Wipro Ltd 6-K, filed Oct 14, 2022

Wipro Ltd (WIT)

6-K 2022-10-14 For: 2022-10-14

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Added on April 08, 2026

About this 6-K

Wipro Ltd filed this 6-K on October 14, 2022.

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Item

99.1		IFRS Press Release

99.2		Presentation referred by the Company at the Press Conference on October 12, 2022

99.3		Form of Advertisement Placed in Indian Newspapers

99.4		Consolidated Interim Financial Statements under IFRS

99.5		Statutorily Audited Consolidated Financial Results filed with stock exchanges in India

99.6		Data sheet containing operating metrics filed with stock exchanges in India


Contact for Investor Relations		Contact for Media & Press
Aparna Iyer	Abhishek Kumar Jain	Purnima Burman
Phone: +91-80-6142 7139	Phone: +91-80-6142 6143	Phone: +91-80-6142 6450
iyer.aparna@wipro.com	abhishekkumar.jain@wipro.com	purnima.burman@wipro.com


	As at March 31, 2022		As at September 30, 2022
ASSETS
Goodwill		246,989		302,608	3,719
Intangible assets		43,555		48,307	594
Property, plant and equipment		90,898		91,253	1,121
Right-of-Use assets		18,870		19,308	237
Financial assets
Derivative assets		6		125	2
Investments		19,109		21,266	261
Trade receivables		4,765		4,492	55
Other financial assets		6,084		6,080	75
Investments accounted for using the equity method		774		742	9
Deferred tax assets		2,298		3,984	49
Non-current tax assets		10,256		10,234	126
Other non-current assets		14,826		14,872	183

Total non-current assets		458,430		523,271	6,431

Inventories		1,334		2,006	25
Financial assets
Derivative assets		3,032		5,652	69
Investments		241,655		274,341	3,372
Cash and cash equivalents		103,836		73,023	897
Trade receivables		115,219		125,240	1,540
Unbilled receivables		60,809		62,526	768
Other financial assets		42,914		10,882	134
Contract assets		20,647		25,203	310
Current tax assets		2,373		4,458	55
Other current assets		28,933		35,268	433

Total current assets		620,752		618,599	7,603

TOTAL ASSETS		1,079,182		1,141,870	14,034

EQUITY
Share capital		10,964		10,971	135
Share premium		1,566		2,667	33
Retained earnings		551,252		603,002	7,411
Share-based payment reserve		5,258		5,819	72
Special Economic Zone re-investment reserve		47,061		48,404	595
Other components of equity		42,057		46,694	574

Equity attributable to the equity holders of the Company		658,158		717,557	8,820
Non-controlling interests		515		328	4

TOTAL EQUITY		658,673		717,885	8,824

LIABILITIES
Financial liabilities
Loans and borrowings		56,463		60,656	745
Lease liabilities		15,177		15,465	190
Derivative liabilities		48		154	2
Other financial liabilities		2,961		2,946	36
Deferred tax liabilities		12,141		13,388	165
Non-current tax liabilities		17,818		16,461	202
Other non-current liabilities		7,571		8,529	105
Provisions		1		^	^

Total non-current liabilities		112,180		117,599	1,445

Financial liabilities
Loans, borrowings and bank overdrafts		95,233		109,834	1,350
Lease liabilities		9,056		8,633	106
Derivative liabilities		585		7,306	90
Trade payables and accrued expenses		99,034		90,984	1,117
Other financial liabilities		33,110		5,823	72
Contract liabilities		27,915		25,967	319
Current tax liabilities		13,231		22,034	271
Other current liabilities		27,394		33,244	409
Provisions		2,771		2,561	31

