Report of Foreign Issuer (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 January 2016

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 x 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 x

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 x

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

DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

We hereby furnish the Commission with copies of the following information concerning our public disclosures regarding our results of operations for the quarter ended December 31, 2015. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On January 18, 2016, we announced our results of operations for the three months and nine months ended December 31, 2015. We issued a press release announcing our results under IFRS, copy of which is attached to this Form 6-K as Item 99.1.

On January 18, 2016, 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 three months and nine months ended December 31, 2015 under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.3.

We make available on our website the Condensed Consolidated Interim Financial Statements as of and for the three months ended December 31, 2015 under IFRS. 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 quarter and nine months ended December 31, 2015 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 December 31, 2015. 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: January 21, 2016

INDEX TO EXHIBITS


Item

99.1		IFRS Press Release

99.2		Presentation made by the Company at the Press Conference on January 18, 2016

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

Exhibit 99.1

LOGO

FOR IMMEDIATE RELEASE

Results for the quarter ended December 31, 2015 under IFRS

Gross Revenues grew 7% YoY

Bangalore, India and East Brunswick, New Jersey, USA – January 18, 2016 — Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its third quarter ended December 31, 2015.

Highlights of the Results:

•

Wipro Limited Gross Revenues were LOGO

128.6 billion ($1.9 billion¹), an increase of 7% YoY.

•

IT Services Segment Non-GAAP constant currency Revenue in dollar terms grew 1.4% sequentially and grew 6.3% YoY. IT Services Segment Revenue was $1,838.3 million, a sequential increase of 0.3%.

•

IT Services Segment Revenue was LOGO

123.1 billion ($1,861 million¹), an increase of 9% YoY.

•

Net Income² was LOGO

22.3 billion ($338 million¹), an increase of 2% YoY.

•

IT Services Segment Profit³ was LOGO

24.8 billion ($375 million¹).

•

IT Services Segment Margins was 20.2%.

•

Headcount increased by 2,268 to 170,664.

•

Wipro declared an interim dividend of LOGO

5 ($0.08) per share /ADS.

Performance for the quarter ended December 31, 2015

T K Kurien, Member of the Board & Chief Executive Officer of Wipro, said – “We delivered Revenues in line with our guidance. We saw a pick-up in large deal closures led by Global Infrastructure Services. It is becoming increasingly clear that customers want to simplify operations and optimize their IT spend while investing in Digital to transform their business. We are well-positioned to take advantage of this trend.”

Abidali Z. Neemuchwala, Chief Executive Officer-Designate of Wipro, said – “We are focused on driving market share growth in our core businesses through integrated domain and technology services, while investing for the future in building differentiated Digital capabilities. We will leverage our strong culture of innovation and extremely talented employee pool to build compelling value propositions for our customers.”

Jatin Dalal, Chief Financial Officer of Wipro, said – “During the quarter, we have built competitive differentiation through the acquisition of two high-potential companies – cellent and Viteos. The impact on revenues from the Chennai floods were minimized significantly by strong execution of our robust Business Continuity Plans (BCP). The additional expenses incurred in deploying BCP impacted operating margins for the quarter.”

For the convenience of the reader, the amounts in Indian Rupees in this release have been translated into United States Dollars at the noon buying rate in New York City on December 31, 2015, for cable transfers in Indian rupees, as certified by the Federal Reserve Board of New York, which was US $1= LOGO

66.19. However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2015 was US$1= LOGO

66.99

2.	Refers to ‘Profit for the period attributable to equity holders of the company’

3.	Refers to Segment Results

Outlook for the Quarter ending March 31, 2016

We expect Revenues from our IT Services business to be in the range of $ 1,875 million to $1,912 million*.

*	Guidance is based on the following exchange rates: GBP/USD at 1.50, Euro/USD at 1.07, AUD/USD at 0.72, USD/INR at 66.13 and USD/CAD at 1.37

IT Services

The IT Services segment had a headcount of 170,664 as of December 31, 2015. We added 39 new customers during the quarter.

Effective January 1, 2016, Wipro completed the transaction announced on December 2, 2015 to acquire cellent AG, a leading IT consulting and software services company in the DACH region of Germany, Austria and Switzerland.

On December 23, 2015, Wipro announced that it has signed a definitive agreement to acquire Viteos Group, a BPaaS provider for the Alternative Investment Management Industry.

Wipro sustained its momentum in winning Large Deals globally as described below:

Wipro has entered into a multi-year global infrastructure support engagement with one of the largest medical devices companies in the world. Wipro will standardize and simplify the customer’s IT infrastructure across multiple service lines and in over 90 countries.

A leading global nutrition, health and wellness company has selected Wipro to enable the migration of a significant portion of its global IT applications estate to a hybrid cloud. As part of the engagement, Wipro will provide IaaS (Infrastructure as a Service), PaaS (Platform as a Service), an integrated hardware-software-services stack, and billing-metering-chargeback in a completely outcome-based model.

A large global retailer has selected Wipro as its quality engineering partner. Wipro will help develop a new operating and financial model that will allow the customer to accurately forecast its quality engineering spends and optimize costs, while driving continuous improvements in the quality and time-to-market of its offerings.

Wipro has won a large contract from a European general insurance multinational for provisioning and managing the company’s infrastructure.

A leading security solutions manufacturer, headquartered in the Nordic region, has selected Wipro to transform its IT infrastructure. As part of the five-year agreement, Wipro will leverage its Boundaryless Datacenter offering and will consolidate the customer’s existing data centers and implement a cloud-based-services model, including IaaS (Infrastructure as a Service) and PaaS (Platform as a Service).

An Australia-headquartered manufacturing sector customer has awarded a five-year strategic, IT-as-a-service contract to Wipro. Wipro will have the end-to-end responsibility of running the customer’s IT operations and enabling the transformation of the existing IT estate to a next-generation digital-ready landscape. The new consumption-based model will enable the customer to be more agile, reliable and competitive while launching new products and services.

Digital highlights

Our Digital capability combining design, engineering and analytics is seeing traction in the marketplace. Unique capabilities of Designit combined with Wipro’s technological prowess is driving synergistic deal wins.

Wipro has been selected to help a global bank establish and operate its new digital platform, across 50 markets. With global scale and a blend of strategy, design and engineering capabilities, Wipro’s agile teams will help support consistent customer experience, underpinned by continuous delivery across this new digital platform. Wipro will reinvent the onboarding process for customers, help improve sales conversion rates and reduce operational costs.

Wipro has won a multi-year deal from a large bank to enable omni-channel self-service by digitizing service processes and leveraging new age digital technologies. This will help the bank provide superior customer experience while reducing costs, in the form of lower call volumes.

Wipro will be augmenting the in-house team of a market leader in the automotive space, with telematics domain skills and advanced engineering expertise for their telematics program.

Designit has been selected by a leading South American bank to work on designing an entirely new banking concept and experience, targeted to create the next-generation banking experience for customers who are usually not attracted to traditional banking offerings anymore.

For a major German telecommunications brand, Designit has been assigned to create future smart Product-Service-Experiences using artificial intelligence and similar emerging technologies.

For a leading European energy provider, Designit has been selected to design an innovation process to better facilitate the company’s investments into technology start-ups and to effectively drive the integration of acquired start-ups into the client’s own organizational portfolio.

Cloud highlights

Our Cloud applications business is seeing a good traction in the market. In the quarter ending December 31, 2015 we engaged with several clients to design and deploy their enterprise processes leveraging industry leading SaaS products. A few marquee engagements include Cloud CRM processes rationalization for a UK-based gas and utility major, simplification of lead & opportunity management processes for a leading US based equipment rental company, modernization of a B2B order management system for a leading chemicals supplier company, design and deployment of recruitment processes for a business process outsourcing enterprise, implementation of performance and goal management processes for an American satellite service provider and transforming the source-to-pay process for an global pharmaceutical and consumer packaged goods major.

Wipro has also partnered with Apttus, the category-defining Quote-to-Cash cloud solution provider, to deliver best-in-class Contract Lifecycle Management (CLM), Configure-Price-Quote (CPQ) & Revenue Management solutions to clients across industries.

Awards and accolades

Wipro continued to lead the ‘Global Engineering and R&D Service Providers (GSPR) Rating 2015’ by Zinnov Management Consulting for the sixth consecutive year. The Zinnov study evaluated more than 75 R&D service providers across the world in 15 major industry segments across key parameters like product development capabilities & innovation, client relationships, human capital, financials, ecosystem linkages, infrastructure, and business sustainability.

Wipro has been positioned as a “Leader” by Forrester Research Inc, in its report ‘The Forrester Wave™: Global Workplace Services, Q4 2015’. The report cites Wipro’s relative strength in infrastructure services delivery, well-balanced staff distribution across EMEA, North America and Asia Pacific, highest overall customer reference scores of any supplier evaluated in the analysis, strong customer value proposition, and compelling vision for workplace services.

Wipro has been positioned as a “Leader” by in the IDC MarketScape: Worldwide Life Science Manufacturing and Supply Chain 2015 vendor assessment for services in all the 3 service categories of strategic consulting, ITO and BPO.

Wipro has been recognised as a “Leader” by leading global analyst firm Everest Group, in the Healthcare Payer Digital IT Services PEAK Matrix Assessment 2015. This reaffirms our growing capabilities in the Healthcare Digital space.

Wipro has also been featured as a “Star Performer” in the Everest Group Healthcare Provider IT Services PEAK Matrix Assessment 2015. This reflects Wipro’s large scale and deeper client relationships, technology capability and investments in tools, platforms, and a global delivery presence in the Healthcare Provider space.

Wipro has been recognised as a “Leader” in the Gartner Magic Quadrant for Application Testing Services, Worldwide for the second consecutive year.

Wipro has been positioned in the ‘Winner’s Circle’ of HfS Blueprint Report on Trust-as-a-Service 2015. The report covers the market view of Digital Trust and Security Framework, the Digital Trust Maturity Scale, and the As-a-Service Economy.

Wipro has won 8 awards at the seventh Annual Golden Bridge Business and Innovation Awards Ceremony including the Grand Trophy Award for being the overall winner with maximum impact. Wipro was recognized for its innovations in API Management and Solutions, Information Technology (Software), Mobile Innovative Products or Services, Business Process Management and Application Development.

IT Products

•

Our IT Products Segment delivered Revenue of LOGO

6.5 billion ($98 million¹) for the quarter ended December 31, 2015

Please refer to the table on page 7 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

About Non-GAAP financial measures

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

The table on page 7 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 December 31, 2015, 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 11:00 a.m. Indian Standard Time (12:30 a.m. US Eastern Time) to discuss our performance for the quarter. An audio recording of the management discussions and the question and answer session will be available online and will be accessible in the Investor Relations section of our website at www.wipro.com.

About Wipro Limited (NYSE: WIT)

Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents.

For more information, please visit www.wipro.com


Contact for Investor Relations		Contact for Media & Press
Pavan N Rao	Abhishek Kumar Jain	Vipin Nair
Phone: +91-80-4672 6143	Phone: +1 978 826 4700	Phone: +91-98450 14036
pavan.rao@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, 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)

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

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


	As of March 31,		As of December 31,
	2015		2015		2015
					Convenience translation into US dollar in millions (unaudited) - Refer footnote 1 on Page 1
ASSETS
Goodwill		68,078		75,361		1,139
Intangible assets		7,931		8,274		125
Property, plant and equipment		54,206		57,360		867
Derivative assets		736		237		4
Available for sale investments		3,867		4,391		66
Non-current tax assets		11,409		11,551		175
Deferred tax assets		2,945		3,850		58
Other non-current assets		14,369		13,718		207

Total non-current assets		163,541		174,742		2,641

Inventories		4,849		6,095		92
Trade receivables		91,531		99,959		1,510
Other current assets		73,359		97,751		1,477
Unbilled revenues		42,338		45,662		690
Available for sale investments		53,908		151,651		2,291
Current tax assets		6,490		8,371		126
Derivative assets		5,077		3,486		53
Cash and cash equivalents		158,940		89,973		1,359

Total current assets		436,492		502,948		7,598

TOTAL ASSETS		600,033		677,690		10,239

EQUITY
Share capital		4,937		4,941		75
Share premium		14,031		14,532		220
Retained earnings		372,248		418,176		6,318
Share based payment reserve		1,312		1,950		29
Other components of equity		15,454		16,968		256

Equity attributable to the equity holders of the Company		407,982		456,567		6,898
Non-controlling interest		1,646		2,035		31

Total equity		409,628		458,602		6,929

LIABILITIES
Long - term loans and borrowings		12,707		16,427		248
Deferred tax liabilities		3,240		3,379		51
Derivative liabilities		71		50		1
Non-current tax liabilities		6,695		7,397		112
Other non-current liabilities		3,658		7,296		110
Provisions		5		15		—

