Wipro Ltd 6-K, filed Jan 18, 2023

Wipro Ltd (WIT)

6-K 2023-01-18 For: 2023-01-17

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Added on April 08, 2026

About this 6-K

Wipro Ltd filed this 6-K on January 18, 2023.

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Item

99.1		IFRS Press Release

99.2		Presentation referred by the Company at the Press Conference on January 13, 2023,

99.3		Form of Advertisement Placed in Indian Newspapers

99.4		Consolidated Interim Financial Statements under IFRS

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

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


Contact for Investor Relations		Contact for Media & Press
Dipak Kumar Bohra	Abhishek Kumar Jain	Purnima Burman
Phone: +91-80-6142 7201	Phone: +91-80-6142 6143	Phone: +91-80-6142 6450
dipak.bohra@wipro.com	abhishekkumar.jain@wipro.com	purnima.burman@wipro.com


	As at March 31, 2022		As at December 31, 2022
					Convenience translation into US dollar in millions Refer footnote in page 2
ASSETS
Goodwill		246,989		309,525		3,742
Intangible assets		43,555		45,847		554
Property, plant and equipment		90,898		90,147		1,090
Right-of-Use assets		18,870		19,381		234
Financial assets
Derivative assets		6		88		1
Investments		19,109		20,808		252
Trade receivables		4,765		4,626		56
Other financial assets		6,084		6,123		74
Investments accounted for using the equity method		774		782		9
Deferred tax assets		2,298		4,043		49
Non-current tax assets		10,256		11,450		138
Other non-current assets		14,826		14,045		170

Total non-current assets		458,430		526,865		6,369

Inventories		1,334		2,019		24
Financial assets
Derivative assets		3,032		930		11
Investments		241,655		291,743		3,527
Cash and cash equivalents		103,836		87,307		1,055
Trade receivables		115,219		124,761		1,510
Unbilled receivables		60,809		56,316		681
Other financial assets		42,914		9,532		115
Contract assets		20,647		25,181		304
Current tax assets		2,373		4,463		54
Other current assets		28,933		36,123		437

Total current assets		620,752		638,375		7,718

TOTAL ASSETS		1,079,182		1,165,240		14,087

EQUITY
Share capital		10,964		10,974		133
Share premium		1,566		3,151		38
Retained earnings		551,252		635,267		7,680
Share-based payment reserve		5,258		6,086		74
Special Economic Zone re-investment reserve		47,061		47,014		568
Other components of equity		42,057		52,382		633

Equity attributable to the equity holders of the Company		658,158		754,874		9,126
Non-controlling interests		515		402		5

TOTAL EQUITY		658,673		755,276		9,131

LIABILITIES
Financial liabilities
Loans and borrowings		56,463		61,718		746
Lease liabilities		15,177		15,520		188
Derivative liabilities		48		165		2
Other financial liabilities		2,961		2,267		27
Deferred tax liabilities		12,141		13,338		161
Non-current tax liabilities		17,818		21,846		264
Other non-current liabilities		7,571		9,865		119
Provisions		1		^		^

Total non-current liabilities		112,180		124,719		1,507

Financial liabilities
Loans, borrowings and bank overdrafts		95,233		96,511		1,167
Lease liabilities		9,056		9,300		112
Derivative liabilities		585		7,199		87
Trade payables and accrued expenses		99,034		89,613		1,084
Other financial liabilities		33,110		4,341		52
Contract liabilities		27,915		26,903		325
Current tax liabilities		13,231		19,580		237
Other current liabilities		27,394		29,274		354
Provisions		2,771		2,524		31

Total current liabilities		308,329		285,245		3,449

TOTAL LIABILITIES		420,509		409,964		4,956

TOTAL EQUITY AND LIABILITIES		1,079,182		1,165,240		14,087


	Three months ended December 31,									Nine months ended December 31,
	2021			2022			2022			2021			2022			2022
							Convenience translation into US dollar in millions Refer footnote in page 2									Convenience translation into US dollar in millions Refer footnote in page 2
Revenues		203,136			232,290			2,808			582,334			672,973			8,136
Cost of revenues		(142,778	)		(163,273	)		(1,974	)		(407,907	)		(482,708	)		(5,836	)

Gross profit		60,358			69,017			834			174,427			190,265			2,300
Selling and marketing expenses		(13,988	)		(17,752	)		(215	)		(40,857	)		(48,251	)		(583	)
General and administrative expenses		(12,036	)		(15,020	)		(181	)		(33,854	)		(43,467	)		(525	)
Foreign exchange gains/(losses), net		1,187			1,391			17			3,280			3,482			42
Other operating income		14			—			—			2,179			—			—

