UNITED STATES SECURITIES ANDEXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report ofForeign Private Issuer

Pursuant to Rule 13a-16 or15d-16 under the Securities Exchange Act of 1934

For the month of January 2021

Commission File Number 001-16139

Wipro Limited

(Exactname of Registrant as specified in its charter)

NotApplicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

SarjapurRoad

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

(Address of principal executiveoffices)

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

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐ No ☒

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

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐ No ☒

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

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

We hereby furnish the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter ended December 31, 2020. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On January 13, 2021, we announced our results of operations for the quarter ended December 31, 2020. We issued a press release announcing our results under IFRS, a copy of which is attached to this Form 6-K as Item 99.1.

On January 13, 2021, we held a virtual press conference to announce our results. The presentation made by the registrant at the press conference is attached to this Form 6-K as Item 99.2.

We placed advertisements in certain Indian newspapers concerning our results of operations for the quarter ended December 31, 2020 under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.3.

We made available on our website the Condensed Consolidated Interim Financial Statements as of and for the three months ended December 31, 2020 under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.4.

We filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the three months ended December 31, 2020 under IFRS. A copy of such financial statements is attached to this Form 6-K as Item 99.5.

We filed with stock exchanges in India a datasheet containing operating metrics for the quarter ended December 31, 2020. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on January 13, 2021
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

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/ Jatin Pravinchandra Dalal
Jatin Pravinchandra Dalal
Chief Financial Officer

Dated: January 15, 2021

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the Quarter ended December 31, 2020 under IFRS

IT Services Revenue growth at 3.9% QoQ, highest in 36 quarters

Net Income for the quarter increased by 20.8% YoY

Bangalore, India and East Brunswick, New Jersey, USA – January 13, 2021—Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2020.

Highlightsof the Results

Results for the Quarter ended December 31, 2020:

•	Gross Revenue was<br>₹156.7 billion ($2.1 billion^1^), an increase of 3.7% QoQ and 1.3% YoY
•	IT Services Segment Revenue was at $2,071 million, a sequential growth of 3.9%
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•	Non-GAAP^2^ constant<br>currency IT Services Segment Revenue increased by 3.4% QoQ
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•	IT Services Operating Margin^3^for the quarter was at 21.7%,<br>an expansion of 243 bps QoQ and 329 bps YoY
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•	Net Income for the quarter was<br>₹29.7 billion ($406 million^1^), an increase of 20.8% YoY
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•	Earnings Per Share for the quarter was at<br>₹5.21 ($0.07^1^), an increase of 20.7% YoY
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•	Operating Cash Flow was at<br>₹44.3 billion ($607 million^1^), which is 149.4% of Net Income
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•	Wipro declared an interim dividend of<br>₹1 ($0.014^1^) per equity share/ADS
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Performance for the quarter ended December 31, 2020

Thierry Delaporte, CEO and Managing Director said, “Wipro has delivered a second consecutive quarter of strong performance on order booking, revenue and margins. Five of our sectors grew over 4% sequentially. We closed our largest ever deal win in Continental Europe. The demand environment is steadily improving, especially for digital transformation, digital operations, and cloud services. I am also pleased to share with you that we have moved into our new organization structure and are stabilizing quickly.”

Jatin Dalal,Chief Financial Officer said, “Our margins are now at a 22 quarters high. The expansion was led by improved revenue growth trajectory and excellence in operations with several metrics at an all-time high. Our Operating Cash Flows grew by 45% YoY with a significant improvement in outstanding receivables.”

Outlook for the quarter endingMarch 31, 2021

We expect Revenue from our IT Services business to be in the range of $2,102 million to $2,143 million*. This translates to a sequential growth of 1.5% to 3.5%.

* Outlook is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.20, AUD/USD at 0.73, USD/INR at 73.84 and CAD/USD at 0.76

1.	For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into<br>United States Dollars at the certified foreign exchange rate of US$1 = ₹73.01, as published by the Federal Reserve Board of Governors on December 31, 2020.<br>However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2020 was US$1= ₹74.04
2.	Constant currency revenue for a period is the product of volumes in that period times the average actual<br>exchange rate of the corresponding comparative period
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3.	IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials<br>
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IT Services

Wipro continued its momentum in winning large deals with our customers as described below:

•	Wipro has secured a contract for the upstream and downstream business of a<br>UK-based energy company to transform their existing application maintenance services to a DevOps model, aligned with their new digital organization. This will enable the client to be more agile and respond<br>swiftly to the changing business demands while ensuring cost optimization.
•	Wipro has won an engagement with a global new-age technology corporation<br>to provide B2B customer and technology support for their business communication platform. Wipro will also provide account review services to determine any unauthorized access, and offer Quality as a Service (QaaS) to the client.<br>
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•	Wipro has won an engagement with a US-based public relations and media<br>services company to streamline its operations across US, Canada, UK, Europe, India, and APAC, in addition to consolidating its supplier base.
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•	Wipro has secured a contract from a large US-based telecom service<br>provider to manage their sales support and sales request functions for the order management process. As part of the engagement, Wipro will bring about technology transformation to reduce the cycle time for order processing, ensuring faster<br>deployment of services.
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•	A global energy corporation has awarded Wipro a multi-year contract to provide digital services. The engagement<br>includes support and development of business and enterprise applications for the upstream, midstream and downstream lines of business and corporate functions of the company.
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Digital & Cloud Application Services Highlights

We continue to see increasing traction in digital oriented deals as illustrated below:

•	A global beverage company has selected Designit, a Wipro company, to support a new product and service in the<br>area of public and semi-public vending. Designit will analyze market and consumer insights and create vision concepts for the launch.
•	A US-based network software provider has awarded Wipro a contract to co-develop their 5G Radio Unit product and variants for global markets. The deal encompasses system architecture, software/hardware design, development, integration and validation to enable the customer achieve<br>faster and cost-effective time-to-market.
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•	A European multinational manufacturing company has awarded Wipro a contract to provide cloud managed services,<br>application testing platforms and managed security services. Wipro will provide innovative solutions for Cloud access security, application security and vulnerability management using AI-based<br>orchestration & automation.
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•	Wipro’s crowdsourcing platform Topcoder has won an engagement with a leading<br>US-based pharmaceutical company to provide on-demand digital talent and development capability to their R&D Data Science Team. As part of the engagement,<br>Topcoder’s Platform and Data Science Community was leveraged to validate a COVID prediction model, operationalize it for use with customer data, and develop visualizations for the effort, all in under four weeks. The client had worked with<br>Topcoder in June 2020 to plan for COVID vaccine trials.
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Analyst Recognition

•	Wipro was positioned as a Leader in Gartner Magic Quadrant for Managed Network Services, Ted Corbett, Lisa<br>Pierce, Danellie Young et al., 9 Nov 2020
•	Wipro was positioned as a Leader in IDC MarketScape Asia/Pacific Salesforce Implementation Services 2020 Vendor<br>Assessment (Doc #AP46211420, Nov 2020)
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•	Wipro was positioned as a Leader in IDC MarketScape Worldwide Life Science Sales and Marketing Digital<br>Transformation 2020 Vendor Assessment (Doc #US42724918, Dec 2020)
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•	Wipro was recognized as a Leader in IDC MarketScape GCC Professional Security Services 2020 Vendor Assessment<br>(Doc #META47033220, Dec 2020)
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•	Wipro was positioned as a Leader in IDC MarketScape Worldwide Retail Commerce Platform Service Providers 2020<br>Vendor Assessment (Doc #US46162920, Dec 2020)
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•	Wipro was positioned as a Leader in Everest Group’s System Integrator (SI) Capabilities on Amazon Web<br>Services (AWS), Microsoft Azure Services and Google Cloud Platform (GCP) Services PEAK Matrix^®^ Assessments 2021
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•	Wipro was recognized as a Leader and Star Performer in Everest Group’s Application and Digital Services<br>(ADS) in Life and Annuities (L&A) Insurance PEAK Matrix^®^ Assessment 2021
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•	Wipro was recognized as a Leader in Everest Group’s Artificial Intelligence (AI) Services PEAK Matrix^®^ Assessment 2021
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•	Wipro Ranks #2 for Customer Satisfaction in Whitelane 2020 French IT Sourcing Study
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Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users toselect only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims allwarranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

IT Products

•	IT Products Segment Revenue for the quarter was<br>₹1.6 billion ($21.3 million^1^)
•	IT Products Segment Results for the quarter was a profit of ₹0.09 billion ($1.2 million^1^)
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India business from State Run Enterprises (ISRE)

•	India SRE Segment Revenue for the quarter was<br>₹2.4 billion ($32.8 million^1^)
•	India SRE Segment Results for the quarter was a profit of ₹0.47 billion ($6.5 million^1^)
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Please refer to the table on page 9 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Non-GAAP Financial Measures

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

The table on page 9 provides IT Services Revenue on a constant currency basis, which is a non-GAAP financial measure that is calculated by translating IT Services Revenue from the current reporting period into U.S. dollars based on the currency conversion rate in effect for the prior reporting period. We refer to growth rates in constant currency so that business results may be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

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This non-GAAP financial measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, the most directly comparable financial measure calculated in accordance with IFRS and may be different from non-GAAP measures used by other companies. In addition to this non-GAAP measure, the financial statements prepared in accordance with IFRS and the reconciliation of these non-GAAP financial measures with the most directly comparable IFRS financial measure should be carefully evaluated.

Results for the quarter ended December 31, 2020, prepared under IFRS, along with individual business segment reports, are available in the Investorssection of our website www.wipro.com

Quarterly Conference Call

We will hold an earnings conference call today at 07:45 p.m. Indian Standard Time (09:15 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a web-cast and can be accessed at the following link- https://links.ccwebcast.com/?EventId=WIPRO30121

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

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Contact for Investor Relations		Contact for Media & Press
Aparna Iyer	Abhishek Kumar Jain	Vipin Nair
Phone: +91-80-6142 7139	Phone: +91-9845791363	Phone: +91-80-6142 6450
iyer.aparna@wipro.com	abhishekkumar.jain@wipro.com	vipin.nair1@wipro.com

Forward-Looking Statements

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

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

# # (Tables to follow)

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WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

	As at March 31, 2020		As at December 31, 2020
					Convenience translationinto US dollar in millionsRefer footnote 1 in page 1
ASSETS
Goodwill		131,012		136,322		1,867
Intangible assets		16,362		13,056		179
Property, plant and equipment		81,120		83,372		1,142
Right-of-Use<br>assets		16,748		15,427		211
Financial assets
Derivative assets		—		51		1
Investments		9,302		8,679		119
Trade receivables		6,049		4,613		63
Other financial assets		5,881		6,657		91
Investments accounted for using the equity method		1,383		1,459		20
Deferred tax assets		6,005		1,690		23
Non-current tax assets		11,414		14,020		192
Other non-current assets		11,935		11,433		157
Total non-current assets	****	297,211	****	296,779	****	4,065
Inventories		1,865		1,205		17
Financial assets
Derivative assets		3,025		4,088		56
Investments		189,635		312,909		4,286
Cash and cash equivalents		144,499		139,435		1,910
Trade receivables		104,474		91,841		1,258
Unbilled receivables		25,209		23,105		316
Other financial assets		8,614		9,028		124
Contract assets		17,143		14,847		203
Current tax assets		2,882		2,354		32
Other current assets		22,505		22,144		303
Total current assets	****	519,851	****	620,956	****	8,505
TOTAL ASSETS	****	817,062	****	917,735	****	12,570
EQUITY
Share capital		11,427		11,431		157
Share premium		1,275		1,815		25
Retained earnings		476,103		424,275		5,811
Share-based payment reserve		1,550		1,765		24
SEZ Re-investment reserve		43,804		57,217		784
Other components of equity		23,299		30,647		420
Equity attributable to the equity holders of the Company	****	557,458	****	527,150	****	7,221
Non-controlling interest		1,875		1,489		20
TOTAL EQUITY	****	559,333	****	528,639	****	7,241
LIABILITIES
Financial liabilities
Loans and borrowings		4,840		213		3
Derivative liabilities		138		—		—
Lease liabilities		12,638		12,894		177
Other financial liabilities		151		929		13
Deferred tax liabilities		2,825		5,181		71
Non-current tax liabilities		13,205		12,442		170
Other non-current liabilities		7,537		7,803		107
Provisions		2		1		^
Total non-current liabilities	****	41,336	****	39,463	****	541
Financial liabilities
Loans, borrowings and bank overdrafts		73,202		73,256		1,003
Derivative liabilities		7,231		3,467		47
Trade payables and accrued expenses		78,129		83,461		1,143
Lease liabilities		6,560		7,502		103
Other financial liabilities		899		96,604		1,323
Contract liabilities		18,775		22,118		303
Current tax liabilities		11,731		15,913		218
Other current liabilities		19,254		46,627		639
Provisions		612		685		9
Total current liabilities	****	216,393	****	349,633	****	4,788
TOTAL LIABILITIES	****	257,729	****	389,096	****	5,329
TOTAL EQUITY AND LIABILITIES	****	817,062	****	917,735	****	12,570
^	Value is less than 1
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WIPRO LIMITED AND SUBSIDIARIES<br>INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME<br>( in millions, except share and per share<br>data, unless otherwise stated)
									Nine months ended December 31,
			2020			2020			2019			2020			2020
						Conveniencetranslation intoUS dollar inmillions<br>Refer footnote 1in page 1									Conveniencetranslation intoUS dollar inmillions<br>Refer footnote 1in page 1
Revenues	154,705			156,700			2,146			453,122			456,976			6,259
Cost of revenues	(109,673	)		(104,313	)		(1,429	)		(321,952	)		(313,400	)		(4,293	)
Gross profit	45,032	****	****	52,387	****	****	717	****	****	131,170	****	****	143,576	****	****	1,966	****
Selling and marketing expenses	(11,030	)		(11,326	)		(155	)		(32,612	)		(30,721	)		(421	)
General and administrative expenses	(7,496	)		(7,814	)		(107	)		(22,142	)		(25,997	)		(356	)
Foreign exchange gains	727			566			8			2,176			2,109			29
Other operating income/(loss), net	—			—			—			749			(81	)		(1	)
Results from operating activities	27,233	****	****	33,813	****	****	463	****	****	79,341	****	****	88,886	****	****	1,217	****
Finance expenses	(1,844	)		(1,400	)		(19	)		(5,675	)		(3,966	)		(54	)
Finance and other income	5,370			5,975			82			19,174			16,465			226
Share of net profit /(loss) of associates accounted for using the equity method	34			101			1			16			126			2
Profit before tax	30,793	****	****	38,489	****	****	527	****	****	92,856	****	****	101,511	****	****	1,391	****
Income tax expense	(6,164	)		(8,524	)		(117	)		(18,594	)		(22,590	)		(309	)
Profit for the period	24,629	****	****	29,965	****	****	410	****	****	74,262	****	****	78,921	****	****	1,082	****
Profit attributable to:
Equity holders of the Company	24,558			29,667			406			73,958			78,225			1,072
Non-controlling interest	71			298			4			304			696			10
Profit for the period	24,629	****	****	29,965	****	****	410	****	****	74,262	****	****	78,921	****	****	1,082	****
Earnings per equity share:
Attributable to equity holders of the Company
Basic	4.31			5.21			0.07			12.58			13.74			0.19
Diluted	4.30			5.17			0.07			12.55			13.46			0.18
Weighted average number of equity shares used in computing earnings per equity<br>share
Basic	5,692,132,118			5,696,798,493			5,696,798,493			5,879,588,157			5,694,731,405			5,694,731,405
Diluted	5,703,265,041			5,741,070,466			5,741,070,466			5,892,966,906			5,812,779,105			5,812,779,105

All values are in Indian Rupees.

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Additional Information:

Particulars	Three months ended									Nine months ended						Year ended
	December31, 2020			September30, 2020			December31, 2019			December31, 2020			December31, 2019			March31, 2020
	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		46,825			45,995			46,612			137,648			137,767			184,457
Health BU		21,266			20,294			19,799			61,320			57,651			78,240
CBU		25,077			23,927			25,443			72,183			71,339			97,008
ENU		20,076			18,990			19,553			58,345			56,873			76,443
TECH		19,394			18,478			18,584			57,542			56,392			75,895
MFG		12,677			12,175			12,450			36,672			35,672			48,158
COMM		8,016			7,822			8,565			23,258			25,387			33,840
Total of IT Services	****	153,331	****	****	147,681	****	****	151,006	****	****	446,968	****	****	441,081	****	****	594,041	****
IT Products		1,552			1,691			2,576			5,501			8,218			11,010
ISRE		2,393			2,119			1,847			6,629			6,059			8,400
Reconciling Items		(10	)		(8	)		3			(13	)		(60	)		(50	)
Total Revenue	****	157,266	****	****	151,483	****	****	155,432	****	****	459,085	****	****	455,298	****	****	613,401	****
Other operating income/(loss), net
IT Services		—			(178	)		—			(81	)		749			1,144
Total Other operating income/(loss), net	****	—	****	****	(178	)	****	—	****	****	(81	)	****	749	****	****	1,144	****
Segment Result
IT Services
BFSI		9,820			9,209			8,246			27,546			25,988			34,132
Health BU		4,359			4,005			3,186			11,092			8,978			12,027
CBU		6,166			5,507			4,725			16,092			12,183			16,729
ENU		3,688			3,329			3,130			10,586			8,410			12,176
TECH		3,128			2,632			3,256			9,927			10,406			14,312
MFG		2,552			2,379			2,385			7,159			6,916			9,252
COMM		1,445			1,320			1,444			3,656			4,006			5,336
Unallocated		2,046			148			1,360			3,400			3,124			2,577
Other operating income/(loss), net		—			(178	)		—			(81	)		749			1,144
Total of IT Services	****	33,204	****	****	28,351	****	****	27,732	****	****	89,377	****	****	80,760	****	****	107,685	****
IT Products		89			(300	)		(140	)		(87	)		(398	)		(282	)
ISRE		473			114			(528	)		487			(1,341	)		(1,822	)
Reconciling Items		47			(30	)		169			(891	)		320			149
Total	****	33,813	****	****	28,135	****	****	27,233	****	****	88,886	****	****	79,341	****	****	105,730	****
Finance Expense		(1,400	)		(1,267	)		(1,844	)		(3,966	)		(5,675	)		(7,328	)
Finance and Other Income		5,975			5,209			5,370			16,465			19,174			24,081
Share of net profit/ (loss) of associates accounted for using the equity method		101			(6	)		34			126			16			29
Profit before tax	****	38,489	****	****	32,071	****	****	30,793	****	****	101,511	****	****	92,856	****	****	122,512	****

LOGO

The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (ISRE).

