6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of October 2018

Commission File Number 001-16139

Wipro Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

Sarjapur Road

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

(Address of principal executive offices)

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

Form 20-F  ☒             Form 40-F  ☐

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

Yes  ☐            No   ☒

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

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

Yes  ☐            No   ☒

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

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 September 30, 2018. 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 October 24, 2018, we announced our results of operations for the quarter ended September 30, 2018. 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 October 24, 2018, we held a 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 September 30, 2018 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 Interim Condensed Consolidated Financial Statements under IFRS as at and for the three months ended September 30, 2018. A copy of such financial statements are 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 September 30, 2018 under IFRS. A copy of such financial statements are 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 September 30, 2018. A copy of such data sheet is attached to this Form 6-K as Item 99.6.

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: October 29, 2018

INDEX TO EXHIBITS

Item
99.1	IFRS Press Release
99.2	Presentation made by the Company at the Press Conference on October 25, 2018
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

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Results for the Quarter ended September 30, 2018 under IFRS

IT Services Segment Revenue¹ up 10.4% YoY in INR terms

Adjusted² IT Services Margin expanded to 18.1%

Bangalore, India and East Brunswick, New Jersey, USA – October 24, 2018 - Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended September 30, 2018.

Highlights of the Results

Results for the Quarter ended September 30, 2018:

• Gross Revenue was ₹ 145.4 billion ($2.0 billion³).

• IT Services Segment Revenue was ₹ 143.8 billion ($2.0 billion³). Adjusted¹ IT Services Segment Revenue was up 6.2% sequentially and 10.4% YoY in INR terms.

• IT Services Segment Revenue in dollar terms at $2,041.2 million.

• Adjusted¹ Non-GAAP constant currency IT Services Segment Revenue up 2.8% sequentially and 5.1% YoY.

• Adjusted² IT Services Margin⁴ for the quarter was 18.1%. IT Services Margin⁴ reported was 14.6%.

• Net Income was ₹ 18.9 billion ($260.4 million³).

• EPS for the quarter was ₹ 4.19 ($0.06³) per share.

Performance for the Quarter ended September 30, 2018

Abidali Z. Neemuchwala, CEO and Member of the Board said - “Wipro has delivered a strong quarter on both revenue and margin growth. We won our largest deal to date and four of our Business Units grew over 4% sequentially in constant currency terms. The demand environment is robust, especially for digital transformation and enterprise scale modernization services.”

Jatin Dalal, Chief Financial Officer said – “Consistent improvement in our operating metrics reflects our relentless rigor of execution, which has resulted in our Adjusted² IT Services Margin reaching 18.1% in quarter 2. We see automation as a key lever to drive margins going forward.”

1. Sequential and YoY revenue growth rates for the quarter ended September 30, 2018 are adjusted for the impact from the divestment of our hosted data center services business for the quarters ended June 30, 2018 and September 30, 2017.

2. IT Services Margin and EPS for the quarter ended September 30, 2018 includes a loss of ₹ 5,141 million from the settlement with one of our key customers. Adjusted IT Services Margin exclude the impact of this loss.

3. 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 = ₹ 72.54, as published by the Federal Reserve Board of Governors on September 30, 2018. However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2018 was US$1= ₹ 70.44.

4. IT Services Margin refers to Segment Results Total.

1

As part of our India business reorganization, we are carving out our India Public Sector Undertaking (PSU) and India Government business, given their distinct operating rhythm and need for differentiated execution rigor. The rest of our India strategy remains unchanged and will focus on enterprise customers, leveraging our new and core portfolio offerings in line with the global business. Given this, we will carve out the India PSU and India Government business out of our IT Services segment in our financials effective quarter ending December 31, 2018. The enterprise business in India will continue to be part of the IT Services segment. We will make the necessary disclosure pertaining to this carve out in our financials for the quarter ending December 31, 2018. Our outlook for the quarter ending December 31, 2018 reflects this change.

Outlook for the Quarter ending December 31, 2018

We expect Revenue from IT Services business to be in the range of $2,028 million to $2,068 million*. Comparable revenue excluding India PSU and India Government business for the quarter ended September 30, 2018 was $2,007 million. This translates to sequential growth outlook of 1.0% to 3.0%.

* Outlook is based on the following exchange rates: GBP/USD at 1.31, Euro/USD at 1.17, AUD/USD at 0.73, USD/INR at 72.02 and USD/CAD at 1.31.

IT Services Highlights

Wipro continued its momentum in winning large deals globally as described below:

• Wipro has won a global multi-year digital workplace and managed network services contract from OMV, an Austrian integrated oil and gas company. The engagement will leverage Wipro’s automation capabilities and oil & gas industry expertise to standardize and transform the technology landscape, and lay the foundation for digitalization to improve employee experience at the client organization.

• Wipro has been chosen as an end-to-end system implementation and program management partner by a leading development financial institution. The project will streamline the client’s technology landscape and optimize their business processes while instituting industry best practices and solutions. Wipro will define future state business processes, design and implement a CRM layer, and develop product specifications and process flows for the client.

• Wipro has won a long-term digital strategic engagement with a leading healthcare company to enhance their user experience through IT service desk transformation. The contract will leverage artificial intelligence and automation for service desk transformation.

• Wipro will help a global nutrition company set up cloud-based IT infrastructure. This program will drive greater business agility, and improved employee and end-customer experience for the client.

2

• Wipro has won a multi-year engagement from a leading Europe-based facility management company for transforming its IT operations. The program will help the client set up a futuristic, agile and scalable platform that will power digital initiatives through a next-gen delivery model, integrated platforms, hyper-automation and cloud technologies.

Digital Highlights

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

• Wipro has been selected by a large North American bank to help create a new digital bank by providing and integrating strategy, design and technology services.

• A large global pharmaceutical company has selected Wipro Digital to streamline and modernize its clinical trial process for vaccines through an experience-led approach.

• A global financial services company has selected Wipro Digital to provide cloud-native development support, using Pivotal Cloud Foundry, as part of its ongoing cloud transformation program.

• Wipro has won a multi-year deal from a global beverages retailer to deliver a digital workplace management solution to manage the client’s world-wide physical assets.

Wipro continues to win deals in the cloud applications space by leveraging Appirio Cloud Services:

• An American financial services company has extended its contract with Wipro. Wipro will help upgrade the user experience, integrate CRM touch-points and put together a financial services cloud capability roadmap for the client’s retail banking portfolio.

• Wipro has been chosen by a US-based healthcare organization for a cloud-based engagement that will help the client better manage its B2C and B2B stakeholder relationships.

3

Analyst Accolades and Awards

• Wipro was recognized as a Leader in IT Infrastructure Services Automation – Market Trends and Services PEAK Matrix™ Assessment 2018: Become AI Aware or Fall Behind

• Wipro was positioned in the Winner’s Circle of HfS Blueprint on Software Product Engineering Services 2018

• Wipro is recognized as a Leader in Embedded System Engineering Services PEAK Matrix™ Assessment: Enabling the Era of Connected and Intelligent Products

• Wipro was recognised as a ‘Leader’ by The Forrester Wave™: Digital Process Automation Service Providers

• Wipro is recognized as a Major Contender in Finance and Accounting Digital Augmentation Suite (F&A DAS) – Service Provider Landscape with Solutions PEAK Matrix™ Assessment 2018

• Wipro was selected as a member of the global Dow Jones Sustainability World Index (DJSI) - 2018 for the ninth year in succession. Launched in 2009, the S&P DJSI (World) is the gold standard for corporate sustainability. Inclusion in DJSI (World) index is based on a rigorous analysis of a company’s performance on 600 data points spread across 21 primary indicators and more than 120 secondary indicators across Economic, Environmental and Social dimensions.

IT Products

• IT Products Segment Revenue for the quarter was ₹ 2.9 billion ($39.6 million³).

• IT Products Margin for the quarter was -14.8%.

Please refer the table on page 10 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

All product names, logos, and brands are property of their respective owners.

4

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 10 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.

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 September 30, 2018, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website www.wipro.com

Quarterly Conference Call

We will hold an earnings conference call today at 07:15 p.m. Indian Standard Time (09:45 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- http://services.choruscall.eu/links/wipro181024.html

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

5

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 175,000 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
Vaibhav Saha	Abhishek Kumar Jain	Vipin Nair
Phone: +91-80-4672 6143	Phone: +1 978 826 4700	Phone: +91-80-3991 6450
vaibhav.saha@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. 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)

6

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

	As at March 31,		As at September 30,
	2018		2018		2018
					Convenience translation into US dollar in millions (unaudited) Refer Footnote 3 on Page 1
ASSETS
Goodwill		117,584		128,026		1,765
Intangible assets		18,113		18,027		249
Property, plant and equipment		64,443		68,370		943
Derivative assets		41		17		—
Investments		7,668		7,494		103
Investment in equity accounted investee		1,206		1,305		18
Trade receivables		4,446		4,179		58
Deferred tax assets		6,908		8,861		122
Non-current tax assets		18,349		20,237		279
Other non-current assets		15,726		20,227		279
Total non-current assets		254,484		276,743		3,816
Inventories		3,370		4,060		56
Trade receivables		100,990		106,382		1,466
Other current assets		30,596		27,150		374
Unbilled receivables		42,486		28,685		395
Contract assets		—		18,573		256
Investments		249,094		248,815		3,430
Current tax assets		6,262		7,895		109
Derivative assets		1,232		3,793		52
Cash and cash equivalents		44,925		79,818		1,100
		478,955		525,171		7,238
Assets held for sale		27,201		—		—
Total current assets		506,156		525,171		7,238
TOTAL ASSETS		760,640		801,914		11,054
EQUITY
Share capital		9,048		9,048		125
Share premium		800		879		12
Retained earnings		453,265		491,401		6,774
Share based payment reserve		1,772		2,260		31
Other components of equity		18,051		17,414		240
Equity attributable to the equity holders of the Company		482,936		521,002		7,182
Non-controlling interest		2,410		2,312		32
TOTAL EQUITY		485,346		523,314		7,214
LIABILITIES
Long - term loans and borrowings		45,268		52,329		721
Derivative liabilities		7		—		—
Deferred tax liabilities		3,059		2,475		34
Non-current tax liabilities		9,220		9,543		132
Other non-current liabilities		4,230		4,688		65
Provisions		3		2		—
Total non-current liabilities		61,787		69,037		952
Loans, borrowings and bank overdrafts		92,991		62,726		865
Trade payables and accrued expenses		68,129		84,797		1,169
Unearned revenues		17,139		23,607		325
Current tax liabilities		9,417		13,667		188
Derivative liabilities		2,210		6,487		89
Other current liabilities		16,613		17,507		241
Provisions		796		772		11
		207,295		209,563		2,888
Liabilities directly associated with assets held for sale		6,212		—		—
Total current liabilities		213,507		209,563		2,888
TOTAL LIABILITIES		275,294		278,600		3,840
TOTAL EQUITY AND LIABILITIES		760,640		801,914		11,054

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

	Three months ended September 30,									Six months ended September 30,
	2017			2018			2018			2017			2018			2018
							Convenience translation into US dollar in millions (unaudited) Refer Footnote 3 on Page 1									Convenience translation into US dollar in millions (unaudited). Refer Footnote 3 on Page 1
Gross Revenues		134,234			145,410			2,005			270,495			285,187			3,931
Cost of revenues		(94,694	)		(101,770	)		(1,403	)		(191,805	)		(202,120	)		(2,786	)
Gross profit		39,540			43,640			602			78,690			83,067			1,145
Selling and marketing expenses		(9,867	)		(10,814	)		(149	)		(20,013	)		(21,627	)		(298	)
General and administrative expenses		(7,085	)		(13,696	)		(189	)		(14,349	)		(22,304	)		(307	)
Foreign exchange gains/(losses), net		453			1,217			17			806			1,988			27
Other operating income		—			269			4			—			2,798			39
Results from operating activities		23,041			20,616			285			45,134			43,922			606
Finance expenses		(1,434	)		(1,569	)		(22	)		(3,035	)		(3,218	)		(44	)
Finance and other income		6,709			5,136			71			13,036			10,333			142
Share of profit /(loss) of equity accounted investee		5			20			—			4			(33	)		—
Profit before tax		28,321			24,203			334			55,139			51,004			704
Income tax expense		(6,426	)		(5,347	)		(74	)		(12,420	)		(11,212	)		(155	)
Profit for the period		21,895			18,856			260			42,719			39,792			549
Profit attributable to:
Equity holders of the Company		21,917			18,889			260			42,682			40,095			553
Non-controlling interest		(22	)		(33	)		—			37			(303	)		(4	)
Profit for the period		21,895			18,856			260			42,719			39,792			549
Earnings per equity share:
Attributable to equity share holders of the Company
Basic		4.52			4.19			0.06			8.81			8.90			0.12
Diluted		4.52			4.19			0.06			8.80			8.89			0.12
Weighted average number of equity shares used in computing earnings per equity share
Basic		4,845,485,149			4,503,556,411			4,503,556,411			4,844,289,024			4,503,618,086			4,503,618,086
Diluted		4,852,992,546			4,513,452,637			4,513,452,637			4,852,340,224			4,513,533,464			4,513,533,464

8

Additional Information

	Three months ended September 30,									Six months ended September 30,
	2017			2018			2018			2017			2018			2018
Segment Revenue
IT Services Business Units
BFSI		36,349			44,105			608			71,283			85,159			1,174
HEALTH		17,989			18,364			253			37,139			36,573			504
CBU		20,989			23,532			324			41,524			45,519			628
ENU		17,769			18,239			251			35,233			35,444			489
TECH		18,515			19,581			270			36,179			39,085			539
MFG		11,495			11,732			162			23,173			23,036			318
COMM		8,583			8,220			113			17,414			15,960			220
IT SERVICES TOTAL		131,689			143,773			1,981			261,945			280,776			3,872
IT PRODUCTS		2,988			2,876			40			9,331			6,408			88
RECONCILING ITEMS		10			(22	)		—			25			(9	)		—
TOTAL		134,687			146,627			2,021			271,301			287,175			3,960
Segment Result
IT Services Business Units
BFSI		6,055			7,725			106			11,496			14,874			205
HEALTH		2,698			2,659			37			5,432			4,729			65
CBU		3,244			4,156			57			6,178			6,771			93
ENU		3,435			(2,084	)		(29	)		7,086			606			8
TECH		3,748			4,644			64			7,229			8,708			120
MFG		1,652			2,247			31			3,346			3,649			50
COMM		1,147			1,070			15			2,596			1,824			25
UNALLOCATED		805			310			4			1,337			1,005			14
OTHER OPERATING INCOME		—			269			4			—			2,798			39
TOTAL IT SERVICES		22,784			20,996			289			44,700			44,964			619
IT PRODUCTS		88			(426	)		(6	)		119			(1,166	)		(16	)
RECONCILING ITEMS		169			46			1			315			124			2
TOTAL		23,041			20,616			284			45,134			43,922			605
FINANCE EXPENSE		(1,434	)		(1,569	)		(22	)		(3,035	)		(3,218	)		(44	)
FINANCE AND OTHER INCOME		6,709			5,136			71			13,036			10,333			142
SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE		5			20			0			4			(33	)		(0	)
PROFIT BEFORE TAX		28,321			24,203			333			55,139			51,004			703
INCOME TAX EXPENSE		(6,426	)		(5,347	)		(74	)		(12,420	)		(11,212	)		(155	)
PROFIT FOR THE PERIOD		21,895			18,856			259			42,719			39,792			548

Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income.

