# EDGAR Filing Document

**Accession Number:** 0001123799
**File Stem:** 0001193125-25-245284
**Filing Date:** 2025-10
**Character Count:** 270843
**Document Hash:** 224d3e8fb008ed53843e987dca0d6b24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-245284.hdr.sgml**: 20251021

**ACCESSION NUMBER**: 0001193125-25-245284

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251021

**DATE AS OF CHANGE**: 20251021

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WIPRO LTD
- **CENTRAL INDEX KEY:** 0001123799
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-16139
- **FILM NUMBER:** 251407828

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SURVEY #76P & #80P DODDAKANAHALLI VILLAG
- **STREET 2:** VARTHUR HOBLI SARJAPUR RD BANGALORE
- **CITY:** KARNATAKA
- **PROVINCE COUNTRY:** K7
- **ZIP:** 560035
- **BUSINESS PHONE:** 91-80-2844-0011

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SURVEY #76P & #80P DODDAKANAHALLI VILLAG
- **STREET 2:** VARTHUR HOBLI SARJAPUR RD BANGALORE
- **CITY:** KARNATAKA
- **PROVINCE COUNTRY:** K7
- **ZIP:** 560035

**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 September 2025** 

**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 ☒ 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 ☒

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 ☒

**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** 

Wipro Limited, a company organized under the laws of the Republic of India (the "**Company**"), hereby furnishes the Commission with the following information concerning its public disclosures regarding its results of operations for the quarter ended September 30, 2025. The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

On October 16, 2025, the Company announced its results of operations for the quarter ended September 30, 2025. The Company issued a press release announcing its results under International Financial Reporting Standards ("**IFRS**"), a copy of which is attached to this Form 6-K as <u>Item 99.1</u>.

The Company placed advertisements in certain Indian newspapers concerning its results of operations for the quarter ended September 30, 2025, under IFRS. A copy of the form of this advertisement is attached to this Form 6-K as <u>Item 99.2</u>.

The Company made available on its website the Condensed Consolidated Interim Financial Statements for the quarter ended September 30, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as <u>Item 99.3</u>.

The Company filed with stock exchanges in India a statement of statutorily audited consolidated financial results for the quarter ended September 30, 2025, under IFRS. A copy of such financial statements is attached to this Form 6-K as <u>Item 99.4</u>.

The Company filed with stock exchanges in India a data sheet containing operating metrics for the quarter ended September 30, 2025. A copy of such data sheet is attached to this Form 6-K as <u>Item 99.5</u>.

------

**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 | WIPRO LIMITED |
| By: | /s/ Aparna Chandrashekar Iyer |
| Aparna Chandrashekar Iyer | Aparna Chandrashekar Iyer |
| *Chief Financial Officer* | *Chief Financial Officer* |
| Dated: October 21, 2025 | Dated: October 21, 2025 |

---

------

**INDEX TO EXHIBITS** 

---

| | |
|:---|:---|
| **Item** |  |
| 99.1 | [IFRS Press Release](d62510dex991.htm) |
| 99.2 | [Form of Advertisement Placed in Indian Newspapers](d62510dex992.htm) |
| 99.3 | [Consolidated Interim Financial Statements under IFRS](d62510dex993.htm) |
| 99.4 | [Statutorily Audited Consolidated Financial Results filed with stock exchanges in India](d62510dex994.htm) |
| 99.5 | [Data sheet containing operating metrics filed with stock exchanges in India](d62510dex995.htm) |

---

## Exhibit 99.1

**Exhibit 99.1** 

FOR IMMEDIATE RELEASE

![LOGO](g62510g1021175045718.jpg)

**Wipro announces results for the Quarter ended September 30, 2025** 

Large deal booking at $2.9Bn, grew 90.5% YoY, overall deal bookings at $4.7Bn

Revenue grew 0.3% QoQ in CC terms; Net income growth of 1.2% YoY

Q2'26 adjusted operating margin at 17.2%, expands 0.4% YoY

Operating cash flows at 103.8% of net income

**EAST BRUNSWICK, N.J. \| BANGALORE, India – October 16, 2025**: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended September 30, 2025.

**<u>Highlights of the Results</u>**

**Results for the Quarter ended September 30, 2025:** 

1. Gross revenue at ₹ 227.0 billion ($2,556.6 million<sup>1</sup>), increase of 2.5% QoQ and 1.8% YoY.

2. IT services segment revenue was at $2,604.3 million, increase of 0.7% QoQ and decrease of 2.1% YoY.

3. Non-GAAP <sup>2</sup> constant
currency IT Services segment revenue increased 0.3% QoQ and decreased 2.6% YoY.

4. Total bookings<sup>3</sup> was at $4,688 million, down by 6.1%
QoQ and up by 30.9% YoY in constant currency<sup>2</sup>. Large deal bookings<sup>4</sup> was at $2,853 million, an increase of 6.7% QoQ and 90.5% YoY in
constant currency<sup>2</sup>.

5. IT services operating margin<sup>5</sup> for Q2'26 was 16.7%,
impacted by a provision of ₹ 1,165 million ($13.1 million<sup>1</sup>) made with respect to bankruptcy of a customer.
Adjusted for this event, IT Services Margin for the quarter was 17.2%, contraction of 0.1% QoQ and expansion of 0.4% YoY.

6. Net income for the quarter was at ₹ 32.5 billion ($365.6 million<sup>1</sup>), decrease of 2.5% QoQ and increase of 1.2% YoY.

7. Earnings per share for the quarter at ₹ 3.1 ($0.03<sup>1</sup>), decrease of 2.5% QoQ and increase of 1.0% YoY.

8. Operating cash flows of ₹ 33.9 billion ($381.5 million<sup>1</sup>), decrease of 17.6% QoQ and 20.7% YoY and at 103.8% of Net Income for the
quarter.

9. Voluntary attrition was at 14.9% on a trailing 12-month basis.

------

**<u>Outlook for the Quarter ending December 31, 2025</u>**

We expect revenue from our IT Services business segment to be in the range of $2,591 million to $2,644 million\*. This translates to sequential guidance of (-)0.5% to (+)1.5% in constant currency terms. The guidance stated above does not include any expected revenue from the recently announced acquisition of Harman Digital Transformation Solutions.

*\*Outlook for the Quarter ending December 31, 2025, is based on the following exchange rates: GBP/USD at 1.35, Euro/USD at 1.16, AUD/USD at 0.65, USD/INR at 87.21 and CAD/USD at 0.72* 

**<u>Performance for the Quarter ended September 30, 2025</u>**

**Srini Pallia, CEO and Managing Director, said** *"Our revenue momentum is strengthening, with Europe and APMEA returning to growth, and our operating margins holding steady within the narrow band. Bookings surpassed $9.5 billion for H1 FY26. Our strategy is clear: remain resilient, adapt to global shifts, and lead with AI. I am excited to bring Wipro Intelligence<sup>™</sup> to our clients, helping them scale confidently and shape the future in an AI-first world."*

**Aparna Iyer, Chief Financial Officer, said** *"We are gradually returning to growth trajectory with three of our four SMUs growing sequentially in Q2. All key financial parameters continue to remain strong. Our large deal bookings in the first two quarters have now surpassed the large deal booking for full year FY'25. Our adjusted margins for Q2 expanded by 0.4% YoY. EPS for the quarter grew 1% YoY. Lastly, our cash flow conversion continues to remain strong with operating cash flow at 104% of our net income for Q2."*

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated into
United States Dollars at the certified foreign exchange rate of US$1 = ₹ 88.78, as published by the Federal Reserve Board of Governors on September 30, 2025.
However, the realized exchange rate in our IT Services business segment for the quarter ended September 30, 2025, was US$1= ₹ 86.94

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

3. Total Bookings refers to the total contract value of all orders that were booked during the period including
new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency
exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2.

4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.

5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.

------

**<u>Highlights of Strategic Deal Wins</u>**

In Q2'26, Wipro continued to win large and strategic deals across industries. Key highlights include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Wipro has secured a multi-year infrastructure modernization engagement with a leading European financial
institution. As part of this engagement, Wipro will deliver centralized modernization services across compute, database, middleware, network, and storage towers, enabling seamless cloud migration and data center consolidation. This transformation
will help the client streamline operations, simplify infrastructure management, accelerate digital initiatives, and achieve long-term operational and cost efficiencies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. A prominent European utility provider selected Wipro to deploy a Utilities CPQ (Configure, Price, Quote)
solution aimed at transforming customer engagement and operational workflows across its retail divisions. Leveraging its trusted utilities industry presence, Wipro Consulting worked extensively with the client to co-create a strategic roadmap demonstrating the solution's architecture and value proposition. This engagement is expected to drive faster growth and significantly streamline the quote-to-cash process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Wipro has secured a multi-year engagement with a leading U.S. healthcare company, expanding a decade-long
partnership. The engagement spans new geographies and includes AI-driven modernization of health insurance platforms to enable proactive care and smarter clinical decisions. A large-scale cloud migration and
transformation will enhance scalability of solutions, optimize resource allocation, and strengthen patient data protection for the client. Leveraging its deep healthcare expertise and AI-infused delivery,
Wipro is helping the client bring innovation closer to members, providers, and employees. This win reinforces Wipro's commitment to making healthcare accessible, intelligent, and deeply human through technology.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A US-based global technology leader has awarded Wipro a strategic
engagement to scale its public cloud networking and storage infrastructure. Through this engagement, Wipro will accelerate the client's speed to market by expanding cloud capacity and streamlining the migration of applications and services. By
integrating AI-powered tools, Wipro will reduce build-out cycle times, enhance infrastructure reliability, and ensure high service availability— significantly
minimizing downtime and improving end-user experience.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. In an AI-led new deal, Wipro will deploy a modular Agentic AI framework
for a leading UK-based financial services group to transform the way payments data is analyzed and consumed. The solution, built on a flexible cloud-native platform, will create data products such as
intelligence dashboards, predictive models, fraud detection alerts and compliance reports. These data products will help the client to analyze complex datasets in real-time, delivering instant insights to accelerate decision-making across strategy,
operations and compliance functions. Wipro's Intelligent Agents will remove technical barriers, driving higher user engagement and, thereby, significantly improving efficiencies through faster and trusted insights.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. A leading US-based healthcare payer has chosen Wipro as a strategic
technology partner to transform its operations across enrollment, billing, and claims management process. By leveraging AI-powered delivery to manage end-to-end member services, Wipro will help the client boost productivity, improve agility, and deliver meaningful cost efficiencies. The engagement also includes deploying a modular Agentic AI framework to
enhance provider support, streamline operations, and elevate customer satisfaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. A leading North American retailer has extended its contract with Wipro to transform its services and operations
portfolio. Wipro will implement a scalable, AI-enabled delivery model to increase productivity, streamline processes, and enhance customer satisfaction. The engagement also focuses on consolidating service
delivery and simplifying vendor management, driving measurable gains in cost efficiency, operational scale, and customer experience.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. A global consumer health company has awarded Wipro a strategic AI-led engagement to elevate service delivery and automate its invoice processing. Through this deal, Wipro will deploy AI-powered invoice automation platform to streamline data validation, automate invoice indexing,
and enable intelligent invoice handling. The solution will reduce manual errors, enhance touchless processing, accelerate approval process, and lower operational costs to boost efficiency, compliance, and scalability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. A leading financial services provider in India has engaged Wipro to modernize its digital banking platforms
through a dedicated engineering hub. Leveraging Wipro's deep domain expertise and proven delivery capability, the solution included cloud infrastructure management, platform engineering, and site reliability practices for the client across
mobile and online banking. This strategic transformation will afford the client measurable improvements in customer experience, system resilience, operational efficiency, and a future-ready technology stack.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Following the merger of four regional rural banks in India, Wipro was selected to spearhead a strategic digital
overhaul. With its strong capabilities in banking technology, Wipro Consulting co-created a roadmap with the client to transition over 1,500 branches to a unified core banking system. This engagement is set to
improve customer service consistency, boost agility, and enable seamless enterprise-wide integration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Wipro has secured a strategic engagement with a leading European telecom provider to modernize its digital and

enabling proactive and predictive IT operations, faster incident resolution, and improved service reliability. The engagement will also introduce Conversational AI and autonomous operations. A dedicated design studio, led by Designit, Wipro's
experience innovation company, will serve as a hub for rapid innovation, business ideation, and solutioning to reimagine the delivery of transformative experiences. Through AI-led development and intelligent
automation, Wipro will help reduce overheads, boost agility, and unlock sustained productivity.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. A leading global financial services firm has renewed its strategic engagement with Wipro to transform its
enterprise operations and technology landscape. Wipro will continue to deliver key technology initiatives including application development and modernization, infrastructure support, cybersecurity, and workflow orchestration. Wipro will also
automate and service middle and back-office operational processes including global tax, client onboarding, accounting, treasury, asset servicing, investor services, and portfolio reporting. This ongoing initiative will establish a roadmap towards
outcome-based managed services, enabling improved performance and delivery quality, pricing transparency, and a scalable global framework to support long-term growth.

**<u>Analyst Recognition</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Wipro was named as a Leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined
Vehicles 2025 Vendor Assessment (Doc # US51813124 Sept 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Wipro was recognized as a Leader in ISG Provider
Lens<sup>™</sup> - Network - Software Defined Solutions and Services 2025 - US (multiple quadrants)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Wipro was ranked as a Leader in Avasant's Healthcare Payor Digital Services 2025 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Wipro was named as a Leader in ISG Provider Lens<sup>™</sup> -
Cybersecurity - Solutions and Services 2025 - US & UK (all quadrants)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Wipro was featured as a Horizon 3 - Market Leader in the HFS Semiconductor Horizons: The Best of Service
Providers across the Value Chain, 2025 report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Wipro was recognized as a Leader in Everest Group's Talent Readiness for Next-generation Cloud Services
PEAK Matrix<sup>®</sup> Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Wipro was rated as a Leader in ISG Provider Lens<sup>™</sup> -
Google Cloud Partner Ecosystem 2025 - US & Europe (all quadrants)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Wipro was positioned as a Leader in the 2025 Gartner<sup>®</sup>
Magic Quadrant<sup>™</sup> for Public Cloud IT Transformation Services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Wipro was recognized as a Leader in Everest Group's Global Capability Center (GCC) Transformation
Capabilities in India – PEAK Matrix<sup>®</sup> Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Wipro was ranked as a Leader in Avasant's Mortgage Business Process Transformation 2025 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Wipro was rated as a Leader in Avasant's Utilities Digital Services 2025 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Wipro was positioned as a Leader in Everest Group's Digital Workplace Services PEAK Matrix<sup>®</sup> Assessment 2025 – Global

*Source & Disclaimer: \*Gartner, "Magic Quadrant for Public Cloud IT Transformation Services", Tobi Bet, et al, 4 August 2025.* 

*GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.* 

*Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner's research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.* 

*The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this press release, and the opinions expressed in the Gartner Content are subject to change without notice.* 

**<u>IT Products</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. IT Products segment revenue for the quarter was ₹ 1.1 billion ($12.7 million<sup>1</sup>)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. IT Products segment results for the quarter were ₹ 0.1 billion ($1.1 million<sup>1</sup>)

------

Please refer to the table on page 12 for reconciliation between IFRS IT Services Revenue and IT Services Revenue on a non-GAAP constant currency basis.

**<u>About Key Metrics and Non-GAAP Financial Measures</u>**

This press release contains key metrics and 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 13 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. Further, in the normal course of business, we may divest a portion of our business which may not be strategic. We refer to the growth rates in both reported and constant currency adjusting for such divestments in order to represent the comparable growth rates.

Our key metrics and non-GAAP financial measures are 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. Our key metrics and non-GAAP financial measures are not comparable to, nor should be substituted for, an analysis of our revenue over time and involve estimates and judgments. In addition to our non-GAAP measures, 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 September 30, 2025, prepared under IFRS, along with individual business segment reports, are available in the Investors section of our website** <u>www.wipro.com/investors/</u>

**Quarterly Conference Call** 

We will hold an earnings conference call today at 07:00 p.m. Indian Standard Time (8:30 a.m. U.S. Eastern Time) to discuss our performance for the quarter. The audio from the conference call will be available online through a webcast and can be accessed at the following link- <u>https://links.ccwebcast.com/?EventId=WIP16102025</u>

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 <u>www.wipro.com</u>

------

**About Wipro Limited** 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our clients, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at <u>www.wipro.com</u>

---

| | |
|:---|:---|
| **Contact for Investor Relations** | **Contact for Media & Press** |
| <br> Abhishek Jain | <br> Dinesh Joshi |
| Phone: +91-80-6142 6143 | Phone: +91 92052-64001 |
| <u>abhishek.jain2@wipro.com</u> | <u>media-relations@wipro.com</u> |

---

**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, the benefits its customers experience 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, complete proposed corporate actions, 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 <u>www.sec.gov</u>. 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** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION** 

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

---

| | | | |
|:---|:---|:---|:---|
|  | **As at March 31, 2025** | **As at September 30, 2025** | **As at September 30, 2025** |
|  |  |  | **Convenience translation into U.S. Dollar<br>in millions (unaudited) at the rate of** ₹**88.78** |
|  **ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 325014 | 339417 | 3823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 27450 | 25108 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 80684 | 79067 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right-of-Use assets | 25598 | 28079 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | ^ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 26458 | 42831 | 483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables | 299 | 638 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 4664 | 4821 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments accounted for using the equity method | 1327 | 1586 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets | 2561 | 3692 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  | 1728 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax assets | 7230 | 6398 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current assets | 7460 | 7974 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current assets** | **508745** | **541339** | **6098** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 694 | 740 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 1820 | 17 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 411474 | 380582 | 4287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 121974 | 130837 | 1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables | 117745 | 118626 | 1336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables | 64280 | 74475 | 839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 8448 | 8919 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets | 15795 | 14982 | 169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets | 6417 | 8617 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current assets | 29128 | 31541 | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current assets** | **777775** | **769336** | **8665** |
|  **TOTAL ASSETS** | **1286520** | **1310675** | **14763** |
|  **EQUITY** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital | 20944 | 20968 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share premium | 2628 | 5144 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 716477 | 731071 | 8235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based payment reserve | 6985 | 6169 | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Economic Zone Re-investment reserve | 27778 | 26596 | 300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other components of equity | 53497 | 70766 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity attributable to the equity holders of the Company** | **828309** | **860714** | **9695** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 2138 | 1906 | 21 |
|  **TOTAL EQUITY** | **830447** | **862620** | **9716** |
|  **LIABILITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and borrowings | 63954 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 22193 | 25119 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 4 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 7793 | 5503 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities | 16443 | 15189 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax liabilities | 42024 | 41010 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current liabilities | 17119 | 20031 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 294 | 228 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current liabilities** | **169820** | **107084** | **1207** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans, borrowings and bank overdrafts | 97863 | 128507 | 1447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 8025 | 8011 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 968 | 4696 | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses | 88252 | 89171 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 3878 | 6084 | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities | 20063 | 21315 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities | 34481 | 47937 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current liabilities | 31086 | 33803 | 381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 1637 | 1447 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current liabilities** | **286253** | **340971** | **3840** |
|  **TOTAL LIABILITIES** | **456073** | **448055** | **5047** |
|  **TOTAL EQUITY AND LIABILITIES** | **1286520** | **1310675** | **14763** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ^ Value is less than 0.5 |  |  |  |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME** 

