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WIT 6-K

Wipro Ltd (WIT)

6-K 2025-04-21 For: 2025-04-21
View Original
Added on April 08, 2026

UNITED STATES

SECURITIESAND 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 March 2025

Commission File Number 001-16139

Wipro Limited

(Exactname of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

SarjapurRoad

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

(Address of principal executiveoffices)

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

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

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

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

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

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information concerning its public disclosures regarding its results of operations for the quarter and year ended March 31, 2025. 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, 2025, the Company announced its results of operations for the quarter and year ended March 31, 2025. The Company issued a press release announcing its results under International Financial Reporting Standards (“IFRS”), a copy of which is attached to this Form 6-K as Item 99.1.

The Company placed advertisements in certain Indian newspapers concerning its results of operations for the quarter and year ended March 31, 2025, under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.2.

The Company made available on its website the Condensed Consolidated Interim Financial Statements for the quarter and year ended March 31, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.3.

The Company filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter and year ended March 31, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.4.

The Company filed with stock exchanges in India a data sheet containing operating metrics for the quarter and year ended March 31, 2025. A copy of such data sheet is attached to this Form 6-K as Item 99.5.

SIGNATURES

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

WIPRO LIMITED
By: /s/ Aparna Chandrashekar Iyer
Aparna Chandrashekar Iyer
Chief Financial Officer
Dated: April 21, 2025

INDEX TO EXHIBITS

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

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Wipro announces results for the Quarter and Year ended March 31, 2025

Net income grew 6.4% QoQ in Q4’25 and grew 18.9% YoY for FY’25

FY’25 margin at 17.1%, expands 0.9%, Q4 margin at 17.5%, expands 1.1% YoY

Large deal booking grew 48.5% YoY in Q4’25 and grew 17.5% YoY for FY’25

Operating cash flow at 104.4% of net income for Q4’25 and 128.2% for FY’25

EAST BRUNSWICK, N.J. | BANGALORE, India – Apr 16, 2025: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2025.

Highlights of the Results

Results for the Quarter endedMarch 31, 2025:

1. Gross revenue at<br>₹225.0 billion ($2,634.2 million^1^), an increase of 0.8% QoQ and 1.3% YoY.<br>
2. IT services segment revenue was at $2,596.5 million, decrease of 1.2% QoQ and 2.3% YoY.
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3. Non-GAAP^2^ constant<br>currency IT Services segment revenue decreased 0.8% QoQ and 1.2% YoY.
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4. Total bookings^3^ was at $3,955 million, up by 13.4% QoQ in<br>constant currency^2^. Large deal bookings^4^ was at $1,763 million, an increase of 48.5% YoY in constant currency^2^.
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5. IT services operating margin^5^ for Q4’25 was at 17.5%, flat<br>QoQ and expansion of 1.1% YoY.
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6. Net income for the quarter was at ₹35.7 billion ($417.8 million^1^), an increase of 6.4% QoQ and 25.9% YoY.
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7. Earnings per share for the quarter at ₹3.4 ($0.04^1^), an increase of 6.2% QoQ and 25.8% YoY.
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8. Operating cash flows of<br>₹37.5 billion ($438.5 million^1^), decrease of 28.2% YoY and at 104.4% of Net<br>Income for the quarter.
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9. Voluntary attrition was at 15.0% on a trailing 12-month basis.<br>
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Results for the Year ended March 31, 2025:

1. Gross revenue reached<br>₹890.9 billion ($10.4 billion^1^), a decrease of 0.7% YoY.
2. IT services segment revenue was at $10,511.5 million, a decrease of 2.7% YoY.
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3. Non-GAAP^2^ constant<br>currency IT Services segment revenue decreased 2.3% YoY.
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4. Large deal bookings^4^ was at $5.4 billion, up by 17.5% YoY.<br>Total bookings^3^ was at $14.3 billion, decrease of 3.8% YoY.
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5. IT services operating margin^5^ for the year was at 17.1%, up by<br>0.9% YoY.
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6. Net income for the year was at ₹131.4 billion ($1,537.0 million^1^), an increase of 18.9% YoY.
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7. Earnings per share for the year was at ₹12.6 ($0.15^1^), an increase of 20.3% YoY.
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8. Operating cash flows of<br>₹169.4 billion ($1,983.0 million^1^), decrease of 3.9% YoY and at 128.2% of Net<br>Income for the year.
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Outlook for the Quarter ending June 30, 2025

We expect revenue from our IT Services business segment to be in the range of $2,505 million to $2,557 million*. This translates to sequential guidance of (-)3.5% to (-)1.5% in constant currency terms.

*Outlook for the Quarter ending June 30, 2025, is based on the following exchange rates: GBP/USDat 1.26, Euro/USD at 1.05, AUD/USD at 0.63, USD/INR at 86.60 and CAD/USD at 0.70

Performance for the Quarter and Year ended March 31, 2025

Srini Pallia, CEO and Managing Director, said “We closed FY25 with two mega deal wins, an increase in large deal bookings,and growth in our top accounts. Client satisfaction scores improved, reflecting strong execution and engagement. We also continued to invest in our global talent and in strengthening our consulting and AI capabilities. As clients remain cautious inthe face of macroeconomic uncertainty, we’re focused on partnering closely with them while staying committed to consistent and profitable growth.”

Aparna Iyer, Chief Financial Officer, said **“**For Q4 operating margins expanded 110 basis points year on year and for the fullfinancial year margin expanded by 90 basis points. Our focus on execution rigour has ensured that our margins have steadily expanded even in a softening revenue environment. Our endeavor will be to maintain the margin ina narrow band in the coming quarters. Our net income grew 6.4% sequentially in Q4 and 18.9% for the full financial year . Cash flow continued to be robust in Q4 resulting in net operating cash flow generation of almost $ 2 Bn forFY ’ 25, which is 128.2% of our net income. ”

Capital Allocation:

The interim dividend of ₹ 6 declared by the Board at its meeting held on January 17^th^, 2025, shall be considered as final dividend for the financial year 2024-25.

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into UnitedStates Dollars at the certified foreign exchange rate of US$1 = ₹85.43, as published by the Federal Reserve Board ofGovernors on March 31, 2025. However, the realized exchange rate in our IT Services business segment for the quarter ended March 31, 2025, was US$1= ₹86.44
2. Constant currency for a period is the product of volumes in that period times the average actual exchange rate ofthe corresponding comparative period.
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3. Total Bookings refers to the total contract value of all orders that were booked during the period including neworders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchangerates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.
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4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
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5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.
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Highlights of Strategic Deal Wins

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

1. Phoenix Group, the UK’s largest long-term savings and retirement business, has selected Wipro to deliver life and<br>pension business administration for their ReAssure business and accelerate the Group’s operational transformation. Under the terms of the 10-year deal, Wipro’s<br>FCA-regulated entity, Wipro Financial Services Outsourcing Limited (WFOSL), will deliver comprehensive life and pension administration services that will encompass Policy Administration, Claims Processing,<br>Customer Service Support, Data Management and Reporting, and Compliance and Regulatory Support. As part of the engagement, Wipro will also assume management of the client’s core policy administration ALPHA platform, modernizing it with AI,<br>Automation, Cloud, and digital transformation technologies. This engagement aligns with our strategic big bet of setting up an Insurance Third Party Administration (TPA) business that will open doors for us to target large, multi-year platform,<br>deals encompassing operations and technology.
2. A prominent North America-based financial institution has selected Wipro to enhance its technology infrastructure,<br>delivery and operations. The Wipro team will consolidate the client’s existing technology vendors, thereby providing improved visibility into their technological delivery. Wipro will implement a global delivery model across the client’s<br>entire business to streamline processes, optimize resource allocation, and significantly boost efficiency. This comprehensive approach will enable the client to achieve substantial cost savings, heightened productivity, and superior service<br>delivery.
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3. A manufacturer of premium household appliances headquartered in Europe has selected Wipro to manage and transform its<br>IT landscape. The Wipro team will future-proof the client’s IT infrastructure by harnessing its AI-driven Smart-Operations Solution that includes conversational virtual service desk AI agents providing<br>seamless support in multiple languages. Wipro will consolidate all business applications, infrastructure, and cyber security tracks onto a unified monitoring platform to provide better visibility into the client’s technology ecosystem. From<br>this project, the client can expect to see enhanced operational efficiency and robust cyber-risk management.
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4. One of the largest health insurers in the U.S has extended its engagement with Wipro to automate and streamline its<br>financial and membership reconciliation. Wipro will deploy its industry leading Medicare platform, “Payer-in-a-box”, to<br>support the client’s growing business. The SaaS based solution will provide the client with increased flexibility to handle membership growth, optimized financial control, and assured compliance with Centre for Medicare & Medicaid<br>Services regulations. Additionally, the solution will also ensure data security, platform stability, and seamless business continuity for the client.
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5. A Fortune 100 global healthcare payer, experiencing significant business growth, has entrusted Wipro to manage its<br>increased operational demands. Wipro will leverage its deep expertise and AI tools to scale the client’s Medicare, Medicaid, and ACA operations. This will enable the client to focus on their core strategic priorities, optimize operational<br>costs, and significantly improve efficiency in member services. Wipro will support the client in improving user experience and driving exceptional business outcomes.
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6. A US-based payment card services company has expanded its relationship with<br>Wipro to modernize and maintain its business applications portfolio. The Wipro team will undertake a transformation and optimization program across the client’s payment ecosystem. From this project, the client will see significantly improved<br>transaction security for their end-customers, as well as enhanced scalability and cost efficiency.
7. A leading American multinational energy corporation has extended their relationship with Wipro to provide Application<br>Management Services across their entire Oil & Gas value chain. Leveraging Wipro’s AI-powered NextGen AMS solution, the team will modernize and manage an expanded scope of business applications<br>that power critical functions across the client’s end-to-end business value chain. Through this engagement, the client will see a significant increase in AI-enabled operational efficiency, improved resilience in automation, enhanced service levels, as well as stronger alignment with their competitive performance goals.
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8. A North American parcel delivery company has extended its relationship with Wipro to provide private Cloud solutions,<br>which comprise Cloud Server, Storage, Network, Security, and Scheduling services. Leveraging AI-Ops tools, the Wipro team will help the client achieve improved ticket resolution and reduction in planned<br>outages. Further, the client will realize enhanced business agility and scalability, as well as cost predictability, data sovereignty, and resiliency.
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9. A Europe-based international food wholesaler has extended its partnership with Wipro to provide comprehensive business<br>application management, cloud, and IT support services. In the initial phase of the partnership, Wipro assisted the customer in accelerating their cloud strategy by migrating 80% of their on-premises<br>infrastructure to the cloud and contributing to the modernization of their store infrastructure. The second phase will focus on enhancing cloud security through modernization and optimization of the client’s cloud environment. The Wipro team<br>will also continue to manage and modernize the client’s business applications, utilizing GenAI-powered solutions to swiftly detect and resolve incidents, ensuring uninterrupted operations. Additionally, Wipro will leverage data-driven business<br>insights to improve strategic decision-making, leading to enhanced operational efficiency and greater visibility into the client’s business segments.
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10. A large Australian engineering and construction company has strengthened its strategic, long-standing partnership with<br>Wipro by expanding into a Managed Services contract. Wipro will leverage automation and AI ops to improve user experience, deliver faster and higher quality issue resolution, as well as to optimize IT costs, and streamline operations. Wipro will<br>also transform the client’s IT service delivery across multiple business units to create a modern, secure, and sustainable environment.
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11. A multinational engineering corporation has selected Wipro to implement<br>AI-powered comprehensive managed infosec services solution to enhance their network, endpoint, cloud, and identity security. Integrating AI solutions from the WeGA studio, Wipro will automate processes,<br>efficiently resolve alerts, and provide contextual resolutions for the client. Wipro will enhance agent productivity by 15-20%, resulting in significant efficiency gains and improved overall performance.<br>
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12. Wipro has partnered with a US-based utility company to set up a GenAI Center<br>of Excellence to spearhead AI innovation. Through the CoE, Wipro will create a comprehensive GenAI strategy for the client’s AI and data lifecycle. Wipro is developing an<br>end-to-end resource planning platform for logistics, power management, and asset health monitoring, to streamline operations. The AI & data CoE will facilitate<br>better risk governance, accelerated adoption and measurable ROI. The client will also see enhanced decision-making, regulatory alignment, as well as reusable and faster deployment of AI models.

Analyst Recognition

1. Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Generative Enterprise Services, 2025report
2. Wipro was ranked as a Leader in Avasant’s Life Sciences Digital Services 2025 RadarView^™^
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3. Wipro was positioned as a Leader in Everest Group’s Managed Detection and Response (MDR) Services PEAKMatrix® Assessment 2025
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4. Wipro was positioned as a Leader in ISG Provider Lens^™^ -Power & Utilities Industry Services and Solutions 2024 – North America & Europe (multiple quadrants)
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5. Wipro was rated as a Leader in ISG Provider Lens^™^ - Oiland Gas Industry Services and Solutions 2024 - North America (all quadrants)
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6. Wipro was recognized as a Leader in ISG Provider Lens^™^ -Telecom, Media and Entertainment Industry Services 2024 – North America (multiple quadrants)
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7. Wipro was featured as a Leader in ISG Provider Lens^™^ -Advanced Analytics and AI Services 2024 - US (all quadrants)
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8. Wipro was recognized as a Leader in ISG Provider Lens^™^ -Healthcare Digital Services 2024 - US (all quadrants)
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9. Wipro was recognized as a Leader and Star Performer in Everest Group’s SAP Business Application Services PEAKMatrix® Assessment 2025
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10. Wipro was positioned as a Leader in ISG Provider Lens^™^ -Oracle Cloud and Technology Ecosystem 2024 - US & Europe (all quadrants)
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11. Wipro was rated as a Leader in ISG Provider Lens^™^ -Sustainability and ESG 2024 - US & Europe (all quadrants)
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12. Wipro was positioned as a Leader in the 2025 Gartner® Magic Quadrant^™^ for Outsourced Digital Workplace Services
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13. Wipro was recognized as a Leader in Everest Group’s Application Management Services PEAK Matrix® Assessment2025
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Source & Disclaimer: *Gartner, “Magic Quadrant for Outsourced Digital WorkplaceServices”, Karl Rosander, et al, 24 March 2025.

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

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users toselect only those vendors with the highest ratings or other designation. Gartner’s research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims allwarranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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

5

IT Products

  1. IT Products segment revenue for the quarter was ₹0.8 billion ($9.5 million^1^)

  2. IT Products segment results for the quarter were ₹0.03 billion ($0.3million^1^)

  3. IT Products segment revenue for the year was ₹2.7 billion ($31.5 million^1^)

  4. IT Products segment results for the year were (₹(-)0.2 billion) ($(-)2.0 million^1^)

Please refer to the table on page 12 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Key Metrics and Non-GAAP Financial Measures

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

The table on page 12 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

Our key metrics and non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Resultsfor the Quarter and Year ended March 31, 2025, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com/investors/

Quarterly ConferenceCall

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (8:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIP160425

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

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com

Contact for InvestorRelations Contact for Media &Press
Dipak Kumar Bohra Abhishek Jain Dinesh Joshi
Phone:<br>+91-80-6142 7201 Phone: +91-80-6142 6143 Phone: +91 92052-64001
[email protected] [email protected] [email protected]

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, the benefits its customers experience and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

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

#

(Tables to follow)

7

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

As at March 31, 2024 As at March 31, 2025
**** Convenience translationinto US dollar inmillions (unaudited)
ASSETS
Goodwill 316,002 325,014 3,804
Intangible assets 32,748 27,450 321
Property, plant and equipment 81,608 80,684 944
Right-of-Use<br>assets 17,955 25,598 300
Financial assets
Derivative assets 25 ^ ^
Investments 21,629 26,458 310
Trade receivables 4,045 299 3
Other financial assets 5,550 4,664 54
Investments accounted for using the equity method 1,044 1,327 16
Deferred tax assets 1,817 2,561 30
Non-current tax assets 9,043 7,230 85
Other non-current assets 10,331 7,460 87
Total non-current assets **** 501,797 **** 508,745 **** 5,954
Inventories 907 694 8
Financial assets
Derivative assets 1,333 1,820 21
Investments 311,171 411,474 4,817
Cash and cash equivalents 96,953 121,974 1,428
Trade receivables 115,477 117,745 1,378
Unbilled receivables 58,345 64,280 753
Other financial assets 10,536 8,448 99
Contract assets 19,854 15,795 185
Current tax assets 6,484 6,417 75
Other current assets 29,602 29,128 341
Total current assets **** 650,662 **** 777,775 **** 9,105
TOTAL ASSETS **** 1,152,459 **** 1,286,520 **** 15,059
EQUITY
Share capital 10,450 20,944 245
Share premium 3,291 2,628 31
Retained earnings 630,936 716,477 8,387
Share-based payment reserve 6,384 6,985 82
Special Economic Zone re-investment reserve 42,129 27,778 325
Other components of equity 56,693 53,497 626
Equity attributable to the equity holders of the Company **** 749,883 **** 828,309 **** 9,696
Non-controlling interests 1,340 2,138 25
TOTAL EQUITY **** 751,223 **** 830,447 **** 9,721
LIABILITIES
Financial liabilities
Loans and borrowings 62,300 63,954 749
Lease liabilities 13,962 22,193 260
Derivative liabilities 4 - -
Other financial liabilities 4,985 7,793 91
Deferred tax liabilities 17,467 16,443 192
Non-current tax liabilities 37,090 42,024 492
Other non-current liabilities 12,970 17,119 200
Provisions - 294 3
Total non-current liabilities **** 148,778 **** 169,820 **** 1,987
Financial liabilities
Loans, borrowings and bank overdrafts 79,166 97,863 1,146
Lease liabilities 9,221 8,025 94
Derivative liabilities 558 968 11
Trade payables and accrued expenses 88,566 88,252 1,033
Other financial liabilities 2,272 3,878 45
Contract liabilities 17,653 20,063 235
Current tax liabilities 21,756 34,481 404
Other current liabilities 31,295 31,086 364
Provisions 1,971 1,637 19
Total current liabilities **** 252,458 **** 286,253 **** 3,351
TOTAL LIABILITIES **** 401,236 **** 456,073 **** 5,338
TOTAL EQUITY AND LIABILITIES **** 1,152,459 **** 1,286,520 **** 15,059