Total non-current liabilities		26,376		34,564		522

Loans and borrowings and bank overdrafts		66,206		81,501		1,231
Trade payables and accrued expenses		58,745		61,918		935
Unearned revenues		16,549		19,122		289
Current tax liabilities		8,036		7,209		109
Derivative liabilities		753		908		14
Other current liabilities		12,223		12,622		191
Provisions		1,517		1,244		19

Total current liabilities		164,029		184,524		2,788

TOTAL LIABILITIES		190,405		219,088		3,310



TOTAL EQUITY AND LIABILITIES		600,033		677,690		10,239

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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


	Three Months ended December 31,									Nine months ended December 31,
	2014			2015			2015			2014			2015			2015
							Convenience translation into US dollar in millions (unaudited)- Refer footnote 1 on Page 1									Convenience translation into US dollar in millions (unaudited) - Refer footnote 1 on Page 1
Gross revenues		119,929			128,605			1,943			348,125			376,116			5,682
Cost of revenues		(82,867	)		(90,270	)		(1,364	)		(238,675	)		(260,881	)		(3,941	)
Gross profit		37,062			38,335			579			109,450			115,235			1,741
Selling and marketing expenses		(7,524	)		(8,362	)		(126	)		(22,709	)		(25,114	)		(379	)
General and administrative expenses		(6,426	)		(7,010	)		(106	)		(19,217	)		(20,710	)		(313	)
Foreign exchange gains/(losses), net		922			911			14			3,343			2,774			42
Results from operating activities		24,034			23,874			361			70,867			72,185			1,091
Finance expenses		(810	)		(1,423	)		(21	)		(2,687	)		(4,298	)		(65	)
Finance and other income		5,035			6,227			94			14,383			17,663			267
Profit before tax		28,259			28,678			434			82,563			85,550			1,293
Income tax expense		(6,228	)		(6,248	)		(95	)		(18,369	)		(18,679	)		(282	)

Profit for the period		22,031			22,430			339			64,194			66,871			1,011

Attributable to:
Equity holders of the company		21,928			22,341			338			63,808			66,572			1,006
Non-controlling interest		103			89			1			386			299			5

Profit for the period		22,031			22,430			339			64,194			66,871			1,011

Earnings per equity share:
Attributable to equity share holders of the company
Basic		8.92			9.09			0.14			25.97			27.10			0.41
Diluted		8.88			9.07			0.14			25.85			27.05			0.41
Weighted average number of equity shares used in computing earnings per equity share
Basic		2,457,766,859			2,457,022,905			2,457,022,905			2,457,491,867			2,456,551,992			2,456,551,992
Diluted		2,469,323,243			2,462,220,926			2,462,220,926			2,468,262,835			2,461,282,411			2,461,282,411
Additional Information
Segment Revenue
IT Services Business Units
BFSI		29,177			32,322			489			85,653			95,595			1,444
HLS		13,247			14,719			222			36,713			41,453			626
RCTG		16,005			19,158			289			45,951			54,650			826
ENU		18,637			17,708			268			53,792			52,949			800
MFG		20,718			22,683			343			59,721			66,769			1,009
GMT		15,661			16,557			250			45,933			47,932			724

IT SERVICES TOTAL		113,445			123,147			1,861			327,763			359,348			5,429
IT PRODUCTS		7,740			6,503			98			24,552			20,119			304
RECONCILING ITEMS		(334	)		(134	)		(2	)		(847	)		(577	)		(9	)

TOTAL		120,851			129,516			1,957			351,468			378,890			5,724

Segment Result
IT Services Business Units
BFSI		7,035			7,199			109			19,904			21,147			320
HLS		2,981			3,188			48			7,534			8,991			136
RCTG		3,255			3,809			57			9,648			10,211			154
ENU		4,262			3,436			52			13,483			10,745			162
MFG		4,228			4,142			63			12,630			13,270			201
GMT		3,438			3,093			47			10,696			8,928			135
OTHERS		—			—			—			583			—			—
UNALLOCATED		(458	)		(47	)		(1	)		(1,606	)		759			11

TOTAL IT SERVICES		24,741			24,820			375			72,872			74,051			1,119
IT PRODUCTS		89			(505	)		(7	)		316			(574	)		(9	)
RECONCILING ITEMS		(796	)		(441	)		(7	)		(2,321	)		(1,292	)		(19	)

TOTAL		24,034			23,874			361			70,867			72,185			1,091

FINANCE EXPENSE		(810	)		(1,423	)		(22	)		(2,687	)		(4,298	)		(65	)
FINANCE AND OTHER INCOME		5,035			6,227			94			14,383			17,663			267

PROFIT BEFORE TAX		28,259			28,678			433			82,563			85,550			1,293
INCOME TAX EXPENSE		(6,228	)		(6,248	)		(94	)		(18,369	)		(18,679	)		(282	)

PROFIT FOR THE PERIOD		22,031			22,430			339			64,194			66,871			1,011

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.

The IT Services segment primarily consists of IT Service offerings to our customers organized by industry verticals as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing (MFG), Global Media and Telecom (GMT). Starting with quarter ended September 30, 2014, it also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offering 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.

In the IT Products segment, 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 products, software licenses and other related deliverables.

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


Three Months ended December 31, 2015			Three Months ended December 31, 2015
IT Services Revenue as per IFRS	$	1,838.3	IT Services Revenue as per IFRS	$	1,838.3
Effect of Foreign currency exchange movement	$	19.8	Effect of Foreign currency exchange movement	$	69.9

Non-GAAP Constant Currency IT Services			Non-GAAP Constant Currency IT Services
Revenue based on exchange rates of previous quarter	$	1,858.1	Revenue based on exchange rates of comparable quarter in the previous year	$	1,908.2

Exhibit 99.2

Performance for Quarter ended December 31, 2015 Jatin Dalal Senior Vice President and Chief Financial Officer January 18, 2016

Financial Summary for the Quarter Ended December 31, 2015 (IFRS) Wipro Limited Q3 16 (Rs crores) YoY Growth Revenues 12,861 7% Net Income 2,234 2% Free Cash Flow 2,102 31% Operating Profit refers to Results from Operating Activities Net Income refers to ‘Profit for the period attributable to equity shareholders of the company’ Operating Cash Flow refers to ‘Net Cash generated from Operating Activities as presented in consolidated interim statements of Cash Flows Gross Cash is the sum of (i) cash and cash equivalents plus (ii) Available for Sale Investments – current, and (iii) Interest bearing deposits with corporates - current. Free Cash Flow is defined as Net cash generated from operating activities plus (i) Cash outflows on Purchase of property, plant and equipment and (ii) Proceeds from Sale of property, plant and equipment as presented in consolidated interim statements of Cash Flows. For detailed reconciliations, please refer slide 11 in appendix 1 crores=10 million Strong cash conversion with Free Cash Flow being 94% of Net Income Gross Cash position was Rs. 30,624 crores or $ 4.63 Billion Declared Interim Dividend of Rs 5 per share

Highlights for the quarter IT Services Segment USD Revenue grew by 0.3% sequentially and 2.4% on a YoY basis. Net Headcount addition of 2,268 in the quarter. Headcount now stands at 170,664. For reconciliation of non-GAAP constant currency IT Services USD revenues please refer to slide 11 Segment Profit refers to Segment Results 1 crores= 10 million Addition of 39 new customers in quarter to take the total number of active customers to 1,105. IT Services Segment Margins was 20.2% for the quarter, impacted by the Chennai floods. Non-GAAP constant currency IT Services Segment USD Revenue grew 1.4% QoQ and grew 6.3% YoY. During the quarter, Wipro acquired two high-potential companies - cellent AG and Viteos IT Services Segment Revenue was Rs. 12,315 crores, an increase of 9% YoY.

IT Services - Revenue Dynamics for Quarter Ended December 31, 2015 Retail, Consumer Goods and Transportation grew 16.7% on a constant currency YoY basis Financial Services grew 7.8% on a constant currency YoY basis Healthcare, Life Sciences & Services grew 7.2% on a constant currency YoY basis Americas grew 6.8% on a constant currency YoY basis India and Middle East grew 20.9% on a constant currency YoY basis APAC and Other Emerging Markets grew 12.3% on a constant currency YoY basis Geographies Product Engineering Services grew 16.2% on a YoY reported basis Wipro Analytics grew 8.4% on a YoY reported basis Business Process Service grew 5.9% on a YoY reported basis Business units Service Lines The growth percentages have been calculated based on USD revenues for the Business Unit/ Service line/ Geography

Looking ahead * Guidance is based on the following exchange rates: GBP/USD at 1.50, Euro/USD at 1.07, AUD/USD at 0.72, USD/INR at 66.13 and USD/CAD at 1.37 Looking ahead for the quarter ending March 31, 2016 We expect the Revenue from our IT Services business to be in the range of $ 1,875 million to $ 1,912 million* Jan Feb Apr May Jun Jul Aug Sep Oct Nov Dec 2015-16 Mar

Supplemental Data Key Operating Metrics of IT Services

Key Operating Metrics in IT Services for the Quarter ended December 31, 2015 Particulars Q3’16 Q2’16 Q3’15 Revenue Composition Global Media & Telecom 13.4% 13.4% 13.8% Finance Solutions 26.2% 26.7% 25.7% Manufacturing & Hitech 18.4% 18.7% 18.3% Healthcare, Life Sciences & Services 12.0% 11.4% 11.7% Retail, Consumer Goods & Transportation 15.6% 15.1% 14.1% Energy, Natural Resources & Utilities 14.4% 14.7% 16.4% Geography Composition Americas 52.8% 53.0% 51.4% Europe 24.8% 25.2% 27.6% India & Middle East Business 11.0% 10.6% 9.6% APAC & Other Emerging Markets 11.4% 11.2% 11.4% People related Number of employees 170,664 168,396 156,866

Thank You Jatin.Dalal@wipro.com Jatin Dalal Senior Vice President & Chief Financial Officer

Appendix

Reconciliation of Selected GAAP measures to Non-GAAP measures Reconciliation of Gross Cash WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores) As of Dec 31, 2015 Computation of Gross cash position Cash and cash equivalents 8,997 Available for sale investments - current 15,165 Interest bearing deposits with corporates - current 6,462 Total 30,624 WIPRO LIMITED AND SUBSIDIARIES (Amounts in INR crores) Three months ended Dec 31, 2015 Profit for the period [A] 2,234 Computation of Free cash flow Net cash generated from operating activities 2,183 Add/(deduct) cash inflow/(outflow) on : Purchase of Property,plant and equipment (118) Proceeds from sale of Property,plant and equipment 37 Free cash flow attributable to equity holders of the company [B] 2,102 Free cash flow as a percentage of Net income [B/A] 94% Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($MN) Three months ended December 31, 2015 Three months ended December 31, 2015 IT Services Revenue as per IFRS $1,838.3 IT Services Revenue as per IFRS $1,838.3 Effect of Foreign currency exchange movement $ 19.8 Effect of Foreign currency exchange movement $ 69.9 Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates $ 1,858.1 Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year $1,908.2 Reconciliation of Free Cash Flow Reconciliation of Non-GAAP constant currency Revenue 1 crores=10 million

Exhibit 99.3

LOGO

Exhibit 99.3 Wipro Limited CIN: L32102KA1945PLC020800 Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560035, India. Website: www.wipro.com Email id - info@wipro.com Tel: +91-80-2844 0011 Fax: +91-80-2844 0054 Extract of statutorily audited consolidated financial results of Wipro Limited and its Subsidiaries for the Quarter and Nine months ended December 31, 2015 prepared in compliance with the International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. in millions, except share and per share data, unless otherwise stated) Particulars Quarter ended Nine months ended Quarter ended December 31, 2015 December 31, 2015 December 31,2014 Total income from operations (net) 129,516 378,890 120,851 Net Profit / (Loss) from ordinary activities after tax 22,430 66,871 22,031 Net Profit / (Loss) for the period after tax (after Extraordinary items) 22,430 66,871 22,031 Equity Share Capital 4,941 4,941 4,937 Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of previous year ended 31st March, 2015 and 31st March, 2014 respectively) 403,045 403,045 338,567 Earnings Per Share (before extraordinary items) (of Rupee2/- each) Basic: 9.09 27.10 8.92 Diluted: 9.07 27.05 8.88 Earnings Per Share (after extraordinary items) (of Rupee2/- each) Basic: 9.09 27.10 8.92 Diluted: 9.07 27.05 8.88 The consolidated interim financial results of the Company for the quarter and nine months ended December 31, 2015 have been approved by the Board of Directors of the Company at its meeting held on January 18, 2016. The statutory auditors have expressed an unqualified audit opinion. Standalone Audited Financial Results of Wipro Limited Particulars Quarter ended December 31, 2015 Nine months ended December 31, 2015 Quarter ended December 31,2014 Total income from operations (net) 112,727 333,058 105,212 Net Profit / (Loss) from ordinary activities after tax 20,045 61,346 19,923 Net Profit / (Loss) for the period after tax (after Extraordinary items) 20,045 61,346 19,923 Equity Share Capital 4,941 4,941 4,937 Reserves (excluding Revaluation Reserve as shown in the Balance Sheet of previous year ended 31st March, 2015 and 31st March, 2014 respectively) 341,279 341,279 288,627 Earnings Per Share (before extraordinary items) (of Rupee2/- each) Basic: 8.16 24.97 8.11 Diluted: 8.14 24.93 8.07 Earnings Per Share (after extraordinary items) (of Rupee2/- each) Basic: 8.16 24.97 8.11 Diluted: 8.14 24.93 8.07 The audited interim financial results of the Company for the quarter and nine months ended December 31, 2015 have been approved by the Board of Directors of the Company at its meeting held on January 18, 2016. The statutory auditors have expressed an unqualified 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). 2. On January 18, 2016, the Board of Directors of the Company declared an interim dividend of 5 ($0.08) per equity share and ADR (250% on an equity share of par value of 2). Place: Bangalore Date: January 18, 2016 By Order of the Board For Wipro Ltd. T K Kurien Executive Director & Chief Executive Officer

