8,050 | 7,217 | 29,107 | 29,579 | ||||||||||
| e) Sub-contracting and technical fees | 27,925 | 27,667 | 24,896 | 107,668 | 100,148 | ||||||||||
| f) Facility expenses | 4,082 | 4,087 | 4,113 | 15,886 | 16,067 | ||||||||||
| g) Travel | 3,702 | 3,054 | 3,158 | 13,882 | 14,095 | ||||||||||
| h) Communication | 895 | 831 | 899 | 3,414 | 3,842 | ||||||||||
| i) Legal and professional fees | 2,661 | 2,836 | 3,133 | 10,199 | 11,270 | ||||||||||
| j) Software license expense for internal use | 5,805 | 5,701 | 4,951 | 21,720 | 19,338 | ||||||||||
| k) Marketing and brand building | 923 | 774 | 917 | 3,480 | 3,591 | ||||||||||
| l) Lifetime expected credit loss/ (write-back) | (144 | ) | 973 | 365 | 2,838 | 324 | |||||||||
| m) (Gain)/loss on sale of property, plant and equipment, net | 170 | (33 | ) | 160 | (393 | ) | (606 | ) | |||||||
| n) Other expenses | 2,098 | 2,201 | 2,075 | 7,260 | 5,358 | ||||||||||
| IITotal expenses | 200,725 | 200,611 | 186,179 | 776,842 | 739,645 | ||||||||||
| III Finance expenses | 3,701 | 3,656 | 3,767 | 14,577 | 14,770 | ||||||||||
| IV Finance and other income | 8,387 | 9,232 | 11,819 | 36,491 | 38,202 | ||||||||||
| V Share of net profit/ (loss) of associate and joint venture accounted for using the<br>equity method | 27 | 28 | 291 | 257 | 254 | ||||||||||
| VI Profit before tax [I-II-III+IV+V] | 46,676 | 41,339 | 47,430 | 173,422 | 174,957 | ||||||||||
| VII Tax expense | 11,460 | 9,889 | 11,549 | 40,767 | 42,777 | ||||||||||
| VIII Profit for the period [VI-VII] | 35,216 | 31,450 | 35,881 | 132,655 | 132,180 | ||||||||||
| Other comprehensive income (OCI) | |||||||||||||||
| Items that will not be reclassified to profit or loss in subsequent periods | |||||||||||||||
| Remeasurements of the defined benefit plans, net | 363 | (240 | ) | 124 | 132 | 274 | |||||||||
| Net change in fair value or investment in equity instruments measured at fair value through<br>OCI | (963 | ) | (422 | ) | (2,943 | ) | (1,448 | ) | (3,476 | ) | |||||
| Items that will be reclassified to profit or loss in subsequent periods | |||||||||||||||
| Foreign currency translation differences | 21,655 | 5,050 | 1,762 | 46,643 | 7,331 | ||||||||||
| Reclassification of foreign currency translation differences on liquidation of subsidiaries to<br>statement of income | — | — | (55 | ) | — | (41 | ) | ||||||||
| Net change in time value of option contracts designated as cash flow hedges, net of taxes | 132 | 139 | (94 | ) | 55 | (189 | ) | ||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges, net of<br>taxes | (719 | ) | 59 | 335 | (1,234 | ) | 146 | ||||||||
| Net change in fair value of forward contracts designated as cash flow hedges, net of<br>taxes | (3,682 | ) | (560 | ) | 810 | (6,015 | ) | (745 | ) | ||||||
| Net change in fair value of investment in debt instruments measured at fair value through OCI, net<br>of taxes | (1,622 | ) | (495 | ) | 352 | (2,094 | ) | 963 | |||||||
| IX Total other comprehensive income for the period, net of taxes | 15,164 | 3,531 | 291 | 36,039 | 4,263 |
1
| Total comprehensive income for the period [VIII+IX] | 34,981 | 36,172 | 168,694 | 136,443 |
|---|---|---|---|---|
| X Profit for the period attributable to: | ||||
| Equity holders of the Company | 31,190 | 35,696 | 131,974 | 131,354 |
| Non-controlling interests | 260 | 185 | 681 | 826 |
| 31,450 | 35,881 | 132,655 | 132,180 | |
| Total comprehensive income for the period attributable to: | ||||
| Equity holders of the Company | 34,695 | 36,005 | 167,767 | 135,595 |
| Non-controlling interests | 286 | 167 | 927 | 848 |
| 34,981 | 36,172 | 168,694 | 136,443 | |
| XI Paid up equity share capital (Par value 2 per share) | 20,974 | 20,944 | 20,977 | 20,944 |
| XII Reserves excluding revaluation reserves and Non- controlling interests as per<br>balance sheet | 864,391 | 807,365 | ||
| XIII Earnings per share (EPS) | ||||
| (Equity shares of par value of 2/-<br>each) | ||||
| (EPS for the three months ended periods are not annualized) | ||||
| Basic (in ) | 2.98 | 3.41 | 12.60 | 12.56 |
| Diluted (in ) | 2.97 | 3.39 | 12.56 | 12.52 |
All values are in Indian Rupees.