Total current liabilities		308,329		306,386	3,765

TOTAL LIABILITIES		420,509		423,985	5,210

TOTAL EQUITY AND LIABILITIES		1,079,182		1,141,870	14,034


	Three months ended September 30,									Six months ended September 30,
	2021			2022			2022			2021			2022			2022
							Convenience translation into US dollar in millions Refer footnote in page 1									Convenience translation into US dollar in millions Refer footnote in page 1
Revenues		196,674			225,397			2,770			379,198			440,683			5,416
Cost of revenues		(137,562	)		(163,835	)		(2,013	)		(265,129	)		(319,435	)		(3,926	)

Gross profit		59,112			61,562			757			114,069			121,248			1,490
Selling and marketing expenses		(13,852	)		(15,140	)		(186	)		(26,869	)		(30,499	)		(375	)
General and administrative expenses		(11,288	)		(14,976	)		(184	)		(21,818	)		(28,447	)		(350	)
Foreign exchange gains/(losses), net		933			1,057			13			2,093			2,091			26
Other operating income		15			—			—			2,165			—			—

Results from operating activities		34,920			32,503			400			69,640			64,393			791
Finance expenses		(1,459	)		(2,270	)		(28	)		(2,205	)		(4,315	)		(53	)
Finance and other income		4,114			4,040			50			8,733			7,730			95
Share of net profit/ (loss) of associates accounted for using the equity method		(10	)		(72	)		(1	)		(3	)		(87	)		(1	)

Profit before tax		37,565			34,201			421			76,165			67,721			832
Income tax expense		(8,259	)		(7,710	)		(95	)		(14,484	)		(15,641	)		(192	)

Profit for the period		29,306			26,491			326			61,681			52,080			640


Profit attributable to:
Equity holders of the Company		29,307			26,590			327			61,628			52,226			642
Non-controlling interests		(1	)		(99	)		(1	)		53			(146	)		(2	)

Profit for the period		29,306			26,491			326			61,681			52,080			640


Earnings per equity share:
Attributable to equity holders of the Company
Basic		5.36			4.86			0.06			11.28			9.55			0.12
Diluted		5.35			4.85			0.06			11.25			9.52			0.12
Weighted average number of equity shares used in computing earnings per equity share
Basic		5,464,831,135			5,476,167,685			5,476,167,685			5,464,021,919			5,473,962,200			5,473,962,200
Diluted		5,480,490,360			5,484,785,054			5,484,785,054			5,478,297,758			5,486,081,940			5,486,081,940


Particulars	Three months ended									Six months ended						Year ended
	September 30, 2022			June 30, 2022			September 30, 2021			September 30, 2022			September 30, 2021			March 31, 2022
	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
Americas 1		65,350			61,702			53,205			127,052			102,888			217,874
Americas 2		70,030			66,613			59,260			136,643			114,365			239,404
Europe		62,684			60,276			58,619			122,960			113,080			233,443
APMEA		25,565			24,257			22,715			49,822			43,947			91,103

Total of IT Services		223,629			212,848			193,799			436,477			374,280			781,824
IT Products		1,249			1,946			1,894			3,195			3,205			6,173
ISRE		1,576			1,526			1,867			3,102			3,804			7,295
Reconciling Items		—			—			47			—			2			(3	)

Total Revenue		226,454			216,320			197,607			442,774			381,291			795,289


Other operating income
IT Services		—			—			15			—			2,165			2,186

Total Other operating income		—			—			15			—			2,165			2,186


Segment Result
IT Services
Americas 1		12,358			11,030			10,521			23,388			19,900			42,820
Americas 2		14,219			12,454			11,819			26,673			23,169			47,376
Europe		7,875			7,374			9,186			15,249			17,511			35,739
APMEA		2,194			1,604			3,028			3,798			6,094			10,523
Unallocated		(2,845	)		(630	)		(156	)		(3,475	)		(100	)		434
Other operating income		—			—			15			—			2,165			2,186

Total of IT Services		33,801			31,832			34,413			65,633			68,739			139,078

IT Products		(103	)		(55	)		94			(158	)		41			115
ISRE		146			173			393			319			868			1,173
Reconciling Items		(1,341	)		(60	)		20			(1,401	)		(8	)		(80	)