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2025** | **2025** | **2024** | **2025** | **2025** |
|  |  |  | **Convenience translation into<br>US dollar in millions<br>(unaudited) at the rate of**<br> ₹**88.78** |  |  | **Convenience translation into<br>U.S. Dollar in millions<br>(unaudited) at the rate of**<br> ₹**88.78** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues | 223016 | 226973 | 2557 | 442654 | 448319 | 5050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of revenues | (155049) | (159832) | (1800) | (308355) | (317079) | (3572) |
|  **Gross profit** | **67967** | **67141** | **757** | **134299** | **131240** | **1478** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling and marketing expenses | (17388) | (14920) | (168) | (33232) | (30205) | (340) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses | (13034) | (14950) | (168) | (27247) | (28222) | (318) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gains/(losses), net | (396) | 558 | 6 | (602) | 740 | 8 |
|  **Results from operating activities** | **37149** | **37829** | **427** | **73218** | **73553** | **828** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance expenses | (3569) | (3612) | (41) | (6857) | (7220) | (81) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income | 9195 | 8455 | 95 | 16675 | 18872 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 3 | 152 | 2 | (42) | 202 | 2 |
|  **Profit before tax** | **42778** | **42824** | **483** | **82994** | **85407** | **962** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | (10512) | (10200) | (115) | (20362) | (19418) | (219) |
|  **Profit for the period** | **32266** | **32624** | **368** | **62632** | **65989** | **743** |
|  **Profit attributable to:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity holders of the Company | 32088 | 32462 | 366 | 62120 | 65766 | 741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 178 | 162 | 2 | 512 | 223 | 2 |
|  **Profit for the period** | **32266** | **32624** | **368** | **62632** | **65989** | **743** |
|  **Earnings per equity share:** |  |  |  |  |  |  |
|  **Attributable to equity holders of the Company** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic | 3.07 | 3.10 | 0.03 | 5.94 | 6.28 | 0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted | 3.06 | 3.09 | 0.03 | 5.93 | 6.26 | 0.07 |
|  **Weighted average number of equity shares used in computing earnings per equity share** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic | 10453511270 | 10475705330 | 10475705330 | 10452889238 | 10474157025 | 10474157025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted | 10482157874 | 10496319658 | 10496319658 | 10479772816 | 10495032480 | 10495032480 |

---

------

Information on reportable segments for the three months ended September 30, 2025, June 30, 2025, September 30, 2024, six months ended September 30, 2025, September 30, 2024, and year ended March 31, 2025 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** | **Year<br>ended** |
| **Particulars** | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **September 30,**<br>**2024** | **September 30,**<br>**2025** | **September 30,**<br>**2024** | **March 31,**<br>**2025** |
| **Particulars** | Audited | Audited | Audited | Audited | Audited | Audited |
|  **Segment revenue** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 74821 | 73097 | 68393 | 147918 | 136093 | 281824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 67011 | 67070 | 67932 | 134081 | 135270 | 271972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 59531 | 56817 | 61821 | 116348 | 122243 | 240077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 25042 | 23816 | 23811 | 48858 | 47314 | 94351 |
|  **Total of IT Services** | **226405** | **220800** | **221957** | **447205** | **440920** | **888224** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Products | 1126 | 728 | 663 | 1854 | 1132 | 2692 |
|  **Total segment revenue** | **227531** | **221528** | **222620** | **449059** | **442052** | **890916** |
|  **Segment result** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 15435 | 14994 | 13338 | 30429 | 27025 | 58186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 13122 | 13385 | 15005 | 26507 | 30538 | 61326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 6962 | 6026 | 7821 | 12988 | 13694 | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 3308 | 2979 | 3070 | 6287 | 5511 | 12850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unallocated | (1018) | 750 | (1912) | (268) | (3389) | (10157) |
|  **Total of IT Services** | **37809** | **38134** | **37322** | **75943** | **73379** | **151639** |
|  IT Products | 101 | 20 | (183) | 121 | (230) | (173) |
|  Reconciling Items | (81) | (2430) | 10 | (2511) | 69 | (195) |
|  **Total segment result** | **37829** | **35724** | **37149** | **73553** | **73218** | **151271** |
|  Finance expenses | (3612) | (3608) | (3569) | (7220) | (6857) | (14770) |
|  Finance and other income | 8455 | 10417 | 9195 | 18872 | 16675 | 38202 |
|  Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 152 | 50 | 3 | 202 | (42) | 254 |
|  **Profit before tax** | **42824** | **42583** | **42778** | **85407** | **82994** | **174957** |

---

------

**Additional Information:** 

The Company is organized into the following operating segments: **IT Services and IT Products.**

**IT Services:** The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units ("SMUs") **- Americas 1, Americas 2**, **Europe and Asia Pacific Middle East and Africa ("APMEA")**. Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

**Americas 1** includes the entire business of Latin America ("LATAM") and the following industry sectors in the United States of America: Communications, media and information services, Software and gaming, New age technology, Consumer goods, medical devices and life sciences, Healthcare, and Technology products and services. **Americas 2** includes the entire business in Canada and the following industry sectors in the United States of America: Banking and financial services, Energy, Manufacturing and resources, Capital markets and insurance, and Hi-tech.

**Europe** consists of the United Kingdom and Ireland, Switzerland, Germany, Western Europe.

**APMEA** consists of Australia and New Zealand, India, Middle East, South-East Asia, Japan and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

**IT Products**: The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

------

**<u>Reconciliation of selected GAAP measures to Non-GAAP measures</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Reconciliation of Non-GAAP Constant Currency IT Services Revenue to IT Services Revenue as per IFRS ($Mn)** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Three Months ended September 30, 2025** | &nbsp;&nbsp;&nbsp;**Three Months ended September 30, 2025** |
| &nbsp;&nbsp;&nbsp; IT Services Revenue as per IFRS | $2604.3 |
| &nbsp;&nbsp;&nbsp; Effect of Foreign currency exchange movement | 10.1) |
| &nbsp;&nbsp;&nbsp; **Non-GAAP Constant Currency IT Services Revenue based on previous quarter exchange rates** | $**2594.2** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Three Months ended September 30, 2025** | &nbsp;&nbsp;&nbsp;**Three Months ended September 30, 2025** |
| &nbsp;&nbsp;&nbsp; IT Services Revenue as per IFRS | $2604.3 |
| &nbsp;&nbsp;&nbsp; Effect of Foreign currency exchange movement | 13.5) |
| &nbsp;&nbsp;&nbsp; **Non-GAAP Constant Currency IT Services Revenue based on exchange rates of comparable period in previous year** | $**2590.8** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.**  **<u>Reconciliation of Free Cash Flow for three months and six months ended September</u> <u>30, 2025</u>** 

---

| | | |
|:---|:---|:---|
|  | *Amounts In INR Mn* | *Amounts In INR Mn* |
|  | **Three months ended<br>Sept 30, 2025** | **Six months ended<br>Sept 30, 2025** |
|  **Profit for the period [A]** | 32624 | 65989 |
|  **Computation of Free Cash Flow** |  |  |
|  **Net cash generated from operating activities [B]** | 33872 | 74991 |
|  <u>*Add/ (deduct) cash inflow/ (outflow)on:*</u> |  |  |
|  Purchase of property, plant and equipment | (3372) | (6114) |
|  Proceeds from sale of property, plant and equipment | 666 | 678 |
|  **Free Cash Flow [C]** | 31166 | 69555 |
|  **Operating Cash Flow as percentage of Net Income [B/A]** | 103.8% | 113.6% |
|  **Free Cash Flow as percentage of Net Income [C/A]** | 95.5% | 105.4% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Reconciliation of Adjusted Segment Results (Three Months ended September</u> <u>30, 2025)</u>** 

---

| | | |
|:---|:---|:---|
|  | **Amount in INR Mn** | **Operating**<br>**Margin** |
|  IT Services Segment Results | 37809 | 16.7% |
|  Effect of impact of customer bankruptcy | 1165 |  |
|  **Adjusted IT Services Segment Results** | **38974** | 17.2% |

---

**—————————————**

## Exhibit 99.2

**Exhibit 99.2**![LOGO](g62510g17k17.jpg)

FINANCIAL EXPRESS Higher interest income, lower expenses boost IOB profit

------

![LOGO](g62510g18k18.jpg)

EXTRACT OF AUDITED FINANCIAL RESULTS OF WIPRO LIMITED AND ITS SUBSIDIARIES FOR THE QUARTER ENDED AND HALF YEAR ENDED SEPTEMBER 30, 2025 Consolidated Audited Financial Results of Wipro Limited under IFRS

## Exhibit 99.3

**Exhibit 99.3** 

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS** 

**AS AT AND FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2025** 

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Notes** | **As at March 31, 2025** | **As at September 30, 2025** | **As at September 30, 2025** |
| | | | | **Convenience translation into**<br>**U.S. Dollar in millions**<br>**(unaudited) Refer to Note 2(iii)** |
|  **ASSETS** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 6 | 325014 | 339417 | 3823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 6 | 27450 | 25108 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 4 | 80684 | 79067 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right-of-Use assets | 5 | 25598 | 28079 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 17 | ^ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 7 | 26458 | 42831 | 483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables |  | 299 | 638 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 10 | 4664 | 4821 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments accounted for using the equity method |  | 1327 | 1586 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets |  | 2561 | 3692 | 42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  |  | 1728 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax assets |  | 7230 | 6398 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current assets | 11 | 7460 | 7974 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current assets** |  | **508745** | **541339** | **6098** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 8 | 694 | 740 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 17 | 1820 | 17 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 7 | 411474 | 380582 | 4287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 9 | 121974 | 130837 | 1474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables |  | 117745 | 118626 | 1336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables |  | 64280 | 74475 | 839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 10 | 8448 | 8919 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  | 15795 | 14982 | 169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets |  | 6417 | 8617 | 97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current assets | 11 | 29128 | 31541 | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current assets** |  | **777775** | **769336** | **8665** |
|  **TOTAL ASSETS** |  | **1286520** | **1310675** | **14763** |
|  **EQUITY** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital |  | 20944 | 20968 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share premium |  | 2628 | 5144 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings |  | 716477 | 731071 | 8235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based payment reserve |  | 6985 | 6169 | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Economic Zone Re-investment reserve |  | 27778 | 26596 | 300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other components of equity |  | 53497 | 70766 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity attributable to the equity holders of the Company** |  | **828309** | **860714** | **9695** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests |  | 2138 | 1906 | 21 |
|  **TOTAL EQUITY** |  | **830447** | **862620** | **9716** |
|  **LIABILITIES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and borrowings | 12 | 63954 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities |  | 22193 | 25119 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 17 |  | 4 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 14 | 7793 | 5503 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities |  | 16443 | 15189 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax liabilities |  | 42024 | 41010 | 462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current liabilities | 15 | 17119 | 20031 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 16 | 294 | 228 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current liabilities** |  | **169820** | **107084** | **1207** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans, borrowings and bank overdrafts | 12 | 97863 | 128507 | 1447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities |  | 8025 | 8011 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 17 | 968 | 4696 | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses | 13 | 88252 | 89171 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 14 | 3878 | 6084 | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities |  | 20063 | 21315 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities |  | 34481 | 47937 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current liabilities | 15 | 31086 | 33803 | 381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 16 | 1637 | 1447 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current liabilities** |  | **286253** | **340971** | **3840** |
|  **TOTAL LIABILITIES** |  | **456073** | **448055** | **5047** |
|  **TOTAL EQUITY AND LIABILITIES** |  | **1286520** | **1310675** | **14763** |

---

^ Value is less than 0.5

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

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

---

| | | | |
|:---|:---|:---|:---|
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm's Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN: 00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer | Chief Financial Officer | Company Secretary |
| Membership No.: 110815 | Membership No.: 110815 | Membership No.: 110815 | Membership No.: F4129 |
| Bengaluru | Bengaluru | Bengaluru | Bengaluru |
| October 16, 2025 | October 16, 2025 | October 16, 2025 | October 16, 2025 |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  |<br>**Notes** | **2024** | **2025** | **2025** | **2024** | **2025** | **2025** |
|  | | | | **Convenience<br>translation into**<br>**US dollar in<br>millions<br>(unaudited)<br>Refer to Note**<br>**2(iii)** | | | **Convenience<br>translation into**<br>**U.S. Dollar in<br>millions<br>(unaudited)<br>Refer to Note**<br>**2(iii)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenues | 20 | 223016 | 226973 | 2557 | 442654 | 448319 | 5050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of revenues | 21 | (155049) | (159832) | (1800) | (308355) | (317079) | (3572) |
|  **Gross profit** |  | **67967** | **67141** | **757** | **134299** | **131240** | **1478** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling and marketing expenses | 21 | (17388) | (14920) | (168) | (33232) | (30205) | (340) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses | 21 | (13034) | (14950) | (168) | (27247) | (28222) | (318) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gains/(losses), net | 23 | (396) | 558 | 6 | (602) | 740 | 8 |
|  **Results from operating activities** |  | **37149** | **37829** | **427** | **73218** | **73553** | **828** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance expenses | 22 | (3569) | (3612) | (41) | (6857) | (7220) | (81) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income | 23 | 9195 | 8455 | 95 | 16675 | 18872 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net profit/ (loss) of associate and joint venture accounted for using the equity method |  | 3 | 152 | 2 | (42) | 202 | 2 |
|  **Profit before tax** |  | **42778** | **42824** | **483** | **82994** | **85407** | **962** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 19 | (10512) | (10200) | (115) | (20362) | (19418) | (219) |
|  **Profit for the period** |  | **32266** | **32624** | **368** | **62632** | **65989** | **743** |
|  **Profit attributable to:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity holders of the Company |  | 32088 | 32462 | 366 | 62120 | 65766 | 741 |
|  Non-controlling interests |  | 178 | 162 | 2 | 512 | 223 | 2 |
|  **Profit for the period** |  | **32266** | **32624** | **368** | **62632** | **65989** | **743** |
|  **Earnings per equity share:** | 24 |  |  |  |  |  |  |
|  **Attributable to equity holders of the Company** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  | 3.07 | 3.10 | 0.03 | 5.94 | 6.28 | 0.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  | 3.06 | 3.09 | 0.03 | 5.93 | 6.26 | 0.07 |
|  **Weighted average number of equity shares used in computing earnings per equity share** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  | 10453511270 | 10475705330 | 10475705330 | 10452889238 | 10474157025 | 10474157025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  | 10482157874 | 10496319658 | 10496319658 | 10479772816 | 10495032480 | 10495032480 |

---

The accompanying notes form an integral part of these interim condensed consolidated financial statements <br> As per our report of even date attached For and on behalf of the Board of Directors

---

| | | | |
|:---|:---|:---|:---|
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm's Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN: 00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer |  | Company Secretary |
| Membership No.: 110815 |  |  | Membership No.: F4129 |
| Bengaluru |  |  |  |
| October 16, 2025 |  |  |  |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** 

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2025** | **2025** | **2024** | **2025** | **2025** |
|  | | | **Convenience<br>translation into<br>US dollar in<br>millions<br>(unaudited) Refer<br>to Note 2(iii)** | | | **Convenience<br>translation into<br>U.S. Dollar in<br>millions<br>(unaudited) Refer<br>to Note 2(iii)** |
|  **Profit for the period** | **32266** | **32624** | **368** | **62632** | **65989** | **743** |
|  **Other comprehensive income (OCI)** |  |  |  |  |  |  |
|  **Items that will not be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of the defined benefit plans, net | 323 | 238 | 3 | 381 | 9 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in equity instruments measured at fair value through OCI | 153 | (62) | (1) | (166) | (63) | (1) |
|  | **476** | **176** | **2** | **215** | **(54)** | **(1)** |
|  **Items that will be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation differences | 5115 | 13355 | 150 | 3716 | 19938 | 225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income | 13 |  |  | 13 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in time value of option contracts designated as cash flow hedges, net of taxes | (368) | 58 | 1 | (364) | (216) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes | (103) | (744) | (9) | (18) | (574) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of forward contracts designated as cash flow hedges, net of taxes | (673) | (1772) | (20) | (455) | (1773) | (20) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes | 390 | (565) | (6) | 574 | 23 | ^ |
|  | **4374** | **10332** | **116** | **3466** | **17398** | **197** |
|  Total other comprehensive income, net of taxes | 4850 | 10508 | 118 | 3681 | 17344 | 196 |
|  **Total comprehensive income for the period** | **37116** | **43132** | **486** | **66313** | **83333** | **939** |
|  **Total comprehensive income attributable to:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity holders of the Company | 36942 | 42898 | 483 | 65807 | 83035 | 936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 174 | 234 | 3 | 506 | 298 | 3 |
|  | **37116** | **43132** | **486** | **66313** | **83333** | **939** |

---

^ Value is less than 0.5

---

| | |
|:---|:---|
| The accompanying notes form an integral part of these interim condensed consolidated financial statements | The accompanying notes form an integral part of these interim condensed consolidated financial statements |
| As per our report of even date attached | For and on behalf of the Board of Directors |

---

---

| | | | |
|:---|:---|:---|:---|
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm's Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN: 00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer |  | Company Secretary |
| Membership No.: 110815 |  |  | Membership No.: F4129 |
| Bengaluru |  |  |  |
| October 16, 2025 |  |  |  |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY** 

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

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | | | **Other components of equity** | **Other components of equity** | **Other components of equity** | **Equity<br>attributable<br>to the equity<br>holders of<br>the Company** | **Non-controlling<br>interests** | **Total equity** |
| **Particulars** |<br>**Number of<br>shares <sup>(1)</sup>** |<br>**Share capital,<br>fully paid-up** |<br>**Share<br>premium** |<br>**Retained<br>earnings** |<br>**Share-<br>based<br>payment<br>reserve** |<br>**Special<br>Economic<br>Zone<br>Re-investment<br>reserve** | **Foreign<br>currency<br>translation<br>reserve <sup>(2)</sup>** | **Cash flow<br>hedging<br>reserve <sup>(3)</sup>** | **Other<br>reserves <sup>(2)</sup>** | **Equity<br>attributable<br>to the equity<br>holders of<br>the Company** | **Non-controlling<br>interests** | **Total equity** |
|  **As at April 1, 2024** | **5225138246** | **10450** | **3291** | **630936** | **6384** | **42129** | **47261** | **578** | **8854** | **749883** | **1340** | **751223** |
|  **Comprehensive income for the period** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit for the period |  |  |  | 62120 |  |  |  |  |  | **62120** | 512 | **62632** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income |  |  |  |  |  |  | 3721 | (837) | 803 | **3687** | (6) | **3681** |
|  **Total comprehensive income for the period** | **—** | **—** | **—** | **62120** | **—** | **—** | **3721** | **(837)** | **803** | **65807** | **506** | **66313** |
|  Issue of equity shares on exercise of options | 6244459 | 13 | 2709 |  | (2709) |  |  |  |  | **13** |  | **13** |
|  Compensation cost related to employee share-based payment |  |  |  |  | 2640 |  |  |  |  | **2640** |  | **2640** |
|  Transferred from Special Economic Zone Re-investment reserve |  |  |  | 632 |  | (632) |  |  |  | **—** |  | **—** |
|  Others |  |  |  |  |  |  |  |  |  | **—** | (48) | **(48)** |
|  **Other transactions for the period** | **6244459** | **13** | **2709** | **632** | **(69)** | **(632)** | **—** | **—** | **—** | **2653** | **(48)** | **2605** |
|  **As at September 30, 2024** | **5231382705** | **10463** | **6000** | **693688** | **6315** | **41497** | **50982** | **(259)** | **9657** | **818343** | **1798** | **820141** |

---

<sup>(1)</sup> Includes 5,952,740 treasury shares held as at September 30, 2024 by a controlled trust. <sup></sup>