| 1. | The audited consolidated financial results of the Company for the three months and year ended<br>March 31, 2026, have been approved by the Board of Directors of the Company at its meeting held on April 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report with<br>unmodified opinion on the consolidated financial results for the three months and year ended March 31, 2026. | |||||
|---|---|---|---|---|---|---|
| 2. | The above consolidated financial results have been prepared on the basis of the audited interim<br>condensed consolidated financial statements for the year ended March 31, 2026 and the audited interim condensed consolidated financial statements for the nine months ended December 31, 2025, which are prepared in accordance with International<br>Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). The figures of last quarter are the balancing figures between audited figures in respect of<br>the full financial year and the published year-to-date figures up to the third quarter of the current financial year. All amounts included in the consolidated financial<br>results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise stated. | |||||
| --- | --- | |||||
| 3. | (Gain)/loss on sale of property, plant and equipment for the year ended March 31, 2026, includes<br>gain on transfer of building of ₹ (405) and for the year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer<br>of building along with other assets of ₹ (885). | |||||
| --- | --- | |||||
| 4. | Other expenses are net of insurance claim received of ₹ 1,805 for the year ended March 31, 2025. | |||||
| --- | --- | |||||
| 5. | Employee benefits expense includes impact of past service cost on gratuity and remeasurement of leave<br>encashment due to implementation of new labour code amounting to ₹ (272) and ₹ 3,028<br>for the three months ended March 31, 2026 and December 31, 2025, respectively, and ₹ 2,756 for the year ended March 31, 2026. | |||||
| --- | --- | |||||
| 6. | List of subsidiaries, associate and joint venture as at March 31,2026 arc provided in the table below: | |||||
| --- | --- | |||||
| Subsidiaries | Subsidiaries | Subsidiaries | Country ofIncorporation | Holding | ||
| --- | --- | --- | --- | --- | --- | --- |
| Attune Consulting India Private Limited | India | 100.00 | % | |||
| Capco Technologies Private Limited | India | 100.00 | % | |||
| Wipro Chengdu Limited | China | 8.96 | % | |||
| Wipro Holdings (UK) Limited | Wipro Technologies SRL | U.K.<br> <br>Romania | 100.00<br> <br>^ | % | ||
| Wipro IT Services Bangladesh Limited | Bangladesh | 100.00 | % | |||
| Wipro IT Services UK Societas | Capco Consulting Middle East<br><br><br>FZE^(2)^<br><br><br>Dcsignit A/S | Designit Denmark A/S | U.K.<br> <br>UAE<br><br><br><br> <br>Denmark<br><br><br>Denmark | 100.00<br> <br>100.00<br> <br><br><br><br>100.00<br> <br>100.00 | % <br> <br>%<br> <br><br><br><br>%<br><br><br>% |
2
| Wipro Bahrain Limited Co. W.L.L | Designit Germany GmbH<br> <br>Designit Oslo A/S<br><br><br>Designit Spain Digital, S.L.U<br> <br>Designit T.L.V Ltd. | Germany<br> <br>Norway<br><br><br>Spain<br> <br>Israel<br><br><br>Bahrain | 100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br> <br>%<br><br><br>%<br> <br>% |
|---|---|---|---|---|
| Wipro Czech Republic IT Services | Czech Republic | 100.00 | % | |
| s.r.o.<br> <br>Wipro CRM Services | Belgium | 100.00 | % | |
| Wipro 4C Consulting France SAS | France | 100.00 | % | |
| Wipro CRM Services B.V. | Netherlands | 100.00 | % | |
| Wipro CRM Services ApS | Denmark | 100.00 | % | |
| Wipro CRM Services UK Limited | U.K. | 100.00 | % | |
| Grove Holdings 2 S.a.r.l | Luxembourg | 100.00 | % | |
| Capco Solution Services GmbH | Germany | 100.00 | % | |
| The Capital Markets Company | Italy | 100.00 | % | |
| Italy Srl<br> <br>Capco Brasil Servians E | Brazil | 99.99 | % | |
| Consultoria Ltda<br> <br>The Capital Markets<br>Company | Belgium | 100.00 | % | |
| PT. WT Indonesia | BV^(1)^ | Indonesia | 99.60 | % |
| Rainbow Software LLC | Iraq | 100.00 | % | |
| Wipro Arabia Limited | Saudi Arabia | 66.67 | % | |
| Women’s Business Park<br> <br>Technologies<br>Limited | Saudi Arabia | 100.00 | % | |
| Wipro Doha LLC | Qatar | 100.00 | % | |
| Wipro Financial Outsourcing<br> <br>Services<br>Limited | U.K. | 100.00 | % | |
| Wipro UK Limited | U.K. | 100.00 | % | |
| Wipro Gulf LLC | Sultanate of | 99.98 | % | |
| Wipro Information Technology<br> <br>Netherlands<br>BV. | Oman<br> <br>Netherlands | 100.00 | % | |
| Wipro Gulf LLC | Sultanate of | 0.02 | % | |
| Wipro Technologies SA | Oman<br> <br>Argentina | 2.62 | % | |
| Wipro (Thailand) Co. Limited | Thailand | 0.03 | % | |
| Wipro Technologies GmbH | Germany | 14.87 | % | |
| Wipro Do Brasil Sistemas De | Brazil | 0.07 | % | |
| Informatica Ltda<br> <br>Wipro do Brasil<br>Technologia | Brazil | 99.44 | % | |
| Ltda^(1)^<br><br><br>Wipro Information Technology | Kazakhstan | 100.00 | % | |
| Kazakhstan LLP<br> <br>Wipro Outsourcing<br>Services | Ireland | 100.00 | % | |
| (Ireland) Limited<br> <br>Wipro Portugal S.A. ^(1)^ | Portugal | 100.00 | % | |
| Wipro Solutions Canada Limited | Canada | 100.00 | % | |
| Wipro Technologies Limited | Russia | 99.99 | % | |
| Wipro Technologies Peru SAC | Peru | 99.98 | % | |
| Wipro Technologies W.T. | Costa Rica | 100.00 | % | |
| Sociedad Anonima<br> <br>Wipro Technology Chile<br>SPA | Chile | 100.00 | % | |