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

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. Effective April 1, 2018, consequent to change in organization structure, the Company reorganized its industry verticals. The Manufacturing (MFG) and Technology Business unit are split from the former Manufacturing & Technology (MNT) business unit. The revised industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (HEALTH) previously known as Health Care and Life Sciences Business unit (HLS), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). IT Services segment also includes Others which comprises dividend income relating to strategic investments, which are presented within “Financial and other Income” in the interim condensed consolidated statement of income. 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.

Comparative information has been restated to give effect to the above changes.

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.

9

Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN)

Three Months ended September 30, 2018

IT Services Revenue as per IFRS	$	2,041.2
Effect of Foreign currency exchange movement	$	18.7
Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates	$	2,059.9

Three Months ended September 30, 2018

IT Services Revenue as per IFRS	$	2,041.2
Effect of Foreign currency exchange movement	$	50.7
Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year	$	2,091.9

10

EX-99.2

Performance for the Quarter ended September 30, 2018 Jatin Dalal Chief Financial Officer Wipro Limited Exhibit 99.2

Note Wipro divested its hosted data center services business in Q1 FY19. All sequential and YoY revenue growth percentages are adjusted for it. #IT Services Margin for the quarter ended September 30, 2018 includes a loss of ₹5,141 million from the settlement with one of our key customers. Adjusted IT Services Margin excludes the impact of this loss.

IT Services Revenue for the quarter $ 2041.2 (up 2.8% QoQ in CC terms; at top end of guidance) Million 143.8 (up 6.2% QoQ) Billion

IT Services Margin for the quarter 18.1% reported Margin ↓ 260 basis points from Q1 FY19 reported margins 14.6% adjusted Margin# ↑ 90 basis points from Q1 FY19 reported margins

Net income for the quarter Highlights: EPS for the quarter was ₹4.19 per share. The Effective Tax Rate for Q2’19 was 22.1%. ₹ 18.9 Billion

Operating Cash flow for the quarter Gross Cash: ₹32,863 crores Net Cash: ₹21,358 crores ₹ 18.6 Billion 98% of Net Income

Quarter highlights Business Units Banking, Financial Services & Insurance Consumer Business Unit ↑ 4.4% QoQ in CC terms ↑ 4.8% QoQ in CC terms Geographies US ↑ 3.7% QoQ in CC terms Services Digital Operations & Platforms ↑ 6.2% QoQ in CC terms APAC and Other Emerging Markets ↑ 7.9% QoQ in CC terms Energy, Natural Resources and Utilities ↑ 4.0% QoQ in CC terms Data, Analytics and AI ↑ 11.1% QoQ in CC terms Communications ↑ 4.2% QoQ in CC terms

Other highlights Digital grew 13.4% QoQ and is now at 31.4% of our revenue Top 10 accounts grew 3.6% QoQ in constant currency terms Added 1 account to $100MN+ revenue bucket Added 7 accounts to $10MN+ revenue bucket Localization in US now crossed 60% Efforts savings on FPP projects at 3.0% vs 1.1% in Q1’19 Utilization* at all time high of 85.5% FPP mix remains at all time high of 58.9% Generated free cash flow of ₹12,852 million *net utilization excluding trainees

Outlook for quarter ending December 31, 2018 Outlook is based on the following exchange rates: GBP/USD at 1.31, Euro/USD at 1.17, AUD/USD at 0.73, USD/INR at 72.02 and USD/CAD at 1.31. ^ As part of our India business reorganization, we are carving out our India Public Sector Undertaking (PSU) and India Government business, given their distinct operating rhythm and need for differentiated execution rigor. We will carve this business out of our IT Services segment in our financials effective quarter ending December 31, 2018. The enterprise business in India will continue to be part of the IT Services segment. Our outlook for the quarter ending December 31, 2018 reflects this change. We expect Revenue from our IT Services business to be in the range of $2,028 million to $2,068 million*. Comparable revenue excluding India PSU and India Government business for the quarter ended September 30, 2018 was $2,007 million. This translates to a sequential growth outlook of 1.0% to 3.0%. Q3FY19 ^ 1.0% to 3.0%

Thank You

Reconciliation of Selected GAAP measures to Non-GAAP measures  Wipro Limited and Subsidiaries (Amounts in ₹ crore) Computation of Gross cash position   Cash and cash equivalents 7,982 Investments - Current 24,881 Total 32,863 IT Services Revenue to IT Services Revenue as per IFRS ($MN) IT Services Revenue as per IFRS $2041.2 IT Services Revenue as per IFRS $2,041.2 Effect of Foreign currency exchange movement $18.7 Effect of Foreign currency exchange movement $50.7 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 2,059.9   Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $2,091.9 Reconciliation of Non-GAAP constant currency revenue for three months ended September 30, 2018 Reconciliation of Gross Cash as of September 30, 2018

EX-99.3

Exhibit 99.3

Exhibit 99.3 Extract of audited financial results ofWipro Limited and its subsidiaries forthe quarter ended September 30,2018 Consolidated Audited Financial Results of Wipro Limited under IFRS (?in millions, except share and per share data, unless otherwise stated) Particulars Quarter ended September 30, 2018 Half year ended September 30, 2018Quarter ended September 30, 2017 Total income from operations (net) 146,896 289,973134,687 Net Profit / (Loss) before tax, exceptional and extraordinary items 24,203 51,00428,321 Net Profit / (Loss) before tax but after exceptional and extraordinary items 24,203 51,00428,321 Net Profit / (Loss) after tax, exceptional and extraordinary items 18,856 39,79221,895 Total Comprehensive Income aftertax 21,083 39,38421,469 Equity Share Capital 9,048 9,0489,733 Reserves excluding Revaluation Reserve 511,954 511,954552,717 Earnings Per Share (after extraordinary items) (of T 2/- each) Basic: 4.19 8.904.52 Diluted: 4.19 8.894.52 The audited interim consolidated financial results of the Company for the three and six months ended September 30,2018 have been approved by the Board of Directors of the Company at its meeting held on October 24,2018. The statutory auditors have expressed an unmodified audit opinion.

Financial Results of Wipro Limited under Ind AS The interim condensed 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 Companies (Indian Accounting Standards) Amendment Rules, 2016. These financial statements, are prepared in accordance with Ind AS. Consolidated Audited Financial Results of Wipro Limited under Ind AS Particulars Quarter ended September 30, 2018 Half year ended September 30, 2018Quarter ended September 30, 2017 Total income from operations (net) 145,679 287,985134,234 Net Profit / (Loss) before tax, exceptional and extraordinary items 24,204 51,00728,323 Net Profit / (Loss) before tax but after exceptional and extraordinary items 24,204 51,00728,323 Net Profit 1 (Loss) after tax, exceptional and extraordinary items 18,857 39,79521,896 Total Comprehensive Income aftertax 20,862 38,98021,432 Equity Share Capital 9,048 9,0489,733 Reserves excluding Revaluation Reserve 507,877 507,877549,094 Earnings Per Share (after extraordinary items) (of ? 2/- each) Basic: 4.19 8.904.52 Diluted: 4.19 8.894.52 The audited interim consolidated financial results (under Ind AS) of the Company for the three and six months ended September 30,2018 have been approved by the Board of Directors of the Company at its meeting held on October 24,2018. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS Particulars Quarter ended September 30, 2018 Half year ended September 30, 2018Quarter ended September 30, 2017 Total income from operations (net) 120,023 235,698110,505 Net Profit / (Loss) before tax, exceptional and extraordinary items 21,663 45,88727,601 Net Profit / (Loss) before tax but after exceptional and extraordinary items 21,663 45,88727,601 Net Profit / (Loss) after tax, exceptional and extraordinary items 16,074 35,29721,343 Total Comprehensive Income aftertax 12,048 29,76918,507 Equity Share Capital 9,048 9,0489,733 Reserves excluding Revaluation Reserve 442,629 442,629495,294 Earnings Per Share (after extraordinary items) (of ? 2/- each) Basic: 3.57 7.844.40 Diluted: 3.56 7.824.40 The audited interim financial results of the Company for the three and six months ended September 30, 2018 have been approved by the Board of Directors of the Company at its meeting held on October 24, 2018. 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 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/corporates). the National Stock Exchange website (URL: www.nseindia.com/corporates) and on the Company’s website (URL: www.wipro.com). By Order of the Board, For Wipro Ltd. Place: Bangalore Azim H Premji Date: October 24,2018 Chairman & Managing Director Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560 035, IndiaWebsite: www.wipro.com | Email id: info@wipro.com | Tel: +91-80-2844 0011 | Fax:+91-80-2844 0054CIN:L32102KA1945PLC020800

EX-99.4

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS

AS AT AND FOR THE THREE MONTHS AND SIX MONTHS ENDED SEPTEMBER 30, 2018

1

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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

		As at March 31,		As at September 30,
	Notes	2018		2018		2018
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)
ASSETS
Goodwill	5		117,584		128,026		1,765
Intangible assets	5		18,113		18,027		249
Property, plant and equipment	4		64,443		68,370		943
Derivative assets	13, 14		41		17		—
Investments	7		7,668		7,494		103
Investment in equity accounted investee	7		1,206		1,305		18
Trade receivables			4,446		4,179		58
Deferred tax assets			6,908		8,861		122
Non-current tax assets			18,349		20,237		279
Other non-current assets	10		15,726		20,227		279
Total non-current assets			254,484		276,743		3,816
Inventories	8		3,370		4,060		56
Trade receivables			100,990		106,382		1,466
Other current assets	10		30,596		27,150		374
Unbilled receivables			42,486		28,685		395
Contract assets			—		18,573		256
Investments	7		249,094		248,815		3,430
Current tax assets			6,262		7,895		109
Derivative assets	13, 14		1,232		3,793		52
Cash and cash equivalents	9		44,925		79,818		1,100
			478,955		525,171		7,238
Assets held for sale			27,201		—		—
Total current assets			506,156		525,171		7,238
TOTAL ASSETS			760,640		801,914		11,054
EQUITY
Share capital			9,048		9,048		125
Share premium			800		879		12
Retained earnings			453,265		491,401		6,774
Share based payment reserve			1,772		2,260		31
Other components of equity			18,051		17,414		240
Equity attributable to the equity holders of the Company			482,936		521,002		7,182
Non-controlling interest			2,410		2,312		32
TOTAL EQUITY			485,346		523,314		7,214
LIABILITIES
Long - term loans and borrowings	11		45,268		52,329		721
Derivative liabilities	13, 14		7		—		—
Deferred tax liabilities			3,059		2,475		34
Non-current tax liabilities			9,220		9,543		132
Other non-current liabilities	12		4,230		4,688		65
Provisions	12		3		2		—
Total non-current liabilities			61,787		69,037		952
Loans, borrowings and bank overdrafts	11		92,991		62,726		865
Trade payables and accrued expenses			68,129		84,797		1,169
Unearned revenues			17,139		23,607		325
Current tax liabilities			9,417		13,667		188
Derivative liabilities	13, 14		2,210		6,487		89
Other current liabilities	12		16,613		17,507		241
Provisions	12		796		772		11
			207,295		209,563		2,888
Liabilities directly associated with assets held for sale			6,212		—		—
Total current liabilities			213,507		209,563		2,888
TOTAL LIABILITIES			275,294		278,600		3,840
TOTAL EQUITY AND LIABILITIES			760,640		801,914		11,054

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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