<sup>(2)</sup> Refer to Note 18

<sup>(3)</sup> Refer to Note 17

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY** 

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

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | | | **Other components of equity** | **Other components of equity** | **Other components of equity** | | **Non-controlling<br>interests** | **Total equity** |
| **Particulars** |<br>**Number of<br>shares <sup>(1)</sup>** |<br>**Share capital,<br>fully paid-up** |<br>**Share<br>premium** |<br>**Retained<br>earnings** |<br>**Share-<br>based<br>payment<br>reserve** |<br>**Special<br>Economic<br>Zone<br>Re-investment<br>reserve** | **Foreign<br>currency<br>translation<br>reserve <sup>(2)</sup>** | **Cash flow<br>hedging<br>reserve <sup>(3)</sup>** | **Other<br>reserves <sup>(2)</sup>** |<br>**Equity<br>attributable to<br>the equity<br>holders of the<br>Company** | **Non-controlling<br>interests** | **Total equity** |
|  **As at April 1, 2025** | **10472136049** | **20944** | **2628** | **716477** | **6985** | **27778** | **54500** | **(210)** | **(793)** | **828309** | **2138** | **830447** |
|  **Comprehensive income for the period** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit for the period |  |  |  | 65766 |  |  |  |  |  | **65766** | 223 | **65989** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income |  |  |  |  |  |  | 19855 | (2563) | (23) | **17269** | 75 | **17344** |
|  **Total comprehensive income for the period** | **—** | **—** | **—** | **65766** | **—** | **—** | **19855** | **(2563)** | **(23)** | **83035** | **298** | **83333** |
|  Issue of equity shares on exercise of options | 11636351 | 24 | 2516 |  | (2516) |  |  |  |  | **24** |  | **24** |
|  Dividend |  |  |  | (52354) |  |  |  |  |  | **(52354)** | (569) | **(52923)** |
|  Compensation cost related to employee share-based payment |  |  |  |  | 1700 |  |  |  |  | **1700** |  | **1700** |
|  Transferred from Special Economic Zone Re-investment reserve |  |  |  | 1182 |  | (1182) |  |  |  | **—** |  | **—** |
|  Others |  |  |  |  |  |  | (4) | 4 |  | **—** | 39 | **39** |
|  **Other transactions for the period** | **11636351** | **24** | **2516** | **(51172)** | **(816)** | **(1182)** | **(4)** | **4** | **—** | **(50630)** | **(530)** | **(51160)** |
|  **As at September 30, 2025** | **10483772400** | **20968** | **5144** | **731071** | **6169** | **26596** | **74351** | **(2769)** | **(816)** | **860714** | **1906** | **862620** |
|  **Convenience translation into U.S. Dollar in millions (unaudited) Refer to Note 2(iii)** |  | **236** | **58** | **8235** | **69** | **300** | **837** | **(31)** | **(9)** | **9695** | **21** | **9716** |

---

---

| | |
|:---|:---|
|  <sup>(1)</sup> Includes 11,905,480 treasury shares held as at September 30, 2025 by a controlled trust. | <sup>(1)</sup> Includes 11,905,480 treasury shares held as at September 30, 2025 by a controlled trust. |
|  <sup>(2)</sup> Refer to Note 18 | <sup>(2)</sup> Refer to Note 18 |
|  <sup>(3)</sup> Refer to Note 17 | <sup>(3)</sup> Refer to Note 17 |
| The accompanying notes form an integral part of these interim condensed consolidated financial statements | The accompanying notes form an integral part of these interim condensed consolidated financial statements |
| As per our report of even date attached | For and on behalf of the Board of Directors |

---

---

| | | | |
|:---|:---|:---|:---|
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm's Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN: 00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer |  | Company Secretary |
| Membership No.: 110815 |  |  | Membership No.: F4129 |
| Bengaluru |  |  |  |
| October 16, 2025 |  |  |  |

---

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**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** 

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

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| | | | |
|:---|:---|:---|:---|
|  | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2025** | **2025** |
|  | | | **Convenience translation<br>into U.S. Dollar in<br>millions (unaudited)<br>Refer to Note 2(iii)** |
|  **Cash flows from operating activities** |  |  |  |
|  Profit for the period | 62632 | 65989 | 743 |
|  **Adjustments to reconcile profit for the period to net cash generated from operating activities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of property, plant and equipment, net | (843) | (530) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation, amortization and impairment expense | 15597 | 13772 | 155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized exchange (gain)/loss, net | 279 | 2587 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation expense | 2640 | 1700 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net (profit)/loss of associate and joint venture accounted for using equity method | 42 | (202) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 20362 | 19418 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income, net of finance expenses | (9818) | (11652) | (131) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration | (167) | 48 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lifetime expected credit loss/(write-back) | 567 | 2009 | 23 |
|  **Changes in operating assets and liabilities, net of effects from acquisitions** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in trade receivables | 6008 | (408) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in unbilled receivables and contract assets | (4034) | (9979) | (112) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in Inventories | (145) | (40) | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in other financial assets and other assets | 1103 | 456 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions | (4216) | 1157 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in contract liabilities | 724 | 920 | 10 |
|  **Cash generated from operating activities before taxes** | **90731** | **85245** | **960** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes paid, net | (8083) | (10254) | (115) |
|  **Net cash generated from operating activities** | **82648** | **74991** | **845** |
|  **Cash flows from investing activities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of property, plant and equipment | (5017) | (6114) | (69) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposal of property, plant and equipment | 1459 | 678 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of investments | (423829) | (438513) | (4939) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sale of investments | 323786 | 456635 | 5143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of security deposit for property, plant and equipment | (300) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest received | 13981 | 15366 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend received | 1 | 2 | ^ |
|  **Net cash generated from/(used in) investing activities** | **(89919)** | **28054** | **316** |
|  **Cash flows from financing activities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from issuance of equity shares and shares pending allotment | 13 | 24 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of loans and borrowings | (66333) | (154690) | (1742) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans and borrowings | 89835 | 118303 | 1332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of lease liabilities | (5054) | (5616) | (63) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for contingent consideration |  | (316) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of deferred consideration on business combination |  | (216) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest and finance expenses paid | (4177) | (3170) | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividend |  | (52354) | (590) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividend to Non-controlling interest holders |  | (569) | (6) |
|  **Net cash generated from/(used) in financing activities** | **14284** | **(98604)** | **(1111)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in cash and cash equivalents during the period | 7013 | 4441 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash and cash equivalents | 591 | 4422 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents at the beginning of the period | 96951 | 121974 | 1374 |
|  **Cash and cash equivalents at the end of the period (Refer to Note 9)** | **104555** | **130837** | **1474** |

---

^ Value is less than 0.5

The accompanying notes form an integral part of these interim condensed consolidated financial statements <br> As per our report of even date attached For and on behalf of the Board of Directors

---

| | | | |
|:---|:---|:---|:---|
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm's Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN: 00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer |  | Company Secretary |
| Membership No.: 110815 |  |  | Membership No.: F4129 |
| Bengaluru |  |  |  |
| October 16, 2025 |  |  |  |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS** 

**(**₹ **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 and controlled trusts (collectively, "**we**", "**us**", "**our**", "**the Company**" or the "**Group**") is a leading information technology services and consulting company, focused on building innovative solutions that address clients' most complex digital transformation needs. From GenAI and cloud computing to data, from silicon chip design to blockchain, our consultants, analysts, designers, and engineers work on solutions that unlock our clients' boldest ambitions.

Wipro is a public limited company incorporated and domiciled in India. The address of its registered office is Wipro Limited, Doddakannelli, Sarjapur Road, Bengaluru – 560 035, Karnataka, India. The Company has its primary listing with BSE Ltd. and National Stock Exchange of India Limited. The Company's American Depository Shares ("**ADS**") representing equity shares are also listed on the New York Stock Exchange.

The Company's Board of Directors authorized these interim condensed consolidated financial statements for issue on October 16, 2025.

**2. Basis of preparation of interim condensed consolidated financial statements** 

**(i) Statement of compliance and basis of preparation** 

The interim condensed consolidated financial statements have been prepared in compliance with IAS 34, "*Interim Financial Reporting*", 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, 2025. These interim condensed consolidated financial statements do not include all the information required for full annual financial statements prepared in accordance with International Financial Reporting Standards and its interpretations ("**IFRS**").

The interim condensed consolidated financial statements correspond to the classification provisions contained in IAS 1 *(revised)*, *"Presentation of Financial Statements"*. For clarity, various items are aggregated in the interim condensed consolidated statements of income, interim condensed consolidated statements of comprehensive income and interim condensed consolidated statements of financial position. These items are disaggregated separately in the notes to the interim condensed consolidated financial statements, where applicable. The accounting policies have been consistently applied to all periods presented in these interim condensed consolidated financial statements except for new accounting standards, amendments and interpretations adopted by the Company effective from April 1, 2025.

The assets which are expected to be realized within a period of twelve months from the end of reporting period are classified as current assets. Similarly, the liabilities which are expected to be settled within a period of twelve months from the end of reporting period are classified as current liabilities. All other assets and liabilities are classified as non-current.

All amounts included in the interim condensed consolidated financial statements are reported in millions of Indian Rupees (₹ 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. Previous period figures have been regrouped/rearranged, wherever necessary.

**(ii) Basis of measurement** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Derivative financial instruments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Financial instruments classified as fair value through other comprehensive income or fair value through profit
or loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The defined benefit liability/(asset) is recognized as the present value of defined benefit obligation less
fair value of plan assets; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Contingent consideration and liability on written put options.

**(iii) Convenience translation (unaudited)** 

The accompanying interim condensed consolidated financial statements have been prepared and reported in Indian Rupees, the functional currency of the Parent Company. Solely for the convenience of the readers, the interim condensed consolidated financial statements as at and for the three and six months ended September 30, 2025, have been translated into United States Dollars at the certified foreign exchange rate of U.S.$1 = ₹ 88.78 as published by Federal Reserve Board of Governors on September 30, 2025. 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. Due to rounding off, the translated numbers presented throughout the document may not add up precisely to the totals.

**(iv) Use of estimates and judgment** 

The preparation of the interim condensed consolidated financial statements in conformity with IFRS requires the management to make judgments, accounting estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Accounting estimates are monetary amounts in the interim condensed consolidated financial statements that are subject to measurement uncertainty. An accounting policy may require items in the interim condensed consolidated financial statements to be measured at monetary amounts that cannot be observed directly and must instead be estimated. In such a case, management develops an accounting estimate to achieve the objective set out by the accounting policy. Developing accounting estimates involves the use of judgements or assumptions based on the latest available and reliable information. Actual results may differ from those accounting estimates.

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Accounting estimates and underlying assumptions are reviewed on an ongoing basis. Changes to accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. In particular, information about material areas of estimation, uncertainty and critical judgments in applying accounting policies that have material effect on the amounts recognized in the interim condensed consolidated financial statements are included in the following notes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) **Revenue recognition:** The Company applies judgement to determine whether each product or service promised
to a customer is capable of being distinct, and is distinct in the context of the contract, if not, the promised product or service is combined and accounted as a single performance obligation. Revenue is recognized upon transfer of control of
promised products or services to customers in an amount that reflects the consideration the Company expects to receive (the "Transaction Price"). The Company allocates the Transaction Price to separately identifiable performance
obligation deliverables based on their relative stand-alone selling price. In cases where the Company is unable to determine the stand-alone selling price the Company uses expected cost-plus margin approach in estimating the stand-alone selling
price. 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, revenue recognized, profit and
timing of revenue for remaining performance obligations 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. Volume discounts are recorded as a reduction of revenue. When the amount of discount varies with the levels of revenue, volume discount is recorded based on estimate of future revenue from the customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) **Impairment testing**: Goodwill recognized on business combination is tested for impairment at least
annually and when events occur or changes in circumstances indicate that the recoverable amount of goodwill or a cash generating unit to which goodwill pertains, is less than the carrying value. The Company assesses acquired intangible assets with
finite useful life for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in-use and fair value less cost of disposal. The calculation of value in use of an asset or a cash generating unit involves use of significant estimates and assumptions which include turnover, growth
rates and net margins used to calculate projected future cash flows, risk-adjusted discount rate, future economic and market conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) **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 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 expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of deferred tax assets considered realizable, however, could reduce in the near term if estimates of future taxable income during the carry-forward period are reduced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) **Business combinations**: In accounting for business combinations, judgment is required to assess whether
an identifiable intangible asset is to be recorded separately from goodwill. Additionally, estimating the acquisition date fair value of the identifiable assets acquired (including useful life estimates), liabilities assumed, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) **Defined benefit plans and compensated absences**: The cost of the defined benefit plans, compensated
absences and the present value of the defined benefit obligations are based on actuarial valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in
these assumptions. All assumptions are reviewed at each reporting date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) **Expected credit losses on financial assets:** The impairment provisions of financial assets are based on
assumptions about risk of default and expected timing of collection. The Company uses judgment in making these assumptions and selecting the inputs to the expected credit loss calculation based on the Company's history of collections,
customer's creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) **Useful lives of property, plant and equipment**: The Company depreciates property, plant and equipment on
a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset's expected useful life and the expected residual value at the end of its life. The
lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least annually.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) **Provisions and contingent liabilities**: The Company estimates the provisions that have present
obligations as a result of past events and it is probable that outflow of resources will be required to settle the obligations. These provisions are reviewed at the end of each reporting date and are adjusted to reflect the current best estimates.

The Company uses significant judgement to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent assets are neither recognized nor disclosed in the financial statements.

**3. Material accounting policy information** 

Please refer to the Company's Annual report for the year ended March 31, 2025, for a discussion of the Company's other material accounting policy information except for new accounting standards, amendments and interpretations adopted by the Company effective on or after April 1, 2025.

**i.** **New amendment adopted by the Company effective from April 1, 2025:** 

**Amendments to IAS 21 – The Effects of Changes in Foreign Exchange Rates** 

On August 15, 2023, IASB issued 'Lack of Exchangeability (Amendments to IAS 21)' that clarifies how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking, as well as require the disclosure of information that enables users of financial statements to understand the impact of a currency not being exchangeable. These amendments are effective for annual reporting periods beginning on or after January 1, 2025, with earlier application permitted. The adoption of amendments to IAS 21 did not have any material impact on the interim condensed consolidated financial statements.

**ii.** **New amendments not yet adopted:** 

Certain new standards, amendments to standards and interpretations are not yet effective for annual periods beginning after April 1, 2025 and have not been applied in preparing these interim condensed consolidated financial statements. New standards, amendments to standards and interpretations that could have potential impact on the interim condensed consolidated financial statements of the Company are:

**IFRS 18 – Presentation and Disclosure in Financial Statements** 

On April 9, 2024, IASB issued IFRS 18 'Presentation and Disclosure in Financial Statements' which supersedes IAS 1 'Presentation of Financial Statements', aimed at improving comparability and transparency of communication in financial statements. IFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations. These categories are complemented by the requirement to present specified totals and subtotals for 'operating profit or loss', 'profit or loss before financing and income taxes' and 'profit or loss'. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financials information based on the identified 'roles' of the primary financial statements and the notes.

Consequent to above, a narrow-scope amendments have been made to IAS 7 'Statement of Cash Flows', which include changing the starting point for determining cash flows from operations under the indirect method from 'profit or loss' to 'operating profit or loss'. Further, some requirements previously included within IAS 1 have been moved to IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors' which has also been renamed IAS 8 'Basis of Preparation of Financial Statements'. IAS 34 ' Interim Financial Reporting' was amended to require disclosure of management defined performance measures. Minor consequential amendments to other standards were also made.

An entity that prepares condensed interim financial statements in accordance with IAS 34 in the first year of adoption of IFRS 18, must present the heading and mandatory subtotals it expects to use in its annual financial statement. Comparative period in both the interim and annual financial statements will need to be restated and a reconciliation of the statement of profit or loss previously published will be required for the immediately preceding comparative period. IFRS 18 and the amendments to the other standards, is effective for reporting period beginning on or after January 1, 2027 and are to be applied retrospectively, with earlier application permitted.

The Company is currently assessing the impact of adopting IFRS 18 and the amendments to other standards, on the interim condensed consolidated financial statements.

**Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments** 

On May 30, 2024, IASB issued 'Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7)' to address matters identified during the post-implementation review of IFRS 9. The amendments clarify that a financial liability is derecognized on the 'settlement date' and introduce an accounting policy choice to derecognize financial liabilities settled using an electronic payment system before settlement date. The classification of financial asset with ESG linked features has been clarified through additional guidance on the assessment of contingent features. Additional disclosures are introduced for financial instruments with contingent features and equity instruments classified as fair value through OCI. These amendments are effective for annual reporting periods beginning on or after January 1, 2026, with earlier application permitted. The Company is currently assessing the impact of adopting these amendments on the interim condensed consolidated financial statements.

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**Amendments to IFRS 9 and IFRS 7—Contracts referencing Nature-dependent electricity** 

The International Accounting Standards Board (IASB) has published amendments to IFRS 9 and IFRS 7 titled Contracts Referencing Nature-dependent Electricity. The IASB has added application guidance to IFRS 9 to address specifically whether a contract to buy electricity generated from a source dependent on natural conditions is held for the entity's own-use expectations. The amendments also address specifically how an entity applies the hedge accounting requirements in IFRS 9 when a contract referencing nature-dependent electricity with a variable nominal amount is designated as the hedging instrument. The IASB decided to add complementary disclosure requirements to IFRS 7. The amendments are effective for annual periods beginning on or after 1 January 2026, with earlier application permitted. The Company is currently assessing the impact of adopting these amendments on the interim condensed consolidated financial statements.

**4. Property, plant and equipment** 

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| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Land** | **Land** | **Buildings** | **Buildings** | **Plant and<br>equipments <sup>(1)</sup>** | **Plant and<br>equipments <sup>(1)</sup>** | **Furniture<br>and fixtures** | **Furniture<br>and fixtures** | **Office<br>equipments** | **Office<br>equipments** | **Vehicles** | **Vehicles** | **Total** | **Total** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 4375 | ₹ | 47024 | ₹ | 102513 | ₹ | 18233 | ₹ | 7514 | ₹ | 34 | ₹ | 179693 |
|  Additions |  |  |  | 758 |  | 2771 |  | 434 |  | 265 |  | 5 |  | 4233 |
|  Disposals |  |  |  | (426) |  | (4513) |  | (489) |  | (209) |  | (1) |  | (5638) |
|  Translation adjustment |  | 7 |  | 1 |  | 235 |  | 15 |  | 11 |  | (1) |  | 268 |
|  **As at September 30, 2024** | ₹ | **4382** | ₹ | **47357** | ₹ | **101006** | ₹ | **18193** | ₹ | **7581** | ₹ | **37** | ₹ | **178556** |
|  **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ |  | ₹ | 11775 | ₹ | 75549 | ₹ | 12287 | ₹ | 5932 | ₹ | 22 | ₹ | 105565 |
|  Depreciation and impairment |  |  |  | 768 |  | 5747 |  | 1090 |  | 294 |  | 2 |  | 7901 |
|  Disposals |  |  |  | (180) |  | (4379) |  | (415) |  | (184) |  | (1) |  | (5159) |
|  Translation adjustment |  |  |  | (29) |  | 190 |  | 7 |  | 5 |  | ^ |  | 173 |
|  **As at September 30, 2024** | ₹ | **—** | ₹ | **12334** | ₹ | **77107** | ₹ | **12969** | ₹ | **6047** | ₹ | **23** | ₹ | **108480** |
|  **Net carrying value as at September 30, 2024** | ₹ | **4382** | ₹ | **35023** | ₹ | **23899** | ₹ | **5224** | ₹ | **1534** | ₹ | **14** | ₹ | **70076** |
|  Capital work-in-progress |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 8746 |
|  **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | **Net carrying value including Capital work-in-progress as at September 30, 2024** | ₹ | **78822** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 4375 | ₹ | 47024 | ₹ | 102513 | ₹ | 18233 | ₹ | 7514 | ₹ | 34 | ₹ | 179693 |
|  Additions |  |  |  | 6215 |  | 10623 |  | 3143 |  | 943 |  | 10 |  | 20934 |
|  Additions through Business combination |  |  |  |  |  | 9 |  |  |  |  |  |  |  | 9 |
|  Disposals |  | (6) |  | (680) |  | (13668) |  | (1803) |  | (793) |  | (9) |  | (16959) |
|  Translation adjustment |  | 4 |  | (3) |  | 77 |  | 3 |  | (1) |  | (1) |  | 79 |
|  **As at March 31, 2025** | ₹ | **4373** | ₹ | **52556** | ₹ | **99554** | ₹ | **19576** | ₹ | **7663** | ₹ | **34** | ₹ | **183756** |
|  **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ |  | ₹ | 11775 | ₹ | 75549 | ₹ | 12287 | ₹ | 5932 | ₹ | 22 | ₹ | 105565 |
|  Depreciation and impairment |  |  |  | 1662 |  | 11050 |  | 2229 |  | 623 |  | 4 |  | 15568 |
|  Disposals |  |  |  | (410) |  | (13189) |  | (1526) |  | (730) |  | (8) |  | (15863) |
|  Translation adjustment |  |  |  | (30) |  | 49 |  | (1) |  | (4) |  | (1) |  | 13 |
|  **As at March 31, 2025** | ₹ | **—** | ₹ | **12997** | ₹ | **73459** | ₹ | **12989** | ₹ | **5821** | ₹ | **17** | ₹ | **105283** |
|  **Net carrying value as at March 31, 2025** | ₹ | **4373** | ₹ | **39559** | ₹ | **26095** | ₹ | **6587** | ₹ | **1842** | ₹ | **17** | ₹ | **78473** |
|  Capital work-in-progress |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 2211 |
|  **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | **Net carrying value including Capital work-in-progress as at March 31, 2025** | ₹ | **80684** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 4373 | ₹ | 52556 | ₹ | 99554 | ₹ | 19576 | ₹ | 7663 | ₹ | 34 | ₹ | 183756 |
|  Additions |  |  |  | 144 |  | 3004 |  | 1257 |  | 351 |  | 1 |  | 4757 |
|  Disposals |  |  |  | (412) |  | (4548) |  | (499) |  | (47) |  | (1) |  | (5507) |
|  Translation adjustment |  | 22 |  | 254 |  | 1683 |  | 144 |  | 82 |  | ^ |  | 2185 |
|  **As at September 30, 2025** | ₹ | **4395** | ₹ | **52542** | ₹ | **99693** | ₹ | **20478** | ₹ | **8049** | ₹ | **34** | ₹ | **185191** |
|  **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ |  | ₹ | 12997 | ₹ | 73459 | ₹ | 12989 | ₹ | 5821 | ₹ | 17 | ₹ | 105283 |
|  Depreciation and impairment |  |  |  | 924 |  | 4847 |  | 1216 |  | 331 |  | 3 |  | 7321 |
|  Disposals |  |  |  | (290) |  | (4485) |  | (391) |  | (38) |  | ^ |  | (5204) |
|  Translation adjustment |  |  |  | 124 |  | 1453 |  | 101 |  | 66 |  | (1) |  | 1743 |
|  **As at September 30, 2025** | ₹ | **—** | ₹ | **13755** | ₹ | **75274** | ₹ | **13915** | ₹ | **6180** | ₹ | **19** | ₹ | **109143** |
|  **Net carrying value as at September 30, 2025** | ₹ | **4395** | ₹ | **38787** | ₹ | **24419** | ₹ | **6563** | ₹ | **1869** | ₹ | **15** | ₹ | **76048** |
|  Capital work-in-progress |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 3019 |
|  **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | **Net carrying value including Capital work-in-progress as at September 30, 2025** | ₹ | **79067** |

---

^ Value is less than 0.5

<sup>(1)</sup> Including net carrying value of computer equipment and software amounting to ₹ 14,703, ₹ 16,003 and ₹ 14,705, as at September 30, 2024, March 31, 2025 and September 30, 2025, respectively. 