^ Value is less than 0.5 ****

8

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

Three months ended March 31, Year ended March 31,
2024 2025 2025 2024 2025 2025
Convenience translationinto US dollar in millions(unaudited) Convenience translationinto US dollar in millions(unaudited)
Revenues 222,083 225,042 2,634 897,603 890,884 10,428
Cost of revenues (157,219 ) (155,525 ) (1,820 ) (631,497 ) (617,802 ) (7,231 )
Gross profit **** 64,864 **** 69,517 **** 814 **** 266,106 **** 273,082 **** 3,197
Selling and marketing expenses (15,443 ) (15,065 ) (176 ) (69,972 ) (64,378 ) (753 )
General and administrative expenses (13,920 ) (15,589 ) (183 ) (60,375 ) (57,465 ) (673 )
Foreign exchange gains/(losses), net (128 ) 224 3 340 32 ^
Results from operating activities **** 35,373 **** 39,087 **** 458 **** 136,099 **** 151,271 **** 1,771
Finance expenses (3,308 ) (3,767 ) (44 ) (12,552 ) (14,770 ) (173 )
Finance and other income 6,759 11,819 138 23,896 38,202 447
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method (202 ) 291 3 (233 ) 254 3
Profit before tax **** 38,622 **** 47,430 **** 555 **** 147,210 **** 174,957 **** 2,048
Income tax expense (10,040 ) (11,549 ) (135 ) (36,089 ) (42,777 ) (501 )
Profit for the period **** 28,582 **** 35,881 **** 420 **** 111,121 **** 132,180 **** 1,547
Profit attributable to:
Equity holders of the Company 28,346 35,696 418 110,452 131,354 1,537
Non-controlling interests 236 185 2 669 826 10
Profit for the period **** 28,582 **** 35,881 **** 420 **** 111,121 **** 132,180 **** 1,547
Earnings per equity share:
Attributable to equity holders of the Company
Basic 2.71 3.41 0.04 10.44 12.56 0.15
Diluted 2.70 3.39 0.04 10.41 12.52 0.14
Weighted average number of equity shares used in computing earnings per equity share
Basic 10,444,700,646 10,462,328,534 10,462,328,534 10,576,571,110 10,456,741,552 10,456,741,552
Diluted 10,470,351,422 10,490,716,219 10,490,716,219 10,611,424,628 10,488,939,392 10,488,939,392

^ Value is less than 0.5

9

Information on reportable segments for the three months ended March 31, 2025, December 31, 2024, March 31, 2024, and year ended March 31, 2025 and March 31, 2024 are as follows:

Particulars Three months ended Year ended
March31, 2025 December31, 2024 March31, 2024 March31, 2025 March31, 2024
Audited Audited Audited Audited Audited
Segment revenue
IT Services
Americas 1 73,721 72,010 67,229 281,824 268,230
Americas 2 68,582 68,120 67,724 271,972 269,482
Europe 58,552 59,282 61,344 240,077 253,927
APMEA 23,598 23,439 24,499 94,351 102,177
Total of IT Services **** 224,453 **** 222,851 **** 220,796 **** 888,224 **** 893,816
IT<br>Products 813 747 1,159 2,692 4,127
Total segment revenue **** 225,266 **** 223,598 **** 221,955 **** 890,916 **** 897,943
Segment result
IT Services
Americas 1 16,195 14,966 14,081 58,186 59,364
Americas 2 15,513 15,275 15,791 61,326 59,163
Europe 8,140 7,600 7,933 29,434 33,354
APMEA 3,672 3,667 3,401 12,850 12,619
Unallocated (4,250 ) (2,518 ) (5,011 ) (10,157 ) (20,304 )
Total of IT Services **** 39,270 **** 38,990 **** 36,195 **** 151,639 **** 144,196
IT Products 28 29 143 (173 ) (371 )
Reconciling Items (211 ) (53 ) (965 ) (195 ) (7,726 )
Total segment result **** 39,087 **** 38,966 **** 35,373 **** 151,271 **** 136,099
Finance expenses (3,767 ) (4,146 ) (3,308 ) (14,770 ) (12,552 )
Finance and other income 11,819 9,708 6,759 38,202 23,896
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method 291 5 (202 ) 254 (233 )
Profit before tax **** 47,430 **** 44,533 **** 38,622 **** 174,957 **** 147,210

10

Additional Information:

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

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

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

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

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

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

IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.

11

Reconciliation of selected GAAP measures to Non-GAAP measures

1. Reconciliation of Non-GAAP Constant Currency IT Services Revenue to ITServices Revenue as per IFRS ($Mn)
Three Months ended March 31, 2025
--- ---
IT Services Revenue as per IFRS $2,596.5
Effect of Foreign currency exchange<br>movement $11.4
Non-GAAP Constant Currency IT Services Revenue<br><br><br>based on previous quarter exchange rates $2,607.9
Three Months ended March 31, 2025
IT Services Revenue as per IFRS $2,596.5
Effect of Foreign currency exchange<br>movement $29.8
Non-GAAP Constant Currency IT Services Revenue<br><br><br>based on exchange rates of comparable period in previous year $2,626.3
Year ended March 31, 2025
IT Services Revenue as per IFRS $10,511.5
Effect of Foreign currency exchange<br>movement $45.0
Non-GAAP Constant Currency IT Services Revenue<br><br><br>based on previous year exchange rates $10,556.6

12

2. Reconciliation of Free Cash Flow for three months and twelve months ended March 31, 2025
Amount in Mn
--- ---
Three months endedMarch 31, 2025
Net Income for the period [A] 35,881
Computation of Free Cash Flow
Net cash<br>generated from operating activities [B] 37,465
Add/(deduct) cash inflow/ (outflow)on:
Purchase<br>of property, plant and equipment (6,875)
Proceeds<br>from sale of property, plant and equipment 306
Free Cash Flow [C] 30,896
Operating Cash Flow as percentage of Net Income [B/A] 104.4%
FreeCash Flow as percentage of Net Income [C/A] 86.1%

All values are in Indian Rupees.

-------------------------------

13

EX-99.2

Exhibit 99.2

LOGO

LOGO

EX-99.3

Exhibit 99.3

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

AS AT AND FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2025

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

Notes As at March 31, 2024 As at March 31, 2025
Convenience translation into<br>US dollar in millions<br>(unaudited) Refer to Note 2(iii)
ASSETS
Goodwill 6 316,002 325,014 3,804
Intangible assets 6 32,748 27,450 321
Property, plant and equipment 4 81,608 80,684 944
Right-of-Use<br>assets 5 17,955 25,598 300
Financial assets
Derivative assets 18 25 ^ ^
Investments 8 21,629 26,458 310
Trade receivables 4,045 299 3
Other financial assets 11 5,550 4,664 54
Investments accounted for using the equity method 1,044 1,327 16
Deferred tax assets 1,817 2,561 30
Non-current tax assets 9,043 7,230 85
Other non-current assets 12 10,331 7,460 87
Total non-current assets **** 501,797 **** 508,745 **** 5,954
Inventories 9 907 694 8
Financial assets
Derivative assets 18 1,333 1,820 21
Investments 8 311,171 411,474 4,817
Cash and cash equivalents 10 96,953 121,974 1,428
Trade receivables 115,477 117,745 1,378
Unbilled receivables 58,345 64,280 753
Other financial assets 11 10,536 8,448 99
Contract assets 19,854 15,795 185
Current tax assets 6,484 6,417 75
Other current assets 12 29,602 29,128 341
Total current assets **** 650,662 **** 777,775 **** 9,105
TOTAL ASSETS **** 1,152,459 **** 1,286,520 **** 15,059
EQUITY
Share capital 10,450 20,944 245
Share premium 3,291 2,628 31
Retained earnings 630,936 716,477 8,387
Share-based payment reserve 6,384 6,985 82
Special Economic Zone re-investment reserve 42,129 27,778 325
Other components of equity 56,693 53,497 626
Equity attributable to the equity holders of the Company **** 749,883 **** 828,309 **** 9,696
Non-controlling interests 1,340 2,138 25
TOTAL EQUITY **** 751,223 **** 830,447 **** 9,721
LIABILITIES
Financial liabilities
Loans and borrowings 13 62,300 63,954 749
Lease liabilities 13,962 22,193 260
Derivative liabilities 18 4 - -
Other financial liabilities 15 4,985 7,793 91
Deferred tax liabilities 17,467 16,443 192
Non-current tax liabilities 37,090 42,024 492
Other non-current liabilities 16 12,970 17,119 200
Provisions 17 - 294 3
Total non-current liabilities **** 148,778 **** 169,820 **** 1,987
Financial liabilities
Loans, borrowings and bank overdrafts 13 79,166 97,863 1,146
Lease liabilities 9,221 8,025 94
Derivative liabilities 18 558 968 11
Trade payables and accrued expenses 14 88,566 88,252 1,033
Other financial liabilities 15 2,272 3,878 45
Contract liabilities 17,653 20,063 235
Current tax liabilities 21,756 34,481 404
Other current liabilities 16 31,295 31,086 364
Provisions 17 1,971 1,637 19
Total current liabilities **** 252,458 **** 286,253 **** 3,351
TOTAL LIABILITIES **** 401,236 **** 456,073 **** 5,338
TOTAL EQUITY AND LIABILITIES **** 1,152,459 **** 1,286,520 **** 15,059
^ Value is less than 0.5

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

As per our report of even date attached For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W - 100018 (DIN: 02983899) (DIN: 00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815 Membership No.: F4129
Bengaluru
April 16, 2025

1

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

Three months ended March 31, Year ended March 31,
Notes 2024 2025 2025 2024 2025 2025
Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited)<br>Refer to Note<br>2(iii) Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited)<br>Refer to Note<br>2(iii)
Revenues 21 222,083 225,042 2,634 897,603 890,884 10,428
Cost of revenues 22 (157,219 ) (155,525 ) (1,820 ) (631,497 ) (617,802 ) (7,231 )
Gross profit **** 64,864 **** 69,517 **** 814 **** 266,106 **** 273,082 **** 3,197
Selling and marketing expenses 22 (15,443 ) (15,065 ) (176 ) (69,972 ) (64,378 ) (753 )
General and administrative expenses 22 (13,920 ) (15,589 ) (183 ) (60,375 ) (57,465 ) (673 )
Foreign exchange gains/(losses), net 24 (128 ) 224 3 340 32 ^
Results from operating activities **** 35,373 **** 39,087 **** 458 **** 136,099 **** 151,271 **** 1,771
Finance expenses 23 (3,308 ) (3,767 ) (44 ) (12,552 ) (14,770 ) (173 )
Finance and other income 24 6,759 11,819 138 23,896 38,202 447
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method (202 ) 291 3 (233 ) 254 3
Profit before tax **** 38,622 **** 47,430 **** 555 **** 147,210 **** 174,957 **** 2,048
Income tax expense 20 (10,040 ) (11,549 ) (135 ) (36,089 ) (42,777 ) (501 )
Profit for the period **** 28,582 **** 35,881 **** 420 **** 111,121 **** 132,180 **** 1,547
Profit attributable to:
Equity holders of the Company 28,346 35,696 418 110,452 131,354 1,537
Non-controlling interests 236 185 2 669 826 10
Profit for the period **** 28,582 **** 35,881 **** 420 **** 111,121 **** 132,180 **** 1,547
Earnings per equity share: 25
Attributable to equity holders of the Company
Basic 2.71 3.41 0.04 10.44 12.56 0.15
Diluted 2.70 3.39 0.04 10.41 12.52 0.14
Weighted average number of equity shares used in computing earnings per equity share
Basic 10,444,700,646 10,462,328,534 10,462,328,534 10,576,571,110 10,456,741,552 10,456,741,552
Diluted 10,470,351,422 10,490,716,219 10,490,716,219 10,611,424,628 10,488,939,392 10,488,939,392
^ Value is less than 0.5

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

As per our report of even date attached For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W - 100018 (DIN: 02983899) (DIN: 00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815 Membership No.: F4129
Bengaluru
April 16, 2025

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

Three months ended March 31, Year ended March 31,
2024 2025 2025 2024 2025 2025
Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited) Refer<br>to Note 2(iii) Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited) Refer<br>to Note 2(iii)
Profit for the period **** 28,582 **** 35,881 **** 420 **** 111,121 **** 132,180 **** 1,547
Other comprehensive income (OCI)
Items that will not be reclassified to profit or loss in subsequent periods
Remeasurements of the defined benefit plans, net (177 ) 124 1 82 274 3
Net change in fair value of investment in equity instruments measured at fair value through OCI (506 ) (2,943 ) (34 ) (473 ) (3,476 ) (41 )
**** (683 ) **** (2,819 ) **** (33 ) **** (391 ) **** (3,202 ) **** (38 )
Items that will be reclassified to profit or loss in subsequent periods
Foreign currency translation differences (844 ) 1,762 21 4,219 7,331 86
Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of<br>income (2 ) (55 ) (1 ) (198 ) (41 ) ^
Net change in time value of option contracts designated as cash flow hedges, net of taxes 271 (94 ) (1 ) 198 (189 ) (2 )
Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes 15 335 4 128 146 2
Net change in fair value of forward contracts designated as cash flow hedges, net of taxes 355 810 9 1,655 (745 ) (9 )
Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes 261 352 4 1,516 963 11
**** 56 **** 3,110 **** 36 **** 7,518 **** 7,465 **** 88
Total other comprehensive income, net of taxes (627 ) 291 3 7,127 4,263 50
Total comprehensive income for the period **** 27,955 **** 36,172 **** 423 **** 118,248 **** 136,443 **** 1,597
Total comprehensive income attributable to:
Equity holders of the Company 27,781 36,005 421 117,744 135,595 1,587
Non-controlling interests 174 167 2 504 848 10
**** 27,955 **** 36,172 **** 423 **** 118,248 **** 136,443 **** 1,597
^ Value is less than 0.5

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

As per our report of even date attached For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W - 100018 (DIN: 02983899) (DIN: 00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815 Membership No.: F4129
Bengaluru
April 16, 2025

3

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

Special<br> <br>Economic<br><br><br>Zone re-<br><br><br>investment<br><br><br>reserve Other components of equity Equity<br><br><br>attributable to<br><br><br>the equity<br><br><br>holders of the<br><br><br>Company Non-<br> <br>controlling<br><br><br>interests Total equity
Particulars Number of<br><br><br>shares^(1)^ Share capital,<br><br><br>fully paid-up Share<br><br><br>premium Retained<br><br><br>earnings Share-<br><br><br>based<br> <br>payment<br><br><br>reserve Foreign<br> <br>currency<br><br><br>translation<br> <br>reserve^(2)^ Cash flow<br><br><br>hedging<br> <br>reserve^(3)^ Other<br><br><br>reserves^(2)^
As at April 1, 2023 **** 5,487,917,741 **** 10,976 **** 3,689 **** 660,964 **** 5,632 **** 46,803 **** 43,255 (1,403 ) 11,248 **** 781,164 **** 589 **** 781,753
Comprehensive income for the year
Profit for the year - - - 110,452 - - - - - 110,452 669 111,121
Other comprehensive income - - - - - - 4,006 1,981 1,305 7,292 (165 ) 7,127
Total comprehensive income for the year **** - **** **** - **** **** - **** **** 110,452 **** **** - **** **** - **** **** 4,006 **** 1,981 **** 1,305 **** **** 117,744 **** **** 504 **** **** 118,248 ****
Issue of equity shares on exercise of options 6,883,426 13 3,370 - (3,370 ) - - - - 13 - 13
Issue of shares by controlled trust on exercise of options^(1)^ - - - 1,462 (1,462 ) - - - - - - -
Compensation cost related to employee share-based payment - - - 7 5,584 - - - - 5,591 - 5,591
Transferred from Special Economic Zone re-investment reserve - - - 4,674 - (4,674 ) - - - - - -
Buyback of equity shares, including tax thereon^(4)^ (269,662,921 ) (539 ) (3,768 ) (141,015 ) - - - - 539 (144,783 ) - (144,783 )
Transaction cost related to buyback of equity shares^(4)^ - - - (390 ) - - - - - (390 ) - (390 )
Financial liability on written put options^(5)^ - - - - - - - - (4,238 ) (4,238 ) - (4,238 )
Non-controlling interests on acquisition of subsidiary^(5)^ - - - - - - - - - - 472 472
Dividend - - - (5,218 ) - - - - - (5,218 ) (322 ) (5,540 )
Others - - - - - - - - - - 97 97
Other transactions for the year **** (262,779,495 ) **** (526 ) **** (398 ) **** (140,480 ) **** 752 **** (4,674 ) **** - **** - **** (3,699 ) **** (149,025 ) **** 247 **** (148,778 )
As at March 31, 2024 **** 5,225,138,246 **** 10,450 **** 3,291 **** 630,936 **** 6,384 **** 42,129 **** 47,261 578 8,854 **** 749,883 **** 1,340 **** 751,223
^(1)^ Includes 5,952,740 treasury shares held as at March 31, 2024 by a controlled trust. 3,943,096 shares have been transferred by the controlled trust to eligible employees on exercise of options<br>during the year ended March 31, 2024.<br> <br>^(2)^ Refer to Note 19<br><br><br>^(3)^ Refer to Note 18<br><br><br>^(4)^ Refer to Note 30<br><br><br>^(5)^ Refer to Note 7