2

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

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

		Three months ended September 30,									Six months ended September 30,
	Notes	2017			2018			2018			2017			2018			2018
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)
Gross Revenues	17		134,234			145,410			2,005			270,495			285,187			3,931
Cost of revenues	18		(94,694	)		(101,770	)		(1,403	)		(191,805	)		(202,120	)		(2,786	)
Gross profit			39,540			43,640			602			78,690			83,067			1,145
Selling and marketing expenses	18		(9,867	)		(10,814	)		(149	)		(20,013	)		(21,627	)		(298	)
General and administrative expenses	18		(7,085	)		(13,696	)		(189	)		(14,349	)		(22,304	)		(307	)
Foreign exchange gains/(losses), net	20		453			1,217			17			806			1,988			27
Other operating income	27		—			269			4			—			2,798			39
Results from operating activities			23,041			20,616			285			45,134			43,922			606
Finance expenses	19		(1,434	)		(1,569	)		(22	)		(3,035	)		(3,218	)		(44	)
Finance and other income	20		6,709			5,136			71			13,036			10,333			142
Share of profit /(loss) of equity accounted investee	7		5			20			—			4			(33	)		—
Profit before tax			28,321			24,203			334			55,139			51,004			704
Income tax expense	16		(6,426	)		(5,347	)		(74	)		(12,420	)		(11,212	)		(155	)
Profit for the period			21,895			18,856			260			42,719			39,792			549
Profit attributable to:
Equity holders of the Company			21,917			18,889			260			42,682			40,095			553
Non-controlling interest			(22	)		(33	)		—			37			(303	)		(4	)
Profit for the period			21,895			18,856			260			42,719			39,792			549
Earnings per equity share:	21
Attributable to equity share holders of the Company
Basic			4.52			4.19			0.06			8.81			8.90			0.12
Diluted			4.52			4.19			0.06			8.80			8.89			0.12
Weighted average number of equity shares used in computing earnings per equity share
Basic			4,845,485,149			4,503,556,411			4,503,556,411			4,844,289,024			4,503,618,086			4,503,618,086
Diluted			4,852,992,546			4,513,452,637			4,513,452,637			4,852,340,224			4,513,533,464			4,513,533,464

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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

3

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 September 30,									Six months ended September 30,
	Notes	2017			2018			2018			2017			2018			2018
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)
Profit for the period			21,895			18,856			260			42,719			39,792			549
Items that will not be reclassified to profit or loss in subsequent periods
Defined benefit plan actuarial gains/(losses)			53			121			2			371			455			6
Net change in fair value of financial instruments through OCI			307			(1,300	)		(18	)		330			(1,160	)		(16	)
			360			(1,179	)		(16	)		701			(705	)		(10	)
Items that may be reclassified to profit or loss in subsequent periods
Foreign currency translation differences	15		2,098			6,074			84			2,797			8,894			123
Reclassification of foreign currency translation differences to profit and loss on sale of hosted data center services business	15		—			—			—			—			(4,131	)		(57	)
Net change in time value of option contracts designated as cash flow hedges	13,16		(20	)		(140	)		(2	)		(13	)		(263	)		(4	)
Net change in intrinsic value of option contracts designated as cash flow hedges	13,16		(111	)		(1,372	)		(19	)		(78	)		(1,565	)		(22	)
Net change in fair value of forward contracts designated as cash flow hedges	13,16		(2,870	)		(754	)		(10	)		(4,992	)		(1,396	)		(19	)
Net change in fair value of financial instruments through OCI	7,16		117			(402	)		(6	)		510			(1,242	)		(17	)
			(786	)		3,406			47			(1,776	)		297			4
Total other comprehensive income/ (loss), net of taxes			(426	)		2,227			31			(1,075	)		(408	)		(6	)
Total comprehensive income for the period			21,469			21,083			291			41,644			39,384			543
Profit attributable to:
Equity holders of the Company			21,463			20,971			289			41,590			39,458			544
Non-controlling interest			6			112			2			54			(74	)		(1	)
			21,469			21,083			291			41,644			39,384			543

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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

4

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGE IN EQUITY

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

													Other components of equity
Particulars	No. of Shares*		Share capital, fully paid- up		Share premium		Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves		Equity attributable to the equity holders of the Company			Non-controlling interest		Total equity
As at April 1, 2017		2,430,900,565		4,861		469		490,930			3,555			13,107		5,906			1,476		520,304			2,391		522,695
Total comprehensive income for the period
Profit for the period		—		—		—		42,682			—			—		—			—		42,682			37		42,719
Other comprehensive income		—		—				—			—			2,780		(5,083	)		1,211		(1,092	)		17		(1,075	)
Total comprehensive income for the period		—		—		—		42,682			—			2,780		(5,083	)		1,211		41,590			54		41,644
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		2,715,879		6		1,762		—			(1,746	)		—		—			—		22			—		22
Bonus issue of equity shares		2,433,074,327		4,866		—		(4,866	)		—			—		—			—		—			—		—
Issue of shares by controlled trust on exercise of options		—		—		—		743			(743	)		—		—			—		—			—		—
Compensation cost related to employee share based payment		—		—		—		7			527			—		—			—		534			—		534
Total transactions with owners of the Company		2,435,790,206		4,872		1,762		(4,116	)		(1,962	)		—		—			—		556			—		556
As at September 30, 2017		4,866,690,771		9,733		2,231		529,496			1,593			15,887		823			2,687		562,450			2,445		564,895

5

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGE IN EQUITY

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

													Other components of equity
Particulars	No. of Shares*		Share capital, fully paid- up		Share premium		Retained earnings			Share based payment reserve			Foreign currency translation reserve		Cash flow hedging reserve			Other reserves			Equity attributable to the equity holders of the Company			Non-controlling interest			Total equity
As at April 1, 2018		4,523,784,491		9,048		800		453,265			1,772			16,618		(114	)		1,547			482,936			2,410			485,346
Adjustment on adoption of IFRS 15		—		—		—		(2,279	)		—			—		—			—			(2,279	)		—			(2,279	)
Adjusted balances as at April 1, 2018		4,523,784,491		9,048		800		450,986			1,772			16,618		(114	)		1,547			480,657			2,410			483,067
Total comprehensive income for the period
Profit for the period		—		—		—		40,095			—			—		—			—			40,095			(303	)		39,792
Other comprehensive income		—		—		—		—			—			4,534		(3,224	)		(1,947	)		(637	)		229			(408	)
Total comprehensive income for the period		—		—		—		40,095			—			4,534		(3,224	)		(1,947	)		39,458			(74	)		39,384
Transaction with owners of the Company, recognized directly in equity
Contributions by and distributions to owners of the Company
Issue of equity shares on exercise of options		295,032		^		79		—			(79	)		—		—			—			—			—			—
Issue of shares by controlled trust on exercise of options		—		—		—		317			(317	)		—		—			—			—			—			—
Loss of control in subsidiary		—		—		—		—			—			—		—			—			—			(52	)		(52	)
Infusion of capital		—		—		—		—			—			—		—			—			—			28			28
Compensation cost related to employee share based payment		—		—		—		3			884			—		—			—			887			—			887
Total transactions with owners of the Company		295,032		—		79		320			488			—		—			—			887			(24	)		863
As at September 30, 2018		4,524,079,523		9,048		879		491,401			2,260			21,152		(3,338	)		(400	)		521,002			2,312			523,314
Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)				125		12		6,774			31			292		(46	)		(6	)		7,182			32			7,214

* Includes 24,966,985 and 21,599,198 treasury shares held as at September 30, 2017 and 2018, respectively by a controlled trust.

1,498,018 shares have been transferred by the controlled trust to eligible employees on exercise of options during the period ended September 30, 2018

^ 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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

6

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASHFLOWS

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

	Six months ended September 30,
	2017			2018			2018
							Convenience translation into US dollar in millions (unaudited) Refer Note 2(iii)
Cash flows from operating activities:
Profit for the period		42,719			39,792			549
Adjustments to reconcile profit for the period to net cash generated from operating activities:
(Gain)/ loss on sale of property, plant and equipment and intangible assets, net		(163	)		(51	)		(1	)
Depreciation, amortization and impairment		10,143			8,706			120
Unrealized exchange loss, net		4,152			1,741			24
Share based compensation expense		527			884			12
Share of (profits)/ loss of equity accounted investee		—			33			—
Income tax expense		12,420			11,212			155
Dividend, gain from investments and interest (income)/expenses, net		(11,456	)		(8,038	)		(111	)
Gain from sale of hosted data centre services business and loss of control in subsidiary		—			(2,798	)		(39	)
Other non-cash items		(201	)		—			—
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(4,404	)		(2,766	)		(38	)
Unbilled revenue		(33	)		(3,928	)		(54	)
Inventories		459			(645	)		(9	)
Other assets		520			(6,708	)		(92	)
Trade payables, accrued expenses, other liabilities and provisions		4,234			14,800			204
Unearned revenue		(194	)		6,031			83
Cash generated from operating activities before taxes		58,723			58,265			803
Income taxes paid, net		(11,824	)		(10,869	)		(150	)
Net cash generated from operating activities		46,899			47,396			653
Cash flows from investing activities:
Purchase of property, plant and equipment		(9,622	)		(10,592	)		(146	)
Proceeds from sale of property, plant and equipment		689			1,110			15
Purchase of investments		(400,887	)		(406,594	)		(5,605	)
Proceeds from sale of investments		362,041			400,989			5,528
Proceeds from sale of hosted data centre services business and loss of control in subsidiary, net of related expenses and cash		—			25,834			356
Payment for business acquisitions including deposits and escrow, net of cash acquired		(6,132	)		—			—
Interest received		7,934			11,314			156
Dividend received		319			185			3
Net cash (used)/ generated in investing activities		(45,658	)		22,246			307
Cash flows from financing activities:
Proceeds from issuance of equity shares/shares pending allotment		22			^			^
Repayment of loans and borrowings		(69,887	)		(56,988	)		(786	)
Proceeds from loans and borrowings		70,388			26,691			368
Payment for deferred contingent consideration in respect of business combination		(66	)		(265	)		(4	)
Interest paid on loans and borrowings		(1,454	)		(2,434	)		(34	)
Net cash used in financing activities		(997	)		(32,996	)		(456	)
Net increase in cash and cash equivalents during the period		244			36,646			504
Effect of exchange rate changes on cash and cash equivalents		253			2,082			29
Cash and cash equivalents at the beginning of the period		50,718			40,926			564
Cash and cash equivalents at the end of the period (Note 9)		51,215			79,654			1,097

^ 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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

7

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(₹ in millions, 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, “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, Bangalore – 560 035, Karnataka, India. Wipro has its primary listing with BSE Ltd. (Bombay Stock Exchange) and National Stock Exchange of India Ltd. The Company’s American Depository Shares 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 October 24, 2018.

2. Basis of preparation of interim condensed consolidated financial statements

(i) Statement of compliance and basis of preparation

These interim condensed consolidated financial statements have been prepared in accordance with International Financial Reporting

Standards (IAS) 34, “Interim Financial Reporting” and its interpretations (“IFRS”), 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, 2018. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with 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, 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 as of April 1, 2018, as disclosed in note 3 below.

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 or loss;

c. The defined benefit asset/ (liability) is recognized as the present value of defined benefit obligation less fair 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 six months ended September 30, 2018, have been translated into United States dollars at the certified foreign exchange rate of US$1 = ₹ 72.54 as published by Federal Reserve Board of Governors on September 30, 2018. 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.

8

(iv) Use of estimates and judgment

The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires 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. Revisions 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:

a) Revenue recognition: The Company applies judgement to determine whether each product or services promised to a customer are capable of being distinct, and are distinct in the context of the contract, if not, the promised product or services are 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 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 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 productivity efficiencies. Because the financial reporting of these contracts depends on estimates that are assessed continually during the term of these contracts, recognized revenue and profit 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 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 infinite useful life recognized on business combination are tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of the asset or the cash generating unit to which these pertain is less than the carrying value. The recoverable amount of the asset or the cash generating units is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of a cash generating unit involves use of significant estimates and assumptions which includes 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 America. Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be resolved over extended time periods.

d) Deferred taxes: Deferred tax is recorded on temporary differences between the tax bases of assets and liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carry-forwards become deductible. The Company considers the expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of the deferred tax assets considered realizable, however, could be reduced 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 whether an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets (including useful life estimates) and liabilities acquired, and contingent 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 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 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 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 these assumptions. All assumptions are reviewed at each reporting date.

9

g) Expected credit losses on financial assets: The impairment provisions of financial assets are based on assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based on the Company’s history of collections, customer’s credit-worthiness, 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 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 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 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 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 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) Other estimates: The share based compensation expense is determined based on 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 forecast transaction.

3. Significant accounting policies

Please refer to the Company’s Annual report for the year ended March 31, 2018, for a discussion of the Company’s other critical accounting policies.

On April 1, 2018, we adopted IFRS 15, “Revenue from Contracts with Customers”. Accordingly, the policy for Revenue as presented in the Company’s Annual Report is amended as under:

Revenue

The Company derives revenue primarily from software development, maintenance of software/hardware and related services, business process services, sale of IT and other products.

Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. To recognize revenues, we apply the following five step approach: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenues when a performance obligation is satisfied.

At contract inception, the Company assesses its promise to transfer products or services to a customer to identify separate performance obligations. The Company applies judgement to determine whether each product or services promised to a customer are capable of being distinct, and are distinct in the context of the contract, if not, the promised product or services are combined and accounted as a single performance obligation. The Company allocates the arrangement consideration to separately identifiable performance obligation based on their relative stand-alone selling price or residual method. Stand-alone selling prices are determined based on sale prices for the components when it is regularly sold separately, in cases where the Company is unable to determine the stand-alone selling price the Company uses third-party prices for similar deliverables or the company uses expected cost plus margin approach in estimating the stand-alone selling price.

For performance obligations where control is transferred over time, revenues are recognized by measuring progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is based on the nature of the promised products or services to be provided.

10

The method for recognizing revenues and costs depends on the nature of the services rendered:

A. Time and materials contracts

Revenues and costs relating to time and materials, transaction-based or volume-based contracts are recognized as the related services are rendered.

B. Fixed-price development contracts

Revenues from fixed-price contracts, including software development, and integration contracts, where the performance obligations are satisfied over time, are recognized using the “percentage-of-completion” method. Percentage of completion is determined based on project costs incurred to date as a percentage of total estimated project costs required to complete the project. The cost expended (or input) method has been used to measure progress towards completion as there is a direct relationship between input and productivity. If the Company is not able to reasonably measure the progress of completion, revenue is recognized only to the extent of costs incurred for which recoverability is probable. When total cost estimates exceed revenues in an arrangement, the estimated losses are recognized in the consolidated statement of income in the period in which such losses become probable based on the current contract estimates as an onerous contract provision.    

