Wipro Ltd 6-K, filed Jan 21, 2026
Wipro Ltd (WIT)
About this 6-K
Wipro Ltd filed this 6-K on January 21, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of January 2026
Commission File Number 001-16139
Wipro Limited
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English)
Karnataka, India
(Jurisdiction of incorporation or organization)
Doddakannelli
Sarjapur Road
Bangalore, Karnataka 560035, India +91-80-2844-0011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-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.
OUTCOME OF BOARD MEETING
Wipro Limited, a company organized under the laws of the Republic of India (the “Company”), hereby furnishes the Commission with the following information relating to the outcome of the meeting of the Board of Directors of the Company (the “Board”) held over January 15-16, 2026. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
On January 16, 2026, the Company informed the securities exchanges in India on which its securities are listed and the New York Stock Exchange (together, the “Exchanges”) that the Board approved an interim dividend of Rs. 6 per equity share of par value Rs. 2 each to the Members of the Company as on January 27, 2026, payment of which will be made on or before February 14, 2026. The Company also informed the Exchanges that the Board approved the financial results of the Company for the quarter ended December 31, 2025. A copy of such letter to the Exchanges is attached hereto as Item 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.
| WIPRO LIMITED |
| /s/ M. Sanaulla Khan |
| M. Sanaulla Khan |
| Senior Vice President and Company Secretary |
Dated: January 21, 2026
Exhibit 99.1
January 16, 2026
The Manager- Listing
National Stock Exchange of India Limited
(NSE: WIPRO)
The Manager- Listing
BSE Limited
(BSE: 507685)
The Market Operations
NYSE, New York
(NYSE: WIT)
Dear Sir/Madam,
Sub: Outcome of Board Meeting
The Board of Directors (“Board”) of Wipro Limited (“Company”), have at their meeting held over January 15-16, 2026, considered and approved the following:
| 1. | Financial results of the Company for the quarter ended December 31, 2025, as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
| 2. | Payment of interim dividend of ₹ 6/- per equity share of par value ₹ 2/- each to the Members of the Company as on January 27, 2026, being the Record Date. The payment of Interim Dividend will be made on or before February 14, 2026. |
Please find enclosed the Audited Standalone and Consolidated financial results under IndAS and Audited Consolidated financial results under IFRS for the quarter ended December 31, 2025, together with the Auditor’s Report, as approved by the Board today. The financial results are also being made available on the Company’s website at www.wipro.com.
The Board Meeting commenced on January 15, 2026 at 3 PM. The Board of Directors finally approved the financial results for the said period at their meeting held on January 16, 2026, which concluded at 3:35 PM.
Thanking You,
For Wipro Limited
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| M Sanaulla Khan Company Secretary | ||
ENCL: As above
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Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India
Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 |
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF STANDALONE FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Standalone Financial Results of WIPRO LIMITED (“the Company”), for the three and nine months ended December 31, 2025 (the “Statement”/ “Standalone Financial Results”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
| a. | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and |
| b. | gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the three and nine months ended December 31, 2025. |
Basis for Opinion
We conducted our audit of the Standalone Financial Results in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Results section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results under the provisions of the Act and the Rules thereunder and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors, and has been approved by them for the issuance. The Statement has been compiled from the related audited Interim Condensed Standalone Financial Statements for the three and nine months ended December 31, 2025. The Company’s Board of Directors are responsible for the preparation and presentation of the Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company in accordance with the recognition and measurement principles laid down in Ind AS 34 prescribed under section 133 of the Act, read with relevant rules issued
Regd, Office: One international Center, Tower 3, 32nd floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India, Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Standalone Financial Results, the Management and Board of Directors is responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the financial reporting process of the Company.
Auditor’s Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. |
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. |
| • | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations. |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. |
| • | Evaluate the overall presentation, structure and content of the Standalone Financial Results, including the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| • | Obtain sufficient appropriate audit evidence regarding the Standalone Financial Results of the Company to express an opinion on the Standalone Financial Results. |
Materiality is the magnitude of misstatements in the Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Standalone Financial Results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
| For DELOITTE HASKINS & SELLS LLP |
| Chartered Accountants |
| (Firm’s Registration No. 117366W/W- 100018) |
|
| Anand Subramanian |
| Partner |
| (Membership No. 110815) |
| UDIN: |
Bengaluru, January 16, 2026
WIPRO LIMITED
CIN-L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakannelli, Sarjapur Road,
BengaIuru-560035, India
Website : www.wipro.com ; Email: info@wipro.com ; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054
AUDITED STANDALONE FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS
ENDED DECEMBER 31, 2025 UNDER Ind AS
(₹ in millions, except share and per share data, unless otherwise stated)
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||||
| Particulars |
December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
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| Income |
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| I |
Revenue from operations |
180,169 | 177,700 | 171,241 | 529,823 | 511,456 | 685,750 | |||||||||||||||||||
| II |
Other income |
10,284 | 8,923 | 7,937 | 39,630 | 25,456 | 39,477 | |||||||||||||||||||
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| III |
Total Income (I+II) |
190,453 | 186,623 | 179,178 | 569,453 | 536,912 | 725,227 | |||||||||||||||||||
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| IV |
Expenses | |||||||||||||||||||||||||
| a) Purchases of stock-in-trade |
947 | 987 | 289 | 2,202 | 1,525 | 2,113 | ||||||||||||||||||||
| b) Changes in inventories of stock-in-trade |
(45 | ) | (146 | ) | 257 | (57 | ) | 117 | 90 | |||||||||||||||||
| c) Employee benefits expense |
98,496 | 98,468 | 96,002 | 291,956 | 288,254 | 383,850 | ||||||||||||||||||||
| d) Finance costs |
2,753 | 2,827 | 2,862 | 8,041 | 7,481 | 10,018 | ||||||||||||||||||||
| e) Depreciation, amortisation and impairment expense |
3,563 | 3,510 | 3,598 | 10,694 | 11,128 | 15,013 | ||||||||||||||||||||
| f) Sub-contracting and technical fees |
30,886 | 30,911 | 28,463 | 92,878 | 83,907 | 112,812 | ||||||||||||||||||||
| g) Facility expenses |
3,229 | 2,728 | 2,915 | 9,313 | 9,063 | 12,350 | ||||||||||||||||||||
| h) Travel |
2,432 | 2,766 | 2,475 | 8,399 | 8,956 | 11,646 | ||||||||||||||||||||
| i) Communication |
573 | 609 | 542 | 1,740 | 1,694 | 2,335 | ||||||||||||||||||||
| j) Legal and professional charges |
1,638 | 1,818 | 1,713 | 4,460 | 4,903 | 7,189 | ||||||||||||||||||||
| k) Software license expense for internal use |
4,527 | 4,264 | 4,121 | 12,802 | 11,829 | 16,023 | ||||||||||||||||||||
| 1) Marketing and brand building |
636 | 787 | 912 | 2,200 | 2,284 | 3,117 | ||||||||||||||||||||
| m) Other expenses |
2,871 | 1,947 | 355 | 6,555 | 297 | 2,546 | ||||||||||||||||||||
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| Total Expenses (IV) |
152,506 | 151,476 | 144,504 | 451,183 | 431,438 | 579,102 | ||||||||||||||||||||
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| V |
Profit before tax (III-IV) | 37,947 | 35,147 | 34,674 | 118,270 | 105,474 | 146,125 | |||||||||||||||||||
| VI |
Tax expense | |||||||||||||||||||||||||
| a) Current tax |
8,605 | 9,783 | 9,149 | 27,347 | 27,958 | 39,934 | ||||||||||||||||||||
| b) Deferred tax |
1,520 | (778 | ) | (2,883 | ) | (2 | ) | (2,386 | ) | (2,940 | ) | |||||||||||||||
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| Total tax expense (VI) |
10,125 | 9,005 | 6,266 | 27,345 | 25,572 | 36,994 | ||||||||||||||||||||
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| VII |
Profit for the period (V-VI) |
27,822 | 26,142 | 28,408 | 90,925 | 79,902 | 109,131 | |||||||||||||||||||
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| VIII |
Other comprehensive income (OCI) |
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| Items that will not be reclassified to profit or loss: |
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| Re-measurements of the defined benefit plans, net |
(293 | ) | 303 | (331 | ) | (173 | ) | 372 | 316 | |||||||||||||||||
| Net change in fair value of investment in equity instruments measured at fair value through OCI |
155 | (13 | ) | (12 | ) | 141 | (4 | ) | (9 | ) | ||||||||||||||||
| Deferred taxes relating to items that will not be reclassified to profit or loss |
72 | (72 | ) | 81 | 45 | (97 | ) | (73 | ) | |||||||||||||||||
| Items that will be reclassified to profit or loss: |
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| Net change in time value of option contracts designated as cash flow hedges |
186 | 73 | 360 | (102 | ) | (123 | ) | (248 | ) | |||||||||||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges |
81 | (987 | ) | (231 | ) | (681 | ) | (254 | ) | 193 | ||||||||||||||||
| Net change in fair value of forward contracts designated as cash flow hedges |
(613 | ) | (2,362 | ) | (1,486 | ) | (2,930 | ) | (1,926 | ) | (787 | ) | ||||||||||||||
| Net change in fair value of investment in debt instruments measured at fair value through OCI |
(583 | ) | (643 | ) | 78 | (526 | ) | 751 | 1,189 | |||||||||||||||||
| Deferred taxes relating to items that will be reclassified to profit or loss |
158 | 895 | 314 | 963 | 445 | (24 | ) | |||||||||||||||||||
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| Total other comprehensive income for the period, net of taxes |
(837 | ) | (2,806 | ) | (1,227 | ) | (3,263 | ) | (836 | ) | 557 | |||||||||||||||
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| IX |
Total comprehensive income for the period (VII+VIII) |
26,985 | 23,336 | 27,181 | 87,662 | 79,066 | 109,688 | |||||||||||||||||||
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| X |
Paid up equity share capital (Par value ₹2 per share) |
20,974 | 20,968 | 20,938 | 20,974 | 20,938 | 20,944 | |||||||||||||||||||
| XI |
Reserve excluding revaluation reserves as per balance sheet |
613,930 | ||||||||||||||||||||||||
| XII |
Earnings per equity share |
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| (Equity shares of par value ₹2/- each) |
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| (EPS for the three and nine months ended periods are not annualised) |
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| Basic (in ₹) |
2.66 | 2.50 | 2.71 | 8.69 | 7.64 | 10.44 | ||||||||||||||||||||
| Diluted (in ₹) |
2.65 | 2.49 | 2.71 | 8.66 | 7.62 | 10.40 |
| 1. | The audited standalone financial results for the three and nine months ended December 31, 2025 have been approved by the Board of Directors of the Company at its meeting held on January 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit report with unmodified opinion on the standalone financial results for the three and nine months ended December 31, 2025. |
| 2. | The above audited standalone financial results have been prepared on the basis of the audited interim condensed standalone financial statements, which are prepared in accordance with Indian Accounting Standards (“Ind AS”), the provisions of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS. are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the standalone financial results (including notes) are reported in millions of Indian Rupees (₹ in millions) except share and per share data, unless otherwise stated. |
| 3. | Vide its order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited, As per the said scheme, the appointed date is April 1,2025. The Scheme has-been accounted for under the “Pooling of Interests Method” as prescribed under Appendix C of Ind AS 103, “Business. Combinations” as per the terms of the court order. Prior period numbers have been restated to give effect as if this merger had occurred from the beginning of the preceding period in the financial statements i.e. April 01, 2024. |
Accordingly, the carrying value of assets, liabilities and reserves pertaining to these entities as appearing in the consolidated financials statements of Wipro Limited has been recognised in the Standalone financial statements of Wipro Limited on account of merger effective April 01, 2024.