4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

Special<br><br><br>Economic<br><br><br>Zone re-<br><br><br>investmentreserve Other components of equity Equity<br><br><br>attributable to<br><br><br>the equity<br><br><br>holders of the<br><br><br>Company Non-<br><br><br>controlling<br><br><br>interests Total equity
Particulars Number of<br><br><br>shares^(1)^ Share capital,<br><br><br>fully paid-up Share<br><br><br>premium Retained<br><br><br>earnings Share-<br><br><br>based<br> <br>payment<br><br><br>reserve Foreign<br><br><br>currency<br><br><br>translation<br> <br>reserve^(2)^ Cash flow<br><br><br>hedging<br> <br>reserve^(3)^ Other<br><br><br>reserves^(2)^
As at April 1, 2024 **** 5,225,138,246 **** 10,450 **** 3,291 **** 630,936 **** 6,384 **** 42,129 **** 47,261 578 8,854 **** 749,883 **** 1,340 **** 751,223
Comprehensive income for the year
Profit for the year - - - 131,354 - - - - - 131,354 826 132,180
Other comprehensive income - - - - - - 7,253 (788 ) (2,224 ) 4,241 22 4,263
Total comprehensive income for the year **** - **** - **** - **** **** 131,354 **** - **** **** - **** **** 7,253 (788 ) (2,224 ) **** 135,595 **** 848 **** 136,443
Issue of equity shares on exercise of options 13,628,596 27 4,950 - (4,950 ) - - - - 27 - 27
Bonus issue of equity shares^(4)^ 5,233,369,207 10,467 (5,613 ) (3,193 ) - - - - (1,661 ) - - -
Dividend^(5)^ - - - (62,750 ) - - - - - (62,750 ) - (62,750 )
Transfer from Other components of equity^(2)^ - - - 5,754 - - - - (5,754 ) - - -
Transfer of shares pertaining to Non-controlling interests of subsidiary - - - 25 - - (14 ) - (8 ) 3 (3 ) -
Compensation cost related to employee share-based payment - - - - 5,551 - - - - 5,551 - 5,551
Transferred from Special Economic Zone re-investment reserve - - - 14,351 - (14,351 ) - - - - - -
Others - - - - - - - - - - (47 ) (47 )
Other transactions for the year **** 5,246,997,803 **** 10,494 **** (663 ) **** (45,813 ) **** 601 **** (14,351 ) **** (14 ) - **** (7,423 ) **** (57,169 ) **** (50 ) **** (57,219 )
As at March 31, 2025 **** 10,472,136,049 **** 20,944 **** 2,628 **** 716,477 **** 6,985 **** 27,778 **** 54,500 (210 ) (793 ) **** 828,309 **** 2,138 **** 830,447
Convenience translation into US dollar in millions (unaudited) Refer to Note 2(iii) **** 245 **** 31 **** 8,387 **** 82 **** 325 **** 638 (3 ) (9 ) **** 9,696 **** 25 **** 9,721
^(1)^ Includes 11,905,480 treasury shares held as at March 31, 2025 by a controlled trust.<br> <br>^(2)^ Refer to Note 19<br> <br>^(3)^ Refer to Note 18<br><br><br>^(4)^ Refer to Note 31<br><br><br>^(5)^ Refer to Note 32

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

As per our report of even date attached For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W -100018 (DIN: 02983899) (DIN: 00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815 Membership No.: F4129
Bengaluru
April 16, 2025

5

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

Year ended March 31,
2024 2025 2025
Convenience translation<br><br><br>into US dollar in millions<br><br><br>(unaudited) Refer to<br><br><br>Note 2(iii)
Cash flows from operating activities
Profit for the year 111,121 132,180 1,547
Adjustments to reconcile profit for the year to net cash generated from operatingactivities:
Gain on sale of property, plant and equipment, net (2,072 ) (606 ) (7 )
Depreciation, amortization and impairment expense 34,071 29,579 346
Unrealized exchange (gain)/loss, net 655 (623 ) (7 )
Share-based compensation expense 5,584 5,551 65
Share of net (profit)/loss of associate and joint venture accounted for using equity<br>method 233 (254 ) (3 )
Income tax expense 36,089 42,777 501
Finance and other income, net of finance expenses (11,344 ) (23,432 ) (274 )
Change in fair value of contingent consideration (1,300 ) (169 ) (2 )
Lifetime expected credit loss 640 324 4
Other non-cash items 488 - -
Changes in operating assets and liabilities, net of effects from acquisitions
(Increase)/Decrease in trade receivables 7,824 1,894 23
(Increase)/Decrease in unbilled receivables and contract assets 5,919 (1,331 ) (16 )
(Increase)/Decrease in Inventories 287 213 2
(Increase)/Decrease in other financial assets and other assets 8,869 6,609 78
Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other<br>liabilities and provisions (435 ) 548 6
Increase/(Decrease) in contract liabilities (5,053 ) 2,341 27
Cash generated from operating activities before taxes **** 191,576 **** 195,601 **** 2,290
Income taxes paid, net (15,360 ) (26,175 ) (307 )
Net cash generated from operating activities **** 176,216 **** 169,426 **** 1,983
Cash flows from investing activities:
Payment for purchase of property, plant and equipment (10,510 ) (14,737 ) (173 )
Proceeds from disposal of property, plant and equipment 4,022 1,822 21
Payment for purchase of investments (975,069 ) (801,582 ) (9,383 )
Proceeds from sale of investments 978,598 706,520 8,270
Payment for business acquisitions including deposits and escrow, net of cash acquired (5,291 ) (964 ) (11 )
Payment for investment in joint venture (484 ) - -
Repayment of security deposit for property, plant and equipment 300 (300 ) (3 )
Interest received 20,111 26,212 307
Dividend received 3 2,299 27
Net cash generated from/(used in) investing activities **** 11,680 **** (80,730 ) **** (945 )
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment 13 27 ^
Repayment of loans and borrowings (130,557 ) (177,672 ) (2,080 )
Proceeds from loans and borrowings 120,500 195,595 2,290
Payment of lease liabilities (10,060 ) (10,474 ) (123 )
Payment for contingent consideration (1,294 ) - -
Interest and finance expenses paid (10,456 ) (8,689 ) (102 )
Payment of dividend (5,218 ) (62,750 ) (734 )
Payment of dividend to Non-controlling interest<br>holders (322 ) - -
Payment for buyback of equity shares, including tax and transaction cost (145,173 ) - -
Net cash used in financing activities **** (182,567 ) **** (63,963 ) **** (749 )
Net increase/(decrease) in cash and cash equivalents during the year 5,329 24,733 290
Effect of exchange rate changes on cash and cash equivalents (239 ) 290 3
Cash and cash equivalents at the beginning of the year 91,861 96,951 1,135
Cash and cash equivalents at the end of the year (Note 10) **** 96,951 **** 121,974 **** 1,428

^ Value is less than 0.5

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

As per our report of even date attached For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm’s Registration No: 117366W/W - 100018 (DIN: 02983899) (DIN: 00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No.: 110815 Membership No.: F4129
Bengaluru
April 16, 2025

6

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

1. The Company overview

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

Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bengaluru – 560 035, Karnataka, India. The Company has its primary listing with BSE Ltd. and National Stock Exchange of India Limited. The Company’s American Depository Shares (“ADS”) representing equity shares are also listed on the New York Stock Exchange.

The Company’s Board of Directors authorized these interim condensed consolidated financial statements for issue on April 16, 2025.

2. Basis of preparation of interimcondensed consolidated financial statements

(i) Statement of compliance and basis of preparation

These interim condensed consolidated financial statements have been prepared in compliance with IAS 34, “Interim FinancialReporting”, as issued by the International Accounting Standards Board (“IASB”). Selected explanatory notes are included to explain events and transactions that are significant to understand the changes in financial position and performance of the Company since the last annual consolidated financial statements as at and for the year ended March 31, 2024. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”).

The interim condensed consolidated financial statements correspond to the classification provisions contained in IAS 1 (revised), “Presentation of Financial Statements”. For clarity, various items are aggregated in the interim condensed consolidated statements of income, interim condensed consolidated statements of comprehensive income and interim condensed consolidated statements of financial position. These items are disaggregated separately in the notes to the interim condensed consolidated financial statements, where applicable. The accounting policies have been consistently applied to all periods presented in these interim condensed consolidated financial statements except for new accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2024.

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

(ii) Basis of measurement

These interim condensed consolidated financial statements have been prepared on a historical cost convention and on an accrual basis, except for the following material items which have been measured at fair value as required by relevant IFRS:

a. Derivative financial instruments;
b. Financial instruments classified as fair value through other comprehensive income or fair value through<br>profit or loss;
--- ---
c. The defined benefit liability/(asset) is recognized as the present value of defined benefit obligation less<br>fair value of plan assets; and
--- ---
d. Contingent consideration and liability on written put options.
--- ---

(iii) Convenience translation (unaudited)

The accompanying interim condensed consolidated financial statements have been prepared and reported in Indian rupees, the functional currency of the Parent Company. Solely for the convenience of the readers, the interim condensed consolidated financial statements as at and for the three months and year ended March 31, 2025, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ 85.43 as published by Federal Reserve Board of Governors on March 31, 2025. No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate. Due to rounding off, the translated numbers presented throughout the document may not add up precisely to the totals.

(iv) Use of estimates and judgment

The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires the management to make judgments, accounting estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Accounting estimates are monetary amounts in the interim condensed consolidated financial statements that are subject to measurement uncertainty. An accounting policy may require items in the interim condensed consolidated financial statements to be measured at monetary amounts that cannot be observed directly and must instead be estimated. In such a case, management develops an accounting estimate to achieve the objective set out by the accounting policy. Developing accounting estimates involves the use of judgements or assumptions based on the latest available and reliable information. Actual results may differ from those accounting estimates.

Accounting estimates and underlying assumptions are reviewed on an ongoing basis. Changes to accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. In particular, information about material areas of estimation, uncertainty

7

and critical judgments in applying accounting policies that have material effect on the amounts recognized in the interim condensed consolidated financial statements are included in the following notes:

a) Revenue recognition: The Company applies judgement to determine whether each product or service<br>promised to a customer is capable of being distinct, and is distinct in the context of the contract, if not, the promised product or service is combined and accounted as a single performance obligation. Revenue is recognized upon transfer of control<br>of promised products or services to customers in an amount that reflects the consideration the Company expects to receive (the “Transaction Price”). The Company allocates the Transaction Price to separately identifiable performance<br>obligation deliverables based on their relative stand-alone selling price. In cases where the Company is unable to determine the stand-alone selling price, the Company uses expected cost-plus margin approach in estimating the stand-alone selling<br>price. The Company uses the percentage of completion method using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts. Percentage of completion method accounting relies on estimates of total<br>expected contract revenue and costs. This method is followed when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to<br>complete include estimates of future labor costs and productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, revenue recognized, profit and<br>timing of revenue for remaining performance obligations are subject to revisions as the contract progresses to completion. When estimates indicate that a loss will be incurred, the loss is provided for in the period in which the loss becomes<br>probable. Volume discounts are recorded as a reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer.
b) Impairment testing: Goodwill recognized on business combination is tested for impairment at least<br>annually and when events occur or changes in circumstances indicate that the recoverable amount of goodwill or a cash generating unit to which goodwill pertains, is less than the carrying value. The Company assesses acquired intangible assets with<br>finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of an asset or a cash generating unit involves use of significant estimates and assumptions which include turnover, growth<br>rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions.
--- ---
c) Income taxes: **** The major tax jurisdictions for the Company are India and the United States of<br>America.
--- ---

Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be resolved over extended time periods.

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

d) Business combinations: In accounting for business combinations, judgment is required to assess whether<br>an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired (including useful life estimates), liabilities assumed, and contingent<br>consideration assumed involves management judgment. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. Changes in these<br>judgments, estimates, and assumptions can materially affect the results of operations.
e) Defined benefit plans and compensated absences: The cost of the defined benefit plans, compensated<br>absences and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the<br>future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in<br>these assumptions. All assumptions are reviewed at each reporting date.
--- ---
f) Expected credit losses on financial assets: The impairment provisions of financial assets are based on<br>assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the expected credit loss calculation based on the Company’s history of collections,<br>customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.
--- ---
g) Useful lives of property, plant and equipment: The Company depreciates property, plant and equipment<br>on a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The<br>lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least annually.
--- ---
h) Useful lives of intangible assets: The Company amortizes intangible assets on a straight-line basis<br>over estimated useful lives of the assets. The useful life is estimated based on a number of factors including the effects of obsolescence, demand, competition and other economic factors such as the stability of the industry and known technological<br>advances and the level of maintenance expenditures required to obtain the expected future cash flows from the assets. The estimated useful life is reviewed at least annually.
--- ---

8

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

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

3. Material accounting policy information

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

i. New amendments not yet adopted:

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2024 and have not been applied in preparing these interim condensed consolidated financial statements. New standards, amendments to standards and interpretations that could have potential impact on the interim condensed consolidated financial statements of the Company are:

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

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

IFRS 18 – Presentation and Disclosure in Financial Statements

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

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

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

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

IFRS 19 – Subsidiaries without PublicAccountability: Disclosures

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

9

period beginning on or after January 1, 2027, with earlier application permitted. The Company is currently assessing the impact of adopting IFRS 19 on the interim condensed consolidated financial statements.

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

On May 30, 2024, IASB issued ‘Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)’ to address matters identified during the post-implementation review of IFRS 9. The amendments clarify that a financial liability is derecognized on the ‘settlement date’ and introduce an accounting policy choice to derecognize financial liabilities settled using an electronic payment system before settlement date. The classification of financial asset with ESG linked features has been clarified through additional guidance on the assessment of contingent features. Additional disclosures are introduced for financial instruments with contingent features and equity instruments classified as fair value through OCI. These amendments are effective for annual reporting periods beginning on or after January 1, 2026, with earlier application permitted. The Company is currently assessing the impact of adopting these amendments on the interim condensed consolidated financial statements.

Amendments to IFRS 9 and IFRS 7 - Contracts referencing Nature-dependent electricity

The International Accounting Standards Board (IASB) has published amendments to IFRS 9 and IFRS 7 titled Contracts Referencing Nature-dependent Electricity. The IASB has added application guidance to IFRS 9 to address specifically whether a contract to buy electricity generated from a source dependent on natural conditions is held for the entity’s own-use expectations. The amendments also address specifically how an entity applies the hedge accounting requirements in IFRS 9 when a contract referencing nature-dependent electricity with a variable nominal amount is designated as the hedging instrument. The IASB decided to add complementary disclosure requirements to IFRS 7. The amendments are effective for annual periods beginning on or after 1 January 2026, with earlier application permitted. The Company is currently assessing the impact of adopting these amendments on the interim condensed consolidated financial statements.

4. Property, plant and equipment

Land
Gross carrying value:
As at April 1, 2023 4,860 47,700 117,732 18,086 7,818 161 ₹ 196,357
Additions - 428 6,975 1,716 354 3 9,476
Additions through Business combinations - - 373 - 1 - 374
Disposals (486) (1,174) (22,815) (1,586) (663) (131) (26,855)
Translation adjustment 1 70 248 17 4 1 341
As at March 31, 2024 **** 4,375 47,024 102,513 18,233 7,514 34 ₹179,693
Accumulated depreciation/ impairment:
As at April 1, 2023 - 10,927 85,501 11,520 5,928 145 ₹ 114,021
Depreciation and impairment - 1,490 11,856 2,193 638 7 16,184
Disposals - (683) (22,019) (1,444) (639) (130) (24,915)
Translation adjustment - 41 211 18 5 ^ 275
As at March 31, 2024 **** - 11,775 75,549 12,287 5,932 22 ₹105,565
Net carrying value as at March 31, 2024 **** 4,375 35,249 26,964 5,946 1,582 12 ₹74,128
Capital<br>work-in-progress ₹   7,480
Net carrying value including Capital work-in-progress as at March 31, 2024 ₹81,608
Gross carrying value:
As at April 1, 2024 4,375 47,024 102,513 18,233 7,514 34 ₹ 179,693
Additions - 6,215 10,623 3,143 943 10 20,934
Additions through Business combination (Refer to Note 7) - - 9 - - - 9
Disposals (6) (680) (13,668) (1,803) (793) (9) (16,959)
Translation adjustment 4 (3) 77 3 (1) (1) 79
As at March 31, 2025 **** 4,373 52,556 99,554 19,576 7,663 34 ₹183,756
Accumulated depreciation/ impairment:
As at April 1, 2024 - 11,775 75,549 12,287 5,932 22 ₹ 105,565
Depreciation and impairment - 1,662 11,050 2,229 623 4 15,568
Disposals - (410) (13,189) (1,526) (730) (8) (15,863)
Translation adjustment - (30) 49 (1) (4) (1) 13
As at March 31, 2025 **** - 12,997 73,459 12,989 5,821 17 ₹105,283
Net carrying value as at March 31, 2025 **** 4,373 39,559 26,095 6,587 1,842 17 ₹78,473
Capital<br>work-in-progress ₹   2,211
Net carrying value including Capital work-in-progress as at March 31, 2025 ₹80,684

All values are in Indian Rupees.

^ Value is less than 0.5

^(1)^ Including net carrying value of computer equipment and software amounting to ₹ 17,553 and ₹ 16,003, as at March 31, 2024 and March 31, 2025, respectively.

10

5.Right-of-Use assets

Category of Right-of-Use asset
Land
Gross carrying value:
As at April 1, 2023 1,278 27,946 2,580 865 ₹   32,669
Additions 65 6,505 264 251 7,085
Additions through Business combination - 33 - - 33
Disposals - (6,203) (636) (271) (7,110)
Translation adjustment - 172 34 4 210
As at March 31, 2024 **** 1,343 28,453 2,242 849 ₹32,887
Accumulated depreciation:
As at April 1, 2023 77 12,127 1,192 571 ₹   13,967
Depreciation 21 5,485 444 181 6,131
Disposals - (4,439) (561) (244) (5,244)
Translation adjustment - 64 11 3 78
As at March 31, 2024 **** 98 13,237 1,086 511 ₹14,932
Net carrying value as at March 31, 2024 **** 1,245 15,216 1,156 338 ₹17,955
Gross carrying value:
As at April 1, 2024 1,343 28,453 2,242 849 ₹   32,887
Additions - 10,822 3,735 228 14,785
Disposals (221) (4,389) (632) (354) (5,596)
Translation adjustment - 152 100 17 269
As at March 31, 2025 **** 1,122 35,038 5,445 740 ₹42,345
Accumulated depreciation:
As at April 1, 2024 98 13,237 1,086 511 ₹   14,932
Depreciation 21 5,362 539 180 6,102
Disposals (13) (3,776) (303) (319) (4,411)
Translation adjustment - 81 34 9 124
As at March 31, 2025 **** 106 14,904 1,356 381 ₹16,747
Net carrying value as at March 31, 2025 **** 1,016 20,134 4,089 359 ₹25,598

All values are in Indian Rupees.

^(1)^ Including net carrying value of computer equipment amounting to ₹ 2 and ₹ 1 as at March 31, 2024 and March 31, 2025, respectively.

6. Goodwill and intangible assets

The movement in goodwill balance is given below:

As at
March 31, 2024
Balance at the beginning of the year 307,970 ₹    316,002
Translation adjustment 4,206 7,688
Acquisition through Business<br>combinations^(1)^ 4,314 1,324
Disposals (488) -
Balance at the end of the year **** 316,002 ₹325,014

All values are in Indian Rupees.