Total Segment result		32,503			31,890			34,920			64,393			69,640			140,286
Finance expenses		(2,270	)		(2,045	)		(1,459	)		(4,315	)		(2,205	)		(5,325	)
Finance and Other Income		4,040			3,690			4,114			7,730			8,733			16,257
Share of net profit/ (loss) of associates accounted for using the equity method		(72	)		(15	)		(10	)		(87	)		(3	)		57

Profit before tax		34,201			33,520			37,565			67,721			76,165			151,275


IT Services Revenue as per IFRS	$	2,797.7
Effect of Foreign currency exchange movement	$	50.5

Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,848.2


	Amount in INR Mn
	Three months ended September 30, 2022			Six months ended September 30, 2022
Net Income for the period [A]		26,590			52,226
Computation of Free Cash Flow
Net cash generated from operating activities		48,009			49,793
Add/ (deduct) cash inflow/ (outflow)on:
Purchase of property, plant and equipment		(3,875	)		(8,737	)
Proceeds from sale of property, plant and equipment		14			181

Free Cash Flow [B]		44,148			41,237

Free Cash Flow as percentage of Net Income [B/A]		166.0	%		79.0	%


		By Order of the Board,

		For Wipro Limited

Place: Bengaluru		Rishad A. Premji

Date: October 12, 2022		Chairman


	Notes		As at March 31, 2022		As at September 30, 2022
ASSETS
Goodwill		6		246,989		302,608	3,719
Intangible assets		6		43,555		48,307	594
Property, plant and equipment		4		90,898		91,253	1,121
Right-of-Use assets		5		18,870		19,308	237
Financial assets
Derivative assets		17		6		125	2
Investments		8		19,109		21,266	261
Trade receivables				4,765		4,492	55
Other financial assets		11		6,084		6,080	75
Investments accounted for using the equity method				774		742	9
Deferred tax assets				2,298		3,984	49
Non-current tax assets				10,256		10,234	126
Other non-current assets		12		14,826		14,872	183

Total non-current assets				458,430		523,271	6,431

Inventories		9		1,334		2,006	25
Financial assets
Derivative assets		17		3,032		5,652	69
Investments		8		241,655		274,341	3,372
Cash and cash equivalents		10		103,836		73,023	897
Trade receivables				115,219		125,240	1,540
Unbilled receivables				60,809		62,526	768
Other financial assets		11		42,914		10,882	134
Contract assets				20,647		25,203	310
Current tax assets				2,373		4,458	55
Other current assets		12		28,933		35,268	433

Total current assets				620,752		618,599	7,603

TOTAL ASSETS				1,079,182		1,141,870	14,034

EQUITY
Share capital				10,964		10,971	135
Share premium				1,566		2,667	33
Retained earnings				551,252		603,002	7,411
Share-based payment reserve				5,258		5,819	72
Special Economic Zone re-investment reserve				47,061		48,404	595
Other components of equity				42,057		46,694	574

Equity attributable to the equity holders of the Company				658,158		717,557	8,820
Non-controlling interests				515		328	4

TOTAL EQUITY				658,673		717,885	8,824

LIABILITIES
Financial liabilities
Loans and borrowings		13		56,463		60,656	745
Lease liabilities				15,177		15,465	190
Derivative liabilities		17		48		154	2
Other financial liabilities		14		2,961		2,946	36
Deferred tax liabilities				12,141		13,388	165
Non-current tax liabilities				17,818		16,461	202
Other non-current liabilities		15		7,571		8,529	105
Provisions		16		1		^	^

Total non-current liabilities				112,180		117,599	1,445

Financial liabilities
Loans, borrowings and bank overdrafts		13		95,233		109,834	1,350
Lease liabilities				9,056		8,633	106
Derivative liabilities		17		585		7,306	90
Trade payables and accrued expenses				99,034		90,984	1,117
Other financial liabilities		14		33,110		5,823	72
Contract liabilities				27,915		25,967	319
Current tax liabilities				13,231		22,034	271
Other current liabilities		15		27,394		33,244	409
Provisions		16		2,771		2,561	31