------

**5. Right-of-Use assets** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | **Category of Right-of-Use assets** | | |
|  | **Land** | **Land** | **Buildings** | **Buildings** | **Plant and<br>equipments** | **Plant and<br>equipments** | **Vehicles** | **Vehicles** | **Total** | **Total** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 1343 | ₹ | 28453 | ₹ | 2242 | ₹ | 849 | ₹ | 32887 |
|  Additions |  |  |  | 7251 |  |  |  | 118 |  | 7369 |
|  Disposals |  | (221) |  | (2406) |  | (2) |  | (135) |  | (2764) |
|  Translation adjustment |  |  |  | 242 |  | 67 |  | 36 |  | 345 |
|  **As at September 30, 2024** | ₹ | **1122** | ₹ | **33540** | ₹ | **2307** | ₹ | **868** | ₹ | **37837** |
|  **Accumulated depreciation:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 98 | ₹ | 13237 | ₹ | 1086 | ₹ | 511 | ₹ | 14932 |
|  Depreciation |  | 12 |  | 2671 |  | 223 |  | 89 |  | 2995 |
|  Disposals |  | (14) |  | (1992) |  | (2) |  | (131) |  | (2139) |
|  Translation adjustment |  |  |  | 130 |  | 45 |  | 20 |  | 195 |
|  **As at September 30, 2024** | ₹ | **96** | ₹ | **14046** | ₹ | **1352** | ₹ | **489** | ₹ | **15983** |
|  **Net carrying value as at September 30, 2024** | ₹ | **1026** | ₹ | **19494** | ₹ | **955** | ₹ | **379** | ₹ | **21854** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 1343 | ₹ | 28453 | ₹ | 2242 | ₹ | 849 | ₹ | 32887 |
|  Additions |  |  |  | 10822 |  | 3735 |  | 228 |  | 14785 |
|  Disposals |  | (221) |  | (4389) |  | (632) |  | (354) |  | (5596) |
|  Translation adjustment |  |  |  | 152 |  | 100 |  | 17 |  | 269 |
|  **As at March 31, 2025** | ₹ | **1122** | ₹ | **35038** | ₹ | **5445** | ₹ | **740** | ₹ | **42345** |
|  **Accumulated depreciation:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 98 | ₹ | 13237 | ₹ | 1086 | ₹ | 511 | ₹ | 14932 |
|  Depreciation |  | 21 |  | 5362 |  | 539 |  | 180 |  | 6102 |
|  Disposals |  | (13) |  | (3776) |  | (303) |  | (319) |  | (4411) |
|  Translation adjustment |  |  |  | 81 |  | 34 |  | 9 |  | 124 |
|  **As at March 31, 2025** | ₹ | **106** | ₹ | **14904** | ₹ | **1356** | ₹ | **381** | ₹ | **16747** |
|  **Net carrying value as at March 31, 2025** | ₹ | **1016** | ₹ | **20134** | ₹ | **4089** | ₹ | **359** | ₹ | **25598** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 1122 | ₹ | 35038 | ₹ | 5445 | ₹ | 740 | ₹ | 42345 |
|  Additions |  |  |  | 5237 |  |  |  | 130 |  | 5367 |
|  Disposals |  |  |  | (2897) |  | (2) |  | (81) |  | (2980) |
|  Translation adjustment |  |  |  | 1067 |  | 295 |  | 97 |  | 1459 |
|  **As at September 30, 2025** | ₹ | **1122** | ₹ | **38445** | ₹ | **5738** | ₹ | **886** | ₹ | **46191** |
|  **Accumulated depreciation:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 106 | ₹ | 14904 | ₹ | 1356 | ₹ | 381 | ₹ | 16747 |
|  Depreciation |  | 10 |  | 2602 |  | 438 |  | 106 |  | 3156 |
|  Disposals |  |  |  | (2458) |  | (2) |  | (71) |  | (2531) |
|  Translation adjustment |  |  |  | 549 |  | 140 |  | 51 |  | 740 |
|  **As at September 30, 2025** | ₹ | **116** | ₹ | **15597** | ₹ | **1932** | ₹ | **467** | ₹ | **18112** |
|  **Net carrying value as at September 30, 2025** | ₹ | **1006** | ₹ | **22848** | ₹ | **3806** | ₹ | **419** | ₹ | **28079** |

---

------

**6. Goodwill and intangible assets** 

The movement in goodwill balance is given below:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Balance at the beginning of the period** | ₹ | 316002 | ₹ | 325014 |
|  Translation adjustment |  | 7688 |  | 14403 |
|  Acquisition through Business combinations |  | 1324 |  |  |
|  **Balance at the end of the period** | ₹ | **325,014** | ₹ | **339,417** |

---

The movement in intangible assets is given below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** |
|  | **Customer-related** | **Customer-related** | **Marketing-<br>related** | **Marketing-<br>related** | **Total** | **Total** |
|  **Gross carrying value:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 43672 | ₹ | 11972 | ₹ | 55644 |
|  Deductions/adjustments |  | (4084) |  | (1979) |  | (6063) |
|  Translation adjustment |  | 220 |  | 60 |  | 280 |
|  **As at September 30, 2024** | ₹ | **39808** | ₹ | **10053** | ₹ | **49861** |
|  **Accumulated amortization/ impairment:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 18281 | ₹ | 4615 | ₹ | 22896 |
|  Amortization and impairment <sup>(1)</sup> |  | 3668 |  | 1033 |  | 4701 |
|  Deductions/adjustments |  | (4084) |  | (1979) |  | (6063) |
|  Translation adjustment |  | 105 |  | 27 |  | 132 |
|  **As at September 30, 2024** | ₹ | **17970** | ₹ | **3696** | ₹ | **21666** |
|  **Net carrying value as at September 30, 2024** | ₹ | **21838** | ₹ | **6357** | ₹ | **28195** |
|  **Gross carrying value:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 43672 | ₹ | 11972 | ₹ | 55644 |
|  Acquisition through Business combination |  | 1896 |  |  |  | 1896 |
|  Deductions/adjustments |  | (4101) |  | (2518) |  | (6619) |
|  Translation adjustment |  | 994 |  | 268 |  | 1262 |
|  **As at March 31, 2025** | ₹ | **42461** | ₹ | **9722** | ₹ | **52183** |
|  **Accumulated amortization/ impairment:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 18281 | ₹ | 4615 | ₹ | 22896 |
|  Amortization and impairment <sup>(1)</sup> |  | 6327 |  | 1582 |  | 7909 |
|  Deductions/adjustments |  | (4101) |  | (2518) |  | (6619) |
|  Translation adjustment |  | 443 |  | 104 |  | 547 |
|  **As at March 31, 2025** | ₹ | **20950** | ₹ | **3783** | ₹ | **24733** |
|  **Net carrying value as at March 31, 2025** | ₹ | **21511** | ₹ | **5939** | ₹ | **27450** |
|  **Gross carrying value:** |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 42461 | ₹ | 9722 | ₹ | 52183 |
|  Translation adjustment |  | 1564 |  | 377 |  | 1941 |
|  **As at September 30, 2025** | ₹ | **44025** | ₹ | **10099** | ₹ | **54124** |
|  **Accumulated amortization/ impairment:** |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 20950 | ₹ | 3783 | ₹ | 24733 |
|  Amortization and impairment |  | 2771 |  | 524 |  | 3295 |
|  Translation adjustment |  | 827 |  | 161 |  | 988 |
|  **As at September 30, 2025** | ₹ | **24548** | ₹ | **4468** | ₹ | **29016** |
|  **Net carrying value as at September 30, 2025** | ₹ | **19477** | ₹ | **5631** | ₹ | **25108** |

---

<sup>(1)</sup> During the six months ended September 30, 2024 and year ended March 31, 2025, decline in the revenue and earnings estimates led to revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of ₹ 1,147 for the three and six months ended September 30, 2024, and ₹ 1,155 for the year ended March 31, 2025, as part of amortization and impairment. 

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

------

**7. Investments** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
|  **Financial instruments at FVTPL** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity instruments <sup>(1)</sup> | ₹ | 4955 | ₹ | 5990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 1203 |  |  |
|  **Financial instruments at FVTOCI** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity instruments <sup>(1)</sup> |  | 12493 |  | 13403 |
|  **Financial instruments at amortized cost** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits <sup>(3)</sup> |  | 7807 |  | 23438 |
|  | ₹ | **26458** | ₹ | **42831** |
|  **Current** |  |  |  |  |
|  **Financial instruments at FVTPL** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds <sup>(2)</sup> | ₹ | 88776 | ₹ | 103433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 300 |  | 1246 |
|  **Financial instruments at FVTOCI** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures |  | 219389 |  | 203693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government securities |  | 10651 |  | 8180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial papers |  | 2858 |  | 2455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds |  | 21138 |  | 19117 |
|  **Financial instruments at amortized cost** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits <sup>(3)</sup> |  | 68362 |  | 42458 |
|  | ₹ | **411474** | ₹ | **380582** |
|  **Total** | ₹ | **437932** | ₹ | **423413** |
|  Financial instruments at FVTPL | ₹ | 95234 | ₹ | 110669 |
|  Financial instruments at FVTOCI |  | 266529 |  | 246848 |
|  Financial instruments at amortized cost |  | 76169 |  | 65896 |

---

<sup>(1)</sup> Uncalled capital commitments outstanding as at March 31, 2025 and September 30, 2025, was ₹ 1,576 and ₹ 1,331, respectively.

<sup>(2)</sup> As at March 31, 2025 and September 30, 2025, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ 233 and ₹ 239, respectively. 

<sup>(3)</sup> These deposits earn a fixed rate of interest. As at March 31, 2025 and September 30, 2025, term deposits include deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 953 and ₹ 930, respectively. 

**8. Inventories** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  Stores and spare parts | ₹ | 9 | ₹ | 4 |
|  Traded goods |  | 685 |  | 736 |
|  | ₹ | **694** | ₹ | **740** |

---

**9. Cash and cash equivalents** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  Cash and bank balances | ₹ | 74456 | ₹ | 78834 |
|  Demand deposits with banks <sup>(1)</sup> |  | 47518 |  | 52003 |
|  | ₹ | **121974** | ₹ | **130837** |

---

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

Cash and cash equivalents consist of the following for the purpose of the interim condensed consolidated statement of cash flows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **September 30, 2024** | **September 30, 2024** | **September 30, 2025** | **September 30, 2025** |
|  Cash and cash equivalents | ₹ | 104592 | ₹ | 130837 |
|  Bank overdrafts |  | (37) |  |  |
|  | ₹ | **104555** | ₹ | **130837** |

---

------

**10. Other financial assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance lease receivables | ₹ | 3090 | ₹ | 3194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Security deposits |  | 1318 |  | 1450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to customers |  | 225 |  | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 30 |  | 28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 1 |  | 3 |
|  | ₹ | **4664** | ₹ | **4821** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance lease receivables | ₹ | 5144 | ₹ | 4125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Security deposits |  | 1827 |  | 1908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivables |  | 596 |  | 1386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims receivables |  | 195 |  | 862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 505 |  | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to customers |  | 70 |  | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 111 |  | 80 |
|  | ₹ | **8448** | ₹ | **8919** |
|  | ₹ | **13112** | ₹ | **13740** |

---

**11. Other assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** | **Non-current** | **Non-current** | **Non-current** | **Non-current** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | ₹ | 2657 | ₹ | 3107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable from statutory authorities |  | 1148 |  | 931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to obtain contracts <sup>(1)</sup> |  | 3277 |  | 3310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to fulfil contracts <sup>(2)</sup> |  | 378 |  | 626 |
|  | ₹ | **7460** | ₹ | **7974** |
|  **Current** | **Current** | **Current** | **Current** | **Current** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | ₹ | 16917 | ₹ | 17530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance with GST and other authorities |  | 6760 |  | 7749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to suppliers |  | 2323 |  | 2146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Withholding taxes |  | 542 |  | 650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 453 |  | 680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined benefit plan asset, net |  | 472 |  | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred contract cost |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to obtain contracts <sup>(1)</sup> |  | 1407 |  | 2370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to fulfil contracts <sup>(2)</sup> |  | 131 |  | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 123 |  | 115 |
|  | ₹ | **29128** | ₹ | **31541** |
|  | ₹ | **36588** | ₹ | **39515** |

---

<sup>(1)</sup> Costs to obtain contracts amortization of ₹ 391 and ₹ 646 during the three months ended September 30, 2024 and 2025 respectively, ₹ 655 and ₹ 1,276 during the six months ended September 30, 2024 and 2025 respectively.

<sup>(2)</sup> Costs to fulfil contracts amortization of ₹ 15 and ₹ 42 during the three months ended September 30, 2024 and 2025 respectively, ₹ 30 and ₹ 82 during the six months ended September 30, 2024 and 2025 respectively.

**12. Loans, borrowings and bank overdrafts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsecured Notes 2026 <sup>(1)</sup> | ₹ | 63954 | ₹ |  |
|  | ₹ | **63954** | ₹ | **—** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsecured Notes 2026 <sup>(1)</sup> | ₹ |  | ₹ | 66504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from banks |  | 97863 |  | 62003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank overdrafts |  | ^ |  |  |
|  | ₹ | **97863** | ₹ | **128507** |
|  | ₹ | **161817** | ₹ | **128507** |

---

^ Value is less than 0.5

<sup>(1)</sup> On June 23, 2021, Wipro IT Services LLC, a wholly owned step-down subsidiary of Wipro Limited, issued U.S.$750 million in unsecured notes 2026 (the "Notes"). The Notes bear interest at a rate of 1.50% per annum and will mature on June 23, 2026. Interest on the Notes is payable semi-annually on June 23 and December 23 of each year, commencing from December 23, 2021. The Notes are listed on Singapore Exchange Securities Trading Limited (SGX-ST). 

------

**13. Trade payables and accrued expenses** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  Trade payables | ₹ | 21985 | ₹ | 21065 |
|  Accrued expenses |  | 66267 |  | 68106 |
|  | ₹ | **88,252** | ₹ | **89,171** |

---

**14. Other financial liabilities** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability on written put options to non-controlling interests (Refer to Note 17) | ₹ | 4945 | ₹ | 2818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent consideration (Refer to Note 17) |  | 1307 |  | 1441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liabilities towards customer contracts |  | 1026 |  | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term incentive payable |  | 387 |  | 261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred consideration for Business combination |  | 61 |  | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rent deposit |  | 26 |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities |  | 41 |  | 78 |
|  | ₹ | **7793** | ₹ | **5503** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability on written put options to non-controlling interests (Refer to Note 17) | ₹ |  | ₹ | 2606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liabilities towards customer contracts |  | 342 |  | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital creditors |  | 1255 |  | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance from customers |  | 167 |  | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rent deposit |  | 475 |  | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent consideration (Refer to Note 17) |  | 557 |  | 319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrued on loans and borrowings |  | 489 |  | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred consideration for Business combination |  | 295 |  | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unclaimed dividend |  | 64 |  | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities |  | 234 |  | 39 |
|  | ₹ | **3878** | ₹ | **6084** |
|  | ₹ | **11671** | ₹ | **11587** |

---

**15. Other liabilities** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statutory and other liabilities | ₹ | 12757 | ₹ | 15191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits obligations |  | 4362 |  | 4840 |
|  | ₹ | **17119** | ₹ | **20031** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits obligations | ₹ | 16001 | ₹ | 18940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statutory and other liabilities |  | 14295 |  | 14227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance from customers |  | 790 |  | 636 |
|  | ₹ | **31086** | ₹ | **33803** |
|  | ₹ | **48205** | ₹ | **53834** |

---

**16. Provisions** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for onerous contracts | ₹ | 294 | ₹ | 228 |
|  | ₹ | **294** | ₹ | **228** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for onerous contracts | ₹ | 1288 | ₹ | 1090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for warranty |  | 207 |  | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | 142 |  | 160 |
|  | ₹ | **1637** | ₹ | **1447** |
|  | ₹ | **1931** | ₹ | **1675** |

---

------

**17. Financial instruments** 

The carrying value of financial instruments by categories as at March 31, 2025 is as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair value<br>through profit<br>or loss** | **Fair value<br>through profit<br>or loss** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Amortized<br>cost** | **Amortized<br>cost** | **Total** | **Total** |
|  | **Fair value<br>through profit<br>or loss** | **Fair value<br>through profit<br>or loss** | **Mandatory** | **Mandatory** | **Designated<br>upon initial<br>recognition** | **Designated<br>upon initial<br>recognition** | **Amortized<br>cost** | **Amortized<br>cost** | **Total** | **Total** |
|  **Financial Assets:** |  | | | | | | | | | |
|  Cash and cash equivalents (Refer to Note 9) | ₹ |  | ₹ |  | ₹ |  | ₹ | 121974 | ₹ | 121974 |
|  Investments (Refer to Note 7) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Instruments |  | 4955 |  |  |  | 12493 |  |  |  | 17448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 1503 |  |  |  |  |  |  |  | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds |  | 88776 |  |  |  |  |  |  |  | 88776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures |  |  |  | 219389 |  |  |  |  |  | 219389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government securities |  |  |  | 10651 |  |  |  |  |  | 10651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial papers |  |  |  | 2858 |  |  |  |  |  | 2858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds |  |  |  | 21138 |  |  |  |  |  | 21138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits |  |  |  |  |  |  |  | 76169 |  | 76169 |
|  Other financial assets |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables |  |  |  |  |  |  |  | 118044 |  | 118044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables |  |  |  |  |  |  |  | 64280 |  | 64280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets (Refer to Note 10) |  |  |  |  |  |  |  | 13112 |  | 13112 |
|  Derivative assets (Refer to Note 17) |  | 1105 |  |  |  | 715 |  |  |  | 1820 |
|  | ₹ | **96339** | ₹ | **254036** | ₹ | **13208** | ₹ | **393579** | ₹ | **757162** |
|  **Financial Liabilities:** |  |  |  |  |  |  |  |  |  |  |
|  Trade payables and other financial liabilities |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses (Refer to Note 13) | ₹ |  | ₹ |  | ₹ |  | ₹ | 88252 | ₹ | 88252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (Refer to Note 14) |  | 1864 |  |  |  |  |  | 9807 |  | 11671 |
|  Loans, borrowings and bank overdrafts (Refer to Note 12) |  |  |  |  |  |  |  | 161817 |  | 161817 |
|  Lease liabilities |  |  |  |  |  |  |  | 30218 |  | 30218 |
|  Derivative liabilities (Refer to Note 17) |  | 75 |  |  |  | 893 |  |  |  | 968 |
|  | ₹ | **1939** | ₹ | **—** | ₹ | **893** | ₹ | **290094** | ₹ | **292926** |