^(1)^Acquisition through business combination for the year ended March 31, 2024 is after considering the impact of ₹ (503) towards measurement period changes in purchase price allocation of acquisitions made during the year ended March 31, 2023.

The movement in intangible assets is given below:

Intangible assets
Customer-related Marketing-related Total
Gross carrying value:
As at April 1, 2023 ₹   49,813 ₹    11,924 ₹    61,737
Acquisition through Business combination 556 390 946
Deductions/adjustments (7,306) (505) (7,811)
Translation adjustment 609 163 772
As at March 31, 2024 ₹43,672 ₹11,972 ₹55,644
Accumulated amortization/ impairment:
As at April 1, 2023 ₹   15,417 ₹    3,275 ₹    18,692
Amortization and impairment^(1)(2)^ 9,961 1,795 11,756
Deductions/adjustments (7,306) (505) (7,811)
Translation adjustment 209 50 259
As at March 31, 2024 ₹18,281 ₹4,615 ₹22,896
Net carrying value as at March 31, 2024 ₹25,391 ₹7,357 ₹32,748

11

Gross carrying value:
As at April 1, 2024 ₹   43,672 ₹    11,972 ₹    55,644
Acquisition through Business combination (Refer to Note 7) 1,896 - 1,896
Deductions/adjustments (4,101) (2,518) (6,619)
Translation adjustment 994 268 1,262
As at March 31, 2025 ₹42,461 ₹9,722 ₹52,183
Accumulated amortization/ impairment:
As at April 1, 2024 ₹   18,281 ₹    4,615 ₹    22,896
Amortization and impairment^(1)^ 6,327 1,582 7,909
Deductions/adjustments (4,101) (2,518) (6,619)
Translation adjustment 443 104 547
As at March 31, 2025 ₹20,950 ₹3,783 ₹24,733
Net carrying value as at March 31, 2025 ₹21,511 ₹5,939 ₹27,450

^(1)^ During the year ended March 31, 2024 and 2025, decline in the revenue and earnings estimates led to revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of ₹ 808 and ₹ Nil for the three months ended March 31, 2024 and 2025, respectively and ₹ 1,701 and ₹ 1,155 for the year ended March 31, 2024 and 2025 respectively, as part of amortization and impairment.

^(2)^ Due to change in our estimate of useful life of customer-related intangibles in an earlier business combination, the Company has recognized additional amortization charge of ₹ Nil and ₹ 2,807 for the three months and year ended March 31, 2024 respectively, as part of amortization and impairment.

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

7. Businesscombinations

During the year ended March 31, 2025, the Company has completed a business combination by acquiring 100% equity interest in Applied Value Technologies, Inc. and Applied Value Technologies B.V., which was consummated on December 16, 2024. The Company has also acquired 100% equity interest in Applied Value Technologies Pte Limited (“AVT”), which was consummated on January 3, 2025. AVT helps enterprises transform IT operations through a highly customized and data-driven approach. AVT will augment Wipro’s existing application services capabilities, helping drive new growth opportunities. The total consideration (upfront cash to acquire control, deferred consideration and contingent consideration) for the acquisition is ₹ 2,836.

Description
Net assets ₹       173
Fair value of property, plant and equipment 9
Fair value of customer-related intangibles 1,896
Deferred tax liabilities on intangible assets (566)
Total identifiable assets ₹1,512
Goodwill 1,324
Total purchase price ****₹2,836
Net Assets include:
Cash and cash equivalents ₹        113
Fair value of acquired trade receivables included in net assets 215
Gross contractual amount of acquired trade receivables 215
Less: Allowance for lifetime expected credit loss -
Transaction costs included in general and administrative expenses ₹         45

The above purchase price allocation for AVT is provisional and will be finalized as soon as practicable within the measurement period, but in no event later than one year following the date of acquisition.

The goodwill of ₹ 1,324 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes.

The total consideration of AVT includes a deferred consideration of ₹ 264 payable within six months from consummation date.

The total consideration of AVT includes a contingent consideration linked to achievement of revenues and earnings over a period of 3 years ending December 31, 2027, and range of contingent consideration payable is between ₹ Nil and ₹ 2,122. The fair value of the contingent consideration is estimated by applying the discounted cash-flow approach considering probability adjusted revenue and earnings estimates. The undiscounted fair value of contingent consideration is ₹ 2,122 as at the date of acquisition. The discounted fair value of contingent consideration of ₹ 1,537 is recorded as part of provisional purchase price allocation.

The pro-forma effects of acquisition of AVT for the three months and year ended March 31, 2025, on the Company’s results were not material.

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8. Investments

As at
March 31, 2024
Non-current
Financial instruments at FVTPL
Equity instruments^(1)^ 4,404 ₹      4,955
Fixed maturity plan mutual funds 1,395 1,203
Financial instruments at FVTOCI ****
Equity instruments^(1)^ 15,830 12,493
Financial instruments at amortized cost ****
Inter corporate and term<br>deposits^(3)^ ^ 7,807
**** 21,629 ₹26,458
Current
Financial instruments at FVTPL
Short-term mutual funds^(2)^ 71,686 ₹      88,776
Fixed maturity plan mutual funds - 300
Financial instruments at FVTOCI ****
Non-convertible debentures 154,407 219,389
Government securities 7,030 10,651
Commercial papers 11,845 2,858
Bonds 28,195 21,138
Financial instruments at amortized cost **** ****
Inter corporate and term<br>deposits^(3)^ 38,008 68,362
**** 311,171 ₹411,474
**** 332,800 ₹437,932
Financial instruments at FVTPL 77,485 ₹      95,234
Financial instruments at FVTOCI 217,307 266,529
Financial instruments at amortized cost 38,008 76,169

All values are in Indian Rupees.

^ Value is less than 0.5

^(1)^Uncalled capital commitments outstanding as at March 31, 2024 and 2025, was ₹ 1,450 and ₹ 1,576, respectively.

^(2)^ As at March 31, 2024 and 2025, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ 218 and ₹ 233, respectively.

^(3)^ These deposits earn a fixed rate of interest. As at March 31, 2024 and 2025, term deposits include current deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 117 and ₹ 953, respectively.

9. Inventories

As at
March 31, 2024
Stores and spare parts 27 ₹         9
Traded goods 880 685
**** 907 ₹694

All values are in Indian Rupees.

10. Cash and cash equivalents

As at
March 31, 2024
Cash and bank balances 60,648 ₹     74,456
Demand deposits with banks^(1)^ 36,305 47,518
**** 96,953 ₹121,974

All values are in Indian Rupees.

^(1)^ These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal.

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

As at
March 31, 2024
Cash and cash equivalents 96,953 ₹     121,974
Bank overdrafts (2) ^
**** 96,951 ₹121,974

All values are in Indian Rupees.

^ Value is less than 0.5

11. Other financial assets

13

11. Other financial assets

As at
March 31, 2024 March 31, 2025
Non-current
Security deposits ₹ 1,221 ₹ 1,318
Finance lease receivables 4,270 3,090
Dues from officers and employees 59 30
Others
Advance to customer - 225
Other receivables - 1
****₹ 5,550 ****₹ 4,664
Current
Security deposits ₹ 2,035 ₹ 1,827
Dues from officers and employees 596 505
Interest receivables 230 596
Finance lease receivables 5,307 5,144
Others
Claims Receivables 145 195
Advance to customer - 70
Other receivables 2,223 111
****₹ 10,536 ****₹ 8,448
****₹ 16,086 ****₹ 13,112

12. Other assets

As at
March 31, 2024 March 31, 2025
Non-current
Prepaid expenses ₹ 3,424 ₹ 2,657
Costs to obtain contract^(1)^ 2,324 3,277
Costs to fulfil contract^(2)^ 205 378
Others - Interest receivable from statutory authorities 4,378 1,148
****₹ 10,331 ****₹ 7,460
Current
Prepaid expenses ₹ 17,574 ₹ 16,917
Dues from officers and employees 343 453
Advance to suppliers 3,267 2,323
Balance with GST and other authorities 6,029 6,760
Costs to obtain contract^(1)^ 867 1,407
Costs to fulfil contract^(2)^ 60 131
Others
Defined benefit plan asset, net 1,010 472
Withholding taxes 329 542
Other receivables 123 123
****₹ 29,602 ****₹ 29,128
****₹ 39,933 ****₹ 36,588

^(1)^ Costs to obtain contract amortization of ₹ 275 and ₹ 356 during the three months ended March 31, 2024 and 2025 respectively, ₹ 1,083 and ₹ 1,333 during the year ended March 31, 2024 and 2025 respectively.

^(2)^ Costs to fulfil contract amortization of ₹ 15 and ₹ 31 during the three months ended March 31, 2024 and 2025 respectively, ₹ 60 and ₹ 83 during the year ended March 31, 2024 and 2025 respectively.

13. Loans, borrowings and bank overdrafts

As at
March 31, 2024 March 31, 2025
Non-current
Unsecured Notes 2026^(1)^ ₹ 62,300 ₹ 63,954
****₹ 62,300 ****₹ 63,954
Current
Borrowings from banks ₹ 79,164 ₹ 97,863
Bank overdrafts 2 ^
****₹ 79,166 ****₹ 97,863
****₹ 141,466 ****₹ 161,817

^ Value is less than 0.5

^(1)^ On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued US$ 750 million in unsecured notes 2026 (the “Notes”). The Notes bear interest at a rate of 1.50% per annum and will mature on June 23, 2026. Interest on the Notes is payable semi-

14

annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST).

14. Trade payables and accrued expenses

As at
March 31, 2024 March 31, 2025
Trade payables ₹ 23,275 ₹ 21,985
Accrued expenses 65,291 66,267
****₹ 88,566 ****₹ 88,252

15. Other financial liabilities

As at
March 31, 2024 March 31, 2025
Non-current
Contingent consideration (Refer to Note 18) ₹ 429 ₹ 1,307
Liability on written put options to non-controlling<br>interests (Refer to Note 18) 4,303 4,945
Rent deposit - 26
Liabilities towards customer contracts - 1,026
Others
Deferred consideration for Business combination 57 61
Long-term incentive payable 196 387
Other liabilities - 41
****₹ 4,985 ****₹ 7,793
Current
Contingent consideration (Refer to Note 18) ₹ - ₹ 557
Advance from customers 598 167
Cash settled ADS RSUs 3 -
Capital creditors 333 1,255
Rent deposit 788 475
Liabilities towards customer contracts 78 342
Others
Interest accrued on loans and borrowings 347 489
Deferred consideration for Business combination 91 295
Unclaimed dividend 34 64
Other liabilities - 234
****₹ 2,272 ****₹ 3,878
****₹ 7,257 ****₹ 11,671

16. Other liabilities

As at
March 31, 2024 March 31, 2025
Non-current
Employee benefits obligations ₹ 4,219 ₹ 4,362
Statutory and other liabilities 8,751 12,757
****₹ 12,970 ****₹ 17,119
Current
Employee benefits obligations ₹ 16,057 ₹ 16,001
Statutory and other<br>liabilities^(1)^ 14,019 14,295
Advance from customers 1,192 790
Others^(1)^ 27 -
****₹ 31,295 ****₹ 31,086
****₹ 44,265 ****₹ 48,205

^(1)^ ₹ 744 has been reclassified from Others to Statutory and other liabilities for the year ended March 31, 2024.

17. Provisions

As at
March 31, 2024 March 31, 2025
Non-current
Provision for onerous contracts ₹ - ₹ 294
****₹ - ****₹ 294
Current
Provision for onerous contracts ₹ 1,599 ₹ 1,288
Provision for warranty 217 207
Others 155 142
****₹ 1,971 ****₹ 1,637
****₹ 1,971 ****₹ 1,931

15

18. Financial instruments

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

Fair valuethrough profitor loss Fair value through othercomprehensive income Amortizedcost Total
Mandatory Designatedupon initialrecognition
Financial Assets:
Cash and cash equivalents (Refer to Note 10) ₹ - ₹ - ₹ - ₹ 96,953 ₹ 96,953
Investments (Refer to Note 8)
Equity Instruments 4,404 - 15,830 - 20,234
Fixed maturity plan mutual funds 1,395 - - - 1,395
Short-term mutual funds 71,686 - - - 71,686
Non-convertible debentures - 154,407 - - 154,407
Government securities - 7,030 - - 7,030
Commercial papers - 11,845 - - 11,845
Bonds - 28,195 - - 28,195
Inter corporate and term deposits - - - 38,008 38,008
Other financial assets
Trade receivables - - - 119,522 119,522
Unbilled receivables - - - 58,345 58,345
Other financial assets (Refer to Note 11) - - - 16,086 16,086
Derivative assets (Refer to Note 18) 390 - 968 - 1,358
****₹ 77,875 ****₹ 201,477 ****₹ 16,798 ****₹ 328,914 ****₹ 625,064
Financial Liabilities:
Trade payables and other liabilities
Trade payables and accrued expenses (Refer to Note 14) ₹ - ₹ - ₹ - ₹ 88,566 ₹ 88,566
Other financial liabilities (Refer to Note 15) - - - 7,257 7,257
Loans, borrowings and bank overdrafts (Refer to Note 13) - - - 141,466 141,466
Lease liabilities - - - 23,183 23,183
Derivative liabilities (Refer to Note 18) 329 - 233 - 562
****₹ 329 ****₹ - ****₹ 233 ****₹ 260,472 ****₹ 261,034

The carrying value of financial instruments by categories as at March 31, 2025 is as follows:

Fair valuethrough profitor loss Fair value through othercomprehensive income Amortizedcost Total
Mandatory Designatedupon initialrecognition
Financial Assets:
Cash and cash equivalents (Refer to Note 10) ₹ - ₹ - ₹ - ₹ 121,974 ₹ 121,974
Investments (Refer to Note 8)
Equity Instruments 4,955 - 12,493 - 17,448
Fixed maturity plan mutual funds 1,503 - - - 1,503
Short-term mutual funds 88,776 - - - 88,776
Non-convertible debentures - 219,389 - - 219,389
Government securities - 10,651 - - 10,651
Commercial papers - 2,858 - - 2,858
Bonds - 21,138 - - 21,138
Inter corporate and term deposits - - - 76,169 76,169
Other financial assets
Trade receivables - - - 118,044 118,044
Unbilled receivables - - - 64,280 64,280
Other financial assets (Refer to Note 11) - - - 13,112 13,112
Derivative assets (Refer to Note 18) 1,105 - 715 - 1,820
****₹ 96,339 ****₹ 254,036 ****₹ 13,208 ****₹ 393,579 ****₹ 757,162
Financial Liabilities:
Trade payables and other liabilities
Trade payables and accrued expenses (Refer to Note 14) ₹ - ₹ - ₹ - ₹ 88,252 ₹ 88,252
Other financial liabilities (Refer to Note 15) - - - 11,671 11,671
Loans, borrowings and bank overdrafts (Refer to Note 13) - - - 161,817 161,817
Lease liabilities - - - 30,218 30,218

16

Derivative liabilities (Refer to Note 18) 75 - 893 - 968
****₹ 75 ****₹ - ****₹ 893 ****₹ 291,958 ****₹ 292,926

Fair value

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

The fair value of cash and cash equivalents, trade receivables, unbilled receivables, short-term loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. Finance lease receivables are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated credit losses on these receivables. As at March 31, 2024 and March 31, 2025, the carrying value of such financial assets, net of allowances, and liabilities, approximates the fair value.

The Company’s Unsecured Notes 2026 are contracted at fixed coupon rate of 1.50% and market yield of Unsecured Notes 2026 as of March 31, 2025 is 4.69%

Investments in short-term mutual funds and fixed maturity plan mutual funds, which are classified as FVTPL are measured using net asset values at the reporting date multiplied by the quantity held. Fair value of investments in non-convertible debentures, government securities, commercial papers and bonds classified as FVTOCI is determined based on the indicative quotes of price and yields prevailing in the market at the reporting date. Fair value of investments in equity instruments classified as FVTOCI or FVTPL is determined using market approach primarily based on market multiples method.

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

Fair value hierarchy

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

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

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

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

There were no transfer between Level 1, 2 and 3 during the year ended March 31, 2024 and 2025.

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

As at
March 31, 2024 March 31, 2025
Fair value measurements at reporting date Fair value measurements at reporting date
Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3
Assets
Derivative instruments:
Cash flow hedges ****₹ 968 ₹ - ₹ 968 ₹ - ****₹ 715 ₹ - ₹ 715 ₹ -
Others **** 390 - 390 - **** 1,105 - 1,105 -
Investments:
Short-term mutual funds **** 71,686 71,686 - - **** 88,776 88,776 - -
Fixed maturity plan mutual funds **** 1,395 - 1,395 - **** 1,503 - 1,503 -
Equity instruments **** 20,234 108 - 20,126 **** 17,448 57 - 17,391
Non-convertible debentures, government securities,<br>commercial papers and bonds **** 201,477 1,282 200,195 - **** 254,036 10,550 243,486 -
Liabilities
Derivative instruments:

17

Cash flow hedges ****₹ (233 ) ₹ - ₹ (233 ) ₹ - ****₹ (893 ) ₹ - ₹ (893 ) ₹ -
Others **** (329 ) - (329 ) - **** (75 ) - (75 ) -
Liability on written put options to non-controlling<br>interests **** (4,303 ) - - (4,303 ) **** (4,945 ) - - (4,945 )
Contingent consideration **** (429 ) - - (429 ) **** (1,864 ) - - (1,864 )

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

Financial instrument Method and assumptions
Derivative instruments (assets and liabilities) The<br>Company enters into derivative financial instruments with various counterparties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps,<br>foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The<br>models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at March 31, 2025, the changes in counterparty credit<br>risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value.
Investment in non-convertible<br>debentures, government securities, commercial papers, certificate of deposits and bonds Fair<br>value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at reporting date.
Investment in fixed maturity plan mutual funds Fair<br>value of these instruments is derived based on the indicative quotes of price prevailing in the market as at reporting date.

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

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

The following table presents changes in Level 3 assets and liabilities for the year ended March 31, 2024 and March 31, 2025:

As at
Investment in equity instruments March 31, 2024 March 31, 2025
Balance at the beginning of the year ₹ 19,321 ₹ 20,126
Additions 1,277 1,925
Disposals^(1) (2)^ (416 ) (1,828 )
Gain/(loss) recognized in consolidated statement of income (136 ) 321
Gain/(loss) recognized in other comprehensive income (485 ) (3,609 )
Translation adjustment 565 456
Balance at the end of the year ****₹ 20,126 ****₹ 17,391

^(1)^ During the year ended March 31, 2024, the Company sold its shares in Moogsoft (Herd) Inc. at a fair value of ₹ 179 and recognized a cumulative loss of ₹ 91 in other comprehensive income.