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals.

The industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

IT Products: The Company is a value-added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged 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 the above items is reported as revenue from the sale of IT Products.

India State Run Enterprise segment (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by the Government of India and/ or any State Governments.

Reconciliation of Non-GAAP ConstantCurrency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)

Three Months ended December 31, 2020

IT Services Revenue as per IFRS	$	2,071.0
Effect of Foreign currency exchange movement	$	(11.8	)
Non-GAAP Constant Currency IT Services Revenue based on<br>previous quarter exchange rates	$	2,059.2

Three Months ended December 31, 2020

IT Services Revenue as per IFRS	$	2,071.0
Effect of Foreign currency exchange movement	$	(17.9	)
Non-GAAP Constant Currency IT Services Revenue based on<br>exchange rates of comparable period in previous year	$	2,053.1

EX-99.2

Jatin Dalal Chief Financial Officer Wipro Limited Performance for the Quarter ended December 31, 2020 Exhibit 99.2

IT Services $ Revenue Mn Gross Revenue in INR Mn *Non-GAAP measures walk has been provided in the annexure Revenue for the quarter QoQ & YoY growth on Constant Currency* basis is 3.4% & -2.0%

IT Services Operating Margin IT Services operating margin refers to our segment results Operating Profit (Wipro Ltd.) in INR Mn Operating Margin for the quarter

Net Income in INR Mn Net income refers to the profit attributable to equity share holders of the company Earnings per share in INR Net Income for the quarter

Cash Flow Metrics for the quarter Operating Cash flow in INR Mn Free Cash flow in INR Mn* *Non-GAAP measures walk has been provided in the annexure Operating Cash Flow is at 149.4% of Net Income Free Cash Flow is at 132.7% of Net Income

Other highlights for the quarter Secular growth across all Service Lines & Business Units. 5 out of 7 Business unit grew over 4% sequentially We closed 12 deals with > $30Mn TCV and the TCV booked of these deals was over $1.2Bn We also closed our largest deal in Continental Europe with Metronom Hired about 14,000 employees which includes onboarding of more than 2,900 freshers in Q3’21 Declared an interim dividend of ₹1 ($0.0141) per equity share/ADS Notes: For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into United States Dollars at the certified foreign exchange rate of US$1 = 73.01, as published by the Federal Reserve Board of Governors on December 31, 2020.

QoQ growth 1.5% to 3.5% We expect the revenue from our IT Services business to be in the range of $2,102 million to $2,143 million* * Outlook is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.20, AUD/USD at 0.73, USD/INR at 73.84 and CAD/USD at 0.76 Outlook for quarter ending March 31, 2021

Thank You

Reconciliation of selected GAAP measures to Non-GAAP measures (1/2) Reconciliation of Free Cash Flow for three months and nine months ended December 31, 2020 Reconciliation of Gross Cash as of December 31, 2020

Reconciliation of selected GAAP measures to Non-GAAP measures (2/2) Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn): Three Months ended December 31, 2020 IT Services Revenue as per IFRS $2,071.0 Effect of Foreign currency exchange movement $ (11.8) Non-GAAP Constant Currency IT Services Revenue based on $2,059.2 previous quarter exchange rates Three Months ended December 31, 2020 IT Services Revenue as per IFRS $2,071.0 Effect of Foreign currency exchange movement $ (17.9) Non-GAAP Constant Currency IT Services Revenue based on $2,053.1 exchange rates of comparable period in previous year

EX-99.3

Exhibit 99.3

Wipro Limited

Extract of auditedfinancial results of Wipro Limited and its subsidiaries for the quarter endedDecember 31, 2020

Consolidated Audited Financial Results of WiproLimited under IFRS

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

Particulars			Quarter ended<br><br><br>December 31, 2019
Total income from operations (net)	157,266	459,085	****	155,432
Net Profit / (Loss) before tax and exceptional items	38,489	101,511	****	30,793
Net Profit / (Loss) before tax but after exceptional items	38,489	101,511	****	30,793
Net Profit / (Loss) after tax and exceptional items	29,965	78,921	****	24,629
Total Comprehensive Income after tax	31,589	86,216	****	24,926
Equity Share Capital	11,431	11,431	****	11,426
Reserves (excluding Revaluation Reserve)1<br>as shown in the Audited Statement of Financial Position of the previous year	546,031	546,031	****	556,048
Earnings Per Share (of<br> 2/- each)
Basic:	5.21	13.74	****	4.31
Diluted:	5.17	13.46	****	4.30

All values are in Indian Rupees.

^1^

Balance for the quarter and nine months ended December 31, 2020 represent balances as per the audited Statement of Financial Position for the year ended March 31, 2020 and balance for the quarter ended December 31, 2019 represent balances as per the audited Statement of Financial Position for the year ended March 31, 2019, as required by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The audited consolidated interim financial results of the Company for the quarter and nine months ended December 31, 2020 have been approved by the Board of Directors of the Company at its meeting held on January 13, 2021. The statutory auditors have expressed an unmodified audit opinion.

Financial Results of Wipro Limited under Ind AS

The interim financial results 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 Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendment rules issued thereafter.

These financial results are prepared in accordance with Ind AS.

Consolidated Audited Financial Results of Wipro Limited under Ind AS

Particulars			Quarter ended<br><br><br>December 31, 2019
Total income from operations (net)	156,700	456,895	****	154,705
Net Profit / (Loss) before tax and exceptional items	38,504	101,530	****	30,794
Net Profit / (Loss) before tax but after exceptional items	38,504	101,530	****	30,794
Net Profit / (Loss) after tax and exceptional items	29,978	78,937	****	24,630
Total Comprehensive Income after tax	31,643	86,372	****	24,897
Equity Share Capital	11,431	11,431	****	11,426
Reserves (excluding Revaluation Reserve)1<br>as shown in the Audited Balance Sheet of the previous year	541,790	541,790	****	552,158
Earnings Per Share (of<br> 2/- each)
Basic:	5.21	13.74	****	4.31
Diluted:	5.17	13.46	****	4.30

All values are in Indian Rupees.

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

^1^	Balance for the quarter and nine months ended December 31, 2020 represent balances as per the audited<br>Statement of Financial Position for the year ended March 31, 2020 and balance for the quarter December 31, 2019 represent balances as per the audited Balance sheet for the year ended March 31, 2019, as required by the SEBI (Listing<br>Obligations and Disclosure Requirements) Regulations, 2015.

The audited consolidated interim financial results (under Ind AS) of the Company for the quarter and nine months endedDecember 31, 2020 have been approved by the Board of Directors of the Company at its meeting held on January 13, 2021. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars	Quarter ended<br><br><br>December 31, 2020			Quarter ended<br><br><br>December 31, 2019
Total income from operations (net)	****	125,961	370,394	****	126,959
Net Profit / (Loss) before tax and exceptional items	****	33,515	90,034	****	28,327
Net Profit / (Loss) before tax but after exceptional items	****	33,515	90,034	****	28,327
Net Profit / (Loss) after tax and exceptional items	****	26,113	70,479	****	22,613
Total Comprehensive Income after tax	****	26,497	76,593	****	20,196

The audited standalone interim financial results (under Ind AS) of the Company for the quarter and nine months ended December 31, 2020 have been approved by the Board of Directors of the Company at its meeting held on January 13, 2021. The statutory auditors have expressed an unmodified audit opinion.

Notes:

1.	The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges<br>under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Bombay Stock Exchange website (URL: www.bseindia.com), the National Stock Exchange<br>website (URL: www.nseindia.com) and on the Company’s website (URL: www.wipro.com).
2.	The Board of Directors in their meeting held on January 13, 2021, declared an interim dividend of ₹ 1/- (US$ 0.01) per equity share and ADR (50% on an equity share of par value of<br>₹ 2/-)
---	---
	By Order of the Board,
---	---
	For Wipro Limited
Place: Bengaluru	Rishad A. Premji
Date: January 13, 2021	Chairman

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

AS AT AND FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2020

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

		As at March 31, 2020		As at December 31, 2020
						Convenience translationinto US dollar in millions(unaudited) Refer to Note2(iii)
ASSETS
Goodwill	6		131,012		136,322		1,867
Intangible assets	6		16,362		13,056		179
Property, plant and equipment	4		81,120		83,372		1,142
Right-of-Use<br>assets	5		16,748		15,427		211
Financial assets
Derivative assets	17		—		51		1
Investments	8		9,302		8,679		119
Trade receivables			6,049		4,613		63
Other financial assets	11		5,881		6,657		91
Investments accounted for using the equity method			1,383		1,459		20
Deferred tax assets			6,005		1,690		23
Non-current tax assets			11,414		14,020		192
Other non-current assets	12		11,935		11,433		157
Total non-current assets		****	297,211	****	296,779	****	4,065
Inventories	9		1,865		1,205		17
Financial assets
Derivative assets	17		3,025		4,088		56
Investments	8		189,635		312,909		4,286
Cash and cash equivalents	10		144,499		139,435		1,910
Trade receivables			104,474		91,841		1,258
Unbilled receivables			25,209		23,105		316
Other financial assets	11		8,614		9,028		124
Contract assets			17,143		14,847		203
Current tax assets			2,882		2,354		32
Other current assets	12		22,505		22,144		303
Total current assets		****	519,851	****	620,956	****	8,505
TOTAL ASSETS		****	817,062	****	917,735	****	12,570
EQUITY
Share capital			11,427		11,431		157
Share premium			1,275		1,815		25
Retained earnings			476,103		424,275		5,811
Share-based payment reserve			1,550		1,765		24
SEZ Re-investment reserve			43,804		57,217		784
Other components of equity			23,299		30,647		420
Equity attributable to the equity holders of the Company		****	557,458	****	527,150	****	7,221
Non-controlling interest			1,875		1,489		20
TOTAL EQUITY		****	559,333	****	528,639	****	7,241
LIABILITIES
Financial liabilities
Loans and borrowings	13		4,840		213		3
Derivative liabilities	17		138		—		—
Lease liabilities			12,638		12,894		177
Other financial liabilities	14		151		929		13
Deferred tax liabilities			2,825		5,181		71
Non-current tax liabilities			13,205		12,442		170
Other non-current liabilities	15		7,537		7,803		107
Provisions	16		2		1		^
Total non-current liabilities		****	41,336	****	39,463	****	541
Financial liabilities
Loans, borrowings and bank overdrafts	13		73,202		73,256		1,003
Derivative liabilities	17		7,231		3,467		47
Trade payables and accrued expenses			78,129		83,461		1,143
Lease liabilities			6,560		7,502		103
Other financial liabilities	14		899		96,604		1,323
Contract liabilities			18,775		22,118		303
Current tax liabilities			11,731		15,913		218
Other current liabilities	15		19,254		46,627		639
Provisions	16		612		685		9
Total current liabilities		****	216,393	****	349,633	****	4,788
TOTAL LIABILITIES		****	257,729	****	389,096	****	5,329
TOTAL EQUITY AND LIABILITIES		****	817,062	****	917,735	****	12,570

^ Value is less than 1

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

		Three months ended December 31,									Nine months ended December 31,
	Notes	2019			2020			2020			2019			2020			2020
								Conveniencetranslation intoUS dollar inmillions(unaudited)Refer to Note2(iii)									Conveniencetranslation intoUS dollar inmillions(unaudited)Refer to Note2(iii)
Revenues	20		154,705			156,700			2,146			453,122			456,976			6,259
Cost of revenues	21		(109,673	)		(104,313	)		(1,429	)		(321,952	)		(313,400	)		(4,293	)
Gross profit		****	45,032	****	****	52,387	****	****	717	****	****	131,170	****	****	143,576	****	****	1,966	****
Selling and marketing expenses	21		(11,030	)		(11,326	)		(155	)		(32,612	)		(30,721	)		(421	)
General and administrative expenses	21		(7,496	)		(7,814	)		(107	)		(22,142	)		(25,997	)		(356	)
Foreign exchange gains	23		727			566			8			2,176			2,109			29
Other operating income/(loss), net	26		—			—			—			749			(81	)		(1	)
Results from operating activities		****	27,233	****	****	33,813	****	****	463	****	****	79,341	****	****	88,886	****	****	1,217	****
Finance expenses	22		(1,844	)		(1,400	)		(19	)		(5,675	)		(3,966	)		(54	)
Finance and other income	23		5,370			5,975			82			19,174			16,465			226
Share of net profit /(loss) of associates accounted for using the equity method			34			101			1			16			126			2
Profit before tax		****	30,793	****	****	38,489	****	****	527	****	****	92,856	****	****	101,511	****	****	1,391	****
Income tax expense	19		(6,164	)		(8,524	)		(117	)		(18,594	)		(22,590	)		(309	)
Profit for the period		****	24,629	****	****	29,965	****	****	410	****	****	74,262	****	****	78,921	****	****	1,082	****
Profit attributable to:
Equity holders of the Company			24,558			29,667			406			73,958			78,225			1,072
Non-controlling interest			71			298			4			304			696			10
Profit for the period		****	24,629	****	****	29,965	****	****	410	****	****	74,262	****	****	78,921	****	****	1,082	****
Earnings per equity share:	24
Attributable to equity holders of the Company
Basic			4.31			5.21			0.07			12.58			13.74			0.19
Diluted			4.30			5.17			0.07			12.55			13.46			0.18
Weighted average number of equity shares used in computing earnings per equityshare
Basic			5,692,132,118			5,696,798,493			5,696,798,493			5,879,588,157			5,694,731,405			5,694,731,405
Diluted			5,703,265,041			5,741,070,466			5,741,070,466			5,892,966,906			5,812,779,105			5,812,779,105

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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

			Three months ended December 31,									Nine months ended December 31,
	Notes		2019			2020			2020			2019			2020			2020
									Conveniencetranslation intoUS dollar inmillions(unaudited) Referto Note 2(iii)									Conveniencetranslation intoUS dollar inmillions(unaudited) Referto Note 2(iii)
Profit for the period			****	24,629	****	****	29,965	****	****	410	****	****	74,262	****	****	78,921	****	****	1,082	****
Other comprehensive income (OCI)
Items that will not be reclassified to statement of income in subsequentperiods								****
Remeasurements of the net defined benefit liability/asset comprising actuarial gains<br>and losses				(128	)		(57	)		(1	)		(354	)		(213	)		(3	)
Net change in fair value of equity instruments measured at fair value through OCI				550			273			4			625			465			6
			422			216			3			271			252			3
Items that may be reclassified to statement of income in subsequentperiods								****
Foreign currency translation differences		18		2,175			1,009			14			3,978			798			11
Net change in time value of option contracts designated as cash flow hedges				(136	)		(111	)		(2	)		(455	)		43			1
Net change in intrinsic value of option contracts designated as cash flow hedges				(920	)		20			^			(896	)		1,068			15
Net change in fair value of forward contracts designated as cash flow hedges				(970	)		233			3			(1,149	)		2,266			31
Net change in fair value of debt instruments measured at fair value through OCI				(274	)		257			4			1,140			2,868			39
			****	(125	)	****	1,408	****	****	19	****	****	2,618	****	****	7,043	****	****	97	****
Total other comprehensive income, net of taxes				297			1,624			22			2,889			7,295			100
Total comprehensive income for the period			****	24,926	****	****	31,589	****	****	432	****	****	77,151	****	****	86,216	****	****	1,182	****
Total comprehensive income attributable to:
Equity holders of the Company				24,842			31,306			428			76,793			85,573			1,173
Non-controlling interest				84			283			4			358			643			9
			24,926			31,589			432			77,151			86,216			1,182
^ Value is less than 1