Results from operating activities		35,535			37,636			455			105,175			102,029			1,234
Finance expenses		(1,403	)		(2,902	)		(35	)		(3,608	)		(7,217	)		(87	)
Finance and other income		3,578			4,992			61			12,311			12,722			154
Share of net profit/ (loss) of associates accounted for using the equity method		76			26			^			73			(61	)		(1	)

Profit before tax		37,786			39,752			481			113,951			107,473			1,300
Income tax expense		(8,063	)		(9,102	)		(110	)		(22,547	)		(24,743	)		(299	)

Profit for the period		29,723			30,650			371			91,404			82,730			1,001

Profit attributable to:
Equity holders of the Company		29,690			30,529			370			91,318			82,755			1,001
Non-controlling interests		33			121			1			86			(25	)		^

Profit for the period		29,723			30,650			371			91,404			82,730			1,001

Earnings per equity share:
Attributable to equity holders of the Company
Basic		5.43			5.57			0.07			16.71			15.12			0.18
Diluted		5.42			5.56			0.07			16.67			15.08			0.18
Weighted average number of equity shares used in computing earnings per equity share
Basic		5,467,954,878			5,480,138,169			5,480,138,169			5,465,359,077			5,475,982,068			5,475,982,068
Diluted		5,481,204,821			5,486,025,875			5,486,025,875			5,478,766,612			5,487,483,177			5,487,483,177


	Three months ended									Nine months ended						Year ended
	December 31, 2022			September 30, 2022			December 31, 2021			December 31, 2022			December 31, 2021			March 31, 2022
Particulars	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
Americas 1		67,788			65,350			56,644			194,840			159,532			217,874
Americas 2		71,168			70,030			61,076			207,811			175,441			239,404
Europe		66,323			62,684			59,620			189,283			172,700			233,443
APMEA		25,278			25,565			23,596			75,100			67,543			91,103

Total of IT Services		230,557			223,629			200,936			667,034			575,216			781,824
IT Products		1,721			1,249			1,767			4,916			4,972			6,173
ISRE		1,403			1,576			1,623			4,505			5,427			7,295
Reconciling Items		—			—			(3	)		—			(1	)		(3	)

Total Revenue		233,681			226,454			204,323			676,455			585,614			795,289

Other operating income
IT Services		—			—			14			—			2,179			2,186

Total Other operating income		—			—			14			—			2,179			2,186

Segment Result
IT Services
Americas 1		12,986			12,358			11,390			36,374			31,290			42,820
Americas 2		14,776			14,219			12,057			41,449			35,226			47,376
Europe		9,485			7,875			9,172			24,734			26,683			35,739
APMEA		2,476			2,194			2,483			6,274			8,577			10,523
Unallocated		(2,219	)		(2,845	)		173			(5,694	)		73			434
Other operating income		—			—			14			—			2,179			2,186

Total of IT Services		37,504			33,801			35,289			103,137			104,028			139,078
IT Products		41			(103	)		96			(117	)		137			115
ISRE		102			146			134			421			1,002			1,173
Reconciling Items		(11	)		(1,341	)		16			(1,412	)		8			(80	)

Total Segment result		37,636			32,503			35,535			102,029			105,175			140,286
Finance expenses		(2,902	)		(2,270	)		(1,403	)		(7,217	)		(3,608	)		(5,325	)
Finance and Other Income		4,992			4,040			3,578			12,722			12,311			16,257
Share of net profit/ (loss) of associates accounted for using the equity method		26			(72	)		76			(61	)		73			57

Profit before tax		39,752			34,201			37,786			107,473			113,951			151,275


IT Services Revenue as per IFRS	$	2,803.5
Effect of Foreign currency exchange movement	$	12.2

Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,815.7


	Amount in INR Mn
	Three months ended December 31, 2022			Nine months ended December 31, 2022
Net Income for the period [A]		30,529			82,755
Computation of Free Cash Flow
Net cash generated from operating activities [B]		43,510			93,303
Add/ (deduct) cash inflow/ (outflow)on:
Purchase of property, plant and equipment		(3,082	)		(11,819	)
Proceeds from sale of property, plant and equipment		268			449