| 4. | The Company publishes these standalone financial results along with the consolidated financial results. In accordance with Ind AS 108, “Operating Segments”, the Company has disclosed the segment information in the interim condensed consolidated financial statements and is incorporated in the consolidated financial results. |
| 5. | Gain/(loss) on sale of property, plant and equipment, for the nine months ended December 31, 2025, includes gain on transfer of building of ₹ 405 and for the nine months ended December 31, 2024 and year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ 885. |
| 6. | Other expenses are net of insurance claim received of ₹ 1,805 for the nine months ended December 31, 2024 and year ended March 31, 2025. |
| 7. | 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, oh December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserve, securities premium and retained earnings to the share capital.
| 8. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
The implementation of the Labour Codes has resulted in an increase of ₹ 2,915 in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current reporting period. The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required.
2
| 9. | Events after the reporting period |
The Board of Directors in their meeting held on January 16, 2026, declared an interim dividend of ₹ 6/- (U.S.$ 0.07) per equity share and ADR (300% on an equity share of par value of ₹ 2/-).
| By order of the Board, | For, Wipro Limited | |
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| Place: Bengaluru | Rishad A. Premji | |
| Date: January 16, 2026 | Chairman | |
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Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India
Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 |
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of WIPRO LIMITED (the “Company”) and its subsidiaries (the Company and its subsidiaries together referred to as “the Group”) for the three and nine months ended December 31, 2025 (“the Statement”/” Consolidated Financial Results”) being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
| a. | includes the financial results of the entities as listed in note 5 to the Statement; |
| b. | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and |
| c. | gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act 2013 (“the Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the three and nine months ended December 31, 2025. |
Basis for Opinion
We conducted our audit of the Consolidated Financial Results in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section below. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results under the provisions of the Act and the Rules thereunder and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations.
Regd. Office: One International Center, Tower 3, 32nd floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of Consolidated Financial Results by the Directors of the Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. |
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. |
| • | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations. |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. |
| • | Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| • | Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of entities included in the Consolidated Financial Results. |
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results,
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Anand Subramanian
Partner
(Membership No. 110815)
UDIN:
Bengaluru, January 16, 2026
WIPRO LIMITED
CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakannelli, Sarjapur Road,
Bengaluru - 560035, India
Website: www.wipro.com; Email id – info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED
DECEMBER 31, 2025 UNDER IND AS
(₹ in millions, except share and per share data, unless otherwise stated)
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||||
| Particulars |
December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
||||||||||||||||||||
| Income | ||||||||||||||||||||||||||
| I | Revenue from operations | 235,558 | 226,973 | 223,188 | 683,877 | 665,842 | 890,884 | |||||||||||||||||||
| II | Other income | 10,053 | 9,477 | 10,041 | 30,195 | 26,957 | 38,840 | |||||||||||||||||||
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| III | Total Income (I+II) | 245,611 | 236,450 | 233,229 | 714,072 | 692,799 | 929,724 | |||||||||||||||||||
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| IV | Expenses | |||||||||||||||||||||||||
| a) Purchases of stock-in-trade |
2,476 | 1,056 | 459 | 4,077 | 2,157 | 2,967 | ||||||||||||||||||||
| b) Changes in inventories of stock-in-trade |
(15 | ) | (172 | ) | 318 | (66 | ) | 164 | 195 | |||||||||||||||||
| c) Employee benefits expense |
142,009 | 136,163 | 133,035 | 412,447 | 400,023 | 533,477 | ||||||||||||||||||||
| d) Finance costs |
3,656 | 3,612 | 4,146 | 10,876 | 11,003 | 14,770 | ||||||||||||||||||||
| e) Depreciation, amortisation and impairment expense |
8,050 | 6,917 | 6,765 | 21,822 | 22,362 | 29,579 | ||||||||||||||||||||
| f) Sub-contracting and technical fees |
27,667 | 26,498 | 25,903 | 79,743 | 75,252 | 100,148 | ||||||||||||||||||||
| g) Facility expenses |
4,087 | 3,519 | 3,884 | 11,804 | 11,954 | 16,067 | ||||||||||||||||||||
| h) Travel |
3,054 | 3,338 | 3,164 | 10,180 | 10,937 | 14,095 | ||||||||||||||||||||
| i) Communication |
831 | 891 | 871 | 2,519 | 2,943 | 3,842 | ||||||||||||||||||||
| j) Legal and professional charges |
2,836 | 2,813 | 2,842 | 7,538 | 8,137 | 11,270 | ||||||||||||||||||||
| k) Software license expense for internal use |
5,701 | 5,253 | 5,080 | 15,915 | 14,387 | 19,338 | ||||||||||||||||||||
| 1) Marketing and brand building |
774 | 900 | 1,032 | 2,557 | 2,674 | 3,591 | ||||||||||||||||||||
| m) Lifetime expected credit loss/ (write-back) |
973 | 1,507 | (608 | ) | 2,982 | (41 | ) | 324 | ||||||||||||||||||
| n) Other expenses |
2,201 | 1,483 | 1,810 | 5,162 | 3,283 | 5,358 | ||||||||||||||||||||
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| Total Expenses | 204,300 | 193,778 | 188,701 | 587,556 | 565,235 | 755,021 | ||||||||||||||||||||
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| V | Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 28 | 152 | 5 | 230 | (37 | ) | 254 | ||||||||||||||||||
| VI | Profit before tax (III-IV+V) | 41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | |||||||||||||||||||
| VII | Tax expense | |||||||||||||||||||||||||
| a) Current tax | 8,279 | 11,334 | 10,829 | 29,664 | 32,349 | 45,405 | ||||||||||||||||||||
| b) Deferred tax | 1,610 | (1,134 | ) | 37 | (357 | ) | (1,121 | ) | (2,628 | ) | ||||||||||||||||
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| Total tax expense | 9,889 | 10,200 | 10,866 | 29,307 | 31,228 | 42,777 | ||||||||||||||||||||
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| VIII | Profit for the period (VI-VII) | 31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||||||||||||||
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| Other comprehensive income (OCI) | ||||||||||||||||||||||||||
| Items that will not be reclassified to profit or loss: | ||||||||||||||||||||||||||
| Remeasurements of the defined benefit plans, net | (317 | ) | 314 | (325 | ) | (320 | ) | 225 | 323 | |||||||||||||||||
| Net change, in fair value of investment in equity instruments measured at fair value through OCI | (422 | ) | (65 | ) | (506 | ) | (488 | ) | (669 | ) | (3,619 | ) | ||||||||||||||
| Deferred taxes relating to items that will not be reclassified to profit or loss | 77 | (73 | ) | 233 | 92 | 61 | 94 | |||||||||||||||||||
| Items that will be reclassified to profit or loss: | ||||||||||||||||||||||||||
| Foreign currency translation differences relating to foreign operations |
4,990 | 13,187 | 1,753 | 24,743 | 5,447 | 7,216 | ||||||||||||||||||||
| Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of profit and loss |
— | — | — | — | 14 | (41 | ) | |||||||||||||||||||
| Net change in time value of option contracts designated as cash flow hedges |
186 | 73 | 360 | (102 | ) | (123 | ) | (248 | ) | |||||||||||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges |
81 | (987 | ) | (231 | ) | (681 | ) | (254 | ) | 193 | ||||||||||||||||
| Net change in fair value of forward contracts designated as cash flow hedges |
(727 | ) | (2,362 | ) | (1,486 | ) | (3,093 | ) | (2,095 | ) | (993 | ) | ||||||||||||||
| Net change in fair value of investment in debt instruments measured at fair value through OCI |
(583 | ) | (643 | ) | 78 | (526 | ) | 751 | 1,189 | |||||||||||||||||
| Deferred taxes relating to items that will be reclassified to profit or loss |
186 | 896 | 314 | 1,005 | 493 | 34 | ||||||||||||||||||||
| IX | Total other comprehensive income for the period, net of taxes | 3,471 | 10,340 | 191 | 20,630 | 3,850 | 4,148 | |||||||||||||||||||
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| Total comprehensive income for the period (VIII+IX) | 34,921 | 42,964 | 33,858 | 118,069 | 100,149 | 136,328 | ||||||||||||||||||||
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1
| X |
Profit for the period attributable to: | |||||||||||||||||||||||||
| Equity holders of the Company | 31,190 | 32,462 | 33,538 | 96,956 | 95,658 | 131,354 | ||||||||||||||||||||
| Non-controlling interests | 260 | 162 | 129 | 483 | 641 | 826 | ||||||||||||||||||||
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| 31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||||||||||||||||
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| Total comprehensive income for the period attributable to: | ||||||||||||||||||||||||||
| Equity holders of the Company | 34,635 | 42,730 | 33,683 | 1,17,485 | 99,468 | 135,480 | ||||||||||||||||||||
| Non-controlling interests | 286 | 234 | 175 | 584 | 681 | 848 | ||||||||||||||||||||
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| 34,921 | 42,964 | 33,858 | 118,069 | 100,149 | 136,328 | |||||||||||||||||||||