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

																	Other components of equity							Equityattributable tothe equityholders of theCompany			Non-controllinginterest			Total equity
Particulars	Number ofshares*			Sharecapital,fully paid-up			Sharepremium		Retainedearnings			Share-basedpaymentreserve			SEZRe-investmentreserve		Foreigncurrencytranslationreserve		Cashflowhedgingreserve			Otherreserves
As at April 1, 2019		6,033,935,388			12,068			533		506,135			2,617			28,565		15,250		2,415			533	****	568,116	****		2,637		****	570,753	****
Adjustment on adoption of IFRS 16 (net of tax)		—			—			—		(872	)		—			—		—		—			—	****	(872	)		—		****	(872	)
Adjusted balances as at April 1, 2019		6,033,935,388			12,068			533		505,263			2,617			28,565		15,250		2,415			533	****	567,244	****		2,637		****	569,881	****
Comprehensive income for the period
Profit for the period		—			—			—		73,958			—			—		—		—			—	****	73,958	****		304		****	74,262	****
Other comprehensive income		—			—			—		—			—			—		3,924		(2,500	)		1,411	****	2,835	****		54		****	2,889	****
Total comprehensive income for the period	****	—	****	****	—	****	****	—	****	73,958	****	****	—	****	****	—	****	3,924	****	(2,500	)	****	1,411	****	76,793	****	****	358	****	****	77,151	****
Transaction with owners of the Company, recognized directly in equity
Issue of equity shares on exercise of options		2,164,004			4			646		—			(646	)		—		—		—			—	****	4	****		—		****	4	****
Buyback of equity shares		(323,076,923	)		(646	)		—		(105,000	)		—			—		—		—			646	****	(105,000	)		—		****	(105,000	)
Transaction cost related to buyback		—			—			—		(298	)		—			—		—		—			—	****	(298	)		—		****	(298	)
Issue of shares by controlled trust on exercise of<br>options *		—			—			—		667			(667	)		—		—		—			—	****	—	****		—		****	—	****
Compensation cost related to employee share based payment		—			—			—		6			899			—		—		—			—	****	905	****		—		****	905	****
Cash dividend paid		—			—			—		—			—			—		—		—			—	****	—	****		(1,415	)	****	(1,415	)
Total transactions with owners of the Company	****	(320,912,919	)	****	(642	)	****	646	****	(104,625	)	****	(414	)	****	—	****	—	****	—	****	****	646	****	(104,389	)	****	(1,415	)	****	(105,804	)
As at December 31, 2019	****	5,713,022,469	****	****	11,426	****	****	1,179	****	474,596	****	****	2,203	****	****	28,565	****	19,174	****	(85	)	****	2,590	****	539,648	****	****	1,580	****	****	541,228	****

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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

															Other components of equity							Equity
Particulars	Number ofshares*		Sharecapital,fullypaid-up		Sharepremium		Retainedearnings			Share-basedpaymentreserve			SEZRe-investmentreserve		Foreigncurrencytranslationreserve		Cash flowhedgingreserve			Otherreserves		attributable tothe equityholders of theCompany			Non-controllinginterest			Total equity
As at April 1, 2020	****	5,713,357,390	****	11,427	****	1,275	****	476,103	****	****	1,550	****	****	43,804	****	23,539	****	(2,315	)	****	2,075	****	557,458	****	****	1,875	****	****	559,333	****
Comprehensive income for the period
Profit for the period		—		—		—		78,225			—			—		—		—			—	****	78,225	****		696		****	78,921	****
Other comprehensive income		—		—		—		—			—			—		851		3,377			3,120	****	7,348	****		(53	)	****	7,295	****
Total comprehensive income for the period	****	—	****	—	****	—	****	78,225	****	****	—	****	****	—	****	851	****	3,377	****	****	3,120	****	85,573	****	****	643	****	****	86,216	****
Transaction with owners of the Company, recognized directly in equity
Issue of equity shares on exercise of options		1,980,699		4		540		—			(540	)		—		—		—			—	****	4	****		—		****	4	****
Liability for Buyback of equity shares, including tax thereon (Refer to Note 31)		—		—		—		(117,021	)		—			—		—		—			—	****	(117,021	)		—		****	(117,021	)
Transaction cost related to proposed Buyback		—		—		—		(92	)		—			—		—		—			—	****	(92	)		—		****	(92	)
Issue of shares by controlled trust on exercise of<br>options *		—		—		—		468			(468	)		—		—		—			—	****	—	****		—		****	—	****
Compensation cost related to employee share-based payment		—		—		—		5			1,223			—		—		—			—	****	1,228	****		—		****	1,228	****
Transferred to special economic zone re-investment<br>reserve		—		—		—		(13,413	)		—			13,413		—		—			—	****	—	****		—		****	—	****
Cash dividend paid		—		—		—		—			—			—		—		—			—	****	—	****		(960	)	****	(960	)
Others		—		—		—		—			—			—		—		—			—	****	—	****		(69	)	****	(69	)
Total transactions with owners of the Company	****	1,980,699	****	4	****	540	****	(130,053	)	****	215	****	****	13,413	****	—	****	—	****	****	—	****	(115,881	)	****	(1,029	)	****	(116,910	)
As at December 31, 2020	****	5,715,338,089	****	11,431	****	1,815	****	424,275	****	****	1,765	****	****	57,217	****	24,390	****	1,062	****	****	5,195	****	527,150	****	****	1,489	****	****	528,639	****
Convenience translation into US dollar in millions (unaudited) Refer to Note 2(iii)			****	157	****	25	****	5,811	****	****	24	****	****	784	****	334	****	15	****	****	71	****	7,221	****	****	20	****	****	7,241	****
*	Includes 24,354,793 and 20,469,844 treasury shares held as at December 31, 2019 and 2020, respectively by<br>a controlled trust. 2,999,060 and 2,276,237 shares have been transferred by the controlled trust to eligible employees on exercise of options during the period ended December 31, 2019 and 2020.
---	---

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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

	Nine months ended December 31,
	2019			2020			2020
							Convenience translationinto US dollar inmillions (unaudited)Refer to Note 2(iii)
Cash flows from operating activities:
Profit for the period		74,262			78,921			1,082
Adjustments to reconcile profit for the period to net cash generated from operatingactivities:
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net		18			(494	)		(7	)
Depreciation, amortization and impairment expense		15,064			20,661			283
Unrealized exchange (gain)/ loss, net and exchange (gain)/ loss on borrowings		3,602			(1,742	)		(24	)
Share-based compensation expense		899			1,806			25
Share of net profit of associates accounted for using equity method		(16	)		(126	)		(2	)
Income tax expense		18,594			22,590			309
Finance and other income, net of finance expenses		(15,206	)		(13,150	)		(180	)
(Gain)/loss from sale of business		(749	)		81			1
Changes in operating assets and liabilities, net of effects from acquisitions
Trade receivables		1,135			14,896			204
Unbilled receivables and contract assets		(603	)		4,535			62
Inventories		1,889			666			9
Other assets		668			6,796			93
Trade payables, accrued expenses, other liabilities and provisions		(8,109	)		8,065			110
Contract liabilities		(3,943	)		3,217			44
Cash generated from operating activities before taxes		87,505			146,722			2,009
Income taxes paid , net		(933	)		(16,455	)		(225	)
Net cash generated from operating activities	****	86,572	****	****	130,267	****	****	1,784	****
Cash flows from investing activities:
Purchase of property, plant and equipment		(17,537	)		(13,466	)		(184	)
Proceeds from sale of property, plant and equipment		710			612			8
Purchase of investments		(855,465	)		(849,658	)		(11,638	)
Proceeds from sale of investments		914,556			742,959			10,176
Payment for business acquisitions including deposits and escrow, net of cash acquired		(6,381	)		(6,095	)		(83	)
Proceeds from sale of business		7,459			—			—
Escrow and term deposits pertaining to proposed buyback		—			(10,600	)		(145	)
Interest received		18,716			14,042			192
Dividend received		262			1			^
Net cash generated from/ (used in) investing activities	****	62,320	****	****	(122,205	)	****	(1,674	)
Cash flows from financing activities:
Proceeds from issuance of equity shares and shares pending allotment		10			4			^
Repayment of loans and borrowings		(73,096	)		(60,991	)		(835	)
Proceeds from loans and borrowings		65,245			58,607			803
Repayment of lease liabilities		(5,046	)		(6,602	)		(90	)
Payment for buy back of shares, including transaction cost		(105,298	)		—			—
Payment for transaction cost against proposed buyback		—			(87	)		(1	)
Interest paid		(3,558	)		(2,639	)		(36	)
Payment of cash dividend to Non-controlling interest<br>holders		(1,415	)		(960	)		(13	)
Net cash used in financing activities	****	(123,158	)	****	(12,668	)	****	(172	)
Net increase in cash and cash equivalents during the period		25,734			(4,606	)		(62	)
Effect of exchange rate changes on cash and cash equivalents		1,276			(112	)		(2	)
Cash and cash equivalents at the beginning of the period		158,525			144,104			1,974
Cash and cash equivalents at the end of the period (Note 10)	****	185,535	****	****	139,386	****	****	1,910	****

^ Value is less than 1

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & Sells LLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

1. The Company overview

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

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

These interim condensed consolidated financial statements were authorized for issue by the Company’s Board of Directors on January 13, 2021.

2. Basis of preparation of interim condensedconsolidated financial statements

(i) Statement of compliance and basis of preparation

These interim condensed consolidated financial statements have been prepared in compliance with IAS 34, “Interim Financial Reporting”, as issued by the International Accounting Standards Board (“IASB”). Selected explanatory notes are included to explain events and transactions that are significant to understand the changes in financial position and performance of the Company since the last annual consolidated financial statements as at and for the year ended March 31, 2020. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”).

The interim condensed consolidated financial statements correspond to the classification provisions contained in IAS 1 (revised), “Presentation of Financial Statements”. For clarity, various items are aggregated in the statements of income and statements of financial position. These items are disaggregated separately in the notes to the financial statement, where applicable. The accounting policies have been consistently applied to all periods presented in these interim condensed consolidated financial statements except for the adoption of new accounting standards, amendments and interpretations effective from April 1, 2020.

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

(ii) Basis of measurement

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

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

(iii) Convenience translation (unaudited)

The accompanying interim condensed consolidated financial statements have been prepared and reported in Indian rupees, the functional currency of the Parent Company. Solely for the convenience of the readers, the interim condensed consolidated financial statements as at and for the three and nine months ended December 31, 2020, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ 73.01 as published by Federal Reserve Board of Governors on December 31, 2020. No representation is made that the Indian rupee amounts have been, could have been or could be converted into United States dollars at such a rate or any other rate. Due to rounding off, the translated numbers presented throughout the document may not add up precisely to the totals.

(iv) Use of estimates and judgment

The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires the management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the interim condensed consolidated financial statements are included in the following notes:

Revenue recognition: The Company applies judgement to determine whether each product or service promised to a customer is capable of being distinct, and is distinct in the context of the contract, if not, the promised product or service is combined and accounted as a single performance obligation. The Company allocates the arrangement consideration to separately identifiable performance obligation deliverables based on their relative stand-alone selling price. In cases where the Company is unable to

determine the stand-alone selling price, the company uses expected cost plus margin approach in estimating the stand-alone selling price. The Company uses the percentage of completion method<br>using the input (cost expended) method to measure progress towards completion in respect of fixed price contracts. Percentage of completion method accounting relies on estimates of total expected contract revenue and costs. This method is followed<br>when reasonably dependable estimates of the revenues and costs applicable to various elements of the contract can be made. Key factors that are reviewed in estimating the future costs to complete include estimates of future labor costs and<br>productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, revenue recognized, profit and timing of revenue for remaining performance<br>obligations are subject to revisions as the contract progresses to completion. When estimates indicate that a loss will be incurred, the loss is provided for in the period in which the loss becomes probable. Volume discounts are recorded as a<br>reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer.
b)	Impairment testing: Goodwill and intangible assets with indefinite useful life recognized on business<br>combination are tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of an asset or a cash generating unit to which an asset pertain is less than the carrying value. The<br>Company assesses acquired intangible assets with finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is<br>higher of value-in-use and fair value less cost of disposal. The calculation of value in use of an asset or a cash generating unit involves use of significant estimates<br>and assumptions which include turnover, growth rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions.
---	---
c)	Income taxes: **** The major tax jurisdictions for the Company are India and the United States of<br>America. Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be<br>resolved over extended time periods.
---	---
d)	Deferred taxes: Deferred tax is recorded on temporary differences between the tax bases of assets and<br>liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods<br>in which those temporary differences and tax loss carry-forwards become deductible. The Company considers expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of deferred tax assets<br>considered realizable, however, could reduce in the near term if estimates of future taxable income during the carry-forward period are reduced.
---	---
e)	Business combination: In accounting for business combinations, judgment is required in identifying<br>whether an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired (including useful life estimates), liabilities assumed, and contingent<br>consideration assumed involves management judgment. These measurements are based on information available at the acquisition date and are based on expectations and assumptions that have been deemed reasonable by management. Changes in these<br>judgments, estimates, and assumptions can materially affect the results of operations.
---	---
f)	Defined benefit plans and compensated absences: The cost of the defined benefit plans, compensated<br>absences and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the<br>future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in<br>these assumptions. All assumptions are reviewed at each reporting date.
---	---
g)	Expected credit losses on financial assets: The impairment provisions of financial assets are based on<br>assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to expected credit loss calculation based on the Company’s history of collections,<br>customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.
---	---
h)	Measurement of fair value of non-marketable equity investments:These instruments are initially recorded at cost and subsequently measured at fair value. Fair value of investments is determined using the market and income approaches. The market approach includes the use of financial metrics and ratios of<br>comparable companies, such as revenue, earnings, comparable performance multiples, recent financial rounds and the level of marketability of the investments. The selection of comparable companies requires management judgment and is based on a number<br>of factors, including comparable company sizes, growth rates, and development stages. The income approach includes the use of discounted cash flow model, which requires significant estimates regarding the investees’ revenue, costs, and discount<br>rates based on the risk profile of comparable companies. Estimates of revenue and costs are developed using available historical and forecast data.
---	---
i)	Useful lives of property, plant and equipment: The Company depreciates property, plant and equipment on<br>a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset’s expected useful life and the expected residual value at the end of its life. The lives<br>are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least annually.
---	---
j)	Useful lives of intangible assets: The Company amortizes intangible assets on a straight-line basis over<br>estimated useful lives of the assets. The useful life is estimated based on a number of factors including the effects of obsolescence, demand, competition and other economic factors such as the stability of the industry and known technological<br>advances and the level of maintenance expenditures required to obtain the expected future cash flows from the assets. The estimated useful life is reviewed at least annually.
---	---

k)	Leases: IFRS 16 defines a lease term as the<br>non-cancellable period for which the lessee has the right to use an underlying asset including optional periods, when an entity is reasonably certain to exercise an option to extend (or not to terminate) a<br>lease. The Company considers all relevant facts and circumstances that create an economic incentive for the lessee to exercise the option when determining the lease term. The option to extend lease is included in the lease term, if it is reasonably<br>certain that the lessee will exercise the option. The Company reassesses the option upon occurrence of either a significant event or change in circumstances that are within the control of the lessee.
l)	Other estimates: The share-based compensation expense is determined based on<br>the Company’s estimate of equity instruments that will eventually vest. Fair valuation of derivative hedging instruments designated as cash flow hedges involves significant estimates relating to the occurrence of forecasted transaction.<br>
---	---
m)	Uncertainty relating to the global health pandemic on COVID-19:In assessing the recoverability of receivables including unbilled receivables, contract assets and contract costs, goodwill, intangible assets, and certain investments, the Company has considered internal and external information up to<br>the date of approval of these interim condensed consolidated financial statements including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used herein. Based on the current indicators of<br>future economic conditions, the Company expects to recover the carrying amount of these assets.
---	---

The Company basis its assessment believes that the probability of the occurrence of forecasted transactions is not impacted by COVID-19. The Company has also considered the effect of changes, if any, in both counterparty credit risk and own credit risk while assessing hedge effectiveness and measuring hedge ineffectiveness and continues to believe that there is no impact on effectiveness of its hedges.

The impact of COVID-19 remains uncertain and may be different from what we have estimated as of the date of approval of these interim condensed consolidated financial statements and the Company will continue to closely monitor any material changes to future economic conditions.

3. Significant accounting policies

Please refer to the Company’s Annual report for the year ended March 31, 2020, for a discussion of the Company’s other critical accounting policies except for the adoption of new accounting standards, amendments and interpretations effective on or after April 1, 2020.

New Accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2020:

Amendment to IFRS 3 - Business combination

The International Accounting Standard Board has issued amendments to IFRS 3, ‘Business Combinations’, in connection with clarification of business definition, which help in determining whether an acquisition made is of a business or a group of assets. The amendment added a test that makes it easier to conclude that a Company has acquired a group of assets, rather than a business, if the value of the assets acquired is substantially all concentrated in a single asset or group of similar assets. The adoption of amendment to IFRS 3 is applicable to new acquisition on a prospective basis and did not have any impact on the interim condensed consolidated financial statements of the Company.

Amendment to IFRS 9, IAS 39 and IFRS 7 – Interest Rate Benchmark Reform

The IASB amended some of its requirements for hedge accounting. The amendments provide relief from potential effects of the uncertainty caused by the IBOR reform. In addition, the amendments require companies to provide additional information to investors about their hedging relationships that are directly affected by these uncertainties. The adoption of amendment to IFRS 9, IAS 39 and IFRS 7 did not have any significant material impact on the interim condensed consolidated financial statements of the Company.

Amendment to IAS 1 and IAS 8 –Definition of Material

The IASB issued Amendment to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors to update a new definition of material in IAS 1. The amendments clarify the definition of “material” and how it should be applied by including in the definition guidance that until now has featured elsewhere in IFRS Standards. The new definition clarifies that, information is considered material if omitting, misstating, or obscuring such information, could reasonably be expected to influence the decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. The definition of material in IAS 8 has been replaced by a reference to the definition of material in IAS 1. In addition, the IASB amended other Standards and the Conceptual Framework that contain a definition of material or refer to the term ‘material’ to ensure consistency. The adoption of the amendment to IAS 1 and IAS 8 did not have any material impact on its evaluation of materiality in relation to the interim condensed consolidated financial statements.