A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets primarily relate to unbilled amounts on fixed-price development contracts and are classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones.

A contract liability is an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer.

Unbilled revenue on other than fixed price development contracts are classified as a financial asset where the right to consideration is unconditional upon passage of time

C. Maintenance contracts

Revenues related to fixed-price maintenance, testing and business process services are recognized based on our right to invoice for services performed for contracts in which the invoicing is representative of the value being delivered. If our invoicing is not consistent with value delivered, revenues are recognized as the service is performed using the percentage of completion method. When services are performed through an indefinite number of repetitive acts over a specified period, revenue is recognized on a straight-line basis over the specified period unless some other method better represents the stage of completion.

In certain projects, a fixed quantum of service or output units is agreed at a fixed price for a fixed term. In such contracts, revenue is recognized with respect to the actual output achieved till date as a percentage of total contractual output. Any residual service unutilized by the customer is recognized as revenue on completion of the term.

D. Products

Revenue on product sales are recognized when the customer obtains control of the specified asset.

E. Others

• Any change in scope or price is considered as a contract modification. The Company accounts for modifications to existing contracts by assessing whether the services added are distinct and whether the pricing is at the standalone selling price. Services added that are not distinct are accounted for on a cumulative catch up basis, while those that are distinct are accounted for prospectively, either as a separate contract if the additional services are priced at the standalone selling price, or as a termination of the existing contract and creation of a new contract if not priced at the standalone selling price.

• The Company accounts for variable considerations like, volume discounts, rebates and pricing incentives to customers as reduction of revenue on a systematic and rational basis over the period of the contract. The Company estimates an amount of such variable consideration using expected value method or the single most likely amount in a range of possible consideration depending on which method better predicts the amount of consideration to which we may be entitled.

• Revenues are shown net of allowances/ returns sales tax, value added tax, goods and services tax and applicable discounts and allowances. Revenue includes excise duty.

• The Company accrues the estimated cost of warranties at the time when the revenue is recognized. The accruals are based on the Company’s historical experience of material usage and service delivery costs.

11

• Incremental costs that relate directly to a contract and incurred in securing a contract with a customer are recognized as an asset when the Company expects to recover these costs and amortized over the contract term.

• The Company recognizes contract fulfilment cost as an asset if those costs specifically relate to a contract or to an anticipated contract, the costs generate or enhance resources that will be used in satisfying performance obligations in future; and the costs are expected to be recovered. The asset so recognized is amortized on a systematic basis consistent with the transfer of goods or services to customer to which the asset relates.

• The Company assesses the timing of the transfer of goods or services to the customer as compared to the timing of payments to determine whether a significant financing component exists. As a practical expedient, the Company does not assess the existence of a significant financing component when the difference between payment and transfer of deliverables is a year or less. If the difference in timing arises for reasons other than the provision of finance to either the customer or us, no financing component is deemed to exist.

• The Company may enter into arrangements with third party suppliers to resell products or services. In such cases, we evaluate whether we are the principal (i.e. report revenues on a gross basis) or agent (i.e. report revenues on a net basis). In doing so, we first evaluate whether we control the good or service before it is transferred to the customer. If we control the good or service before it is transferred to the customer, we are the principal; if not, we are the agent.

New Accounting standards adopted by the Company:

The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended March 31, 2018, except for the adoption of amendments and interpretations effective as of April 1, 2018.

IFRS 15 – Revenue from Contracts with Customers.

On April 1, 2018, we adopted IFRS 15, “Revenue from Contracts with Customers” using the cumulative catch-up transition method applied to contracts that were not completed as of April 1, 2018. In accordance with the cumulative catch-up transition method, the comparatives have not been retrospectively adjusted.

The adoption of the new standard has resulted in a reduction of ₹ 2,279 in opening retained earnings, primarily relating to certain contract costs because these do not meet the criteria for recognition as costs to fulfil a contract.

On account of adoption of IFRS 15, unbilled revenues pertaining to fixed price development contracts of ₹ 18,573 as at September 30, 2018 has been considered as non-financial Contract assets, which are billable on completion milestones specified in the contracts.

Unbilled revenues ₹ 28,685, which are billable based on passage of time been classified as unbilled receivables.

The adoption of IFRS 15, did not have any material impact on the consolidated statement of income for three and six months ended September 30, 2018.

Disclosure on disaggregation of revenues and remaining performance obligations will be included in the annual financial statement for the year ending March 31, 2019.

IFRIC 22- Foreign currency transactions and Advance consideration

The Company has applied IFRIC 22 prospectively effective April 1, 2018. The effect on adoption of IFRIC 22 on the consolidated financial statements is insignificant.

New accounting standards not yet adopted:

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2018, 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 consolidated financial statements of the Company are:

12

IFRS 16 – Leases

On January 13, 2016, the International Accounting Standards Board issued IFRS 16, Leases. IFRS 16 will replace the existing leases Standard, IAS 17 Leases, and related interpretations. The standard sets out the principles for the recognition, measurement, presentation and disclosure of leases. IFRS 16 introduces a single lessee accounting model and requires a lessee to recognized assets and liabilities for all leases with a term of more than 12 months, unless the underlying asset is of low value. The Standard also contains enhanced disclosure requirements for lessees. The effective date for adoption of IFRS 16 is annual periods beginning on or after January 1, 2019, though early adoption is permitted for companies applying IFRS 15 Revenue from Contracts with Customers. The Company does not plan to early adopt IFRS 16 and is currently assessing the impact of adopting IFRS 16 on the Company’s consolidated financial statements.

IFRIC 23 – Uncertainty over Income Tax treatments

On June 7, 2017, the International Accounting Standards Board issued IFRIC 23 which clarifies the accounting for uncertainties in income taxes. The interpretation is to be applied to the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is uncertainty over income tax treatments under IAS 12. It outlines the following: (1) the entity has to use judgement, to determine whether each tax treatment should be considered separately or whether some can be considered together. The decision should be based on the approach which provides better predictions of the resolution of the uncertainty (2) entity has to consider the probability of the relevant taxation authority accepting the tax treatment and the determination of taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and tax rates would depend upon the probability. The effective date for adoption of IFRIC 23 for annual periods beginning on or after January 1, 2019, though early adoption is permitted. The Company does not plan to early adopt IFRIC 23 and is currently assessing the impact of adopting IFRIC 23 on the Company’s consolidated financial statements.

Amendment to IAS 19 – Plan Amendment, Curtailment or Settlement

On 7 February 2018, the International Accounting Standard Board has issued amendments to IAS 19, ‘Employee Benefits’, in connection with accounting for plan amendments, curtailments and settlements requiring an entity to determine the current service costs and the net interest for the period after the remeasurement using the assumptions used for the remeasurement; and determine the net interest for the remaining period based on the remeasured net defined benefit liability or asset. These amendments are effective for annual reporting periods beginning on or after January 1, 2019, with early application permitted. The Company does not plan to early adopt and is currently assessing the impact of adopting amendment to IAS 19 on the Company’s consolidated financial statements.

Amendment to IAS 12 – Income Taxes

In December 2017, the International Accounting Standard Board had issued amendments to IAS 12 – Income Taxes. The amendments clarify that an entity shall recognize the income tax consequences of dividends on financial instruments classified as equity should be recognized according to where the entity originally recognized those past transactions or events that generated distributable profits were recognized. The effective date of these amendments is annual periods beginning on or after January 1, 2019, though earlier adoption is permitted. The Company does not plan to early adopt this amendment and is currently assessing the impact of these amendment on the consolidated financial statements.

13

4. Property, plant and equipment

	Land			Buildings			Plant and machinery *			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2017	₹	3,814		₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Translation adjustment		20			191			899			127			4			1,241
Additions/ adjustments		—			712			4,971			955			977			7,615
Acquisition through business combinations		—			—			4			3			1			8
Disposals/ adjustments		—			(79	)		(2,597	)		(405	)		(183	)		(3,264	)
As at September 30, 2017	₹	3,834		₹	28,405		₹	112,244		₹	16,428		₹	1,231		₹	162,142
Accumulated depreciation/ impairment:
As at April 1, 2017		—		₹	6,361		₹	77,005		₹	11,968		₹	365		₹	95,699
Translation adjustment		—			39			530			67			1			637
Depreciation		—			534			7,045			651			179			8,409
Disposals/ adjustments		—			(27	)		(2,199	)		(331	)		(181	)		(2,738	)
As at September 30, 2017	₹	—		₹	6,907		₹	82,381		₹	12,355		₹	364		₹	102,007
Capital work-in-progress																₹	11,668
Net carrying value including Capital work-in-progress as at September 30, 2017																₹	71,803
Gross carrying value:
As at April 1, 2017	₹	3,814		₹	27,581		₹	108,967		₹	15,748		₹	432		₹	156,542
Translation adjustment		28			265			904			188			2			1,387
Additions/ adjustments		2			1,197			11,767			1,776			1,003			15,745
Acquisition through business combinations		—			13			4			11			1			29
Disposals/ adjustments		—			(190	)		(7,302	)		(872	)		(294	)		(8,658	)
Assets reclassified as held for sale		(207	)		(3,721	)		(27,118	)		(1,079	)		(5	)		(32,130	)
As at March 31, 2018	₹	3,637		₹	25,145		₹	87,222		₹	15,772		₹	1,139		₹	132,915
Accumulated depreciation/ impairment:
As at April 1, 2017		—			6,361			77,005			11,968			365		₹	95,699
Translation adjustment		—			49			509			104			—			662
Depreciation		—			1,023			14,078			1,381			387			16,869
Disposals/ adjustments		—			(70	)		(6,640	)		(758	)		(242	)		(7,710	)
Assets reclassified as held for sale		—			(1,539	)		(19,627	)		(712	)		(4	)		(21,882	)
As at March 31, 2018	₹	—		₹	5,824		₹	65,325		₹	11,983		₹	506		₹	83,638
Capital work-in-progress																₹	15,680
Assets reclassified as held for sale																	(514	)
Net carrying value including Capital work-in-progress as at March 31, 2018																₹	64,443
Gross carrying value:
As at April 1, 2018	₹	3,637		₹	25,145		₹	87,222		₹	15,772		₹	1,139		₹	132,915
Translation adjustment		5			96			1,962			143			(3	)		2,203
Additions/ adjustments		68			358			6,113			1,032			1			7,572
Disposals/ adjustments		—			(217	)		(2,225	)		(625	)		(48	)		(3,115	)
As at September 30, 2018	₹	3,710		₹	25,382		₹	93,072		₹	16,322		₹	1,089		₹	139,575
Accumulated depreciation/ impairment:
As at April 1, 2018		—		₹	5,824		₹	65,325		₹	11,983		₹	506		₹	83,638
Translation adjustment		—			41			1,245			89			(1	)		1,374
Depreciation		—			498			5,556			654			172			6,880
Disposals/ adjustments		—			(84	)		(1,536	)		(409	)		(27	)		(2,056	)
As at September 30, 2018	₹	—		₹	6,279		₹	70,590		₹	12,317		₹	650		₹	89,836
Capital work-in-progress																₹	18,631
Net carrying value including Capital work-in-progress as at September 30, 2018																₹	68,370

* Includes computer equipment and software.

14

5. Goodwill and intangible assets

The movement in goodwill balance is given below:

	For the period ended
	March 31, 2018			September 30, 2018
Balance at the beginning of the year	₹	125,796		₹	117,584
Translation adjustment		2,970			10,442
Acquisition through business combination		1,172			—
Assets reclassified as held for sale		(12,354	)		—
Balance at the end of the period	₹	117,584		₹	128,026

The movement in intangible assets is given below:

	Intangible assets
	Customer related		Marketing related		Total
Gross carrying value:
As at April 1, 2017	₹	20,528	₹	6,279	₹	26,807
Translation adjustment		626		98		724
Acquisition through business combinations		5,434		169		5,603
As at September 30, 2017	₹	26,588	₹	6,546	₹	33,134
Accumulated amortization/ impairment:
As at April 1, 2017	₹	9,264	₹	1,621	₹	10,885
Translation adjustment		4		10		14
Amortization and impairment		1,113		551		1,664
As at September 30, 2017	₹	10,381	₹	2,182	₹	12,563
Net carrying value as at September 30, 2017	₹	16,207	₹	4,364	₹	20,571
Gross carrying value:
As at April 1, 2017	₹	20,528	₹	6,279	₹	26,807
Translation adjustment		493		103		596
Acquisition through business combinations		5,565		169		5,734
As at March 31, 2018	₹	26,586	₹	6,551	₹	33,137
Accumulated amortization/ impairment:
As at April 1, 2017	₹	9,264	₹	1,621	₹	10,885
Translation adjustment		14		11		25
Amortization and impairment *		2,985		1,129		4,114
As at March 31, 2018	₹	12,263	₹	2,761	₹	15,024
Net carrying value as at March 31, 2018	₹	14,323	₹	3,790	₹	18,113
Gross carrying value:
As at April 1, 2018	₹	26,586	₹	6,551	₹	33,137
Translation adjustment		1,419		538		1,957
Acquisition through business combinations		—		—		—
As at September 30, 2018	₹	28,005	₹	7,089	₹	35,094
Accumulated amortization/ impairment:
As at April 1, 2018	₹	12,263	₹	2,761	₹	15,024
Translation adjustment		126		184		310
Amortization and impairment		1,165		568		1,733
As at September 30, 2018	₹	13,554	₹	3,513	₹	17,067
Net carrying value as at September 30, 2018	₹	14,451	₹	3,576	₹	18,027

* Includes impairment charge on certain intangible assets recognized on acquisitions, amounting to ₹ 643 for the year ended March 31, 2018.