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| XI |
Paid up equity share capital (Par value ₹2 per share) | 20,974 | 20,968 | 20,938 | 20,974 | 20,938 | 20,944 | |||||||||||||||||||
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| XII |
Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet | 802,697 | ||||||||||||||||||||||||
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| XIII |
Earnings per equity share (EPS) | |||||||||||||||||||||||||
| (Equity shares of par value ₹2/- each) (EPS for the three and nine months ended periods are not annualised) Basic (in ₹) |
2.98 | 3.10 | 3.21 | 9.26 | 9.15 | 12.56 | ||||||||||||||||||||
| Diluted (in ₹) | 2.97 | 3.09 | 3.20 | 9.23 | 9.13 | 12.52 |
| 1. | The audited consolidated financial results of the Company for the three and nine months ended December 31, 2025, have been approved by the Board of Directors of the Company at its meeting held on January 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion on the consolidated financial results for the three and nine months ended December 31,2025. |
| 2. | The above audited consolidated financial results have been prepared on the basis of the audited interim condensed consolidated financial statements for the three and nine months ended December 31, 2025, which are prepared in accordance with Indian Accounting Standards (“Ind AS”), the provisions, of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”).The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the consolidated financial results (including notes) are reported in millions of Indian Rupees (₹ in millions) except share and per share data, unless otherwise stated. |
| 3. | Gain/(loss) on sale of property, plant and equipment for the nine months ended December 31, 2025, includes gain on transfer of building of ₹ 405 and for the nine months ended December 31, 2024 and year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land,: and transfer of building along with other assets of ₹ 885. |
| 4. | Other expenses are net of insurance claim received ₹ 1,805 for the nine months ended December 31, 2024 and year ended March 31, 2025. |
| 5. | Employee benefits expense includes impact of past service cost on gratuity due to implementation of new labour code of ₹ 3,028 during the three and nine months ended December 31, 2025. |
| 6. | List of subsidiaries, associate and joint venture as at December 31, 2025 arc provided in the table below: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of Incorporation |
Holding | ||||||
| Attune Consulting India Private Limited |
India | 100.00 | % | |||||||
| Capco Technologies Private Limited |
India | 100.00 | % | |||||||
| Wipro Chengdu Limited |
China | 8.96 | % | |||||||
| Wipro.Holdings (UK) Limited |
Wipro Technologies SRL | U.K. Romania | |
100.00 ^ |
%
| |||||
| Wipro IT Services Bangladesh Limited |
Bangladesh | 100.00 | % | |||||||
| Wipro IT Services UK Societas |
Capco Consulting Middle East FZE(3) | U.K. UAE |
|
100.00 100.00 |
% % | |||||
| Designit A/S
Wipro Bahrain Limited Co. W.L.L |
Designit Denmark A/S Designit Germany GmbH Designit Oslo A/S Designit Spain Digital, S.L.U Designit T.L.V Ltd. |
Denmark Denmark Germany Norway Spain Israel Bahrain |
|
100.00 100.00 100:00 100.00 100.00 100.00 100.00 |
% % % % % % % | |||||
| Wipro Czech Republic IT Services s.r.o. | Czech Republic | 100.00 | % | |||||||
2
| Wipro CRM Services | Belgium | 100.00 | % | |||||||
| Wipro 4C Consulting France SAS | France | 100.00 | % | |||||||
| Wipro CRM Services B.V. | Netherlands | 100.00 | % | |||||||
| Wipro CRM Services ApS | Denmark | 100.00 | % | |||||||
| Wipro CRM Services UK. Limited | U.K. | 100.00 | % | |||||||
| Grove Holdings 2 S.a.r.I | Luxembourg | 100.00 | % | |||||||
| Capco Solution Services GmbH | Germany | 100.00 | % | |||||||
| The Capital Markets Company | Italy | 100.00 | % | |||||||
| Italy Srl | ||||||||||
| Capco Brasil Servicos E | Brazil | 99.99 | % | |||||||
| Consultoria Ltda | ||||||||||
| The Capital Markets Company | Belgium | 100.00 | % | |||||||
| BV(1) | ||||||||||
| PT. WT Indonesia | Indonesia | 99.60 | % | |||||||
| Rainbow Software LLC | Iraq | 100.00 | % | |||||||
| Wipro Arabia Limited | Saudi Arabia | 66.67 | % | |||||||
| Women’s Business Park | Saudi Arabia | 100.00 | % | |||||||
| Technologies Limited | ||||||||||
| Wipro Doha LLC | Qatar | 100.00 | % | |||||||
| Wipro Financial Outsourcing | U.K. | 100.00 | % | |||||||
| Services Limited | ||||||||||
| Wipro UK Limited | U.K. | 100.00 | % | |||||||
| Wipro Gulf LLC | Sultanate of Oman | 99.98 | % | |||||||
| Wipro Information Technology | Netherlands | 100.00 | % | |||||||
| Netherlands BV. | ||||||||||
| Wipro Gulf LLC | Sultanate of | 0.02 | % | |||||||
| Oman | ||||||||||
| Wipro Technologies SA | Argentina | 2.62 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | 0.03 | % | |||||||
| Wipro Technologies GmbH | Germany | 14.87 | % | |||||||
| Wipro Do Brasil Sistemas De | Brazil | 0.07 | % | |||||||
| Informatics Ltda | ||||||||||
| Wipro do Brasil Technologia | Brazil | 99.44 | % | |||||||
| Ltda(1) | ||||||||||
| Wipro Information Technology | Kazakhstan | 100.00 | % | |||||||
| Kazakhstan LLP | ||||||||||
| Wipro Outsourcing Services | Ireland | 100.00 | % | |||||||
| (Ireland) Limited | ||||||||||
| Wipro Portugal S.A.(1) | Portugal | 100.00 | % | |||||||
| Wipro Solutions Canada Limited | Canada | 100.00 | % | |||||||
| Wipro Technologies Limited | Russia | 99.99 | % | |||||||
| Wipro Technologies Peru SAC | Peru | 99.98 | % | |||||||
| Wipro Technologies W.T. | Costa Rica | 100.00 | % | |||||||
| Sociedad Anonima | ||||||||||
| Wipro Technology Chile SPA | Chile | 100.00 | % | |||||||
| Applied Value Technologies B.V. | Netherlands | 100.00 | % | |||||||
| Wipro IT Service Ukraine, LLC | Ukraine | 100.00 | % | |||||||
| Wipro IT Services Poland SP Z.O.O | Poland | 100.00 | % | |||||||
| Wipro IT Services S.R.L. | Romania | 100.00 | % | |||||||
| Wipro Regional Headquarter | Saudi Arabia | 100.00 | % | |||||||
| Wipro Technologies Australia Pty Ltd | Australia | 100.00 | % | |||||||
| Wipro Ampion Holdings Pty | Australia | 100.00 | % | |||||||
| Ltd(1) | ||||||||||
| Wipro Technologies SA | Argentina | 97.38 | % | |||||||
| Wipro Technologies SA DE CV | Mexico | 91.08 | % | |||||||
| Wipro Technologies South Africa | South Africa | 69.42 | % | |||||||
| (Proprietary) Limited | ||||||||||
| Wipro Technologies Nigeria | Nigeria | 99.84 | % | |||||||
| Limited | ||||||||||
| Wipro Technologies SRL | Romania | 100.00 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | 99.97 | % | |||||||
| Wipro Shanghai Limited | China | 84.63 | % |
3
| Wipro Technologies Nigeria Limited | Nigeria | 0.16 | % | |||||||
| Wipro Technologies Limited | Russia | 0.01 | % | |||||||
| Wipro Technologies Peru SAC | Peru | 0.02 | % | |||||||
| Wipro Japan KK |
Japan | 100.00 | % | |||||||
| Wipro Networks Pte Limited |
Singapore | 100.00 | % | |||||||
| Applied Value Technologies Pte Limited | Singapore | 100.00 | % | |||||||
| Wipro Chengdu Limited | China | 91.04 | % | |||||||
| PT. WT Indonesia | Indonesia | 0.40 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | ^ | ||||||||
| Wipro (Dalian) Limited | China | 100.00 | % | |||||||
| Wipro Technologies SDN BHD | Malaysia | 100.00 | % | |||||||
| Wipro (Tianjin) Limited (3) | China | 100.00 | % | |||||||
| Wipro Philippines, Inc. |
Philippines | 100.00 | % | |||||||
| Wipro Shanghai Limited |
China | 15.37 | % | |||||||
| Wipro Travel Services Limited |
India | 100.00 | % | |||||||
| Wipro, LLC |
USA | 100.00 | % | |||||||
| Wipro Technologies SA DE CV | Mexico | 8.92 | % | |||||||
| Wipro Gallagher Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro Insurance Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro IT Services, LLC | USA | 100.00 | % | |||||||
| Aggne Global Inc. | USA | 60.00 | % | |||||||
| Cardinal US Holdings, Inc.(1) | USA | 100.00 | % | |||||||
| Edgile, LLC | USA | 100.00 | % | |||||||
| HealthPlan Services, Inc.(1) | USA | 100.00 | % | |||||||
| Infocrossing, LLC | USA | 100.00 | % | |||||||
| International TechneGroup Incorporated(1) | USA | 100.00 | % | |||||||
| Wipro NextGen Enterprise Inc.(1) | USA | 100.00 | % | |||||||
| Rizing Intermediate Holdings, Inc.(1) | USA | 100.00 | % | |||||||
| Wipro Appirio, Inc.(1) | USA | 100.00 | % | |||||||
| Wipro Designit Services, Inc.(1) | USA | 100.00 | % | |||||||
| Wipro Telecom Consulting LLC | USA | 100.00 | % | |||||||
| Wipro VLSI Design Services, LLC | USA | 100.00 | % | |||||||
| Applied Value Technologies, Inc. | USA | 100.00 | % | |||||||
| Aggne Global IT Services Private Limited |
India | 60.00 | % | |||||||
| Wipro, Inc. |
USA | 100.00 | % | |||||||
| Wipro Life Science Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro Connected Services, Inc. (Formerly known as Harman Connected Services, Inc.) (4) (5) |
USA | 100.00 | % | |||||||
| Harman Connected Services Mauritius Pvt. Ltd. | Mauritius | 100.00 | % | |||||||
| Harman Connected Services Corporation India Pvt. Ltd. | India | 98.40 | % | |||||||
| Harman Connected Services Corporation India Pvt. Ltd. | India | 1.60 | % | |||||||
| Wipro Connected Services Engineering Corp. (Formerly known as Harman Connected Services Engineering. Corp.) | USA | 100.00 | % | |||||||
| Harman Connected Services UK Limited | UK | 100.00 | % | |||||||
| Harman Connected Services Morocco | Morocco | 100.00 | % | |||||||
| Wipro Connected Services US Midco LLC (Formerly known as Harman Connected Services US Midco LLC) | USA | 100.00 | % |
4
| Harman Connected Services AB (1) | Sweden | 100.00 | % | |||||||
| The Wipro SA Broad Based Ownership Scheme Trust |
||||||||||
| Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD | 100.00 | % | ||||||||
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58 | % |
| ^ | Value is less than 0.01% |
The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD’ incorporated in South Africa and Wipro Foundation in India.