Amendment to IFRS 16 – Leases

The IASB issued amendments to IFRS 16, “Leases”, provide lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. The amendments allowed the expedient to be applied to COVID-19-related rent concessions to payments originally due on or before June 30, 2021 and also require disclosure of the amount recognized in profit or loss to reflect changes in lease payments that arise from COVID-19-related rent concessions. The reporting period in which a lessee first applies the amendment, it is not required to disclose certain quantitative information required under IAS 8. Accordingly, the Company recognized ₹ 6 and ₹ 34 as reversal of lease liability in the interim condensed consolidated statement of income for the three and nine months ended December 31, 2020 respectively.

New amendments not yet adopted:

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2020 and have not been applied in preparing these interim condensed consolidated financial statements. New standards, amendments to standards and interpretations that could have potential impact on the interim condensed consolidated financial statements of the Company are:

Amendment to IAS 1 – Presentation of Financial Statements

On January 23, 2020, the IASB has issued “Classification of liabilities as Current or Non-Current (Amendments to IAS 1)” providing a more general approach to the classification of liabilities under IAS 1 based on the contractual arrangement in place at the reporting date. The amendments aim to promote consistency in applying the requirements by helping companies to determine whether, in the statement of financial position, debt and other liabilities with an uncertain settlement date should be classified as current (due or potentially due to be settled within one year) or non-current. The amendments also clarified the classification requirements for debt a company might settle by converting it into equity. These amendments are effective for annual reporting periods beginning on or after January 1, 2023 and are to be applied retrospectively, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 1 on the consolidated financial statements.

Amendment to IAS 37 – Onerous Contracts – Cost of Fulfilling a Contract

On May 14, 2020, the IASB issued “Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)”, amending the standard regarding costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. The amendment specifies that the “cost of fulfilling” a contract comprises the “costs that relate directly to the contract”. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract or an allocation of other costs that relate directly to fulfilling contracts. These amendments are effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. The Company is currently evaluating the impact of amendment to IAS 37 on the consolidated financial statements.

Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 – Interest Rate Benchmark Reform (Phase 2)

In August 2020, the IASB issued Interest Rate Benchmark Reform (Phase 2), which amends other IFRS standards. The amendments complement those issued in 2019 and focus on the effects on financial statements when a company replaces the old interest rate benchmark with an alternative benchmark rate as a result of the reform. The amendments in this final phase relate to practical expedient for particular changes in contractual cash flows, relief from specific hedge accounting requirements and certain disclosure requirement. These amendments are effective for annual reporting periods beginning on or after January 1, 2021, with earlier application permitted. The Company is currently evaluating the impact of the amendment on the consolidated financial statements.

IFRS 9 – AnnualImprovements to IFRS Standards—2018-2020

On May 14, 2020, IASB amended IFRS 9 as part of its Annual Improvements to IFRS Standards 2018-2020. The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of IFRS 9 in assessing whether to derecognize a financial liability. This amendment is effective for annual reporting periods beginning on or after January 1, 2022, with earlier application permitted. The Company is currently evaluating the impact of amendment to IFRS 9 on the consolidated financial statements.

4. Property, plant and equipment

	Land		Buildings		Plant andmachinery *		Furniturefixtures andequipment		Vehicles		Total
Gross carrying value:
As at April 1, 2019
Reclassified on adoption of IFRS 16						)						)
Adjusted balance as at April 1, 2019	3,697		27,490		88,946		16,505		948		137,586
Translation adjustment
Additions
Additions through Business combinations
Disposals				)		)		)		)		)
As at December 31, 2019	3,756		29,401		97,728		18,478		829		150,192
Accumulated depreciation/ impairment:		****
As at April 1, 2019
Reclassified on adoption of IFRS 16						)						)
Adjusted balance as at April 1, 2019		****		****		****		****		****		****
Translation adjustment
Depreciation and impairment
Disposals				)		)		)		)		)
As at December 31, 2019		****		****		****		****		****		****
Capital<br>work-in-progress
Net carrying value including Capital work-in-progress as at December 31, 2019											78,552
Gross carrying value:
As at April 1, 2019
Reclassified on adoption of IFRS 16						)						)
Adjusted balance as at April 1, 2019	3,697		27,490		88,946		16,505		948		137,586
Translation adjustment										)
Additions
Additions through Business combinations
Disposals				)		)		)		)		)
As at March 31, 2020	3,761		36,510		100,695		19,870		808		161,644
Accumulated depreciation/ impairment:		****
As at April 1, 2019
Reclassified on adoption of IFRS 16						)						)
Adjusted balance as at April 1, 2019		****		****		****		****		****		****
Translation adjustment										)
Depreciation and impairment
Disposals				)		)		)		)		)
As at March 31, 2020		****		****		****		****		****		****
Capital<br>work-in-progress
Net carrying value including Capital work-in-progress as at March 31, 2020											81,120
Gross carrying value:
As at April 1, 2020
Translation adjustment
Additions
Additions through Business combinations
Disposals		)		)		)		)		)		)
As at December 31, 2020	3,716		38,854		109,337		20,810		690		173,407
Accumulated depreciation/ impairment:		****
As at April 1, 2020
Translation adjustment
Depreciation and impairment **
Disposals				)		)		)		)		)
As at December 31, 2020		****		****		****		****		****		****
Capital<br>work-in-progress
Net carrying value including Capital work-in-progress as at December 31, 2020											83,372

All values are in Indian Rupees.

*	Includes computer equipment and software.
**	Includes impairment charge on certain software platforms amounting to ₹ 45 and ₹ 283 for the three months and nine months ended December 31, 2020, respectively.<br>
---	---

5. Right-of-Use assets	Category of Right-of-Use asset
	Land	Buildings		Plant andmachinery *		Vehicles		Total
Gross carrying value:
As at April 1, 2019
Additions
Additions through Business combinations
Disposals			)		)		)		)
Translation adjustment
As at December 31, 2019	2,003	13,125		4,086		820		20,034
Accumulated depreciation:
Depreciation
Disposals			)		)		)		)
Translation adjustment
As at December 31, 2019			****		****		****		****
Net carrying value as at December 31, 2019								15,904
Gross carrying value:
As at April 1, 2019
Additions
Additions through Business combinations
Disposals			)		)		)		)
Translation adjustment
As at March 31, 2020	2,003	15,624		4,236		826		22,689
Accumulated depreciation:
Depreciation
Disposals			)		)		)		)
Translation adjustment
As at March 31, 2020			****		****		****		****
Net carrying value as at March 31, 2020								16,748
Gross carrying value:
As at April 1, 2020
Additions
Disposals			)		)		)		)
Additions through Business combinations
Translation adjustment
As at December 31, 2020	2,003	17,088		4,790		890		24,771
Accumulated depreciation:
As at April 1, 2020
Depreciation
Disposals			)		)		)		)
Translation adjustment
As at December 31, 2020			****		****		****		****
Net carrying value as at December 31, 2020								15,427

All values are in Indian Rupees.

*	Includes computer equipment.

6. Goodwill and intangible assets

The movement in goodwill balance is given below:

	For the period ended
	March 31, 2020		December 31, 2020
Balance at the beginning of the period	₹	116,980	₹	131,012
Translation adjustment		9,199		(850	)
Acquisition through business combinations, net *		4,833		6,160
Balance at the end of the period	₹	131,012	₹	136,322	****
*	Acquisition through business combinations for the nine months ended December 31, 2020 is net of ₹ (72) towards changes in the purchase price allocation of acquisitions made during the year ended March 31, 2020.
---	---

The movement in intangible assets is given below:

	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2019	₹	26,924	****	₹	5,945	****	₹	32,869	****
Translation adjustment		520			129			649
Acquisition through business combinations		2,618			102			2,720
As at December 31, 2019	₹	30,062	****	₹	6,176	****	₹	36,238	****
Accumulated amortization/ impairment:
As at April 1, 2019	₹	15,345		₹	3,762		₹	19,107
Translation adjustment		71			70		₹	141
Amortization and impairment		1,667			691		₹	2,358
As at December 31, 2019	₹	17,083	****	₹	4,523	****	₹	21,606	****
Net carrying value as at December 31, 2019	₹	12,979	****	₹	1,653	****	₹	14,632	****
Gross carrying value:
As at April 1, 2019	₹	26,924		₹	5,945		₹	32,869
Translation adjustment		1,031			382			1,413
Acquisition through business combinations		4,535			371			4,906
As at March 31, 2020	₹	32,490	****	₹	6,698	****	₹	39,188	****
Accumulated amortization/ impairment:
As at April 1, 2019	₹	15,345		₹	3,762		₹	19,107
Translation adjustment		220			226			446
Amortization and impairment		2,333			940			3,273
As at March 31, 2020	₹	17,898	****	₹	4,928	****	₹	22,826	****
Net carrying value as at March 31, 2020	₹	14,592	****	₹	1,770	****	₹	16,362	****
Gross carrying value:
As at April 1, 2020	₹	32,490		₹	6,698		₹	39,188
Acquisition through business combinations		981			566			1,547
Translation adjustment		38			(134	)		(96	)
As at December 31, 2020	₹	33,509	****	₹	7,130	****	₹	40,639	****
Accumulated amortization/ impairment:
As at April 1, 2020	₹	17,898		₹	4,928		₹	22,826
Translation adjustment		(122	)		(114	)		(236	)
Amortization and impairment *		3,538			1,455			4,993
As at December 31, 2020	₹	21,314	****	₹	6,269	****	₹	27,583	****
Net carrying value as at December 31, 2020	₹	12,195	****	₹	861	****	₹	13,056	****

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

During the period ended December 31, 2020, change in business strategy of a customer has led to a significant decline in the revenue and earnings estimates, resulting in revision of recoverable value of customer-relationship intangible assets recognized on business combination. Further, the Company integrated certain brands acquired as part of a business combination, resulting in discontinuance of the acquired brands. Consequently, the Company has recognized impairment charge of ₹ 1,628 and ₹ 1,890 for the three and nine months ended December 31, 2020 respectively, as part of amortization and impairment.

7. Business combination:

During the nine months ended December 31, 2020, the Company has completed three business combinations (which individually are not material) for a total consideration of ₹ 7,853. These include (a) acquisition of IVIA Serviços de Informática Ltda. (“IVIA”), a specialized IT services provider to financial services, retail and manufacturing sectors in Brazil (b) acquisition of 4C NV and its subsidiaries (“4C”), a Salesforce multi-cloud partner in Europe, U.K. and the Middle East, and (c) acquisition of Encore Theme Technologies Private Limited (“ETT’), a Finastra trade finance solutions partner across the Middle East, Africa, India and Asia Pacific. The following table presents the provisional purchase price allocation:

Description	Purchase priceallocated
Net assets	₹	503
Customer related intangibles		981
Marketing related intangibles		566
Deferred tax liabilities on intangible assets		(429	)
Total	₹	1,621	****
Goodwill		6,232
Total purchase price	₹	7,853	****

The total consideration for IVIA includes a deferred earn-out component of ₹ 497, which is linked to achievement of revenues and earnings over a period of 3 years ending September 30, 2023. The fair value of the earn-out liability was estimated by applying the discounted cash-flow approach considering discount rate of 5.7% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at ₹ 460 and recorded as part of provisional purchase price allocation.

The total consideration for ETT includes a deferred earn-out component of ₹ 305, which is linked to achievement of revenues and earnings over a period of 1.5 years ending March 31, 2022. The fair value of the earn-out liability was estimated by applying the discounted cash-flow approach considering discount rate of 7.4% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at ₹ 196 and recorded as part of provisional purchase price allocation.

Net assets acquired include ₹ 887 of cash and cash equivalents.

The goodwill of ₹ 6,232 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes.

The pro-forma effects of these business combinations on the Company’s results were not material.

8. Investments

	As at
	March 31, 2020	December 31, 2020
Non-current
Financial instruments at FVTOCI
Equity instruments
Financial instruments at amortized cost
Inter corporate and term deposits *

Current
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds
Financial instruments at FVTOCI
Commercial paper, Certificate of deposits and bonds
Financial instruments at amortized cost
Inter corporate and term deposits * #
	189,635	312,909
	198,937	321,588

All values are in Indian Rupees.

*	These deposits earn a fixed rate of interest. Term deposits include<br>non- current and current deposits in lien with banks primarily on account of term deposits held as margin money deposits against guarantees amounting to ₹ 3, and ₹ 507, respectively (March 31, 2020: Term deposits non-current<br>of ₹ 5 and Term deposits current of ₹ 796).
#	Term Deposits include<br>₹ 9,716 in lien with bank in lieu of escrow required for buyback of equity shares (Refer to Note 31)
---	---

9. Inventories

	As at
	March 31, 2020		December 31, 2020
Stores and spare parts	₹	613	₹	232
Finished and traded goods		1,252		973
	₹	1,865	₹	1,205

10. Cash and cash equivalents:

	As at
	March 31, 2020		December 31, 2020
Cash and bank balances	₹	34,087	₹	42,794
Demand deposits with banks *		110,412		96,641
	₹	144,499	₹	139,435

* These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal.

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

	As at
	December 31, 2019			December 31, 2020
Cash and cash equivalents	₹	186,637		₹	139,435
Bank overdrafts		(1,102	)		(49	)
	₹	185,535	****	₹	139,386	****

11. Other financial assets

	As at
	March 31, 2020		December 31, 2020
Non-current
Security deposits	₹	1,581	₹	1,476
Interest receivables		1,139		1,139
Finance lease receivables		2,359		3,603
Others		802		439
	₹	5,881	₹	6,657
Current
Security deposits	₹	1,127	₹	1,305
Dues from officers and employees		1,040		1,120
Finance lease receivables		2,811		3,392
Interest receivables		2,581		1,491
Escrow balances with bank for buyback of equity shares		—		950
Others		1,055		770
	₹	8,614	₹	9,028
	₹	14,495	₹	15,685

12. Other assets

	As at
	March 31, 2020		December 31, 2020
Non-current
Prepaid expenses	₹	4,535	₹	3,438
Costs to obtain contract*		4,030		3,580
Costs to fulfil contract		305		328
Others		3,065		4,087
	₹	11,935	₹	11,433
Current
Prepaid expenses	₹	9,876	₹	11,184
Dues from officers and employees		310		79
Advance to suppliers		3,121		2,471
Balance with GST and other authorities		7,805		7,524
Costs to obtain contract*		1,258		795
Costs to fulfil contract		—		37
Others		135		54
	₹	22,505	₹	22,144
	₹	34,440	₹	33,577
*	Amortization of ₹ 258<br>and ₹ 317 during the three months ended December 31, 2019 and 2020 respectively, and<br>₹ 848 and ₹ 1,031 during the nine months ended December 31, 2019 and<br>2020 respectively.
---	---

13. Loans, borrowings and bank overdrafts

	As at
	March 31, 2020		December 31, 2020
Borrowings from banks	₹	77,058	₹	73,014
Bank overdrafts		395		49
Loans from institutions other than bank		589		406
	₹	78,042	₹	73,469
Non-current		4,840		213
Current		73,202		73,256

14. Other financial liabilities

	As at
	March 31, 2020		December 31, 2020
Non-current
Cash Settled ADS RSUs	₹	146	₹	293
Contingent consideration		—		527
Advance from customers		—		106
Deposits and others		5		3
	₹	151	₹	929

Current
Liability towards buyback of equity shares	₹	—	₹	95,000
Cash Settled ADS RSUs		350		547
Contingent consideration		—		149
Advance from customers		—		106
Deposits and others		549		802
	₹	899	₹	96,604
	₹	1,050	₹	97,533

15. Other liabilities

	As at
	March 31, 2020		December 31, 2020
Non-current
Employee benefits obligations	₹	3,767	₹	3,321
Others		3,770		4,482
	₹	7,537	₹	7,803
Current
Tax on liability towards buyback of equity shares	₹	—	₹	22,021
Statutory and other liabilities		4,919		8,724
Employee benefits obligations		12,356		14,872
Advance from customers		1,464		483
Others		515		527
	₹	19,254	₹	46,627
	₹	26,791	₹	54,430

16. Provisions

	As at
	March 31, 2020		December 31, 2020
Non-current
Provision for warranty	₹	2	₹	1
	₹	2	₹	1
Current
Provision for warranty	₹	317	₹	221
Others		295		464
	₹	612	₹	685
	₹	614	₹	686

Provision for warranty represents cost associated with providing sales support services which are accrued at the time of recognition of revenues and are expected to be utilized over a period of 1 to 2 years. Other provisions primarily include provisions for compliance related contingencies. The timing of cash outflows in respect of such provision cannot be reasonably determined.

17. Financial instruments:

Derivative assets and liabilities:

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

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

(in millions)

	As at
	March 31, 2020					December 31, 2020
	Notional		Fairvalue			Notional		Fairvalue
Designated derivative instruments
Sell: Forward contracts		1,011	₹	(2,902	)		1,412	₹	2,519
		121	₹	231			109	₹	(621	)
		52	₹	240			75	₹	(317	)
		144	₹	741			103	₹	(631	)
Range forward option contracts		474	₹	(1,057	)		233	₹	677
		39	₹	85			20	₹	(27	)
		98	₹	(13	)		56	₹	(206	)
		—	₹	—			34	₹	(39	)
Non-designated derivative instruments
Sell: Forward contracts *		1,314	₹	(3,116	)		1,254	₹	899
		59	₹	34			100	₹	(204	)
		81	₹	112			86	₹	(224	)
		56	₹	115			29	₹	(60	)
		7	₹	8			13	₹	(10	)
		17	₹	1			37	₹	(3	)
		51	₹	153			21	₹	(11	)
		60	₹	(1	)		102	₹	(1	)
		34	₹	13			8	₹	2
		7	₹	4			9	₹	(14	)
		19	₹	(8	)		13	₹	(7	)
		30	₹	31			43	₹	(45	)
		19	₹	16			9	₹	(3	)
		2	₹	1			2	₹	(1	)
		13	₹	4			58	₹	(26	)
		20	₹	1			—	₹	—
		325	₹	^			736	₹	(6	)
Buy: Forward contracts		480	₹	972			255	₹	(1,009	)
		11	₹	(9	)		—	₹	—
		—	₹	—			37	₹	22
		9	₹	^			47	₹	13
		—	₹	—			2	₹	5
		—	₹	—			1	₹	^
			₹	(4,344	)			₹	672	****

All values are in Euros.