Total current liabilities				308,329		306,386	3,765

TOTAL LIABILITIES				420,509		423,985	5,210

TOTAL EQUITY AND LIABILITIES				1,079,182		1,141,870	14,034


As per our report of even date attached	For and on behalf of the Board of Directors

for Deloitte Haskins & Sells LLP Chartered Accountants Firm Registration No: 117366W/W - 100018	Rishad A. Premji Chairman	Deepak M. Satwalekar Director	Thierry Delaporte Chief Executive Officer and Managing Director

Anand Subramanian Partner	Jatin Pravinchandra Dalal Chief Financial Officer		M. Sanaulla Khan Company Secretary
Membership No. 110815

Bengaluru
October 12, 2022


															Other components of equity								Non- controlling interests			Total equity
Particulars	Number of shares⁽¹⁾		Share capital, fully paid- up		Share premium		Retained earnings			Share- based payment reserve			Special Economic Zone re- investment reserve		Foreign currency translation reserve⁽²⁾		Cash flow hedging reserve		Other reserves⁽²⁾		Equity attributable to the equity holders of the Company		Non- controlling interests			Total equity
As at April 1, 2021		5,479,138,555		10,958		714		466,692			3,071			41,154		22,936		1,730		5,840		553,095		1,498			554,593
Comprehensive income for the period
Profit for the period				—		—		61,628			—			—		—		—		—		61,628		53			61,681
Other comprehensive income				—		—		—			—			—		82		619		4,633		5,334		23			5,357

Total comprehensive income for the period				—		—		61,628			—			—		82		619		4,633		66,962		76			67,038

Issue of equity shares on exercise of options		1,680,642		4		450		—			(450	)		—		—		—		—		4		—			4
Issue of shares by controlled trust on exercise of options⁽¹⁾		—		—		—		413			(413	)		—		—		—		—		—		—			—
Compensation cost related to employee share-based payment		—		—		—		4			1,599			—		—		—		—		1,603		—			1,603
Transferred to special economic zone reinvestment reserve		—		—		—		(2,083	)		—			2,083		—		—		—		—		—			—
Dividend		—		—		—		—			—			—		—		—		—		—		(442	)		(442	)
Others		—		—		—		—			—			—		—		—		—		—		(44	)		(44	)

Other transactions for the period		1,680,642		4		450		(1,666	)		736			2,083		—		—		—		1,607		(486	)		1,121

As at September 30, 2021		5,480,819,197		10,962		1,164		526,654			3,807			43,237		23,018		2,349		10,473		621,664		1,088			622,752


	Land			Buildings			Plant and equipment*			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	3,815		₹	39,414		₹	110,855		₹	20,692		₹	418		₹	175,194
Additions		961			185			6,989			1,134			2			9,271
Additions through business combinations		—			—			347			336			3			686
Disposals		(30	)		(170	)		(1,716	)		(417	)		(105	)		(2,438	)
Translation adjustment		—			6			127			6			1			140

As at September 30, 2021	₹	4,746		₹	39,435		₹	116,602		₹	21,751		₹	319		₹	182,853
Accumulated depreciation/ impairment:
As at April 1, 2021	₹	—		₹	8,785		₹	85,040		₹	15,089		₹	397		₹	109,311
Depreciation and impairment		—			843			5,933			1,029			5			7,810
Disposals		—			(170	)		(1,457	)		(371	)		(104	)		(2,102	)
Translation adjustment		—			1			100			13			1			115

As at September 30, 2021	₹	—		₹	9,459		₹	89,616		₹	15,760		₹	299		₹	115,134
Capital work-in-progress																₹	21,094

Net carrying value including Capital work-in-progress as at September 30, 2021																₹	88,813