---

The carrying value of financial instruments by categories as at September 30, 2025 is as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Fair value<br>through profit<br>or loss** | **Fair value<br>through profit<br>or loss** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Fair value through other<br>comprehensive income** | **Amortized<br>cost** | **Amortized<br>cost** | **Total** | **Total** |
|  | **Fair value<br>through profit<br>or loss** | **Fair value<br>through profit<br>or loss** | **Mandatory** | **Mandatory** | **Designated<br>upon initial<br>recognition** | **Designated<br>upon initial<br>recognition** | **Amortized<br>cost** | **Amortized<br>cost** | **Total** | **Total** |
|  **Financial Assets:** |  | | | | | | | | | |
|  Cash and cash equivalents (Refer to Note 9) | ₹ |  | ₹ |  | ₹ |  | ₹ | 130837 | ₹ | 130837 |
|  Investments (Refer to Note 7) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Instruments |  | 5990 |  |  |  | 13403 |  |  |  | 19393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 1246 |  |  |  |  |  |  |  | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds |  | 103433 |  |  |  |  |  |  |  | 103433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures |  |  |  | 203693 |  |  |  |  |  | 203693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government securities |  |  |  | 8180 |  |  |  |  |  | 8180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial papers |  |  |  | 2455 |  |  |  |  |  | 2455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds |  |  |  | 19117 |  |  |  |  |  | 19117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits |  |  |  |  |  |  |  | 65896 |  | 65896 |
|  Other financial assets |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables |  |  |  |  |  |  |  | 119264 |  | 119264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables |  |  |  |  |  |  |  | 74475 |  | 74475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets (Refer to Note 10) |  |  |  |  |  |  |  | 13740 |  | 13740 |
|  Derivative assets (Refer to Note 17) |  | 8 |  |  |  | 9 |  |  |  | 17 |
|  | ₹ | **110677** | ₹ | **233445** | ₹ | **13412** | ₹ | **404212** | ₹ | **761746** |
|  **Financial Liabilities:** |  |  |  |  |  |  |  |  |  |  |
|  Trade payables and other financial liabilities |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses (Refer to Note 13) | ₹ |  | ₹ |  | ₹ |  | ₹ | 89171 | ₹ | 89171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (Refer to Note 14) |  | 1760 |  |  |  |  |  | 9827 |  | 11587 |
|  Loans, borrowings and bank overdrafts (Refer to Note 12) |  |  |  |  |  |  |  | 128507 |  | 128507 |
|  Lease liabilities |  |  |  |  |  |  |  | 33130 |  | 33130 |
|  Derivative liabilities (Refer to Note 17) |  | 1006 |  |  |  | 3694 |  |  |  | 4700 |
|  | ₹ | **2766** | ₹ | **—** | ₹ | **3694** | ₹ | **260635** | ₹ | **267095** |

---

------

**Fair value** 

Financial assets and liabilities include cash and cash equivalents, trade receivables, unbilled receivables, finance lease receivables, employee and other advances, eligible current and non-current assets, loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, and eligible current and non-current liabilities.

The fair value of cash and cash equivalents, trade receivables, unbilled receivables, short-term loans, borrowings and bank overdrafts, lease liabilities, trade payables and accrued expenses, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments. Finance lease receivables are periodically evaluated based on individual credit worthiness of customers. Based on this evaluation, the Company records allowance for estimated credit losses on these receivables. As at March 31, 2025 and September 30, 2025, the carrying value of such financial assets, net of allowances, and liabilities, approximates the fair value.

The Company's Unsecured Notes 2026 are contracted at fixed coupon rate of 1.50% and market yield on these loans as of September 30, 2025 was 4.30%.

Investments in short-term mutual funds and fixed maturity plan mutual funds, which are classified as FVTPL are measured using net asset values at the reporting date multiplied by the quantity held. Fair value of investments in non-convertible debentures, government securities, commercial papers and bonds classified as FVTOCI is determined based on the indicative quotes of price and yields prevailing in the market at the reporting date. Fair value of investments in equity instruments classified as FVTOCI or FVTPL 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 year ended March 31, 2025 and six months ended September 30, 2025.

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

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** | **Fair value measurements at reporting date** |
|  | **Total** | **Total** | **Level 1** | **Level 1** | **Level 2** | **Level 2** | **Level 3** | **Level 3** | **Total** | **Total** | **Level 1** | **Level 1** | **Level 2** | **Level 2** | **Level 3** | **Level 3** |
|  **Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **Derivative instruments:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash flow hedges | ₹ | 715 | ₹ |  | ₹ | 715 | ₹ |  | ₹ | 9 | ₹ |  | ₹ | 9 | ₹ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | 1105 |  |  |  | 1105 |  |  |  | 8 |  |  |  | 8 |  |  |
|  **Investments:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds |  | 88776 |  | 88776 |  |  |  |  |  | 103433 |  | 103433 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 1503 |  |  |  | 1503 |  |  |  | 1246 |  |  |  | 1246 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity instruments |  | 17448 |  | 57 |  |  |  | 17391 |  | 19393 |  | 48 |  |  |  | 19345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures, government securities, commercial papers and bonds |  | 254036 |  | 10550 |  | 243486 |  |  |  | 233445 |  | 8084 |  | 225361 |  |  |
|  **Liabilities** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **Derivative instruments:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash flow hedges | ₹ | (893) | ₹ |  | ₹ | (893) | ₹ |  | ₹ | (3694) | ₹ |  | ₹ | (3694) | ₹ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | (75) |  |  |  | (75) |  |  |  | (1006) |  |  |  | (1006) |  |  |
|  **Liability on written put options to non-controlling interests** |  | **(4945)** |  |  |  |  |  | (4945) |  | **(5424)** |  |  |  |  |  | (5424) |
|  **Contingent consideration** |  | **(1864)** |  |  |  |  |  | (1864) |  | **(1760)** |  |  |  |  |  | (1760) |

---

------

The following methods and assumptions were used to estimate the fair value of the level 2 financial instruments included in the above table.

---

| | |
|:---|:---|
| **Financial instrument** | **Method and assumptions** |
| Derivative instruments (assets and liabilities) | The Company enters into derivative financial instruments with various counterparties, 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 at September 30, 2025, 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. |
| Investment in non-convertible debentures, government securities, commercial papers and bonds | Fair value of these instruments is derived based on the indicative quotes of price and yields prevailing in the market as at reporting date. |
| Investment in fixed maturity plan mutual funds | Fair value of these instruments is derived based on the indicative quotes of price prevailing in the market as at reporting date. |
| The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table. | The following methods and assumptions were used to estimate the fair value of the level 3 financial instruments included in the above table. |
| **Financial instrument** | **Method and assumptions** |
| Investment in equity instruments | Fair value of these instruments is determined using market approach primarily based on market multiples method. |
| Contingent consideration and liability on written put options to non-controlling interests | Fair value of these instruments is determined using valuation techniques which includes inputs relating to risk-adjusted revenue and operating profit forecast. |

---

**The following table presents changes in Level 3 assets and liabilities for the year ended March 31, 2025 and six months ended September 30, 2025:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
| **Investment in equity instruments** | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Balance at the beginning of the period** | ₹ | 20126 | ₹ | 17391 |
|  Additions |  | 1925 |  | 1406 |
|  Disposals <sup>(1)</sup> |  | (1828) |  | (402) |
|  Gain/(loss) recognized in consolidated statement of income |  | 321 |  | 306 |
|  Gain/(loss) recognized in other comprehensive income |  | (3609) |  | (57) |
|  Translation adjustment |  | 456 |  | 701 |
|  **Balance at the end of the period** | ₹ | **17391** | ₹ | **19345** |

---

<sup>(1)</sup> During the year ended March 31, 2025, as a result of an acquisition by another investors, the Company sold its shares of equity instruments in six companies at a fair value of ₹ 1,281 and recognized a cumulative loss of ₹ 175 in other comprehensive income and cumulative gain of ₹ 152 in consolidated statement of income. 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
| **Contingent consideration** | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Balance at the beginning of the period** | ₹ | (429) | ₹ | (1864) |
|  (Addition)/Reversals <sup>(1)</sup> |  | 169 |  | (48) |
|  Addition through Business combination |  | (1537) |  |  |
|  Payouts |  |  |  | 316 |
|  Finance expense recognized in consolidated statement of income |  | (47) |  | (96) |
|  Translation adjustment |  | (20) |  | (68) |
|  **Balance at the end of the period** | ₹ | **(1864)** | ₹ | **(1760)** |

---

<sup>(1)</sup> Towards change in fair value of earn-out liability as a result of changes in estimates of revenue and earnings over the earn-out period.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
| **Liability on written put options to non-controlling interests** | **March 31, 2025** | **March 31, 2025** | **September 30, 2025** | **September 30, 2025** |
|  **Balance at the beginning of the period** | ₹ | (4303) | ₹ | (4945) |
|  Finance expense recognized in consolidated statement of income |  | (530) |  | (278) |
|  Translation adjustment |  | (112) |  | (201) |
|  **Balance at the end of the period** | ₹ | **(4945)** | ₹ | **(5424)** |

---

**Derivative assets and liabilities** 

The Company is exposed to currency fluctuations on foreign currency assets / liabilities, forecasted cash flows denominated in foreign currency and net investment in foreign operations. The Company is also exposed to interest rate fluctuations on investments in floating rate financial assets and floating rate borrowings. The Company follows established risk management policies, including the use of derivatives to hedge foreign currency assets / liabilities, interest rates, 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 immaterial.

The Company determines the existence of an economic relationship between the hedging instrument and the hedged item based on the currency, amount and timing of its forecasted cash flows. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items.

If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Any hedge ineffectiveness is calculated and accounted for in consolidated statement of income at the time of the hedge relationship rebalancing.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** |
|  **Balance as at the beginning of the period** | ₹ | 773 | ₹ | (275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in fair value of effective portion of derivatives |  | (889) |  | (5375) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred cancellation gain/(loss), net |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net (gain)/loss reclassified to consolidated statement of income on occurrence of hedged transactions <sup>(1)</sup> |  | (276) |  | 1959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net (gain)/loss on ineffective portion of derivative instruments classified to consolidated statement of income |  | 50 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation gain |  |  |  | 6 |
|  **Gain/(loss) on cash flow hedging derivatives, net** | ₹ | **(1115)** | ₹ | **(3410)** |
|  **Balance as at the end of the period** | ₹ | **(342)** | ₹ | **(3685)** |
|  Deferred tax asset/(liability) thereon |  | 83 |  | 916 |
|  **Balance as at the end of the period, net of deferred taxes** | ₹ | **(259)** | ₹ | **(2769)** |

---

<sup>(1)</sup> Includes net (gain)/loss reclassified to revenue of ₹ (178) and ₹ 2,064 for the six months ended September 30, 2024, and 2025, respectively; net (gain)/loss reclassified to cost of revenues of ₹ (22) and ₹ (54) for the six months ended September 30, 2024, and 2025, respectively; net (gain)/loss reclassified to finance expenses of ₹ (116) and ₹ (51) for the six months ended September 30, 2024, and 2025, respectively and net (gain)/loss reclassified to finance and other income of ₹ 40 and ₹ Nil for the six months ended September 30, 2024, and 2025, respectively. 

The related hedge transactions for balance in cash flow hedging reserves as at September 30, 2025 are expected to occur and be reclassified to the statement of income over a period of 15 months.

As at September 30, 2024 and 2025, there were no material 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.

**18. Foreign currency translation reserve and Other reserves** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** |
|  **Balance at the beginning of the period** | ₹ | 47261 | ₹ | 54500 |
|  Translation difference related to foreign operations, net |  | 3708 |  | 19855 |
|  Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |  | 13 |  |  |
|  Others |  |  |  | (4) |
|  **Balance at the end of the period** | ₹ | **50982** | ₹ | **74351** |

---

------

The movement in other reserves is summarized below:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** | **Other Reserves** |
| **Particulars** | **Remeasurements<br>of the defined<br>benefit plans** | **Remeasurements<br>of the defined<br>benefit plans** | **Investment in debt<br>instruments<br>measured at fair<br>value through OCI** | **Investment in debt<br>instruments<br>measured at fair<br>value through OCI** | **Investment in equity<br>instruments<br>measured at fair<br>value through OCI** | **Investment in equity<br>instruments<br>measured at fair<br>value through OCI** | **Capital<br>Redemption<br>Reserve** | **Capital<br>Redemption<br>Reserve** | **Gross obligation to<br>non-controlling<br>interests under<br>put options** | **Gross obligation to<br>non-controlling<br>interests under<br>put options** |
|  **As at April 1, 2024** | ₹ | **(286)** | ₹ | **1397** | ₹ | **10320** | ₹ | **1661** | ₹ | **(4238)** |
|  Other comprehensive income |  | 395 |  | 574 |  | (166) |  |  |  |  |
|  **As at September 30, 2024** | ₹ | **109** | ₹ | **1971** | ₹ | **10154** | ₹ | **1661** | ₹ | **(4238)** |
|  **As at April 1, 2025** | ₹ | **(135)** | ₹ | **2360** | ₹ | **1220** | ₹ | **—** | ₹ | **(4238)** |
|  Other comprehensive income |  | 17 |  | 23 |  | (63) |  |  |  |  |
|  **As at September 30, 2025** | ₹ | **(118)** | ₹ | **2383** | ₹ | **1157** | ₹ | **—** | ₹ | **(4238)** |

---

**19. Income taxes** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Income tax expense as per the consolidated statement of income | ₹ | 10512 | ₹ | 10200 | ₹ | 20362 | ₹ | 19418 |
|  Income tax included in other comprehensive income on: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains/(losses) on investment securities |  | 65 |  | (81) |  | 102 |  | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains/(losses) on cash flow hedging derivatives |  | (400) |  | (818) |  | (278) |  | (853) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of the defined benefit plans |  | 107 |  | 76 |  | 169 |  | (12) |
|  | ₹ | **10284** | ₹ | **9377** | ₹ | **20355** | ₹ | **18584** |

---

Income tax expense consists of the following:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Current tax expense | ₹ | 11152 | ₹ | 11334 | ₹ | 21520 | ₹ | 21385 |
|  Deferred tax expense/(reversal) |  | (640) |  | (1134) |  | (1158) |  | (1967) |
|  | ₹ | **10512** | ₹ | **10200** | ₹ | **20362** | ₹ | **19418** |

---

Income tax expenses are net of provision recorded/(reversal) of taxes pertaining to earlier periods, amounting to ₹ (608) and ₹ (799) for the three months ended September 30, 2024 and 2025, and ₹ (802) and ₹ (3,510) for the six months ended September 30, 2024 and 2025, respectively.

The Pillar Two legislations are neither enacted nor substantively enacted by Government of India, where the Parent company is incorporated. Pillar Two legislation has been enacted, or substantively enacted, in certain other jurisdictions where the Company operates. However, the Company does not expect any material financial impact for the three and six months ended September 30, 2025. The Company is continuing to assess the impact, if any, of Pillar Two income taxes legislation on future financial performance.

**20. Revenues** 

The tables below present disaggregated revenue from contracts with customers by business segment (Refer to Note 27 "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.

------

Information on disaggregation of revenues for the three months ended September 30, 2024 is as follows:

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Products** | **IT Products** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT Products** | **IT Products** | **Total** | **Total** |
| A. Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rendering of services | ₹ | 68502 | ₹ | 68048 | ₹ | 61943 | ₹ | 23860 | ₹ | 222353 | ₹ |  | ₹ | **222353** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 663 |  | **663** |
|  | ₹ | **68502** | ₹ | **68048** | ₹ | **61943** | ₹ | **23860** | ₹ | **222353** | ₹ | **663** | ₹ | **223016** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 238 | ₹ | 43195 | ₹ | 24151 | ₹ | 9856 | ₹ | 77440 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 25973 |  | 26 |  | 3742 |  | 590 |  | 30331 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 25781 |  | 1918 |  | 10905 |  | 3905 |  | 42509 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications <sup>(1)</sup> |  | 15677 |  | 6279 |  | 8332 |  | 4003 |  | 34291 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources <sup>(1)</sup> |  | 833 |  | 16630 |  | 14813 |  | 5506 |  | 37782 |  |  |  |  |
|  | ₹ | **68502** | ₹ | **68048** | ₹ | **61943** | ₹ | **23860** | ₹ | **222353** | ₹ | **663** | ₹ | **223016** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 34859 | ₹ | 34101 | ₹ | 36570 | ₹ | 13875 | ₹ | 119405 | ₹ |  | ₹ | **119405** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 33643 |  | 33947 |  | 25373 |  | 9985 |  | 102948 |  |  |  | **102948** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 663 |  | **663** |
|  | ₹ | **68502** | ₹ | **68048** | ₹ | **61943** | ₹ | **23860** | ₹ | **222353** | ₹ | **663** | ₹ | **223016** |

---

Information on disaggregation of revenues for the three months ended September 30, 2025 is as follows:

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Products** | **IT Products** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT Products** | **IT Products** | **Total** | **Total** |
| A. Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rendering of services | ₹ | 74657 | ₹ | 66847 | ₹ | 59375 | ₹ | 24968 | ₹ | 225847 | ₹ |  | ₹ | **225847** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 1126 |  | **1126** |
|  | ₹ | **74657** | ₹ | **66847** | ₹ | **59375** | ₹ | **24968** | ₹ | **225847** | ₹ | **1126** | ₹ | **226973** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 233 | ₹ | 42256 | ₹ | 23400 | ₹ | 11576 | ₹ | 77465 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 28443 |  | 363 |  | 3106 |  | 794 |  | 32706 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 26166 |  | 946 |  | 10776 |  | 3338 |  | 41226 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 18318 |  | 5528 |  | 8059 |  | 3170 |  | 35075 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 1497 |  | 17754 |  | 14034 |  | 6090 |  | 39375 |  |  |  |  |
|  | ₹ | **74657** | ₹ | **66847** | ₹ | **59375** | ₹ | **24968** | ₹ | **225847** | ₹ | **1126** | ₹ | **226973** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 37188 | ₹ | 30820 | ₹ | 33073 | ₹ | 15086 | ₹ | 116167 | ₹ |  | ₹ | **116167** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 37469 |  | 36027 |  | 26302 |  | 9882 |  | 109680 |  |  |  | **109680** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 1126 |  | **1126** |
|  | ₹ | **74657** | ₹ | **66847** | ₹ | **59375** | ₹ | **24968** | ₹ | **225847** | ₹ | **1126** | ₹ | **226973** |

---

------

Information on disaggregation of revenues for the six months ended September 30, 2024 is as follows:

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT<br>Products** | **IT<br>Products** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT<br>Products** | **IT<br>Products** | **Total** | **Total** |
| A. Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rendering of services | ₹ | 136264 | ₹ | 135450 | ₹ | 122421 | ₹ | 47387 | ₹ | 441522 | ₹ |  | ₹ | 441522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 1132 |  | 1132 |
|  | ₹ | **136264** | ₹ | **135450** | ₹ | **122421** | ₹ | **47387** | ₹ | **441522** | ₹ | **1132** | ₹ | **442654** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 671 | ₹ | 85081 | ₹ | 47199 | ₹ | 18835 | ₹ | 151786 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 51538 |  | 48 |  | 7583 |  | 1583 |  | 60752 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 51402 |  | 3780 |  | 21614 |  | 7853 |  | 84649 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications <sup>(1)</sup> |  | 31139 |  | 12560 |  | 15865 |  | 8214 |  | 67778 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources <sup>(1)</sup> |  | 1514 |  | 33981 |  | 30160 |  | 10902 |  | 76557 |  |  |  |  |
|  | ₹ | **136264** | ₹ | **135450** | ₹ | **122421** | ₹ | **47387** | ₹ | **441522** | ₹ | **1132** | ₹ | **442654** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 70829 | ₹ | 68679 | ₹ | 72546 | ₹ | 27549 | ₹ | 239603 | ₹ |  | ₹ | 239603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and material |  | 65435 |  | 66771 |  | 49875 |  | 19838 |  | 201919 |  |  |  | 201919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 1132 |  | 1132 |
|  | ₹ | **136264** | ₹ | **135450** | ₹ | **122421** | ₹ | **47387** | ₹ | **441522** | ₹ | **1132** | ₹ | **442654** |

---

Information on disaggregation of revenues for the six months ended September 30, 2025 is as follows:

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT<br>Products** | **IT<br>Products** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT<br>Products** | **IT<br>Products** | **Total** | **Total** |
| A. Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rendering of services | ₹ | 147699 | ₹ | 133864 | ₹ | 116141 | ₹ | 48761 | ₹ | 446465 | ₹ |  | ₹ | 446465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 1854 |  | 1854 |
|  | ₹ | **147699** | ₹ | **133864** | ₹ | **116141** | ₹ | **48761** | ₹ | **446465** | ₹ | **1854** | ₹ | **448319** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 466 | ₹ | 84950 | ₹ | 44323 | ₹ | 21862 | ₹ | 151601 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 56477 |  | 570 |  | 6230 |  | 1663 |  | 64940 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 52225 |  | 2042 |  | 21433 |  | 6575 |  | 82275 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 35674 |  | 10964 |  | 16209 |  | 6425 |  | 69272 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 2857 |  | 35338 |  | 27946 |  | 12236 |  | 78377 |  |  |  |  |
|  | ₹ | **147699** | ₹ | **133864** | ₹ | **116141** | ₹ | **48761** | ₹ | **446465** | ₹ | **1854** | ₹ | **448319** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 73459 | ₹ | 62750 | ₹ | 65297 | ₹ | 29687 | ₹ | 231193 | ₹ |  | ₹ | 231193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 74240 |  | 71114 |  | 50844 |  | 19074 |  | 215272 |  |  |  | 215272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 1854 |  | 1854 |
|  | ₹ | **147699** | ₹ | **133864** | ₹ | **116141** | ₹ | **48761** | ₹ | **446465** | ₹ | **1854** | ₹ | **448319** |

---

<sup>(1)</sup> Effective October 1, 2024, the Company has reorganized its sectors by merging "Technology" and "Communications" into "Technology and Communications" sector, and by merging "Energy, Natural Resources and Utilities" and "Manufacturing" into "Energy, Manufacturing and Resources" sector. 

------

**21. Expenses by nature** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Employee compensation | ₹ | 134695 | ₹ | 136163 | ₹ | 266988 | ₹ | 270438 |
|  Sub-contracting and technical fees |  | 24582 |  | 26498 |  | 49349 |  | 52076 |
|  Cost of hardware and software |  | 893 |  | 889 |  | 1551 |  | 1557 |
|  Travel |  | 3836 |  | 3338 |  | 7773 |  | 7126 |
|  Facility expenses |  | 3937 |  | 3519 |  | 8070 |  | 7717 |
|  Software license expense for internal use |  | 4702 |  | 5253 |  | 9307 |  | 10214 |
|  Depreciation, amortization and impairment <sup>(1)</sup> |  | 8308 |  | 6917 |  | 15597 |  | 13772 |
|  Communication |  | 1079 |  | 891 |  | 2072 |  | 1688 |
|  Legal and professional fees |  | 3013 |  | 2813 |  | 5295 |  | 4702 |
|  Rates, taxes and insurance |  | 1395 |  | 1295 |  | 2611 |  | 2416 |
|  Marketing and brand building |  | 838 |  | 900 |  | 1642 |  | 1783 |
|  Lifetime expected credit loss/(write-back) |  | 593 |  | 1507 |  | 567 |  | 2009 |
|  (Gain)/loss on sale of property, plant and equipment, net <sup>(2)</sup> |  | (820) |  | (464) |  | (843) |  | (530) |
|  Miscellaneous expenses <sup>(3)</sup> |  | (1580) |  | 183 |  | (1145) |  | 538 |
|  **Total cost of revenues, selling and marketing expenses and general and administrative expenses** | ₹ | **185471** | ₹ | **189702** | ₹ | **368834** | ₹ | **375506** |

---

<sup>(1)</sup> Depreciation, amortization and impairment includes an impairment charge on intangible assets amounting to ₹ 1,147 and ₹ Nil for the three and six months ended September 30, 2024 and 2025, respectively (Refer to Note 6). 

<sup>(2)</sup> (Gain)/loss on sale of property, plant and equipment for the three and six months ended September 30, 2024, includes gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ (885) and for the three and six months ended September 30, 2025, includes gain on transfer of building of ₹ (405). 

<sup>(3)</sup> Miscellaneous expenses are net of insurance claim received of ₹ 1,805 during the three and six months ended September 30, 2024.

**22. Finance expenses** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Interest on loans, borrowings and bank overdrafts | ₹ | 1838 | ₹ | 1304 | ₹ | 3435 | ₹ | 2988 |
|  Interest on lease liabilities |  | 384 |  | 494 |  | 747 |  | 937 |
|  Interest on liability on written put options to non-controlling interests |  | 65 |  | 142 |  | 128 |  | 278 |
|  Other finance expenses |  | 1282 |  | 1672 |  | 2547 |  | 3017 |
|  | ₹ | **3569** | ₹ | **3612** | ₹ | **6857** | ₹ | **7220** |

---

**23. Finance and other income and Foreign exchange gains/(losses), net** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Interest income | ₹ | 6576 | ₹ | 6998 | ₹ | 12203 | ₹ | 14325 |
|  Dividend income from equity investments designated as FVTOCI |  | 1 |  | 2 |  | 1 |  | 2 |
|  Net gain from investments classified as FVTPL |  | 2618 |  | 1407 |  | 4471 |  | 4238 |
|  Net gain from investments classified as FVTOCI |  |  |  | 48 |  |  |  | 307 |
|  **Finance and other income** | ₹ | **9195** | ₹ | **8455** | ₹ | **16675** | ₹ | **18872** |
|  Foreign exchange gains/(losses), net, on financial instruments measured at FVTPL | ₹ | (368) | ₹ | (2046) | ₹ | (553) | ₹ | (1935) |
|  Other foreign exchange gains/(losses), net |  | (28) |  | 2604 |  | (49) |  | 2675 |
|  **Foreign exchange gains/(losses), net** | ₹ | **(396)** | ₹ | **558** | ₹ | **(602)** | ₹ | **740** |

---

**24.** **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 equity 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 September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Profit attributable to equity holders of the Company | ₹ | 32088 | ₹ | 32462 | ₹ | 62120 | ₹ | 65766 |
|  Weighted average number of equity shares outstanding |  | 10453511270 |  | 10475705330 |  | 10452889238 |  | 10474157025 |
|  **Basic earnings per equity share** | ₹ | **3.07** | ₹ | **3.10** | ₹ | **5.94** | ₹ | **6.28** |

---

------

**Diluted:** Diluted earnings per equity 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 equity shares that could have been acquired at fair value (determined as the average market price of the Company's equity shares during the period). The number of equity shares calculated as above is compared with the number of equity shares that would have been issued assuming the exercise of the share options.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Profit attributable to equity holders of the Company | ₹ | 32088 | ₹ | 32462 | ₹ | 62120 | ₹ | 65766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of equity shares outstanding |  | 10453511270 |  | 10475705330 |  | 10452889238 |  | 10474157025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of dilutive equivalent share options |  | 28646604 |  | 20614328 |  | 26883578 |  | 20875455 |
|  Weighted average number of equity shares for diluted earnings per equity share |  | 10482157874 |  | 10496319658 |  | 10479772816 |  | 10495032480 |
|  **Diluted earnings per equity share** | ₹ | **3.06** | ₹ | **3.09** | ₹ | **5.93** | ₹ | **6.26** |

---

Earnings per share and number of shares outstanding for the three and six months ended September 30, 2024, have been proportionately adjusted for the bonus shares issued during the year ended March 31, 2025, in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-up equity shares held (including ADS holders).

**25. Employee compensation** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Salaries and bonus | ₹ | 128528 | ₹ | 129631 | ₹ | 254656 | ₹ | 258112 |
|  Employee benefits plans |  | 4861 |  | 5268 |  | 9697 |  | 10626 |
|  Share-based compensation <sup>(1)</sup>  |  | 1306 |  | 1264 |  | 2635 |  | 1700 |
|  | ₹ | **134695** | ₹ | **136163** | ₹ | **266988** | ₹ | **270438** |

---

<sup>(1)</sup> Includes ₹ (5) and ₹ Nil for the six months ended September 30, 2024 and 2025, respectively, towards cash settled ADS RSUs.

The employee benefit cost is recognized in the following line items in the interim condensed consolidated statement of income:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Cost of revenues | ₹ | 113949 | ₹ | 117421 | ₹ | 226120 | ₹ | 233054 |
|  Selling and marketing expenses |  | 12412 |  | 11263 |  | 24376 |  | 22903 |
|  General and administrative expenses |  | 8334 |  | 7479 |  | 16492 |  | 14481 |
|  | ₹ | **134695** | ₹ | **136163** | ₹ | **266988** | ₹ | **270438** |

---

The Company has granted below options under RSU and ADS option plan:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2025** | **2024** | **2025** |
|  Restricted Stock Units (RSU) | 3731 | 113400 | 3345406 | 6711679 |
|  ADS RSU | 228413 | 752958 | 8395500 | 12830280 |
|  Performance based stock options (RSUs) |  |  | 2014993 | 3874099 |
|  Performance based stock options (ADS) |  |  | 5297557 | 8424826 |

---

Numbers in above table for three and six months ended September 30, 2024 are not given effect of bonus shares issued during the year ended March 31, 2025.

During the three and six months ended September 30, 2025, RSU and ADS grants were issued under the Wipro Limited Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. Performance based stock options will vest based on the performance parameters of the Company.

**26.** **Commitments and contingencies** 

**Capital commitments:** As at March 31, 2025 and September 30, 2025 the Company had committed to spend approximately ₹ 8,719 and ₹ 7,399 respectively, under agreements to purchase/ construct property and equipment. These amounts are net of capital advances paid in respect of these purchases. Refer to Note 7 for uncalled capital commitments on investment in equity instruments.

**Guarantees:** As at March 31, 2025 and September 30, 2025, guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies aggregate to ₹ 13,110 and ₹ 13,752 respectively, as part of the bank line of credit.

------

**Contingencies and lawsuits:** The Company is subject to legal proceedings and claims resulting from tax assessment orders/ penalty notices issued under the Income Tax Act, 1961, 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 Company's assessments in India are completed for the years up to March 31, 2021. The Company has received demands on multiple tax issues. These claims are primarily arising out of denial of deduction under section 10A of the Income Tax Act, 1961 in respect of profit earned by the Company's undertaking in Software Technology Park at Bengaluru, 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, 2008 which either has been or may be contested by the Income tax authorities before the Hon'ble Supreme Court of India. Other claims relate to disallowance of tax benefits on profits earned from Software Technology Park and Special Economic Zone units, capitalization of research and development expenses, transfer pricing adjustments on intercompany / inter unit transactions and other issues.

Income tax claims against the Company amounting to ₹ 99,431 and ₹ 101,354 are not acknowledged as debt as at March 31, 2025 and September 30, 2025, respectively. These matters are pending before various Appellate Authorities and the management expects its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company's financial position and results of operations.

The contingent liability in respect of disputed demands for excise duty, custom duty, sales tax and other matters amounting to ₹ 19,292 and ₹ 19,236 as of March 31, 2025, and September 30, 2025, respectively. However, the resolution of these disputed demands is not likely to have a material and adverse effect on the results of operations or the financial position of the Company.

**27. Segment information** 

The Company is organized into the following operating segments: IT Services and IT Products.

**IT Services:** The IT Services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units ("**SMUs**") - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa ("**APMEA**").

Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

**Americas 1** includes the entire business of Latin America (**"LATAM"**) and the following industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. **Americas 2** includes the entire business in Canada and the following industry sectors in the United States of America: Banking and Financial services, Energy, Manufacturing and Resources, Capital markets and Insurance, and Hi-tech. **Europe** consists of the United Kingdom and Ireland, Switzerland, Germany and Western Europe. **APMEA** consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.

**IT Products:** The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

The Chief Executive Officer ("**CEO**") and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, "Operating Segments". The CEO 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 segments for the three months ended September 30, 2024, is as follows:

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
|  Revenue | ₹ | 68393 | ₹ | 67932 | ₹ | 61821 | ₹ | 23811 | ₹ | **221957** | ₹ | 663 | ₹ |  | ₹ | 222620 |
|  Segment result |  | 13338 |  | 15005 |  | 7821 |  | 3070 |  | **39234** |  | (183) |  | 10 |  | 39061 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(1912)** |  |  |  |  |  | (1912) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **37322** | ₹ | **(183)** | ₹ | **10** | ₹ | **37149** |
|  Finance expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3569) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9195 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **42778** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10512) |
|  **Profit for the period** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **32266** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 8308 |

---

Information on reportable segments for the three months ended September 30, 2025, is as follows:

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
|  Revenue | ₹ | 74821 | ₹ | 67011 | ₹ | 59531 | ₹ | 25042 | ₹ | **226405** | ₹ | 1126 | ₹ |  | ₹ | 227531 |
|  Segment result |  | 15435 |  | 13122 |  | 6962 |  | 3308 |  | **38827** |  | 101 |  | (81) |  | 38847 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(1018)** |  |  |  |  |  | (1018) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **37809** | ₹ | **101** | ₹ | **(81)** | ₹ | **37829** |
|  Finance expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3612) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8455 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 152 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **42824** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10200) |
|  **Profit for the period** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **32624** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 6917 |

---

------

Information on reportable segments for the six months ended September 30, 2024, is as follows:

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT Products** | **IT Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
|  Revenue | ₹ | 136093 | ₹ | 135270 | ₹ | 122243 | ₹ | 47314 | ₹ | **440920** | ₹ | 1132 | ₹ |  | ₹ | 442052 |
|  Segment result |  | 27025 |  | 30538 |  | 13694 |  | 5511 |  | **76768** |  | (230) |  | 69 |  | 76607 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(3389)** |  |  |  |  |  | (3389) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **73379** | ₹ | **(230)** | ₹ | **69** | ₹ | **73218** |
|  Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6857) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16675 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (42) |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **82994** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (20362) |
|  **Profit for the year** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **62632** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 15597 |

---

Information on reportable segments for the six months ended September 30, 2025, is as follows:

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT Services** | **IT<br>Products** | **IT<br>Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
| | **Americas 1** | **Americas 1** | **Americas 2** | **Americas 2** | **Europe** | **Europe** | **APMEA** | **APMEA** | **Total** | **Total** | **IT<br>Products** | **IT<br>Products** | **Reconciling<br>Items** | **Reconciling<br>Items** | **Total** | **Total** |
|  Revenue | ₹ | 147918 | ₹ | 134081 | ₹ | 116348 | ₹ | 48858 | ₹ | **447205** | ₹ | 1854 | ₹ |  | ₹ | 449059 |
|  Segment result |  | 30429 |  | 26507 |  | 12988 |  | 6287 |  | **76211** |  | 121 |  | (2511) |  | 73821 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(268)** |  |  |  |  |  | (268) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **75943** | ₹ | **121** | ₹ | **(2511)** | ₹ | **73553** |
|  Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (7220) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18872 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 202 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **85407** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (19418) |
|  **Profit for the year** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **65989** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 13772 |

---

------

Revenues from India, being Company's country of domicile, is ₹ 5,194 and ₹ 5,664 for the three months ended September 30, 2024, and 2025, respectively and ₹ 10,117 and ₹ 10,590 for the six months ended September 30, 2024, and 2025, respectively.

Revenues from United States of America and United Kingdom contributed more than 10% of Company's total revenues as per table below:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  United States of America | ₹ | 130241 | ₹ | 135910 | ₹ | 259674 | ₹ | 269883 |
|  United Kingdom |  | 24235 |  | 23135 |  | 49341 |  | 44810 |
|  | ₹ | **154476** | ₹ | **159045** | ₹ | **309015** | ₹ | **314693** |

---

No customer individually accounted for more than 10% of the revenues during the three and six months ended September 30, 2024 and 2025.

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.

**Notes:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) "Reconciling Items" includes elimination of inter-segment transactions and other corporate
activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) 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 interim condensed consolidated statement of income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Restructuring cost of ₹ Nil and ₹ 2,469 for the six months ended September 30, 2024 and
2025, respectively is included under Reconciling items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) "Unallocated" within IT Services segment includes:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Three months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** | **Six months ended September 30,** |
| | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Amortization and impairment expenses on intangible assets (Refer to Note 6) | ₹ | 2919 | ₹ | 1670 | ₹ | 4701 | ₹ | 3295 |
|  Change in fair value of contingent consideration (Refer to Note 17) |  | (167) |  | ^ |  | (167) |  | 48 |

---

^ Value is less than 0.5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 1,306 and ₹ 1,264 for the three months ended September 30, 2024 and 2025,
respectively and ₹ 2,635 and ₹ 1,700 for the six months ended
September 30, 2024 and 2025, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and
equipment of ₹ (820) and ₹ (464) for the three months ended
September 30, 2024 and 2025, respectively and ₹ (843) and ₹ (530) for
the six months ended September 30, 2024 and 2025, respectively.

