Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 226

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 226
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 is determined using market approach primarily based on market multiples method.

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

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).
There were no transfers between Level 1, 2 and 3 during the years ended March 31, 2024 and 2025.

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

                                                                                 As at March 31, 2024                                                                             As at March 31, 2025                                                                          
                                                                                 Fair value measurements at reporting date                                                        Fair value measurements at reporting date                                                     
                                                                                 Total                    Level 1                 Level 2                  Level 3                Total                    Level 1                 Level 2                  Level 3             
Assets                                                                                                                                                                                                                                                                          
Derivative instruments:                                                                                                                                                                                                                                                         
Cash flow hedges                                                                      ₹        968             ₹    -                  ₹    968                 ₹    -                 ₹        715             ₹    -                  ₹    715                 ₹    -         
Others                                                                                390                           -                  390                           -                        1,105                  -                       1,105                    -         
Investments:                                                                                                                                                                                                                                                                    
Short-term mutual funds                                                                     71,686                  71,686                  -                        -                       88,776                  88,776                  -                        -         
Fixed maturity plan mutual funds                                                             1,395                  -                       1,395                    -                        1,503                  -                       1,503                    -         
Equity instruments                                                                          20,234             108                          -                        20,126                  17,448             57                           -                        17,391    
Non-convertible debentures, government securities, commercial papers and bonds             201,477                  1,282                   200,195                  -                      254,036                  10,550                  243,486                  -         
Liabilities