Exhibit 99.4

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM

FINANCIAL STATEMENTS UNDER IFRS

AS OF AND FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2015

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

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


		As of March 31,		As of December 31,
	Notes	2015		2015		2015
						Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
ASSETS
Goodwill	5		68,078		75,361		1,139
Intangible assets	5		7,931		8,274		125
Property, plant and equipment	4		54,206		57,360		867
Derivative assets	13,14		736		237		4
Available for sale investments	7		3,867		4,391		66
Non-current tax assets			11,409		11,551		175
Deferred tax assets			2,945		3,850		58
Other non-current assets	10		14,369		13,718		207

Total non-current assets			163,541		174,742		2,641

Inventories	8		4,849		6,095		92
Trade receivables			91,531		99,959		1,510
Other current assets	10		73,359		97,751		1,477
Unbilled revenues			42,338		45,662		690
Available for sale investments	7		53,908		151,651		2291
Current tax assets			6,490		8,371		126
Derivative assets	13,14		5,077		3.486		53
Cash and cash equivalents	9		158,940		89,973		1,359

Total current assets			436,492		502,948		7,598

TOTAL ASSETS			600,033		677,690		10,239

EQUITY
Share capital			4,937		4,941		75
Share premium			14,031		14,532		220
Retained earnings			372,248		418,176		6,318
Share based payment reserve			1,312		1,950		29
Other components of equity			15,454		16,968		256

Equity attributable to the equity holders of the Company			407,982		456,567		6,898
Non-controlling interest			1,646		2,035		31

Total equity			409,628		458,602		6,929

LIABILITIES
Long - term loans and borrowings	11		12,707		16,427		248
Deferred tax liabilities			3,240		3,379		51
Derivative liabilities	13,14		71		50		1
Non-current tax liabilities			6,695		7,397		112
Other non-current liabilities	12		3,658		7,296		110
Provisions	12		5		15		—

Total non-current liabilities			26,376		34,564		522

Loans, borrowings and bank overdrafts	11		66,206		81,501		1,231
Trade payables and accrued expenses			58,745		61,918		935
Unearned revenues			16,549		19,122		289
Current tax liabilities			8,036		7,209		109
Derivative liabilities	13,14		753		908		14
Other current liabilities	12		12,223		12,622		191
Provisions	12		1,517		1,244		19

Total current liabilities			164,029		184,524		2,788

TOTAL LIABILITIES			190,405		219,088		3,310



TOTAL EQUITY AND LIABILITIES			600,033		677,690		10,239

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


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

for B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W- 100022	T K Kurien Executive Director & Chief Executive Officer	N Vaghul Director

Vijay Mathur Partner Membership No. 046476	Jatin Pravinchandra Dalal Chief Financial Officer	Rishad Premji Chief Strategy Officer & Executive Director	M Sanaulla Khan Company Secretary

Mumbai	Bangalore
January 18, 2016	January 18, 2016

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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


		Three months ended December 31,									Nine months ended December 31,
	Notes	2014			2015			2015			2014			2015			2015
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)									Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Gross revenues	17		119,929			128,605			1,943			348,125			376,116			5,682
Cost of revenues	18		(82,867	)		(90,270	)		(1,364	)		(238,675	)		(260,881	)		(3,941	)
Gross profit			37,062			38,335			579			109,450			115,235			1,741
Selling and marketing expenses	18		(7,524	)		(8,362	)		(126	)		(22,709	)		(25,114	)		(379	)
General and administrative expenses	18		(6,426	)		(7,010	)		(106	)		(19,217	)		(20,710	)		(313	)
Foreign exchange gains/(losses), net			922			911			14			3,343			2,774			42
Results from operating activities			24,034			23,874			361			70,867			72,185			1,091
Finance expenses	19		(810	)		(1,423	)		(21	)		(2,687	)		(4,298	)		(65	)
Finance and other income	20		5,035			6227			94			14,383			17,663			267
Profit before tax			28,259			28,678			434			82,563			85,550			1,293
Income tax expense	16		(6,228	)		(6,248	)		(95	)		(18,369	)		(18,679	)		(282	)

Profit for the period			22,031			22,430			339			64,194			66,871			1,011

Attributable to:
Equity holders of the Company			21,928			22,341			338			63,808			66,572			1,006
Non-controlling interest			103			89			1			386			299			6

Profit for the period			22,031			22,430			339			64,194			66,871			1,011

Earnings per equity share: Attributable to equity share holders of the Company
Basic	21		8.92			9.09			0.14			25.97			27.10			0.41
Diluted			8.88			9.07			0.14			25.85			27.05			0.41
Weighted average number of equity shares used in computing earnings per equity share
Basic			2,457,766,859			2,457,022,905			2,457,022,905			2,457,491,867			2,456,551,992			2.456.551,992
Diluted			2,469,323,243			2,462,220,926			2,462,220,926			2,468,262,835			2,461,282,411			2,461,282,411

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


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

for B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W- 100022	T K Kurien Executive Director & Chief Executive Officer	N Vaghul Director

Vijay Mathur Partner Membership No. 046476	Jatin Pravinchandra Dalal Chief Financial Officer	Rishad Premji Chief Strategy Officer & Executive Director	M Sanaulla Khan Company Secretary

Mumbai	Bangalore
January 18, 2016	January 18, 2016

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

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


		Three months ended December 31,								Nine months ended December 31,
	Notes	2014			2015			2015		2014			2015			2015
								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)								Convenience translation into US dollar in millions (unaudited) Refer Note 2(iv)
Profit for the period			22,031			22,430			339		64,194			66,871			1,011
Items that will not be reclassified to profit or loss Defined benefit plan actuarial gains/(losses)			(61	)		(25	)		—		(134	)		(749	)		(11	)

			(61	)		(25	)		—		(134	)		(749	)		(11	)

Items that may be reclassified subsequently to profit or loss
Foreign currency translation differences	15		872			147			2		2,475			3,674			56
Net change in fair value of cash flow hedges	13,16		406			716			11		836			(1,631)			(25)
Net change in fair value of available for sale investments	7,16		213			(199)			(3)		524			310			5

			1,491			664			10		3,835			2,353			36

Total other comprehensive income, net of taxes			1,430			639			10		3,701			1,604			25

Total comprehensive income for the period			23,461			23,069			349		67,895			68,475			1,036

Attributable to:
Equity holders of the Company			23,328			22,970			348		67,456			68,086			1,030
Non-controlling interest			133			99			1		439			389			6

			23,461			23,069			349		67,895			68,475			1,036

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


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

for B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W- 100022	T K Kurien Executive Director & Chief Executive Officer	N Vaghul Director

Vijay Mathur Partner Membership No. 046476	Jatin Pravinchandra Dalal Chief Financial Officer	Rishad Premji Chief Strategy Officer & Executive Director	M Sanaulla Khan Company Secretary

Mumbai	Bangalore
January 18, 2016	January 18, 2016

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

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


													Other components of equity										Equity attributable to
										Share			Foreign							Shares held			Equity attributable to
										based			currency		Cash flow					by			the equity			Non-
			Share		Share		Retained			payment			translation		hedging		Other			controlled			holders of the			controlling
Particulars	No. of Shares *		Capital		premium		earnings			reserve			reserve		reserve		reserves			trust			company			Interest			Total equity
As at April 1, 2014		2,466,317,273		4,932		12,664		314,952			1,021			10,060		499		(87	)		(542	)		343,499			1,387			344,886
Total comprehensive income for the period
Profit for the period		—		—		—		63,808			—			—		—		—			—			63,808			386			64,194
Other comprehensive income		—		—		—		—			—			2,475		836		337			—			3,648			53			3,701

Total comprehensive income for the period		—		—		—		63,808			—			2,475		836		337			—			67,456			439			67,895

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		2,378,448		5		781					(781	)		—		—		—			—			5			—			5
Dividends		—		—		—		(14,350	)		—			—		—		—			—			(14,350	)		(322	)		(14,672	)
Compensation cost related to employee share based payment transactions		—		—		—		(11	)		946			—		—		—			—			935			—			935
Sale of treasury shares #		—		—		458		—			—			—		—		—			542			1,000			—			1,000

		2,378,448		5		1,239		(14,361	)		165			—		—		—			542			(12,410	)		(322	)		(12,732	)



As at December 31, 2014		2,468,695,721		4,937		13,903		364,399			1,186			12,535		1,335		250			—			398,545			1,504			400,049

Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				78		221		5,780			19			199		21		4			—			6,322			24			6,346

#	Includes gain on sale of treasury shares

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

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


	No. of Shares*		Share capital		Share premium		Retained earnings			Share based payment reserve			Other components of equity								Shares held by controlled trust		Equity attributable to the equity holders of the Company			Non-controlling interest		Total equity
Particulars	No. of Shares*		Share capital		Share premium		Retained earnings			Share based payment reserve			Foreign currency translation reserves		Cash flow hedging reserve			Other reserve			Shares held by controlled trust		Equity attributable to the equity holders of the Company			Non-controlling interest		Total equity
As at April 1,2015		2,469,043,038		4,937		14,031		372,248			1,312			11,249		3,550			655			—		407,982			1,646		409,628
Total comprehensive income for the period
Profit for the period		—		—		—		66,572			—			—		—			—			—		66,572			299		66,871
Other comprehensive income		—		—		—		—			—			3,584		(1,631	)		(439	)		—		1,514			90		1,604

Total comprehensive income for the period		—		—		—		66,572			—			3,584		(1,631	)		(439	)		—		68,086			389		68,475

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		1,359,190		4		501		—			(501	)		—		—			—			—		4			—		4
Dividends		—		—		—		(20,701	)		—			—		—			—			—		(20,701	)		—		(20,701	)
Compensation cost related to employee share based payment transactions		—		—		—		57			1,139			—		—			—			—		1,196			—		1,196

		1,359,190		4		501		(20,644	)		638			—		—			—			—		(19,501	)		—		(19,501	)



As at December 31, 2015		2,470,402,228		4,941		14,532		418,176			1,950			14,833		1,919			216			—		456,567			2,035		458,602

Convenience translation into US $ in million (Unaudited) Refer note 2(iv)				75		220		6,318			29			224		29			3			—		6,898			31		6,929

*	Includes 16,640,212 and 14,829,824 treasury shares as of December 31, 2014 and 2015, respectively.