**28.** **List of subsidiaries, associate and joint venture as at September 30, 2025 is provided below:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of**<br> **Incorporation** | **Holding** |
|  Attune Consulting India Private Limited |  |  | India | 100.00% |
|  Capco Technologies Private Limited |  |  | India | 100.00% |
|  Wipro Chengdu Limited |  |  | China | 8.96% |
|  Wipro Holdings (UK) Limited |  |  | U.K. | 100.00% |
|  | Wipro Technologies SRL |  | Romania | ^ |
|  Wipro IT Services Bangladesh Limited |  |  | Bangladesh | 100.00% |
|  Wipro IT Services UK Societas |  |  | U.K. | 100.00% |
|  | Capco Consulting Middle East FZE <sup>(2)</sup> |  | UAE | 100.00% |
|  | Designit A/S |  | Denmark | 100.00% |
|  |  | Designit Denmark A/S | Denmark | 100.00% |
|  |  | Designit Germany GmbH | Germany | 100.00% |
|  |  | Designit Oslo A/S | Norway | 100.00% |
|  |  | Designit Spain Digital, S.L.U | Spain | 100.00% |
|  |  | Designit T.L.V Ltd. | Israel | 100.00% |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Wipro Bahrain Limited Co. W.L.L |  | Bahrain | 100.0% |
| Wipro Czech Republic IT Services s.r.o. |  | Czech Republic | 100.0% |
| Wipro CRM Services |  | Belgium | 100.0% |
|  | Wipro 4C Consulting France SAS | France | 100.0% |
|  | Wipro CRM Services B.V. | Netherlands | 100.0% |
|  | Wipro CRM Services ApS | Denmark | 100.0% |
|  | Wipro CRM Services UK Limited | U.K. | 100.0% |
| Grove Holdings 2 S.á.r.l |  | Luxembourg | 100.0% |
|  | Capco Solution Services GmbH | Germany | 100.0% |
|  | The Capital Markets Company Italy Srl | Italy | 100.0% |
|  | Capco Brasil Serviços E Consultoria Ltda | Brazil | 99.99% |
|  | The Capital Markets Company BV <sup>(1)</sup> | Belgium | 100.0% |
| PT. WT Indonesia |  | Indonesia | 99.6% |
| Rainbow Software LLC |  | Iraq | 100.0% |
| Wipro Arabia Limited |  | Saudi Arabia | 66.67% |
|  | Women's Business Park Technologies Limited | Saudi Arabia | 100.0% |
| Wipro Doha LLC |  | Qatar | 100.0% |
| Wipro Financial Outsourcing Services Limited |  | U.K. | 100.0% |
|  | Wipro UK Limited | U.K. | 100.0% |
| Wipro Gulf LLC |  | Sultanate of Oman | 99.98% |
| Wipro Information Technology Netherlands BV. |  | Netherlands | 100.0% |
|  | Wipro Gulf LLC | Sultanate of Oman | 0.02% |
|  | Wipro Technologies SA | Argentina | 2.62% |
|  | Wipro (Thailand) Co. Limited | Thailand | 0.03% |
|  | Wipro Technologies GmbH | Germany | 14.87% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 0.07% |
|  | Wipro do Brasil Technologia Ltda <sup>(1)</sup> | Brazil | 99.44% |
|  | Wipro Information Technology Kazakhstan LLP | Kazakhstan | 100.0% |
|  | Wipro Outsourcing Services (Ireland) Limited | Ireland | 100.0% |
|  | Wipro Portugal S.A. <sup>(1)</sup> | Portugal | 100.0% |
|  | Wipro Solutions Canada Limited | Canada | 100.0% |
|  | Wipro Technologies Limited | Russia | 99.99% |
|  | Wipro Technologies Peru SAC | Peru | 99.98% |
|  | Wipro Technologies W.T. Sociedad Anonima | Costa Rica | 100.0% |
|  | Wipro Technology Chile SPA | Chile | 100.0% |
|  | Applied Value Technologies B.V. | Netherlands | 100.0% |
| Wipro IT Service Ukraine, LLC |  | Ukraine | 100.0% |
| Wipro IT Services Poland SP Z.O.O |  | Poland | 100.0% |
| Wipro IT Services S.R.L. |  | Romania | 100.0% |
| Wipro Regional Headquarter |  | Saudi Arabia | 100.0% |
| Wipro Technologies Australia Pty Ltd |  | Australia | 100.0% |
|  | Wipro Ampion Holdings Pty Ltd <sup>(1)</sup> | Australia | 100.0% |
| Wipro Technologies SA |  | Argentina | 97.38% |
| Wipro Technologies SA DE CV |  | Mexico | 91.08% |
| Wipro Technologies South Africa (Proprietary) Limited |  | South Africa | 69.42% |
|  | Wipro Technologies Nigeria Limited | Nigeria | 99.84% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Wipro Technologies SRL |  | Romania | 100.00% |
|  | Wipro (Thailand) Co. Limited |  | Thailand | 99.97% |
|  | Wipro Shanghai Limited |  | China | 84.63% |
|  | Wipro Technologies Nigeria Limited |  | Nigeria | 0.16% |
|  | Wipro Technologies Limited |  | Russia | 0.01% |
|  | Wipro Technologies Peru SAC |  | Peru | 0.02% |
|  Wipro Japan KK |  |  | Japan | 100.00% |
|  Wipro Networks Pte Limited |  |  | Singapore | 100.00% |
|  | Applied Value Technologies Pte. Limited |  | Singapore | 100.00% |
|  | Wipro Chengdu Limited |  | China | 91.04% |
|  | PT. WT Indonesia |  | Indonesia | 0.40% |
|  | Wipro (Thailand) Co. Limited |  | Thailand | ^ |
|  | Wipro (Dalian) Limited |  | China | 100.00% |
|  | Wipro Technologies SDN BHD |  | Malaysia | 100.00% |
|  | Wipro (Tianjin) Limited <sup>(3)</sup> |  | China | 100.00% |
|  Wipro Philippines, Inc. |  |  | Philippines | 100.00% |
|  Wipro Shanghai Limited |  |  | China | 15.37% |
|  Wipro Travel Services Limited |  |  | India | 100.00% |
|  Wipro, LLC |  |  | USA | 100.00% |
|  | Wipro Technologies SA DE CV |  | Mexico | 8.92% |
|  | Wipro Gallagher Solutions, LLC |  | USA | 100.00% |
|  | Wipro Insurance Solutions, LLC |  | USA | 100.00% |
|  | Wipro IT Services, LLC |  | USA | 100.00% |
|  |  | Aggne Global Inc. | USA | 60.00% |
|  |  | Cardinal US Holdings, Inc.<sup>(1)</sup> | USA | 100.00% |
|  |  | Edgile, LLC | USA | 100.00% |
|  |  | HealthPlan Services, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Infocrossing, LLC | USA | 100.00% |
|  |  | International TechneGroup Incorporated <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro NextGen Enterprise Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Rizing Intermediate Holdings, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Appirio, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Designit Services, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Telecom Consulting LLC | USA | 100.00% |
|  |  | Wipro VLSI Design Services, LLC | USA | 100.00% |
|  |  | Applied Value Technologies, Inc. | USA | 100.00% |
| Aggne Global IT Services Private Limited |  |  | India | 60.00% |
|  Wipro, Inc. |  |  | USA | 100.00% |
|  | Wipro Life Science Solutions, LLC |  | USA | 100.00% |
|  Wipro Digital Inc. <sup>(4)</sup> |  |  | USA | 100.00% |
| The Wipro SA Broad Based Ownership Scheme Trust |  |  |  |  |
|  | Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD |  |  | 100.00% |
|  |  | Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58% |

---

---

| | |
|:---|:---|
| ^ | Value is less than 0.01%  |

---

The Company controls 'The Wipro SA Broad Based Ownership Scheme Trust', 'Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD' incorporated in South Africa and Wipro Foundation in India.

<sup>(2)</sup> Grove Holdings 2 S.á.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro IT Services UK Societas, effective September 19, 2025.

<sup>(3)</sup> Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro Networks Pte Limited. 

------

<sup>(4)</sup> Wipro Digital Inc. has been incorporated with effect from August 04, 2025, which is 100% held by the Company. 

<sup>(1)</sup> Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup Incorporated, Wipro NextGen Enterprise Inc., Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda and Wipro Portugal S.A. are as follows: 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
|  Cardinal US Holdings, Inc. |  |  | USA |  |
|  | Capco Consulting Services LLC |  | USA | 100.00% |
|  | Capco RISC Consulting LLC |  | USA | 100.00% |
|  | The Capital Markets Company LLC |  | USA | 100.00% |
|  HealthPlan Services, Inc. |  |  | USA |  |
|  | HealthPlan Services Insurance Agency, LLC |  | USA | 100.00% |
|  International TechneGroup Incorporated |  |  | USA |  |
|  | International TechneGroup Ltd. |  | U.K. | 100.00% |
|  | ITI Proficiency Ltd |  | Israel | 100.00% |
|  | MechWorks S.R.L. |  | Italy | 100.00% |
|  Wipro NextGen Enterprise Inc. |  |  | USA |  |
|  | LeanSwift AB |  | Sweden | 100.00% |
|  Rizing Intermediate Holdings, Inc. |  |  | USA |  |
|  | Rizing Lanka (Private) Ltd |  | Sri Lanka | 100.00% |
|  |  | Attune Netherlands B.V. <sup>(5)</sup> | Netherlands | 100.00% |
|  | Rizing Solutions Canada Inc. |  | Canada | 100.00% |
|  | Rizing LLC |  | USA | 100.00% |
|  |  | Aasonn Philippines Inc. | Philippines | 100.00% |
|  |  | Rizing B.V. | Netherlands | 100.00% |
|  |  | Rizing Consulting Ireland Limited | Ireland | 100.00% |
|  |  | Rizing Consulting Pty Ltd. | Australia | 100.00% |
|  |  | Rizing Geospatial LLC | USA | 100.00% |
|  |  | Rizing GmbH | Germany | 100.00% |
|  |  | Rizing Limited | U.K. | 100.00% |
|  |  | Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) | USA | 100.00% |
|  |  | Rizing Pte Ltd. <sup>(5)</sup> | Singapore | 100.00% |
|  The Capital Markets Company BV |  |  | Belgium |  |
|  | CapAfric Consulting (Pty) Ltd |  | South Africa | 100.00% |
|  | Capco Belgium BV |  | Belgium | 100.00% |
|  |  | The Capital Markets Company s.r.o | Slovakia | 15.00% |
|  |  | Capco Consultancy (Thailand) Ltd | Thailand | 0.04% |
|  | Capco Consultancy (Malaysia) Sdn. Bhd |  | Malaysia | 100.00% |
|  | Capco Consultancy (Thailand) Ltd |  | Thailand | 99.92% |
|  | Capco Consulting Singapore Pte. Ltd |  | Singapore | 100.00% |
|  | Capco Greece Single Member P.C |  | Greece | 100.00% |
|  | Capco Poland sp. z.o.o |  | Poland | 100.00% |
|  | The Capital Markets Company (UK) Ltd |  | U.K. | 100.00% |
|  |  | Capco Consultancy (Thailand) Ltd | Thailand | 0.04% |
|  |  | The Capital Markets Company Limited | Hong Kong | 0.01% |
|  | The Capital Markets Company GmbH |  | Germany | 100.00% |
|  |  | Capco Austria GmbH | Austria | 100.00% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | The Capital Markets Company Limited |  | Hong Kong | 99.99% |
|  | The Capital Markets Company Limited |  | Canada | 100.00% |
|  |  | Capco Brasil Serviços E Consultoria Ltda | Brazil | 0.01% |
|  | The Capital Markets Company S.á.r.l |  | Switzerland | 100.00% |
|  |  | Andrion AG | Switzerland | 100.00% |
|  | The Capital Markets Company S.A.S |  | France | 100.00% |
|  | The Capital Markets Company s.r.o |  | Slovakia | 85.00% |
|  Wipro Ampion Holdings Pty Ltd |  |  | Australia |  |
|  | Wipro Revolution IT Pty Ltd |  | Australia | 100.00% |
|  | Wipro Shelde Australia Pty Ltd |  | Australia | 100.00% |
|  Wipro Appirio, Inc. |  |  | USA |  |
|  | Wipro Appirio (Ireland) Limited |  | Ireland | 100.00% |
|  |  | Wipro Appirio UK Limited | U.K. | 100.00% |
|  | Topcoder, LLC |  | USA | 100.00% |
|  Wipro Designit Services, Inc. |  |  | USA |  |
|  | Wipro Designit Services Limited |  | Ireland | 100.00% |
|  Wipro do Brasil Technologia Ltda |  |  | Brazil |  |
|  | Wipro do Brasil Servicos Ltda |  | Brazil | 100.00% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda |  | Brazil | 96.84% |
|  Wipro Portugal S.A. |  |  | Portugal |  |
|  | Wipro do Brasil Technologia Ltda |  | Brazil | 0.56% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda |  | Brazil | 3.09% |
|  | Wipro Technologies GmbH |  | Germany | 85.13% |
|  |  | Wipro Business Solutions GmbH <sup>(5)</sup> | Germany | 100.00% |
|  |  | Wipro IT Services Austria GmbH | Austria | 100.00% |
|  <sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: | <sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: | <sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: | <sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: | <sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: |
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
|  Attune Netherlands B.V. |  |  | Netherlands |  |
|  | Rizing Germany GmbH |  | Germany | 100.00% |
|  | Attune Italia S.R.L |  | Italy | 100.00% |
|  | Attune UK Ltd. |  | U.K. | 100.00% |
|  Rizing Pte Ltd. |  |  | Singapore |  |
|  | Rizing New Zealand Ltd. |  | New Zealand | 100.00% |
|  | Rizing Philippines Inc. |  | Philippines | 100.00% |
|  | Rizing SDN BHD |  | Malaysia | 100.00% |
|  | Rizing Solutions Pty Ltd |  | Australia | 100.00% |
|  Wipro Business Solutions GmbH |  |  | Germany |  |
|  | Wipro Technology Solutions S.R.L |  | Romania | 100.00% |

---

As at September 30, 2025, the Company held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 27% interest in SDVerse LLC, accounted for using the equity method.

The list of controlled trusts are:

---

| | |
|:---|:---|
| **Name of the entity** | **Country of incorporation** |
| Wipro Equity Reward Trust | India |
| Wipro Foundation | India |

---

Vide the order dated June 06, 2025, the Hon'ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.

------

**30.** On August 21, 2025, the Company entered into a definitive agreement to acquire the Digital
Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, a global provider of Engineering, Research & Development (ER&D) services and Information Technology (IT) services for a total consideration including earnouts of
USD 375 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded by quarter ending December 31, 2025.

---

| | | | |
|:---|:---|:---|:---|
| As per our report of even date attached | For and on behalf of the Board of Directors | For and on behalf of the Board of Directors | For and on behalf of the Board of Directors |
| **for Deloitte Haskins & Sells LLP** | **Rishad A. Premji** | **Deepak M. Satwalekar** | **Srinivas Pallia** |
| Chartered Accountants | Chairman | Director | Chief Executive Officer and |
| Firm Registration No: 117366W/W - 100018 | (DIN: 02983899) | (DIN:00009627) | Managing Director |
|  |  |  | (DIN: 10574442) |
| **Anand Subramanian** | **Aparna C. Iyer** |  | **M. Sanaulla Khan** |
| Partner | Chief Financial Officer |  | Company Secretary |
| Membership No. 110815 |  |  | Membership No.: F4129 |
| Bengaluru |  |  |  |
| October 16, 2025 |  |  |  |

---

## Exhibit 99.4

**Exhibit 99.4** 

**WIPRO LIMITED** 

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

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

**STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2025** 

**UNDER IFRS (IASB)** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** | **Year ended** |
|  | **Particulars** | **September 30,<br>2025** | **June 30,<br>2025** | **September 30,<br>2024** | **September 30,<br>2025** | **September 30,<br>2024** | **March 31,<br>2025** |
|  | **Income** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;a) Revenue from operations | 226973 | 221346 | 223016 | 448319 | 442654 | 890884 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;b) Foreign exchange gains/(losses), net | 558 | 182 | (396) | 740 | (602) | 32 |
|  I | **Total income** | **227531** | **221528** | **222620** | **449059** | **442052** | **890916** |
|  | **Expenses** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;a) Purchases of stock-in-trade | 1056 | 545 | 1034 | 1601 | 1698 | 2967 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;b) Changes in inventories of stock-in-trade | (172) | 121 | (152) | (51) | (154) | 195 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;c) Employee benefits expense | 136163 | 134275 | 134695 | 270438 | 266988 | 533477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;d) Depreciation, amortization and impairment expense | 6917 | 6855 | 8308 | 13772 | 15597 | 29579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;e) Sub-contracting and technical fees | 26498 | 25578 | 24582 | 52076 | 49349 | 100148 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;f) Facility expenses | 3519 | 4198 | 3937 | 7717 | 8070 | 16067 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;g) Travel | 3338 | 3788 | 3836 | 7126 | 7773 | 14095 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;h) Communication | 891 | 797 | 1079 | 1688 | 2072 | 3842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;i) Legal and professional fees | 2813 | 1889 | 3013 | 4702 | 5295 | 11270 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;j) Software license expense for internal use | 5253 | 4961 | 4702 | 10214 | 9307 | 19338 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;k) Marketing and brand building | 900 | 883 | 838 | 1783 | 1642 | 3591 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;l) Lifetime expected credit loss/ (write-back) | 1507 | 502 | 593 | 2009 | 567 | 324 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;m) (Gain)/loss on sale of property, plant and equipment, net | (464) | (66) | (820) | (530) | (843) | (606) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;n) Other expenses | 1483 | 1478 | (174) | 2961 | 1473 | 5358 |
|  II | **Total expenses** | **189702** | **185804** | **185471** | **375506** | **368834** | **739645** |
| III | Finance expenses | 3612 | 3608 | 3569 | 7220 | 6857 | 14770 |
| IV | Finance and other income | 8455 | 10417 | 9195 | 18872 | 16675 | 38202 |
| V | Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 152 | 50 | 3 | 202 | (42) | 254 |
|  **VI** | **Profit before tax [I-II-III+IV+V]** | **42824** | **42583** | **42778** | **85407** | **82994** | **174957** |
|  VII | Tax expense | 10200 | 9218 | 10512 | 19418 | 20362 | 42777 |
|  **VIII** | **Profit for the period [VI-VII]** | **32624** | **33365** | **32266** | **65989** | **62632** | **132180** |
|  | **Other comprehensive income (OCI)** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Items that will not be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of the defined benefit plans, net | 238 | (229) | 323 | 9 | 381 | 274 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in equity instruments measured at fair value through OCI | (62) | (1) | 153 | (63) | (166) | (3476) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Items that will be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation differences | 13355 | 6583 | 5115 | 19938 | 3716 | 7331 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |  |  | 13 |  | 13 | (41) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Net change in time value of option contracts designated as cash flow hedges, net of taxes | 58 | (274) | (368) | (216) | (364) | (189) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes | (744) | 170 | (103) | (574) | (18) | 146 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of forward contracts designated as cash flow hedges, net of taxes | (1772) | (1) | (673) | (1773) | (455) | (745) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes | (565) | 588 | 390 | 23 | 574 | 963 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  IX | Total other comprehensive income for the period, net of taxes | 10508 | 6836 | 4850 | 17344 | 3681 | 4263 |
|  | **Total comprehensive income for the period [VIII+IX]** | **43132** | **40201** | **37116** | **83333** | **66313** | **136443** |
|  X | **Profit for the period attributable to:** |  |  |  |  |  |  |
|  | Equity holders of the Company | 32462 | 33304 | 32088 | 65766 | 62120 | 131354 |
|  | Non-controlling interests | 162 | 61 | 178 | 223 | 512 | 826 |
|  |  | **32624** | **33365** | **32266** | **65989** | **62632** | **132180** |
|  | **Total comprehensive income for the period attributable to:** |  |  |  |  |  |  |
|  | Equity holders of the Company | 42898 | 40137 | 36942 | 83035 | 65807 | 135595 |
|  | Non-controlling interests | 234 | 64 | 174 | 298 | 506 | 848 |
|  |  | **43132** | **40201** | **37116** | **83333** | **66313** | **136443** |
|  XI | Paid up equity share capital (Par value ₹ 2 per share) | 20968 | 20965 | 10463 | 20968 | 10463 | 20944 |
|  XII | Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet |  |  |  |  |  | 807365 |
|  **XIII** | **<u>Earnings per share (EPS)</u>** |  |  |  |  |  |  |
|  | (Equity shares of par value of ₹ 2/- each) |  |  |  |  |  |  |
|  | (EPS for the three and six months ended periods are not annualized) |  |  |  |  |  |  |
|  | Basic (in ₹) | 3.10 | 3.18 | 3.07 | 6.28 | 5.94 | 12.56 |
|  | Diluted (in ₹) | 3.09 | 3.17 | 3.06 | 6.26 | 5.93 | 12.52 |

---

**1.** The audited consolidated financial results of the Company for the three and six months ended
September 30, 2025, have been approved by the Board of Directors of the Company at its meeting held on October 16, 2025. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued an audit report
with unmodified opinion on the consolidated financial results for the three and six months ended September 30, 2025.

**2.** The above consolidated financial results have been prepared on the basis of the audited interim
condensed consolidated financial statements for the three and six months ended September 30, 2025, which are prepared in accordance with International Financial Reporting Standards and its interpretations ("IFRS"), as issued by the
International Accounting Standards Board ("IASB"). All amounts included in the consolidated financial results (including notes) are reported in millions of Indian Rupees
(₹ in millions) except share and per share data, unless otherwise stated.

**3.** (Gain)/loss on sale of property, plant and equipment for the three and six months ended
September 30, 2024 and year ended March 31, 2025, includes gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ (885) and for the three and six months ended September 30, 2025, includes gain on transfer of building of ₹ (405).

**4.** Other expenses are net of insurance claim received of ₹ 1,805 for the three and six months ended September 30, 2024 and year ended March 31, 2025.