| Applied Value Technologies B.V. | Netherlands | 100.00 | % | |
| Wipro IT Service Ukraine, LLC | Ukraine | 100.00 | % | |
| Wipro IT Services Poland SP | Poland | 100.00 | % | |
| Z.O.O<br> <br>Wipro IT Services S.R.L. | Romania | 100.00 | % | |
| Wipro Regional Headquarter | Saudi Arabia | 100.00 | % | |
| Wipro Technologies Australia Pty Ltd | Australia | 100.00 | % | |
| Wipro Ampion Holdings Pty Ltd^(1)^ | Australia | 100.00 | % | |
| Wipro Technologies SA | Argentina | 97.38 | % | |
| Wipro Technologies SA DE CV | Mexico | 91.08 | % |
3
| Wipro Technologies South Africa (Proprietary) Limited<br> <br><br><br><br>Wipro Technologies SRL<br> <br>Wipro (Thailand) Co. Limited<br><br><br>Wipro Shanghai Limited<br> <br>Wipro Technologies Nigeria<br><br><br>Limited<br> <br>Wipro Technologies Limited<br><br><br>Wipro Technologies Peru SAC | Wipro Technologies Nigeria Limited | South Africa<br> <br><br><br><br>Nigeria<br> <br><br><br><br>Romania<br> <br>Thailand<br><br><br>China<br> <br>Nigeria<br><br><br><br> <br>Russia<br><br><br>Peru | 69.42<br><br> <br>99.84<br><br><br><br> <br>100.00<br><br><br>99.97<br> <br>84.63<br><br><br>0.16<br> <br><br><br><br>0.01<br> <br>0.02 | % <br><br> <br>%<br><br><br><br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br><br><br><br>%<br> <br>% | |
|---|---|---|---|---|---|
| Wipro Japan KK | Japan | 100.00 | % | ||
| Wipro Networks Pte Limited | Singapore | 100.00 | % | ||
| Applied Value Technologies Pte. Limited | Singapore | 100.00 | % | ||
| Wipro Chengdu Limited | China | 91.04 | % | ||
| PT. WT Indonesia | Indonesia | 0.40 | % | ||
| Wipro (Thailand) Co. Limited | Thailand | ^ | |||
| Wipro (Dalian) Limited | China | 100.00 | % | ||
| Wipro Technologies SDN BHD | Malaysia | 100.00 | % | ||
| Wipro (Tianjin) Limited ^(3)^ | China | 100.00 | % | ||
| Wipro Philippines, Inc. | Philippines | 100.00 | % | ||
| Wipro Shanghai Limited | China | 15.37 | % | ||
| Wipro Travel Services Limited | India | 100.00 | % | ||
| Wipro. LLC | USA | 100.00 | % | ||
| Wipro Technologies SA DE CV | Mexico | 8.92 | % | ||
| Wipro Gallagher Solutions, LLC | USA | 100.00 | % | ||
| Wipro Insurance Solutions, LLC | USA | 100.00 | % | ||
| Wipro IT Services, LLC ^(8)^ | USA | 100.00 | % | ||
| Aggne Global Inc. | USA | 60.00 | % | ||
| Edgilc, LLC | USA | 100.00 | % | ||
| HealthPlan Services, Inc. ^(1)^ | USA | 100.00 | % | ||
| Infocrossing, LLC | USA | 100.00 | % | ||
| International TechneGroup Incorporated ^(1)^ | USA | 100.00 | % | ||
| Wipro NextGen Enterprise<br> <br>Inc. ^(1)^ | USA | 100.00 | % | ||
| Rizing Intermediate Holdings, Inc. ^(1)^ | USA | 100.00 | % | ||
| Wipro Appirio, Inc. ^(1)^ | USA | 100.00 | % | ||
| Wipro Designit Services, Inc. ^(1)^ | USA | 100.00 | % | ||
| Wipro Telecom Consulting LLC | USA | 100.00 | % | ||
| Wipro VLSI Design Services, LLC | USA | 100.00 | % | ||
| Applied Value Technologies. Inc. | USA | 100.00 | % | ||
| Wipro Business Services LLC ^(10)^ | USA | 100.00 | % | ||
| The Capital Markets Company,<br> <br>LLC ^(1) (7)^ | USA | 100.00 | % | ||
| Aggne Global IT Services Private Limited | India | 60.00 | % | ||
| Wipro, Inc. | USA | 100.00 | % | ||
| Wipro Life Science Solutions, LLC | USA | 100.00 | % | ||
| Wipro Connected Services. Inc. (Formerly known as Harman | USA | 100.00 | % | ||
| Connected Services, Inc.) ^(4) (5)^ | Wipro Connected Sendees Mauritius Pvt Ltd (Formerly known as Hannan Connected Services Mauritius Pvt Ltd) | Mauritius | 100.00 | % | |
| Connected Services Corporation Wipro India Private Limited Formerly known as Harman Connected Services Corporation India Pvt. Ltd.) | India | 98.40 | % |
4
| Connected Services Corporation Wipro India Private Limited (Formerly known as Harman Connected Services Corporation India Pvt. Ltd.) | India | 1.60 | % | ||
|---|---|---|---|---|---|
| Wipro Connected Services Engineering Corp. (Formerly known as Harman Connected Services Engineering Corp.) | USA | 100.00 | % | ||
| Wipro Connected Services UK Limited (Formerly known as Harman Connected Services UK Limited) | UK | 100.00 | % | ||
| Hannan Connected Services<br> <br>Morocco | Morocco | 100.00 | % | ||
| Wipro Connected Services US Midco LLC (Formerly known as Harman Connected Services US Midco LLC) | USA | 100.00 | % | ||
| Harman Connected Services AB ^(1)^ | Sweden | 100.00 | % | ||
| The Wipro SA Broad Based Ownership Scheme Trust | |||||
| Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD | 100.00 | % | |||
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58 | % | ||
| ^ | Value is less than 0.01% | ||||
| --- | --- |
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)^ | Grove Holdings 2 S.a.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro<br>IT Services UK Societas, effective September 19, 2025. |
|---|---|
| ^(3)^ | Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro<br>Networks Pte Limited. |
| --- | --- |
| ^(4)^ | The Company, through its subsidiaries, has acquired 100% shareholding in Wipro Connected Services, Inc.<br>(Formerly known as Harman Connected Services. Inc.) and its subsidiaries, effective December 1, 2025. |
| --- | --- |
| ^(5)^ | Wipro Digital Inc., a wholly owned subsidiary, has merged with Wipro Connected Services, Inc. (Formerly known<br>as Harman Connected Services, Inc.), a step-down subsidiary, effective December 1, 2025. |
| --- | --- |
| ^(6)^ | Cardinal US Holdings, Inc transferred its entire ownership in Capco Consulting Services LLC to The Capital<br>Markets Company, LLC effective March 30, 2026. |