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


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

for B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W- 100022	T K Kurien Executive Director & Chief Executive Officer	N Vaghul Director

Vijay Mathur Partner Membership No. 046476	Jatin Pravinchandra Dalal Chief Financial Officer	Rishad Premji Chief Strategy Officer & Executive Director	M Sanaulla Khan Company Secretary

Mumbai	Bangalore
January 18, 2016	January 18, 2016

WIPRO LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

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


	Nine months ended December 31,
	2014			2015			2015
							Convenience Translation into USS in millions (Unaudited) Refer note 2(iv)
Cash flows from operating activities:
Profit for the period		64,194			66,871			1,011
Adjustments:
Loss/ (gain) on sale of property, plant and equipment and intangible assets, net		13			(10	)		—
Depreciation and amortization		9,556			10,661			161
Exchange loss, net		3,919			3,130			47
Gain on sale of investments, net		(3,212	)		(2,152	)		(33	)
Share based compensation expense		887			1,149			17
Income tax expense		18,369			18,679			282
Dividend and interest (income)/expenses, net		(10,646	)		(14,510	)		(219	)
Changes in operating assets and liabilities; net of effects from acquisitions
Trade receivables		(8,155	)		(8,036	)		(121	)
Unbilled revenue		(2,904	)		(3,161	)		(48	)
Inventories		(2,068	)		(1,246	)		(19	)
Other assets		(599	)		2,086			32
Trade payables, accrued expenses and other liabilities and provision		(2,039	)		3,589			54
Unearned revenue		3,071			2,573			39

Cash generated from operating activities before taxes		70,386			79,623			1,203

Income taxes paid net		(17,650	)		(20,027	)		(303	)

Net cash generated from operating activities		52,736			59,596			900

Cash flows from investing activities:
Purchase of property, plant and equipment		(7,265	)		(8,677	)		(131	)
Proceeds from sale of property, plant and equipment		543			501			8
Purchase of available for sale investments		(434,125	)		(674,351	)		(10,188	)
Proceeds from sale of available for sale investments		415,450			580,382			8,768
Impact of investment hedging activities, net		—			395			6.00
Investment in inter-corporate deposits		(27,500	)		(52,618	)		(795	)
Refund of inter-corporate deposits		13,500			26,500			400
Payment for deferred consideration in respect of business acquisition		(243	)		—			—
Pavment for business acquisitions, net of cash acquired		(11,349	)		(4,032	)		(61	)
Interest received		8,406			12,581			190
Dividend received		185			65			1

Net cash used in investing activities		(42,398	)		(119,254	)		(1,802	)

Cash flows from financing activities:
Proceeds from issuance of equity shares/shares pending allotment		5			4			—
Repayment of loans and borrowings		(73,202	)		(89,569	)		(1,353	)
Proceeds from loans and borrowings		83,637			100,828			1,523
Proceeds from sale of treasury shares		1,000			—			—
Interest paid on loans and borrowings		(701	)		(1,030	)		(16	)
Pavment of cash dividend (including dividend tax thereon)		(14,672	)		(20,701	)		(313	)

Net cash used in financing activities		(3,933	)		(10,468	)		(159	)

Net increase/(decrease) in cash and cash equivalents during the period		6,405			(70,126	)		(1,061	)
Effect of exchange rate changes on cash and cash equivalents		215			455			7
Cash and cash equivalents at the beginning of the period		114,201			158,713			2,398

Cash and cash equivalents at the end of the period (Note 9)		120,821			89,042			1,344

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


As per our report of even date attached	For and on behalf of the Board of Directors
for B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W- 100022	T K Kurien Executive Director & Chief Executive Officer	N Vaghul Director

Vijay Mathur Partner Membership No. 046476	Jatin Pravinchandra Dalal Chief Financial Officer	Rishad Premji Chief Strategy Officer & Executive Director	M Sanaulla Khan Company Secretary

Mumbai	Bangalore
January 18, 2016	January 18, 2016

WIPRO LIMITED AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

( LOGO 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 (collectively, “the Company” or the “Group”) is a leading India based provider of IT Services, including Business Process Services (“BPS”), globally.

Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore—560035, Karnataka, India. Wipro has its primary listing with Bombay Stock Exchange and National Stock Exchange in India. The Company’s American Depository Shares representing equity shares are also listed on the New York Stock Exchange. These condensed consolidated interim financial statements were authorized for issue by the Company’s Board of Directors on January 18, 2016.

2.	Basis of preparation of financial statements

(i)

Statement of compliance

These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards 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, 2015. These condensed consolidated interim financial statements do not include all the information required for full annual financial statements prepared in accordance with IFRS.

(ii)

Basis of preparation

These condensed consolidated interim financial statements are prepared in accordance with International Accounting Standard (IAS) 34, “Interim Financial Reporting”.

The condensed consolidated interim 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 condensed consolidated interim financial statements.

All amounts included in the condensed consolidated interim financial statements are reported in millions of Indian rupees ( LOGO 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.

(iii)

Basis of measurement

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

a.	Derivative financial instruments;

b.	Available-for-sale financial assets; and

c.	The defined benefit asset/ (liability) is recognised at the present value of the defined benefit obligation less fair value of plan assets.

(iv)

Convenience translation (unaudited)

The accompanying condensed consolidated interim financial statements have been prepared and reported in Indian rupees, the national currency of India. Solely for the convenience of the readers, the condensed consolidated interim financial statements as of and for the three months and nine months ended December 31, 2015, have been translated into United States dollars at the certified foreign exchange rate of $ 1 = LOGO 66.19, as published by the Federal Reserve Board of Governors on December 31, 2015. 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.

(v)

Use of estimates and judgment

The preparation of the condensed consolidated interim 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 condensed consolidated interim financial statements is included in the following notes:

Revenue recognition: 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.

Goodwill: Goodwill is tested for impairment at least annually and when events occur or changes in circumstances indicate that the recoverable amount of the cash generating unit is less than its carrying value. The recoverable amount of cash generating units is higher of value-in-use and fair value less cost to sell. The calculation involves use of significant estimates and assumptions which includes turnover and earnings multiples, growth rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions.

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.

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 income 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.

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 acquired, and liabilities 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.

Other estimates: The Company estimates the uncollectability of accounts receivable by analyzing historical payment patterns, customer concentrations, customer credit-worthiness and current economic trends. If the financial condition of a customer deteriorates, additional allowances may be required. The stock compensation expense is determined based on the Company’s estimate of equity instruments that will eventually vest.

Non-marketable equity investments 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.

3.	Significant accounting policies

Please refer to the Company’s Annual Report for the year ended March 31, 2015 for a discussion of the Company’s other critical accounting policies.

New

Accounting standards adopted by the Company:

The accounting policies adopted in the preparation of the condensed consolidated interim financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended March 31, 2015, except for the adoption of new standards and interpretations effective as of April 1, 2015. Although these amendments apply for the first time in the current financial year, they do not have a material impact on the condensed consolidated interim financial statements.

New accounting standards not yet adopted:

A number of new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2015, and have not been applied in preparing these condensed consolidated interim financial statements. New standards, amendments to standards and interpretations that could have a potential impact on the consolidated financial statements of the Company are:

IFRS 9 – Financial instruments

In July 2014, the IASB completed its project to replace IAS 39, Financial Instruments: Recognition and Measurement by publishing the final version of IFRS 9: Financial Instruments. IFRS 9 introduces a single approach for the classification and measurement of financial assets according to their cash flow characteristics and the business model they are managed in, and provides a new impairment model based on expected credit losses. IFRS 9 also includes new guidance regarding the application of hedge accounting to better reflect an entity’s risk management activities especially with regard to managing non-financial risks. The new standard is effective for annual reporting periods beginning on or after January 1, 2018, while early application is permitted. The application of IFRS 9 may have a material impact on the classification, measurement and presentation of the Company’s financial assets and liabilities. The Company is currently assessing the impact of adopting IFRS 9 on the Company’s consolidated financial statements.

IFRS 15 – Revenue from Contracts with Customers

IFRS 15 supersedes all existing revenue requirements in IFRS (IAS 11 Construction Contracts, IAS 18 Revenue and related interpretations). According to the new standard, revenue is recognized to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 establishes a five step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligation; changes in contract asset and liability account balances between periods and key judgments and estimates. The standard permits the use of either the retrospective or cumulative effect transition method. In September 2015, the IASB issued an amendment to IFRS 15, deferring the adoption of the standard to periods beginning on or after January 1, 2018. The Company is currently assessing the impact of adopting IFRS 15 on the Company’s consolidated financial statements.

IFRS 16 – Leases

On January 13, 2016, the International Accounting Standards Board issued the final version of 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 recognise 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 is yet to evaluate the requirements of IFRS 16 and determine the impact on its consolidated financial statements.

4.	Property, plant and equipment


	Land			Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles			Total
Gross carrying value:
As at April 1, 2014		3,687			24,062			72,310			12,347			966			113,372
Translation adjustment		5			119			815			(1	)		(8	)		930
Additions		—			307			8,996			669			26			9,998
Additions through business combination		—			96			805			161			1			1,063
Disposal / adjustments		—			(107	)		(1,869	)		(306	)		(36	)		(2,318	)

As at December 31, 2014		3,692			24,477			81,057			12,870			949			123,045

Accumulated depreciation/impairment:
As at April 1, 2014		—			3,815			52,315			9,535			944			66,609
Translation adjustment		—			49			564			3			—			616
Depreciation		—			557			6,744			1,100			10			8,411
Disposal / adjustments		—			(94	)		(1,444	)		(193	)		(31	)		(1,762	)

As at December 31, 2014		—			4,327			58,179			10,445			923			73,874

Capital work-in-progress																	4,997

Net carrying value as at December 31, 2014																	54,168

Gross carrying value:
As at April 1, 2014		3,687			24,062			72,310			12,347			966			113,372
Translation adjustment		(2	)		50			122			(120	)		(22	)		28
Additions		—			446			11,978			873			36			13,333
Additions through business combination		—			89			871			120			1			1,081
Disposal / adjustments		—			(132	)		(5,687	)		(522	)		(151	)		(6,492	)

As at March 31, 2015		3,685			24,515			79,594			12,698			830			121,322


	Land		Buildings			Plant and machinery*			Furniture fixtures and equipment			Vehicles			Total
Accumulated depreciation/impairment:
As at April 1, 2014		—		3,815			52,315			9,535			944			66,609
Translation adjustment		—		36			243			(71	)		2			210
Depreciation		—		755			9,220			1,430			12			11,417
Disposal / adjustments		—		(93	)		(5,149	)		(258	)		(149	)		(5,649	)

As at March 31, 2015		—		4,513			56,629			10,636			809			72,587

Capital work-in-progress																5,471

Net carrying value as at March 31, 2015																54,206

Gross carrying value:
As at April 1, 2015		3,685		24,515			79,594			12,698			830			121,322
Translation adjustment		12		187			1,412			70			(6	)		1,675
Additions		—		962			10,604			878			9			12,453
Additions through business combination		—		14			—			41			—			55
Disposal / adjustments		—		(36	)		(1,570	)		(699	)		(44	)		(2,349	)

As at December 31, 2015		3,697		25,642			90,040			12,988			789			133,156

Accumulated depreciation/impairment:
As at April 1, 2015		—		4,513			56,629			10,636			809			72,587
Translation adjustment		—		67			923			51			(2	)		1,039
Depreciation		—		737			8,099			842			15			9,693
Disposal / adjustments		—		(57	)		(1,154	)		(581	)		(36	)		(1,828	)

As at December 31, 2015		—		5,260			64,497			10,948			786			81,491

Capital work-in-progress																5,695

Net carrying value as at December 31, 2015																57,360

^*	Including computer equipment and software

5.	Goodwill and intangible assets

The movement

in goodwill balance is given below:


	Year ended March 31, 2015		Nine months ended December 31, 2015
Balance at the beginning of the period		63,422		68,078
Translation adjustment		1,098		3,237
Acquisition through business combination, net		3,558		4,046

Balance at the end of the period		68,078		75,361


	Intangible assets
	Customer related			Marketing related			Total
Gross carrying value:
As at April 1, 2014		3,404			1,100			4,504
Translation adjustment		(248	)		(24	)		(272	)
Acquisition through business combination		8,073			—			8,073

As at December 31, 2014		11,229			1,076			12,305

Accumulated amortization and impairment:
As at April 1, 2014		1,892			676			2,568
Translation adjustment		—			(37	)		(37	)
Amortization		812			164			976

As at December 31, 2014		2,704			803			3,507

Net carrying value as at December 31, 2014		8,525			273			8,798
Gross carrying value:
As at April 1, 2014		3,404			1,100			4,504
Translation adjustment		(1,015	)		(95	)		(1,110	)
Disposal/ adjustment		—			(100	)		(100	)
Acquisition through business combination		8,228			—			8,228

As at March 31, 2015		10,617			905			11,522

Accumulated amortization and impairment:
As at April 1, 2014		1,892			676			2,568
Translation adjustment		—			(104	)		(104	)
Disposal/ adjustment		—			(82	)		(82	)
Amortization and impairment		1,044			165			1,209

As at March 31, 2015		2,936			655			3,591

Net carrying value as at March 31, 2015		7,681			250			7,931
Gross carrying value:
As at April 1, 2015		10,617			905			11,522
Translation adjustment		(55	)		70			15
Acquisition through business combination		597			741			1,338

As at December 31, 2015		11,159			1,716			12,875

Accumulated amortization and impairment:
As at April 1, 2015		2,936			655			3,591
Translation adjustment		—			42			42
Amortization		836			132			968

As at December 31, 2015		3,772			829			4,601

Net carrying value as at December 31, 2015		7,387			887			8,274

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

6.	Business combination

ATCO I-Tek Inc.