| (2) | Grove Holdings 2 S.a.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro IT Services UK Societas, effective September 19, 2025. |
| (3) | Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro Networks Pte Limited. |
| (4) | The Company, through its subsidiaries, has acquired 100% shareholding in Harman Connected Services Inc. and its subsidiaries, effective December 1, 2025. |
| (5) | Wipro Digital Inc., a wholly owned subsidiary, has merged with Harman Connected Services Inc., a step-down subsidiary, effective December 1, 2025. |
| (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, Wipro Portugal S.A. and Harman Connected Services AB are as follows: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of |
Holding | ||||||
| Cardinal US Holdings, Inc. |
USA | |||||||||
| Capco Consulting Services LLC | USA | 100.00 | % | |||||||
| Capco RISC Consulting LLC | USA | 100.00 | % | |||||||
| The Capital Markets Company LLC | USA | 100.00 | % | |||||||
| HealthPlan Services, Inc. |
USA | |||||||||
| HealthPlan Services Insurance Agency, LLC | USA | 100.00 | % | |||||||
| International TechneGroup Incorporated |
USA | |||||||||
| International TechneGroup Ltd. | U.K. | 100.00 | % | |||||||
| ITI Proficiency Ltd. | Israel | 100.00 | % | |||||||
| MechWorks S.R.L. | Italy | 100.00 | % | |||||||
| Wipro NextGen Enterprise Inc. |
USA | |||||||||
| LeanSwift AB | Sweden | 100.00 | % | |||||||
| Rizing Intermediate Holdings, Inc. |
USA | |||||||||
| Rizing Lanka (Private) Ltd. | Sri Lanka | 100.00 | % | |||||||
| Attune Netherlands B.V.(6) |
Netherlands | 100.00 | % | |||||||
| Rizing Solutions Canada Inc. | Canada | 100.00 | % | |||||||
| Rizing LLC | USA | 100.00 | % | |||||||
| Rizing B.V. | Netherlands | 100.00 | % | |||||||
| Rizing Consulting Ireland Limited | Ireland | 100.00 | % | |||||||
| Rizing Consulting Pty Ltd. | Australia | 100.00 | % | |||||||
| Rizing Geospatial LLC | USA | 100.00 | % | |||||||
| Rizing GmbH | Germany | 100.00 | % | |||||||
| Rizing Limited | U.K. | 100.00 | % | |||||||
| Rizing Consulting USA, LLC | USA | 100.00 | % | |||||||
| (Formerly known as Rizing Consulting USA, Inc.) | ||||||||||
| Rizing Pte Ltd.(6) | Singapore | 100.00 | % | |||||||
5
| The Capital Markets Company BV |
Belgium | |||||||||
| CapAfric Consulting (Pty) Ltd. | South Africa | 100.00 | % | |||||||
| Capco Belgium B V | Belgium | 100.00 | % | |||||||
| The Capital Markets Company s.r.o | Slovakia | 15.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd. | Thailand | 0.04 | % | |||||||
| Capco Consultancy (Malaysia) Sdn Bhd | Malaysia | 100.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd. | Thailand | 99.92 | % | |||||||
| Capco Consulting Singapore Pte. Ltd. | Singapore | 100.00 | % | |||||||
| Capco Greece Single Member P.C | Greece | 100.00 | % | |||||||
| Capco Poland sp. z.o.o | Poland | 100.00 | % | |||||||
| The Capital Markets Company (UK) Ltd. |
U.K. | 100.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd. | Thailand | 0.04 | % | |||||||
| The Capital Markets Company Limited | Hong Kong | 0.01 | % | |||||||
| The Capital Markets Company GmbH | Germany | 100.00 | % | |||||||
| Capco Austria GmbH | Austria | 100.00 | % | |||||||
| The Capital Markets Company Limited | Hong Kong | 99.99 | % | |||||||
| The Capital Markets Company Limited | Canada | 100.00 | % | |||||||
| Capco Brasil Serviços E Consultoria Ltda | Brazil | 0.01 | % | |||||||
| The Capital Markets Company S.á.r.l | Switzerland | 100.00 | % | |||||||
| Andrion AG | Switzerland | 100.00 | % | |||||||
| The Capital Markets Company S.A.S | France | 100.00 | % | |||||||
| The Capital Markets Company s.r.o | Slovakia | 85.00 | % | |||||||
| Wipro Ampion Holdings Pty Ltd. |
Australia | |||||||||
| Wipro Revolution IT Pty Ltd. | Australia | 100.00 | % | |||||||
| Wipro Shelde Australia Pty Ltd. | Australia | 100.00 | % | |||||||
| Wipro Appirio, Inc. |
USA | |||||||||
| Wipro Appirio (Ireland) Limited | Ireland | 100.00 | % | |||||||
| Wipro Appirio UK Limited | U.K. | 100.00 | % | |||||||
| Topcoder, LLC | USA | 100.00 | % | |||||||
| USA | ||||||||||
| Wipro Designit Services, Inc. |
Wipro Designit Services Limited | Ireland | 100.00 | % | ||||||
| Wipro do Brasil Technologia Ltda |
Brazil | |||||||||
| Wipro do Brasil Servicos Ltda | Brazil | 100.00 | % | |||||||
| Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 96.84 | % | |||||||
| Portugal | ||||||||||
| Wipro Portugal S.A. |
Wipro do Brasil Technologia Ltda | Brazil | 0.56 | % | ||||||
| Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 3.09 | % | |||||||
| Wipro Technologies GmbH | Germany | 85.13 | % | |||||||
| Wipro Business Solutions GmbH (6) | Germany | 100.00 | % | |||||||
| Wipro IT Services Austria GmbH | Austria | 100.00 | % | |||||||
| Harman Connected Services AB |
Sweden | |||||||||
| Harman Connected Services Solutions (Chengdu) Co. Ltd. | China | 100.00 | % |
6
| (6) | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
|
Country of Incorporation |
||||||
| Attune Netherlands B. V. |
Netherlands | |||||||||
| Rizing Germany GmbH | Germany | 100.00 | % | |||||||
| Attune Italia S.R.L | Italy | 100.00 | % | |||||||
| Attune UK Ltd. | U.K. | 100.00 | % | |||||||
| Rizing Pte Ltd. |
Singapore | |||||||||
| Rizing New Zealand Ltd. | New Zealand | 100.00 | % | |||||||
| Rizing Philippines Inc. | Philippines | 100.00 | % | |||||||
| Rizing SDN BHD | Malaysia | 100.00 | % | |||||||
| Rizing Solutions Pty Ltd. | Australia | 100.00 | % | |||||||
| Wipro Business Solutions GmbH |
Germany | |||||||||
| Wipro Technology Solutions S.R.L | Romania | 100.00 | % | |||||||
As at December 31, 2025, Wipro, LLC held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 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 |
Vide the order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.
7. Segment information:
The Company is organised into the following operating segments: IT Services and IT Products.
IT Services: The IT services segment primarily consists of IT Services offerings to customers organised by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”).
Americas 1 and Americas 2 are primarily organised by industry sector, while Europe and APMEA are organised by countries.
Americas 1 includes the entire business of Latin America (“LATAM”) and the folio wing, industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: Banking and Financial Services, Energy, Manufacturing and Resources, Capital Markets and Insurance, and Hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany and Western Europe. APMEA consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa.
Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.
Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.
IT Products: The Company is a value-added reseller of security, packaged and SaaS software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue from the sale of IT Products.
The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by Ind AS 108, “Operating Segments”. The CEO of the Company evaluates the segments based on their revenue growth and operating income.