Gross carrying value:
As at April 1, 2021	₹	3,815		₹	39,414		₹	110,855		₹	20,692		₹	418		₹	175,194
Additions		1,031			1,676			19,411			2,384			7			24,509
Additions through business combinations		—			—			370			335			3			708
Disposals		(30	)		(440	)		(7,863	)		(826	)		(115	)		(9,274	)
Translation adjustment		(3	)		36			698			60			4			795

As at March 31, 2022	₹	4,813		₹	40,686		₹	123,471		₹	22,645		₹	317		₹	191,932
Accumulated depreciation/ impairment:
As at April 1, 2021	₹	—		₹	8,785		₹	85,040		₹	15,089		₹	397		₹	109,311
Depreciation and impairment		—			1,536			12,305			2,141			10			15,992
Disposals		—			(346	)		(7,451	)		(725	)		(112	)		(8,634	)
Translation adjustment		—			28			571			52			2			653

As at March 31, 2022	₹	—		₹	10,003		₹	90,465		₹	16,557		₹	297		₹	117,322
Capital work-in-progress																₹	16,288

Net carrying value including Capital work-in-progress as at March 31, 2022																₹	90,898

Gross carrying value:
As at April 1, 2022	₹	4,813		₹	40,686		₹	123,471		₹	22,645		₹	317		₹	191,932
Additions		—			54			6,390			855			3			7,302
Additions through business combinations		—			7			357			6			3			373
Disposals		(3	)		(47	)		(1,361	)		(79	)		(1	)		(1,491	)
Translation adjustment		(9	)		(60	)		307			(25	)		—			213

As at September 30, 2022	₹	4,801		₹	40,640		₹	129,164		₹	23,402		₹	322		₹	198,329
Accumulated depreciation/ impairment:
As at April 1, 2022	₹	—		₹	10,003		₹	90,465		₹	16,557		₹	297		₹	117,322
Depreciation and impairment		—			618			6,777			1,097			4			8,496
Disposals		—			(40	)		(1,298	)		(77	)		(1	)		(1,416	)
Translation adjustment		—			(9	)		353			(4	)		—			340

As at September 30, 2022	₹	—		₹	10,572		₹	96,297		₹	17,573		₹	300		₹	124,742
Capital work-in-progress																₹	17,666

Net carrying value including Capital work-in-progress as at September 30, 2022																₹	91,253


	Category of Right-of-Use asset
	Land			Buildings			Plant and equipment*			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	2,082		₹	18,844		₹	3,918		₹	926		₹	25,770
Additions		15			3,367			380			65			3,827
Additions through business combinations		—			2,922			—			36			2,958
Disposals		(801	)		(1,477	)		(920	)		(57	)		(3,255	)
Translation adjustment		—			(36	)		29			(2	)		(9	)

As at September 30, 2021	₹	1,296		₹	23,620		₹	3,407		₹	968		₹	29,291

Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		14			2,747			482			143			3,386
Disposals		(20	)		(1,133	)		(573	)		(40	)		(1,766	)
Translation adjustment		—			(3	)		21			(2	)		16

As at September 30, 2021	₹	49		₹	8,314		₹	2,087		₹	536		₹	10,986

Net carrying value as at September 30, 2021													₹	18,305

Gross carrying value:
As at April 1, 2021	₹	2,082		₹	18,844		₹	3,918		₹	926		₹	25,770
Additions		15			7,517			429			105			8,066
Additions through business combinations		—			2,920			—			36			2,956
Disposals		(819	)		(3,360	)		(1,861	)		(149	)		(6,189	)
Translation adjustment		—			72			25			(14	)		83

As at March 31, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686

Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		24			5,572			849			264			6,709
Disposals		(21	)		(2,667	)		(1,518	)		(121	)		(4,327	)
Translation adjustment		—			68			24			(8	)		84