On August 15, 2014, the Company obtained control of ATCO I-Tek Inc, a Canadian entity, by acquiring 100% of its share capital and certain assets of IT services business of ATCO I-Tek Australia (hereafter the acquisitions are collectively referred to as ‘acquisition of ATCO I-Tek’) for an all-cash consideration of LOGO 11,071 (Canadian Dollars 198 million) post conclusion of closing conditions and fair value adjustments. ATCO I-Tek provides IT services to ATCO Group. The acquisition will strengthen Wipro’s IT services delivery model in North America and Australia.

The following table presents the allocation of purchase price:


Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets		1,330		(278	)		1,052
Customer related intangibles		—		8,228			8,228
Deferred tax liabilities		—		(2,017	)		(2,017	)

Total		1,330		5,933			7,263

Goodwill							3,808

Total purchase price							11,071

The goodwill of LOGO 3,808 comprises value of expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

Designit AS

On August 6, 2015, the Company obtained control of Designit AS (“Designit”) by acquiring 100% of its share capital. Designit is a Denmark based global strategic design firm specializing in designing transformative product-service experiences. The acquisition will strengthen the Company’s digital offerings, combining engineering and transformative technology with human centered-design methods.

The acquisition was executed through a share purchase agreement for a consideration of LOGO 6,540 million (EUR 93 million) which includes a deferred earn-out component of LOGO 2,092 million (EUR 30 million), which is linked to achievement of revenues and earnings over a period of 3 years ending June 30, 2018. The fair value of the earn-out liability was estimated by applying the discounted cash flow approach considering discount rate of 13% and probability adjusted revenue and earnings estimates. This earn-out liability was fair valued at LOGO 1,287 million and recorded as part of preliminary purchase price allocation.

During the current period, an amount of LOGO 55 million (EUR 0.8 million) has been received by the Company on conclusion of certain closing conditions which has been recorded as a reduction of the purchase consideration, thereby resulting in reduction of goodwill as at December 31, 2015.

The following table presents the provisional allocation of purchase price:


Description	Pre-acquisition carrying amount		Fair value adjustments			Purchase price allocated
Net assets		586		—			586
Customer related intangibles		—		597			597
Brand		—		638			638
Non-compete agreement		—		103			103
Deferred tax liabilities		—		(290	)		(290	)

Total		586		1,048			1,634

Goodwill							4,046

Total purchase price							5,680

Net assets acquired include LOGO 359 of cash and cash equivalents and trade receivables valued at LOGO 392.

The goodwill of LOGO 4,046 comprises value of acquired workforce and expected synergies arising from the acquisition. Goodwill is not deductible for income tax purposes.

The pro-forma effects of this acquisition on the Company’s operations were not material.

The purchase consideration has been allocated on a provisional basis based on management’s estimates. The Company is in the process of making a final determination of the fair value of assets and liabilities. Finalization of the purchase price allocation may result in certain adjustments to the above allocation.

Cellent AG

On December 2, 2015, the Company entered into a share purchase agreement to acquire 100% share capital of Cellent AG, an IT consulting and software services company offering IT solutions and services to customers in Germany for a purchase consideration of EUR 80.4 million. This acquisition is expected to provide Wipro with scale and customer relationships, in the Manufacturing and Automotive domains in Germany, Switzerland and Austria region.

The acquisition was completed on January 5, 2016, after conclusion of customary closing conditions and receipt of regulatory approvals. The Company is in the process of allocating the purchase consideration to identifiable assets and liabilities.

Viteos Group

On December 23, 2015, the Company entered into an agreement to acquire Viteos Group, a BPaaS provider for the alternative investment management industry for a purchase consideration of USD 130 million. The acquisition is subject to customary closing conditions and regulatory approvals and will be completed in the quarter ending March 31, 2016.

7.	Available for sale investments

Available for sale investments consists of the following:

As at March 31, 2015

As at December 31, 2015

Cost*

Gross gain
recognized
directly in
equity

Gross loss
recognized
directly in
equity

Fair
Value

Cost*

Gross gain
recognized
directly in
equity

Gross loss
recognized
directly in
equity

Fair Value

Investment in liquid and short-term mutual funds and others

56,437

1,340

)

57,775

154,426

1,616

—

156,042

Total

56,437

1,340

)

57,775

154,426

1,616

—

156,042

Current

53,908

151,651

Non-current

3,867

4,391

*	Available for sale investments include investments amounting to 107 (March 31, 2015: Nil) pledged for entering into currency future contracts.

8.	Inventories

Inventories consist of the following:


	As at
	March 31, 2015		December 31, 2015
Stores and spare parts		932		859
Raw materials and components		5		2
Finished goods and traded goods		3,912		5,234

		4,849		6,095

9.	Cash and cash equivalents

Cash and cash equivalents as of March 31, 2015 and December 31, 2015 consist of cash and balances on deposit with banks. Cash and cash equivalents consist of the following:


	As at
	March 31, 2015		December 31, 2015
Cash and bank balances		47,198		24,951
Demand deposits with banks ⁽¹⁾		111,742		65,022

		158,940		89,973

⁽¹⁾	These deposits can be withdrawn by the Company at any time without prior notice and without any penalty on the principal.

Demand deposits with banks include deposits pledged to banks amounting to LOGO 114 (March 31, 2015: LOGO Nil).

Cash and cash equivalents consists of the following for the purpose of the cash flow statement:


	As at
	December 31, 2014			December 31, 2015
Cash and cash equivalents		122,113			89,973
Bank overdrafts		(1,292	)		(931	)

		120,821			89,042

10.

Other assets


	As at
	March 31, 2015		December 31, 2015
*Current*
Inter corporate and term deposits ^(1) (2)		38,500		64,618
Prepaid expenses		10,562		10,839
Due from officers and employees		3,488		3,867
Finance lease receivables		3,461		2,023
Advance to suppliers		2,430		1,840
Deferred contract costs		3,610		3,930
Interest receivable		5,290		5,292
Deposits		763		593
Balance with excise, customs and other authorities		1,786		1,708
Others ^(3) (4)		3,469		3,041

		73,359		97,751

*Non current*
Prepaid expenses including rentals for leasehold land		6,630		6,983
Finance lease receivables		2,899		2,163
Deferred contract costs		4,445		3,959
Deposits		65		150
Others		330		463

		14,369		13,718

Total		87,728		111,469

⁽¹⁾	Such deposits earn a fixed rate of interest and will be liquidated within 12 months.

⁽²⁾	Term deposits include deposits amounting to 114 (March 31, 2015: 300) which are lien marked as margin money deposits.

⁽³⁾	Others include 27 (March 31, 2015: 77) due from Wipro Enterprises Private Limited (formerly Wipro Enterprises Limited) and its subsidiaries.

⁽⁴⁾	Others include 370 (March 31, 2015: 400) representing assets held for sale.

11.

Loans and borrowings

A summary of loans and borrowings is as follows:


	As at
	March 31, 2015		December 31, 2015
Short-term borrowings from banks		64,335		80,574
External commercial borrowings		9,375		9,924
Obligations under finance leases		4,878		6,928
Term loans		325		502

Total loans and borrowings		78,913		97,928

12.

Other liabilities and provisions


	As at
	March 31, 2015		December 31, 2015
Other liabilities
Current:
Statutory and other liabilities		3,530		4,008
Employee benefit obligations		4,802		5,341
Advance from customers		2,200		1,495
Others ⁽¹⁾		1,691		1,778

		12,223		12,622

Non-current:
Employee benefit obligations		3,062		5,313
Others		596		1,983

		3,658		7,296

Total		15,881		19,918

⁽¹⁾	Others include 66 (March 31, 2015: 340) due to Wipro Enterprises Private Limited (formerly Wipro Enterprises Limited) and its subsidiaries


	As at
	March 31, 2015		December 31, 2015
Provisions
Current:
Provision for warranty		306		333
Others		1,211		911

		1,517		1,244

Non-current:
Provision for warranty		5		15

Total		1,522		1,259

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

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:


	As at
	March 31, 2015		December 31, 2015
Designated derivative instruments
Sell	$	836	$	896
	£	198	£	248
	€	220	€	283
	AUD	83	AUD	132
Interest rate swaps	$	150	$	150
Net investment hedges in foreign operations
Others	$	145	$	95
Non designated derivative instruments
Sell	$	1,304	$	815
	£	67	£	52
	€	60	€	82
	AUD	53	AUD	39
	¥	490	¥	490
	SGD	13	SGD	3
	ZAR	69	ZAR	109
	CAD	30	CAD	11
	CHF	10	CHF	10
Buy	$	790	$	970

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


	As at December 31,
	2014			2015
Balance as at the beginning of the period		567			4,268
Deferred cancellation gain/ (loss)		(9	)		6
Changes in fair value of effective portion of derivatives		1,046			(1,947	)

Gain/ (loss) on cash flow hedging derivatives, net		1,037			(1,941	)

Balance as at the end of the period		1,604			2,327

Deferred tax asset/ (liability) thereon		(269	)		(408	)

Balance as at the end of the period, net of deferred tax		1,335			1,919

As at March 31, 2015, December 31, 2014 and 2015, 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 hierarchy

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 financial assets and liabilities approximate their carrying amount largely due to the short-term nature of such assets and liabilities.

Investments in liquid and short-term mutual funds, which are classified as available-for-sale are measured using quoted market prices at the reporting date multiplied by the quantity held.

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

Fair value hierarchy

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

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

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

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

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


	As at March 31, 2015								As at December 31, 2015
Particulars	Fair value measurements at reporting date using								Fair value measurements at reporting date using
Particulars	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets
Derivative instruments
- Cash flow hedges		4,237		—		4,237		—		2,529		—		2,529		—
- Net investment hedges		140		—		140		—		—		—		—		—
- Others		1,436		—		912		524		1,194		—		650		544
Available for sale financial assets:
- Investment in liquid and short- term mutual funds		10,202		10,202		—		—		49,134		49,134		—		—
- Other Investments		43,706		2,046		41,660		—		102,517		2,487		100,030		—
-Investment in equity instruments		3,867		—		—		3,867		4,391		—		—		4,391
Liabilities
Derivative instruments
- Cash flow hedges		80		—		80		—		196		—		196		—
- Net investment hedges		264		—		264		—		210		—		210		—
- Others		480		—		480		—		552		—		552		—
Contingent consideration		110		—		—		110		1,612		—		—		1,612

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 on December 31, 2015, 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.

Available for sale investments (Investment in commercial papers): Fair value of available-for-sale financial assets is derived based on the indicative quotes of price and yields prevailing in the market as on December 31, 2015.

Details of assets and liabilities considered under Level 3 classification:


	Available for sale investments – Equity instruments			Derivative Assets – Others			Liabilities – Contingent consideration
Opening balance as on April 1, 2014		2,676			110			(789	)
Additions		546			433			—
Disposals/ payouts		(916	)		—			39
Measurement period adjustment to goodwill		—			—			193
Gain/loss recognized in statement of income		608			(19	)		447
Gain recognized in other comprehensive income		953			—			—

Closing balance as on March 31, 2015		3,867			524			(110	)


	Available for sale investments – Equity instruments		Derivative Assets – Others		Liabilities – Contingent consideration
Opening balance as on April 1, 2015		3,867		524		(110	)
Additions		338		—		(1,373	)
Gain/loss recognized in statement of income		—		20		—
Gain/loss recognized in foreign currency translation reserve		—		—		(45	)
Gain/loss recognized in other comprehensive income		186		—		—
Loss included in ‘Finance Expense’ – Net change in fair value (unrealized)		—		—		(84	)

Closing balance as on December 31, 2015		4,391		544		(1,612	)

Description of significant unobservable inputs to valuation:


Item	Valuation technique	Significant unobservable inputs	Input	Sensitivity of the input to fair value
Available for sale investments in unquoted equity shares	Discounted cash flow model	Long term growth rate	2%	0.5% increase (decrease) in growth rate would result in increase (decrease) in fair value of AFS investments by 44, ( 40) respectively

		Discount rate	14%	0.5% increase (decrease) in discount rate would result in increase (decrease) in fair value of AFS investments by 85 ( 91) respectively

Market multiple approach		Revenue multiple	4.1X	0.5% increase (decrease) in revenue multiple would result in increase (decrease) in fair value of AFS investments by 148 ( 152) respectively

Derivative assets	Option pricing model	Volatility of comparable companies	45%	2.5% increase (decrease) in volatility would result in increase (decrease) in fair value of the derivative asset by 34, ( 34) respectively

		Time to liquidation event	4.5 years	1 year increase (decrease) in time to liquidation event would result in increase (decrease) in fair value of the derivative asset by 67, ( 75), respectively

15.

Foreign currency translation reserve

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


	As at December 31,
	2014		2015
Balance at the beginning of the period		10,060		11,249

Translation difference related to foreign operations, net		2,475		4,174
Change in effective portion of hedges of net investment in foreign operations		—		(590	)

Total change during the period		2,475		3,584

Balance at the end of the period		12,535		14,833

16.