^	Value is less than ₹ 1.<br>
*	USD 1,314 and USD 1,254 includes USD/PHP sell forward of USD 176 and USD 231 as at March 31, 2020 and<br>December 31, 2020, respectively.
---	---

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

	Nine months ended December 31,
	2019			2020
Balance as at the beginning of the period	₹	3,019		₹	(2,876	)
Deferred cancellation gain/(loss), net		(206	)		—
Changes in fair value of effective portion of derivatives		(198	)		3,082
Net (gain)/loss reclassified to interim condensed consolidated statement of income on occurrence<br>of hedged transactions *		(2,667	)		1,149
Gain/(loss) on cash flow hedging derivatives, net	₹	(3,071	)	₹	4,231
Balance as at the end of the period	₹	(52	)	₹	1,355	****
Deferred tax thereon		(33	)		(293	)
Balance as at the end of the period, net of deferred tax	₹	(85	)	₹	1,062	****
*	Includes net (gain)/loss reclassified to revenue of<br>₹ (3,807) and ₹ 1,248 for the nine months ended December 31, 2019 and<br>2020, respectively and net (gain)/loss reclassified to cost of revenues of ₹ 1,140 and<br>₹ (99) for the nine months ended December 31, 2019 and 2020, respectively.
---	---

As at December 31, 2019 and 2020, there were no significant gains or losses on derivative transactions or portions thereof that have become ineffective as hedges or associated with an underlying exposure that did not occur.

Fair value:

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

The fair value of cash and cash equivalents, trade receivables, unbilled receivables, loans, borrowings and bank overdrafts, trade payables and accrued expenses, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. The Company’s long-term debt has been contracted at market rates of interest. Accordingly, the carrying value of such long-term debt approximates fair value. Further, finance lease receivables are periodically evaluated based on individual credit worthiness of customers.

Based on this evaluation, the Company records allowance for estimated losses on these receivables. As at March 31, 2020 and December 31, 2020, the carrying value of such receivables, net of allowances approximates the fair value.

Investments in liquid and short-term mutual funds, which are classified as FVTPL are measured using net asset values at the reporting date multiplied by the quantity held. Fair value of investments in commercial papers, certificate of deposits and bonds classified as FVTOCI is determined based on the indicative quotes of price and yields prevailing in the market at the reporting date. Fair value of investments in equity instruments classified as FVTOCI is determined using market and income approaches.

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

Fair value hierarchy

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

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

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

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

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

Particular	As at March 31, 2020										As at December 31, 2020
	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	₹	1,382		₹	—	₹	1,382		₹	—	₹	3,196		₹	—	₹	3,196		₹	—
Others		1,643			—		1,643			—		943			—		943			—
Investments:
Investment in liquid and short-term mutual funds		14,795			14,795		—			—		87,720			87,720		—			—
Investment in equity instruments		9,297			—		119			9,178		8,676			45		201			8,430
Commercial paper, Certificate of deposits and bonds		155,587			12,983		142,604			—		183,819			1,902		181,917			—
Liabilities
Derivative instruments:
Cash flow hedges	₹	(4,057	)	₹	—	₹	(4,057	)	₹	—	₹	(1,841	)	₹	—	₹	(1,841	)	₹	—
Others		(3,312	)		—		(3,312	)		—		(1,626	)		—		(1,626	)		—
Contingent consideration (Refer to Note 7)		—			—		—			—		(676	)		—		—			(676	)

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

Derivative instruments (assets and liabilities): The Company enters into derivative financial instruments with various counterparties, primarily banks with investment grade credit ratings. Derivatives valued using valuation techniques with market observable inputs are mainly interest rate swaps, foreign exchange forward contracts and foreign exchange option contracts. The most frequently applied valuation techniques include forward pricing, swap models and Black Scholes models (for option valuation), using present value calculations. The models incorporate various inputs including the credit quality of counterparties, foreign exchange spot and forward rates, interest rate curves and forward rate curves of the underlying. As at December 31, 2020, the changes in counterparty credit risk had no material effect on the hedge effectiveness assessment for derivatives designated in hedge relationships and other financial instruments recognized at fair value.

Investment in commercialpapers, certificate of deposits and bonds: Fair value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at reporting date.

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

Investment in equity instruments: Fair value of these instruments is determined using market and income approaches

Details of assets and liabilities considered under Level 3 classification

	As at
Investment in equity instruments	March 31, 2020			December 31, 2020
Balance at the beginning of the period	₹	6,668	****	₹	9,178	****
Additions		2,124			412
Disposals		(1,327	)		(1,263	)
Transfers out of Level 3		—			(27	)
Gain/(loss) recognized in foreign currency translation reserve		855			(229	)
Gain/(loss) recognized in other comprehensive income		858			359
Balance at the end of the period	₹	9,178	****	₹	8,430	****
	As at
Contingent consideration	March 31, 2020			December 31, 2020
Balance at the beginning of the period	₹	—	****	₹	—	****
Additions (Refer to note 7)		—			(656	)
Finance expense recognized in statement of income		—			(11	)
Gain/(loss) recognized in foreign currency translation reserve		—			(9	)
Balance at the end of the period	₹	—	****	₹	(676	)

18. Foreign currency translation reserve

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

	Nine months ended December 31,
	2019		2020
Balance at the beginning of the period	₹	15,250	₹	23,539
Translation difference related to foreign operations, net		3,924		851
Balance at the end of the period	₹	19,174	₹	24,390

19. Income taxes

	Three months ended December 31,						Nine months ended December 31,
	2019			2020			2019			2020
Income tax expense as per the interim condensed consolidated statement of income	₹	6,164		₹	8,524		₹	18,594		₹	22,590
Income tax included in other comprehensive income on:
Unrealized gains/ (losses) on investment securities		(47	)		63			(275	)		586
Gains/(losses) on cash flow hedging derivatives		(449	)		65			(571	)		854
Remeasurements of the net defined benefit liability /(asset) comprising actuarial gains and<br>losses		(43	)		(20	)		(61	)		(61	)
	₹	5,625	****	₹	8,632	****	₹	17,687	****	₹	23,969	****

Income tax expense consists of the following:

	Three months ended December 31,						Nine months ended December 31,
	2019			2020			2019			2020
Current taxes
Domestic	₹	3,914		₹	4,195		₹	12,478		₹	12,516
Foreign		1,814			2,629			5,510			5,351
	₹	5,728	****	₹	6,824	****	₹	17,988	****	₹	17,867	****
Deferred taxes
Domestic	₹	845		₹	2,153		₹	1,176		₹	5,383
Foreign		(409	)		(453	)		(570	)		(660	)
	₹	436	****	₹	1,700	****	₹	606	****	₹	4,723	****
	₹	6,164	****	₹	8,524	****	₹	18,594	****	₹	22,590	****

Income tax expenses are net of reversal of taxes pertaining to earlier periods, amounting to ₹ 1,263 and ₹ 1,564 for the three months ended December 31, 2019 and 2020 respectively, and ₹ 6,516 and ₹ 3,124 for the nine months ended December 31, 2019 and 2020 respectively.

The Special Economic Zone (“SEZ”) Re-Investment Reserve has been created out of profit of eligible SEZ units as per provisions of section 10AA(1)(ii) of the Income–tax Act, 1961 for acquiring new plant and machinery. The said reserve should be utilized by the Company for acquiring plant and machinery as per terms of Section 10AA(2) of the Income-tax Act, 1961. This reserve is not freely available for distribution.

20. Revenues

	Three months ended December 31,				Nine months ended December 31,
	2019		2020		2019		2020
Rendering of services	₹	152,103	₹	155,143	₹	444,718	₹	451,430
Sale of products		2,602		1,557		8,404		5,546
	₹	154,705	₹	156,700	₹	453,122	₹	456,976

Information on disaggregation of revenues for the three months ended December 31, 2019 is as follows:

	IT Services																IT Products		ISRE		Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
A. Revenue
Rendering of services	₹	46,370	₹	19,724	₹	25,325	₹	19,448	₹	18,486	₹	12,380	₹	8,524	₹	150,257	₹	—	₹	1,846	₹	152,103
Sale of products		—		—		—		—		—		—		—		—		2,602		—	****	2,602
	₹	46,370	₹	19,724	₹	25,325	₹	19,448	₹	18,486	₹	12,380	₹	8,524	₹	150,257	₹	2,602	₹	1,846	₹	154,705
B. Revenue by geography
India	₹	1,618	₹	624	₹	267	₹	426	₹	236	₹	443	₹	484	₹	4,098	₹	1,374	₹	1,846	₹	7,318
Americas *		26,851		15,364		17,988		6,422		13,868		6,060		2,369		88,922		209		—	****	89,131
Europe		11,147		1,774		4,428		7,937		3,534		4,794		2,030		35,644		454		—	****	36,098
Rest of the World		6,754		1,962		2,642		4,663		848		1,083		3,641		21,593		565		—	****	22,158
	₹	46,370	₹	19,724	₹	25,325	₹	19,448	₹	18,486	₹	12,380	₹	8,524	₹	150,257	₹	2,602	₹	1,846	₹	154,705
C. Revenue by nature of contract
Fixed price and volume based	₹	25,222	₹	13,226	₹	14,346	₹	13,213	₹	12,455	₹	8,785	₹	5,715	₹	92,962	₹	—	₹	1,527	₹	94,489
Time and materials		21,148		6,498		10,979		6,235		6,031		3,595		2,809		57,295		—		319	****	57,614
Products		—		—		—		—		—		—		—		—		2,602		—	****	2,602
	₹	46,370	₹	19,724	₹	25,325	₹	19,448	₹	18,486	₹	12,380	₹	8,524	₹	150,257	₹	2,602	₹	1,846	₹	154,705

Information on disaggregation of revenues for the three months ended December 31, 2020 is as follows:

	IT Services																IT Products		ISRE		Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
A. Revenue
Rendering of services	₹	46,630	₹	21,209	₹	24,994	₹	19,991	₹	19,318	₹	12,627	₹	7,984	₹	152,753	₹	—	₹	2,390	₹	155,143
Sale of products		—		—		—		—		—		—		—		—		1,557		—	****	1,557
	₹	46,630	₹	21,209	₹	24,994	₹	19,991	₹	19,318	₹	12,627	₹	7,984	₹	152,753	₹	1,557	₹	2,390	₹	156,700
B. Revenue by geography
India	₹	1,660	₹	544	₹	223	₹	324	₹	216	₹	444	₹	281	₹	3,692	₹	428	₹	2,390	₹	6,510
Americas *		26,334		15,781		17,177		6,365		14,343		5,949		2,111		88,060		392		—	****	88,452
Europe		11,536		2,560		5,082		8,452		3,284		5,594		1,981		38,489		221		—	****	38,710
Rest of the World		7,100		2,324		2,512		4,850		1,475		640		3,611		22,512		516		—	****	23,028
	₹	46,630	₹	21,209	₹	24,994	₹	19,991	₹	19,318	₹	12,627	₹	7,984	₹	152,753	₹	1,557	₹	2,390	₹	156,700
C. Revenue by nature of contract
Fixed price and volume based	₹	25,905	₹	14,704	₹	12,547	₹	13,913	₹	13,090	₹	9,078	₹	5,263	₹	94,500	₹	—	₹	2,015	₹	96,515
Time and materials		20,725		6,505		12,447		6,078		6,228		3,549		2,721		58,253		—		375	****	58,628
Products		—		—		—		—		—		—		—		—		1,557		—	****	1,557
	₹	46,630	₹	21,209	₹	24,994	₹	19,991	₹	19,318	₹	12,627	₹	7,984	₹	152,753	₹	1,557	₹	2,390	₹	156,700

Information on disaggregation of revenues for the nine months ended December 31, 2019 is as follows:

	IT Services																IT Products		ISRE		Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
A. Revenue
Rendering of services	₹	137,028	₹	57,306	₹	71,000	₹	56,553	₹	56,083	₹	35,460	₹	25,258	₹	438,688	₹	—	₹	6,030	₹	444,718
Sale of products		—		—		—		—		—		—		—		—		8,404		—	****	8,404
	₹	137,028	₹	57,306	₹	71,000	₹	56,553	₹	56,083	₹	35,460	₹	25,258	₹	438,688	₹	8,404	₹	6,030	₹	453,122
B. Revenue by geography
India	₹	3,560	₹	1,807	₹	775	₹	1,349	₹	742	₹	1,445	₹	1,578	₹	11,256	₹	5,534	₹	6,030	₹	22,820
Americas *		80,873		44,330		50,187		18,041		42,148		17,411		6,720		259,710		645		—	****	260,355
Europe		33,509		5,603		12,455		23,037		10,826		13,572		6,078		105,080		1,065		—	****	106,145
Rest of the World		19,086		5,566		7,583		14,126		2,367		3,032		10,882		62,642		1,160		—	****	63,802
	₹	137,028	₹	57,306	₹	71,000	₹	56,553	₹	56,083	₹	35,460	₹	25,258	₹	438,688	₹	8,404	₹	6,030	₹	453,122
C. Revenue by nature of contract
Fixed price and volume based	₹	75,724	₹	37,351	₹	39,608	₹	38,993	₹	36,253	₹	25,125	₹	16,338	₹	269,392	₹	—	₹	4,864	₹	274,256
Time and materials		61,304		19,955		31,392		17,560		19,830		10,335		8,920		169,296		—		1,166	****	170,462
Products		—		—		—		—		—		—		—		—		8,404		—	****	8,404
	₹	137,028	₹	57,306	₹	71,000	₹	56,553	₹	56,083	₹	35,460	₹	25,258	₹	438,688	₹	8,404	₹	6,030	₹	453,122

Information on disaggregation of revenues for the nine months ended December 31, 2020 is as follows:

	IT Services																IT Products		ISRE		Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
A. Revenue
Rendering of services	₹	136,945	₹	61,080	₹	71,877	₹	58,033	₹	57,248	₹	36,483	₹	23,141	₹	444,807	₹	—	₹	6,623	₹	451,430
Sale of products		—		—		—		—		—		—		—		—		5,546		—	****	5,546
	₹	136,945	₹	61,080	₹	71,877	₹	58,033	₹	57,248	₹	36,483	₹	23,141	₹	444,807	₹	5,546	₹	6,623	₹	456,976
B. Revenue by geography
India	₹	5,017	₹	1,790	₹	637	₹	1,145	₹	514	₹	1,360	₹	949	₹	11,412	₹	2,417	₹	6,623	₹	20,452
Americas *		78,382		45,850		49,906		18,254		44,171		17,565		5,536		259,664		661		—	****	260,325
Europe		33,196		6,790		13,709		24,091		8,792		15,218		6,009		107,805		1,304		—	****	109,109
Rest of the World		20,350		6,650		7,625		14,543		3,771		2,340		10,647		65,926		1,164		—	****	67,090
	₹	136,945	₹	61,080	₹	71,877	₹	58,033	₹	57,248	₹	36,483	₹	23,141	₹	444,807	₹	5,546	₹	6,623	₹	456,976
C. Revenue by nature of contract
Fixed price and volume based	₹	75,842	₹	42,458	₹	36,351	₹	39,235	₹	38,521	₹	26,299	₹	15,511	₹	274,217	₹	—	₹	5,275	₹	279,492
Time and materials		61,103		18,622		35,526		18,798		18,727		10,184		7,630		170,590		—		1,348	****	171,938
Products		—		—		—		—		—		—		—		—		5,546		—	****	5,546
	₹	136,945	₹	61,080	₹	71,877	₹	58,033	₹	57,248	₹	36,483	₹	23,141	₹	444,807	₹	5,546	₹	6,623	₹	456,976
*	Substantially related to operations in the United States of America.
---	---

21. Expenses by nature

	Three months endedDecember 31,						Nine months endedDecember 31,
	2019			2020			2019		2020
Employee compensation	₹	82,381		₹	82,769		₹	241,123	₹	246,199
Sub-contracting/ technical fees		22,764			20,657			67,750		62,115
Cost of hardware and software		2,702			1,441			8,381		5,465
Travel		4,956			1,394			14,138		3,948
Facility expenses		4,881			4,996			14,662		14,967
Depreciation, amortization and impairment*		5,295			7,927			15,064		20,661
Communication		1,213			1,462			3,495		4,617
Legal and professional fees		1,142			1,437			3,477		3,972
Rates, taxes and insurance		692			636			1,853		2,540
Marketing and brand building		690			283			1,953		679
Lifetime expected credit loss		(72	)		(230	)		649		1,615
Miscellaneous expenses**		1,555			681			4,161		3,340
Total cost of revenues, selling and marketing expenses and general and administrativeexpenses	₹	128,199	****	₹	123,453	****	₹	376,706	₹	370,118
*	Depreciation, amortization and impairment includes impairment charge on certain software platforms, capital work-in-progress and intangible assets amounting to ₹ 1,673 and ₹ 2,427, for the three months and nine months ended December 31, 2020, respectively.
---	---
**	Miscellaneous expenses for the three months and nine months ended December 31, 2020, includes an amount of<br>₹ Nil, and ₹ 991, respectively towards<br>COVID-19 contributions.
---	---

22. Finance expenses

	Three months endedDecember 31,		Nine months endedDecember 31,
	2019	2020	2019	2020
Interest expense
Exchange fluctuation on foreign currency borrowings, net
	1,844	1,400	5,675	3,966

All values are in Indian Rupees.