Assets and liabilities used in the Company’s business are not identified to any of the operating segments, as these are used interchangeably between segments. Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
7
Information on reportable segments for the three months ended December 31, 2025, September 30, 2025, and December 31, 2024, nine months ended December 31, 2025, December 31, 2024 and year ended March 31, 2025 are as follows:
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||
| December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
|||||||||||||||||||
| Particulars |
Audited | Audited | Audited | Audited | Audited | Audited | ||||||||||||||||||
| Segment revenue |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
77,809 | 74,821 | 72,010 | 225,727 | 208,103 | 281,824 | ||||||||||||||||||
| Americas 2 |
67,708 | 67,011 | 68,120 | 201,789 | 203,390 | 271,972 | ||||||||||||||||||
| Europe |
62,405 | 59,531 | 59,282 | 178,753 | 181,525 | 240,077 | ||||||||||||||||||
| APMEA |
25,859 | 25,042 | 23,439 | 74,717 | 70,753 | 94,351 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of lT Services |
233,781 | 226,405 | 222,851 | 680,986 | 663,771 | 888,224 | ||||||||||||||||||
| IT Products |
2,565 | 1,126 | 747 | 4.419 | 1,879 | 2,692 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment revenue |
236,346 | 227,531 | 223,598 | 685,405 | 665,650 | 890,916 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Segment result |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
16,409 | 15,435 | 14,966 | 46,838 | 41,991 | 58,186 | ||||||||||||||||||
| Americas 2 |
14,450 | 13,122 | 15,275 | 40,957 | 45,813 | 61,326 | ||||||||||||||||||
| Europe |
8,003 | 6,962 | 7,600 | 20,991 | 21,294 | 29,434 | ||||||||||||||||||
| APMEA |
3,583 | 3,308 | 3,667 | 9,870 | 9,178 | 1,2,850 | ||||||||||||||||||
| Unallocated |
(1,259 | ) | (1,018 | ) | (2,518 | ) | (1,527 | ) | (5.907 | ) | (10,157 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of IT Services |
41,186 | 37,809 | 38,990 | 117,129 | 112,369 | 151,639 | ||||||||||||||||||
| IT Products |
227 | 101 | 29 | 348 | (201 | ) | (173 | ) | ||||||||||||||||
| Reconciling Items |
(5,678 | ) | (81 | ) | (53 | ) | (8,189 | ) | 16 | (195 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment result |
35,735 | 37,829 | 38,966 | 109,288 | 112,184 | 151,271 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Finance costs |
(3,656 | ) | (3,612 | ) | (4,146 | ) | (10,876 | ) | (11,003 | ) | (14,770 | ) | ||||||||||||
| Finance and other income |
9.232 | 8,455 | 9,708 | 28,104 | 26,383 | 38,202 | ||||||||||||||||||
| Share of net profit/ (loss) of associate and joint venture accounted for using equity method |
28 | 152 | 5 | 230 | (37 | ) | 254 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Profit before tax |
41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Notes:
| a) | “Reconciling items” includes elimination of inter-segment transactions and other corporate activities. |
| b) | Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues. |
| c) | For the purpose of segment reporting, the Company has included the net impact of foreign exchange gains/(losses), net in revenues amounting to ₹ 788, ₹ 558 and ₹ 410 for the three months ended December 31, 2025, September 30, 2025, and December 31, 2024 respectively and ₹1,528 and ₹ (192) for the nine months ended December 31, 2025, December 31, 2024 and ₹ 32 for the year ended March 31, 2025, which is reported as a part of Other income in the consolidated financial results. |
| d) | Restructuring cost of ₹ 2,629. ₹ Nil and ₹ Nil for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively and ₹ 5,139 and ₹ Nil for the nine months ended December 31, 2025 and 2024, respectively, and ₹ Nil for the year ended March 31, 2025, is included under Reconciling Items. |
| e) | Impact of past service cost on gratuity due to implementation of new labour code amounting to ₹ 3,028 for the three and nine months ended December 31, 2025, respectively is included under Reconciling items. |
| (f) | “Unallocated” within IT Services segment results is after recognition of the below: |
| Particulars | Three months ended | Nine months ended | Year ended | |||||||||||||||||||||
| December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
|||||||||||||||||||
| Amortisation and impairment expenses on intangible assets |
2,652 | 1,670 | 1,577 | 5,947 | 6,278 | 7,909 | ||||||||||||||||||
| Change in fair value of contingent consideration |
^ | ^ | — | 48 | (167 | ) | (169 | ) | ||||||||||||||||
| ^ | Value is less than ₹ 0.5 |
| g) | Segment results of IT Services segment. are after recognition of share-based compensation expense ₹ 1,365, ₹ 1,264 and ₹ 1,712 for the three months ended December 31, 2025, September 30, 2025, and December 31, 2024, respectively and ₹ 3,065 and ₹ 4,347 for the nine months ended December 31, 2025, December 31, 2024, respectively and ₹ 5,542 for the year ended March 31, 2025. |
8
| h) | Segment results of IT Services segment are after recognition of gain ‘(loss) on sale of property, plant and equipment of ₹ 33, ₹ 464 and ₹ (77) for the three months ended December 31, 2025. September 30, 2025, and December 31, 2024, respectively and ₹ 563 and ₹ 766 for the nine months ended December 31, 2025, December 31, 2024. respectively and ₹ 606 for the year ended March 31, 2025. |
| 8. | Decline in 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 ₹ 841, ₹ Nil and ₹ Nil for the three months ended December 31, 2025. September 30, 2025 and December 31, 2024, respectively and ₹ 841 and ₹ 1,149 for the nine months ended December 31, 2025 and December 31, 2024, respectively and ₹ 1.155 for the year ended March 31, 2025, as part of depreciation, amortization and impairment expense. |
| 9. | Issue of bonus shares |
During the year ended March 31, 2025, the company concluded bonus issue in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS ) under allotment as on the record date. Consequently, ₹ 10.467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.
| 10. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19—Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
The implementation of the Labour Codes has resulted in an increase of ₹ 3,028 in the provision for defined benefit obligation. which has been recognised as an employee benefit expense in the current reporting period. The Company continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required.
| 11. | Events after the reporting period |
The Board of Directors in their meeting held on January 16, 2026. declared an interim dividend of ₹ 6 /- (U.S.$ 0.07) per equity share and ADR (300% on an equity share of par value of ₹ 2 /-).
| By order of the Board, | For, Wipro Limited | |
| ||
| Place: Bengaluru | Rishad A. Premji | |
| Date: January 16, 2026 | Chairman |
9
|
|
Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru-560 001 Karnataka, India
Tel: +91 80 6188 6000 Fax: +91 80 6188 6011 |
INDEPENDENT AUDITOR’S REPORT ON THE AUDIT OF CONSOLIDATED FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF WIPRO LIMITED
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of WIPRO LIMITED (“the Company”) and its subsidiaries (the Company and its subsidiaries together referred to as “the Group”) for the three and nine months ended December 31, 2025 (“the Statement”/“ Consolidated Financial Results”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement gives a true and fair view in conformity with the recognition and measurement principles laid down in the International Accounting Standard 34 “Interim Financial Reporting” (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”) of the consolidated net profit and consolidated total comprehensive income and other financial information of the Group for the three and nine months ended December 31, 2025.
Basis for Opinion
We conducted our audit of the Consolidated Financial Results in accordance with the Standards on Auditing (“SAs”) issued by the Institute of Chartered Accountants of India (“ICAI”). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section below, We are independent of the Group in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the Statement and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results
This Statement, which is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements. The Company’s Board of Directors are responsible for the preparation and presentation of the Consolidated Financial Results that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in IAS 34 as issued by IASB.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Company, as aforesaid.
Regd. Office: One International Center, Tower 3, 32nd floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
In preparing the Consolidated Financial Results, the respective Management and Board of Directors of the companies included in the Group are responsible for assessing the ability of respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group,
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
| • | Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on effectiveness of such controls. |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. |
| • | Evaluate the overall presentation, structure and content of the Consolidated Financial Results, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. |
| • | Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group to express an opinion on the Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of entities included in the Consolidated Financial Results. |
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Results.