As at March 31, 2022	₹	58		₹	9,676		₹	1,512		₹	570		₹	11,816

Net carrying value as at March 31, 2022													₹	18,870

Gross carrying value:
As at April 1, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686
Additions		—			3,433			314			88			3,835
Additions through business combinations		—			201			—			—			201
Disposals		—			(1,962	)		—			(152	)		(2,114	)
Translation adjustment		—			(101	)		(35	)		(33	)		(169	)

As at September 30, 2022	₹	1,278		₹	27,564		₹	2,790		₹	807		₹	32,439

Accumulated depreciation:
As at April 1, 2022	₹	58		₹	9,676		₹	1,512		₹	570		₹	11,816
Depreciation		9			2,786			273			124			3,192
Disposals		—			(1,713	)		—			(122	)		(1,835	)
Translation adjustment		—			(27	)		4			(19	)		(42	)

As at September 30, 2022	₹	67		₹	10,722		₹	1,789		₹	553		₹	13,131

Net carrying value as at September 30, 2022													₹	19,308


	For the period ended
	March 31, 2022		September 30, 2022
Balance at the beginning of the period	₹	139,127	₹	246,989
Translation adjustment		5,293		14,220
Acquisition through business combinations* (Refer to Note 7)		102,569		41,399

Balance at the end of the period	₹	246,989	₹	302,608


	Intangible assets
	Customer- related			Marketing- related			Total
Gross carrying value:
As at April 1, 2021	₹	26,326		₹	1,611		₹	27,937
Acquisition through business combinations		26,021			8,544			34,565
Deductions/adjustments		(9,225	)		(214	)		(9,439	)
Translation adjustment		309			(11	)		298

As at September 30, 2021	₹	43,431		₹	9,930		₹	53,361
Accumulated amortization/ impairment:
As at April 1, 2021	₹	14,248		₹	604		₹	14,852
Amortization and impairment		4,329			582			4,911
Deductions/Adjustments		(9,225	)		(214	)		(9,439	)
Translation adjustment		223			6			229

As at September 30, 2021	₹	9,575		₹	978		₹	10,553

Net carrying value as at September 30, 2021	₹	33,856		₹	8,952		₹	42,808

Gross carrying value:
As at April 1, 2021	₹	26,326		₹	1,611		₹	27,937
Acquisition through business combinations		27,834			9,814			37,648
Deductions/adjustments		(11,984	)		(215	)		(12,199	)
Translation adjustment		1,190			218			1,408

As at March 31, 2022	₹	43,366		₹	11,428		₹	54,794
Accumulated amortization/ impairment:
As at April 1, 2021	₹	14,248		₹	604		₹	14,852
Amortization and impairment		6,872			1,338			8,210
Deductions/adjustments		(11,984	)		(215	)		(12,199	)
Translation adjustment		347			29			376

As at March 31, 2022	₹	9,483		₹	1,756		₹	11,239

Net carrying value as at March 31, 2022	₹	33,883		₹	9,672		₹	43,555

Gross carrying value:
As at April 1, 2022	₹	43,366		₹	11,428		₹	54,794
Acquisition through business combinations (Refer to Note 7)		5,480			482			5,962
Deductions/adjustments⁽¹⁾		(39	)		—			(39	)
Translation adjustment		2,713			720			3,433

As at September 30, 2022	₹	51,520		₹	12,630		₹	64,150
Accumulated amortization/ impairment:
As at April 1, 2022	₹	9,483		₹	1,756		₹	11,239
Amortization and impairment		3,111			908			4,019
Translation adjustment		486			99			585

As at September 30, 2022	₹	13,080		₹	2,763		₹	15,843

Net carrying value as at As at September 30, 2022	₹	38,440		₹	9,867		₹	48,307


Description	CAS Group		Rizing
Net assets	₹	524	₹	4,120
Fair value of customer-related intangibles		1,617		3,863
Fair value of marketing-related intangibles		—		482
Deferred tax liabilities on intangible assets		—		(1,738	)