Free Cash Flow [C]		40,696			81,933

Operating Cash Flow as percentage of Net Income [B/A]		142.5	%		112.7	%

Free Cash Flow as percentage of Net Income [C/A]		133.3	%		99.0	%


						By Order of the Board,

						For Wipro Limited

Place: Bengaluru						Rishad A. Premji

Date: January 13, 2023						Chairman


			As at March 31, 2022		As at December 31, 2022
	Notes		As at March 31, 2022				Convenience translation into US dollar in millions (unaudited) Refer to Note 2(iii)
ASSETS
Goodwill		6		246,989		309,525		3,742
Intangible assets		6		43,555		45,847		554
Property, plant and equipment		4		90,898		90,147		1,090
Right-of-Use assets		5		18,870		19,381		234
Financial assets
Derivative assets		17		6		88		1
Investments		8		19,109		20,808		252
Trade receivables				4,765		4,626		56
Other financial assets		11		6,084		6,123		74
Investments accounted for using the equity method				774		782		9
Deferred tax assets				2,298		4,043		49
Non-current tax assets				10,256		11,450		138
Other non-current assets		12		14,826		14,045		170

Total non-current assets				458,430		526,865		6,369

Inventories		9		1,334		2,019		24
Financial assets
Derivative assets		17		3,032		930		11
Investments		8		241,655		291,743		3,527
Cash and cash equivalents		10		103,836		87,307		1,055
Trade receivables				115,219		124,761		1,510
Unbilled receivables				60,809		56,316		681
Other financial assets		11		42,914		9,532		115
Contract assets				20,647		25,181		304
Current tax assets				2,373		4,463		54
Other current assets		12		28,933		36,123		437

Total current assets				620,752		638,375		7,718


TOTAL ASSETS				1,079,182		1,165,240		14,087

EQUITY
Share capital				10,964		10,974		133
Share premium				1,566		3,151		38
Retained earnings				551,252		635,267		7,680
Share-based payment reserve				5,258		6,086		74
Special Economic Zone re-investment reserve				47,061		47,014		568
Other components of equity				42,057		52,382		633

Equity attributable to the equity holders of the Company				658,158		754,874		9,126
Non-controlling interests				515		402		5

TOTAL EQUITY				658,673		755,276		9,131

LIABILITIES
Financial liabilities
Loans and borrowings		13		56,463		61,718		746
Lease liabilities				15,177		15,520		188
Derivative liabilities		17		48		165		2
Other financial liabilities		14		2,961		2,267		27
Deferred tax liabilities				12,141		13,338		161
Non-current tax liabilities				17,818		21,846		264
Other non-current liabilities		15		7,571		9,865		119
Provisions		16		1		^		^

Total non-current liabilities				112,180		124,719		1,507

Financial liabilities
Loans, borrowings and bank overdrafts		13		95,233		96,511		1,167
Lease liabilities				9,056		9,300		112
Derivative liabilities		17		585		7,199		87
Trade payables and accrued expenses				99,034		89,613		1,084
Other financial liabilities		14		33,110		4,341		52
Contract liabilities				27,915		26,903		325
Current tax liabilities				13,231		19,580		237
Other current liabilities		15		27,394		29,274		354
Provisions		16		2,771		2,524		31

Total current liabilities				308,329		285,245		3,449

TOTAL LIABILITIES				420,509		409,964		4,956

TOTAL EQUITY AND LIABILITIES				1,079,182		1,165,240		14,087


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

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

Bengaluru
January 13, 2023


													Special Economic Zone re- investment reserve		Other components of equity							Equity attributable to the equity holders of the Company		Non- controlling interests			Total equity
Particulars	Number of shares⁽¹⁾		Share capital, fully paid-up		Share premium		Retained earnings			Share- based payment reserve			Special Economic Zone re- investment reserve		Foreign currency translation reserve⁽²⁾			Cash flow hedging reserve		Other reserves⁽²⁾		Equity attributable to the equity holders of the Company		Non- controlling interests			Total equity
As at April 1, 2021		5,479,138,555		10,958		714		466,692			3,071			41,154		22,936			1,730		5,840		553,095		1,498			554,593
Comprehensive income for the period
Profit for the period				—		—		91,318			—			—		—			—		—		91,318		86			91,404
Other comprehensive income				—		—		—			—			—		(340	)		865		6,578		7,103		26			7,129

Total comprehensive income for the period				—		—		91,318			—			—		(340	)		865		6,578		98,421		112			98,533

Issue of equity shares on exercise of options		2,144,656		4		590		—			(590	)		—		—			—		—		4		—			4
Issue of shares by controlled trust on exercise of options⁽¹⁾		—		—		—		785			(785	)		—		—			—		—		—		—			—
Compensation cost related to employee share-based payment		—		—		—		7			2,398			—		—			—		—		2,405		—			2,405
Transferred to special economic zone reinvestment reserve		—		—		—		(3,013	)		—			3,013		—			—		—		—		—			—
Dividend		—		—		—		—			—			—		—			—		—		—		(1,135	)		(1,135	)
Others		—		—		—		—			—			—		—			—		—		—		(29	)		(29	)