We communicate with those charged with governance of the Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal financial controls that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
For DELOITTE HASKINS & SELLS LLP
Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
(Anand Subramanian
Partner
(Membership No.110815)
UDIN:
Bengaluru, January 16, 2026
WIPRO LIMITED
CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakannelli, Sarjapur Road, Bengaluru - 560035, India
Website: www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844 0054
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2025
UNDER IFRS (IASB)
(₹ in millions, except share and per share data, unless otherwise stated)
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||||
| Particulars |
December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
||||||||||||||||||||
| Income | ||||||||||||||||||||||||||
| a) Revenue from operations | 235,558 | 226,973 | 223,188 | 683,877 | 665,842 | 890,884 | ||||||||||||||||||||
| b) Foreign exchange gains/(losses), net | 788 | 558 | 410 | 1,528 | (192 | ) | 32 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| I |
Total income | 236,346 | 227,531 | 223,598 | 685,405 | 665,650 | 890,916 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Expenses | ||||||||||||||||||||||||||
| a) Purchases of stock-in-trade |
2,476 | 1,056 | 459 | 4,077 | 2,157 | 2,967 | ||||||||||||||||||||
| b) Changes in inventories of stock-in-trade |
(15 | ) | (172 | ) | 318 | (66 | ) | 164 | 195 | |||||||||||||||||
| c) Employee benefits expense |
142,009 | 136,163 | 133,035 | 412,447 | 400,023 | 533,477 | ||||||||||||||||||||
| d) Depreciation, amortization and impairment expense |
8,050 | 6,917 | 6,765 | 21,822 | 22,362 | 29,579 | ||||||||||||||||||||
| e) Sub-contracting and technical fees |
27,667 | 26,498 | 25,903 | 79,743 | 75,252 | 100,148 | ||||||||||||||||||||
| f) Facility expenses |
4,087 | 3,519 | 3,884 | 11,804 | 11,954 | 16,067 | ||||||||||||||||||||
| g) Travel |
3,054 | 3,338 | 3,164 | 10,180 | 10,937 | 14,095 | ||||||||||||||||||||
| h) Communication |
831 | 891 | 871 | 2,519 | 2,943 | 3,842 | ||||||||||||||||||||
| i) Legal and professional fees |
2,836 | 2,813 | 2,842 | 7,538 | 8,137 | 11,270 | ||||||||||||||||||||
| j) Software license expense for internal use |
5,701 | 5,253 | 5,080 | 15,915 | 14,387 | 19,338 | ||||||||||||||||||||
| k) Marketing and brand building |
774 | 900 | 1,032 | 2,557 | 2,674 | 3,591 | ||||||||||||||||||||
| 1) Lifetime expected credit loss/ (write-back) |
973 | 1,507 | (608 | ) | 2,982 | (41 | ) | 324 | ||||||||||||||||||
| m) (Gain)/loss on sale of property, plant and equipment, net |
(33 | ) | (464 | ) | 77 | (563 | ) | (766 | ) | (606 | ) | |||||||||||||||
| n) Other expenses |
2,201 | 1,483 | 1,810 | 5,162 | 3,283 | 5,358 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| II |
Total expenses | 200,611 | 189,702 | 184,632 | 576,117 | 553,466 | 739,645 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| III |
Finance expenses | 3,656 | 3,612 | 4,146 | 10,876 | 11,003 | 14,770 | |||||||||||||||||||
| IV |
Finance and other income | 9,232 | 8,455 | 9,708 | 28,104 | 26,383 | 38,202 | |||||||||||||||||||
| V |
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 28 | 152 | 5 | 230 | (37 | ) | 254 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VI |
Profit before tax [I-II-lII+IV+V] | 41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VII |
Tax expense | 9,889 | 10,200 | 10,866 | 29,307 | 31,228 | 42,777 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VIII |
Profit for the period [VI-VII] | 31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Other comprehensive income (OCI) | ||||||||||||||||||||||||||
| Items that will not be reclassified to profit or loss in subsequent periods |
||||||||||||||||||||||||||
| Remeasurements of the defined benefit plans, net |
(240 | ) | 238 | (231 | ) | (231 | ) | 150 | 274 | |||||||||||||||||
| Net change in fair value of investment in equity instruments measured at fair value through OCI |
(422 | ) | (62 | ) | (367 | ) | (485 | ) | (533 | ) | (3,476 | ) | ||||||||||||||
| Items that will be reclassified to profit or loss in subsequent periods |
||||||||||||||||||||||||||
| Foreign currency translation differences |
5,050 | 13,355 | 1,853 | 24,988 | 5,569 | 7,331 | ||||||||||||||||||||
| Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |
— | — | 1 | — | 14 | (41 | ) | |||||||||||||||||||
| Net change in time value of option contracts designated as cash flow hedges, net of taxes |
139 | 58 | 269 | (77 | ) | (95 | ) | (1.89 | ) | |||||||||||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes |
59 | (744 | ) | (171 | ) | (515 | ) | (189 | ) | 146 | ||||||||||||||||
| Net change in fair value of forward contracts designated as cash flow hedges, net of taxes |
(560 | ) | (1,772 | ) | (1,100 | ) | (2,333 | ) | (1,555 | ) | (745 | ) | ||||||||||||||
| Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes |
(495 | ) | (565 | ) | 37 | (472 | ) | 611 | 963 | |||||||||||||||||
1
| IX | Total other comprehensive income for the period, net of taxes | 3,531 | 10,508 | 291 | 20,875 | 3,972 | 4,263 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total comprehensive income for the period [VIII+IX] | 34,981 | 43,132 | 33,958 | 118,314 | 100,271 | 136,443 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| X | Profit for the period attributable to: | |||||||||||||||||||||||||
| Equity holders of the Company | 31,190 | 32,462 | 33,538 | 96,956 | 95,658 | 131,354 | ||||||||||||||||||||
| Non-controlling interests | 260 | 162 | 129 | 483 | 641 | 826 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total comprehensive income for the period attributable to: | ||||||||||||||||||||||||||
| Equity holders of the Company | 34,695 | 42,898 | 33,783 | 117,730 | 99,590 | 135,595 | ||||||||||||||||||||
| Non-controlling interests | 286 | 234 | 175 | 584 | 681 | 848 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 34,981 | 43,132 | 33,958 | 118,314 | 100,271 | 136,443 | |||||||||||||||||||||
|
|
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|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| XI | Paid up equity share capital (Par value ₹ 2 per share) | 20,974 | 20,968 | 20,938 | 20,974 | 20,938 | 20,944 | |||||||||||||||||||
|
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|
|
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|
|
|
|
|
|
|
|||||||||||||||
| XII | Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet | 807,365 | ||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||
| XIII | Earnings per share (EPS) | |||||||||||||||||||||||||
| (Equity shares of par value of ₹ 2/- each) (EPS for the three and nine months ended periods are not annualized) | ||||||||||||||||||||||||||
| Basic (in ₹ ) | 2.98 | 3.10 | 3.21 | 9.26 | 9.15 | 12.56 | ||||||||||||||||||||
| Diluted (in ₹) | 2.97 | 3.09 | 3.20 | 9.23 | 9.13 | 12.52 |
| 1. | The: audited consolidated financial results of the Company for the three and nine months ended December 31, 2025, have been approved by the Board of Directors of the. Company at its meeting held on January 16, 2026. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report with unmodified opinion on the consolidated financial results for the three and nine months ended December 31, 2025. |
| 2. | The above consolidated financial results have been prepared on the basis of the audited interim condensed consolidated financial statements for the three and nine months ended December 31, 2025, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”), All amounts included in the consolidated financial results (including notes) are reported in millions of Indian Rupees (₹ in millions) except share and per share data, unless otherwise stated. |
| 3. | (Gain)/Ioss on sale of property, plant and equipment for the nine months ended December 31, 2024 and year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer of building, along with other assets of ₹ (885) and for the nine months ended December 31, 2025, includes gain on transfer of building of ₹ (405). |
| 4. | Other expenses are net of insurance claim received of ₹ 1,805 for the nine months ended December 31, 2024 and year ended March 31, 2025. |
| 5. | Employee benefits expense includes impact of past service cost on gratuity due to implementation of new labour code of ₹ 3,028 during the three and nine months ended December 31, 2025. |
| 6. | List of subsidiaries, associate and joint venture as at December 31, 2025 are provided in the table below: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of |
Holding | ||||||
| Attune Consulting India Private Limited |
India | 100.00 | % | |||||||
| Capco Technologies Private Limited |
India | 100.00 | % | |||||||
| Wipro Chengdu Limited |
China | 8.96 | % | |||||||
| Wipro Holdings (UK) Limited |
U.K. | 100.00 | % | |||||||
| Wipro Technologies SRL | Romania | ^ | ||||||||
| Wipro IT Services Bangladesh Limited |
Bangladesh | 100.00 | % | |||||||
| Wipro IT Services UK Societas |
U.K. | 100.00 | % | |||||||
| Capco Consulting Middle East FZE (2) | UAE | 100.00 | % | |||||||
| Designit A/S | Denmark | 100.00 | % | |||||||
| Designit Denmark A/S | Denmark | 100.00 | % | |||||||
| Designit Germany GmbH | Germany | 100.00 | % | |||||||
| Designit Oslo A/S | Norway | 100.00 | % | |||||||
2
|
|
Designit Spain Digital, S.L.U | Spain | 100.00 | % | ||||||
| Designit T.L.V Ltd. | Israel | 100.00 | % | |||||||
| Wipro Bahrain Limited Co. W.L.L | Bahrain | 100.00 | % | |||||||
| Wipro Czech Republic IT Services s.r.o. | Czech Republic | 100.00 | % | |||||||
| Wipro CRM Services | Belgium | 100.00 | % | |||||||
| Wipro 4C Consulting France SAS | France | 100.00 | % | |||||||
| Wipro CRM Services B.V. | Netherlands | 100.00 | % | |||||||
| Wipro CRM Services ApS | Denmark | 100.00 | % | |||||||
| Wipro CRM Services UK Limited | U.K. | 100.00 | % | |||||||
| Grove Holdings 2 S.á.r.I | Luxembourg | 100.00 | % | |||||||
| Capco Solution Services GmbH | Germany | 100.00 | % | |||||||
| The Capital Markets Company Italy Srl | Italy | 100.00 | % | |||||||
| Capco Brasil Serviços E Consultoria Ltda | Brazil | 99.99 | % | |||||||
| The Capital Markets Company BV(1) | Belgium | 100.00 | % | |||||||
| PT. WT Indonesia | Indonesia | 99.60 | % | |||||||
| Rainbow Software LLC | Iraq | 100.00 | % | |||||||
| Wipro Arabia Limited | Saudi Arabia | 66.67 | % | |||||||
| Women’s Business Park Technologies Limited | Saudi Arabia | 100.00 | % | |||||||
| Wipro Doha LLC | Qatar | 100.00 | % | |||||||
| Wipro Financial Outsourcing Services Limited | U.K. | 100.00 | % | |||||||
| Wipro UK Limited | U.K. | 100.00 | % | |||||||
| Wipro Gulf LLC | Sultanate of Oman | 99.98 | % | |||||||
| Wipro Information Technology Netherlands BV. | Netherlands | 100.00 | % | |||||||