Income taxes

Income tax expense / (credit) has been allocated as follows:


	Three months ended December 31,						Nine months ended December 31,
	2014			2015			2014			2015
Income tax expense as per the statement of income		6,228			6,248			18,369			18,679
Income tax included in other comprehensive income on:
Unrealized gain on available for sale investments		75			(43	)		139			(47	)
Gain / (loss) on cash flow hedging derivatives		71			165			200			(310	)
Defined benefit plan actuarial gains / (losses)		(18	)		(7	)		(39	)		(211	)

Total income taxes		6,356			6,363			18,669			18,111

Income tax expense consists of the following:


	Three months ended December 31					Nine months ended December 31
	2014			2015		2014			2015
Current taxes
Domestic		4,378			4,742		14,566			14,897
Foreign		3,128			1,323		5,375			3,867

		7,506			6,065		19,941			18,764

Deferred taxes
Domestic		(176)			(32)		(487)			(296)
Foreign		(1,102	)		215		(1,085	)		211

		(1,278)			183		(1,572)			(85)

Total income tax expense		6,228			6,248		18,369			18,679

Income tax expense is net of reversal of provisions recorded in earlier periods, which are no longer required, amounting to LOGO 5 and LOGO 314 for the three months ended December 31, 2014 and 2015 respectively and LOGO 515 and LOGO 939 for the nine months ended December 31, 2014 and 2015 respectively.

17.

Revenues

Three months ended
December 31,

Nine months ended
December 31,

2014

2015

2014

2015

Rendering of services

112,291

121,764

323,932

355,098

Sale of products

7,638

6,841

24,193

21,018

Total revenues

119,929

128,605

348,125

376,116

18.

Expenses by nature


	Three months ended December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Employee compensation		57,175		61,465		168,011		181,786
Sub-contracting/technical fees		14,137		17,410		38,908		47,851
Cost of hardware and software		7,404		7,065		23,098		20,630
Travel		6,171		6,461		16,521		18,102
Facility expenses		3,880		4,316		10,917		12,441
Depreciation and amortization		3,647		3,764		9,556		10,661
Communication		1,386		1,262		3,887		3,821
Legal and professional fees		1,013		931		2,676		2,854
Rates, taxes and insurance		535		680		1,593		1,976
Advertisement		365		610		1,066		1,661
Provision for doubtful debt		65		445		642		1,108
Miscellaneous expenses		1,039		1,233		3,726		3,814

Total cost of revenues, selling and marketing and general and administrative expenses		96,817		105,642		280,601		306,705

19.

Finance expense

Three months ended
December 31,

Nine months ended
December 31,

2014

2015

2014

2015

Interest expense

360

525

1,001

Exchange fluctuation on foreign currency borrowings, net

714

1,063

2,162

3,297

Total

810

1,423

2,687

4,298

20.

Finance and other income


	Three months ended December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Interest income		4,060		5,315		10,985		15,446
Dividend income		14		11		185		65
Gain on sale of investments		961		901		3,213		2,152

Total		5,035		6,227		14,383		17,663

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 December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Profit attributable to equity holders of the Company		21,928		22,381		63,808		66,612
Weighted average number of equity shares outstanding		2,457,766,859		2,457,022,905		2,457,491,867		2,456,551,992
Basic earnings per share		8.92		9.09		25.97		27.10

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 December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Profit attributable to equity holders of the Company		21,928		22,381		63,808		66,612
Weighted average number of equity shares outstanding		2,457,766,859		2,457,022,905		2,457,491,867		2,456,551,992
Effect of dilutive equivalent share options		11,556,384		5,198,021		10,770,968		4,730,419

Weighted average number of equity shares for diluted earnings per share		2,469,323,243		2,462,220,926		2,468,262,835		2,461,282,411

Diluted earnings per share		8.88		9.07		25.85		27.05

22.

Employee benefits

a) Employee costs include


	Three months ended December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Salaries and bonus		55,718		59,536		163,678		176,388
Employee benefit plans
Gratuity		162		229		485		693
Contribution to provident and other funds		990		1,333		2,961		3,556
Share based compensation		305		367		887		1,149

		57,175		61,465		168,011		181,786

b) The employee benefit cost is recognized in the following line items in the statement of income


	Three months ended December 31,				Nine months ended December 31,
	2014		2015		2014		2015
Cost of revenues		48,528		52,133		141,836		153,968
Selling and marketing expenses		5,415		5,745		16,492		17,520
General and administrative expenses		3,232		3,587		9,683		10,298

		57,175		61,465		168,011		181,786

The Company has granted 20,000 and 2,850,400 options under RSU option plan during the three and nine months ended December 31, 2015 respectively (Nil and 2,480,000 for three and nine months ended December 31, 2014); 200,000 and 1,697,700 options under ADS during the three and nine months ended December 31, 2015 respectively (Nil and 1,689,500 for three and nine months ended December 31, 2014).

23.

Commitments and contingencies

Capital commitments: As at March 31, 2015 and December 31, 2015, the Company had committed to spend approximately LOGO 1,262 and LOGO 1,640 respectively, under agreements to purchase property and equipment. These amounts are net of capital advances paid in respect of these purchases.

Guarantees: As at March 31, 2015 and December 31, 2015, performance and financial guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies amount to approximately LOGO 21,235 and LOGO 24,078, 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, 2010 and the aggregate demand is LOGO 46,515 (including interest of LOGO 13,673). 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, 2007. 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 year ended March 31, 2004.

On similar issues for years prior to years ended March 2001, the Hon’ble High Court in Karnataka has upheld the claim of the Company under section 10A of the Act. For the years ended March 31, 2008 and March 31, 2009, the appeals are pending before Income Tax Appellate Tribunal (Tribunal). For year ended March 31, 2010, 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 Tribunal.

For year ended March 31, 2011, the Company received the draft assessment order in March 2015, on similar grounds as that of earlier years, with a demand of LOGO 7,852 (including interest of LOGO 2,547). On Company’s appeal before DRP, favorable directions have been received during this quarter ended December 31, 2015 allowing majority of the issues in favor of the company in line with the order of Hon’ble High Court.

Considering the facts and nature of disallowance and the orders of the appellate authority and the Honorable Karnataka High Court upholding the claims of the Company for earlier years, the Company believes that the final outcome of the above disputes should be in favor of the Company and there should not be any material adverse impact on the financial statements.

The Contingent liability in respect of disputed demands for excise duty, customs duty, sales tax and other matters amounts to LOGO 2,560 and LOGO 2,656 as of March 31, 2015 and December 31, 2015, respectively.

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 as follows: Banking, Financial Services and Insurance (BFSI), Healthcare and Life Sciences (HLS), Retail, Consumer, Transport and Government (RCTG), Energy, Natural Resources and Utilities (ENU), Manufacturing (MFG), Global Media and Telecom (GMT). It also includes Others which comprises dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income. Key service offering to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, digital, consulting, infrastructure outsourcing services and business process services.

IT Products: The Company is a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged software for leading international brands. In certain total outsourcing contracts of the IT Services segment, the Company delivers hardware, software products and other related deliverables. Revenue relating to the above items is reported as revenue from the sale of IT Products.

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 December 31, 2014 is as follows:


	IT Services																	IT Products		Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total			IT Products		Reconciling Items			Entity total
Revenue		29,177		13,247		16,005		18,637		20,718		15,661		—		113,445			7,740		(334	)		120,851
Segment Result		7,035		2,981		3,255		4,262		4,228		3,438		—		25,199			89		(796	)		24,492
Unallocated																(458	)		—		—			(458	)
Segment Result Total																24,741			89		(796	)		24,034
Finance expense																								(810	)
Finance and other income																								5,035
Profit before tax																								28,259
Income tax expense																								(6,228	)
Profit for the period																								22,031
Depreciation and amortization																								3,647

Information on reportable segment for the three months ended December 31, 2015 is as follows:


	IT Services																	IT Products			Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total			IT Products			Reconciling Items			Entity total
Revenue		32,322		14,719		19,158		17,708		22,683		16,557		—		123,147			6,503			(134	)		129,516
Segment Result		7,199		3,188		3,809		3,436		4,142		3,093		—		24,867			(505	)		(441	)		23,921
Unallocated																(47	)		—			—			(47	)
Segment Result Total																24,820			(505	)		(441	)		23,874
Finance expense																									(1,423	)
Finance and other income																									6,227
Profit before tax																									28,678
Income tax expense																									(6,248	)
Profit for the period																									22,430
Depreciation and amortization																									3,764

Information on reportable segment for the Nine months ended December 31, 2014 is as follows:


	IT Services																	IT Products		Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total			IT Products		Reconciling Items			Entity total
Revenue		85,653		36,713		45,951		53,792		59,721		45,933		—		327,763			24,552		(847	)		351,468
Segment Result		19,904		7,534		9,648		13,483		12,630		10,696		583		74,478			316		(2,321	)		72,473
Unallocated																(1,606	)		—		—			(1,606	)
Segment Result Total																72,872			316		(2,321	)		70,867
Finance expense																								(2,687	)
Finance and other income																								14,383
Profit before tax																								82,563
Income tax expense																								(18,369	)
Profit for the period																								64,194
Depreciation and amortization																								9,556

Information on reportable segment for the nine months ended December 31, 2015 is as follows:


	IT Services																IT Products			Reconciling Items			Entity total
	BFSI		HLS		RCTG		ENU		MFG		GMT		Others		Total		IT Products			Reconciling Items			Entity total
Revenue		95,595		41,453		54,650		52,949		66,769		47,932		—		359,348		20,119			(577	)		378,890
Segment Result		21,147		8,991		10,211		10,745		13,270		8,928		—		73,292		(574	)		(1,292	)		71,426
Unallocated																759		—			—			759
Segment Result Total																74,051		(574	)		(1,292	)		72,185
Finance expense																								(4,298	)
Finance and other income																								17,663
Profit before tax																								85,550
Income tax expense																								(18,679	)
Profit for the period																								66,871
Depreciation and amortization																								10,661

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


	Three months ended December 31				Nine months ended December 31
	2014		2015		2014		2015
India		10,649		12,075		32,388		37,502
Americas		58,735		65,551		168,744		190,706
Europe		31,818		31,309		94,069		91,944
Rest of the world		19,649		20,581		56,267		58,738

		120,851		129,516		351,468		378,890

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.

No client individually accounted for more than 10% of the revenues during the nine months ended December 31, 2014 and 2015.

Notes:

a)	‘Reconciling items’ includes elimination of inter-segment transactions, dividend income/ gains/ losses relating to strategic investments and other corporate activities.

b)	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.

c)	Revenues include excise duty of 2 and Nil for the nine months ended December 31, 2014 and 2015, respectively. For the purpose of segment reporting, the segment revenues are net of excise duty. Excise duty is reported in reconciling items.

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

e)	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 statement of income).

For evaluating performance of the individual business 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 business segments is reported in reconciling items.

g)	For evaluating the performance of the individual business segments, amortization of intangibles arising out of business combinations are reported in reconciling items.

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. Corporate treasury provides internal financing to the business units offering multi-year payments terms. 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.

25.

List of subsidiaries as of December 31, 2015 are provided in the table below:


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC (formerly Wipro, Inc.)			USA
	Wipro Gallagher Solutions, Inc.	Opus Capital Markets Consultants LLC	USA USA

	Infocrossing, Inc.		USA
	Wipro Promax Analytics Solutions LLC [Formerly Promax Analytics Solutions Americas LLC]		USA

	Wipro Insurance Solutions LLC Wipro Data Centre and Cloud Services, Inc. (formerly Macaw Merger, Inc.) Wipro IT Services, Inc.		USA USA 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 (Mauritius) Limited			Mauritius
	Wipro Holdings UK Limited		U.K.
		Wipro Information Technology Austria GmbH^(A) (Formerly Wipro Holdings Austria GmbH) Wipro Digital Aps^(A)	Austria Denmark
		3D Networks (UK) Limited Wipro Europe Limited (formerly SAIC Europe Limited) ^(A)	U.K. U.K.
		Wipro Promax Analytics Solutions (Europe) Limited (formerly Promax Analytics Solutions (Europe) Ltd)	UK


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Cyprus Private Limited			Cyprus
	Wipro Doha LLC^#		Qatar
	Wipro Technologies S.A DE C.V		Mexico
	Wipro BPO Philippines LTD. Inc		Philippines
	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary

	Wipro Technologies Argentina SA		Argentina
	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Limited^*		Saudi Arabia
	Wipro Poland Sp. Z.o.o		Poland
	Wipro IT Services Poland Sp. z o. o		Poland
	Wipro Technologies Australia Pty Ltd (formerly Promax Applications Group Pty Ltd)		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro Information Technology Netherlands BV.		Netherland

		Wipro Portugal S.A.^(A)	Portugal
		Wipro Technologies Limited, Russia	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 IT Services Ukraine LLC	Ukraine
		Wipro Technologies Norway AS	Norway
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C	Peru
	Wipro Technologies SRL		Romania
	PT WT Indonesia		Indonesia

	Wipro Australia Pty Limited		Australia
		Wipro Promax Holdings Pty Ltd (formerly Promax Holdings Pty Ltd) ^(A)	Australia

	Wipro (Thailand) Co Limited		Thailand

	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC		Sultanate of Oman


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Networks Pte Limited (formerly 3D Networks Pte Limited)			Singapore
	Wipro (Dalian) Limited		China

	Wipro Technologies SDN BHD		Malaysia

Wipro Chengdu Limited			China

Wipro Airport IT Services 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 Limited and 74% of the equity securities of Wipro Airport IT Services Limited.

