Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 235

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 235
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Contract assets and liabilities are reported in a net position on a contract-by-contract basis at the end of each reporting period.
B.Remaining performance obligations
Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes contract liabilities and amounts that will be invoiced and recognized as revenue in future periods. Applying the practical expedient, the Company has not disclosed its right to consideration from customers in an amount that corresponds directly with the value to the customer of the Company’s performance completed to date, which are contracts invoiced on time and material basis and volume based.
As at March 31, 2023, 2024 and 2025, the aggregate amount of the Transaction Price allocated to remaining performance obligations, other than those meeting the exclusion criteria above, were ₹ 317,612, ₹ 318,756 and ₹ 364,937, respectively, of which approximately 66% is expected to be recognized as revenues within two years, and the remainder thereafter. This includes contracts with a substantive enforceable termination penalty if the contract is terminated without cause by the customer, based on an overall assessment of the contract carried out at the time of inception. Historically, customers have not terminated contracts without cause.
C.Disaggregation of revenue
The tables below present disaggregated revenue from contracts with customers by business segment (refer to Note 33 “Segment Information”), sector and nature of contract. The Company believes that the below disaggregation best depicts the nature, amount, timing and uncertainty of revenue and cash flows from economic factors.
Effective April 1, 2023, the Company reorganized its segments by merging the India State Run Enterprises (“ISRE”) segment as part of its APMEA SMU within IT Services segment.
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Information on disaggregation of revenues for the year ended March 31, 2023 is as follows:

                                            IT Services                                                                                   IT Products     Total       
                                            Americas 1           Americas 2           Europe             APMEA             Total                                      
A. Revenue                                                                                                                                                            
Rendering of services                       ₹       260,143      ₹       277,024      ₹     255,435      ₹    106,227      ₹    898,829   ₹           -   ₹    898,829
Sale of products                                          -                    -                  -                 -                 -           6,047          6,047
                                            ₹       260,143      ₹       277,024      ₹     255,435      ₹