| Wipro Gulf LLC | Sultanate of Oman | 0.02 | % | |||||||
| Wipro Technologies SA | Argentina | 2.62 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | 0.03 | % | |||||||
| Wipro Technologies GmbH | Germany | 14.87 | % | |||||||
| Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 0.07 | % | |||||||
| Wipro do Brasil Technologia Ltda(1) | Brazil | 99.44 | % | |||||||
| Wipro Information Technology Kazakhstan LLP | Kazakhstan | 100.00 | % | |||||||
| Wipro Outsourcing Services (Ireland) Limited | Ireland | 100.00 | % | |||||||
| Wipro Portugal S.A.(1) | Portugal | 100.00 | % | |||||||
| Wipro Solutions Canada Limited | Canada | 100.00 | % | |||||||
| Wipro Technologies Limited | Russia | 99.99 | % | |||||||
| Wipro Technologies Peru SAC | Peru | 99.98 | % | |||||||
| Wipro Technologies W.T. Sociedad Anonima | Costa Rica | 100.00 | % | |||||||
| Wipro Technology Chile SPA | Chile | 100.00 | % | |||||||
| Applied Value Technologies B.V. | Netherlands | 100.00 | % | |||||||
| Wipro IT Service Ukraine, LLC | Ukraine | 100.00 | % | |||||||
| Wipro IT Services Poland SP Z.O.O | Poland | 100.00 | % | |||||||
| Wipro IT Services S.R.L. | Romania | 100.00 | % | |||||||
| Wipro Regional Headquarter | Saudi Arabia | 100.00 | % | |||||||
| Wipro Technologies Australia Pty Ltd | Australia | 100.00 | % | |||||||
| Wipro Ampion Holdings Pty Ltd(1) | Australia | 100.00 | % | |||||||
| Wipro Technologies SA | Argentina | 97.38 | % | |||||||
| Wipro Technologies SA DE CV | Mexico | 91.08 | % | |||||||
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 69.42 | % |
3
| Wipro Technologies Nigeria Limited | Nigeria | 99.84 | % | |||||||
| Wipro Technologies SRL | Romania | 100.00 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | 99.97 | % | |||||||
| Wipro Shanghai Limited | China | 84.63 | % | |||||||
| Wipro Technologies Nigeria Limited | Nigeria | 0.16 | % | |||||||
| Wipro Technologies Limited | Russia | 0.01 | % | |||||||
| Wipro Technologies Peru SAC | Peru | 0.02 | % | |||||||
| Wipro Japan KK |
Japan | 100.00 | % | |||||||
| Wipro Networks Pte Limited |
Singapore | 100.00 | % | |||||||
| Applied Value Technologies Pte. Limited | Singapore | 100.00 | % | |||||||
| Wipro Chengdu Limited | China | 91.04 | % | |||||||
| PT, WT Indonesia | Indonesia | 0.40 | % | |||||||
| Wipro (Thailand) Co. Limited | Thailand | ^ | ||||||||
| Wipro (Dalian) Limited | China | 100.00 | % | |||||||
| Wipro Technologies SDN BHD | Malaysia | 100.00 | % | |||||||
| Wipro (Tianjin) Limited (3) | China | 100.00 | % | |||||||
| Wipro Philippines, Inc. |
Philippines | 100.00 | % | |||||||
| Wipro Shanghai Limited |
China | 15.37 | % | |||||||
| Wipro Travel Services Limited |
India | 100.00 | % | |||||||
| Wipro, LLC |
USA | 100.00 | % | |||||||
| Wipro Technologies SA DE CV | Mexico | 8.92 | % | |||||||
| Wipro Gallagher Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro Insurance Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro IT Services, LLC | USA | 100.00 | % | |||||||
| Aggne Global Inc. | USA | 60.00 | % | |||||||
| Cardinal US Holdings, Inc.(1) | USA | 100.00 | % | |||||||
| Edgile. LLC | USA | 100.00 | % | |||||||
| HealthPlan Services, Inc. (1) | USA | 100.00 | % | |||||||
| Infocrossing, LLC | USA | 100.00 | % | |||||||
| International TechneGroup Incorporated (1) | USA | 100.00 | % | |||||||
| Wipro NextGen Enterprise Inc.(1) | USA | 100.00 | % | |||||||
| Rizing Intermediate Holdings, lnc.(1) | USA | 100.00 | % | |||||||
| Wipro Appirio, Inc. (1) | USA | 100.00 | % | |||||||
| Wipro Designit Services, Inc. (1) | USA | 100.00 | % | |||||||
| Wipro Telecom Consulting LLC | USA | 100.00 | % | |||||||
| Wipro VLSI Design. Services, LLC | USA | 100.00 | % | |||||||
| Applied Value Technologies. Inc. | USA | 100.00 | % | |||||||
| Aggne Global IT Services Private Limited |
India | 60.00 | % | |||||||
| Wipro, Inc. |
USA | 100.00 | % | |||||||
| Wipro Life Science Solutions, LLC | USA | 100.00 | % | |||||||
| Wipro Connected Services, Inc. |
USA | 100.00 | % | |||||||
| Harman Connected Services Mauritius Pvt Ltd. | Mauritius | 100.00 | % | |||||||
| Harman Connected Services Corporation India Pvt. Ltd. | India | 98.40 | % | |||||||
| Harman Connected Services Corporation India Pvt. Ltd. | India | 1.60 | % | |||||||
| Wipro Connected Services Engineering Corp. (Formerly known as Harman Connected Services Engineering Corp.) | USA | 100.00 | % | |||||||
| Harman Connected Services UK Limited | UK | 100.00 | % | |||||||
| Harman Connected Services Morocco | Morocco | 100.00 | % |
26
| Wipro Connected Services US Midco LLC (Formerly known as Harman Connected Services US Midco LLC) | USA | 100.00 | % | |||||||
| Harman Connected Services AB(1) | Sweden | 100.00 | % | |||||||
| The Wipro SA Broad Based Ownership Scheme Trust |
||||||||||
| Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD | 100.00 | % | ||||||||
| Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58 | % |
| ^ | Value is less than 0.01% |
The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’, ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD’ incorporated in South Africa and Wipro Foundation in India.
| (2) | Grove Holdings 2 S.á.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro IT Services UK Societas, effective September 19, 2025. |
| (3) | Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro Networks Pte Limited. |
| (4) | The Company, through its subsidiaries, has acquired 100% shareholding in Harman Connected Services Inc. and its subsidiaries, effective December 1, 2025. |
| (5) | Wipro Digital Inc., a wholly owned subsidiary, has merged with Harman Connected Services Inc., a step-down subsidiary, effective December 1, 2025. |
| (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, Wipro Portugal S.A. and Harman Connected Services AB are as follows: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of |
Holding | ||||||
| Cardinal US Holdings, Inc. | USA | |||||||||
| Capco Consulting Services LLC | USA | 100.00 | % | |||||||
| Capco RISC Consulting LLC | USA | 100.00 | % | |||||||
| The Capital Markets Company LLC | USA | 100.00 | % | |||||||
| HealthPian Services, Inc. |
USA | |||||||||
| HealthPian Services Insurance Agency, LLC | USA | 100.00 | % | |||||||
| International TechneGroup Incorporated |
USA | |||||||||
| International TechneGroup Ltd. | U.K | 100.00 | % | |||||||
| ITI Proficiency Ltd | Israel | 100.00 | % | |||||||
| MechWorks S.R.L. | Italy | 100.00 | % | |||||||
| Wipro NextGen Enterprise Inc. |
USA | |||||||||
| LeanSwift AB | Sweden | 100.00 | % | |||||||
| Rizing Intermediate Holdings, Inc. |
USA | |||||||||
| Rizing Lanka (Private) Ltd | Sri Lanka | 100.00 | % | |||||||
| Attune Netherlands B.V.(6) | Netherlands | 100.00 | % | |||||||
| Rizing Solutions Canada Inc. | Canada | 100.00 | % | |||||||
| Rizing LLC | USA | 100.00 | % | |||||||
| Rizing B.V. | Netherlands | 100.00 | % | |||||||
| Rizing Consulting Ireland Limited | Ireland | 100.00 | % | |||||||
| Rizing Consulting Pty Ltd. | Australia | 100.00 | % | |||||||
| Rizing Geospatial LLC | USA | 100.00 | % | |||||||
| Rizing GmbH | Germany | 100.00 | % | |||||||
| Rizing. Limited | U.K. | 100.00 | % | |||||||
| Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) | USA | 100.00 | % | |||||||
| Rizing Pte Ltd.(6) |
Singapore | 100.00 | % | |||||||
27
| The Capital Markets Company BV |
Belgium | |||||||||
| CapAfric Consulting (Pty) Ltd | South Africa | 100.00 | % | |||||||
| Capco Belgium BV | Belgium | 100.00 | % | |||||||
| The Capital Markets Company s.r.o |
Slovakia | 15.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd | Thailand | 0.04 | % | |||||||
| Capco Consultancy (Malaysia) Sdn. Bhd |
Malaysia | 100.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd |
Thailand | 99.92 | % | |||||||
| Capco Consulting Singapore Pte. Ltd |
Singapore | 100.00 | % | |||||||
| Capco Greece Single Member P.C |
Greece | 100.00 | % | |||||||
| Capco Poland sp. z.o.o | Poland | 100.00 | % | |||||||
| The Capital Markets Company (UK) Ltd |
U.K. | 100.00 | % | |||||||
| Capco Consultancy (Thailand) Ltd |
Thailand | 0.04 | % | |||||||
| The Capital Markets Company Limited |
Hong Kong | 0.01 | % | |||||||
| The Capital Markets Company GmbH |
Germany | 100.00 | % | |||||||
| Capco Austria GmbH | Austria | 100.00 | % | |||||||
| The Capital Markets Company Limited |
Hong Kong | 99.99 | % | |||||||
| The Capital Markets Company Limited |
Canada | 100.00 | % | |||||||
| Capco Brasil Serviços E Consultoria Ltda |
Brazil | 0.01 | % | |||||||
| The Capital Markets Company S.á.r.l |
Switzerland | 100.00 | % | |||||||
| Andrion AG | Switzerland | 100.00 | % | |||||||
| The Capital Markets Company S.A.S |
France | 100.00 | % | |||||||
| The Capital Markets Company s.r.o |
Slovakia | 85.00 | % | |||||||
| Wipro Ampion Holdings Pry Ltd |
Wipro Revolution IT Pry Ltd Wipro Shelde Australia Pty Ltd |
Australia Australia Australia |
|
100.00 100.00 |
% % | |||||
| Wipro Appirio, Inc. |
Wipro Appirio (Ireland) Limited
Topcoder, LLC |
Wipro Appirio UK Limited | USA Ireland U.K. USA |
|
100.00 100.00 100.00 |
% % % | ||||
| Wipro Designit Services, Inc. |
Wipro Designit Services Limited |
USA Ireland |
100.00 | % | ||||||
| Wipro do Brasil Technologia Ltda |
Brazil | |||||||||
| Wipro do Brasil Servicos Ltda |
Brazil | 100.00 | % | |||||||
| Wipro Do Brasil Sistemas De Informatica Ltda |
Brazil | 96.84 | % | |||||||
| Wipro Portugal S.A. |
Portugal | |||||||||
| Wipro do Brasil Technologia Ltda |
Brazil | 0.56 | % | |||||||
| Wipro Do Brasil Sistemas De |
Brazil | 3.09 | % | |||||||
| Informatica Ltda | ||||||||||
| Wipro Technologies GmbH |
Germany | 85.13 | % | |||||||
| Wipro Business Solutions GmbH (6) |
Germany | 100.00 | % | |||||||
| Wipro IT Services Austria GmbH |
Austria | 100.00 | % | |||||||
| Harman Connected Services AB |
Harman Connected Services Solutions (Chengdu) Co. Ltd. |
Sweden China |
100.00 | % |
| (6) | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: |
6
| Subsidiaries |
Subsidiaries | Subsidiaries |
Country of Incorporation |
|||||||
| Attune Netherlands B.V. |
Rizing Germany GmbH Attune Italia S.R.L Attune UK Ltd. |
Netherlands Germany Italy U.K. |
|
100.00 100.00 100.00 |
% % % | |||||
| Rizing Pte Ltd. |
Rizing New Zealand Ltd. Rizing Philippines Inc. Rizing SDN BHD Rizing Solutions Pty Ltd |
Singapore New Zealand Philippines Malaysia Australia |
|
100.00 100.00 100.00 100.00 |
% % % % | |||||
| Wipro Business Solutions GmbH |
Wipro Technology Solutions S.R.L |
Germany Romania |
100.00 | % | ||||||
As at December 31, 2025, Wipro, LLC held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 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 |
Vide the order dated June 06, 2025, the Hon’ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding: Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.