| --- | --- |
| ^(7)^ | Capco RISC Consulting LLC merged with The Capital Markets Company. LLC effective March 30, 2026.<br> |
| --- | --- |
| ^(8)^ | Cardinal US Holdings. Inc. merged with Wipro IT Services, LLC effective March 31, 2026.<br> |
| --- | --- |
| ^(9)^ | Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) merged with Rizing LLC effective<br>March 31, 2026. |
| --- | --- |
| ^(10)^ | Wipro Business Services LLC has been incorporated as a step down subsidiary of the Company with effect from<br>January 20. 2026, which is 100% held by Wipro, LLC. |
| --- | --- |
| ^(1)^ | Step Subsidiary details of The Capital Markets Company LLC. Health Plan Services, Inc.. International<br>TechneGroup 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<br>Portugal S.A. and Harman Connected Services AB are as follows: |
| --- | --- |
5
| Subsidiaries | Subsidiaries | Subsidiaries | Country ofIncorporation | Holding | ||
|---|---|---|---|---|---|---|
| The Capital Markets Company, LLC | Capco Consulting Services LLC ^(6)^ | USA<br> <br>USA | 100.00 | % | ||
| HealthPlan Services, Inc. | HealthPlan Services Insurance Agency, LLC | USA<br> <br>USA | 100.00 | % | ||
| International TechneGroup Incorporated | International TechneGroup Ltd. ITI<br><br><br>Proficiency Ltd<br> <br>Mech Works S.R.L. | USA<br> <br>U.K.<br><br><br>Israel<br> <br>Italy | 100.00<br><br><br>100.00<br> <br>100.00 | %<br><br><br>%<br> <br>% | ||
| Wipro NextGen Enterprise Inc. | LeanSwilt AB | USA<br> <br>Sweden | 100.00 | % | ||
| Rizing Intermediate Holdings, Inc. | Rizing Lanka (Private) Ltd<br> <br><br><br><br>Rizing Solutions Canada Inc.<br> <br>Rizing LLC (9) | Attune Netherlands B.V. ^(11)^<br> <br><br><br><br><br> <br>Rizing B.V.<br><br><br>Rizing Consulting Ireland Limited<br> <br>Rizing Consulting Pty Ltd.<br><br><br>Rizing Geospatial LLC<br> <br>Rizing GmbH<br><br><br>Rizing Limited<br> <br>Rizing Pte Ltd. ^(11)^ | USA<br> <br><br><br><br>Sri Lanka<br> <br>Netherlands<br><br><br>Canada<br> <br>USA<br><br><br>Netherlands<br> <br>Ireland<br><br><br>Australia<br> <br>USA<br><br><br>Germany<br> <br>U.K.<br><br><br>Singapore | 100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00<br><br><br>100.00 | %<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>%<br> <br>%<br><br><br>% | |
| The Capital Markets Company BV | CapAfric Consulting (Pty) Ltd Capco Belgium BV | The Capital Markets Company s.r.o<br><br><br>Capco Consultancy (Thailand) Ltd | Belgium<br> <br><br><br><br>South Africa<br> <br>Belgium<br><br><br>Slovakia<br> <br>Thailand | 100.00<br> <br>100.00<br><br><br>15.00<br> <br>0.04 | %<br> <br>%<br><br><br>%<br> <br>% | |
| Capco Consultancy (Malaysia) Sdn. Bhd<br> <br>Capco<br>Consultancy (Thailand) Ltd | Malaysia<br> <br><br><br><br>Thailand | 100.00<br><br> <br>99.92 | % <br><br> <br>% | |||
| Capco Consulting Singapore Pte.<br> <br>Ltd<br><br><br>Capco Greece Single Member P.C | Singapore<br> <br><br><br><br>Greece | 100.00<br><br> <br>100.00 | % <br><br> <br>% | |||
| Capco Poland sp. z.o.o<br> <br>The Capital Markets<br>Company (UK) Ltd | Capco Consultancy (Thailand) Ltd | Poland<br> <br>U.K.<br><br><br>Thailand | 100.00<br> <br>100.00<br><br><br>0.04 | % <br> <br>%<br> <br>% | ||
| The Capital Markets Company GmbH<br> <br><br><br><br>The Capital Markets Company Limited<br> <br>The Capital Markets Company<br>Limited<br> <br><br> <br><br> <br>The<br>Capital Markets Company S.á.r.l<br> <br><br> <br>The Capital Markets Company S.A.S | The Capital Markets Company Limited<br> <br><br><br><br><br> <br>Capco Austria GmbH<br><br><br><br> <br><br> <br><br><br><br>Capco Brasil Services E<br> <br>Consultoria Ltda<br><br><br><br> <br>Andrion AG | Hong Kong<br> <br><br><br><br>Germany<br> <br><br><br><br>Austria<br> <br>Hong Kong<br><br><br><br> <br>Canada<br> <br><br><br><br>Brazil<br> <br><br><br><br>Switzerland<br> <br>Switzerland<br><br><br><br> <br>France | 0.01<br><br> <br>100.00<br><br><br><br> <br>100.00<br><br><br>99.99<br> <br><br><br><br>100.00<br> <br><br><br><br>0.01<br> <br><br><br><br>100.00<br> <br>100.00<br><br><br><br> <br>100.00 | % <br><br> <br>%<br><br><br><br> <br>%<br><br><br>%<br> <br><br><br><br>%<br> <br><br><br><br>%<br> <br><br><br><br>%<br> <br>%<br><br><br><br> <br>% |
6
| The Capital Markets Company s.r.o | Slovakia | 85.00 | % | |||
|---|---|---|---|---|---|---|
| Wipro Ampion Holdings Pty Ltd | Wipro Revolution IT Pty Ltd<br> <br>Wipro Shelde<br>Australia Pty Ltd | Australia<br> <br>Australia<br><br><br>Australia | 100.00<br> <br>100.00 | % <br> <br>% | ||
| Wipro Appirio, Inc. | Wipro Appirio (Ireland) Limited<br> <br><br><br><br>Topcoder, LLC | Wipro Appirio UK Limited | USA<br> <br>Ireland<br><br><br>U.K.<br> <br>USA | 100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br><br><br>% | |
| Wipro Designit Services, Inc. | Wipro Designit Services Limited | USA<br> <br>Ireland | 100.00 | % | ||
| Wipro do Brasil Technologia Ltda | Wipro do Brasil Services Ltda<br><br><br>Wipro Do Brasil Sistemas De Informatica Ltda | Brazil<br> <br>Brazil<br><br><br>Brazil | 100.00<br><br><br>96.84 | %<br><br><br>% | ||
| Wipro Portugal S.A. | Wipro do Brasil Technologia Ltda<br><br><br>Wipro Do Brasil Sistemas De Informatica Ltda<br> <br>Wipro Technologies<br>GmbH | Wipro Business Solutions<br><br><br>GmbH ^(11)^<br><br><br>Wipro IT Services Austria GmbH | Portugal<br> <br>Brazil<br><br><br>Brazil<br> <br>Germany<br><br><br>Germany<br> <br><br><br><br>Austria | 0.56<br><br><br>3.09<br> <br>85.13<br><br><br>100.00<br> <br><br><br><br>100.00 | %<br><br><br>%<br> <br>%<br><br><br>%<br> <br><br><br><br>% | |