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

15

6. Business combination

Summary of material acquisitions during the year ended March 31, 2018 is given below:

During the year ended March 31, 2018, the Company has completed four business combinations (which both individually and in aggregate are not material) for a total consideration of ₹ 6,924 millions. These transactions include (a) an acquisition of IT service provider which is focused on Brazilian markets, (b) an acquisition of a design and business strategy consultancy firm based in United States, and (c) acquisition of intangible assets, assembled workforce and a multi-year service agreement which qualify as business combinations.

During the year ended March 31, 2018, the Company concluded the fair value adjustments of the assets acquired and liabilities assumed on acquisition.

The following table presents the provisional allocation of purchase price:

Description	Purchase price allocated
Net assets	₹	5
Customer related intangibles		5,565
Other intangible assets		169
Total	₹	5,739
Goodwill		1,185
Total purchase price	₹	6,924

The goodwill of ₹ 1,185 comprises value of acquired workforce and expected synergies arising from the acquisition. The goodwill was allocated among the reportable operating segments and is partially deductible for U.S. federal income tax purpose.

Net assets acquired include ₹ 58 of cash and cash equivalents and trade receivables valued at ₹ 215.

7. Investments

Investments consist of the followings:    

	As at
	March 31, 2018		September 30, 2018
Financial instruments at FVTPL
Investments in liquid and short-term mutual funds	₹	46,438	₹	30,200
Financial instruments at FVTOCI
Equity instruments		5,685		7,494
Commercial paper, Certificate of deposits and bonds		176,234		212,662
Financial instruments at amortized cost
Inter corporate and term deposits *		28,405		5,953
	₹	256,762	₹	256,309
Non-current		7,668		7,494
Current		249,094		248,815

* These deposits earn a fixed rate of interest. Term deposits include deposits in lien with banks amounting to ₹ 448 (March 31, 2018: ₹ 453).

Investment in equity accounted investee

The Company has no material associates as at September 30, 2018.

8. Inventories    

Inventories consist of the following:    

	As at
	March 31, 2018		September 30, 2018
Stores and spare parts	₹	769	₹	712
Finished goods and traded goods		2,601		3,348
	₹	3,370	₹	4,060

16

9. Cash and cash equivalents

Cash and cash equivalents as at March 31, 2018 and September 30, 2018 consists of cash and balance on deposit with banks. Cash and cash equivalents consists of the followings:

	As at
	March 31, 2018		September 30, 2018
Cash and bank balances	₹	23,300	₹	56,158
Demand deposits with banks *		21,625		23,660
	₹	44,925	₹	79,818

* 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 consists of the following for the purpose of the cash flow statement:    

	Six months ended September 30,
	2017			2018
Cash and cash equivalents	₹	51,412		₹	79,818
Bank overdrafts		(197	)		(164	)
	₹	51,215		₹	79,654

10. Other assets

	As at
	March 31, 2018			September 30, 2018
Non-current
Financial asset
Security deposits	₹	1,197		₹	1,442
Other deposits		250			339
Finance lease receivables		2,739			2,337
	₹	4,186		₹	4,118
Non-Financial asset
Prepaid expenses including rentals for leasehold land	₹	7,602		₹	7,060
Costs to obtain contract		281		₹	4,319
Others		4,187			4,730
Assets reclassified as held for sale		(530	)		—
	₹	11,540		₹	16,109
Other non-current assets	₹	15,726		₹	20,227
Current
Financial asset
Security deposits	₹	1,238		₹	1,067
Other deposits		59			35
Due from officers and employees		697			678
Finance lease receivables		2,271			2,161
Others		3,164			2,634
	₹	7,429		₹	6,575
Non-Financial asset
Prepaid expenses	₹	14,407		₹	11,489
Due from officers and employees		1,175			1,084
Advance to suppliers		1,819			2,005
Deferred contract costs		2,419			—
Balance with excise, customs and other authorities		3,886			5,125
Costs to obtain contract		792			799
Others		50			73
Assets reclassified as held for sale		(1,381	)		—
	₹	23,167		₹	20,575
Other current assets	₹	30,596		₹	27,150
Total	₹	46,322		₹	47,377

17

11. Loans and borrowings    

A summary of loans and borrowings is as follows:    

	As at
	March 31, 2018			September 30, 2018
Borrowings from banks	₹	119,689		₹	111,215
Bank overdrafts		3,999			164
External commercial borrowings		9,777			—
Obligations under finance leases		5,442			3,032
Loans from institutions other than bank		821			644
Liabilities directly associated with assets held for sale		(1,469	)		—
	₹	138,259		₹	115,055
Non-current		45,268			52,329
Current		92,991			62,726

12. Other liabilities and provisions    

	As at
	March 31, 2018			September 30, 2018
Other liabilities
Non-current
Financial liabilities
Deposits and others	₹	7		₹	—
	₹	7		₹	—
Non-Financial liabilities
Employee benefits obligations	₹	1,791		₹	2,167
Others		2,440			2,521
Liabilities directly associated with assets held for sale		(8	)		—
	₹	4,223		₹	4,688
Other non-current liabilities	₹	4,230		₹	4,688
Current
Financial liabilities
Deposits and others	₹	1,050		₹	674
	₹	1,050		₹	674
Non-Financial liabilities
Statutory and other liabilities	₹	4,263		₹	4,477
Employee benefits obligations		8,537			9,905
Advance from customers		1,901			1,222
Others		1,139			1,229
Liabilities directly associated with assets held for sale		(277	)		—
	₹	15,563		₹	16,833
Other current liabilities	₹	16,613		₹	17,507
Total	₹	20,843		₹	22,195

	As at
	March 31, 2018		September 30, 2018
Provisions
Non-current
Provision for warranty	₹	3	₹	2
	₹	3	₹	2
Current
Provision for warranty	₹	290	₹	280
Others		506		492
	₹	796	₹	772
	₹	799	₹	774

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 indirect tax related contingencies and litigations. The timing of cash outflows in respect of such provision cannot be reasonably determined.

18

13. 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, 2018						September 30, 2018
	Notional			Fair value			Notional			Fair value
Designated derivatives instruments
Sell : Forward contracts		USD	904	₹	951			USD	426	₹	(1,914	)
		€	134	₹	(531	)		€	40	₹	(31	)
		£	147	₹	(667	)		£	67	₹	(167	)
		AUD	77	₹	29			AUD	62	₹	75
Range forward options contracts		USD	182	₹	5			USD	751	₹	(2,552	)
		£	13	₹	5			£	82	₹	126
		€	10	₹	2			€	106	₹	156
		AUD	—		—			AUD	52	₹	3
Interest rate swaps		USD	75	₹	(7	)		USD	75	₹	24
Non-designated derivatives instruments
Sell : Forward contracts		USD	939	₹	(360	)		USD	1,028	₹	(1,299	)
		€	58	₹	6			€	39	₹	37
		£	95	₹	(56	)		£	69	₹	8
		AUD	77	₹	68			AUD	64	₹	19
		SGD	6	₹	(1	)		SGD	11	₹	3
		ZAR	132	₹	(16	)		ZAR	70	₹	24
		CAD	14	₹	32			CAD	25	₹	(1	)
		SAR	62		^			SAR	93		^
		AED	8		^			AED	17		^
		PLN	36	₹	12			PLN	57	₹	1
		CHF	6	₹	3			CHF	12	₹	10
		QAR	11	₹	(3	)		QAR	37	₹	(13	)
		TRY	10	₹	8			TRY	18	₹	37
		MXN	61	₹	(6	)		MXN	—		—
		NOK	34	₹	3			NOK	31		^
		OMR	3	₹	(1	)		OMR	2	₹	(1	)
		SEK	—		—			SEK	20		1
Range forward options contracts		USD	50	₹	(6	)		USD	187	₹	(240	)
		£	20	₹	(2	)		£	—		—
		AUD	—		—			AUD	10	₹	(1	)
		€	—		—			€	21	₹	(17	)
		£	—		—			£	38	₹	(13	)
Buy : Forward contracts		USD	575	₹	(417	)		USD	634	₹	3,057
		JPY	399	₹	6			JPY	—		—
		MXN	—		—			MXN	10		^
		DKK	9	₹	(1	)		DKK	72	₹	(9	)
				₹	(944	)				₹	(2,677	)

^ Value in less than ₹ 1.

19

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

	Six months ended September 30,
	2017			2018
Balance as at the beginning of the period	₹	7,325		₹	(143	)
Deferred cancellation gain/ (loss), net		(2	)		10
Changes in fair value of effective portion of derivatives		(1,030	)		(5,275	)
Net gain/ (loss) reclassified to interim condensed consolidated statement of income on occurrence of hedged transactions		(5,290	)		1,239
Gain/ (loss) on cash flow hedging derivatives, net	₹	(6,322	)	₹	(4,026	)
Balance as at the end of the period		1,003			(4,169	)
Deferred tax thereon		(180	)		831
Balance as at the end of the period, net of deferred tax	₹	823		₹	(3,338	)

As at March 31, 2018, September 30, 2017 and 2018, 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.

14. Fair value

Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled revenues, finance lease receivables, employee and other advances and eligible current and non-current assets, long and short-term loans and borrowings, finance lease payables, bank overdrafts, trade payable, eligible current liabilities and non-current liabilities.

The fair value of cash and cash equivalents, trade receivables, unbilled revenues, borrowings, trade payables, 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 that are overdue 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, 2018 and September 30, 2018, 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).

20

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

	As at March 31, 2018										As at September 30, 2018
Particular	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		1,139			—		1,139			—		528			—		528			—
Others		134			—		134			—		3,282			—		3,282			—
Investments:
Investment in liquid and short-term mutual funds		46,438			46,438		—			—		30,200			30,200		—			—
Investment in equity instruments		5,685			—		—			5,685		7,494			—		518			6,976
Commercial paper, Certificate of deposits and bonds		176,234			1,951		174,283			—		212,662			1,890		210,772			—
Liabilities
Derivative instruments:
Cash flow hedges		(1,276	)		—		(1,276	)		—		(4,701	)		—		(4,701	)		—
Others		(941	)		—		(941	)		—		(1,786	)		—		(1,786	)		—

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 counter-parties, 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 September 30, 2018, 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 commercial papers, 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.

Details of assets and liabilities considered under Level 3 classification
	Investment in			Derivative Assets -			Liabilities - Contingent
	equity instruments			others			consideration
Balance as at April 1, 2017	₹	5,303		₹	426		₹	(339	)
Additions		1,851			—			—
Payouts		—			—			164
Transferred to investment in equity accounted investee		(357	)		—			—
Gain/loss recognized in interim condensed consolidated statement of income		—			(426	)		167
Gain/loss recognized in foreign currency translation reserve		53			—			(32	)
Gain/loss recognized in other comprehensive income		(1,165	)		—			—
Finance expense recognized in interim condensed consolidated statement of income		—			—			40
Balance as at March 31, 2018	₹	5,685		₹	—			—
Balance as at April 1, 2018	₹	5,685		₹	—		₹	—
Additions		2,469			—			—
Transfers out of level 3		(647	)		—			—
Gain/(loss) recognized in foreign currency translation reserve		510			—			—
Gain/(loss) recognized in other comprehensive income		(1,041	)		—			—
Balance as at September 30, 2018	₹	6,976		₹	—		₹	—

21

15. Foreign currency translation reserve

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

	Six months ended September 30,
	2017			2018
Balance at the beginning of the period	₹	13,107		₹	16,618
Translation difference related to foreign operations, net		2,844			8,952
Reclassification of foreign currency translation differences to profit and loss on sale of hosted data center services business		—			(4,131	)
Change in effective portion of hedges of net investment in foreign operations		(64	)		(287	)
Total change during the period		2,780			4,534
Balance at the end of the period	₹	15,887		₹	21,152

16. Income taxes

Income tax expenses has been allocated as follows:

	Three months ended September 30,						Six months ended September 30,
	2017			2018			2017			2018
Income tax expense as per the interim condensed consolidated statement of income	₹	6,426		₹	5,347		₹	12,420		₹	11,212
Income tax included in Other comprehensive income on:
Unrealized gains/ (losses) on investment securities		55			(329	)		266			(734	)
Gains/(losses) on cash flow hedging derivatives		(363	)		(564	)		(1,239	)		(802	)
Defined benefit plan actuarial gains/(losses)		28			26			196			116
	₹	6,146		₹	4,480		₹	11,643		₹	9,792

Income tax expenses consists of the following:

	Three months ended September 30,					Six months ended September 30,
	2017		2018			2017		2018
Current taxes
Domestic	₹	4,790	₹	4,103		₹	8,904	₹	8,337
Foreign		1,260		1,860			2,536		3,584
		6,050		5,963			11,440		11,921
Deferred taxes
Domestic		54		(298	)		860		(541	)
Foreign		322		(318	)		120		(168	)
		376		(616	)		980		(709	)
	₹	6,426	₹	5,347		₹	12,420	₹	11,212

Income tax expense are net of reversal of provisions pertaining to earlier periods, amounting to (₹ 132) and ₹ 454 for the three months ended September 30, 2017 and 2018, respectively and ₹ 354 and ₹ 137 the six months ended September 30, 2017 and 2018, respectively.

17. Revenue

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Rendering of services	₹	130,984	₹	142,060	₹	260,183	₹	277,627
Sales of products		3,250		3,350		10,312		7,560
	₹	134,234	₹	145,410	₹	270,495	₹	285,187

22

18. Expenses by nature

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Employee compensation	₹	67,612	₹	74,216	₹	135,054		146,258
Sub-contracting/ technical fees		21,503		24,318		41,750		46,761
Cost of hardware and software		2,901		3,115		9,691		7,342
Travel		4,536		4,172		8,902		8,617
Facility expenses		5,129		5,314		10,142		11,148
Depreciation, amortization and impairment		5,200		4,370		10,143		8,707
Communication		1,297		1,133		2,621		2,453
Legal and professional fees		1,043		1,278		2,144		2,449
Rates, taxes and insurance		567		96		1,051		509
Marketing and brand building		698		565		1,492		1,274
Lifetime expected credit loss and provision for deferred contract cost		346		904		872		2,043
Miscellaneous expenses *		814		6,799		2,305		8,490
Total cost of revenues, selling and marketing expenses and general and administrative expenses	₹	111,646	₹	126,280	₹	226,167	₹	246,051

* Miscellaneous expenses for the period three months and six months ended September 30, 2018, includes an amount of ₹ 5,141 ($ 75) paid to National Grid on settlement of a legal claim against the Company.