^(2)^ During the year ended March 31, 2025, as a result of an acquisition by another investors, the Company sold its shares of equity instruments in six companies at a fair value of ₹ 1,281 and recognized a cumulative loss of ₹ 175 in other comprehensive income and cumulative gain of ₹ 152 in consolidated statement of income.

As at
Contingent consideration March 31, 2024 March 31, 2025
Balance at the beginning of the year ₹ (3,053 ) ₹ (429 )
Addition through Business combination - (1,537 )
Reversals^(1)^ 1,300 169
Payouts 1,294 -
Finance expense (recognized)/reversed in consolidated statement of income 55 (47 )
Translation adjustment (25 ) (20 )
Balance at the end of the year ****₹ (429 ) ****₹ (1,864 )

^(1)^ Towards change in fair value of earn-out liability as a result of changes in estimates of revenue and earnings over the earn-out period.

18

As at
Liability on written put options to non-controlling interests March 31, 2024 March 31, 2025
Balance at the beginning of the year ₹ - ₹ (4,303 )
Addition through Business combination (4,238 ) -
Finance expense recognized in consolidated statement of income (33 ) (530 )
Translation adjustment (32 ) (112 )
Balance at the end of the year ****₹ (4,303 ) ****₹ (4,945 )

Derivative assets and liabilities

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

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

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

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

Year ended March 31,
2024 2025
Balance as at the beginning of the year ****₹ (1,762 ) ****₹ 773 ****
Changes in fair value of effective portion of derivatives 1,461 (1,185 )
Deferred cancellation gain/(loss), net 40 (91 )
Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged<br>transactions^(1)^ 1,016 203
Net (gain)/loss on ineffective portion of derivative instruments classified to consolidated<br>statement of income 18 25
Gain/(loss) on cash flow hedging derivatives, net ****₹ 2,535 **** ****₹ (1,048 )
Balance as at the end of the year ****₹ 773 **** ****₹ (275 )
Deferred tax asset/(liability) thereon (195 ) 65
Balance as at the end of the year, net of deferred taxes ****₹ 578 **** ****₹ (210 )

^(1)^ Includes net (gain)/loss reclassified to revenue of ₹ 898 and ₹ 394 for the year ended March 31, 2024, and 2025, respectively; net (gain)/loss reclassified to cost of revenues of ₹ 221 and ₹ (51) for the year ended March 31, 2024, and 2025, respectively; net (gain)/loss reclassified to finance expenses of ₹ (167) and ₹ (213) for the year ended March 31, 2024, and 2025, respectively and net (gain)/loss reclassified to finance and other income of ₹ 64 and ₹ 73 for the year ended March 31, 2024, and 2025, respectively.

The related hedge transactions for balance in cash flow hedging reserves as at March 31, 2025 are expected to occur and be reclassified to the statement of income over a period of 17 months.

As at March 31, 2024 and 2025, there were no material gains or losses on derivative transactions or portions thereof that have become ineffective as hedges or associated with an underlying exposure that did not occur.

19.Foreign currency translation reserve and Other reserves

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

19

Year ended March 31,
2024 2025
Balance at the beginning of the year ₹ 43,255 ₹ 47,261
Translation difference related to foreign operations, net 4,204 7,294
Transfer of shares pertaining to Non-controlling interests<br>of subsidiary - (14 )
Reclassification of foreign currency translation differences on liquidation of subsidiaries to<br>statement of income (198 ) (41 )
Balance at the end of the year ****₹ 47,261 ****₹ 54,500

The movement in other reserves is summarized below:

Other Reserves
Particulars Remeasurements ofthe defined benefitplans Investment in debtinstrumentsmeasured at fair<br>value through OCI Investment in equityinstrumentsmeasured at fairvalue through OCI Capital RedemptionReserve Gross obligation tonon-controllinginterests underput options
As at April 1, 2023 ****₹ (548 ) ****₹ (119 ) ****₹ 10,793 ****₹ 1,122 ****₹ -
Additions due to acquisition (Refer to Note 7) - - - - (4,238 )
Other comprehensive income 262 1,516 (473 ) - -
Buyback of equity shares (Refer to Note 30) - - - 539 -
As at March 31, 2024 ****₹ (286 ) ****₹ 1,397 ****₹ 10,320 ****₹ 1,661 ****₹ (4,238 )
As at April 1, 2024 ****₹ (286 ) ****₹ 1,397 ****₹ 10,320 ****₹ 1,661 ****₹ (4,238 )
Other comprehensive income 289 963 (3,476 ) - -
Bonus issue of equity shares (Refer to Note 31) - - - (1,661 ) -
Transfer of shares pertaining to Non-controlling interests<br>of subsidiary (8 ) - - - -
Transfer to Retained<br>earnings^(1)^ (130 ) - (5,624 ) - -
As at March 31, 2025 ****₹ (135 ) ****₹ 2,360 ****₹ 1,220 ****₹ - ****₹ (4,238 )

^(1)^ Towards transfer of cumulative realized (gain)/loss on disposal of investments in equity instruments designated as FVTOCI and towards transfer of cumulative (gain)/loss on remeasurement of defined benefit plans to retained earnings.

20. Income taxes

Three months ended March 31, Year ended March 31,
2024 2025 2024 2025
Income tax expense as per the consolidated statement of income ₹ 10,040 ₹ 11,549 ₹ 36,089 ₹ 42,777
Income tax included in other comprehensive income on:
Gains/(losses) on investment securities 69 80 259 83
Gains/(losses) on cash flow hedging derivatives 211 372 554 (260 )
Remeasurements of the defined benefit plans (22 ) (26 ) 111 49
****₹ 10,298 ****₹ 11,975 ****₹ 37,013 ****₹ 42,649

Income tax expense consists of the following:

Three months ended March 31, Year ended March 31,
2024 2025 2024 2025
Current tax expense ₹ 7,594 ₹ 13,056 ₹ 34,973 ₹ 45,405
Deferred tax expense/(reversal) 2,446 (1,507 ) 1,116 (2,628 )
****₹ 10,040 ****₹ 11,549 ****₹ 36,089 ****₹ 42,777

Income tax expenses are net of provision recorded/(reversal) of taxes pertaining to earlier periods, amounting to ₹ 598 and ₹ (689) for the three months ended March 31, 2024 and 2025, and ₹ (690) and ₹ (2,306) for the year ended March 31, 2024 and 2025, respectively.

The Pillar Two legislations are neither enacted nor substantively enacted by Government of India, where the Parent company is incorporated. Pillar Two legislation has been enacted, or substantively enacted, in certain other jurisdictions where the Company operates. However, the Company does not expect any material financial impact for the three months and year ended March 31, 2025. The Company is continuing to assess the impact, if any, of Pillar Two income taxes legislation on future financial performance.

21. Revenues

The tables below present disaggregated revenue from contracts with customers by business segment (Refer to Note 28 “Segment Information”), sector and nature of contract. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors.

20

Information on disaggregation of revenues for the three months ended March 31, 2024 is as follows:

IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 67,267 ₹ 67,761 ₹ 61,381 ₹ 24,515 ₹ 220,924 ₹ - ****₹ 220,924
Sale of<br>products - - - - - 1,159 **** 1,159
****₹ 67,267 ****₹ 67,761 ****₹ 61,381 ****₹ 24,515 ****₹ 220,924 ****₹ 1,159 ****₹ 222,083
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 496 ₹ 41,217 ₹ 23,167 ₹ 8,964 ₹ 73,844
Health 25,860 21 4,111 1,179 31,171
Consumer 25,401 1,609 10,557 3,812 41,379
Technology and Communications^(1)^ 14,826 6,419 7,682 4,768 33,695
Energy, Manufacturing and<br>Resources^(1)^ 684 18,495 15,864 5,792 40,835
****₹ 67,267 ****₹ 67,761 ****₹ 61,381 ****₹ 24,515 ****₹ 220,924 ****₹ 1,159 ****₹ 222,083
C. Revenue by nature of contract
Fixed price and volume based ₹ 35,670 ₹ 35,611 ₹ 35,891 ₹ 15,219 ₹ 122,391 ₹ - ****₹ 122,391
Time and materials 31,597 32,150 25,490 9,296 98,533 - **** 98,533
Products - - - - - 1,159 **** 1,159
****₹ 67,267 ****₹ 67,761 ****₹ 61,381 ****₹ 24,515 ****₹ 220,924 ****₹ 1,159 ****₹ 222,083
Information on disaggregation of revenues<br>for the three months ended March 31, 2025 is as follows:
IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 73,648 ₹ 68,517 ₹ 58,492 ₹ 23,572 ₹ 224,229 ₹ - ****₹ 224,229
Sale of<br>products - - - - - 813 **** 813
****₹ 73,648 ****₹ 68,517 ****₹ 58,492 ****₹ 23,572 ****₹ 224,229 ****₹ 813 ****₹ 225,042
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 264 ₹ 44,173 ₹ 22,338 ₹ 9,840 ₹ 76,615
Health 28,291 129 3,124 807 32,351
Consumer 26,398 1,079 11,151 3,803 42,431
Technology and Communications^(1)^ 17,585 5,740 7,662 3,164 34,151
Energy, Manufacturing and<br>Resources^(1)^ 1,110 17,396 14,217 5,958 38,681
****₹ 73,648 ****₹ 68,517 ****₹ 58,492 ****₹ 23,572 ****₹ 224,229 ****₹ 813 ****₹ 225,042
C. Revenue by nature of contract
Fixed price and volume based ₹ 37,012 ₹ 34,002 ₹ 34,244 ₹ 14,667 ₹ 119,925 ₹ - ****₹ 119,925
Time and materials 36,636 34,515 24,248 8,905 104,304 - **** 104,304
Products - - - - - 813 **** 813
****₹ 73,648 ****₹ 68,517 ****₹ 58,492 ****₹ 23,572 ****₹ 224,229 ****₹ 813 ****₹ 225,042

21

Information on disaggregation of revenues for the year ended March 31, 2024 is as follows:

IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 268,131 ₹ 269,387 ₹ 253,817 ₹ 102,141 ₹ 893,476 ₹ - ****₹ 893,476
Sale of<br>products - - - - - 4,127 **** 4,127
****₹ 268,131 ****₹ 269,387 ****₹ 253,817 ****₹ 102,141 ****₹ 893,476 ****₹ 4,127 ****₹ 897,603
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 2,462 ₹ 165,002 ₹ 95,475 ₹ 35,762 ₹ 298,701
Health 95,496 162 17,699 4,954 118,311
Consumer 102,439 5,351 43,035 16,387 167,212
Technology and Communications^(1)^ 66,326 25,220 30,961 19,651 142,158
Energy, Manufacturing and<br>Resources^(1)^ 1,408 73,652 66,647 25,387 167,094
****₹ 268,131 ****₹ 269,387 ****₹ 253,817 ****₹ 102,141 ****₹ 893,476 ****₹ 4,127 ****₹ 897,603
C. Revenue by nature of contract
Fixed price and volume based ₹ 150,253 ₹ 140,676 ₹ 149,007 ₹ 62,011 ₹ 501,947 ₹ - ****₹ 501,947
Time and material 117,878 128,711 104,810 40,130 391,529 - **** 391,529
Products - - - - - 4,127 **** 4,127
****₹ 268,131 ****₹ 269,387 ****₹ 253,817 ****₹ 102,141 ****₹ 893,476 ****₹ 4,127 ****₹ 897,603
Information on disaggregation of revenues<br>for the year ended March 31, 2025 is as follows:
IT Services IT Products Total
Americas 1 Americas 2 Europe APMEA Total
A. Revenue
Rendering of services ₹ 281,806 ₹ 271,965 ₹ 240,187 ₹ 94,234 ₹ 888,192 ₹ - ****₹ 888,192
Sale of<br>products - - - - - 2,692 **** 2,692
****₹ 281,806 ****₹ 271,965 ****₹ 240,187 ****₹ 94,234 ****₹ 888,192 ****₹ 2,692 ****₹ 890,884
B. Revenue by sector
Banking, Financial Services and Insurance ₹ 1,240 ₹ 172,817 ₹ 91,965 ₹ 38,231 ₹ 304,253
Health 108,305 236 13,982 3,272 125,795
Consumer 103,875 6,659 43,435 15,344 169,313
Technology and Communications^(1)^ 64,907 24,255 31,804 14,933 135,899
Energy, Manufacturing and<br>Resources^(1)^ 3,479 67,998 59,001 22,454 152,932
****₹ 281,806 ****₹ 271,965 ****₹ 240,187 ****₹ 94,234 ****₹ 888,192 ****₹ 2,692 ****₹ 890,884
C. Revenue by nature of contract
Fixed price and volume based ₹ 144,904 ₹ 137,385 ₹ 142,241 ₹ 56,390 ₹ 480,920 ₹ - ****₹ 480,920
Time and materials 136,902 134,580 97,946 37,844 407,272 - **** 407,272
Products - - - - - 2,692 **** 2,692
****₹ 281,806 ****₹ 271,965 ****₹ 240,187 ****₹ 94,234 ****₹ 888,192 ****₹ 2,692 ****₹ 890,884

^(1)^ Effective October 1, 2024, the Company has reorganized its sectors by merging “Technology” and “Communications” into “Technology and Communications” sector, and by merging “Energy, Natural Resources and Utilities” and “Manufacturing” into “Energy, Manufacturing and Resources” sector. Comparative period disaggregation of revenue has been restated to give effect to this change.

22

22. Expenses by nature

Three months ended March 31,
2024
Employee compensation 136,255 133,454 549,301 ₹   533,477
Sub-contracting and technical fees 24,318 24,896 103,030 100,148
Cost of hardware and software 978 841 4,116 3,170
Travel 3,349 3,158 15,102 14,095
Facility expenses 3,727 4,113 14,556 16,067
Software license expense for internal use 4,395 4,951 18,378 19,338
Depreciation, amortization and<br>impairment^(1)^ 8,405 7,217 34,071 29,579
Communication 956 899 4,878 3,842
Legal and professional fees 2,324 3,133 9,559 11,270
Rates, taxes and insurance 1,414 1,690 5,993 5,804
Marketing and brand building 667 917 3,555 3,591
Lifetime expected credit loss 367 365 640 324
(Gain)/loss on sale of property, plant and equipment, net^(2)^ 102 160 (2,072) (606)
Miscellaneous expenses^(3)^ (675) 385 737 (454)
Total cost of revenues, selling and marketing expenses and general and administrative expenses **** 186,582 186,179 761,844 ****₹739,645

All values are in Indian Rupees.

^(1)^ Depreciation, amortization and impairment includes an impairment charge on intangible assets amounting to ₹ 808 and ₹ Nil for the three months ended March 31, 2024 and 2025, respectively and ₹ 1,701 and ₹ 1,155 for the year ended March 31, 2024 and 2025, respectively (Refer to Note 6).

^(2)^ (Gain)/loss on sale of property, plant and equipment for the year ended March 31, 2024 and 2025, includes gain on sale of immovable properties of ₹ (2,357) and gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ (885), respectively.

^(3)^Miscellaneous expenses are net of reversals of contingent consideration of ₹ 1,300 and ₹ 169 for the year ended March 31, 2024 and 2025 (Refer to Note 18). Miscellaneous expenses are net of insurance claim received of ₹ 1,805 during the year ended March 31, 2025.

23. Finance expenses

Three months ended March 31,
2024
Interest on loans and borrowings 1,773 1,790 6,893 ₹     7,124
Interest on lease liabilities 374 442 1,334 1,593
Interest on liability on written put options to non-controlling interests 33 134 33 530
Other finance expenses 1,128 1,401 4,292 5,523
**** 3,308 3,767 12,552 ****₹14,770
24. Finance and other income andForeign exchange gains/(losses), net
Three months ended March 31,
2024
Interest income 5,341 7,529 19,478 ₹    27,210
Dividend income from equity investments designated as FVTOCI 1 2,298 3 2,299
Net gain from investments classified as FVTPL 1,431 1,992 4,558 8,765
Net loss from investments classified as FVTOCI (14) - (143) (72)
Finance and other income **** 6,759 11,819 23,896 ****₹38,202
Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL 751 505 650 ₹       (398)
Other foreign exchange gains/(losses), net (879) (281) (310) 430
Foreign exchange gains/(losses), net **** (128) 224 340 ****₹32

All values are in Indian Rupees.

25. Earnings per equity share

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

Basic: Basic earnings per equity share is calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the period, excluding equity shares purchased by the Company and held as treasury shares.

Three months ended March 31,
2024
Profit attributable to equity holders of the Company 28,346 35,696 110,452 ₹   131,354
Weighted average number of equity shares outstanding 10,444,700,646 10,462,328,534 10,576,571,110 10,456,741,552
Basic earnings per equity share **** 2.71 3.41 10.44 ****₹12.56

All values are in Indian Rupees.

23

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

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

Three months ended March 31,
2024
Profit attributable to equity holders of the Company 28,346 35,696 110,452 ₹   131,354
Weighted average number of equity shares outstanding 10,444,700,646 10,462,328,534 10,576,571,110 10,456,741,552
Effect of dilutive equivalent share options 25,650,776 28,387,685 34,853,518 32,197,840
Weighted average number of equity shares for diluted earnings per equity share 10,470,351,422 10,490,716,219 10,611,424,628 10,488,939,392
Diluted earnings per equity share **** 2.70 3.39 10.41 ****₹12.52

All values are in Indian Rupees.

Earnings per share and number of shares outstanding for the three months and year ended March 31, 2024, have been proportionately adjusted for the 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). Refer to Note 31.

Earnings per share for each of the three months ended June 30, 2023, September 30, 2023, December 31, 2023 and March 31, 2024 will not add up to earnings per share for the year ended March 31, 2024, on account of buyback of equity shares.

26. Employee compensation

Three months ended March 31,
2024
Salaries and bonus 130,176 126,715 524,484 ₹   507,629
Employee benefits plans 4,786 5,544 19,227 20,306
Share-based compensation^(1)^^^ 1,293 1,195 5,590 5,542
**** 136,255 133,454 549,301 ****₹533,477

All values are in Indian Rupees.