^#	51% of equity securities of Wipro Doha LLC are held by a local share holder. However, the beneficial interest in these holdings is with the Company.

The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’ and ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa.

Wipro LLC a wholly owned subsidiary of Wipro Limited has invested in Drivestream Inc and holds 19.02% of equity.

^(A)	Step Subsidiary details of Wipro Information Technology Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Promax Holdings Pty Ltd and Wipro Digital Aps are as follows:


Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information Technology Austria GmbH (Formerly Wipro Holdings Austria GmbH)		Austria
	Wipro Technologies Austria GmbH	Austria
	New Logic Technologies SARL	France

Wipro Europe Limited (formerly SAIC Europe Limited)		U.K.
	Wipro UK Limited	U.K.
	Wipro Europe SARL	France

Wipro Portugal S.A.		Portugal
	SAS Wipro France	France
	Wipro Retail UK Limited	U.K.
	Wipro do Brasil Technologia Ltda	Brazil
	Wipro Technologies Gmbh	Germany
	Wipro Do Brasil Sistemetas De Informatica Ltd	Brazil

Wipro Promax Holdings Pty Ltd (formerly Promax Holdings Pty Ltd)		Australia
	Wipro Promax IP Pty Ltd (formerly PAG IP Pty Ltd)	Australia

Wipro Digital Aps	Designit A/S Designit Denmark A/S Designit MunchenGmbH Denextep Consulting S.L Designit Oslo A/S Designit Sweden AB Designit T.L.V Ltd. Designit Tokyo Ltd.	Denmark Denmark Denmark Germany Spain Norway Sweden Israel Japan

26.

Bank Balances

Details of balances with banks as of December 31, 2015 are as follows:


Bank Name	In Current Account		In Deposit Account		Total
Axis Bank		9		21,650		21,659
Bank of Baroda		—		17,640		17,640
Citi Bank		15,122		1,429		16,551
ICICI Bank		37		7,760		7,797
Yes Bank		1		4,900		4,901
Canara Bank		—		4,150		4,150
Oriental Bank of Commerce		—		4,000		4,000
HSBC		2,236		1,322		3,558
Wells Fargo Bank		1,945		—		1,945
HDFC		106		931		1,037
Bank of Montreal		720		—		720
Saudi British Bank		213		440		653
Corporation Bank		—		500		500
BMO Harris Bank		487		—		487
Standard Chartered Bank		360		—		360
Others including cash and cheques on hand		3,715		300		4,015

Total		24,951		65,022		89,973

27.

Events after the reporting period

On January 18, 2016, the Board of Directors of the Company declared an interim dividend of LOGO 5 ($ 0.08) per equity share and ADR (250% on an equity share of par value of LOGO 2).

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


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

for B S R & Co. LLP	T K Kurien	N Vaghul
Chartered Accountants	Executive Director	Director
Firm’s Registration No: 101248W/W-100022	& Chief Executive Officer

Vijay Mathur	Jatin Pravinchandra Dalal	Rishad Premji	M Sanaulla Khan
Partner	Chief Financial Officer	Chief Strategy Officer	Company Secretary
Membership No. 046476		& Executive Director

Mumbai	Bangalore
January 18, 2016	January 18, 2016

Exhibit 99.5

WIPRO LIMITED

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

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

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2015

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


	Particulars	Quarter ended									Nine months ended						Year ended
	Particulars	December 31, 2015			September 30, 2015			December 31, 2014			December 31, 2015			December 31, 2014			March 31, 2015
1	Income from operations
	a) Net Sales/income from operations (net of excise duty)		129,516			125,668			120,851			378,890			351,466			473,180
	b) Other operating income		—			—			—			—			—			—
	Total income from operations (net)		129,516			125,668			120,851			378,890			351,466			473,180
2	Expenses
	a) Cost of materials consumed		—			—			5			1			34			34
	b) Purchase of stock-in-trade		7,599			6,241			8,928			21,840			24,933			34,454
	c) (Increase)/Decrease in inventories of finished stock, work-in-progress and stock in process		(583	)		(836	)		(1,622	)		(1,322	)		(2,080	)		(2,588	)
	d) Employee benefits expense		61,465			61,314			57,175			181,786			168,011			224,838
	e) Depreciation and amortisation expense		3,764			3,530			3,647			10,661			9,556			12,823
	f) Sub contracting/technical fees/third party application		17,410			15,880			14,137			47,851			38,908			52,303
	g) Other expenses		15,987			15,250			14,547			45,888			41,237			55,893
	Total expenses		105,642			101,379			96,817			306,705			280,599			377,757
3	Profit from operations before other income, finance costs and exceptional items (1-2)		23,874			24,289			24,034			72,185			70,867			95,423
4	Other Income		6,227			6,194			5,035			17,663			14,383			19,859
5	Profit from ordinary activities before finance costs and exceptional items (3+4)		30,101			30,483			29,069			89,848			85,250			115,282
6	Finance Costs		1,423			1,589			810			4,298			2,687			3,599
7	Profit from ordinary activities after finance costs but before exceptional items (5-6)		28,678			28,894			28,259			85,550			82,563			111,683
8	Exceptional items		—			—			—			—			—			—
9	Profit from ordinary activities before tax (7+8)		28,678			28,894			28,259			85,550			82,563			111,683
10	Tax expense		6,248			6,486			6,228			18,679			18,369			24,624
11	Net profit from ordinary activities after tax (9-10)		22,430			22,408			22,031			66,871			64,194			87,059
12	Extraordinary items (net of tax expense)		—			—			—			—			—			—
13	Net profit for the period (11+12)		22,430			22,408			22,031			66,871			64,194			87,059
14	Share of Profit/(loss) of associates		—			—			—			—			—			—
15	Minority interest		(89	)		(54	)		(103	)		(299	)		(386	)		(531	)
16	Net profit after taxes, minority interest and share of profit of associates (13+14+15)		22,341			22,354			21,928			66,572			63,808			86,528
17	Paid up equity share capital (Face value 2 per share)		4,941			4,940			4,937			4,941			4,937			4,937
18	Reserves excluding revaluation reserves as per balance sheet of previous accounting year		403045			403,045			338,567			403,045			338,567			403,045
19	EARNINGS PER SHARE (EPS) (of 2/- each)
	*Before extraordinary items*
	Basic (in )		9.09			9.10			8.92			27.10			25.97			35.25
	Diluted (in )		9.07			9.08			8.88			27.05			25.85			35.13
	*After extraordinary items*
	(of 2/- each)
	Basic (in )		9.09			9.10			8.92			27.10			25.97			35.25
	Diluted (in )		9.07			9.08			8.88			27.05			25.85			35.13

1.	The consolidated interim financial results of the Company for the quarter and nine months ended December 31, 2015 have been approved by the Board of Directors of the Company at its meeting held on January 18, 2016. The statutory auditors have expressed an unqualified audit opinion.

The above consolidated interim financial results have been prepared from the condensed consolidated interim 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”).

The total revenue from operations represent the aggregate revenue and includes foreign exchange gains / (losses), net amounting to LOGO

911,

533 and

922 for the quarter ended December 31, 2015, September 30, 2015 and December 31, 2014, respectively, LOGO

2,774 and

3,343 for the nine months ended December 31, 2015 and December 31, 2014, respectively and LOGO

3,637 for the year ended March 31, 2015 and is net of excise duty amounting to Nil, Nil and Nil for the quarter ended December 31, 2015, September 30, 2015 and December 31, 2014, respectively, Nil and LOGO

2 for the nine months ended December 31, 2015 and December 31, 2014, respectively and LOGO

2 for the year ended March 31, 2015.

4.	List of subsidiaries as of December 31, 2015 are provided in the table below:


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
Wipro LLC (formerly Wipro, Inc.)			USA
	Wipro Gallagher Solutions, Inc.		USA
		Opus Capital Markets Consultants LLC	USA
	Infocrossing, Inc.		USA
	Wipro Promax Analytics Solutions LLC [Formerly Promax Analytics Solutions Americas LLC]		USA
	Wipro Insurance Solutions LLC Wipro Data Centre and Cloud		USA
	Services, Inc. (formerly Macaw Merger, Inc.)		USA
	Wipro IT Services, Inc.		USA
Wipro Overseas IT Services Pvt. Ltd			India
Wipro Japan KK			Japan
Wipro Shanghai Limited			China
Wipro Trademarks Holding Limited			India
Wipro Travel Services Limited			India
Wipro Holdings (Mauritius) Limited			Mauritius
	Wipro Holdings UK Limited		U.K.
		Wipro Information Technology Austria GmbH^(A) (Formerly	Austria
		Wipro Holdings Austria GmbH) Wipro Digital Aps^(A)	Denmark


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		3D Networks (UK) Limited Wipro Europe Limited ((formerly SAIC Europe Limited)) ^(A)	U.K. U.K.
		Wipro Promax Analytics Solutions (Europe) Limited [formerly Promax Analytics Solutions (Europe) Ltd]	UK
Wipro Cyprus Private Limited			Cyprus

	Wipro Doha LLC^#		Qatar

	Wipro Technologies S.A DE C. V		Mexico

	Wipro BPO Philippines LTD. Inc		Philippines

	Wipro Holdings Hungary Korlátolt Felelősségű Társaság		Hungary

	Wipro Technologies Argentina SA		Argentina

	Wipro Information Technology Egypt SAE		Egypt
	Wipro Arabia Limited*		Saudi Arabia
	Wipro Poland Sp. z o. o		Poland
	Wipro IT Services Poland Sp. z o. o		Poland

	Wipro Technologies Australia Pty Ltd (formerly Promax Applications Group Pty Ltd)		Australia
	Wipro Corporate Technologies Ghana Limited		Ghana
	Wipro Technologies South Africa (Proprietary) Limited		South Africa
		Wipro Technologies Nigeria Limited	Nigeria
	Wipro Information Technology Netherlands BV.		Netherland
		Wipro Portugal S.A.^(A)	Portugal
		Wipro Technologies Limited, Russia	Russia
		Wipro Technology Chile SPA	Chile
		Wipro Solutions Canada Limited	Canada
		Wipro Information Technology Kazakhstan LLP	Kazakhstan


Subsidiaries	Subsidiaries	Subsidiaries	Country of Incorporation
		Wipro Technologies W.T. Sociedad Anonima	Costa Rica
		Wipro Outsourcing Services (Ireland) Limited	Ireland
		Wipro IT Services Ukraine LLC	Ukraine
		Wipro Technologies Norway AS	Norway
		Wipro Technologies VZ, C.A.	Venezuela
		Wipro Technologies Peru S.A.C	Peru
	Wipro Technologies SRL		Romania
	PT WT Indonesia		Indonesia
	Wipro Australia Pty Limited		Australia
		Wipro Promax Holdings Pty Ltd (formerly Promax Holdings Pty Ltd) ^(A)	Australia
	Wipro (Thailand) Co Limited		Thailand
	Wipro Bahrain Limited WLL		Bahrain
	Wipro Gulf LLC		Sultanate of Oman
Wipro Networks Pte Limited (formerly 3D Networks Pte Limited)	Wipro (Dalian) Limited		Singapore China
	Wipro Technologies SDN BHD		Malaysia
Wipro Chengdu Limited			China
Wipro Airport IT Services 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 Limited and 74% of the equity securities of Wipro Airport IT Services Limited.

#	51% of equity securities of Wipro Doha LLC are held by a local share holder. However, the beneficial interest in these holdings is with the Company.

The Company controls ‘The Wipro SA Broad Based Ownership Scheme Trust’ and ‘Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD incorporated in South Africa.

Wipro LLC a wholly owned subsidiary of Wipro Limited has invested in Drivestream, Inc. and holds 19.02% of equity.