19. Finance expense

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Interest expense	₹	757	₹	1,127	₹	1,580	₹	2,336
Exchange fluctuation on foreign currency borrowings, net		677		442		1,455		882
	₹	1,434	₹	1,569	₹	3,035	₹	3,218

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

	Three months ended September 30,						Six months ended September 30,
	2017			2018			2017			2018
Interest income	₹	4,787		₹	4,610		₹	9,295		₹	9,066
Dividend income		148			94			319			185
Net gain from investments classified as FVTPL		610			421			1,455			984
Net gain from investments classified as FVOCI		1,164			11			1,967			98
Finance and other income	₹	6,709		₹	5,136		₹	13,036		₹	10,333
Foreign exchange gains/(losses), net on financial instrument measured at FVTPL		(679	)		(3,540	)		(519	)		(4,503	)
Other Foreign exchange gains/(losses), net		1,132			4,757			1,325			6,491
Foreign exchange gains/(losses), net	₹	453		₹	1,217		₹	806		₹	1,988
	₹	7,162		₹	6,353		₹	13,842		₹	12,321

23

21. Earnings per equity share

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

Basic: Basic earnings per 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 September 30,				Six months ended September 30,
	2017		2018		2017		2018
Profit attributable to equity holders of the Company	₹	21,917	₹	18,889	₹	42,682	₹	40,095
Weight average number of equity shares outstanding		4,845,485,149		4,503,556,411		4,844,289,024		4,503,618,086
Basic earnings per share	₹	4.52	₹	4.19	₹	8.81	₹	8.90

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. 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.

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Profit attributable to equity holders of the Company	₹	21,917	₹	18,889	₹	42,682	₹	40,095
Weight average number of equity shares outstanding		4,845,485,149		4,503,556,411		4,844,289,024		4,503,618,086
Effect of dilutive equivalent share options		7,507,397		9,896,226		8,051,200		9,915,378
Weight average number of equity shares for diluted earnings per share		4,852,992,546		4,513,452,637		4,852,340,224		4,513,533,464
Diluted earnings per share	₹	4.52	₹	4.19	₹	8.80	₹	8.89

22. Employee benefits

a) Employee costs includes

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Salaries and bonus	₹	65,160	₹	71,680	₹	130,217	₹	141,112
Employee benefits plans
Gratuity and other defined benefit plans		244		268		557		595
Defined contribution plans		1,935		1,827		3,753		3,667
Share based compensation		273		441		527		884
	₹	67,612	₹	74,216	₹	135,054	₹	146,258

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

	Three months ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
Cost of revenues	₹	57,099	₹	62,272	₹	113,777	₹	122,445
Selling and marketing expenses		6,741		7,800		13,759		15,453
General and administrative expenses		3,772		4,144		7,518		8,360
	₹	67,612	₹	74,216	₹	135,054	₹	146,258

The Company has granted 2,965,000 and 2,965,000 options under RSU option plan during the three and six months ended September 30, 2018, respectively (3,041,800 and 3,056,800 for the three and six months ended September 30, 2017); 2,851,000 and 2,901,000 options under ADS option plan during the three and six months ended September 30, 2018, respectively (2,623,400 and 2,708,400 for three and six months ended September 30, 2017).

The Company has also granted 1,567,000 and 1,567,000 Performance based stock options (RSU) during the three and six months ended September 30, 2018, respectively (Nil and 1,097,600 for the three and six months ended September 30, 2017); 1,673,000 and 1,673,000 Performance based stock options (ADS) during the three and six months ended September 30, 2018, respectively (1,113,600 and 1,113,600 for three and six months ended September 30, 2017).

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).

24

23. Commitments and contingencies

Capital commitments: As at March 31, 2018 and September 30, 2018 the Company had committed to spend approximately ₹ 13,091 and ₹ 15,958 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, 2018 and September 30, 2018, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately ₹ 21,546 and ₹ 21,733 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 (Act) in respect of profit earned by the Company’s undertaking in Software Technology Park at Bangalore. 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, 2008. 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, 2004. Department has filed a Special Leave Petition (SLP) before the Supreme Court of India for the year ended March 31, 2001 to March 31, 2004.

On similar issues for years up to March 31, 2000, the Hon’ble High Court of Karnataka has upheld the claim of the Company under section 10A of the Act. For the year ended March 31, 2009, the appeals are pending before Income Tax Appellate Tribunal (ITAT). For years ended March 31, 2010 and March 31, 2011, the Dispute Resolution Panel (DRP) allowed the claim of the Company under section 10A of the Act. The Income tax authorities have filed an appeal before the ITAT.

For year ended March 31, 2013, the Company received the final assessment order in November 2017 with a demand of ₹ 3,286 (including interest of ₹ 1,166), arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. The Company has filed an appeal before Hon’ble ITAT, Bengaluru within the prescribed timelines.

For year ended March 31, 2014, the Company received the final assessment order in September 2018 with a demand of ₹ 1,030, arising primarily on account of section 10AA issues with respect to exclusion from Export Turnover. The Company will contest the demand before Hon’ble ITAT within the prescribed timelines.

Income tax demands against the Company amounting to ₹ 101,440 and ₹ 94,242 are not acknowledged as debt as at March 31, 2018 and September 30, 2018, 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 amounts to ₹ 7,745 and ₹ 8,266 as of March 31, 2018 and September 30, 2018. 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.

24. Segment information

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

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. Effective April 1, 2018, consequent to change in organization structure, the Company reorganized its industry verticals. The Manufacturing (MFG) and Technology Business unit (TECH) are split from the former Manufacturing & Technology (MNT) business unit.

The revised industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU) previously known as Health Care and Life Sciences Business unit (HLS), 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.

25

Comparative information has been restated to give effect to the above changes.

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.

The Chairman and Managing Director 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 September 30, 2017, is as follows:    

	IT Services																IT Products		Reconciling Items
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total						Total
Revenue		36,349		17,989		20,989		17,769		18,515		11,495		8,583		131,689		2,988		10		134,687
Segment Result		6,055		2,698		3,244		3,435		3,748		1,652		1,147		21,979		88		169		22,236
Unallocated																805		—		—		805
Segment Result
Total																22,784		88		169		23,041
Finance expense																						(1,434	)
Finance and other income																						6,709
Share of profit/(loss) of equity accounted investee																						5
Profit before tax																						28,321
Income tax expense																						(6,426	)
Profit for the period																						21,895
Depreciation and amortization																						5,200

Information on reportable segment for the three months ended September 30, 2018, is as follows:

	IT Services																	IT Products			Reconciling Items
	BFSI		Health BU		CBU		ENU			TECH		MFG		COMM		Total								Total
Revenue		44,105		18,364		23,532		18,239			19,581		11,732		8,220		143,773		2,876			(22	)		146,627
Other operating income		—		—		—		—			—		—		—		269		—			—			269
Segment Result		7,725		2,659		4,156		(2,084	)		4,644		2,247		1,070		20,417		(426	)		46			20,037
Unallocated																	310		—			—			310
Segment Result
Total																	20,996		(426	)		46			20,616
Finance expense																									(1,569	)
Finance and other income																									5,136
Share of profit/(loss) of equity accounted investee																									20
Profit before tax																									24,203
Income tax expense																									(5,347	)
Profit for the period																									18,856
Depreciation and amortization																									4,370

26

Information on reportable segment for the six months ended September 30, 2017, is as follows:

	IT Services																IT Products		Reconciling Items
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total						Total
Revenue		71,283		37,139		41,524		35,233		36,179		23,173		17,414		261,945		9,331		25		271,301
Segment Result		11,496		5,432		6,178		7,086		7,229		3,346		2,596		43,363		119		315		43,797
Unallocated																1,337		—		—		1,337
Segment Result
Total																44,700		119		315		45,134
Finance expense																						(3,035	)
Finance and other income																						13,036
Share of profit/(loss) of equity accounted investee																						4
Profit before tax																						55,139
Income tax expense																						(12,420	)
Profit for the period																						42,719
Depreciation and amortization																						10,143

Information on reportable segment for the six months ended September 30, 2018, is as follows:

	IT Services																IT Products			Reconciling Items
	BFSI		Health BU		CBU		ENU		TECH		MFG		COMM		Total								Total
Revenue		85,159		36,573		45,519		35,444		39,085		23,036		15,960		280,776		6,408			(9	)		287,175
Other operating income		—		—		—		—		—		—		—		2,798		—			—			2,798
Segment Result		14,874		4,729		6,771		606		8,708		3,649		1,824		41,161		(1,166	)		124			40,119
Unallocated																1,005		—			—			1,005
Segment Result
Total																44,964		(1,166	)		124			43,922
Finance expense																								(3,218	)
Finance and other income																								10,333
Share of profit/(loss) of equity accounted investee																								(33	)
Profit before tax																								51,004
Income tax expense																								(11,212	)
Profit for the period																								39,792
Depreciation and amortization																								8,707

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 ended September 30,				Six months ended September 30,
	2017		2018		2017		2018
India	₹	10,018	₹	8,340	₹	22,530	₹	17,044
Americas *		70,768		79,621		142,191		155,674
Europe		33,404		36,722		66,147		72,627
Rest of the world		20,497		21,944		40,433		41,830
	₹	134,687	₹	146,627	₹	271,301	₹	287,175

* Substantially related to operations in the United States of America.

No customer individually accounted for more than 10% of the revenues during the period ended September 30, 2017 and 2018.

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.

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Notes:

a) “Reconciling items” includes elimination of inter-segment transactions and other corporate activities.

b) Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues.

c) For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues (which is reported as a part of operating profit in the interim condensed consolidated statement of income).

d) For evaluating performance of the individual operating segments, stock compensation expense is allocated on the 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.

e) The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment 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 eliminated under reconciling items.

f) Net gain from the sale of hosted data center services business and disposal of Wipro Airport IT Services Limited, amounting to ₹ 269 and ₹ 2,798, is included as part of IT services segment result for the period three months and six months ended September 30, 2018, respectively.

g) Segment results for ENU industry vertical for the period three months and six months ended September 30, 2018, is after considering the impact of ₹ 5,141 ($ 75) paid to National Grid on settlement of a legal claim against the Company.

25. List of subsidiaries and equity accounted investee as at September 30, 2018 is provided below:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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 Insurance Agency, LLC.	USA
		HealthPlan Services, Inc.	USA
		Appirio, Inc. **	USA
		Cooper Software, LLC.	USA
		Infocrossing, LLC	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.
	Wipro Digital Aps		Denmark
		Designit A/S **	Denmark
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
Wipro Information Technology Austria GmbH			Austria
Wipro Technologies Austria GmbH			Austria
NewLogic Technologies SARL			France
Wipro Cyprus Public Limited			Cyprus
	Wipro Doha LLC #		Qatar
	Wipro Technologies SA DE CV		Mexico

28

	Wipro Philippines, Inc.		Philippines
	Wipro Holdings Hungary Korlátolt		Hungary
	Felelosségu Társaság
		Wipro Holdings Investment Korlátolt	Hungary
		Felelosségu Társaság
	Wipro Technologies SA		Argentina
	Wipro Information Technology Egypt		Egypt
	SAE
	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		Ghana
	Limited
	Wipro Technologies South Africa		South Africa
	(Proprietary) Limited
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro IT Service Ukraine LLC		Ukraine
	Wipro Information Technology		Netherlands
	Netherlands BV.
		Wipro Portugal S.A. **	Portugal
		Limited Liability Company Wipro	Russia
		Technologies Limited
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan	Kazakhstan
		LLP
		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 SRL		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC		Sultanate of
			Oman
	Rainbow Software LLC		Iraq
	Cellent GmbH		Germany
		Cellent Mittelstandsberatung GmbH	Germany
		Cellent Gmbh **	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Appirio India Cloud Solutions			India
Private Limited
Wipro IT Services Bangladesh			Bangladesh
Limited
Alight HR Services India Private			India
Limited

29

* All the above direct subsidiaries are 100% held by the Company except that the Company holds 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.

# 51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in 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

** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit A/S, Cellent GmbH, and Appirio, Inc. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Portugal S.A.	Wipro Technologies GmbH		Portugal Germany
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
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
	Denextep Spain Digital, S.L		Spain
		Designit Colombia S A S	Colombia
		Designit Peru SAC	Peru
Cellent GmbH			Austria
	Frontworx Informations technologie		Austria
	GmbH
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Appirio GmbH	Germany
		Apprio Ltd (UK)	U.K.
	Appirio Singapore Pte Ltd		Singapore

As at September 30, 2018, the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accoutned for using the equity method.

The list of controlled trusts are:

Name of the entity	Country of incorporation
Wipro Equity Reward Trust	India
Wipro Inc. Benefit Trust	India
Wipro Foundation	India

26. Bank balance

	As at September 30, 2018
	In current		In Deposit
	Account		Account		Total
Citi Bank	₹	34,572	₹	2,390	₹	36,962
HSBC		14,009		4,710		18,719
ANZ Bank		316		5,270		5,586
IndusInd Bank		—		2,800		2,800
Wells Fargo Bank		2,630		—		2,630
Yes Bank		9		2,560		2,569
HDFC Bank		376		2,140		2,516
BNP Paribas		346		1,232		1,578
Saudi British Bank		1,446		—		1,446
Axis Bank		1		1,051		1,052
DBS		—		558		558
Standard Chartered Bank		519		—		519
Indian Overseas Bank		1		315		316
Bank of Montreal		249		—		249
MUFG Bank		178		—		178
Silicon Valley Bank		151		—		151
Unicredit Bank Austria AG		145		—		145
Other		1,210		634		1,844
Total	₹	56,158	₹	23,660	₹	79,818

30

27. Other operating income

Sale of hosted data center services business: During the six months ended September 30, 2018, the Company has concluded the divestment of its hosted data center services business.