^(1)^ Includes ₹ 1 and ₹ (1) for the three months ended March 31, 2024 and 2025, respectively and ₹ 6 and ₹ (9) for the year ended March 31, 2024 and 2025 respectively, towards cash settled ADS RSUs.

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

Three months ended March 31,
2024
Cost of revenues 116,112 114,271 459,466 ₹   452,800
Selling and marketing expenses 12,808 11,226 51,224 47,788
General and administrative expenses 7,335 7,957 38,611 32,889
**** 136,255 133,454 549,301 ****₹533,477

All values are in Indian Rupees.

The Company has granted below options under RSU and ADS option plan:

Three months ended March 31, Year ended March 31,
2024 2025 2024 2025
Restricted Stock Units (RSU) 70,768 67,433 3,344,668 3,498,476
ADS RSU 111,703 1,237,058 8,886,979 9,707,235
Performance based stock options (RSUs) - - 1,892,498 2,014,993
Performance based stock options (ADS) - - 5,659,164 5,323,067

Numbers in above table are not given effect of bonus shares issued during the year ended March 31, 2025.

During the year ended March 31, 2025, RSU and ADS grants were issued under the Wipro Employee Restricted Stock Unit plan 2007 (WSRUP 2007 plan) and Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan), respectively. The Company has also made RSU and ADS grants under the Wipro Limited Employee Stock Options, Performance Stock Unit and/or Restricted Stock Unit Scheme 2024, which was approved by the shareholders at the AGM dated July 18, 2024. Performance based stock options will vest based on the performance parameters of the Company.

27. Commitments and contingencies

Capital commitments: As at March 31, 2024 and 2025 the Company had committed to spend approximately ₹ 10,322 and ₹ 8,719 respectively, under agreements to purchase/ construct property and equipment. These amounts are net of capital advances paid in respect of these purchases. Refer to Note 8 for uncalled capital commitments on investment in equity instruments.

Guarantees: As at March 31, 2024 and 2025, guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies aggregate to ₹ 13,455 and ₹ 13,110 respectively, as part of the bank line of credit.

24

Contingencies and lawsuits: The Company is subject to legal proceedings and claims resulting from tax assessment orders/ penalty notices issued under the Income Tax Act, 1961, which have arisen in the ordinary course of its business. Some of the claims involve complex issues and it is not possible to make a reasonable estimate of the expected financial effect, if any, that will result from ultimate resolution of such proceedings. However, the resolution of these legal proceedings is not likely to have a material and adverse effect on the results of operations or the financial position of the Company.

The Company’s assessments are completed for the years up to March 31, 2019. The Company has received demands on multiple tax issues. These claims are primarily arising out of denial of deduction under section 10A of the Income Tax Act, 1961 in respect of profit earned by the Company’s undertaking in Software Technology Park at Bengaluru, the appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2008 which either has been or may be contested by the Income tax authorities before the Hon’ble Supreme Court of India. Other claims relate to disallowance of tax benefits on profits earned from Software Technology Park and Special Economic Zone units, capitalization of research and development expenses, transfer pricing adjustments on intercompany / inter unit transactions and other issues.

Income tax claims against the Company amounting to ₹ 95,520 and ₹ 99,431 are not acknowledged as debt as at March 31, 2024 and 2025, respectively. These matters are pending before various Appellate Authorities and the management expects its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company’s financial position and results of operations.

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounting to ₹ 18,799 and ₹ 19,292 as of March 31, 2024, and 2025, respectively. However, the resolution of these disputed demands is not likely to have a material and adverse effect on the results of operations or the financial position of the Company.

28. Segment information

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

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

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

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

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

IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.

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

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

25

Information on reportable segments for the three months ended March 31, 2024, is as follows:

IT Services IT Products Reconciling<br><br><br>Items Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 67,229 ₹ 67,724 ₹ 61,344 ₹ 24,499 ₹ 220,796 ₹ 1,159 ₹ - ₹ 221,955
Segment result 14,081 15,791 7,933 3,401 **** 41,206 143 (965 ) 40,384
Unallocated **** (5,011 ) - - (5,011 )
Segment resulttotal ₹ 36,195 ****₹ 143 ****₹ (965 ) ****₹ 35,373
Finance expenses (3,308 )
Finance and other<br>income 6,759
Share of net profit/(loss) of<br>associate and joint venture accounted for using the equity method (202 )
Profit beforetax ****₹ 38,622
Income tax expense (10,040 )
Profit for theperiod ****₹ 28,582
Depreciation, amortization and impairment ₹ 8,405

Information on reportable segments for the three months ended March 31, 2025, is as follows:

IT Services IT Products Reconciling<br><br><br>Items Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 73,721 ₹ 68,582 ₹ 58,552 ₹ 23,598 ₹ 224,453 ₹ 813 ₹ - ₹ 225,266
Segment result 16,195 15,513 8,140 3,672 **** 43,520 28 (211 ) 43,337
Unallocated **** (4,250 ) (4,250 )
Segment resulttotal ₹ 39,270 ****₹ 28 ****₹ (211 ) ****₹ 39,087
Finance expenses (3,767 )
Finance and other<br>income 11,819
Share of net profit/(loss) of<br>associate and joint venture accounted for using the equity method 291
Profit beforetax ****₹ 47,430
Income tax expense (11,549 )
Profit for theperiod ****₹ 35,881
Depreciation, amortization and impairment ₹ 7,217

26

Information on reportable segments for the year ended March 31, 2024, is as follows:

IT Services IT Products Reconciling<br><br><br>Items Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 268,230 ₹ 269,482 ₹ 253,927 ₹ 102,177 ₹ 893,816 ₹ 4,127 ₹ - ₹ 897,943
Segment result 59,364 59,163 33,354 12,619 **** 164,500 (371 ) (7,726 ) 156,403
Unallocated **** (20,304 ) - - (20,304 )
Segment resulttotal ₹ 144,196 ****₹ (371 ) ****₹ (7,726 ) ****₹ 136,099
Finance expense (12,552 )
Finance and other<br>income 23,896
Share of net profit/(loss) of<br>associate and joint venture accounted for using the equity method (233 )
Profit beforetax ****₹ 147,210
Income tax expense (36,089 )
Profit for theyear ****₹ 111,121
Depreciation, amortization and impairment ₹ 34,071

Information on reportable segments for the year ended March 31, 2025, is as follows:

IT Services IT Products Reconciling<br><br><br>Items Total
Americas 1 Americas 2 Europe APMEA Total
Revenue ₹ 281,824 ₹ 271,972 ₹ 240,077 ₹ 94,351 ₹ 888,224 ₹ 2,692 ₹ - ₹ 890,916
Segment result 58,186 61,326 29,434 12,850 **** 161,796 (173 ) (195 ) 161,428
Unallocated **** (10,157 ) - - (10,157 )
Segment resulttotal ₹ 151,639 ****₹ (173 ) ****₹ (195 ) ****₹ 151,271
Finance expense (14,770 )
Finance and other<br>income 38,202
Share of net profit/(loss) of<br>associate and joint venture accounted for using the equity method 254
Profit beforetax ****₹ 174,957
Income tax expense (42,777 )
Profit for theyear ****₹ 132,180
Depreciation, amortization and impairment ₹ 29,579

27

Revenues from India, being Company’s country of domicile, is ₹ 5,575 and ₹ 5,271 for the three months ended March 31, 2024, and 2025, respectively and ₹ 23,484 and ₹ 20,699 for the year ended March 31, 2024, and 2025, respectively.

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

Three months ended March 31, Year ended March 31,
2024 2025 2024 2025
United States of America ₹ 128,934 ₹ 136,385 ₹ 512,740 ₹ 529,943
United Kingdom 25,392 22,954 108,613 95,241
****₹ 154,326 ****₹ 159,339 ****₹ 621,353 ****₹ 625,184

No customer individually accounted for more than 10% of the revenues during the three months and year ended March 31, 2024 and 2025.

Management believes that it is currently not practicable to provide disclosure of geographical location wise assets, since the meaningful segregation of the available information is onerous.

Notes:

a) “Reconciling Items” includes elimination of inter-segment transactions and other corporate activities.<br>
b) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.<br>
--- ---
c) For the purpose of segment reporting, the Company has included the impact of “foreign exchange<br>gains/(losses), net” in revenues, which is reported as a part of operating profit in the interim condensed consolidated statement of income.
--- ---
d) Restructuring cost of<br>₹ Nil and ₹ 6,814 for the three months and year ended March 31, 2024,<br>respectively is included under Reconciling items.
--- ---
e) Reconciling Items for the three months and year ended March 31, 2024 includes employee costs of ₹ 921 towards outgoing CEO and Managing Director.
--- ---
f) “Unallocated” within IT Services segment results is after recognition of the below:<br>
--- ---
Three months ended March 31, Year ended March 31,
--- --- --- --- --- --- --- --- --- --- --- --- ---
2024 2025 2024 2025
Amortization and impairment expenses on intangible assets<br><br><br>(Refer to Note 6) ₹ 2,569 ₹ 1,631 ₹ 11,756 ₹ 7,909
Change in fair value of contingent consideration<br><br><br>(Refer to Note 18) (792 ) (2 ) (1,300 ) (169 )

Segment results of IT Services segment for the three and year ended March 31, 2024 are after considering additional amortization due to change in estimate of useful life of the customer-related intangibles in an earlier Business combination. (Refer to Note 6)

g) Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 1,293 and ₹ 1,195 for the three months ended March 31, 2024 and 2025,<br>respectively and ₹ 5,590 and ₹ 5,542 for the year ended March 31, 2024<br>and 2025 respectively.
h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and<br>equipment of ₹ 102 and ₹ 160 for the three months ended March 31, 2024<br>and 2025, respectively and ₹ (2,072) and ₹ (606) for the year ended<br>March 31, 2024 and 2025 respectively.
--- ---
29. List of subsidiaries, associate and joint venture as at March 31, 2025 is provided below:
--- ---
Subsidiaries Subsidiaries Subsidiaries Country of<br><br><br>Incorporation
--- --- --- ---
Attune Consulting India Private Limited India
Capco Technologies Private Limited India
Wipro Technology Product Services Private Limited India
Wipro Chengdu Limited China
Wipro Holdings (UK) Limited U.K.
Wipro HR Services India Private Limited India
Wipro IT Services Bangladesh Limited Bangladesh
Wipro IT Services UK<br>Societas U.K.
Designit A/S Denmark
Designit Denmark A/S Denmark
Designit Germany GmbH Germany
Designit Oslo A/S Norway
Designit Spain Digital, S.L.U Spain
Designit T.L.V Ltd. Israel
Wipro Bahrain Limited Co. W.L.L Bahrain

28

Wipro Czech Republic IT Services s.r.o. Czech Republic
Wipro CRM Services (formerly known as Wipro 4C NV) Belgium
Wipro 4C Consulting France SAS France
Wipro CRM Services B.V. (formerly known as Wipro 4C Nederland B.V) Netherlands
Wipro CRM Services ApS Denmark
Wipro CRM Services UK Limited U.K.
Grove Holdings 2 S.á.r.l Luxembourg
Capco Solution Services GmbH Germany
The Capital Markets Company Italy Srl Italy
Capco Brasil Serviços E Consultoria Ltda Brazil
The Capital Markets Company BV^(1)^ Belgium
Capco Consulting Middle East FZE^(4)^ UAE
PT. WT Indonesia Indonesia
Rainbow Software LLC Iraq
Wipro Arabia Limited^(2)^ Saudi Arabia
Women’s Business Park Technologies Limited^(2)^ Saudi Arabia
Wipro Doha LLC Qatar
Wipro Financial Outsourcing Services Limited U.K.
Wipro UK Limited U.K.
Wipro Gulf LLC Sultanate of Oman
Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary
Wipro Information Technology Netherlands BV. Netherlands
Wipro do Brasil Technologia Ltda^(1)^ Brazil
Wipro Information Technology Kazakhstan LLP Kazakhstan
Wipro Outsourcing Services (Ireland) Limited Ireland
Wipro Portugal S.A.^(1)^ Portugal
Wipro Solutions Canada Limited Canada
Wipro Technologies Limited Russia
Wipro Technologies Peru SAC Peru
Wipro Technologies W.T. Sociedad Anonima Costa Rica
Wipro Technology Chile SPA Chile
Applied Value Technologies B.V.^(5)^ Netherlands
Wipro IT Service Ukraine, LLC Ukraine
Wipro IT Services Poland SP Z.O.O Poland
Wipro IT Services S.R.L. Romania
Wipro Regional Headquarter Saudi Arabia
Wipro Technologies Australia Pty Ltd Australia
Wipro Ampion Holdings Pty Ltd^(1)^ Australia
Wipro Technologies SA Argentina
Wipro Technologies SA DE CV Mexico
Wipro Technologies South Africa (Proprietary) Limited South Africa
Wipro Technologies Nigeria Limited Nigeria
Wipro Technologies SRL Romania
Wipro (Thailand) Co. Limited Thailand
Wipro Japan KK Japan
Wipro Networks Pte<br>Limited Singapore
Wipro (Dalian) Limited China
Wipro Technologies SDN BHD Malaysia
Applied Value Technologies Pte Limited^(6)^ Singapore
Wipro Overseas IT Services Private Limited India
Wipro Philippines, Inc. Philippines
Wipro Shanghai Limited China

29

Wipro Trademarks Holding Limited India
Wipro Travel Services Limited India
Wipro VLSI Design Services India Private Limited India
Wipro, LLC USA
Wipro Gallagher Solutions, LLC USA
Wipro Insurance Solutions, LLC USA
Wipro IT Services, LLC USA
Aggne Global Inc.^(3)^ USA
Cardinal US Holdings, Inc.^(1)^ USA
Edgile, LLC USA
HealthPlan Services, Inc.^(1)^ USA
Infocrossing, LLC USA
International TechneGroup Incorporated^(1)^ USA
Wipro NextGen Enterprise Inc.^(1)^ USA
Rizing Intermediate Holdings, Inc.^(1)^ USA
Wipro Appirio, Inc.^(1)^ USA
Wipro Designit Services, Inc.^(1)^ USA
Wipro Telecom Consulting LLC USA
Wipro VLSI Design Services, LLC USA
Applied Value Technologies, Inc.^(7)^ USA
Aggne Global IT Services Private Limited^(3)^ India
Wipro, Inc.^(8)^ USA
Wipro Life Science Solutions, LLC^(9)^ USA

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. All the above direct subsidiaries are 100% held by the Company except as mentioned in footnote (2) and (3) below.

^(2)^ Wipro IT Services UK Societas holds 66.67% of the equity securities of Wipro Arabia Limited. Wipro Arabia Limited has acquired 45% of the equity securities of Women’s Business Park Technologies Limited on March 24, 2025 in addition to 55% of the equity securities held.

^(3)^ The Company holds 60% of the equity securities of Aggne Global IT Services Private Limited and Wipro IT Services, LLC holds 60% of the equity securities of Aggne Global Inc.

^(4)^ Capco Consulting Middle East FZE has been incorporated with effect from December 17, 2024 which is 100% held by Grove Holdings 2 S.á.r.l.

^(5)^ Wipro Information Technology Netherlands BV. has acquired 100% of the equity securities of Applied Value Technologies B.V.

^(6)^ Wipro Networks Pte Limited has acquired 100% of the equity securities of Applied Value Technologies Pte Limited

^(7)^ Wipro IT Services, LLC has acquired 100% of the equity securities of Applied Value Technologies, Inc.

^(8)^ Wipro, Inc. has been incorporated as a wholly-owned subsidiary of the Company with the effect from September 30, 2024.

^(9)^ Wipro Life Science Solutions, LLC has been incorporated as a wholly-owned subsidiary of Wipro, Inc. with effect from October 10, 2024.

^(1)^ Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International 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 and Wipro Portugal S.A. are as follows:

Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
Cardinal US Holdings,<br>Inc. USA
Capco Consulting Services LLC USA
Capco RISC Consulting LLC USA
The Capital Markets Company LLC USA
HealthPlan Services, Inc. USA

30

HealthPlan Services Insurance Agency, LLC USA
International TechneGroup<br>Incorporated USA
International TechneGroup Ltd. U.K.
ITI Proficiency Ltd Israel
MechWorks S.R.L. Italy
Wipro NextGen Enterprise<br>Inc. USA
LeanSwift AB Sweden
Rizing Intermediate Holdings,<br>Inc. USA
Rizing Lanka (Private) Ltd Sri Lanka
Attune Netherlands B.V.^(11)^ Netherlands
Rizing Solutions Canada Inc. Canada
Rizing LLC USA
Aasonn Philippines Inc. Philippines
Rizing B.V. Netherlands
Rizing Consulting Ireland Limited Ireland
Rizing Consulting Pty Ltd. Australia
Rizing Geospatial LLC USA
Rizing GmbH Germany
Rizing Limited U.K.
Rizing Consulting USA, Inc.^(10)^ USA
Rizing Pte Ltd.^(11)^ Singapore
The Capital Markets Company<br>BV Belgium
CapAfric Consulting (Pty) Ltd South Africa
Capco Belgium BV Belgium
Capco Consultancy (Malaysia) Sdn. Bhd Malaysia
Capco Consultancy (Thailand) Ltd Thailand
Capco Consulting Singapore Pte. Ltd Singapore
Capco Greece Single Member P.C Greece
Capco Poland sp. z.o.o Poland
The Capital Markets Company (UK) Ltd U.K.
The Capital Markets Company GmbH Germany
Capco Austria GmbH Austria
The Capital Markets Company Limited Hong Kong
The Capital Markets Company Limited Canada
The Capital Markets Company S.á.r.l Switzerland
Andrion AG Switzerland
The Capital Markets Company S.A.S France
The Capital Markets Company s.r.o Slovakia
Wipro Ampion Holdings Pty<br>Ltd Australia
Wipro Revolution IT Pty Ltd Australia
Wipro Shelde Australia Pty Ltd Australia
Wipro Appirio, Inc. USA
Wipro Appirio (Ireland) Limited Ireland
Wipro Appirio UK Limited U.K.
Topcoder, LLC. USA
Wipro Designit Services,<br>Inc. USA
Wipro Designit Services Limited Ireland
Wipro do Brasil Technologia<br>Ltda Brazil
Wipro do Brasil Servicos Ltda Brazil
Wipro Do Brasil Sistemas De Informatica Ltda Brazil
Wipro Portugal S.A. Portugal
Wipro Technologies GmbH Germany
Wipro Business Solutions GmbH^(11)^ Germany
Wipro IT Services Austria GmbH Austria

^(10)^ Attune Netherlands B.V transferred its entire shareholding in Rizing Consulting USA, Inc. to Rizing LLC, effective March 31, 2025.