Total	₹	2,141	₹	6,727

Goodwill		3,446		37,895

Total purchase price	₹	5,587	₹	44,622

Net Assets include:
Cash and cash equivalents	₹	127	₹	2,117
Fair value of acquired trade receivables included in net assets	₹	451	₹	3,228
Gross contractual amount of acquired trade receivables	₹	451	₹	3,241
Less: Allowance for lifetime expected credit loss		—		(13	)

Transaction costs included in general and administrative expenses	₹	19	₹	99


	As at
	March 31, 2022		September 30, 2022
Non-current
Financial instruments at FVTPL
Equity instruments	₹	1,976	₹	3,472
Fixed maturity plan mutual funds		513		511
Financial instruments at FVTOCI
Equity instruments		14,963		16,863
Financial instruments at amortized cost
Inter corporate and term deposits		1,657		420

	₹	19,109	₹	21,266
Current
Financial instruments at FVTPL
Short-term mutual funds	₹	15,550	₹	39,204
Financial instruments at FVTOCI
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839		219,644


	As at
	September 30, 2021			September 30, 2022
Cash and cash equivalents	₹	142,026		₹	73,023
Bank overdrafts		(9	)		(2	)

	₹	142,017		₹	73,021


	(in millions)
	As at
	March 31, 2022					September 30, 2022
	Notional		Fair value			Notional		Fair value
Designated derivative instruments
Sell: Forward contracts	USD	1,413	₹	509		USD	1,134	₹	(3,391	)
	€	191	₹	668		€	138	₹	971
	£	173	₹	645		£	137	₹	1,521
	AUD	170	₹	(217	)	AUD	137	₹	540

Range forward option contracts	USD	493	₹	217		USD	897	₹	(1,349	)
	€	6	₹	8		€	55	₹	245
	£	28	₹	119		£	65	₹	473
	AUD	11	₹	(6	)	AUD	44	₹	170

Interest Rate Swaps	INR	—	₹	—		INR	5,000	₹	(144	)
	USD	—	₹	—		USD	100	₹	178

Non-designated derivative instruments
Sell: Forward contracts*	USD	1,452	₹	536		USD	1,645	₹	(1,635	)
	€	109	₹	1		€	204	₹	110
	£	91	₹	81		£	116	₹	130
	AUD	47	₹	(122	)	AUD	65	₹	233
	SGD	4	₹	(1	)	SGD	12	₹	14
	ZAR	8	₹	^		ZAR	—	₹	—
	CAD	47	₹	(25	)	CAD	83	₹	225
	SAR	33	₹	(1	)	SAR	112	₹	(2	)
	PLN	14	₹	(2	)	PLN	29	₹	7
	CHF	5	₹	(5	)	CHF	4	₹	6
	QAR	11	₹	(4	)	QAR	4	₹	(2	)
	TRY	30	₹	6		TRY	30	₹	(8	)
	NOK	13	₹	(3	)	NOK	13	₹	10
	OMR	2	₹	^		OMR	1	₹	^
	SEK	17	₹	(2	)	SEK	3	₹	(1	)
	JPY	513	₹	20		JPY	940	₹	13
	DKK	2	₹	^		DKK	2	₹	1
	AED	—	₹	—		AED	38	₹	^
	CNH	—	₹	—		CNH	1	₹	1


Particular	As at March 31, 2022											As at September 30, 2022
	Fair value measurements at reporting date											Fair value measurements at reporting date
	Total			Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3
Assets
Derivative instruments:
Cash flow hedges	₹	2,242		₹	—	₹	2,242		₹	—		₹	4,321		₹	—	₹	4,321		₹	—
Others		796			—		796			—			1,456			—		1,456			—
Investments:
Short-term mutual funds		15,550			15,550		—			—			39,204			39,204		—			—
Fixed maturity plan mutual funds		513			—		513			—			511			—		511			—
Equity instruments		16,939			41		574			16,324			20,335			41		807			19,487
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839			1,251		203,588			—			219,644			1,220		218,424			—