The calculation of the gain on sale is shown below:

Particulars	Total
Cash considerations (net of disposal costs ₹ 660)	₹	25,098
Less: Carrying amount of net assets disposed (including goodwill of ₹ 13,009)		(26,418	)
Add: Reclassification of exchange difference on foreign currency translation		4,131
Gain on sale	₹	2,811

In accordance with the sale agreement, total cash consideration is ₹ 27,790 and the Company paid ₹ 3,766 to subscribe for units issued by the buyer. Units amounting to ₹ 2,032 are callable by the buyer if certain business targets committed by the Company are not met over a period of three years. The fair value of these callable units is estimated to be insignificant as at reporting date. Consequently, the sale consideration accounted of ₹ 24,024 and units amounting to ₹ 1,734 units issued by the buyer.

Loss of control in subsidiary: During the six months ended September 30, 2018, the Company has reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited. The loss/ gain on this transaction is insignificant.

28. As part of a customer contract with Alight LLC, Wipro has acquired Alight HR Services India Private Limited for a consideration of ₹ 8,275 (USD 117). Considering the terms and conditions of the agreement, the Company has concluded that this transaction does not meet the definition of Business under IFRS 3. The transaction was consummated on September 1, 2018. Net assets taken over was ₹ 4,128. The excess of consideration paid and net assets taken over is accounted as ‘costs to obtain contract’, which will be amortized over the tenure of the contract as reduction in revenues.

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	Azim H Premji	N Vaghul	Abidali Neemuchwala
Chartered Accountants	Executive Chairman	Director	Chief Executive Officer
Firm’s Registration No: 117366W/W - 100018	& Managing Director		& Executive Director
Vikas Bagaria	Jatin Pravinchandra Dalal		M Sanaulla Khan
Partner	Chief Financial Officer		Company Secretary
Membership No. 60408
Bengaluru
October 24, 2018

31

EX-99.5

Exhibit 99.5

WIPRO LIMITED

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

Website: www.wipro.com ; Email id – info@wipro.com ; Tel: +91-80-2844 0011 ; Fax: +91-80-2844 0054

STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2018

UNDER IFRS (IASB)

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

	Particulars	Three months ended									Six months ended						Year ended
		September 30, 2018			June 30, 2018			September 30, 2017			September 30, 2018			September 30, 2017			March 31, 2018
	Income from operations
	a) Revenue		145,410			139,777			134,234			285,187			270,495			544,871
	b) Other operating income		269			2,529			—			2,798			—			—
	c) Foreign exchange gains/(losses), net		1,217			771			453			1,988			806			1,488
I	Total income from operations		146,896			143,077			134,687			289,973			271,301			546,359
	Expenses
	a) Purchase of stock-in-trade		3,342			4,650			2,939			7,992			9,245			18,434
	b) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		(274	)		(473	)		(30	)		(747	)		425			505
	c) Employee benefit expense		74,216			72,042			67,612			146,258			135,054			272,223
	d) Depreciation, amortisation and impairment		4,370			4,337			5,200			8,707			10,143			21,124
	e) Sub-contracting/ technical fees		24,318			22,443			21,503			46,761			41,750			84,437
	f) Facility expenses		5,314			5,834			5,129			11,148			10,142			21,044
	g) Travel		4,172			4,445			4,536			8,617			8,902			17,399
	h) Communication		1,133			1,320			1,297			2,453			2,621			5,353
	i) Legal and professional fees		1,278			1,171			1,043			2,449			2,144			4,690
	j) Marketing and brand building		565			709			698			1,274			1,492			3,140
	k) Other expenses		7,846			3,293			1,719			11,139			4,249			13,716
II	Total expenses		126,280			119,771			111,646			246,051			226,167			462,065
III	Finance expenses		1,569			1,649			1,434			3,218			3,035			5,830
IV	Finance and Other Income		5,136			5,197			6,709			10,333			13,036			23,999
V	Share of profits/(loss) of equity accounted investees		20			(53	)		5			(33	)		4			11
VI	Profit before tax [I-II-III+IV+V]		24,203			26,801			28,321			51,004			55,139			102,474
VII	Tax expense		5,347			5,865			6,426			11,212			12,420			22,390
VIII	Net profit for the period [VI-VII]		18,856			20,936			21,895			39,792			42,719			80,084
IX	Total Other comprehensive income		2,227			(2,635	)		(426	)		(408	)		(1,075	)		(3,109	)
	Total comprehensive income for the period [VIII+IX]		21,083			18,301			21,469			39,384			41,644			76,975
X	Profit for the period attributable to:
	Equity holders of the Company		18,889			21,206			21,917			40,095			42,682			80,081
	Non-controlling Interest		(33	)		(270	)		(22	)		(303	)		37			3
			18,856			20,936			21,895			39,792			42,719			80,084
	Total comprehensive income for the period attributable to:
	Equity holders of the Company		20,971			18,487			21,463			39,458			41,590			76,956
	Non-controlling Interest		112			(186	)		6			(74	)		54			19
			21,083			18,301			21,469			39,384			41,644			76,975
XI	Paid up equity share capital (Face value ₹ 2 per share)		9,048			9,048			9,733			9,048			9,733			9,048
XII	Reserves excluding revaluation reserves and Non Controlling Interest as per balance sheet of previous accounting period																	473,888
XIII	Earnings per share (EPS)
	(Equity shares of par value of ₹ 2/- each)
	(EPS for the three and six months ended periods is not annualized)
	Basic (in ₹)		4.19			4.71			4.52			8.90			8.81			16.86
	Diluted (in ₹)		4.19			4.70			4.52			8.89			8.80			16.83

1

1. The audited consolidated financial results of the Company for the three and six months ended September 30, 2018 have been approved by the Board of Directors of the Company at its meeting held on October 24, 2018. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion on the consolidated financial results.

2. The above consolidated financial results have been prepared from the interim condensed consolidated 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. Adoption of IFRS 15 – Revenue from Contracts with Customers.

On April 1, 2018, the company adopted IFRS 15, “Revenue from Contracts with Customers” using the cumulative catchup transition method applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The adoption of IFRS 15, did not have any material impact on the consolidated results for the three and six months ended September 30, 2018.

4. List of subsidiaries and equity accounted investees as at September 30, 2018 are provided in the table below:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
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 Insurance Agency, LLC.	USA
		HealthPlan Services, Inc.	USA
		Appirio, Inc. **	USA
		Cooper Software, LLC.	USA
		Infocrossing, LLC	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.
	Wipro Digital Aps		Denmark
		Designit A/S **	Denmark
	Wipro Europe Limited		U.K.
		Wipro UK Limited	U.K.
	Wipro Financial Services UK Limited		U.K.
Wipro Information Technology Austria GmbH			Austria
Wipro Technologies Austria GmbH			Austria
NewLogic Technologies SARL			France
Wipro Cyprus Public Limited			Cyprus
	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

2

	Wipro Technologies SA		Argentina
	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
		Limited Liability Company 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 SRL		Romania
	PT. WT Indonesia		Indonesia
	Wipro (Thailand) Co. Limited		Thailand
	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
	Rainbow Software LLC		Iraq
	Cellent GmbH		Germany
		Cellent Mittelstandsberatung GmbH	Germany
		Cellent Gmbh **	Austria
Wipro Networks Pte Limited			Singapore
	Wipro (Dalian) Limited		China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Appirio India Cloud Solutions Private Limited			India
Wipro IT Services Bangladesh Limited			Bangladesh
Alight HR Services India Private Limited			India

* All the above direct subsidiaries are 100% held by the Company except that the Company holds 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.

3

# 51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in 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

** Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit A/S, Cellent GmbH, and Appirio, Inc. are as follows:

Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Portugal S.A.			Portugal
	Wipro Technologies GmbH		Germany
Wipro do Brasil Technologia Ltda			Brazil
	Wipro Do Brasil Sistemetas De Informatica Ltd		Brazil
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
	Denextep Spain Digital, S.L		Spain
		Designit Colombia S A S	Colombia
		Designit Peru SAC	Peru
Cellent GmbH			Austria
	Frontworx Informations technologie GmbH		Austria
Appirio, Inc.			USA
	Appirio, K.K		Japan
	Topcoder, LLC.		USA
	Appirio Ltd		Ireland
		Appirio GmbH	Germany
		Apprio Ltd (UK)	U.K.
	Appirio Singapore Pte Ltd		Singapore

As at September 30, 2018, the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, LLC, accoutned for using the equity method.

The list of controlled trusts are:

Name of the entity	Country of incorporation
Wipro Equity Reward Trust	India
Wipro Inc. Benefit Trust	India
Wipro Foundation	India

4

5. Segment Information

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

IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. Effective April 1, 2018, consequent to change in organization structure, the Company reorganized its industry verticals. The Manufacturing (MFG) and Technology Business unit (TECH) are split from the former Manufacturing & Technology (MNT) business unit.

The revised industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU) previously known as Health Care and Life Sciences Business unit (HLS), 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.

Comparative information has been restated to give effect to the above changes.

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.

The Chairman and Managing Director 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.

5

Information on reportable segment for the three months ended September 30, 2018, June 30, 2018 and September 30, 2017, and the six months ended September 30, 2018 and September 30, 2017, and the year ended March 31, 2018 is as follows:

Particulars	Three months ended									Six months ended						Year ended
	September 30, 2018			June 30, 2018			September 30, 2017			September 30, 2018			September 30, 2017			March 31, 2018
	Audited			Audited			Audited			Audited			Audited			Audited
Revenue
IT Services
BFSI		44,105			41,054			36,349			85,159			71,283			148,062
Health BU		18,364			18,209			17,989			36,573			37,139			74,177
CBU		23,532			21,987			20,989			45,519			41,524			83,762
ENU		18,239			17,205			17,769			35,444			35,233			68,427
TECH		19,581			19,504			18,515			39,085			36,179			73,967
MFG		11,732			11,304			11,495			23,036			23,173			46,305
COMM		8,220			7,740			8,583			15,960			17,414			33,710
Total of IT Services		143,773			137,003			131,689			280,776			261,945			528,410
IT Products		2,876			3,532			2,988			6,408			9,331			17,998
Reconciling Items		(22	)		13			10			(9	)		25			(49	)
Total Revenue		146,627			140,548			134,687			287,175			271,301			546,359
Other operating Income
IT Services		269			2,529			—			2,798			—			—
IT Products		—			—			—			—			—			—
Total Other Operating Income		269			2,529			—			2,798			—			—
Segment Result
IT Services
BFSI		7,725			7,149			6,055			14,874			11,496			24,626
Health BU		2,659			2,070			2,698			4,729			5,432			9,620
CBU		4,156			2,615			3,244			6,771			6,178			13,060
ENU		(2,084	)		2,690			3,435			606			7,086			8,060
TECH		4,644			4,064			3,748			8,708			7,229			14,685
MFG		2,247			1,402			1,652			3,649			3,346			7,057
COMM		1,070			754			1,147			1,824			2,596			3,158
Unallocated		310			695			805			1,005			1,337			3,347
Other Operating Income		269			2,529			—			2,798			—			—
Total of IT Services		20,996			23,968			22,784			44,964			44,700			83,613
IT Products		(426	)		(740	)		88			(1,166	)		119			362
Reconciling Items		46			78			169			124			315			319
Total		20,616			23,306			23,041			43,922			45,134			84,294
Finance Expense		(1,569	)		(1,649	)		(1,434	)		(3,218	)		(3,035	)		(5,830	)
Finance and Other Income		5,136			5,197			6,709			10,333			13,036			23,999
Share of profit/ (loss) of equity accounted investee		20			(53	)		5			(33	)		4			11
Profit before tax		24,203			26,801			28,321			51,004			55,139			102,474

6

Notes:

a) “Reconciling items” includes elimination of inter-segment transactions and other corporate activities.

b) Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues.

c) For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues amounting to ₹ 1,217, ₹ 771 and ₹ 453 for the three months ended September 30, 2018, June 30, 2018 and September 30, 2017, respectively and ₹ 1,988 and ₹ 806 for the six months ended September 30, 2018 and September 30, 2017, respectively and ₹ 1,488 for the year ended March 31, 2018, which is reported as a part of “Other income” in the statement of profit and loss.

d) For evaluating performance of the individual operating segments, stock compensation expense is allocated on the 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.

e) The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment 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 eliminated under reconciling items.

f) Segment results for COMM and ENU industry vertical for year ended March 31, 2018 is after considering the impact of provision for impairment of receivables and deferred contract costs of ₹ 4,612, consequent to insolvency of two of our customers.

g) Net gain from the sale of hosted data center services business and disposal of Wipro Airport IT Services Limited, amounting to ₹ 269 and ₹ 2,798, is included as part of IT services segment result for the three months and six months ended September 30, 2018, respectively.

h) Segment results for ENU industry vertical for the period three months and six months ended September 30, 2018, is after considering the impact of ₹ 5,141 ($ 75) paid to National Grid on settlement of a legal claim against the Company.

6. Other operating income

Sale of hosted data center services business: During the six months ended September 30, 2018, the Company has concluded the divestment of its hosted data center services business.

The calculation of the gain on sale is shown below:

Particulars	Total
Cash considerations (net of disposal costs ₹ 660)	₹	25,098
Less: Carrying amount of net assets disposed (including goodwill of ₹ 13,009)		(26,418	)
Add: Reclassification of exchange difference on foreign currency translation		4,131
Gain on sale	₹	2,811

In accordance with the sale agreement, total cash consideration is ₹ 27,790 and the Company paid ₹ 3,766 to subscribe for units issued by the buyer. Units amounting to ₹ 2,032 are callable by the buyer if certain business targets committed by the Company are not met over a period of three years. The fair value of these callable units is estimated to be insignificant as at reporting date. Consequently, the sale consideration accounted of ₹ 24,024 and units amounting to ₹ 1,734 units issued by the buyer.