| Harman Connected Services AB | Harman Connected Services Solutions (Chengdu) Co. Ltd. | Sweden<br> <br>China | 100.00 | % | ||
| ^(11)^ | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as<br>follows: | |||||
| --- | --- | |||||
| Subsidiaries | Subsidiaries | Subsidiaries | Country ofIncorporation | |||
| --- | --- | --- | --- | --- | --- | --- |
| Attune Netherlands B.V. | Rizing Germany GmbH<br><br><br>Attune Italia S.R.L<br><br><br>Attune UK Ltd. | Netherlands<br><br><br>Germany<br><br><br>Italy<br><br><br>U.K. | 100.00<br> <br>100.00<br><br><br>100.00 | % <br> <br>%<br><br><br>% | ||
| Rizing Pte Ltd. | Rizing New Zealand Ltd.<br><br><br>Rizing Philippines Inc.<br><br><br>Rizing SDN BHD<br><br><br>Rizing Solutions Pty Ltd | Singapore<br><br><br>New Zealand<br><br><br>Philippines<br><br><br>Malaysia<br><br><br>Australia | 100.00<br> <br>100.00<br><br><br>100.00<br> <br>100.00 | % <br> <br>%<br> <br>%<br><br><br>% | ||
| Wipro Business Solutions GmbH | Germany | 100.00 | % | |||
| Wipro Technology Solutions S.R.L | Romania |
As at March 31, 2026, Wipro. LLC held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 27% interest in SDVcrsc LLC, accounted for using the equity method.
The list of controlled trusts are:
| Name of the entity | Country of incorporation |
|---|---|
| Wipro Equity Reward Trust<br> <br>Wipro<br>Foundation | India<br> <br>India |
Vide the order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.
6. 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.
7
Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. 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 and Western Europe. APMEA consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, 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 March 31, 2026, December 31, 2025, March 31, 2025, year ended March 31, 2026, and March 31, 2025 are as follows:
| Particulars | Three months ended | Year ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| March<br>31, 2026 | December<br>31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March<br>31, 2025 | |||||||||||
| Audited | Audited | Audited | Audited | Audited | |||||||||||
| Segment revenue | |||||||||||||||
| IT Services | |||||||||||||||
| Americas 1 | 79,844 | 77,809 | 73,721 | 305,571 | 281,824 | ||||||||||
| Americas 2 | 67,288 | 67,708 | 68,582 | 269,077 | 271,972 | ||||||||||
| Europe | 65,412 | 62,405 | 58,552 | 244,165 | 240,077 | ||||||||||
| APMEA | 27,623 | 25,859 | 23,598 | 102,340 | 94,351 | ||||||||||
| Total of IT Services | **** | 240,167 | **** | **** | 233,781 | **** | **** | 224,453 | **** | **** | 921,153 | **** | **** | 888,224 | **** |
| IT Products | 2,521 | 2,565 | 813 | 6,940 | 2,692 | ||||||||||
| Total segment revenue | **** | 242,688 | **** | **** | 236,346 | **** | **** | 225,266 | **** | **** | 928,093 | **** | **** | 890,916 | **** |
| Segment result | |||||||||||||||
| IT Services | |||||||||||||||
| Americas 1 | 16,058 | 16,409 | 16,195 | 62,896 | 58,186 | ||||||||||
| Americas 2 | 12,181 | 14,450 | 15,513 | 53,138 | 61,326 | ||||||||||
| Europe | 10,092 | 8,003 | 8,140 | 31,083 | 29,434 | ||||||||||
| APMEA | 5,085 | 3,583 | 3,672 | 14,955 | 12,850 | ||||||||||
| Unallocated | (1,899 | ) | (1,259 | ) | (4,250 | ) | (3,426 | ) | (10,157 | ) | |||||
| Total of IT Services | **** | 41,517 | **** | **** | 41,186 | **** | **** | 39,270 | **** | **** | 158,646 | **** | **** | 151,639 | **** |
| IT Products | 211 | 227 | 28 | 559 | (173 | ) | |||||||||
| Reconciling Items | 235 | (5,678 | ) | (211 | ) | (7,954 | ) | (195 | ) | ||||||
| Total segment result | **** | 41,963 | **** | **** | 35,735 | **** | **** | 39,087 | **** | **** | 151,251 | **** | **** | 151,271 | **** |
| Finance expenses | (3,701 | ) | (3,656 | ) | (3,767 | ) | (14,577 | ) | (14,770 | ) | |||||
| Finance and other income | 8,387 | 9,232 | 11,819 | 36,491 | 38,202 | ||||||||||
| Share of net profit/ (loss) of associate and joint venture accounted for using the equity<br>method | 27 | 28 | 291 | 257 | 254 | ||||||||||
| Profit before tax | **** | 46,676 | **** | **** | 41,339 | **** | **** | 47,430 | **** | **** | 173,422 | **** | **** | 174,957 | **** |
8
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 net impact of foreign exchange<br>gains/(losses), net in revenues amounting to ₹ 325, ₹ 788, and ₹ 224 for the three months ended March 31, 2026, December 31, 2025, and March 31, 2025, respectively, ₹ 1,853 and ₹ 32 for the year ended March 31, 2026 and March 31, 2025, respectively, which is reported under<br>foreign exchange gains/(losses), net in the consolidated financial results. | |||||||||||
| --- | --- | |||||||||||
| d) | Restructuring cost of ₹ Nil, ₹ 2,629 and ₹ Nil for the three months ended March 31, 2026, December 31, 2025<br>and March 31, 2025, respectively, ₹ 5,139 and ₹ Nil for the year ended<br>March 31, 2026 and March 31, 2025, respectively, is included under Reconciling Items. | |||||||||||
| --- | --- | |||||||||||
| e) | Impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new<br>labour code amounting to ₹ (272) and ₹ 3,028 for the three months ended March 31,<br>2026 and December 31, 2025, respectively, ₹ 2,756 for the year ended March 31, 2026, is included under Reconciling items. | |||||||||||