^(11)^ Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows:

31

Subsidiaries Subsidiaries Subsidiaries Country ofIncorporation
Attune Netherlands<br>B.V. Netherlands
Rizing Germany GmbH Germany
Attune Italia S.R.L Italy
Attune UK Ltd. U.K.
Rizing Pte Ltd. Singapore
Rizing New Zealand Ltd. New Zealand
Rizing Philippines Inc. Philippines
Rizing SDN BHD Malaysia
Rizing Solutions Pty Ltd Australia
Wipro Business Solutions<br>GmbH Germany
Wipro Technology Solutions S.R.L Romania

As at March 31, 2025, the Company held 43.7% interest in Drivestream Inc. and 27% interest in SDVerse LLC, accounted for using the equity method.

The list of controlled trusts are:

Name of the entity Country of incorporation
Wipro Equity Reward Trust India
Wipro Foundation India
30. Buyback of equity shares
--- ---

During the year ended March 31, 2024, the Company concluded the buyback of 269,662,921 equity shares (at a price of ₹ 445 per equity share) as approved by the Board of Directors on April 27, 2023. This has resulted in a total cash outflow of ₹ 145,173 (including tax on buyback of ₹ 24,783 and transaction costs related to buyback of ₹ 390). In line with the requirement of the Companies Act, 2013, an amount of ₹ 3,768 and ₹ 141,405 has been utilized from share premium and retained earnings respectively. Further, capital redemption reserve (included in other reserves) of ₹ 539 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buyback, the paid-up equity share capital has reduced by ₹ 539.

31. 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) as 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, share premium and retained earnings to the share capital.

32. During the year ended March 31, 2025, the Company paid an interim dividend of ₹ 6 per equity share (declared on January 17, 2025).
As per our report of even date attached For and on behalf of the Board of Directors
--- --- --- ---
for Deloitte Haskins & Sells LLP Rishad A. Premji Deepak M. Satwalekar Srinivas Pallia
Chartered Accountants Chairman Director Chief Executive Officer and
Firm Registration No: 117366W/W - 100018 (DIN: 02983899) (DIN:00009627) Managing Director
(DIN: 10574442)
Anand Subramanian Aparna C. Iyer M. Sanaulla Khan
Partner Chief Financial Officer Company Secretary
Membership No. 110815 Membership No.: F4129
Bengaluru
April 16, 2025

32

EX-99.4

Exhibit 99.4

WIPRO LIMITED CIN:<br>L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakannelli, Sarjapur Road, Bengaluru - 560035, India Website:<br>www.wipro.com ; Email id – [email protected] ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844<br>0054 STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE MONTHS AND YEAR ENDED MARCH 31, 2025<br>UNDER IFRS (IASB) ( in millions, except share and per share data, unless otherwise stated) <br><br><br><br><br><br><br><br><br><br><br><br><br><br><br>
Three months ended Year ended
March31, 2025 December31, 2024 March31, 2024 March31, 2025 March31, 2024
225,042 223,188 222,083 890,884 897,603
224 410 (128 ) 32 340
I **** 225,266 **** 223,598 **** 221,955 **** 890,916 **** 897,943
810 459 825 2,967 3,832
31 318 156 195 278
133,454 133,035 136,255 533,477 549,301
7,217 6,765 8,405 29,579 34,071
24,896 25,903 24,318 100,148 103,030
4,113 3,884 3,727 16,067 14,556
3,158 3,164 3,349 14,095 15,102
899 871 956 3,842 4,878
3,133 2,842 2,324 11,270 9,559
4,951 5,080 4,395 19,338 18,378
917 1,032 667 3,591 3,555
365 (608 ) 367 324 640
160 77 102 (606 ) (2,072 )
2,075 1,810 736 5,358 6,736
II **** 186,179 **** 184,632 **** 186,582 **** 739,645 **** 761,844
III 3,767 4,146 3,308 14,770 12,552
IV 11,819 9,708 6,759 38,202 23,896
V 291 5 (202 ) 254 (233 )
VI **** 47,430 **** 44,533 **** 38,622 **** 174,957 **** 147,210
VII 11,549 10,866 10,040 42,777 36,089
VIII **** 35,881 **** 33,667 **** 28,582 **** 132,180 **** 111,121
124 (231 ) (177 ) 274 82
(2,943 ) (367 ) (506 ) (3,476 ) (473 )
1,762 1,853 (844 ) 7,331 4,219
(55 ) 1 (2 ) (41 ) (198 )
(94 ) 269 271 (189 ) 198
335 (171 ) 15 146 128
810 (1,100 ) 355 (745 ) 1,655
352 37 261 963 1,516
IX 291 291 (627 ) 4,263 7,127

All values are in Indian Rupees.

1

Total comprehensive income for the period [VIII+IX] 33,958 27,955 136,443 118,248
X Profit for the period attributable to:
Equity holders of the Company 33,538 28,346 131,354 110,452
Non-controlling interests 129 236 826 669
33,667 28,582 132,180 111,121
Total comprehensive income for the period attributable to:
Equity holders of the Company 33,783 27,781 135,595 117,744
Non-controlling interests 175 174 848 504
33,958 27,955 136,443 118,248
XI Paid up equity share capital (Par value 2 per share) 20,938 10,450 20,944 10,450
XII Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet 807,365 739,433
XIII Earnings per share (EPS)
(Equity shares of par value of 2/- each)
(EPS for the three months ended periods are not annualized)
Basic (in ) 3.21 2.71 12.56 10.44
Diluted (in ) 3.20 2.70 12.52 10.41

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, 2025, have been approved by the Board of Directors of the Company at its meeting held on April 16, 2025. 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.
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, 2025 and the audited interim condensed consolidated financial statements for the nine months ended December 31, 2024, which are prepared in accordance with<br>International 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<br>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 in the consolidated<br>financial results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise stated.<br>
--- ---
3. (Gain)/loss on sale of property, plant and equipment for the year ended March 31, 2025, includes<br>gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ (885), and for the year ended March 31, 2024<br>includes gain on sale of immovable properties of ₹ (2,357).
--- ---
4. Other expenses are net of reversals of contingent consideration of ₹ 2, ₹ Nil, ₹ 792 for<br>the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively, and ₹ 169 and ₹ 1,300 for the year ended March 31, 2025 and 2024, respectively. Other expenses are net of insurance claim received of<br>₹ Nil for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively, and ₹ 1,805 and ₹ Nil for the year ended March 31, 2025 and 2024, respectively.
--- ---
5. List of subsidiaries, associate and joint venture as at March 31, 2025 are provided in the tablebelow:
--- ---
Subsidiaries Subsidiaries Subsidiaries Country of<br><br><br>Incorporation
--- --- --- ---
Attune Consulting India Private Limited India
Capco Technologies Private Limited India
Wipro Technology Product Services Private Limited India
Wipro Chengdu Limited China
Wipro Holdings (UK) Limited U.K.
Wipro HR Services India Private Limited India
Wipro IT Services Bangladesh Limited Bangladesh
Wipro IT Services UK Societas U.K.
Designit A/S Denmark
Designit Denmark A/S Denmark
Designit Germany GmbH Germany
Designit Oslo A/S Norway

2

Designit Spain Digital, S.L.U Spain
Designit T.L.V Ltd. Israel
Wipro Bahrain Limited Co. W.L.L Bahrain
Wipro Czech Republic IT Services s.r.o. Czech Republic
Wipro CRM Services (formerly known as Wipro 4C NV) Belgium
Wipro 4C Consulting France SAS France
Wipro CRM Services B.V. (formerly known as Wipro 4C Nederland B.V) Netherlands
Wipro CRM Services ApS Denmark
Wipro CRM Services UK Limited U.K.
Grove Holdings 2 S.á.r.l Luxembourg
Capco Solution Services GmbH Germany
The Capital Markets Company Italy Srl Italy
Capco Brasil Serviços E Consultoria Ltda Brazil
The Capital Markets Company BV^(1)^ Belgium
Capco Consulting Middle East FZE^(4)^ UAE
PT. WT Indonesia Indonesia
Rainbow Software LLC Iraq
Wipro Arabia Limited^(2)^ Saudi Arabia
Women’s Business Park Technologies Limited^(2)^ Saudi Arabia
Wipro Doha LLC Qatar
Wipro Financial Outsourcing Services Limited U.K.
Wipro UK Limited U.K.
Wipro Gulf LLC Sultanate of Oman
Wipro Holdings Hungary Korlátolt Felelősségű Társaság Hungary
Wipro Information Technology Netherlands BV. Netherlands
Wipro do Brasil Technologia Ltda^(1)^ Brazil
Wipro Information Technology Kazakhstan LLP Kazakhstan
Wipro Outsourcing Services (Ireland) Limited Ireland
Wipro Portugal S.A.^(1)^ Portugal
Wipro Solutions Canada Limited Canada
Wipro Technologies Limited Russia
Wipro Technologies Peru SAC Peru
Wipro Technologies W.T. Sociedad Anonima Costa Rica
Wipro Technology Chile SPA Chile
Applied Value Technologies B.V.^(5)^ Netherlands
Wipro IT Service Ukraine, LLC Ukraine
Wipro IT Services Poland SP Z.O.O Poland
Wipro IT Services S.R.L. Romania
Wipro Regional Headquarter Saudi Arabia
Wipro Technologies Australia Pty Ltd Australia
Wipro Ampion Holdings Pty Ltd^(1)^ Australia
Wipro Technologies SA Argentina
Wipro Technologies SA DE CV Mexico
Wipro Technologies South Africa (Proprietary) Limited South Africa
Wipro Technologies Nigeria Limited Nigeria
Wipro Technologies SRL Romania
Wipro (Thailand) Co. Limited Thailand
Wipro Japan KK Japan
Wipro Networks Pte Limited Singapore
Wipro (Dalian) Limited China
Wipro Technologies SDN BHD Malaysia
Applied Value Technologies Pte Limited^(6)^ Singapore
Wipro Overseas IT Services Private Limited India

3

Wipro Philippines, Inc. Philippines
Wipro Shanghai Limited China
Wipro Trademarks Holding Limited India
Wipro Travel Services Limited India
Wipro VLSI Design Services India Private Limited India
Wipro, LLC USA
Wipro Gallagher Solutions, LLC USA
Wipro Insurance Solutions, LLC USA
Wipro IT Services, LLC USA
Aggne Global Inc.^(3)^ USA
Cardinal US Holdings, Inc.^(1)^ USA
Edgile, LLC USA
HealthPlan Services, Inc.^(1)^ USA
Infocrossing, LLC USA
International TechneGroup Incorporated^(1)^ USA
Wipro NextGen Enterprise Inc.^(1)^ USA
Rizing Intermediate Holdings, Inc.^(1)^ USA
Wipro Appirio, Inc.^(1)^ USA
Wipro Designit Services, Inc.^(1)^ USA
Wipro Telecom Consulting LLC USA
Wipro VLSI Design Services, LLC USA
Applied Value Technologies, Inc.^(7)^ USA
Aggne Global IT Services Private<br>Limited^(3)^ India
Wipro, Inc.^(8)^ USA
Wipro Life Science Solutions, LLC^(9)^ USA

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. All the above direct subsidiaries are 100% held by the Company except as mentioned in footnote (2) and (3) below.

^(2)^ Wipro IT Services UK Societas holds 66.67% of the equity securities of Wipro Arabia Limited. Wipro Arabia Limited has acquired 45% of the equity securities of Women’s Business Park Technologies Limited on March 24, 2025 in addition to 55% of the equity securities held.

^(3)^ The Company holds 60% of the equity securities of Aggne Global IT Services Private Limited and Wipro IT Services, LLC holds 60% of the equity securities of Aggne Global Inc.

^(4)^ Capco Consulting Middle East FZE has been incorporated with effect from December 17, 2024 which is 100% held by Grove Holdings 2 S.á.r.l.

^(5)^ Wipro Information Technology Netherlands BV. has acquired 100% of the equity securities of Applied Value Technologies B.V.

^(6)^ Wipro Networks Pte Limited has acquired 100% of the equity securities of Applied Value Technologies Pte Limited

^(7)^ Wipro IT Services, LLC has acquired 100% of the equity securities of Applied Value Technologies, Inc.

^(8)^ Wipro, Inc. has been incorporated as a wholly-owned subsidiary of the Company with the effect from September 30, 2024.

^(9)^ Wipro Life Science Solutions, LLC has been incorporated as a wholly-owned subsidiary of Wipro, Inc. with effect from October 10, 2024.

^(1)^ Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International 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 and Wipro Portugal S.A. are as follows:

Subsidiaries Subsidiaries Subsidiaries Country of Incorporation
Cardinal US Holdings, Inc. USA
Capco Consulting Services LLC USA
Capco RISC Consulting LLC USA
The Capital Markets Company LLC USA

4

HealthPlan Services, Inc. USA
HealthPlan Services Insurance Agency, LLC USA
International TechneGroup Incorporated USA
International TechneGroup Ltd. U.K.
ITI Proficiency Ltd Israel
MechWorks S.R.L. Italy
Wipro NextGen Enterprise Inc. USA
LeanSwift AB Sweden
Rizing Intermediate Holdings, Inc. USA
Rizing Lanka (Private) Ltd Sri Lanka
Attune Netherlands B.V.^(11)^ Netherlands
Rizing Solutions Canada Inc. Canada
Rizing LLC USA
Aasonn Philippines Inc. Philippines
Rizing B.V. Netherlands
Rizing Consulting Ireland Limited Ireland
Rizing Consulting Pty Ltd. Australia
Rizing Geospatial LLC USA
Rizing GmbH Germany
Rizing Limited U.K.
Rizing Consulting USA, Inc.^(10)^ USA
Rizing Pte Ltd.^(11)^ Singapore
The Capital Markets Company BV Belgium
CapAfric Consulting (Pty) Ltd South Africa
Capco Belgium BV Belgium
Capco Consultancy (Malaysia) Sdn. Bhd Malaysia
Capco Consultancy (Thailand) Ltd Thailand
Capco Consulting Singapore Pte. Ltd Singapore
Capco Greece Single Member P.C Greece
Capco Poland sp. z.o.o Poland
The Capital Markets Company (UK) Ltd U.K.
The Capital Markets Company GmbH Germany
Capco Austria GmbH Austria
The Capital Markets Company Limited Hong Kong
The Capital Markets Company Limited Canada
The Capital Markets Company S.á.r.l Switzerland
Andrion AG Switzerland
The Capital Markets Company S.A.S France
The Capital Markets Company s.r.o Slovakia
Wipro Ampion Holdings Pty Ltd Australia
Wipro Revolution IT Pty Ltd Australia
Wipro Shelde Australia Pty Ltd Australia
Wipro Appirio, Inc. USA
Wipro Appirio (Ireland) Limited Ireland
Wipro Appirio UK Limited U.K.
Topcoder, LLC. USA
Wipro Designit Services, Inc. USA
Wipro Designit Services Limited Ireland
Wipro do Brasil Technologia Ltda Brazil
Wipro do Brasil Servicos Ltda Brazil
Wipro Do Brasil Sistemas De Informatica Ltda Brazil
Wipro Portugal S.A. Portugal
Wipro Technologies GmbH Germany
Wipro Business Solutions GmbH^(11)^ Germany
Wipro IT Services Austria GmbH Austria

^(10)^ Attune Netherlands B.V transferred its entire shareholding in Rizing Consulting USA, Inc. to Rizing LLC, effective March 31, 2025.

5

^(11)^ Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows:

Subsidiaries Subsidiaries Subsidiaries Country of Incorporation
Attune Netherlands B.V. Netherlands
Rizing Germany GmbH Germany
Attune Italia S.R.L Italy
Attune UK Ltd. U.K.
Rizing Pte Ltd. Singapore
Rizing New Zealand Ltd. New Zealand
Rizing Philippines Inc. Philippines
Rizing SDN BHD Malaysia
Rizing Solutions Pty Ltd Australia
Wipro Business Solutions GmbH Germany
Wipro Technology Solutions S.R.L Romania

As at March 31, 2025, the Company held 43.7% interest in Drivestream Inc. and 27% interest in SDVerse LLC, accounted for using the equity method.

The list of controlled trusts are:

Name of the entity Country of incorporation
Wipro Equity Reward Trust India
Wipro<br>Foundation India
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.

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

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

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

IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.