Loss of control in subsidiary: During the six months ended September 30, 2018, the Company has reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited. The loss/ gain on this transaction is insignificant.

7

7. Consolidated Balance Sheet

	As at March 31, 2018		As at September 30, 2018
ASSETS
Goodwill		117,584		128,026
Intangible assets		18,113		18,027
Property, plant and equipment		64,443		68,370
Derivative assets		41		17
Investments		7,668		7,494
Investment in equity accounted investee		1,206		1,305
Trade receivables		4,446		4,179
Deferred tax assets		6,908		8,861
Non-current tax assets		18,349		20,237
Other non-current assets		15,726		20,227
Total non-current assets		254,484		276,743
Inventories		3,370		4,060
Trade receivables		100,990		106,382
Other current assets		30,596		27,150
Unbilled receivables		42,486		28,685
Contract assets		—		18,573
Investments		249,094		248,815
Current tax assets		6,262		7,895
Derivative assets		1,232		3,793
Cash and cash equivalents		44,925		79,818
		478,955		525,171
Assets held for sale		27,201		—
Total current assets		506,156		525,171
TOTAL ASSETS		760,640		801,914
EQUITY
Share capital		9,048		9,048
Share premium		800		879
Retained earnings		453,265		491,401
Share based payment reserve		1,772		2,260
Other components of equity		18,051		17,414
Equity attributable to the equity holders of the Company		482,936		521,002
Non-controlling interest		2,410		2,312
TOTAL EQUITY		485,346		523,314
LIABILITIES
Long - term loans and borrowings		45,268		52,329
Derivative liabilities		7		—
Deferred tax liabilities		3,059		2,475
Non-current tax liabilities		9,220		9,543
Other non-current liabilities		4,230		4,688
Provisions		3		2
Total non-current liabilities		61,787		69,037
Loans, borrowings and bank overdrafts		92,991		62,726
Trade payables and accrued expenses		68,129		84,797
Unearned revenues		17,139		23,607
Current tax liabilities		9,417		13,667
Derivative liabilities		2,210		6,487
Other current liabilities		16,613		17,507
Provisions		796		772
		207,295		209,563
Liabilities directly associated with assets held for sale		6,212		—
Total current liabilities		213,507		209,563
TOTAL LIABILITIES		275,294		278,600
TOTAL EQUITY AND LIABILITIES		760,640		801,914

8

8. As part of a customer contract with Alight LLC, Wipro has acquired Alight HR Services India Private Limited for a consideration of ₹ 8,275 (USD 117). Considering the terms and conditions of the agreement, the Company has concluded that this transaction does not meet the definition of Business under IFRS 3. The transaction was consummated on September 1, 2018. Net assets taken over was ₹ 4,128. The excess of consideration paid and net assets taken over is accounted as ‘costs to obtain contract’, which will be amortized over the tenure of the contract as reduction in revenues.

By order of the Board,	For, Wipro Limited
	Azim H Premji
Place : Bengaluru	Executive Chairman
Date  : October 24, 2018	& Managing Director

9

EX-99.6

Exhibit 99.6

Wipro Limited

Results for the Quarter ended September 30, 2018

Operating Metrics Pertaining to IT Services Segment

A. IT Services

		FY 18-19						FY 17-18
		Q2Note 1			Q1			FY			Q4			Q3			Q2			Q1
Revenue & OM%	IT Services Revenues ($MN)		2,041.2			2,026.5			8,060.2			2,062.0			2,013.0			2,013.5			1,971.7
	Sequential Growth		1.9	%Note 1		-1.7	%		4.6	%		2.4	%		0.0	%		2.1	%		0.9	%
	Sequential Growth in Constant CurrencyNote 2		2.8	%Note 1		0.1	%		2.9	%		1.1	%		0.9	%		0.3	%		0.3	%
	Operating Margin %		14.6	%Note 3		17.2	%Note 4		15.8	%Note 5		14.4	%Note 6		14.8	%Note 7		17.3	%		16.8	%
Service Line Mix	Practices
	Digital Operations and PlatformsNote 8		12.7	%		12.1	%		12.2	%		12.1	%		12.6	%		12.1	%		12.0	%
	Cloud and Infrastructure Services		26.5	%		27.4	%		28.4	%		28.8	%		28.2	%		28.4	%		28.1	%
	Data, Analytics and AI		7.8	%		7.1	%		7.0	%		7.0	%		7.0	%		7.1	%		7.1	%
	Modern Application Services		45.7	%		46.1	%		45.4	%		44.8	%		45.3	%		45.5	%		45.8	%
	Industrial & Engineering ServicesNote 9		7.3	%		7.3	%		7.0	%		7.3	%		6.9	%		6.9	%		7.0	%
SBU Mix	Strategic Business Units
	Banking, Financial Services and Insurance		30.7	%		30.0	%		28.1	%		29.2	%		28.5	%		27.6	%		26.7	%
	Communications		5.7	%		5.6	%		6.4	%		5.8	%		6.4	%		6.5	%		6.8	%
	Consumer Business Unit		16.3	%		16.0	%		15.8	%		15.6	%		16.0	%		15.9	%		15.8	%
	Energy, Natural Resources and Utilities		12.6	%		12.5	%		12.9	%		12.5	%		12.4	%		13.5	%		13.4	%
	Health Business Unit		12.8	%		13.4	%		14.1	%		13.9	%		14.0	%		13.7	%		14.8	%
	Manufacturing		8.2	%		8.3	%		8.7	%		8.7	%		8.6	%		8.7	%		9.0	%
	Technology		13.7	%		14.2	%		14.0	%		14.3	%		14.1	%		14.1	%		13.5	%
Geography Mix	Geography
	Americas		55.2	%		54.9	%		53.4	%		52.7	%		53.1	%		53.6	%		54.5	%
	APAC and Other Emerging Markets		11.4	%		10.9	%		11.1	%		10.9	%		11.0	%		11.4	%		10.9	%
	Europe		25.3	%		25.6	%		25.6	%		27.0	%		25.9	%		25.1	%		24.2	%
	India & Middle East business		8.1	%		8.6	%		9.9	%		9.4	%		10.0	%		9.9	%		10.4	%
Guidance	Guidance ($MN)		2,009-2,049			2,015-2,065						2,033-2,073			2,014-2,054			1,962-2,001			1,915-1,955
	Guidance restated based on actual currency realized ($MN)		1,990-2,030			1,978-2,027						2,060-2,100			1,996-2,036			1,999-2,038			1,927-1,967
	IT Services Revenues ($MN)		2,041.2			2,026.5			8,060.2			2,062.0			2,013.0			2,013.5			1,971.7
Customer Relationships	Customer size distribution (TTM)
	> $100MN		9			8			8			8			9			9			9
	> $75MN		19			19			20			20			17			16			18
	> $50MN		39			40			39			39			41			39			36
	> $20MN		93			91			95			95			90			90			90
	> $10MN		180			173			171			171			167			170			163
	> $5MN		274			278			277			277			272			270			262
	> $3MN		358			368			369			369			364			370			357
	> $1MN		612			624			631			631			635			627			624
Customer Metrics	Revenue from Existing customers %		98.6	%		99.5	%		98.6	%		97.4	%		98.2	%		99.2	%		99.6	%
	Number of new customers		76			75			223			58			79			41			45
	Total Number of active customers		1,193			1,254			1,248			1,248			1,281			1,274			1,244
	Customer Concentration
	Top customer		3.6	%		3.7	%		3.1	%		3.5	%		3.1	%		3.1	%		2.9	%
	Top 5		12.1	%		11.7	%		11.1	%		11.9	%		11.3	%		11.0	%		10.3	%
	Top 10		18.8	%		18.3	%		17.8	%		18.4	%		17.8	%		18.0	%		17.5	%

Notes:

Note 1: Sequential/QoQ and YoY growth rates for Q2’19 have been computed by adjusting revenues for Q1’19 and Q2’18 for the impact from the divestment of our hosted data centre services business.

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 margin for the Quarter ended September 30, 2018 includes a loss of ₹5,141 million from the settlement with one of our key customers. Adjusted for this settlement, our operating margin was 18.1%.

Note 4. IT Services margin for the Quarter ended June 30, 2018 includes gain of ₹2,529 million from the sale of our hosted data center business during the quarter.

Note 5. Excluding the one time impact of insolvency of two of our customers & impairment loss booked for one of our acquisitions, normalized operating margin for the Year ended March 31, 2018 was 16.8%.

Note 6. Excluding the one time impact of insolvency of a customer & impairment loss booked for one of our acquisitions, normalized operating margin for the Quarter ended March 31, 2018 was 16.0%.

Note 7. Excluding the one time impact of insolvency of a customer, post balance sheet date, normalized operating margin for the Quarter ended December 31, 2017 was 17.2%.

Note 8. The service line formerly known as Business Process Services has been renamed as Digital Operations and Platforms (DO&P).

Note 9. The service line formerly known as Product Engineering Services has been renamed as Industrial & Engineering Services (I&ES).

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		FY 18-19						FY 17-18
		Q2			Q1			FY			Q4			Q3			Q2			Q1
Currency Mix	% of Revenue
	USD		60	%		60	%		58	%		58	%		58	%		58	%		59	%
	GBP		10	%		11	%		10	%		11	%		10	%		10	%		10	%
	EUR		9	%		8	%		9	%		9	%		9	%		9	%		9	%
	INR		6	%		7	%		8	%		8	%		8	%		8	%		8	%
	AUD		5	%		5	%		5	%		5	%		5	%		5	%		4	%
	CAD		3	%		2	%		2	%		2	%		2	%		3	%		3	%
	Others		7	%		7	%		8	%		7	%		8	%		7	%		7	%
	Closing Employee Count		175,346			164,659			163,827			163,827			162,553			163,759			166,790
	Utilization (IT Services excl. Infocrossing, DO&P, Designit, cellent, HPS, Appirio, Cooper, Infoserver and I&ME)
	Gross Utilization		74.4	%		74.5	%		72.2	%		73.1	%		71.0	%		72.9	%		72.0	%
	Net Utilization (Excluding Support)		83.2	%		83.9	%		81.1	%		82.4	%		80.0	%		81.8	%		80.3	%
	Net Utilization (Excluding Trainees)		85.5	%		85.2	%		82.5	%		83.4	%		81.9	%		82.5	%		82.1	%
	Attrition
	(IT Services excl. DO&P)
	Voluntary TTM		17.4	%		17.0	%		16.6	%		16.6	%		15.9	%		15.7	%		15.9	%
	Voluntary Quarterly Annualized		18.3	%		17.7	%		16.6	%		17.5	%		16.2	%		16.7	%		16.1	%
	DO&P % - Quarterly		12.3	%		10.8	%		12.7	%		11.3	%		12.8	%		13.5	%		12.8	%
	DO&P % - Post Training Quarterly		11.2	%		9.5	%		11.2	%		9.8	%		11.1	%		11.9	%		11.4	%
	Sales & Support Staff - IT Services		14,862			15,076			14,936			15,215			14,881			14,880			14,769
B. IT Services (Excluding Infocrossing, DO&P, Designit, cellent, HPS, Appirio, Cooper, Infoserver and I&ME)
Service delivery	Revenue from FPP		58.9	%		58.9	%		58.1	%		58.7	%		57.7	%		57.7	%		58.2	%
	Onsite Revenue - % of Services		52.8	%		52.9	%		53.2	%		52.7	%		53.5	%		53.2	%		53.6	%
	Offshore Revenue - % of Services		47.2	%		47.1	%		46.8	%		47.3	%		46.5	%		46.8	%		46.4	%

C. Growth Metrics for the Quarter ended September 30, 2018^{Note 1}

	Reported Currency QoQ %			Reported Currency YoY %			Constant Currency QoQ %			Constant Currency YoY %
IT Services		1.9	%		2.6	%		2.8	%		5.1	%
Strategic Business Units
Banking, Financial Services and Insurance		3.4	%		13.1	%		4.4	%		16.0	%
Communications		2.1	%		-11.4	%		4.2	%		-6.7	%
Consumer Business Unit		3.7	%		5.0	%		4.8	%		7.7	%
Energy, Natural Resources and Utilities		2.2	%		-4.3	%		4.0	%		0.0	%
Health Business Unit		-3.2	%		-5.3	%		-3.0	%		-4.4	%
Manufacturing		1.1	%		-3.6	%		1.7	%		-1.6	%
Technology		1.6	%		3.7	%		1.8	%		4.6	%
Geography
Americas		3.5	%		6.8	%		3.7	%		7.9	%
APAC and Other Emerging Markets		5.4	%		0.9	%		7.9	%		7.3	%
Europe		-0.5	%		2.3	%		0.9	%		5.0	%
India & Middle East business		-5.4	%		-17.1	%		-2.8	%		-11.7	%
Practices
Digital Operations and PlatformsNote 8		5.7	%		6.7	%		6.2	%		8.1	%
Cloud and Infrastructure Services		1.5	%		-1.6	%		2.6	%		1.8	%
Data, Analytics and AI		9.9	%		11.6	%		11.1	%		14.0	%
Modern Application Services		0.0	%		1.9	%		1.0	%		4.5	%
Industrial & Engineering ServicesNote 9		1.5	%		6.7	%		1.9	%		7.9	%

D. Annexure to Datasheet

Segment-wise breakup of Cost of Revenues, S&M and G&A	Q2 FY 18-19 (INR MN)
Particulars	IT Services		IT Products		Reconciling Items			Total
Cost of revenues		98,839		2,851		80			101,770
Selling and marketing expenses		10,774		76		(36	)		10,814
General and administrative expenses		13,432		374		(110	)		13,696
Total		123,045		3,301		(66	)		126,280

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