EX-99.3 4 d690360dex993.htm EX-99.3 EX-99.3

Exhibit 99.3

Wipro Limited

Extract of audited financial results of Wipro Limited and its subsidiaries for the quarter ended September 30, 2020

Consolidated Audited Financial Results of Wipro Limited under IFRS

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

 

Particulars

    Quarter ended
September 30, 2020		      Half year ended
September 30, 2020		      Quarter ended
September 30, 2019		  

Total income from operations (net)

      151,305        301,738        151,897  

Net Profit / (Loss) before tax, exceptional and extraordinary items

      32,071        63,022        31,343  

Net Profit / (Loss) before tax but after exceptional and extraordinary items

      32,071        63,022        31,343  

Net Profit / (Loss) after tax, exceptional and extraordinary items

      24,843        48,956        25,612  

Total Comprehensive Income after tax

      25,525        54,627        26,914  

Equity Share Capital

      11,430        11,430        11,426  

Reserves excluding Revaluation Reserve

      601,120        601,120        503,379  

Earnings Per Share (after extraordinary items) (of ₹ 2/- each)

         

Basic:

      4.33        8.53        4.30  

Diluted:

      4.32        8.51        4.29  

The audited interim consolidated financial results of the Company for the three and six months ended September 30, 2020 have been approved by the Board of Directors of the Company at its meeting held on October 13, 2020. 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 amendment rules issued thereafter.

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, 2020		      Half year ended
September 30, 2020		      Quarter ended
September 30, 2019		  

Total income from operations (net)

      150,967        300,195        151,306  

Net Profit / (Loss) before tax, exceptional and extraordinary items

      32,073        63,026        31,345  

Net Profit / (Loss) before tax but after exceptional and extraordinary items

      32,073        63,026        31,345  

Net Profit / (Loss) after tax, exceptional and extraordinary items

      24,844        48,959        25,613  

Total Comprehensive Income after tax

      25,622        54,729        26,815  

Equity Share Capital

      11,430        11,430        11,426  

Reserves excluding Revaluation Reserve

      596,981        596,981        499,398  

Earnings Per Share (after extraordinary items) (of ₹ 2/- each)

         

Basic:

      4.33        8.53        4.30  

Diluted:

      4.32        8.51        4.29  

 

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

The audited interim consolidated financial results (under Ind AS) of the Company for the three and six months endedSeptember 30, 2020 have been approved by the Board of Directors of the Company at its meeting held on October 13, 2020. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

 

Particulars

    Quarter ended
September 30, 2020		      Half year ended
September 30, 2020		      Quarter ended
September 30, 2019		  

Total income from operations (net)

      122,504        244,433        125,226  

Net Profit / (Loss) before tax, exceptional and extraordinary items

      28,530        56,519        27,684  

Net Profit / (Loss) before tax but after exceptional and extraordinary items

      28,530        56,519        27,684  

Net Profit / (Loss) after tax, exceptional and extraordinary items

      22,440        44,366        22,470  

Total Comprehensive Income after tax

      24,703        50,096        22,235  

Equity Share Capital

      11,430        11,430        11,426  

Reserves excluding Revaluation Reserve

      504,026        504,026        421,147  

Earnings Per Share (after extraordinary items) (of ₹ 2/- each)

         

Basic:

      3.94        7.79        3.79  

Diluted:

      3.93        7.78        3.78  

The audited interim financial results of the Company for the three and six months ended September 30, 2020 have been approved by the Board of Directors of the Company at its meeting held on October 13, 2020. 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), the National Stock Exchange website (URL: www.nseindia.com) and on the Company’s website (URL: www.wipro.com).

 

  2.

On October 13, 2020, the Board of Directors approved a buyback proposal, subject to the approval of shareholders through postal ballot, for purchase by the Company of up to 237,500,000 equity shares of ₹ 2 each (being 4.16% of total paid-up equity share capital as at September 30, 2020) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 400 per equity share for an aggregate amount not exceeding ₹ 95,000 million, in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013 and rules made thereunder.

 

  3.

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

 

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

   By Order of the Board,
   For Wipro Limited

Place: Bengaluru

    Rishad A. Premji

Date: October 13, 2020

    Chairman

 

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054