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

	Three months endedDecember 31,			Nine months endedDecember 31,
	2019		2020	2019		2020
Interest income
Dividend income
Net gain from investments classified as FVTPL
Net gain from investments classified as FVTOCI
Finance and other income	5,370		5,975	19,174		16,465
Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL		)
Other foreign exchange gains/(losses), net					)		)
Foreign exchange gains/(losses), net		****			****		****

All values are in Indian Rupees.

24. Earnings per share:

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

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

	Three months ended December 31,				Nine months ended December 31,
	2019		2020		2019		2020
Profit attributable to equity holders of the Company	₹	24,558	₹	29,667	₹	73,958	₹	78,225
Weighted average number of equity shares outstanding		5,692,132,118		5,696,798,493		5,879,588,157		5,694,731,405
Basic earnings per share	₹	4.31	₹	5.21	₹	12.58	₹	13.74

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

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

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

	Three months ended December 31,				Nine months ended December 31,
	2019		2020		2019		2020
Profit attributable to equity holders of the Company	₹	24,558	₹	29,667	₹	73,958	₹	78,225
Weighted average number of equity shares outstanding		5,692,132,118		5,696,798,493		5,879,588,157		5,694,731,405
Effect of dilutive equivalent share options		11,132,923		12,157,947		13,378,749		12,356,425
Dilutive effect from proposed buyback of equity shares		—		32,114,026		—		105,691,275
Weighted average number of equity shares for diluted earnings per share		5,703,265,041		5,741,070,466		5,892,966,906		5,812,779,105
Diluted earnings per share	₹	4.30	₹	5.17	₹	12.55	₹	13.46

Diluted earnings per share for each of the three months ended June 30, September 30 and December 31 will not add up to diluted earnings per share for the nine months ended December 31, 2020, on account of dilutive effect of liability for proposed buyback of equity shares.

25. Employee benefits

	Three months endedDecember 31,		Nine months endedDecember 31,
	2019	2020	2019	2020
Salaries and bonus
Employee benefits plans
Gratuity and other defined benefit plans
Defined contribution plans
Share-based compensation
	82,381	82,769	241,123	246,199

All values are in Indian Rupees.

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

	Three months endedDecember 31,		Nine months endedDecember 31,
	2019	2020	2019	2020
Cost of revenues
Selling and marketing expenses
General and administrative expenses
	82,381	82,769	241,123	246,199

All values are in Indian Rupees.

The Company has granted 2,402,440 and 2,472,440 options under RSU option plan during the three and nine months ended December 31, 2020 (30,000 and 2,957,000 for the three and nine months ended December 31, 2019); 1,085,420 and 1,701,420 options under ADS option plan during the three and nine months ended December 31, 2020, respectively (40,000 and 2,710,400 for three and nine months ended December 31, 2019).

The Company has also granted 2,879,860 and 2,969,860 Performance based stock options (RSU) during the three and nine months ended December 31, 2020, respectively (Nil and 2,244,500 for the three and nine months ended December 31, 2019); 1,452,980 and 2,376,980 Performance based stock options (ADS) during the three and nine months ended December 31, 2020, respectively (Nil and 2,440,600 for three and nine months ended December 31, 2019).

The RSU grants were issued under Wipro Employee Restricted Stock Unit plan 2007 (WSRUP 2007 plan) and the ADS grants were issued under Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan).

26. Other operating income/(loss), net

The Company has partially met the first and second-year business targets pertaining to sale of hosted data center business concluded during the year ended March 31, 2019. Change in fair value of the callable units pertaining to achievement of the business targets amounting to ₹ Nil for the three months ended December 31, 2019 and 2020, and ₹ 597 and ₹ (81) for the nine months ended December 31, 2019, and December 31, 2020 respectively has been recognized under other operating income/(loss), net.

The Company concluded the sale of assets pertaining to Workday business and Cornerstone OnDemand business in Portugal, France and Sweden during the year ended March 31, 2020. Gain arising from such transaction of ₹ Nil and ₹ 152 for the three months and nine months ended December 31, 2019 respectively, has been recognized under other operating income/(loss), net.

27. Commitmentsand contingencies

Capital commitments: As at March 31, 2020 and December 31, 2020 the Company had committed to spend approximately ₹ 14,011 and ₹ 9,571 respectively, under agreements to purchase/ construct property and equipment. These amounts are net of capital advances paid in respect of these purchases.

Guarantees: As at March 31, 2020 and December 31, 2020, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 18,655 and ₹ 27,626 (including ₹ 9,650 towards Buyback as referred in Note 31) respectively, as part of the bank line of credit.

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

In March 2004, the Company received a tax demand for year ended March 31, 2001 arising primarily on account of denial of deduction under section 10A of the Income Tax Act, 1961 in respect of profit earned by the Company’s undertaking in Software Technology Park at Bengaluru. The same issue was repeated in the successive assessments for the years ended March 31, 2002 to March 31, 2011 and the aggregate demand is ₹ 47,583 (including interest of ₹ 13,832). The appeals filed against the said demand before the Appellate authorities have been allowed in favor of the Company by the second appellate authority for the years up to March 31, 2011. Further appeals have been filed by the Income tax authorities before the Hon’ble High Court. The Hon’ble High Court has heard and disposed-off majority of the issues in favor of the Company up to years ended March 31, 2008. Department has filed a Special Leave Petition before the Supreme Court of India for the year ended March 31, 2001 to March 31, 2004. Further, for the financial years ending March 31, 2009 to March 31, 2014, the Hon’ble Income Tax Appellate Tribunal (“ITAT”) has heard and disposed-off majority of the issues in favor of the Company. Out of six financial years, aggregate demand for year ending March 31, 2009 to March 31, 2011 of ₹ 8,226 (including interest of ₹ 1,798) is included above. Remaining three years ending from March 31, 2012 to March 31, 2014 has aggregate demand of ₹ 4,316 (including interest of ₹ 1,165).

For the year ended March 31, 2015, the Company received the final assessment order in October 2019 with an estimated demand of ₹ 1,347 (including nil interest), arising primarily on account of capitalization of wages. The Company has filed an appeal before the Hon’ble ITAT, Bengaluru within the prescribed timelines.

For the year ended March 31, 2016, the Company received the draft assessment order in December 2019 with an estimated demand of ₹ 704 (including nil interest), arising primarily on account of capitalization of wages. The Company has filed the objections before the Dispute Resolution Panel (Bengaluru) within the prescribed timelines.

For the year ended March 31, 2007 to year ended March 31, 2012, the company has received tax demand of ₹ 227 (including interest of ₹ 102) for non-deduction of tax at source on some payments. The Company has already deposited the demand under protest. The Company received order issued by ITAT, Bengaluru rejecting Company’s appeal. The Company has received a favorable order on this issue from the Hon’ble High Court of Karnataka for the earlier years and has filed appeal with Hon’ble High Court of Karnataka challenging order from ITAT. Hon’ble High Court of Karnataka has admitted the appeal and has granted stay for penalty proceeding initiated by the department.

Income tax demands against the Company amounting to ₹ 77,873 and ₹ 84,797 are not acknowledged as debt as at March 31, 2020 and December 31, 2020, respectively. These matters are pending before various Appellate Authorities and the management expects its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company’s financial position and results of operations.

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounting to ₹ 8,033 and ₹ 10,298 as of March 31, 2020 and December 31, 2020, respectively. However, the resolution of these disputed demands is not likely to have a material and adverse effect on the results of operations or the financial position of the Company.

The Hon’ble Supreme Court of India, through a ruling in February 2019, provided interpretation on the components of Salary on which the Company and its employees are to contribute towards Provident Fund under the Employee’s Provident Fund Act. Based on the current evaluation, the Company believes it is not probable that certain components of Salary paid by the Company will be subject to contribution towards Provident Fund due to the Supreme Court order. The Company will continue to monitor and evaluate its position based on future events and developments.

28. Segment information

The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (“ISRE”).

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. The industry verticals are as follows: Banking, Financial Services and Insurance (“BFSI”), Health Business unit (“Health BU”), Consumer Business unit (“CBU”), Energy, Natural Resources & Utilities (“ENU”), Manufacturing (“MFG”), Technology (“TECH”) and Communications (“COMM”). Key service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.

As announced on November 12, 2020, in order to broad base our growth, effective January 1, 2021, we re-organized our IT Services segment from seven industry verticals to four Strategic Market Units (“SMUs”) as follows—Americas 1, Americas 2, Europe and Asia Pacific Middle East Africa (“APMEA”). We will report our IT Services segment information organized by SMUs from quarter ending March 31, 2021.

ITProducts: The Company is a value-added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged 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 the above items is reported as revenue from the sale of IT Products.

ISRE: This segment consists of IT Services offerings to entities or departments owned or controlled by Government of India and/ or any State Governments.

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

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

Information on reportable segment for the three months ended December 31, 2019, is as follows:

	IT Services																IT Products			ISRE			ReconcilingItems		Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue		46,612		19,799		25,443		19,553		18,584		12,450		8,565	₹	151,006	₹	2,576		₹	1,847		₹	3	₹	155,432
Other operating income		—		—		—		—		—		—		—	****	—		—			—			—		—
Segment Result		8,246		3,186		4,725		3,130		3,256		2,385		1,444	****	26,372		(140	)		(528	)		169		25,873
Unallocated															****	1,360		—			—			—		1,360
Segment Result Total															₹	27,732	₹	(140	)	₹	(528	)	₹	169	₹	27,233	****
Finance expense																										(1,844	)
Finance and other income																										5,370
Share of profit/ (loss) of associates accounted for using the equity method																										34
Profit before tax																									₹	30,793	****
Income tax expense																										(6,164	)
Profit for the period																									₹	24,629	****
Depreciation, amortization and impairment																									₹	5,295

Information on reportable segment for the three months ended December 31, 2020, is as follows:

	IT Services																IT Products		ISRE		ReconcilingItems			Total
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total
Revenue	₹	46,825	₹	21,266	₹	25,077	₹	20,076	₹	19,394	₹	12,677	₹	8,016	₹	153,331	₹	1,552	₹	2,393	₹	(10	)	₹	157,266
Other operating income/(loss), net		—		—		—		—		—		—		—	****	—		—		—		—			—
Segment Result		9,820		4,359		6,166		3,688		3,128		2,552		1,445	****	31,158		89		473		47			31,767
Unallocated															****	2,046		—		—		—			2,046
Segment Result Total															₹	33,204	₹	89	₹	473	₹	47	****	₹	33,813	****
Finance expense																									(1,400	)
Finance and other income																									5,975
Share of profit/ (loss) of associates accounted for using the equity method																									101
Profit before tax																								₹	38,489	****
Income tax expense																									(8,524	)
Profit for the period																								₹	29,965	****
Depreciation, amortization and impairment																								₹	7,927

Information on reportable segment for the nine months ended December 31, 2019, is as follows:

	IT Services																ITProducts			ISRE			ReconcilingItems			Total
	BFSI		HealthBU		CBU		ENU		TECH		MFG		COMM		Total
Revenue	₹	137,767	₹	57,651	₹	71,339	₹	56,873	₹	56,392	₹	35,672	₹	25,387	₹	441,081	₹	8,218		₹	6,059		₹	(60	)	₹	455,298
Other operating income		—		—		—		—		—		—		—	****	749		—			—			—			749
Segment Result		25,988		8,978		12,183		8,410		10,406		6,916		4,006	****	76,887		(398	)		(1,341	)		320			75,468
Unallocated															****	3,124											3,124
Segment Result Total															₹	80,760	₹	(398	)	₹	(1,341	)	₹	320	****	₹	79,341	****
Finance expense																											(5,675	)
Finance and other income																											19,174
Share of net profit /(loss) of associates accounted for using the equity method																											16
Profit before tax																										₹	92,856	****
Income tax expense																											(18,594	)
Profit for the period																										₹	74,262	****
Depreciation, amortization and impairment																											15,064

Information on reportable segment for the nine months ended December 31, 2020, is as follows:

	IT Services																	ITProducts			ISRE		ReconcilingItems			Total
	BFSI		HealthBU		CBU		ENU		TECH		MFG		COMM		Total
Revenue	₹	137,648	₹	61,320	₹	72,183	₹	58,345	₹	57,542	₹	36,672	₹	23,258	₹	446,968	****	₹	5,501		₹	6,629	₹	(13	)	₹	459,085
Other operating income/(loss), net		—		—		—		—		—		—		—	****	(81	)		—			—		—			(81	)
Segment Result		27,546		11,092		16,092		10,586		9,927		7,159		3,656	****	86,058	****		(87	)		487		(891	)		85,567
Unallocated		—		—		—		—		—		—		—	****	3,400	****		—			—		—			3,400
Segment Result Total															₹	89,377	****	₹	(87	)	₹	487	₹	(891	)	₹	88,886	****
Finance expense																											(3,966	)
Finance and other income																											16,465
Share of net profit /(loss) of associates accounted for using the equity method																											126
Profit before tax																										₹	101,511	****
Income tax expense																											(22,590	)
Profit for the period																										₹	78,921	****
Depreciation, amortization and impairment																										₹	20,661

The Company has four geographic segments: India, Americas, Europe and Rest of the world. Revenues from the geographic segments based on domicile of the customer are as follows:

	Three months endedDecember 31,				Nine months endedDecember 31,
	2019		2020		2019		2020
India	₹	7,321	₹	6,509	₹	22,765	₹	20,463
Americas *		89,549		88,757		261,654		261,480
Europe		36,279		38,871		106,701		109,682
Rest of the world		22,283		23,129		64,178		67,460
	₹	155,432	₹	157,266	₹	455,298	₹	459,085
*	Substantially related to operations in the United States of America.
---	---

No customer individually accounted for more than 10% of the revenues during the three and nine months ended December 31, 2019 and 2020.

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

Notes:

a)	“Reconciling items” includes elimination of inter-segment transactions and other corporate<br>activities.
b)	During the three and nine months ended December 31, 2020, the Company has contributed ₹ Nil and ₹ 991, respectively towards<br>COVID-19 and is reported in Reconciling items.
---	---
c)	Revenue from sale of traded cloud-based licenses is reported as part of IT Services revenues.<br>
---	---
d)	Revenue from sale of company owned intellectual properties is reported as part of IT Services revenues<br>
---	---
e)	For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains /<br>(losses), net” in revenues (which is reported as a part of operating profit in the interim condensed consolidated statement of income).
---	---
f)	For evaluating performance of the individual operating segments, stock compensation expense is allocated on the<br>basis of straight-line amortization. The differential impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual operating segments is reported in Reconciling items.<br>
---	---
g)	The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment<br>terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is<br>eliminated under Reconciling items.
---	---
h)	Other operating income/(loss) of<br>₹ Nil is included as part of IT Services segment results for three months ended December 31, 2019 and 2020, and ₹ 749 and ₹ (81) for the nine months ended December 31, 2019 and 2020 respectively. Refer to Note 26.<br>
---	---
i)	Segment results are after considering the impact of impairment charge of ₹ 1,040 in TECH industry vertical for the three months ended December 31, 2020 and ₹ 1,302 and ₹ 192 in TECH and BFSI industry vertical, respectively, for the nine months ended December 31, 2020. Further, an impairment charge of<br>₹ 633 for the three and nine months ended December 31, 2020, towards certain marketing-related intangible assets recognized on acquisitions, is allocated to<br>all IT Services industry vertical. The remaining impairment charge of ₹ Nil and<br>₹ 300 for the three and nine months ended December 31, 2020, respectively is included under unallocated. (Refer to Note 4, 6 and 21).
---	---
j)	Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 16 and ₹ 642, for the three months ended December 31, 2019 and 2020<br>respectively, and ₹ 847 and ₹ 1,880 for the nine months ended<br>December 31, 2019 and 2020, respectively. The share-based compensation expense pertaining to other segments is not material.
---	---

29. List of subsidiaries and investments accounted for using equity method as at December 31, 2020 is provided below:

Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
Wipro, LLC			USA
	Wipro Gallagher Solutions, LLC		USA
		Opus Capital Markets Consultants, LLC	USA
		Wipro Promax Analytics Solutions Americas, LLC	USA
	Wipro Insurance Solutions, LLC		USA
	Wipro IT Services, LLC		USA
		HealthPlan Services, Inc. **	USA
		Appirio, Inc. **	USA
		Designit North America, Inc. (formerly known as Cooper Software Inc.)	USA
		Infocrossing, LLC	USA
		Wipro US Foundation	USA
		International TechneGroup<br> <br>Incorporated<br>**	USA
		Rational Interaction, Inc. **	USA
Wipro Overseas IT Services Pvt. Ltd			India
Wipro Japan KK			Japan

Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings (UK) Limited			U.K.
	Designit A/S		Denmark
		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Sweden AB	Sweden
		Designit T.L.V Ltd.	Israel
		Designit Tokyo Ltd.	Japan
		Designit Spain Digital, S.L. **	Spain
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
	Wipro IT Services S.R.L.		Romania
	4C NV		Belgium
		4C Danmark ApS	Denmark
		4C Nederland B.V	Netherlands
		Weare4C UK Limited **	U.K.
		4C Consulting France	France
Wipro IT Services UK Societas			U.K.
	Wipro Doha LLC #		Qatar
	Wipro Technologies SA DE CV		Mexico
	Wipro Philippines, Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelosségu Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelosségu Társaság	Hungary
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Co. Limited *		Saudi Arabia
		Women’s Business Park Technologies Limited *	Saudi Arabia
	Wipro Poland SP Z.O.O		Poland
	Wipro IT Services Poland SP Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. **	Portugal
		Wipro Technologies Limited	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland

		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C.	Peru
		Wipro do Brasil Servicos de Tecnologia S.A.	Brazil
		Wipro do Brasil Technologia Ltda **	Brazil
	Wipro Technologies SA		Argentina
	Wipro Technologies S.R.L.		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Wipro Bahrain Limited Co. S.P.C.		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
	Rainbow Software LLC		Iraq
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Wipro IT Services Bangladesh Limited			Bangladesh
Wipro HR Services India Private Limited			India
Encore Theme Technologies Private Limited *			India
*	All the above direct subsidiaries are 100% held by the Company except that the Company holds 83.4% of the<br>equity securities of Encore Theme Technologies Private Limited, 66.67% of the equity securities of Wipro Arabia Co. Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. Limited.<br>
---	---

The remaining 16.6% equity securities of Encore Theme Technologies Private Limited will be acquired subject to and after receipt of certain regulatory approvals/confirmations.