Liabilities
Derivative instruments:
Cash flow hedges	₹	(299	)	₹	—	₹	(299	)	₹	—		₹	(5,107	)	₹	—	₹	(5,107	)	₹	—
Others		(334	)		—		(334	)		—			(2,353	)		—		(2,353	)		—
Contingent consideration		(4,329	)		—		—			(4,329	)		(4,994	)		—		—			(4,994	)


	As at
Investment in equity instruments	March 31, 2022			September 30, 2022
Balance at the beginning of the period	₹	10,227		₹	16,324
Additions		3,973			1,318
Disposals		(7,697	)		(216	)
Unrealized gain recognized in statement of income		40			33
Gain recognized in other comprehensive income		9,423			1,200
Translation adjustment		358			828

Balance at the end of the period	₹	16,324		₹	19,487


	IT Services										IT Products		ISRE		Total
	Americas 1		Americas 2		Europe		APMEA		Total		IT Products		ISRE		Total
A. Revenue
Rendering of services	₹	52,997	₹	58,998	₹	58,328	₹	22,590	₹	192,913	₹	—	₹	1,867	₹	194,780
Sale of products		—		—		—		—		—		1,894		—		1,894

	₹	52,997	₹	58,998	₹	58,328	₹	22,590	₹	192,913	₹	1,894	₹	1,867	₹	196,674

B. Revenue by sector
Banking, Financial Services and Insurance	₹	144	₹	35,865	₹	23,545	₹	7,596	₹	67,150
Health		18,297		25		3,338		857		22,517
Consumer		22,012		597		7,708		3,031		33,348
Communications		2,318		295		3,489		3,581		9,683
Energy, Natural Resources and Utilities		153		8,972		9,848		4,818		23,791
Manufacturing		59		6,384		5,791		749		12,983
Technology		10,014		6,860		4,609		1,958		23,441

	₹	52,997	₹	58,998	₹	58,328	₹	22,590	₹	192,913	₹	1,894	₹	1,867	₹	196,674

C. Revenue by nature of contract
Fixed price and volume based	₹	28,707	₹	32,917	₹	34,868	₹	13,978	₹	110,470	₹	—	₹	1,378	₹	111,848
Time and materials		24,290		26,081		23,460		8,612		82,443		—		489		82,932
Products		—		—		—		—		—		1,894		—		1,894

	₹	52,997	₹	58,998	₹	58,328	₹	22,590	₹	192,913	₹	1,894	₹	1,867	₹	196,674


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Attune Consulting India Private Limited			India
Capco Technologies Private Limited			India
Encore Theme Technologies Private Limited⁽³⁾			India
Wipro Chengdu Limited			China
Wipro Holdings (UK) Limited			UK
	Designit A/S		Denmark
		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Spain Digital, S.L.U	Spain
		Designit Sweden AB	Sweden
		Designit T.L.V Ltd.	Israel
	Wipro 4C NV		Belgium
		Wipro 4C Consulting France SAS	France
		Wipro 4C Danmark ApS	Denmark
		Wipro 4C Nederland B.V	Netherlands
		Wipro Weare4C UK Limited⁽¹⁾	UK
	Wipro Bahrain Limited Co. W.L.L		Bahrain
	Wipro Financial Outsourcing Services Limited (Formerly known as Wipro Europe Limited)		UK
		Wipro UK Limited	UK
	Wipro Financial Services UK Limited		UK
	Wipro Gulf LLC		Sultanate of Oman
	Wipro IT Services S.R.L.		Romania
Wipro HR Services India Private Limited			India


Name of the entity		Country of incorporation
Capco (Canada) LP⁽⁶⁾		Canada
Wipro Equity Reward Trust		India
Wipro Foundation		India


As per our report of even date attached	For and on behalf of the Board of Directors

for Deloitte Haskins & Sells LLP	Rishad A. Premji	Deepak M. Satwalekar	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer and
Firm Registration No: 117366W/W - 100018			Managing Director

Anand Subramanian	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 110815
Bengaluru
October 12, 2022