Other transactions for the period		2,144,656		4		590		(2,221	)		1,023			3,013		—			—		—		2,409		(1,164	)		1,245

As at December 31, 2021		5,481,283,211		10,962		1,304		555,789			4,094			44,167		22,596			2,595		12,418		653,925		446			654,371


													Special Economic Zone re- investment reserve			Other components of equity								Equity attributable to the equity holders of the Company			Non-controlling interests			Total equity
Particulars	Number of shares⁽¹⁾		Share capital, fully paid- up		Share premium		Retained earnings			Share- based payment reserve			Special Economic Zone re- investment reserve			Foreign currency translation reserve⁽²⁾		Cash flow hedging reserve			Other reserves⁽²⁾			Equity attributable to the equity holders of the Company			Non-controlling interests			Total equity
As at April 1, 2022		5,482,070,115		10,964		1,566		551,252			5,258			47,061			26,850		1,477			13,730			658,158			515			658,673
Adjustment on adoption of amendments to IAS 37				—		—		(51	)		—			—			—		—			—			(51	)		—			(51	)

Adjusted balance as at April 1, 2022		5,482,070,115		10,964		1,566		551,201			5,258			47,061			26,850		1,477			13,730			658,107			515			658,622

Comprehensive income for the period
Profit for the period				—		—		82,755			—			—			—		—			—			82,755			(25	)		82,730
Other comprehensive income				—		—		—			—			—			17,257		(4,964	)		(1,968	)		10,325			50			10,375

Total comprehensive income for the period				—		—		82,755			—			—			17,257		(4,964	)		(1,968	)		93,080			25			93,105

Issue of equity shares on exercise of options		4,692,551		10		1,585		—			(1,585	)		—			—		—			—			10			—			10
Issue of shares by controlled trust on exercise of options⁽¹⁾				—		—		1,256			(1,256	)		—			—		—			—			—			—			—
Compensation cost related to employee share-based payment				—		—		8			3,669			—			—		—			—			3,677			—			3,677
Transferred from special economic zone re-investment reserve				—		—		47			—			(47	)		—		—			—			—			—			—
Others				—		—		—			—			—			—		—			—			—			(138	)		(138	)

Other transactions for the period		4,692,551		10		1,585		1,311			828			(47	)		—		—			—			3,687			(138	)		3,549

As at December 31, 2022		5,486,762,666		10,974		3,151		635,267			6,086			47,014			44,107		(3,487	)		11,762			754,874			402			755,276

Convenience translation into US dollar in millions (unaudited) Refer to Note 2(iii)				133		38		7,680			74			568			533		(42	)		142			9,126			5			9,131


	Land			Buildings			Plant and equipment *			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	3,815		₹	39,414		₹	110,855		₹	20,692		₹	418		₹	175,194
Additions		961			494			11,333			1,485			3			14,276
Additions through business combinations		—			—			372			337			3			712
Disposals		(30	)		(240	)		(3,572	)		(632	)		(112	)		(4,586	)
Translation adjustment		(3	)		(1	)		89			7			1			93

As at December 31, 2021	₹	4,743		₹	39,667		₹	119,077		₹	21,889		₹	313		₹	185,689
Accumulated depreciation/ impairment:
As at April 1, 2021	₹	—		₹	8,785		₹	85,040		₹	15,089		₹	397		₹	109,311
Depreciation and impairment		—			1,190			9,062			1,592			7			11,851
Disposals		—			(239	)		(3,195	)		(564	)		(109	)		(4,107	)
Translation adjustment		—			1			97			12			1			111

As at December 31, 2021	₹	—		₹	9,737		₹	91,004		₹	16,129		₹	296		₹	117,166
Capital work-in-progress																₹	21,725

Net carrying value including Capital work-in-progress as at December 31, 2021																₹	90,248

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

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

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

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

Gross carrying value:
As at April 1, 2022	₹	4,813		₹	40,686		₹	123,471		₹	22,645		₹	317		₹	191,932
Additions		40			5,030			9,382			3,018			4			17,474
Additions through business combinations		—			7			357			6			3			373
Disposals		(3	)		(84	)		(2,635	)		(737	)		(5	)		(3,464	)
Translation adjustment		8			130			1,718			151			1			2,008