#	51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in<br>these holdings is with the Company. 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.<br>
**	Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit Spain Digital, S.L,<br>HealthPlan Services, Inc, Appirio, Inc, International TechneGroup Incorporated, Rational Interaction, Inc. and Weare4C UK Limited are as follows:
---	---
Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
		Cellent GmbH	Austria
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
	IVIA Servicos de Informatica Ltda		Brazil
Designit Spain Digital, S.L.			Spain
	Designit Colombia S A S		Colombia
	Designit Peru SAC		Peru
HealthPlan Services, Inc.			USA
	HealthPlan Services Insurance Agency, LLC		USA
International TechneGroup Incorporated			USA
	International TechneGroup Ltd.		U.K.

	ITI Proficiency Ltd		Israel
	International TechneGroup S.R.L.		Italy
		MechWorks S.R.L.	Italy
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Appirio Ltd (UK)	U.K.
Rational Interaction, Inc.			USA
	Rational Consulting Australia Pty Ltd		Australia
	Rational Interaction Limited		Ireland
Weare4C UK Limited			U.K.
	CloudSocius DMCC		UAE
As at December 31, 2020 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accounted for using the equity method.
The list of controlled trusts are:
Name of the entity		Country of incorporation
Wipro Equity Reward Trust		India
Wipro Foundation		India
30.	The Indian Parliament has approved the Code on Social Security, 2020 which would impact the<br>contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stake holders which<br>are under active consideration by the Ministry. Based on an initial assessment by the Company and its Indian subsidiaries, the additional impact on Provident Fund contributions by the Company and its Indian subsidiaries is not expected to be<br>material, whereas, the likely additional impact on Gratuity liability / contributions by the Company and its Indian subsidiaries could be material. The Company and its Indian subsidiaries will complete their evaluation once the subject rules are<br>notified and will give appropriate impact in the financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.
---	---
31.	Buyback of equity shares
---	---

On October 13, 2020, the Board of Directors approved a proposal to Buyback up to 237,500,000 equity shares of ₹ 2 each (representing 4.16% of total paid-up equity share capital as at September 30, 2020) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 400 per equity share for an aggregate amount not exceeding ₹ 95,000 (“Buyback”), in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013 and rules made thereunder (“Buyback Regulations”). Subsequently, the shareholders of the Company approved the Buyback through postal ballot (including e-voting) on November 16, 2020 and December 11, 2020 was fixed as the record date for the Buyback. In accordance with the provisions of the Buyback Regulations, the Letter of offer for the buyback was approved by SEBI on December 21, 2020 and tender period for Buyback opened on December 29, 2020 and will close on January 11, 2021. Consequently, the Company has recorded a liability towards gross obligation on Buyback of equity shares of ₹ 95,000 and the corresponding liability for tax on buyback of ₹ 22,021 as at December 31, 2020.

32.

On October 13, 2020, the Company entered into a definitive agreement to acquire Eximius Design, LLC and Eximius Design India Private Limited, a leading engineering services company with expertise in semiconductor, software and systems design for a total consideration of USD 80 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded in the quarter ending March 31, 2021.

33.

On December 22, 2020, as part of strategic partnership, the Company entered into a definitive agreement with Metro AG to take over the IT units in Germany and Romania. The consummation of the transaction is subject to receipt of regulatory approvals and customary closing conditions and is expected to be completed by April 30, 2021.

---

34.	Events after the reporting period

The Board of Directors in their meeting held on January 13, 2021, declared an interim dividend of ₹ 1/- (USD 0.01) per equity share and ADR (50% on an equity share of par value of ₹ 2/-).

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

As per our report of even date attached	For and on behalf of the Board of Directors
for Deloitte Haskins & SellsLLP	Rishad A. Premji	M. K. Sharma	Thierry Delaporte
Chartered Accountants	Chairman	Director	Chief Executive Officer &
Firm Registration No: 117366W/W - 100018			Managing Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
January 13, 2021

EX-99.5

Exhibit 99.5

WIPRO LIMITED

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

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

STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2020

UNDER IFRS (IASB)

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

	Particulars									Nine months ended					Year ended
				September30, 2020			December31, 2019			December31, 2020			December31, 2019		March31, 2020
	Income from operations
	a) Revenue	156,700			151,145			154,705			456,976			453,122		610,232
	b) Other operating income/(loss), net	—			(178	)		—			(81	)		749		1,144
	c) Foreign exchange gains	566			338			727			2,109			2,176		3,169
I	Total income from operations	157,266	****	****	151,305	****	****	155,432	****	****	459,004	****	****	456,047	****	614,545
	Expenses
	a) Purchase of<br>stock-in-trade	1,461			1,666			2,083			4,893			6,423		9,360
	b) (Increase)/Decrease in inventories of finished goods and stock-in-trade	(227	)		330			604			279			1,814		2,022
	c) Employee benefit expense	82,769			83,168			82,381			246,199			241,123		326,571
	d) Depreciation, amortization and impairment	7,927			6,580			5,295			20,661			15,064		20,862
	e) Sub-contracting/ technical fees	20,657			20,240			22,764			62,115			67,750		90,521
	f) Facility expenses	4,996			5,344			4,881			14,967			14,662		19,733
	g) Travel	1,394			1,264			4,956			3,948			14,138		18,169
	h) Communication	1,462			1,801			1,213			4,617			3,495		4,812
	i) Legal and professional fees	1,437			1,224			1,142			3,972			3,477		4,733
	j) Marketing and brand building	283			267			690			679			1,953		2,532
	k) Lifetime expected credit loss	(230	)		256			(72	)		1,615			649		1,043
	l) Other expenses	1,524			1,030			2,262			6,173			6,158		8,457
II	Total expenses	123,453	****	****	123,170	****	****	128,199	****	****	370,118	****	****	376,706	****	508,815
III	Finance expenses	1,400			1,267			1,844			3,966			5,675		7,328
IV	Finance and Other Income	5,975			5,209			5,370			16,465			19,174		24,081
V	Share of net profit/(loss) of associates accounted for using the equity method	101			(6	)		34			126			16		29
VI	Profit before tax<br>[I-II-III+IV+V]	38,489	****	****	32,071	****	****	30,793	****	****	101,511	****	****	92,856	****	122,512
VII	Tax expense	8,524			7,228			6,164			22,590			18,594		24,799
VIII	Profit for the period [VI-VII]	29,965	****	****	24,843	****	****	24,629	****	****	78,921	****	****	74,262	****	97,713
IX	Total Other comprehensive income	1,624			682			297			7,295			2,889		4,613
	Total comprehensive income for the period [VIII+IX]	31,589	****	****	25,525	****	****	24,926	****	****	86,216	****	****	77,151	****	102,326
X	Profit for the period attributable to:
	Equity holders of the Company	29,667			24,656			24,558			78,225			73,958		97,218
	Non-controlling Interest	298			187			71			696			304		495
		29,965	****	****	24,843	****	****	24,629	****	****	78,921	****	****	74,262	****	97,713
	Total comprehensive income for the period attributable to:
	Equity holders of the Company	31,306			25,312			24,842			85,573			76,793		101,673
	Non-controlling Interest	283			213			84			643			358		653
		31,589	****	****	25,525	****	****	24,926	****	****	86,216	****	****	77,151	****	102,326
XI	Paid up equity share capital (Face value 2 per share)	11,431			11,430			11,426			11,431			11,426		11,427
XII	Reserves excluding revaluation reserves and<br>Non-controlling Interest as per balance sheet															546,031
XIII	Earnings per share (EPS)
	(Equity shares of par value of 2/- each) (EPS for the three and nine months ended periods is not annualized)
	Basic (in<br>)	5.21			4.33			4.31			13.74			12.58		16.67
	Diluted (in<br>)	5.17			4.32			4.30			13.46			12.55		16.62

All values are in Indian Rupees.

1.	The audited consolidated financial results of the Company for the three and nine months ended<br>December 31, 2020 have been approved by the Board of Directors of the Company at its meeting held on January 13, 2021. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report with<br>unmodified opinion on the consolidated financial results.
2.	The above consolidated financial results have been prepared from the interim condensed consolidated<br>financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”).
---	---
3.	Estimation uncertainty relating to the global health pandemic onCOVID-19
---	---

In assessing the recoverability of receivables including unbilled receivables, contract assets and contract costs, goodwill, intangible assets, and certain investments, the Company has considered internal and external information up to the date of approval of these consolidated financial results including credit reports and economic forecasts. The Company has performed sensitivity analysis on the assumptions used herein. Based on the current indicators of future economic conditions, the Company expects to recover the carrying amount of these assets.

The impact of COVID-19 remains uncertain and may be different from what we have estimated as of the date of approval of these consolidated financial results and the Company will continue to closely monitor any material changes to future economic conditions.

4.	List of subsidiaries and investments accounted for using equity method as at December 31, 2020 areprovided in the table below:
Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro, LLC			USA
	Wipro Gallagher Solutions, LLC		USA
		Opus Capital Markets Consultants, <br>LLC	USA
		Wipro Promax Analytics Solutions Americas, LLC	USA
	Wipro Insurance Solutions, LLC		USA
	Wipro IT Services, LLC		USA
		HealthPlan Services, Inc. **	USA
		Appirio, Inc. **	USA
		Designit North America, Inc. (formerly known as Cooper Software Inc.)	USA
		Infocrossing, LLC	USA
		Wipro US Foundation	USA
		International TechneGroup<br> <br>Incorporated<br>**	USA
		Rational Interaction, Inc. **	USA
Wipro Overseas IT Services Pvt. Ltd			India
Wipro Japan KK			Japan
Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings (UK) Limited			U.K.

	Designit A/S		Denmark
		Designit Denmark A/S	Denmark
		Designit Germany GmbH	Germany
		Designit Oslo A/S	Norway
		Designit Sweden AB	Sweden
		Designit T.L.V Ltd.	Israel
		Designit Tokyo Ltd.	Japan
		Designit Spain Digital, S.L. **	Spain
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
	Wipro IT Services S.R.L.		Romania
	4C NV		Belgium
		4C Danmark ApS	Denmark
		4C Nederland B.V	Netherlands
		Weare4C UK Limited **	U.K.
		4C Consulting France	France
Wipro IT Services UK Societas			U.K.
	Wipro Doha LLC #		Qatar
	Wipro Technologies SA DE CV		Mexico
	Wipro Philippines, Inc.		Philippines
	Wipro Holdings Hungary Korlátolt Felelosségu Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelosségu Társaság	Hungary
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Co. Limited *		Saudi Arabia
		Women’s Business Park Technologies Limited *	Saudi Arabia
	Wipro Poland SP Z.O.O		Poland
	Wipro IT Services Poland SP Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro Portugal S.A. **	Portugal
		Wipro Technologies Limited	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C.	Peru
		Wipro do Brasil Servicos de Tecnologia S.A.	Brazil
		Wipro do Brasil Technologia Ltda **	Brazil
	Wipro Technologies SA		Argentina
	Wipro Technologies S.R.L.		Romania
	PT. WT Indonesia		Indonesia

	Wipro (Thailand) Co. Limited	Thailand
	Wipro Bahrain Limited Co. S.P.C.	Bahrain
	Wipro Gulf LLC	Sultanate of Oman
	Rainbow Software LLC	Iraq
Wipro Networks Pte Limited		Singapore
	Wipro (Dalian) Limited	China
	Wipro Technologies SDN BHD	Malaysia
Wipro Chengdu Limited		China
Wipro IT Services Bangladesh Limited		Bangladesh
Wipro HR Services India Private Limited		India
Encore Theme Technologies Private Limited *		India
*	All the above direct subsidiaries are 100% held by the Company except that the Company holds 83.4% of the<br>equity securities of Encore Theme Technologies Private Limited, 66.67% of the equity securities of Wipro Arabia Co. Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. Limited.<br>
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The remaining 16.6% equity securities of Encore Theme Technologies Private Limited will be acquired subject to and after receipt of certain regulatory approvals/confirmations.

#	51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in<br>these holdings is with the Company. 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.<br>
**	Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit Spain Digital, S.L,<br>HealthPlan Services, Inc, Appirio, Inc, International TechneGroup Incorporated, Rational Interaction, Inc. and Weare4C UK Limited are as follows:
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Subsidiaries	Subsidiaries	Subsidiaries	Country ofIncorporation
---	---	---	---
Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
		Cellent GmbH	Austria
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
	IVIA Servicos de Informatica Ltda		Brazil
Designit Spain Digital, S.L.			Spain
	Designit Colombia S A S		Colombia
	Designit Peru SAC		Peru
HealthPlan Services, Inc.			USA
	HealthPlan Services Insurance Agency, LLC		USA
International TechneGroup Incorporated			USA
	International TechneGroup Ltd.		U.K.
	ITI Proficiency Ltd		Israel
	International TechneGroup S.R.L.		Italy
		MechWorks S.R.L.	Italy
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Appirio Ltd (UK)	U.K.
Rational Interaction, Inc.			USA
	Rational Consulting Australia Pty Ltd		Australia
	Rational Interaction Limited		Ireland
Weare4C UK Limited			U.K.
	CloudSocius DMCC		UAE

As at December 31, 2020 the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accounted for using the equity method.

The list of controlled trusts are:

Name of the entity	Country of incorporation
Wipro Equity Reward Trust	India
Wipro Foundation	India
5.	Segment Information
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The Company is organized into the following operating segments: IT Services, IT Products and India State Run Enterprise segment (“ISRE”).

ISRE: This segment consists of IT Services offerings to entities or departments owned or controlled by Government of India and/ or any State Governments.