6. Segment Information
The Company is organized into the following operating segments: IT Services and IT Products.
IT Services: The IT services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”).
Americas 1 and. Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.
Americas 1 includes the entire business of Latin America (“LATAM”,) and. the following industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. Americas 2 includes the entire business In Canada and the following industry sectors in the United States of America: Banking and Financial services, Energy, Manufacturing and Resources, Capital markets and Insurance, and Hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany and Western Europe, APMEA consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa.
Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.
Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.
IT Products: The Company is a value-added reseller of security, packaged and SaaS. software for leading international brands. In certain total outsourcing contracts of the IT Services segment the Company delivers hardware, software products and other related deliverables. Revenue relating to these items is reported as revenue, from the sale of IT Products.
The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by 1FRS 8, “Operating Segments”, The CEO of the Company evaluates the segments based on their revenue growth and operating income.
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Assets and liabilities used in the Company’s business are not identified to any of the operating segments, as these are used interchangeably between segments. Management believes that it is currently not. practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
Information on reportable segments for the three months ended December 31, 2025, September 30, 2025, December 31, 2024, nine months ended December 31, 2025, December 31, 2024, and year ended March 31, 2025 are as follows:
| Particulars |
Three months ended | Nine months ended | Year ended | |||||||||||||||||||||
| December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
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| Audited | Audited | Audited | Audited | Audited | Audited | |||||||||||||||||||
| Segment revenue |
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| IT Services |
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| Americas 1 |
77,809 | 74,821 | 72,010 | 225,727 | 208,103 | 281,824 | ||||||||||||||||||
| Americas 2 |
67,708 | 67,011 | 68,120 | 201,789 | 203,390 | 271,972 | ||||||||||||||||||
| Europe |
62,405 | 59,531 | 59,282 | 178,753 | 181,525 | 240,077 | ||||||||||||||||||
| APMEA |
25,859 | 25,042 | 23,439 | 74,717 | 70,753 | 94,351 | ||||||||||||||||||
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| Total of IT Services |
233,781 | 226,405 | 222,851 | 680,986 | 663,771 | 888,224 | ||||||||||||||||||
| IT Products |
2,565 | 1,126 | 747 | 4,419 | 1,879 | 2,692 | ||||||||||||||||||
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| Total segment revenue |
236,346 | 227,531 | 223,598 | 685,405 | 665,650 | 890,916 | ||||||||||||||||||
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| Segment result |
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| IT Services |
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| Americas 1 |
16,409 | 15,435 | 14,966 | 46,838 | 41,991 | 58,186 | ||||||||||||||||||
| Americas 2 |
14,450 | 13,122 | 15,275 | 40,957 | 45,813 | 61,326 | ||||||||||||||||||
| Europe |
8,003 | 6,962 | 7,600 | 20,991 | 21,294 | 29,434 | ||||||||||||||||||
| APMEA |
3,583 | 3,308 | 3,667 | 9,870 | 9,178 | 12,850 | ||||||||||||||||||
| Unallocated |
(1,259 | ) | (1,018 | ) | (2,518 | ) | (1,527 | ) | (5,907 | ) | (10,157 | ) | ||||||||||||
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| Total of IT Services |
41,186 | 37,809 | 38,990 | 117,129 | 112,369 | 151,639 | ||||||||||||||||||
| IT Products |
227 | 101 | 29 | 348 | (201 | ) | (173 | ) | ||||||||||||||||
| Reconciling Items |
(5,678 | ) | (81 | ) | (53 | ) | (8,189 | ) | 16 | (195 | ) | |||||||||||||
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| Total segment result |
35,735 | 37,829 | 38,966 | 109,288 | 112,184 | 151,271 | ||||||||||||||||||
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| Finance expenses |
(3,656 | ) | (3,612 | ) | (4,146 | ) | (10,876 | ) | (11,003 | ) | (14,770 | ) | ||||||||||||
| Finance and other income |
9,232 | 8,455 | 9,708 | 28,104 | 26,383 | 38,202 | ||||||||||||||||||
| Share of net profit/ (loss) of associate and joint venture accounted for using the equity method |
28 | 152 | 5 | 230 | (37 | ) | 254 | |||||||||||||||||
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| Profit before tax |
41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | ||||||||||||||||||
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Notes:
| a) | “Reconciling Items” includes elimination of inter-segment transactions and other corporate activities. |
| b) | Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues. |
| c) | For the purpose of segment reporting, the Company has included the net impact of foreign exchange gains/(losses), net in revenues amounting to ₹ 738, ₹ 558, and ₹ 410 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, ₹ 1,528 and ₹ (192) for the nine months ended December 31, 2025, December 31, 2024, and ₹ 32 for the year ended March 31, 2025, which is reported under foreign exchange gains/(losses), net in the consolidated financial results. |
| d) | Restructuring cost of ₹ 2,629, ₹ Nil and ₹ Nil for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively and ₹ 5,139 and ₹ Nil for the nine months ended December 31, 2025 and 2024, respectively, and ₹ Nil for the year ended March 31, 2025, is included under Reconciling Items, |
| e) | Impact of past service cost on gratuity due to implementation of new labour code amounting: to ₹ 3,028 for the three and nine months ended December 31, 2025, respectively is included under Reconciling items. |
| f) | “Unallocated” within IT Services segment results is after recognition of the below: |
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||
| December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
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| Amortisation and impairment expenses on intangible assets |
2,652 | 1,670 | 1,577 | 5,947 | 6,278 | 7,909 | ||||||||||||||||||
| Change in fair value of contingent consideration |
^ | ^ | — | 48 | (167 | ) | (169 | ) | ||||||||||||||||
^ Value is less than 0.5
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| g) | Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,365, ₹ 1,264 and ₹ 1,712 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively and ₹ 3,065 and ₹ 4,347 for the nine months ended December 31. 2025, December 31, 2024, respectively and ₹ 5,542 for the year ended March 31, 2025. |
| h) | Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and equipment of ₹ (33), ₹ (464) and ₹ 77 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, and ₹ (563) and ₹ (766) for the nine months ended December 31, 2025, December 31, 2024, respectively, and ₹ (606) for the year ended March 31, 2025. |
| 7. | 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 ₹ 841, ₹ Nil, and ₹ Nil for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, and ₹ 841, and ₹ 1,149 for the nine months ended December 31, 2025 and December 31, 2024, respectively, and ₹ 1,155 for the year ended March 31, 2025, as part of depreciation, amortization and impairment expense. |
| 8. | Issue of bonus shares |
During the year ended March 31, 2025, the company concluded bonus issue in the ratio of 1:1 i.e.l (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.
| 9. | On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with IAS 19 – Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Income. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. |
The implementation of the Labour Codes has resulted in an increase of ₹ 3,028 in the provision for defined benefit obligation, which has been recognized as an employee benefit expense in the current reporting period. The Company continues to monitor the finalization of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required.
| 10. | Events after the reporting period |
The Board of Directors in their meeting held on January 16, 2026. declared an interim dividend of ₹ 6 /- (U.S.$ 0.07) per equity share and ADR (300% on an equity share of par value of ₹ 2 /-).
| By order of the Board, | For. Wipro Limited | |
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| Place: Bengaluru | Rishad A. Premji | |
| Date: January 16. 2026 | Chairman |
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