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

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

6

Information on reportable segments for the three months ended March 31, 2025, December 31, 2024, March 31, 2024, and year ended March 31, 2025 and March 31, 2024 are as follows:

Particulars Three months ended Year ended
March31, 2025 December31, 2024 March31, 2024 March31, 2025 March31, 2024
Audited Audited Audited Audited Audited
Segment revenue
IT Services
Americas 1 73,721 72,010 67,229 281,824 268,230
Americas 2 68,582 68,120 67,724 271,972 269,482
Europe 58,552 59,282 61,344 240,077 253,927
APMEA 23,598 23,439 24,499 94,351 102,177
Total of IT Services **** 224,453 **** 222,851 **** 220,796 **** 888,224 **** 893,816
IT<br>Products 813 747 1,159 2,692 4,127
Total segment revenue **** 225,266 **** 223,598 **** 221,955 **** 890,916 **** 897,943
Segment result
IT Services
Americas 1 16,195 14,966 14,081 58,186 59,364
Americas 2 15,513 15,275 15,791 61,326 59,163
Europe 8,140 7,600 7,933 29,434 33,354
APMEA 3,672 3,667 3,401 12,850 12,619
Unallocated (4,250 ) (2,518 ) (5,011 ) (10,157 ) (20,304 )
Total of IT Services **** 39,270 **** 38,990 **** 36,195 **** 151,639 **** 144,196
IT Products 28 29 143 (173 ) (371 )
Reconciling Items (211 ) (53 ) (965 ) (195 ) (7,726 )
Total segment result **** 39,087 **** 38,966 **** 35,373 **** 151,271 **** 136,099
Finance expenses (3,767 ) (4,146 ) (3,308 ) (14,770 ) (12,552 )
Finance and other income 11,819 9,708 6,759 38,202 23,896
Share of<br>net profit/ (loss) of associate and joint venture accounted for using the equity method 291 5 (202 ) 254 (233 )
Profit before tax **** 47,430 **** 44,533 **** 38,622 **** 174,957 **** 147,210

Notes:

a) “Reconciling Items” includes elimination of inter-segment transactions and other corporate<br>activities.
b) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.<br>
--- ---
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 ₹ 224, ₹ 410, and ₹ (128) for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024 respectively, ₹ 32 and ₹ 340 for the year ended March 31, 2025 and March 31, 2024, respectively, which is reported<br>under foreign exchange gains/(losses), net in the consolidated financial results.
--- ---
d) Restructuring cost of<br>₹ Nil and ₹ 6,814 for the three months and year ended March 31, 2024,<br>respectively, is included under Reconciling Items.
--- ---
e) Reconciling Items for the three months and year ended March 31, 2024 includes employee costs of ₹ 921 towards outgoing CEO and Managing Director.
--- ---
f) “Unallocated” within IT Services segment results is after recognition of the below:<br>
--- ---
Three months ended Year ended
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
March31, 2025 December31, 2024 March31, 2024 March31, 2025 March31, 2024
Amortization and impairment expenses on intangible assets 1,631 1,577 2,569 7,909 11,756
Change in<br>fair value of contingent consideration (2 ) - (792 ) (169 ) (1,300 )

Segment results of IT Services segment for the three months and year ended March 31, 2024 are after considering additional amortization due to change in estimate of useful life of the customer-related intangibles in an earlier Business combination.

g) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,195, ₹ 1,712 and<br>₹ 1,293 for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively and ₹ 5,542 and ₹ 5,590 for the year ended March 31, 2025 and March 31, 2024 respectively.<br>
h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and<br>equipment of ₹ 160, ₹ 77 and ₹ 102 for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively, and<br>₹ (606) and ₹ (2,072) for the year ended March 31, 2025 and<br>March 31, 2024 respectively.
--- ---

7

7. During the year ended March 31, 2025 and 2024, decline in revenue and earnings estimates led to<br>revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of ₹ Nil, ₹ Nil and ₹ 808<br>for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, ₹ 1,155 and ₹ 1,701 for the year ended March 31, 2025 and 2024, as part of amortization and impairment.
8. Buyback of equity shares
--- ---

During the year ended March 31, 2024, the Company concluded the buyback of 269,662,921 equity shares (at a price of ₹ 445 per equity share) as approved by the Board of Directors on April 27, 2023. This has resulted in a total cash outflow of ₹ 145,173 (including tax on buyback of ₹ 24,783 and transaction costs related to buyback of ₹ 390). In line with the requirement of the Companies Act, 2013, an amount of ₹ 3,768 and ₹ 141,405 has been utilized from share premium and retained earnings respectively. Further, capital redemption reserve (included in other reserves) of ₹ 539 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buyback, the paid-up equity share capital has reduced by ₹ 539.

Earnings per share for each of the three months ended June 30, 2023, September 30, 2023, December 31, 2023 and March 31, 2024 will not add up to earnings per share for the year ended March 31, 2024, on account of buyback of equity shares.

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, share premium and retained earnings to the share capital.

Earnings per share for all prior periods have been proportionately adjusted for the 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).

10. Consolidated Balance Sheet:
As at March 31, 2024 As at March 31, 2025
--- --- --- --- ---
ASSETS
Goodwill 316,002 325,014
Intangible assets 32,748 27,450
Property, plant and equipment 81,608 80,684
Right-of-Use<br>assets 17,955 25,598
Financial assets
Derivative assets 25 ^
Investments 21,629 26,458
Trade receivables 4,045 299
Other financial assets 5,550 4,664
Investments accounted for using the equity method 1,044 1,327
Deferred tax assets 1,817 2,561
Non-current tax assets 9,043 7,230
Other non-current assets 10,331 7,460
Total non-current assets **** 501,797 **** 508,745
Inventories 907 694
Financial assets
Derivative assets 1,333 1,820
Investments 311,171 411,474
Cash and cash equivalents 96,953 121,974
Trade receivables 115,477 117,745
Unbilled receivables 58,345 64,280
Other financial assets 10,536 8,448
Contract assets 19,854 15,795
Current tax assets 6,484 6,417
Other current assets 29,602 29,128
Total current assets **** 650,662 **** 777,775
TOTAL ASSETS **** 1,152,459 **** 1,286,520

8

EQUITY
Share capital 10,450 20,944
Share premium 3,291 2,628
Retained earnings 630,936 716,477
Share-based payment reserve 6,384 6,985
Special Economic Zone Re-investment reserve 42,129 27,778
Other components of equity 56,693 53,497
Equity attributable to the equity holders of the Company 749,883 828,309
Non-controlling interests 1,340 2,138
TOTAL EQUITY 751,223 830,447
LIABILITIES
Financial liabilities
Loans and borrowings 62,300 63,954
Lease liabilities 13,962 22,193
Derivative liabilities 4 -
Other financial liabilities 4,985 7,793
Deferred tax liabilities 17,467 16,443
Non-current tax liabilities 37,090 42,024
Other non-current liabilities 12,970 17,119
Provisions - 294
Total non-current liabilities 148,778 169,820
Financial liabilities
Loans, borrowings and bank overdrafts 79,166 97,863
Lease liabilities 9,221 8,025
Derivative liabilities 558 968
Trade payables and accrued expenses 88,566 88,252
Other financial liabilities 2,272 3,878
Contract liabilities 17,653 20,063
Current tax liabilities 21,756 34,481
Other current liabilities 31,295 31,086
Provisions 1,971 1,637
Total current liabilities 252,458 286,253
TOTAL LIABILITIES 401,236 456,073
TOTAL EQUITY AND LIABILITIES 1,152,459 1,286,520

^ Value is less than 0.5

11. Consolidated statement of cash flows:
Year ended March 31,
--- --- --- --- --- --- ---
2024 2025
Cash flows from operating activities
Profit for the year 111,121 132,180
Adjustments to reconcile profit for the year to net cash generated from operating activities:
Gain on sale of property, plant and equipment, net (2,072 ) (606 )
Depreciation, amortization and impairment expense 34,071 29,579
Unrealized exchange (gain)/loss, net 655 (623 )
Share-based compensation expense 5,584 5,551
Share of net (profit)/loss of associate and joint venture accounted for using equity<br>method 233 (254 )
Income tax expense 36,089 42,777
Finance and other income, net of finance expenses (11,344 ) (23,432 )
Change in fair value of contingent consideration (1,300 ) (169 )
Lifetime expected credit loss 640 324
Other non-cash items 488 —
Changes in operating assets and liabilities, net of effects from acquisitions
(Increase)/Decrease in trade receivables 7,824 1,894
(Increase)/Decrease in unbilled receivables and contract assets 5,919 (1,331 )
(Increase)/Decrease in Inventories 287 213
(Increase)/Decrease in other financial assets and other assets 8,869 6,609
Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities<br>and provisions (435 ) 548
Increase/(Decrease) in contract liabilities (5,053 ) 2,341
Cash generated from operating activities before taxes **** 191,576 **** 195,601

9

Income taxes paid, net (15,360 ) (26,175 )
Net cash generated from operating activities 176,216 169,426
Cash flows from investing activities:
Payment for purchase of property, plant and equipment (10,510 ) (14,737 )
Proceeds from disposal of property, plant and equipment 4,022 1,822
Payment for purchase of investments (975,069 ) (801,582 )
Proceeds from sale of investments 978,598 706,520
Payment for business acquisitions including deposits and escrow, net of cash acquired (5,291 ) (964 )
Payment for investment in joint venture (484 ) -
Repayment of security deposit for property, plant and equipment 300 (300 )
Interest received 20,111 26,212
Dividend received 3 2,299
Net cash generated from/(used in) investing activities 11,680 (80,730 )
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment 13 27
Repayment of loans and borrowings (130,557 ) (177,672 )
Proceeds from loans and borrowings 120,500 195,595
Payment of lease liabilities (10,060 ) (10,474 )
Payment for contingent consideration (1,294 ) -
Interest and finance expenses paid (10,456 ) (8,689 )
Payment of dividend (5,218 ) (62,750 )
Payment of dividend to Non-controlling interest<br>holders (322 ) -
Payment for buyback of equity shares, including tax and transaction cost (145,173 ) -
Net cash used in financing activities (182,567 ) (63,963 )
Net increase/(decrease) in cash and cash equivalents during the year 5,329 24,733
Effect of exchange rate changes on cash and cash equivalents (239 ) 290
Cash and cash equivalents at the beginning of the year 91,861 96,951
Cash and cash equivalents at the end of the year 96,951 121,974
By order of the Board, For, Wipro Limited
--- ---
Place: Bengaluru<br><br><br>Date: April 16, 2025 Rishad A. Premji<br><br><br>Chairman

10

EX-99.5

Exhibit 99.5

LOGO

Wipro Limited Highlights for the Quarter ended March 31, 2025 REVENUE QoQ Constant YoY Constant Operating $2.60 Bn Currency Currency Margin 0.8% 1.2% 17.5% STRATEGIC MARKET UNITS MIX 32.8% AMERICAS 1 30.6% AMERICAS 2 26.1% EUROPE 10.5% APMEA SECTOR MIX 34.2% 18.9% 17.3% 15.2% 14.4% Banking, Consumer Technology & Energy, Health Financial Communications Manufacturing Services & Resources & Insurance TOTAL $4.0 Bn Operating EPS ₹ 3.4 Cash Flow $439 Mn BOOKINGS 10.5% YoY CC 6.2% QoQ Operating LARGE DEAL $1.8 Bn cash 104.4% TCV 25.8% YoY Flow/Net 48.5% YoY CC Income Revenue from our IT Services business segment to be in the range of OUTLOOK $2,505 million to $2,557 million*. This translates to sequential guidance of for the Quarter ending (-)3.5% to (-)1.5% in constant currency terms. June 30, 2025 *Outlook for the Quarter ending June 30, 2025, is based on the following exchange rates: GBP/USD at 1.26, Euro/USD at 1.05, AUD/USD at 0.63, USD/INR at 86.60 and CAD/USD at 0.70 CUSTOMER CONCENTRATION TOP1 4.4% 14.5% TOP 10 24.2% TOP 5 TOTAL HEADCOUNT 233,346 ATTRITION VOL – TTM 15.0% NET UTILIZATION 84.6% OFFSHORE REVENUE 62.1% EXCLUDING TRAINEES PERCENTAGE OF SERVICES P a g e 1

LOGO

Wipro Limited Highlights for the Year ended March 31, 2025 REVENUE YoY Reported YoY Constant Operating $10.5 Bn Currency Currency Margin 2.7% 2.3% 17.1% STRATEGIC MARKET UNITS MIX 31.7% AMERICAS 1 30.6% AMERICAS 2 27.1% EUROPE 10.6% APMEA SECTOR MIX 34.3% 19.1% 17.2% 15.3% 14.1% Banking, Consumer Technology & Energy, Health Financial Communications Manufacturing Services & Resources & Insurance TOTAL $14.3 Bn Operating EPS ₹ 12.6 Cash Flow $1,983 Mn BOOKINGS 3.8% YoY CC 20.3% YoY Operating LARGE DEAL $5.4 Bn cash 128.2% TCV Flow/Net 17.5% YoY CC Income The interim dividend of ₹ 6 declared by the Board at its meeting CAPITAL ALLOCATION held on January 17th, 2025 shall be considered as final dividend for the financial year 2024-25. CUSTOMER CONCENTRATION TOP1 4.3% 14.0% TOP 10 23.3% TOP 5 TOTAL HEADCOUNT 233,346 ATTRITION VOL – TTM 15.0% OFFSHORE REVENUE NET UTILIZATION 85.6% 60.1% PERCENTAGE OF SERVICES EXCLUDING TRAINEES P a g e 2

LOGO

Wipro Limited Results for the Quarter and Year ended March 31, 2025 FY 24 – 25 FY 23 – 24 A IT Services FY Q4 Q3 Q2 Q1 FY Q4 IT Services Revenues ($Mn) 10,511.5 2,596.5 2,629.1 2,660.1 2,625.9 10,805.3 2,657.4 Sequential Growth -2.7% -1.2% -1.2% 1.3% -1.2% -3.8% 0.1% Sequential Growth in Constant Currency Note 1 -2.3% -0.8% 0.1% 0.6% -1.0% -4.4% -0.3% Operating Margin % Note 2 17.1% 17.5% 17.5% 16.8% 16.5% 16.1% 16.4% Strategic Market Units Mix Americas 1 31.7% 32.8% 32.3% 30.8% 30.9% 30.0% 30.4% Americas 2 30.6% 30.6% 30.6% 30.6% 30.8% 30.1% 30.7% Europe 27.1% 26.1% 26.7% 27.9% 27.6% 28.4% 27.8% APMEA 10.6% 10.5% 10.4% 10.7% 10.7% 11.5% 11.1% Sectors Mix Banking, Financial Services and Insurance 34.3% 34.2% 34.1% 34.8% 34.0% 33.4% 33.5% Consumer 19.1% 18.9% 19.0% 19.2% 19.2% 18.8% 18.7% Energy, Manufacturing & Resources 17.2% 17.3% 16.9% 17.0% 17.6% 18.7% 18.5% Technology and Communications 15.3% 15.2% 15.3% 15.4% 15.3% 15.9% 15.2% Health 14.1% 14.4% 14.7% 13.6% 13.9% 13.2% 14.1% Total Bookings Total Bookings TCV ($Mn) Note 3 14,315 3,955 3,514 3,561 3,284 14,907 3,607 Large deal TCV ($Mn) Note 4 5,368 1,763 961 1,489 1,154 4,573 1,191 Guidance ($Mn) — 2,602—2,655 2,607—2,660 2,600—2,652 2,617-2,670 - 2,615–2,669 Guidance restated based on — 2,591 – 2,644 2,575 – 2,628 2,618 – 2,670 2,612-2,665 - 2,624–2,678 actual currency realized ($Mn) Revenues performance against guidance — 2,597 2,629 2,660 2,626 - 2,657 P a g e 3

LOGO

($Mn) FY 24 – 25 FY 23– 24 FY Q4 Q3 Q2 Q1 FY Q4 Customer size distribution (TTM) > $100Mn 17 17 18 21 22 22 22 > $75Mn 28 28 30 30 29 32 32 > $50Mn 44 44 42 42 43 45 45 > $20Mn 111 111 114 117 117 116 116 > $10Mn 181 181 187 186 192 205 205 > $5Mn 289 289 290 297 301 301 301 > $3Mn 398 398 403 411 407 409 409 > $1Mn 716 716 722 733 735 741 741 Revenue from Existing customers % 99.0% 98.1% 98.8% 99.4% 99.7% 98.9% 97.8% Number of new customers 197 63 63 28 43 229 60 Total Number of active customers 1,282 1,282 1,299 1,342 1,364 1,371 1,371 Customer Concentration Top customer 4.3% 4.4% 4.5% 4.1% 4.0% 3.0% 3.8% Top 5 14.0% 14.5% 14.3% 14.0% 13.6% 13.0% 13.4% Top 10 23.3% 24.2% 23.7% 22.9% 22.5% 21.4% 22.0% % of Revenue USD 62% 63% 62% 61% 61% 60% 60% GBP 10% 10% 10% 11% 11% 11% 11% EUR 10% 9% 10% 10% 10% 10% 10% INR 4% 4% 4% 4% 4% 5% 5% AUD 4% 3% 4% 4% 4% 4% 4% CAD 3% 3% 3% 3% 3% 3% 3% Others 7% 8% 7% 7% 7% 7% 7% Closing Employee Count 233,346 233,346 232,732 233,889 232,911 232,614 232,614 Sales & Support Staff (IT Services) 15,230 15,230 15,311 15,336 15,539 15,601 15,601 Utilization Note 5 Net Utilization (Excluding Trainees) 85.6% 84.6% 83.5% 86.4% 87.7% 84.8% 86.9% Attrition Voluntary TTM (IT Services excl. DOP) 15.0% 15.0% 15.3% 14.5% 14.1% 14.2% 14.2% DOP % — Post Training Quarterly 7.8% 7.7% 7.1% 7.9% 8.3% 9.1% 8.9% P a g e 4

LOGO

FY 24 – 25 FY 23– 24 B Revenue Mix Note 5 FY Q4 Q3 Q2 Q1 FY Q4 Revenue from FPP 56.6% 55.5% 56.7% 56.7% 57.6% 59.2% 58.9% Offshore Revenue — % of Services 60.1% 62.1% 60.8% 59.8% 57.9% 59.9% 60.4% Growth Metrics C Note 1 for the Quarter and Year ended March 31, 2025 Q4’25 Q4’25 Q4’25 Q4’25 FY’25 FY’25 Reported Reported CC CC Reported CC QoQ% YoY% QoQ% YoY% YoY% YoY% IT Services -1.2% -2.3% -0.8% -1.2% -2.7% -2.3% Strategic Market Units Americas 1 0.3% 5.4% 0.2% 6.0% 2.8% 3.2% Americas 2 -1.2% -2.7% -1.0% -1.8% -1.1% -0.7% Europe -3.3% -8.3% -2.5% -6.9% -7.4% -7.1% APMEA -0.7% -7.3% 1.0% -4.9% -9.8% -8.9% Sectors Banking, Financial Services and Insurance -1.0% -0.2% -0.5% 0.8% -0.3% -0.1% Consumer -1.6% -1.2% -1.3% 0.0% -0.9% -0.4% Energy, Manufacturing & Resources 0.6% -8.7% 1.1% -7.0% -10.5% -9.6% Tech and Comms -1.5% -2.4% -0.9% -1.1% -6.5% -5.9% Health -3.1% -0.2% -3.1% 0.1% 4.0% 4.1% Annexure to Datasheet Segment-wise breakup of D Q4 FY24-25 (INR Mn) Cost of Revenues, S&M and G&A Reconciling Particulars IT Services IT Products Total Items Cost of revenues 154,463 856 206 155,525 Selling and marketing expenses 15,096 -33 2 15,065 General and administrative expenses 15,624 -38 3 15,589 Total 185,183 785 211 186,179 Note 1: Constant currency (CC) for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period Note 2: IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials Note 3: Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and changes to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 1 Note 4: Large deal bookings constitute of deals greater than or equal to $30 million in total contract value terms Note 5: IT Services excluding DOP (Digital Operations and Platforms) and entities which are not integrated in Wipro limited systems at the beginning of current fiscal year. P a g e 5

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