As at December 31, 2022	₹	4,858		₹	45,769		₹	132,293		₹	25,083		₹	320		₹	208,323
Accumulated depreciation/ impairment:
As at April 1, 2022	₹	—		₹	10,003		₹	90,465		₹	16,557		₹	297		₹	117,322
Depreciation and impairment		—			941			10,061			1,713			7			12,722
Disposals		—			(77	)		(2,428	)		(584	)		(4	)		(3,093	)
Translation adjustment		—			82			1,410			111			1			1,604

As at December 31, 2022	₹	—		₹	10,949		₹	99,508		₹	17,797		₹	301		₹	128,555
Capital work-in-progress																₹	10,379

Net carrying value including Capital work-in-progress as at December 31, 2022																₹	90,147


	Category of Right-of-Use asset
	Land			Buildings			Plant and equipment *			Vehicles			Total
Gross carrying value:
As at April 1, 2021	₹	2,082		₹	18,844		₹	3,918		₹	926		₹	25,770
Additions		15			5,352			432			92			5,891
Additions through business combinations		—			2,922			—			36			2,958
Disposals		(801	)		(2,385	)		(1,091	)		(136	)		(4,413	)
Translation adjustment		—			(126	)		10			(13	)		(129	)

As at December 31, 2021	₹	1,296		₹	24,607		₹	3,269		₹	905		₹	30,077
Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		19			4,208			709			206			5,142
Disposals		(20	)		(1,967	)		(746	)		(109	)		(2,842	)
Translation adjustment		—			(23	)		12			(7	)		(18	)

As at December 31, 2021	₹	54		₹	8,921		₹	2,132		₹	525		₹	11,632

Net carrying value as at December 31, 2021													₹	18,445

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

As at March 31, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686
Accumulated depreciation:
As at April 1, 2021	₹	55		₹	6,703		₹	2,157		₹	435		₹	9,350
Depreciation		24			5,572			849			264			6,709
Disposals		(21	)		(2,667	)		(1,518	)		(121	)		(4,327	)
Translation adjustment		—			68			24			(8	)		84

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

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

Gross carrying value:
As at April 1, 2022	₹	1,278		₹	25,993		₹	2,511		₹	904		₹	30,686
Additions		—			5,175			403			137			5,715
Additions through business combinations		—			201			—			—			201
Disposals		—			(3,084	)		(4	)		(242	)		(3,330	)
Translation adjustment		—			790			129			31			950

As at December 31, 2022	₹	1,278		₹	29,075		₹	3,039		₹	830		₹	34,222
Accumulated depreciation:
As at April 1, 2022	₹	58		₹	9,676		₹	1,512		₹	570		₹	11,816
Depreciation		14			4,255			419			179			4,867
Disposals		—			(2,101	)		(1	)		(203	)		(2,305	)
Translation adjustment		—			351			92			20			463

As at December 31, 2022	₹	72		₹	12,181		₹	2,022		₹	566		₹	14,841

Net carrying value as at December 31, 2022													₹	19,381


	For the period ended
	March 31, 2022		December 31, 2022
Balance at the beginning of the period	₹	139,127	₹	246,989
Translation adjustment		5,293		21,949
Acquisition through business combinations⁽¹⁾ (Refer to Note 7)		102,569		40,627
Disposals (Refer to Note 31)		—		(40	)
Balance at the end of the period	₹	246,989	₹	309,525


	Intangible assets
	Customer-related			Marketing- related			Total
Gross carrying value:
As at April 1, 2021	₹	26,326		₹	1,611		₹	27,937
Acquisition through business combinations		27,857			9,822			37,679
Deductions/adjustments		(11,695	)		(215	)		(11,910	)
Translation adjustment		322			(3	)		319

As at December 31, 2021	₹	42,810		₹	11,215		₹	54,025
Accumulated amortization/ impairment:
As at April 1, 2021	₹	14,248		₹	604		₹	14,852
Amortization and impairment		5,636			937			6,573
Deductions/Adjustments		(11,695	)		(215	)		(11,910	)
Translation adjustment		189			1			190

As at December 31, 2021	₹	8,378		₹	1,327		₹	9,705

Net carrying value as at December 31, 2021	₹	34,432		₹	9,888		₹	44,320

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

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

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

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

Gross carrying value:
As at April 1, 2022	₹	43,366		₹	11,428		₹	54,794
Acquisition through business combinations (Refer to Note 7)		5,480			482			5,962
Deductions/adjustments⁽¹⁾		(1,570	)		—			(1,570	)
Translation adjustment		3,734			1,004			4,738