Information on reportable segment for the three months ended December 31, 2020, September 30, 2020 and December 31, 2019, and nine months ended December 31, 2020 and December 31, 2019, and year ended March 31, 2020 are as follows:

(₹inmillions)

	Three months ended								Nine months ended						Year ended
Particulars	December31, 2020			September30, 2020			December31, 2019		December31, 2020			December31, 2019			March31, 2020
	Audited			Audited			Audited		Audited			Audited			Audited
Revenue
IT Services
BFSI		46,825			45,995			46,612		137,648			137,767			184,457
Health BU		21,266			20,294			19,799		61,320			57,651			78,240
CBU		25,077			23,927			25,443		72,183			71,339			97,008
ENU		20,076			18,990			19,553		58,345			56,873			76,443
TECH		19,394			18,478			18,584		57,542			56,392			75,895
MFG		12,677			12,175			12,450		36,672			35,672			48,158
COMM		8,016			7,822			8,565		23,258			25,387			33,840
Total of IT Services	****	153,331	****	****	147,681	****	****	151,006	****	446,968	****	****	441,081	****	****	594,041	****
IT Products		1,552			1,691			2,576		5,501			8,218			11,010
ISRE		2,393			2,119			1,847		6,629			6,059			8,400
Reconciling Items		(10	)		(8	)		3		(13	)		(60	)		(50	)
Total Revenue	****	157,266	****	****	151,483	****	****	155,432	****	459,085	****	****	455,298	****	****	613,401	****

Other operating income/(loss), net
IT Services	—		(178	)	—		(81	)	749		1,144
Total Other operating income/(loss), net	—	****	(178	)	—	****	(81	)	749	****	1,144	****
Segment Result
IT Services
BFSI	9,820		9,209		8,246		27,546		25,988		34,132
Health BU	4,359		4,005		3,186		11,092		8,978		12,027
CBU	6,166		5,507		4,725		16,092		12,183		16,729
ENU	3,688		3,329		3,130		10,586		8,410		12,176
TECH	3,128		2,632		3,256		9,927		10,406		14,312
MFG	2,552		2,379		2,385		7,159		6,916		9,252
COMM	1,445		1,320		1,444		3,656		4,006		5,336
Unallocated	2,046		148		1,360		3,400		3,124		2,577
Other operating income/(loss), net	—		(178	)	—		(81	)	749		1,144
Total of IT Services	33,204	****	28,351	****	27,732	****	89,377	****	80,760	****	107,685	****
IT Products	89		(300	)	(140	)	(87	)	(398	)	(282	)
ISRE	473		114		(528	)	487		(1,341	)	(1,822	)
Reconciling Items	47		(30	)	169		(891	)	320		149
Total	33,813	****	28,135	****	27,233	****	88,886	****	79,341	****	105,730	****
Finance Expense	(1,400	)	(1,267	)	(1,844	)	(3,966	)	(5,675	)	(7,328	)
Finance and Other Income	5,975		5,209		5,370		16,465		19,174		24,081
Share of net profit/ (loss) of associates accounted for using the equity method	101		(6	)	34		126		16		29
Profit before tax	38,489	****	32,071	****	30,793	****	101,511	****	92,856	****	122,512	****

Notes(₹in millions)

a)	“Reconciling items” includes elimination of inter-segment transactions and other corporate<br>activities.
b)	During the three and nine months ended December 31, 2020, the Company has contributed ₹ Nil, and ₹ 991, respectively towards<br>COVID-19 and is reported in Reconciling items.
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c)	Revenue from sale of traded cloud-based licenses is reported as part of IT Services revenues.<br>
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d)	Revenue from sale of company owned intellectual properties is reported as part of IT Services revenues<br>
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e)	For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains /<br>(losses), net” in revenues amounting to ₹ 566, ₹ 338 and ₹ 727 for the three months ended December 31, 2020, September 30, 2020 and December 31, 2019 respectively, and ₹ 2,109 and ₹ 2,176 for the nine months ended December 31, 2020 and December 31, 2019 respectively,<br>and ₹ 3,169 for the year ended March 31, 2020, which is reported as a part of operating profit in the interim condensed consolidated statement of income.<br>
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f)	For evaluating performance of the individual operating segments, stock compensation expense is allocated on the<br>basis of straight-line amortization. The differential impact of accelerated amortization of stock compensation expense over stock compensation expense allocated to the individual operating segments is reported in Reconciling items.<br>
---	---
g)	The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment<br>terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is<br>eliminated under Reconciling items.
---	---
h)	Other operating income/(loss), net of<br>₹ Nil, ₹ (178) and ₹ Nil is included as a part of IT Services segment results for the three months ended December 31, 2020, September 30, 2020 and December 31, 2019 respectively, and ₹ (81) and ₹ 749 for the nine months ended December 31, 2020 and<br>December 31, 2019 respectively, and ₹ 1,144 for the year ended March 31, 2020. Refer to Note 6
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i)	Segment results are after considering the impact of impairment charge of ₹ 1,040 in TECH industry vertical for the three months ended December 31, 2020 and ₹ 1,302 and ₹ 192 in TECH and BFSI industry vertical, respectively, for the nine months ended December 31, 2020. Further, an impairment charge of<br>₹ 633 for the three and nine months ended December 31, 2020, towards certain marketing related intangible assets recognized on acquisitions, is allocated to<br>all IT Services industry vertical. The remaining impairment charge of ₹ Nil and<br>₹ 300 for the three and nine months ended December 31, 2020, respectively is included under unallocated.
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j)	Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 642, ₹ 836 and<br>₹ 16, for the three months ended December 31, 2020, September 30, 2020 and December 31, 2019, respectively, and ₹ 1,880 and ₹ 847 for the nine months ended December 31, 2020 and December 31, 2019 respectively, and<br>₹ 1,229 for the year ended March 31, 2020. The share-based compensation expense pertaining to other segments is not material.
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6.	Other operating income/(loss), net(₹in millions)

The Company has partially met the first and second-year business targets pertaining to sale of hosted data center business concluded during the year ended March 31, 2019. Change in fair value of the callable units pertaining to achievement of the business targets amounting to ₹ Nil , ₹ (178) and ₹ Nil for the three months ended December 31, 2020, September 30, 2020 and December 31, 2019 respectively, and ₹ (81) and ₹ 597 for the nine months ended December 31, 2020, and December 31, 2019 respectively, and ₹ 992 for the year ended March 31, 2020 has been recognized under other operating income/(loss), net.

The Company concluded the sale of assets pertaining to Workday business and Cornerstone OnDemand business in Portugal, France and Sweden during the year ended March 31, 2020. Gain arising from such transaction of ₹ Nil for the three months ended December 31, 2019, ₹ 152 for the nine months ended December 31, 2019 and ₹ 152 for the year ended March 31,2020, has been recognized under other operating income/(loss), net.

7.	Business combination(₹in millions)

During the nine months ended December 31, 2020, the Company has completed two business combinations (which individually are not material) for a total consideration of ₹ 7,853. These include (a) acquisition of IVIA Serviços de Informática Ltda. (“IVIA”), a specialized IT services provider to financial services, retail and manufacturing sectors in Brazil (b) acquisition of 4C NV and its subsidiaries (“4C”), a Salesforce multi-cloud partner in Europe, U.K. and the Middle East, and (c) acquisition of Encore Theme Technologies Private Limited (“ETT’’), a Finastra trade finance solutions partner across the Middle East, Africa, India and Asia Pacific. The following table presents the provisional purchase price allocation:

(₹in millions)

Description	Purchase priceallocated
Net assets	₹	503
Customer related intangibles		981
Marketing related intangibles		566
Deferred tax liabilities on intangible assets		(429	)
Total	₹	1,621	****
Goodwill		6,232
Total purchase price	₹	7,853	****

Net assets acquired include ₹ 887 of cash and cash equivalents. The goodwill of ₹ 6,232 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes. The pro-forma effects of these business combinations on the Company’s results were not material.

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stake holders which are under active consideration by the Ministry. Based on an initial assessment by the Company and its Indian subsidiaries, the additional impact on Provident Fund contributions by the Company and its Indian subsidiaries is not expected to be material, whereas, the likely additional impact on Gratuity liability / contributions by the Company and its Indian subsidiaries could be material. The Company and its Indian subsidiaries will complete their evaluation once the subject rules are notified and will give appropriate impact in the financial results in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

Buyback of equity shares

---

On October 13, 2020, the Board of Directors approved a proposal to Buyback up to 237,500,000 equity shares of ₹ 2 each (representing 4.16% of total paid-up equity share capital as at September 30, 2020) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 400 per equity share for an aggregate amount not exceeding ₹ 95,000 million (“Buyback”), in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013 and rules made thereunder (“Buyback Regulations”). Subsequently, the shareholders of the Company approved the Buyback through postal ballot (including e-voting) on November 16, 2020 and December 11, 2020 was fixed as the record date for the Buyback. In accordance with the provisions of the Buyback Regulations, the Letter of offer for the buyback was approved by SEBI on December 21, 2020 and tender period for Buyback opened on December 29, 2020 and will close on January 11, 2021. Consequently, the Company has recorded a liability towards gross obligation on Buyback of equity shares of ₹ 95,000 million and the corresponding liability for tax on buyback of ₹ 22,021 million as at December 31, 2020.

10.	Diluted earnings per share for each of the three months ended June 30, September 30 and<br>December 31 will not add up to diluted earnings per share for the nine months ended December 31, 2020, on account of dilutive effect of liability for proposed buyback of equity shares.
11.	On October 13, 2020, the Company entered into a definitive agreement to acquire Eximius Design, LLC<br>and Eximius Design India Private Limited, a leading engineering services company with expertise in semiconductor, software and systems design for a total consideration of USD 80 million. The acquisition is subject to customary closing<br>conditions and regulatory approvals and is expected to be concluded in the quarter ending March 31, 2021.
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12.	On December 22, 2020, as part of strategic partnership, the Company entered into a definitive<br>agreement with Metro AG to take over the IT units in Germany and Romania. The consummation of the transaction is subject to receipt of regulatory approvals and customary closing conditions and is expected to be completed by April 30, 2021.<br>
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13.	Events after the reporting period
---	---

The Board of Directors in their meeting held on January 13, 2021, declared an interim dividend of ₹ 1/- (USD 0.01) per equity share and ADR (50% on an equity share of par value of ₹ 2/-).

By order of the Board,	For, Wipro Limited
Place: Bengaluru<br> <br>Date: January 13,<br>2021	Rishad A. Premji<br> <br>Chairman
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EX-99.6

Exhibit 99.6

LOGO

Q3 FY 20-21 Key Performance Highlights REVENUE OPERATING Sequential Constant MARGIN Growth Currency $2.07B 3.9% 3.4% 21.7% COMPOSITION OF BUSINESS UNITS 30.5% 5.2% 16.4% 13.1% 13.9% 8.3% 12.6% Banking, Financial Energy, Natural Services, Insurance Communications Consumer Health Manufacturing Technology Resources, Utilities DISTRIBUTION OF PRACTICES DIGITAL OPERATIONS CLOUD AND APPLICATION AND PLATFORMS INFRA SERVICES SERVICES 15.9% 25.6% 44.4% DATA, ANALYTICS AND INDUSTRIAL AND ARTIFICIAL INTELLIGENCE ENGINEERING SERVICES 6.9% 7.2% GEOGRAPHIC DISTRIBUTION 57.6% AMERICAS 25.2% EUROPE 17.2% REST OF WORLD US • CANADA LATAM UK CE DACH •NORDICS APAC ME INDIA REVENUE GUIDANCE 1.5% to 3.5% $2,102Mn to $2,143Mn QoQ Growth Q4 FY 2020-21 CUSTOMER CONCENTRATION 3.1% 11.9% 18.9% TOP1 TOP 5 TOP 10 TOTAL HEADCOUNT 190,308 ATTRITION VOL – TTM 11.0% OFFSHORE REVENUE GROSS UTILIZATION 74.8% PERCENTAGE OF SERVICES 52.7%

LOGO

Wipro Limited Results for the Quarter ended December 31, 2020 Operating Metrics pertaining to IT Services Segment A. IT Services FY – 20-21 FY – 19-20 % OM & Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 Revenue IT services Revenues ($Mn) 2,071.0 1,992.4 1,921.6 8,256.2 2,073.7 2,094.8 2,048.9 2,038.8 Sequential Growth Note 1 3.9% 3.7% -7.3% 2.5% -1.0% 2.2% 0.5% -1.3% Sequential Growth in Constant Currency Note 1&2 3.4% 2.0% -7.5% 3.9% 0.4% 1.8% 1.1% -0.7% Operating Margin % Note 3 21.7% 19.2% 19.0% 18.1% 17.6% 18.4% 18.1% 18.4% Practices Line Digital Operations and Platforms 15.9% 15.5% 14.8% 14.8% 14.6% 15.3% 14.7% 14.7% Mix Cloud and Infrastructure Services 25.6% 25.6% 25.9% 25.8% 25.8% 25.8% 25.7% 25.7% Data, Analytics and AI 6.9% 7.0% 7.2% 7.3% 7.2% 7.2% 7.3% 7.4% Service Application Services 44.4% 44.5% 44.4% 44.5% 44.7% 44.2% 44.8% 44.6% Industrial & Engineering Services 7.2% 7.4% 7.7% 7.6% 7.7% 7.5% 7.5% 7.6% Strategic Business Units Banking, Financial Services and Insurance 30.5% 31.2% 30.7% 31.0% 30.4% 30.9% 31.3% 31.6% Mix Communications 5.2% 5.3% 5.1% 5.7% 5.5% 5.7% 5.7% 5.9% Consumer Business Unit 16.4% 16.2% 15.9% 16.3% 16.8% 16.9% 16.0% 15.6% SBU Energy, Natural Resources and Utilities 13.1% 12.9% 13.2% 12.9% 12.8% 12.9% 12.9% 12.8% Health Business Unit 13.9% 13.7% 13.5% 13.2% 13.5% 13.1% 13.0% 13.2% Manufacturing 8.3% 8.2% 8.1% 8.1% 8.2% 8.2% 8.1% 7.9% Technology 12.6% 12.5% 13.5% 12.8% 12.8% 12.3% 13.0% 13.0% Geography Mix Americas 57.6% 58.4% 59.0% 59.1% 59.1% 59.2% 59.6% 58.7% Geography Europe 25.2% 23.8% 23.7% 24.0% 24.1% 23.7% 23.5% 24.6% Rest of the World 17.2% 17.8% 17.3% 16.9% 16.8% 17.1% 16.9% 16.7% Guidance ($Mn) 2,022-2,062 ——2,095-2,137 2,065-2,106 2,039-2,080 2,046-2,087 Guidance restated based on Actual —Guidance currency realized ($Mn) 2,034-2,074 - 2,064-2,106 2,074-2,115 2,027-2,068 2,034-2,075 Revenues performance against 2,071.0 ——2,073.7 2,094.8 2,048.9 2,038.8 guidance ($Mn) Customer size distribution (TTM) > $100Mn 10 11 13 15 15 14 13 13 > $75Mn 24 24 22 22 22 22 23 23 > $50Mn 38 39 39 40 40 41 41 41 Customer Relationships > $20Mn 97 100 97 96 96 96 92 92 > $10Mn 168 166 163 166 166 169 165 166 > $5Mn 260 257 258 260 260 260 261 259 > $3Mn 341 342 348 341 341 344 341 340 > $1Mn 567 573 577 574 574 572 569 564 Revenue from Existing customers % 97.4% 98.6% 99.7% 98.1% 97.0% 97.6% 98.4% 99.4% Number of new customers 89 97 42 240 65 77 57 41 Total Number of active Metrics customers 1,136 1,089 1,004 1,074 1,074 1,070 1,027 1,060 Customer Concentration Customer Top customer 3.1% 3.2% 3.2% 3.2% 3.0% 3.0% 3.2% 3.7% Top 5 11.9% 12.0% 12.3% 12.8% 12.2% 12.3% 12.8% 13.8% Top 10 18.9% 19.6% 20.3% 19.7% 19.3% 19.2% 19.8% 20.7% Notes: Note 1: QoQ and YoY growth rates have been adjusted for the impact of divestments Note 2: Constant currency revenue for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period Note 3: IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials Note 4: IT Services excl. DOP, Designit, Cellent, Cooper, Infoserver, Topcoder, India, Rational, ITI, IVIA, 4C and Encore

LOGO

FY – 20-21 FY – 19-20 Mix Q3 Q2 Q1 FY Q4 Q3 Q2 Q1 % of Revenue USD 61% 62% 63% 63% 62% 63% 63% 62% Currency GBP 10% 10% 10% 10% 10% 10% 9% 10% EUR 8% 8% 8% 8% 8% 8% 8% 9% INR 4% 5% 4% 5% 4% 4% 4% 5% AUD 5% 5% 5% 5% 4% 4% 5% 5% CAD 3% 2% 2% 3% 3% 3% 3% 3% Others 9% 8% 7% 7% 8% 8% 8% 7% Closing Employee Count 190,308 185,243 181,804 182,886 182,886 187,318 181,453 174,850 Utilization Note 4 Metrics Gross Utilization 74.8% 76.4% 75.0% 72.2% 73.4% 70.2% 71.4% 73.9% Net Utilization (Excluding Trainees) 86.3% 86.9% 84.5% 82.3% 82.6% 79.6% 82.1% 85.0% Attrition Employee Voluntary TTM (IT Services excl. DOP) 11.0% 11.0% 13.0% 14.7% 14.7% 15.7% 17.0% 17.6% DOP % (Post Training Quarterly) 7.0% 6.1% 4.4% 10.1% 10.8% 9.6% 9.9% 10.0% Sales & Support Staff—IT Services 14,838 14,806 14,567 14,908 14,908 15,232 14,990 14,116 B. IT Services (Excluding DOP, Designit, Cellent, Appirio, Cooper, Infoserver, Topcoder, India, Rational, ITI, IVIA, 4C and Encore) Revenue from FPP 63.2% 60.3% 61.7% 62.4% 63.2% 62.6% 61.9% 61.6% Service elivery Offshore Revenue (% of Services) 52.7% 50.4% 48.5% 47.1% 48.2% 46.8% 46.7% 47.7% d C. Growth Metrics for the Quarter ended December 31, 2020Note 2 Reported Reported Constant Constant Currency Currency Currency Currency QoQ % YoY % QoQ % YoY % IT Services 3.9% -1.1% 3.4% -2.0% Strategic Business Units Banking, Financial Services and Insurance 1.8% -2.1% 1.2% -2.5% Communications 2.0% -9.6% 0.7% -11.4% Consumer Business Unit 5.6% -3.5% 5.2% -3.6% Energy, Natural Resources and Utilities 5.4% -0.2% 4.1% -2.6% Health Business Unit 5.2% 4.3% 5.0% 3.7% Manufacturing 4.5% -0.7% 4.0% -2.4% Technology 4.8% 1.3% 4.5% 0.6% Geography Americas 2.5% -3.7% 2.3% -3.2% Europe 10.1% 5.1% 8.6% 1.4% Rest of the World 0.5% -0.9% -0.3% -2.5% Practices Digital Operations and Platforms 6.7% 2.9% 6.6% 2.7% Cloud and Infrastructure Services 4.2% -2.0% 3.6% -3.0% Data, Analytics and AI 1.9% -5.7% 1.2% -6.5% Application Services 3.6% -0.6% 2.8% -1.6% Industrial & Engineering Services 1.5% -5.2% 1.1% -6.0% D. Annexure to Datasheet Segment-wise breakup of Q3 FY20-21 (INR Mn) Cost of Revenues, S&M and G&A Particulars IT Services IT Products ISRE Reconciling Total Items Cost of revenues 101,189 1,329 1,809 -14 104,313 Selling and marketing expenses 11,233 29 70 -6 11,326 General and administrative expenses 7,705 105 41 -37 7,814 Total 120,127 1,463 1,920 -57 123,453

Wipro Ltd 6-K, filed Jan 15, 2021

About this 6-K

# # (Tables to follow)