| --- | --- | |||||||||||
| f) | “Unallocated” within IT Services segment results is after recognition of the below:<br> | |||||||||||
| --- | --- | |||||||||||
| Three months ended | Year ended | |||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Particulars | March<br>31, 2026 | December<br>31, 2025 | March<br>31, 2025 | March<br>31, 2026 | March<br>31, 2025 | |||||||
| Amortization and impairment expenses on intangible assets | 1,840 | 2,652 | 1,631 | 7,787 | 7,909 | |||||||
| Change in fair value of contingent consideration | ^ | ^ | (2 | ) | 49 | (169 | ) | |||||
| ^^^ | Value is less than 0.5 | |||||||||||
| --- | --- | |||||||||||
| g) | Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,400, ₹ 1,365 and<br>₹ 1,195 for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively and ₹ 4,465 and ₹ 5,542 for the year ended March 31, 2026 and March 31, 2025, respectively. | |||||||||||
| --- | --- | |||||||||||
| h) | Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and<br>equipment of ₹ 170, ₹ (33) and ₹ 160 for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively, and ₹<br>(393) and ₹ (606) for the year ended March 31, 2026 and March 31, 2025 respectively. | |||||||||||
| --- | --- | |||||||||||
| 7. | Decline in the revenue and earnings estimates led to revision of recoverable value of<br>customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of<br>₹ Nil, ₹ 841, and<br>₹ Nil for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively, ₹ 851, and ₹ 1,155 for the year ended March 31, 2026 and March 31, 2025, as part of depreciation, amortization<br>and impairment expense. | |||||||||||
| --- | --- | |||||||||||
| 8. | Issue of bonus shares | |||||||||||
| --- | --- |
During the year ended March 31, 2025, the company concluded bonus issue in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.
| 9. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately,<br>replacing the existing 29 labour laws. In accordance with IAS 19 — Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in<br>the Statement of Income. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
|---|
The Company has concluded the salary restructuring exercise in compliance with the Labour Codes. The implementation of the Labour Code has resulted in a net increase of ₹ 2,756 in the provision for gratuity and remeasurement of leave encashment, which has been recognized as employee benefit expense in the current year. The Company continues to monitor the finalization of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes.
9
10. Audited Consolidated Balance Sheet:
| As at March 31, 2025 | As at March 31, 2026 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Goodwill | 325,014 | 387,399 | ||
| Intangible assets | 27,450 | 29,176 | ||
| Property, plant and equipment | 80,684 | 81,787 | ||
| Right-of-Use assets | 25,598 | 28,287 | ||
| Financial assets | ||||
| Derivative assets | ^ | — | ||
| Investments | 26,458 | 28,053 | ||
| Trade receivables | 299 | 349 | ||
| Unbilled receivables | — | 7,433 | ||
| Other financial assets | 4,664 | 6,259 | ||
| Investments accounted for using the equity method | 1,327 | 2,126 | ||
| Deferred tax assets | 2,561 | 5,242 | ||
| Non-current tax assets | 7,230 | 7,787 | ||
| Other non-current assets | 7,460 | 9,010 | ||
| Total non-current assets | **** | 508,745 | **** | 592,908 |
| Inventories<br><br><br>Financial assets | 694 | 517 | ||
| Derivative assets | 1,820 | 888 | ||
| Investments | 411,474 | 437,680 | ||
| Cash and cash equivalents | 121,974 | 105,555 | ||
| Trade receivables | 117,745 | 135,901 | ||
| Unbilled receivables | 64,280 | 76,823 | ||
| Other financial assets | 8,448 | 10,245 | ||
| Contract assets | 15,795 | 14,819 | ||
| Current tax assets | 6,417 | 10,762 | ||
| Other current assets | 29,128 | 33,164 | ||
| Total current assets | **** | 777,775 | **** | 826,354 |
| TOTAL ASSETS | **** | 1,286,520 | **** | 1,419,262 |
| EQUITY | ||||
| Share capital | 20,944 | 20,977 | ||
| Share premium | 2,628 | 6,158 | ||
| Retained earnings | 716,477 | 735,057 | ||
| Share-based payment reserve | 6,985 | 7,920 | ||
| Special Economic Zone Re-investment reserve | 27,778 | 25,966 | ||
| Other components of equity | 53,497 | 89,290 | ||
| Equity attributable to the equity holders of the Company | **** | 828,309 | **** | 885,368 |
| Non-controlling interests | 2,138 | 2,509 | ||
| TOTAL EQUITY | **** | 830,447 | **** | 887,877 |
| LIABILITIES | ||||
| Financial liabilities | ||||
| Loans and borrowings | 63,954 | 1,962 | ||
| Lease liabilities | 22,193 | 26,327 | ||
| Accrued expenses | — | 4,394 | ||
| Other financial liabilities | 7,793 | 6,743 | ||
| Deferred tax liabilities | 16,443 | 17,266 | ||
| Non-current tax liabilities | 42,024 | 48,195 | ||
| Other non-current liabilities | 17,119 | 23,042 | ||
| Provisions | 294 | 224 | ||
| Total non-current liabilities | **** | 169,820 | **** | 128,153 |
| Financial liabilities | ||||
| Loans, borrowings and bank overdrafts | 97,863 | 165,912 | ||
| Lease liabilities | 8,025 | 8,709 | ||
| Derivative liabilities | 968 | 10,978 | ||
| Trade payables and accrued expenses | 88,252 | 94,924 | ||
| Other financial liabilities | 3,878 | 11,357 | ||
| Contract liabilities | 20,063 | 25,434 | ||
| Current tax liabilities | 34,481 | 49,621 | ||
| Other current liabilities | 31,086 | 34,801 | ||
| Provisions | 1,637 | 1,496 | ||
