Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 81

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 5
Chunk 81
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Our gross loss as a percentage of our IT Products segment revenue decreased by 239 bps for the year ended March 31, 2025 compared to our gross loss for the year ended March 31, 2024. In absolute terms, gross loss decreased by ₹ 174 million primarily due to certain low margin projects executed during the year ended March 31, 2024.
Selling and marketing expenses as a percentage of revenue from our IT Products segment increased marginally from 2.16% for the year ended March 31, 2024 to 2.19% for the year ended March 31, 2025. In absolute terms, selling and marketing expenses decreased by ₹ 30 million.
General and administrative expenses/(credit) as a percentage of revenue from our IT Products segment increased from (0.80)% for the year ended March 31, 2024 to (1.00)% for the year ended March 31, 2025. In absolute terms, credit in general and administrative expenses decreased marginally by ₹ 6 million primarily due to lower write-back in lifetime expected credit loss on trade receivables during the year ended March 31, 2025.

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As a result of the above, segment loss as a percentage of our revenue from our IT Products segment decreased by 256 bps, from (8.99)% to (6.43)%. In absolute terms, the segment loss of our IT Products segment decreased by ₹ 198 million.
Reconciling Items

“Reconciling Items” for the year ended March 31, 2025 includes ₹ 202 million towards certain corporate costs. “Reconciling Items” for the year ended March 31, 2024 includes restructuring costs of ₹ 6,814 million consisting of cash expenditures for employee severance-related costs and ₹ 921 million towards employee costs related to the outgoing CEO.
Acquisitions
Refer to Item 4 of this Annual Report on Form 20-F and Note 7 of the Notes to the Consolidated Financial Statements for a description of the acquisitions during the reported period.
Divestitures
There were no divestitures during the years ended March 31, 2024 and 2025.
Foreign exchange gains, net
Our net foreign exchange gains for the years ended March 31, 2024 and 2025 were ₹ 340 million and ₹ 32 million, respectively.
Our foreign exchange gains, net, comprise of:
•exchange differences arising from