As at December 31, 2022	₹	51,010		₹	12,914		₹	63,924
Accumulated amortization/ impairment:
As at April 1, 2022	₹	9,483		₹	1,756		₹	11,239
Amortization and impairment⁽²⁾		5,638			1,709			7,347
Deductions/adjustments		(1,534	)		—			(1,534	)
Translation adjustment		817			208			1,025

As at December 31, 2022	₹	14,404		₹	3,673		₹	18,077

Net carrying value as at As at December 31, 2022	₹	36,606		₹	9,241		₹	45,847


Description	CAS Group		Rizing
Net assets	₹	524	₹	4,114
Fair value of customer-related intangibles		1,617		3,863
Fair value of marketing-related intangibles		—		482
Deferred tax liabilities on intangible assets		—		(1,738	)

Total	₹	2,141	₹	6,721

Goodwill		3,446		37,124

Total purchase price	₹	5,587	₹	43,845

Net Assets include:
Cash and cash equivalents	₹	127	₹	2,114
Fair value of acquired trade receivables included in net assets	₹	451	₹	3,228
Gross contractual amount of acquired trade receivables	₹	451	₹	3,241
Less: Allowance for lifetime expected credit loss		—		(13	)
Transaction costs included in general and administrative expenses	₹	19	₹	99


	As at
	March 31, 2022		December 31, 2022
Non-current
Financial instruments at FVTPL
Equity instruments	₹	1,976	₹	3,795
Fixed maturity plan mutual funds		513		1,277
Financial instruments at FVTOCI
Equity instruments		14,963		15,736
Financial instruments at amortized cost
Inter corporate and term deposits		1,657		^

	₹	19,109	₹	20,808
Current
Financial instruments at FVTPL
Short-term mutual funds	₹	15,550	₹	24,668
Financial instruments at FVTOCI
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839		256,262
Financial instruments at amortized cost
Inter corporate and term deposits⁽¹⁾		21,266		10,813

	₹	241,655	₹	291,743

	₹	260,764	₹	312,551


	As at
	December 31, 2021			December 31, 2022
Cash and cash equivalents	₹	107,458		₹	87,307
Bank overdrafts		(14	)		(12	)

	₹	107,444		₹	87,295


Buy: Forward contracts	SEK	22	₹	2		SEK	—	₹	—
	DKK	16	₹	(2	)	DKK	—	₹	—
	CHF	2	₹	(1	)	CHF	—	₹	—
	AED	26	₹	^		AED	5	₹	^
	JPY	447	₹	(18	)	JPY	—	₹	—
	CNH	11	₹	^		CNH	—	₹	—
	NOK	12	₹	(1	)	NOK	12	₹	^
	QAR	—	₹	—		QAR	4	₹	2
	ZAR	—	₹	—		ZAR	7	₹	1
Range forward option contracts	USD	—	₹	—		USD	305	₹	(192	)
	£	—	₹	—		£	20	₹	2
	€	—	₹	—		€	40	₹	(2	)
Interest Rate Swaps	INR	4,750	₹	3		INR	—	₹	—

			₹	2,405				₹	(6,346	)



Particular	As at March 31, 2022											As at December 31, 2022
	Fair value measurements at reporting date											Fair value measurements at reporting date
	Total			Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3
Assets
Derivative instruments:
Cash flow hedges	₹	2,242		₹	—	₹	2,242		₹	—		₹	799		₹	—	₹	799		₹	—
Others		796			—		796			—			219			—		219			—
Investments:
Short-term mutual funds		15,550			15,550		—			—			24,668			24,668		—			—
Fixed maturity plan mutual funds		513			—		513			—			1,277			—		1,277			—
Equity instruments		16,939			41		574			16,324			19,531			135		—			19,396
Non-convertible debentures, government securities, commercial papers, certificate of deposit and bonds		204,839			1,251		203,588			—			256,262			1,227		255,035			—
Liabilities
Derivative instruments:
Cash flow hedges	₹	(299	)	₹	—	₹	(299	)	₹	—		₹	(5,197	)	₹	—	₹	(5,197	)	₹	—
Others		(334	)		—		(334	)		—			(2,167	)		—		(2,167	)		—
Contingent consideration		(4,329	)		—		—			(4,329	)		(3,977	)		—		—			(3,977	)


	As at
Investment in equity instruments	March 31, 2022			December 31, 2022
Balance at the beginning of the period	₹	10,227		₹	16,324
Additions		3,973			1,733
Disposals		(7,697	)		(611	)
Unrealized gain recognized in statement of income		40			26
Gain recognized in other comprehensive income		9,423			602
Translation adjustment		358			1,322