| Total current liabilities | **** | 286,253 | **** | 403,232 |
| TOTAL LIABILITIES | **** | 456,073 | **** | 531,385 |
| TOTAL EQUITY AND LIABILITIES | **** | 1,286,520 | **** | 1,419,262 |
| ^ | Value is less than 0.5 | |||
| --- | --- |
10
11. Audited Consolidated statement of cash flows:
| Year ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2026 | |||||
| Cash flows from operating activities | ||||||
| Profit for the year | 132,180 | 132,655 | ||||
| Adjustments to reconcile profit for the year to net cash generated from operatingactivities: | ||||||
| Gain on sale of property, plant and equipment, net | (606 | ) | (393 | ) | ||
| Depreciation, amortization and impairment expense | 29,579 | 29,107 | ||||
| Unrealized exchange (gain)/loss, net | (623 | ) | 2,168 | |||
| Share-based compensation expense | 5,551 | 4,465 | ||||
| Share of net (profit)/loss of associate and joint venture accounted for using equity<br>method | (254 | ) | (257 | ) | ||
| Income tax expense | 42,777 | 40,767 | ||||
| Finance and other income, net of finance expenses | (23,432 | ) | (21,914 | ) | ||
| Change in fair value of contingent consideration | (169 | ) | 49 | |||
| Lifetime expected credit loss | 324 | 2,838 | ||||
| Changes in operating assets and liabilities, net of effects from acquisitions | ||||||
| (Increase)/Decrease in trade receivables | 1,894 | (11,442 | ) | |||
| (Increase(/Decrease in unbilled receivables and contract assets | (1,331 | ) | (14,498 | ) | ||
| (Increase(/Decrease in Inventories | 213 | 184 | ||||
| (Increase(/Decrease in other financial assets and other assets | 6,609 | (205 | ) | |||
| Increase(/Decrease) in trade payables, accrued expenses, other financial liabilities, other<br>liabilities and provisions | 548 | 8,482 | ||||
| Increase(/Decrease) in contract liabilities | 2,341 | 3,555 | ||||
| Cash generated from operating activities before taxes | **** | 195,601 | **** | **** | 175,561 | **** |
| Income taxes paid, net | (26,175 | ) | (26,245 | ) | ||
| Net cash generated from operating activities | **** | 169,426 | **** | **** | 149,316 | **** |
| Cash flows from investing activities: | ||||||
| Payment for purchase of property, plant and equipment | (14,737 | ) | (15,603 | ) | ||
| Proceeds from disposal of property, plant and equipment | 1,822 | 758 | ||||
| Investment in associate | — | (352 | ) | |||
| Payment for purchase of investments | (801,582 | ) | (837,806 | ) | ||
| Proceeds from sale of investments | 706,520 | 816,732 | ||||
| Payment for business acquisitions including deposits and escrow, net of cash acquired | (964 | ) | (26,033 | ) | ||
| Repayment of security deposit for property, plant and equipment | (300 | ) | — | |||
| Interest received | 26,212 | 28,878 | ||||
| Dividend received | 2,299 | 3 | ||||
| Net cash generated from/(used in) investing activities | **** | (80,730 | ) | **** | (33,423 | ) |
| Cash flows from financing activities: | ||||||
| Proceeds from issuance of equity shares and shares pending allotment | 27 | 33 | ||||
| Repayment of loans and borrowings | (177,672 | ) | (259,841 | ) | ||
| Proceeds from loans and borrowings | 195,595 | 253,089 | ||||
| Payment of lease liabilities | (10,474 | ) | (11,561 | ) | ||
| Payment for contingent consideration | — | (648 | ) | |||
| Payment of deferred consideration on business combination | — | (221 | ) | |||
| Interest and finance expenses paid | (8,689 | ) | (6,336 | ) | ||
| Payment of dividend | (62,750 | ) | (115,206 | ) | ||
| Payment of dividend to Non-controlling interest<br>holders | — | (569 | ) | |||
| Net cash generated from/(used) in financing activities | **** | (63,963 | ) | **** | (141,260 | ) |
| Net increase in cash and cash equivalents during the year | 24,733 | (25,367 | ) | |||
| Effect of exchange rate changes on cash and cash equivalents | 290 | 8,948 | ||||
| Cash and cash equivalents at the beginning of the year | 96,951 | 121,974 | ||||
| Cash and cash equivalents at the end of the year | **** | 121,974 | **** | **** | 105,555 | **** |
11
12. Events after the reporting period
| a) | On April 5, 2026, the Company signed a definitive agreement to acquire Mindsprint, Olam Group’s IT<br>services arm, a provider of technology and digital transformation services for a total consideration of USD 375 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded by<br>quarter ending June 30, 2026. |
|---|---|
| b) | On April 14, 2026, the Company signed a definitive agreement to acquire select customer contracts of Alpha Net<br>Consulting, a provider of enterprise software development, data engineering, and managed services for a total consideration (including earnouts) of USD 70.8 million. The acquisition is subject to customary closing conditions and is expected to<br>be concluded by quarter ending June 30, 2026. |
| --- | --- |
| c) | On April 16, 2026, the Board of Directors approved a proposal to buyback of equity shares, subject to the<br>approval of shareholders, for purchase by the Company of up to 600,000,000 equity shares of ₹ 2 each (being 5.7% of total number of equity shares) from the<br>shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 per equity share for an aggregate amount not exceeding ₹ 150,000, in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities)<br>Regulations, 2018, as amended and the Companies Act, 2013 and rules made thereunder. |
| --- | --- |
| By order of the Board, | For, Wipro Limited |