^(A)	Step Subsidiary details of Wipro Information Technology Austria GmbH, Wipro Europe Limited, Wipro Portugal S.A, Wipro Promax Holdings Pty Ltd and Wipro Digital Aps are as follows:


Subsidiaries	Subsidiaries	Country of Incorporation
Wipro Information Technology Austria GmbH (Formerly Wipro Holdings Austria GmbH)		Austria
	Wipro Technologies Austria GmbH	Austria
	New Logic Technologies SARL	France
Wipro Europe Limited (formerly SAIC Europe Limited)		U.K.
	Wipro UK Limited	U.K.
	Wipro Europe SARL	France
Wipro Portugal S.A.		Portugal
	SAS Wipro France	France
	Wipro Retail UK Limited	U.K.
	Wipro do Brasil Technologia Ltda	Brazil
	Wipro Technologies Gmbh	Germany
	Wipro Do Brasil Sistemetas De Informatica Ltd	Brazil
Wipro Promax Holdings Pty Ltd (formerly Promax Holdings Pty Ltd)		Australia
	Wipro Promax IP Pty Ltd (formerly PAG IP Pty Ltd)	Australia
Wipro Digital Aps	Designit A/S Designit Denmark A/S Designit MunchenGmbH Denextep Consulting S.L Designit Oslo A/S Designit Sweden AB Designit T.L.V Ltd. Designit Tokyo Ltd.	Denmark Denmark Denmark Germany Spain Norway Sweden Israel Japan

5.	Segment Information

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

Information on reportable segment for the quarter ended December 31, 2015, September 30, 2015 and December 31, 2014, and nine months ended December 31, 2015 and December 31, 2014, and year ended March 31, 2015 is as follows:


	Quarter ended									Nine months ended						Year ended
Particulars	December 31, 2015			September 30, 2015			December 31, 2014			December 31, 2015			December 31, 2014			March 31, 2015
Revenue
IT Services
BFSI		32,322			32,253			29,177			95,595			85,653			115,505
HLS		14,719			13,746			13,247			41,453			36,713			49,884
RCTG		19,158			18,112			16,005			54,650			45,951			62,209
ENU		17,708			17,664			18,637			52,949			53,792			71,229
MFG		22,683			22,562			20,718			66,769			59,721			80,303
GMT		16,557			16,091			15,661			47,932			45,933			61,050
Others		—			—			—			—			—			—

Total of IT Services		123,147			120,428			113,445			359,348			327,763			440,180
IT Products		6,503			5,442			7,740			20,119			24,552			34,006
Reconciling Items		(134	)		(202	)		(334	)		(577	)		(847	)		(1,004	)

Total		129,516			125,668			120,851			378,890			351,468			473,182

Segment Result
IT Services
BFSI		7,199			6,935			7,035			21,147			19,904			27,378
HLS		3,188			3,044			2,981			8,991			7,534			10,565
RCTG		3,809			3,262			3,255			10,211			9,648			13,190
ENU		3,436			3,497			4,262			10,745			13,483			17,561
MFG		4,142			4,801			4,228			13,270			12,630			17,127
GMT		3,093			3,137			3,438			8,928			10,696			13,574
Others		—			—			—			—			583			583
Unallocated		(47	)		276			(458	)		759			(1,606	)		(2,329	)

Total of IT Services		24,820			24,952			24,741			74,051			72,872			97,649
IT Products		(505	)		(208	)		89			(574	)		316			374
Reconciling Items		(441	)		(455	)		(796	)		(1,292	)		(2,321	)		(2,600	)

Total		23,874			24,289			24,034			72,185			70,867			95,423
Finance Expense		(1,423	)		(1,589	)		(810	)		(4,298	)		(2,687	)		(3,599	)
Finance and Other Income		6,227			6,194			5,035			17,663			14,383			19,859

Profit before tax		28,678			28,894			28,259			85,550			82,563			111,683

Notes:

a)	‘Reconciling items’ includes elimination of inter-segment transactions, dividend income/ gains/ losses relating to strategic investments and other corporate activities.

b)	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.

Revenues include excise duty amounting to Nil, Nil and Nil for the quarter ended December 31, 2015, September 30, 2015 and December 31, 2014, respectively, Nil and LOGO

2 for the nine months ended December 31, 2015 and December 31, 2014, respectively and LOGO

2 for the year ended March 31, 2015. For the purpose of segment reporting, the segment revenues are net of excise duty. Excise duty is reported in reconciling items.

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

e)	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 statement of income).

g)	For evaluating the performance of the individual business segments, amortization of intangibles arising out of business combinations are reported in reconciling items.

6.	Subsequent Events

On January 18, 2016, the Board of Directors of the Company declared an interim dividend of LOGO 5 ($ 0.08) per equity share and ADR (250% on an equity share of par value of LOGO 2)


By order of the Board,				For, Wipro Limited

				T K Kurien
Place: Bangalore				Executive Director &
Date: January 18, 2016				Chief Executive Officer

Exhibit 99.6

Wipro Limited

Results for the Quarter December 31, 2015

Operating Metrics Pertaining to IT Services Segment

A. IT Services


		FY 15-16									FY 14-15
		Q3			Q2			Q1			FY			Q4			Q3
Revenue & OM%	IT Services Revenues ($M)		1,838.3			1,831.9			1,794.1			7,081.6			1,774.5			1,795.4
	Sequential Growth		0.3	%		2.1	%		1.1	%		7.0	%		-1.2	%		1.3	%
	Sequential Growth in Constant Currency		1.4	%		3.1	%		0.2	%					1.2	%		3.7	%
	Operating Margin%		20.2	%		20.7	%		21.0	%		22.2	%		22.0	%		21.8	%
Service Line Mix	Practices*
	Global Infrastructure Services		28.1	%		28.0	%		28.0	%		27.1	%		27.9	%		27.7	%
	Analytics		7.4	%		7.5	%		7.5	%		7.1	%		7.1	%		7.0	%
	Business Process Services		9.8	%		9.8	%		9.3	%		9.5	%		9.4	%		9.5	%
	Product Engineering		8.0	%		7.9	%		7.7	%		7.1	%		7.6	%		7.1	%
	Application Services		46.7	%		46.8	%		47.5	%		49.2	%		48.0	%		48.7	%
	R&D Business		10.4	%		10.5	%		10.3	%		9.8	%		10.2	%		9.8	%
	Consulting		1.6	%		1.9	%		1.7	%		1.9	%		1.8	%		1.9	%
SBU Mix	Strategic Business Units
	Global Media & Telecom		13.4	%		13.4	%		13.2	%		13.9	%		13.5	%		13.8	%
	Finance Solutions		26.2	%		26.7	%		26.8	%		26.2	%		26.5	%		25.7	%
	Manufacturing & Hitech		18.4	%		18.7	%		18.6	%		18.2	%		18.3	%		18.3	%
	Healthcare, Life Sciences & Services		12.0	%		11.4	%		11.2	%		11.4	%		11.7	%		11.7	%
	Retail, Consumer Goods & Transportation		15.6	%		15.1	%		15.0	%		14.1	%		14.5	%		14.1	%
	Energy, Natural Resources & Utilities		14.4	%		14.7	%		15.2	%		16.2	%		15.5	%		16.4	%
Geography Mix	Geography
	Americas		52.8	%		53.0	%		52.5	%		51.0	%		51.7	%		51.4	%
	Europe		24.8	%		25.2	%		25.6	%		27.8	%		26.3	%		27.6	%
	India & Middle East business		11.0	%		10.6	%		10.6	%		9.7	%		10.7	%		9.6	%
	APAC and Other Emerging Markets		11.4	%		11.2	%		11.3	%		11.5	%		11.3	%		11.4	%
Guidance	Guidance ($MN)		1,841-1,878			1,821-1,857			1,765-1,793						1,814-1,850			1,808-1,842
	Guidance restated based on actual currency realized ($MN)		1,821-1,858			1,803-1,839			1,781-1,809						1,771-1,806			1,767-1,801
	IT Services Revenues ($M)		1,838.3			1,831.9			1,794.1			7,081.6			1,774.5			1,795.4
Customer Relationships	Customer size distribution (TTM)
	> $100M		9			10			10			11			11			10
	> $75M		17			17			17			15			15			16
	> $50M		32			31			30			31			31			31
	> $20M		85			85			86			86			86			84
	> $10M		154			154			151			150			150			153
	> $5M		247			244			244			231			231			226
	> $3M		325			321			314			311			311			300
	> $1M		536			533			537			542			542			526
Customer Metrics	Revenue from Existing customers %		97.9	%		98.5	%		99.6	%		98.1	%		96.7	%		97.7	%
	Number of new customers		39			67			36			194			65			44
	Total Number of active customers		1105			1100			1071			1054			1054			1018
	Customer Concentration
	Top customer		3.2	%		3.1	%		3.3	%		3.7	%		3.8	%		3.8	%
	Top 5		11.5	%		11.7	%		12.2	%		12.9	%		12.6	%		12.7	%
	Top 10		19.3	%		19.8	%		20.1	%		21.2	%		20.6	%		21.0	%

Page 1 of 2


		FY 15-16									FY 14-15
		Q3			Q2			Q1			FY			Q4			Q3
Currency Mix	% of Revenue
	USD		60	%		60	%		61	%		58	%		59	%		58	%
	GBP		12	%		13	%		14	%		15	%		14	%		14	%
	EUR		8	%		8	%		7	%		8	%		7	%		8	%
	INR		7	%		7	%		6	%		7	%		8	%		7	%
	AUD		4	%		4	%		4	%		4	%		4	%		4	%
	CAD		2	%		2	%		2	%		2	%		2	%		3	%
	Others		7	%		6	%		6	%		6	%		6	%		6	%
Employee Metrics	Closing Head Count - IT Services Utilization		170,664			168,396			161,789			158,217			158,217			156,866
	*(IT Services excl BPO, IFOX & I&ME)**
	Gross Utilization		66.4	%		69.5	%		71.3	%		69.4	%		70.5	%		68.5	%
	Net Utilization (excl Support)		73.8	%		77.2	%		79.4	%		76.8	%		78.0	%		75.9	%
	Net Utilization (Excluding Trainees)		78.0	%		82.3	%		81.9	%		79.1	%		80.5	%		78.8	%
	Attrition
	IT Services excl BPO and I&ME
	Voluntary TTM		16.3	%		16.4	%		16.4	%		16.5	%		16.5	%		16.5	%
	Voluntary Quarterly Annualized		16.3	%		16.8	%		16.4	%		16.5	%		15.6	%		16.4	%
	BPO %- Quarterly		9.9	%		10.2	%		12.0	%		12.8	%		13.3	%		13.1	%
	BPO % - Post Training Quarterly		8.8	%		8.5	%		9.3	%		9.9	%		9.6	%		9.1	%
	Sales & Support Staff - IT Services (avg)		13,239			13,068			12,517			11,433			11,629			11,603
	*India & Middle-East Business
B. IT Services (Excluding Infocrossing, BPO, Designit and India & Middle East Business)
Service delivery	Revenue from FPP		55.9	%		53.4	%		54.5	%		54.0	%		55.5	%		55.1	%
	Onsite revenue - % of services		53.8	%		53.9	%		54.6	%		54.0	%		53.7	%		54.3	%
	Off shore revenue - % of services		46.2	%		46.1	%		45.4	%		46.0	%		46.3	%		45.7	%

Growth Metrics For Quarter ended December 31, 2015

Seq %

YoY%

Constant
Currency Seq %

Constant
Currency YoY %

IT Services

0.3

2.4

1.4

6.3

Verticals

Global Media & Telecom

1.0

-0.2

2.7

5.4

Finance Solutions

-1.6

4.4

-0.7

7.8

Manufacturing & Hitech

-1.3

3.2

-0.6

6.6

Healthcare, Life Sciences & Services

5.2

4.9

6.0

7.2

Retail, Consumer Goods & Transportation

3.7

13.0

4.6

16.7

Energy, Natural Resources & Utilities

-1.7

-10.4

0.0

-5.3

Geography

Americas

0.0

5.3

0.3

6.8

Europe

-1.4

-8.1

1.4

-2.3

India & Middle East business

4.8

17.5

5.4

20.9

APAC and Other Emerging Markets

1.6

2.0

3.1

12.3

Practices*

Global Infrastructure Services

0.7

3.8

Analytics

-1.4

8.4

Business Process Services

1.0

5.9

Product Engineering

2.1

16.2

Application Services

0.0

-1.9

R&D Business

-0.2

9.3

Consulting

-15.2

-14.2

Constant currency revenues for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period.

*	Effective April 2015, Wipro realigned its service lines. The realigned numbers are being represented after regrouping for prior periods

Annexure to Datasheet


Segment-wise breakup of Cost of Revenues, S&M and G&A	Q3 FY 15-16 (INR Mn.)
Particulars	IT Services		IT Products		Reconciling Items			Total
Cost of revenues		84,083		6,154		33			90,270
Selling and marketing expenses		7,725		309		328			8,362
General and administrative expenses		6,518		546		(54	)		7,010

Total		98,326		7,009		307			105,642

Page 2 of 2

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