Balance at the end of the period	₹	16,324		₹	19,396


	Three months ended December 31,						Nine months ended December 31,
	2021			2022			2021			2022
Income tax expense as per the interim condensed consolidated statement of income	₹	8,063		₹	9,102		₹	22,547		₹	24,743
Income tax included in other comprehensive income on:
Gains/(losses) on investment securities		(194	)		66			658			(341	)
Gains/(losses) on cash flow hedging derivatives		28			(776	)		389			(1,383	)
Remeasurements of the defined benefit plans		52			(50	)		(216	)		99

	₹	7,949		₹	8,342		₹	23,378		₹	23,118


	IT Services										IT Products		ISRE		Total
	Americas 1		Americas 2		Europe		APMEA		Total		IT Products		ISRE		Total
A. Revenue
Rendering of services	₹	56,356	₹	60,727	₹	59,232	₹	23,429	₹	199,744	₹	—	₹	1,623	₹	201,367
Sale of products		—		—		—		—		—		1,769		—		1,769

	₹	56,356	₹	60,727	₹	59,232	₹	23,429	₹	199,744	₹	1,769	₹	1,623	₹	203,136

B. Revenue by sector
Banking, Financial Services and Insurance	₹	923	₹	37,710	₹	23,724	₹	7,870	₹	70,227
Health		18,871		37		3,790		918		23,616
Consumer		23,354		680		8,003		3,280		35,317
Communications		2,608		301		3,287		3,802		9,998
Energy, Natural Resources and Utilities		176		8,482		9,919		4,808		23,385
Manufacturing		63		6,731		5,808		809		13,411
Technology		10,361		6,786		4,701		1,942		23,790

	₹	56,356	₹	60,727	₹	59,232	₹	23,429	₹	199,744	₹	1,769	₹	1,623	₹	203,136

C. Revenue by nature of contract
Fixed price and volume based	₹	31,075	₹	33,931	₹	35,575	₹	14,386	₹	114,967	₹	—	₹	1,262	₹	116,229
Time and materials		25,281		26,796		23,657		9,043		84,777		—		361		85,138
Products		—		—		—		—		—		1,769		—		1,769

	₹	56,356	₹	60,727	₹	59,232	₹	23,429	₹	199,744	₹	1,769	₹	1,623	₹	203,136


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Attune Consulting India Private Limited			India

Capco Technologies Private Limited			India

Encore Theme Technologies Private Limited			India

Wipro Chengdu Limited			China

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


Wipro HR Services India Private Limited			India

Wipro IT Services Bangladesh Limited			Bangladesh

Wipro IT Services UK Societas			UK
	Grove Holdings 2 S.á.r.l		Luxembourg
		Capco Brasil Serviços E Consultoria Em Informática Ltda	Brazil
		The Capital Markets Company BV⁽³⁾	Belgium
	PT. WT Indonesia		Indonesia
	Rainbow Software LLC		Iraq
	Wipro Arabia Limited⁽²⁾		Saudi Arabia
		Women’s Business Park Technologies Limited⁽²⁾	Saudi Arabia
	Wipro Doha LLC		Qatar
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary
		Wipro Holdings Investment Korlátolt Felelősségű Társaság	Hungary
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Information Technology Netherlands BV.		Netherlands
		Wipro do Brasil Technologia Ltda⁽¹⁾	Brazil
		Wipro Information Technology Kazakhstan LLP	Kazakhstan
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro Portugal S.A.⁽¹⁾	Portugal
		Wipro Solutions Canada Limited	Canada
		Wipro Technologies Limited	Russia
		Wipro Technologies Peru SAC	Peru
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Technology Chile SPA	Chile
	Wipro IT Service Ukraine, LLC		Ukraine
	Wipro IT Services Poland SP Z.O.O		Poland
	Wipro Technologies Australia Pty Ltd		Australia
		Wipro Ampion Holdings Pty Ltd⁽¹⁾ (Formerly known as Ampion Holdings Pty Ltd)	Australia
	Wipro Technologies SA		Argentina
	Wipro Technologies SA DE CV		Mexico
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro Technologies SRL		Romania
	Wipro (Thailand) Co. Limited		Thailand