| --- | --- |
| /s/ Rishad A. Premji | |
| Place: Bengaluru | Rishad A. Premji |
| Date: April 16, 2026 | Chairman |
12
Details as required under SEBI Master Circular for Compliance with the provisions of the SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, read with relevant Circulars issued by NSE and BSE, as amended from time to time:
Annexure A
| Sl.<br><br><br>No. | Particulars | Details |
|---|---|---|
| 1. | Reason for change viz. appointment, reappointment, resignation, removal, death or otherwise | Ms. Tulsi Naidu (DIN: 03017471) who was appointed initially for a period of 5 years w.e.f. July 1, 2021, would complete her first term as an Independent Director of the Company on June 30, 2026. Hence, she is proposed<br>to be reappointed as an Independent Director for a second term of 5 years w.e.f. July 1, 2026, to June 30, 2031. The re-appointment is subject to approval of the shareholders of the<br>Company. |
| 2. | Date of appointment / re-appointment / cessation (as applicable) & term of appointment / re-appointment | Re-appointment of Ms. Naidu as an Independent Director of the Company for a second term of 5 years w.e.f. July 1, 2026, to June 30, 2031. The<br>re-appointment is subject to approval of the shareholders of the Company. |
| 3. | Brief profile (in case of appointment) | Refer Annexure A-1 |
| 4. | Disclosure of relationships between directors (in case of appointment of a director) | NIL |
| 5. | Information as required under BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018 and NSE circular no. NSE/CML/2018/24, dated June 20, 2018 | Ms. Naidu is not debarred from holding the office of director by any SEBI order or any other such authority. |
Annexure A-1
Brief profile of Ms. Tulsi Naidu:
| Tulsi Naidu became a director of the Company in July 2021 and is a member of our Audit, Risk and Compliance Committee. She also serves as the Chairperson of our Nomination and Remuneration Committee. She has 29 years of<br>financial services experience in Europe and Asia. She is Chief Executive Officer, Asia-Pacific of Zurich Insurance Group Ltd (“Zurich”), a member of Group Executive, a trustee of the Zurich Foundation. She also currently serves as a non-executive director on the Board of Directors of Zurich Kotak General Insurance Company (India) Limited. Prior to her current role, Ms. Naidu was CEO of Zurich Group in the United Kingdom. |
|---|
Prior to joining Zurich, Ms. Naidu spent 14 years at Prudential Plc (upto 2016) in a variety of executive positions across their UK and Europe business. Her last position with Prudential was Executive Director, UK & Offshore. She was previously Chief Operating Officer for Prudential UK & Europe and prior to that held a number of general management roles.
Ms. Naidu has experience of over two decades as a reputed and internationally experienced leader from the financial services industry and comes with wide management experience and expertise across the fields of Strategy, Credit, Insurance, Information Technology including Cybersecurity and Risk management among others.
Ms. Naidu holds a Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad and bachelor’s degree in Mathematics, Economics and Statistics from Nizam College, Hyderabad.
Annexure B
Buyback of Equity Shares
| Sr.No. | Particulars | Details |
|---|---|---|
| 1. | Number of securities proposed for buyback | Buyback of up to 60,00,00,000 (Sixty Crore) equity shares |
| 2. | Number of securities proposed for buyback as a percentage of existing paid-up capital | Buyback of up to 60,00,00,000 (Sixty Crore) fully paid-up equity shares of face value of ₹ 2/- (Rupees Two<br>only), representing 5.7% of the total paid-up equity share capital of the Company. |
| 3. | Buyback price | ₹ 250/- (Rupees Two Hundred and Fifty only) per equity share. |
| 4. | Actual securities in number and percentage of existing paid-up capital bought back | The actual number of securities and percentage of the existing paid-up capital bought back shall be ascertained following completion of the buyback. |
| 5. | Pre & Post shareholding pattern | The pre-buyback shareholding pattern is attached as Annexure<br>B-1.<br> <br><br> <br>The post buyback shareholding pattern<br>of the Company shall be ascertained following completion of the buyback. |
Annexure B-1
Pre-Buyback Shareholding Pattern of the Company as on April 10, 2026
| Shareholders | No. ofshareholders | No. of Shares | % ofShares | |||
|---|---|---|---|---|---|---|
| Promoter and Promoter Group: | ||||||
| Individuals | 4 | 46,30,51,682 | 4.41 | |||
| Companies/Other Entities | 7 | 7,15,37,89,216 | 68.21 | |||
| Sub Total | **** | 11 | **** | 7,61,68,40,898 | **** | 72.62 |
| Indian Financial Institutions | 2 | 53,000 | 0.00 | |||
| Banks | 6 | 1,81,140 | 0.00 | |||
| Mutual Funds | 227 | 44,65,62,336 | 4.26 | |||
| Sub Total | **** | 235 | **** | 44,67,96,476 | **** | 4.26 |
| Foreign Holding: | ||||||
| Foreign Institutional Investors/Foreign Portfolio Investors | 899 | 88,51,20,170 | 8.44 | |||
| NRIs | 32,724 | 9,83,39,027 | 0.94 | |||
| ADRs | 1 | 25,97,53,542 | 2.48 | |||
| Foreign Nationals and Overseas Corporate Bodies | 6 | 2,44,907 | 0.00 | |||
| Sub Total | **** | 33,630 | **** | 1,24,34,57,646 | **** | 11.86 |
| Indian Public, Corporates & Others | 26,61,268 | 11,81,419,964 | 11.26 | |||
| Total | **** | 26,95,144 | **** | 10,48,85,14,984 | **** | 100.00 |