Wipro Japan KK			Japan
	Designit Tokyo Co., Ltd.		Japan

Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia

Wipro Overseas IT Services Private Limited			India

Wipro Philippines, Inc.			Philippines

Wipro Shanghai Limited			China

Wipro Trademarks Holding Limited			India

Wipro Travel Services Limited			India

Wipro VLSI Design Services India Private Limited			India

Wipro, LLC			USA


Wipro Gallagher Solutions, LLC		USA
Wipro Insurance Solutions, LLC		USA

Wipro IT Services, LLC		USA
	Cardinal US Holdings, Inc.⁽¹⁾	USA
	Convergence Acceleration Solutions, LLC	USA
	Designit North America, Inc.	USA
	Edgile, LLC	USA
	HealthPlan Services, Inc.⁽¹⁾	USA
	Infocrossing, LLC	USA
	International TechneGroup Incorporated⁽¹⁾	USA
	LeanSwift Solutions, Inc.⁽¹⁾	USA
	Rizing Intermediate Holdings, Inc.⁽¹⁾	USA
	Wipro Appirio, Inc.⁽¹⁾	USA
	Wipro Designit Services, Inc.⁽¹⁾	USA
	Wipro VLSI Design Services, LLC	USA


	Rizing Intermediate LLC⁽³⁾		USA

Wipro Appirio, Inc.			USA
	Wipro Appirio (Ireland) Limited		Ireland
		Wipro Appirio UK Limited	UK
	Wipro Appirio, K.K.		Japan
	Topcoder, LLC.		USA

Wipro Designit Services, Inc.			USA
	Wipro Designit Services Limited		Ireland

Wipro do Brasil Technologia Ltda			Brazil
	Wipro do Brasil Servicos Ltda		Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil

Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
		Wipro Business Solutions GmbH⁽³⁾	Germany
		Wipro IT Services Austria GmbH	Austria

Wipro Weare4C UK Limited			UK
	CloudSocius DMCC		United Arab Emirates

⁽³⁾ Step Subsidiary details of Attune Netherlands B.V., Wipro Iris Holdco Pty Ltd, Rizing Intermediate LLC, The Capital Markets Company BV and Wipro Business Solutions GmbH are as follows:
Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation

Attune Netherlands B.V.			Netherlands
	Attune Australia Pty Ltd		Australia
	Attune Consulting USA, Inc.		USA
	Attune Germany GmbH		Germany
	Attune Italia S.R.L		Italy
	Attune Management LLC		USA
	Attune UK Ltd.		UK

Wipro Iris Holdco Pty Ltd (Formerly known as Iris Holdco Pty Ltd)			Australia
	Wipro Iris Bidco Pty Ltd (Formerly known as Iris Bidco Pty Ltd)		Australia

Rizing Intermediate LLC			USA
	Rizing Canada Holdings Corp.		Canada
		Rizing Solutions Canada Inc.	Canada
	Rizing LLC⁽⁴⁾		USA

The Capital Markets Company BV			Belgium
	CapAfric Consulting (Pty) Ltd		South Africa
	Capco Belgium BV		Belgium
	Capco Consultancy (Malaysia) Sdn. Bhd		Malaysia
	Capco Consultancy (Thailand) Ltd		Thailand
	Capco Consulting Singapore Pte. Ltd		Singapore
	Capco Greece Single Member P.C		Greece
	Capco Poland sp. z.o.o		Poland
	The Capital Markets Company (UK) Ltd		UK
		Capco (UK) 1, Limited	UK
	The Capital Markets Company BV		Netherlands
	The Capital Markets Company GmbH		Germany
		Capco Austria GmbH	Austria
	The Capital Markets Company Limited		Hong Kong
		Capco Consulting Services (Guangzhou) Company Limited	China


	The Capital Markets Company Limited		Canada
		Capco (Canada) GP ULC	Canada
	The Capital Markets Company S.á.r.l		Switzerland
		Andrion AG	Switzerland
	The Capital Markets Company S.A.S		France
	The Capital Markets Company s.r.o		Slovakia

Wipro Business Solutions GmbH			Germany
	Wipro Technology Solutions S.R.L		Romania


Name of the entity		Country of incorporation
Capco (Canada) LP⁽⁵⁾		Canada
Wipro Equity Reward Trust		India
Wipro Foundation		India
⁽⁵⁾ The Capital Markets Company Limited (Canada) and Capco (Canada) GP ULC act as Limited and General Partners, respectively.


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

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

Anand Subramanian	Jatin Pravinchandra Dalal		M. Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 110815
Bengaluru
January 13, 2023


The list of controlled trusts and firms are:
Name of the entity		Country of incorporation
Capco (Canada) LP⁽⁵⁾		Canada
Wipro Equity Reward Trust		India
Wipro Foundation		India


By order of the Board,		For, Wipro Limited

Place: Bengaluru Date: January 13, 2023		Rishad A. Premji Chairman