**5.** **List of subsidiaries, associate and joint venture as at September 30, 2025 are provided in the table below:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
| Attune Consulting India Private Limited |  |  | India | 100.00% |
| Capco Technologies Private Limited |  |  | India | 100.00% |
| Wipro Chengdu Limited |  |  | China | 8.96% |
| Wipro Holdings (UK) Limited |  |  | U.K. | 100.00% |
|  | Wipro Technologies SRL |  | Romania | ^ |
| Wipro IT Services Bangladesh Limited |  |  | Bangladesh | 100.00% |
| Wipro IT Services UK Societas |  |  | U.K. | 100.00% |
|  | Capco Consulting Middle East FZE <sup>(2)</sup> |  | UAE | 100.00% |
|  | Designit A/S |  | Denmark | 100.00% |
|  |  | Designit Denmark A/S | Denmark | 100.00% |
|  |  | Designit Germany GmbH | Germany | 100.00% |
|  |  | Designit Oslo A/S | Norway | 100.00% |
|  |  | Designit Spain Digital, S.L.U | Spain | 100.00% |
|  |  | Designit T.L.V Ltd. | Israel | 100.00% |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Wipro Bahrain Limited Co. W.L.L |  | Bahrain | 100.0% |
| Wipro Czech Republic IT Services s.r.o. |  | Czech Republic | 100.0% |
| Wipro CRM Services |  | Belgium | 100.0% |
|  | Wipro 4C Consulting France SAS | France | 100.0% |
|  | Wipro CRM Services B.V. | Netherlands | 100.0% |
|  | Wipro CRM Services ApS | Denmark | 100.0% |
|  | Wipro CRM Services UK Limited | U.K. | 100.0% |
|  Grove Holdings 2 S.á.r.l |  | Luxembourg | 100.0% |
|  | Capco Solution Services GmbH | Germany | 100.0% |
|  | The Capital Markets Company Italy Srl | Italy | 100.0% |
|  | Capco Brasil Serviços E Consultoria Ltda | Brazil | 99.99% |
|  | The Capital Markets Company BV <sup>(1)</sup> | Belgium | 100.0% |
| PT. WT Indonesia |  | Indonesia | 99.6% |
| Rainbow Software LLC |  | Iraq | 100.0% |
| Wipro Arabia Limited |  | Saudi Arabia | 66.67% |
|  | Women's Business Park Technologies Limited | Saudi Arabia | 100.0% |
| Wipro Doha LLC |  | Qatar | 100.0% |
| Wipro Financial Outsourcing Services Limited |  | U.K. | 100.0% |
|  | Wipro UK Limited | U.K. | 100.0% |
| Wipro Gulf LLC |  | Sultanate of Oman | 99.98% |
| Wipro Information Technology Netherlands BV. |  | Netherlands | 100.0% |
|  | Wipro Gulf LLC | Sultanate of Oman | 0.02% |
|  | Wipro Technologies SA | Argentina | 2.62% |
|  | Wipro (Thailand) Co. Limited | Thailand | 0.03% |
|  | Wipro Technologies GmbH | Germany | 14.87% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 0.07% |
|  | Wipro do Brasil Technologia Ltda <sup>(1)</sup> | Brazil | 99.44% |
|  | Wipro Information Technology Kazakhstan LLP | Kazakhstan | 100.0% |
|  | Wipro Outsourcing Services (Ireland) Limited | Ireland | 100.0% |
|  | Wipro Portugal S.A. <sup>(1)</sup> | Portugal | 100.0% |
|  | Wipro Solutions Canada Limited | Canada | 100.0% |
|  | Wipro Technologies Limited | Russia | 99.99% |
|  | Wipro Technologies Peru SAC | Peru | 99.98% |
|  | Wipro Technologies W.T. Sociedad Anonima | Costa Rica | 100.0% |
|  | Wipro Technology Chile SPA | Chile | 100.0% |
|  | Applied Value Technologies B.V. | Netherlands | 100.0% |
| Wipro IT Service Ukraine, LLC |  | Ukraine | 100.0% |
| Wipro IT Services Poland SP Z.O.O |  | Poland | 100.0% |
| Wipro IT Services S.R.L. |  | Romania | 100.0% |
| Wipro Regional Headquarter |  | Saudi Arabia | 100.0% |
| Wipro Technologies Australia Pty Ltd |  | Australia | 100.0% |
|  | Wipro Ampion Holdings Pty Ltd <sup>(1)</sup> | Australia | 100.0% |
| Wipro Technologies SA |  | Argentina | 97.38% |
| Wipro Technologies SA DE CV |  | Mexico | 91.08% |
| Wipro Technologies South Africa (Proprietary) Limited |  | South Africa | 69.42% |
|  | Wipro Technologies Nigeria Limited | Nigeria | 99.84% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Wipro Technologies SRL |  | Romania | 100.00% |
|  | Wipro (Thailand) Co. Limited |  | Thailand | 99.97% |
|  | Wipro Shanghai Limited |  | China | 84.63% |
|  | Wipro Technologies Nigeria Limited |  | Nigeria | 0.16% |
|  | Wipro Technologies Limited |  | Russia | 0.01% |
|  | Wipro Technologies Peru SAC |  | Peru | 0.02% |
|  Wipro Japan KK |  |  | Japan | 100.00% |
|  Wipro Networks Pte Limited |  |  | Singapore | 100.00% |
|  | Applied Value Technologies Pte. Limited |  | Singapore | 100.00% |
|  | Wipro Chengdu Limited |  | China | 91.04% |
|  | PT. WT Indonesia |  | Indonesia | 0.40% |
|  | Wipro (Thailand) Co. Limited |  | Thailand | ^ |
|  | Wipro (Dalian) Limited |  | China | 100.00% |
|  | Wipro Technologies SDN BHD |  | Malaysia | 100.00% |
|  | Wipro (Tianjin) Limited <sup>(3)</sup> |  | China | 100.00% |
|  Wipro Philippines, Inc. |  |  | Philippines | 100.00% |
|  Wipro Shanghai Limited |  |  | China | 15.37% |
|  Wipro Travel Services Limited |  |  | India | 100.00% |
|  Wipro, LLC |  |  | USA | 100.00% |
|  | Wipro Technologies SA DE CV |  | Mexico | 8.92% |
|  | Wipro Gallagher Solutions, LLC |  | USA | 100.00% |
|  | Wipro Insurance Solutions, LLC |  | USA | 100.00% |
|  | Wipro IT Services, LLC |  | USA | 100.00% |
|  |  | Aggne Global Inc. | USA | 60.00% |
|  |  | Cardinal US Holdings, Inc.<sup>(1)</sup> | USA | 100.00% |
|  |  | Edgile, LLC | USA | 100.00% |
|  |  | HealthPlan Services, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Infocrossing, LLC | USA | 100.00% |
|  |  | International TechneGroup Incorporated <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro NextGen Enterprise Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Rizing Intermediate Holdings, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Appirio, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Designit Services, Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Wipro Telecom Consulting LLC | USA | 100.00% |
|  |  | Wipro VLSI Design Services, LLC | USA | 100.00% |
|  |  | Applied Value Technologies, Inc. | USA | 100.00% |
| Aggne Global IT Services Private Limited |  |  | India | 60.00% |
| Wipro, Inc. |  |  | USA | 100.00% |
|  | Wipro Life Science Solutions, LLC |  | USA | 100.00% |
| Wipro Digital Inc. <sup>(4)</sup> |  |  | USA | 100.00% |
| The Wipro SA Broad Based Ownership Scheme Trust |  |  |  |  |
|  | Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD |  |  | 100.00% |
|  |  | Wipro Technologies South Africa (Proprietary) Limited | South Africa | 30.58% |

---

---

| | |
|:---|:---|
| ^ | Value is less than 0.01%  |

---

The Company controls 'The Wipro SA Broad Based Ownership Scheme Trust', 'Wipro SA Broad Based Ownership Scheme SPV (RF) (PTY) LTD' incorporated in South Africa and Wipro Foundation in India.

<sup>(2)</sup> Grove Holdings 2 S.á.r.l. has transferred its entire shareholding in Capco Consulting Middle East FZE to Wipro IT Services UK Societas, effective September 19, 2025.

<sup>(3)</sup> Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro Networks Pte Limited. 

------

<sup>(4)</sup> Wipro Digital Inc. has been incorporated with effect from August 04, 2025, which is 100% held by the Company. 

<sup>(1)</sup> Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup Incorporated, Wipro NextGen Enterprise Inc., Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda and Wipro Portugal S.A. are as follows: 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
|  Cardinal US Holdings, Inc. |  |  | USA |  |
|  | Capco Consulting Services LLC |  | USA | 100.00% |
|  | Capco RISC Consulting LLC |  | USA | 100.00% |
|  | The Capital Markets Company LLC |  | USA | 100.00% |
|  HealthPlan Services, Inc. |  |  | USA |  |
|  | HealthPlan Services Insurance Agency, LLC |  | USA | 100.00% |
|  International TechneGroup Incorporated |  |  | USA |  |
|  | International TechneGroup Ltd. |  | U.K. | 100.00% |
|  | ITI Proficiency Ltd |  | Israel | 100.00% |
|  | MechWorks S.R.L. |  | Italy | 100.00% |
|  Wipro NextGen Enterprise Inc. |  |  | USA |  |
|  | LeanSwift AB |  | Sweden | 100.00% |
|  Rizing Intermediate Holdings, Inc. |  |  | USA |  |
|  | Rizing Lanka (Private) Ltd |  | Sri Lanka | 100.00% |
|  |  | Attune Netherlands B.V. <sup>(5)</sup> | Netherlands | 100.00% |
|  | Rizing Solutions Canada Inc. |  | Canada | 100.00% |
|  | Rizing LLC |  | USA | 100.00% |
|  |  | Aasonn Philippines Inc. | Philippines | 100.00% |
|  |  | Rizing B.V. | Netherlands | 100.00% |
|  |  | Rizing Consulting Ireland Limited | Ireland | 100.00% |
|  |  | Rizing Consulting Pty Ltd. | Australia | 100.00% |
|  |  | Rizing Geospatial LLC | USA | 100.00% |
|  |  | Rizing GmbH | Germany | 100.00% |
|  |  | Rizing Limited | U.K. | 100.00% |
|  |  | Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) | USA | 100.00% |
|  |  | Rizing Pte Ltd. <sup>(5)</sup> | Singapore | 100.00% |
|  The Capital Markets Company BV |  |  | Belgium |  |
|  | CapAfric Consulting (Pty) Ltd |  | South Africa | 100.00% |
|  | Capco Belgium BV |  | Belgium | 100.00% |
|  |  | The Capital Markets Company s.r.o | Slovakia | 15.00% |
|  |  | Capco Consultancy (Thailand) Ltd | Thailand | 0.04% |
|  | Capco Consultancy (Malaysia) Sdn. Bhd |  | Malaysia | 100.00% |
|  | Capco Consultancy (Thailand) Ltd |  | Thailand | 99.92% |
|  | Capco Consulting Singapore Pte. Ltd |  | Singapore | 100.00% |
|  | Capco Greece Single Member P.C |  | Greece | 100.00% |
|  | Capco Poland sp. z.o.o |  | Poland | 100.00% |
|  | The Capital Markets Company (UK) Ltd |  | U.K. | 100.00% |
|  |  | Capco Consultancy (Thailand) Ltd | Thailand | 0.04% |
|  |  | The Capital Markets Company Limited | Hong Kong | 0.01% |
|  | The Capital Markets Company GmbH |  | Germany | 100.00% |
|  |  | Capco Austria GmbH | Austria | 100.00% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
|  | The Capital Markets Company Limited |  | Hong Kong | 99.99% |
|  | The Capital Markets Company Limited |  | Canada | 100.00% |
|  |  | Capco Brasil Serviços E Consultoria Ltda | Brazil | 0.01% |
|  | The Capital Markets Company S.á.r.l |  | Switzerland | 100.00% |
|  |  | Andrion AG | Switzerland | 100.00% |
|  | The Capital Markets Company S.A.S |  | France | 100.00% |
|  | The Capital Markets Company s.r.o |  | Slovakia | 85.00% |
|  Wipro Ampion Holdings Pty Ltd |  |  | Australia |  |
|  | Wipro Revolution IT Pty Ltd |  | Australia | 100.00% |
|  | Wipro Shelde Australia Pty Ltd |  | Australia | 100.00% |
|  Wipro Appirio, Inc. |  |  | USA |  |
|  | Wipro Appirio (Ireland) Limited |  | Ireland | 100.00% |
|  |  | Wipro Appirio UK Limited | U.K. | 100.00% |
|  | Topcoder, LLC |  | USA | 100.00% |
|  Wipro Designit Services, Inc. |  |  | USA |  |
|  | Wipro Designit Services Limited |  | Ireland | 100.00% |
|  Wipro do Brasil Technologia Ltda |  |  | Brazil |  |
|  | Wipro do Brasil Servicos Ltda |  | Brazil | 100.00% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda |  | Brazil | 96.84% |
|  Wipro Portugal S.A. |  |  | Portugal |  |
|  | Wipro do Brasil Technologia Ltda |  | Brazil | 0.56% |
|  | Wipro Do Brasil Sistemas De Informatica Ltda |  | Brazil | 3.09% |
|  | Wipro Technologies GmbH |  | Germany | 85.13% |
|  |  | Wipro Business Solutions GmbH <sup>(5)</sup> | Germany | 100.00% |
|  |  | Wipro IT Services Austria GmbH | Austria | 100.00% |

---

<sup>(5)</sup> Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Subsidiaries** | **Subsidiaries** | **Country of<br>Incorporation** | **Holding** |
|  Attune Netherlands B.V. |  | Netherlands |  |
|  | Rizing Germany GmbH | Germany | 100.00% |
|  | Attune Italia S.R.L | Italy | 100.00% |
|  | Attune UK Ltd. | U.K. | 100.00% |
|  Rizing Pte Ltd. |  | Singapore |  |
|  | Rizing New Zealand Ltd. | New Zealand | 100.00% |
|  | Rizing Philippines Inc. | Philippines | 100.00% |
|  | Rizing SDN BHD | Malaysia | 100.00% |
|  | Rizing Solutions Pty Ltd | Australia | 100.00% |
|  Wipro Business Solutions GmbH |  | Germany |  |
|  | Wipro Technology Solutions S.R.L | Romania | 100.00% |

---

As at September 30, 2025, the Company held 43.7% interest in Drivestream Inc. and Wipro IT Services LLC held 27% interest in SDVerse LLC, accounted for using the equity method.

The list of controlled trusts are:

---

| | |
|:---|:---|
| **Name of the entity** | **Country of incorporation** |
| Wipro Equity Reward Trust | India |
| Wipro Foundation | India |

---

Vide the order dated June 06, 2025, the Hon'ble National Company Law Tribunal, Bengaluru bench, approved the scheme of amalgamation for the merger of wholly owned subsidiaries Wipro HR Services India Private Limited, Wipro Overseas IT Services Private Limited, Wipro Technology Product Services Private Limited, Wipro Trademarks Holding Limited and Wipro VLSI Design Services India Private Limited with Wipro Limited. As per the said scheme, the appointed date is April 1, 2025.

------

**6.** **Segment Information** 

The Company is organized into the following operating segments: IT Services and IT Products.

**IT Services:** The IT services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units ("**SMUs**")—Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa ("**APMEA**").

Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.

**Americas 1** includes the entire business of Latin America (**"LATAM"**) and the following industry sectors in the United States of America: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health, and Consumer. **Americas 2** includes the entire business in Canada and the following industry sectors in the United States of America: Banking and Financial services, Energy, Manufacturing and Resources, Capital markets and Insurance, and Hi-tech. **Europe** consists of the United Kingdom and Ireland, Switzerland, Germany and Western Europe. **APMEA** consists of Australia and New Zealand, Southeast Asia, Japan, India, the Middle East, and Africa.

Revenue from each customer is attributed to the respective SMUs based on the location of the customer's primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer's buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.

Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.

**IT Products:** The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.

The Chief Executive Officer ("**CEO**") and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, "Operating Segments". The CEO 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 segments for the three months ended September 30, 2025, June 30, 2025, September 30, 2024, six months ended September 30, 2025, September 30, 2024, and year ended March 31, 2025 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** | **Year ended** |
| **Particulars** | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **September 30,**<br>**2024** | **September 30,**<br>**2025** | **September 30,**<br>**2024** | **March 31,**<br>**2025** |
| **Particulars** | Audited | Audited | Audited | Audited | Audited | Audited |
|  **Segment revenue** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 74821 | 73097 | 68393 | 147918 | 136093 | 281824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 67011 | 67070 | 67932 | 134081 | 135270 | 271972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 59531 | 56817 | 61821 | 116348 | 122243 | 240077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 25042 | 23816 | 23811 | 48858 | 47314 | 94351 |
|  **Total of IT Services** | **226405** | **220800** | **221957** | **447205** | **440920** | **888224** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Products | 1126 | 728 | 663 | 1854 | 1132 | 2692 |
|  **Total segment revenue** | **227531** | **221528** | **222620** | **449059** | **442052** | **890916** |
|  **Segment result** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 15435 | 14994 | 13338 | 30429 | 27025 | 58186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 13122 | 13385 | 15005 | 26507 | 30538 | 61326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 6962 | 6026 | 7821 | 12988 | 13694 | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 3308 | 2979 | 3070 | 6287 | 5511 | 12850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unallocated | (1018) | 750 | (1912) | (268) | (3389) | (10157) |
|  **Total of IT Services** | **37809** | **38134** | **37322** | **75943** | **73379** | **151639** |
|  IT Products | 101 | 20 | (183) | 121 | (230) | (173) |
|  Reconciling Items | (81) | (2430) | 10 | (2511) | 69 | (195) |
|  **Total segment result** | **37829** | **35724** | **37149** | **73553** | **73218** | **151271** |
|  Finance expenses | (3612) | (3608) | (3569) | (7220) | (6857) | (14770) |
|  Finance and other income | 8455 | 10417 | 9195 | 18872 | 16675 | 38202 |
|  Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 152 | 50 | 3 | 202 | (42) | 254 |
|  **Profit before tax** | **42824** | **42583** | **42778** | **85407** | **82994** | **174957** |

---

------

**Notes:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) "Reconciling Items" includes elimination of inter-segment transactions and other corporate
activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Revenue from sale of Company owned intellectual properties is reported as part of IT Services revenues.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) For the purpose of segment reporting, the Company has included the net impact of foreign exchange
gains/(losses), net in revenues amounting to ₹ 558, ₹ 182, and ₹ (396) for the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, respectively, ₹ 740 and ₹ (602) for the six months ended September 30, 2025, September 30, 2024, and ₹ 32 for the year ended March 31, 2025, which is reported under foreign exchange gains/(losses), net in the consolidated financial results.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Restructuring cost of ₹ Nil, ₹ 2,469 and ₹ Nil for the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, respectively and ₹ 2,469 and ₹ Nil for the six months ended September 30, 2025 and
2024, respectively, and ₹ Nil for the year ended March 31, 2025, is included under Reconciling Items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) "Unallocated" within IT Services segment results is after recognition of the below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three months ended** | **Three months ended** | **Three months ended** | **Six months ended** | **Six months ended** | **Year ended** |
| | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **September 30,**<br>**2024** | **September 30,**<br>**2025** | **September 30,**<br>**2024** | **March 31,**<br>**2025** |
|  Amortization and impairment expenses on intangible assets | 1670 | 1625 | 2919 | 3295 | 4701 | 7909 |
|  Change in fair value of contingent consideration | ^ | 48 | (167) | 48 | (167) | (169) |

---

^ Value is less than 0.5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,264, ₹ 436 and ₹ 1,306 for the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, respectively and ₹ 1,700 and ₹ 2,635 for the six months ended September 30, 2025, September 30, 2024, respectively and ₹ 5,542 for the year ended March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and
equipment of ₹ (464), ₹ (66) and ₹ (820) for the three months ended September 30, 2025, June 30, 2025 and September 30, 2024, respectively, and ₹ (530) and ₹ (843) for the six months ended September 30, 2025,
September 30, 2024, respectively, and ₹ (606) for the year ended March 31, 2025.

**7.** During the year ended March 31, 2025, decline in revenue and earnings estimates led to revision of
recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge of ₹ 1,155 for the year ended March 31, 2025, as part of amortization and impairment.

**8.** Earnings per share for the three and six months ended September 30, 2024, have been proportionately
adjusted for the bonus shares issued during the year ended March 31, 2025, in the ratio of 1:1 i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one)
fully paid-up equity shares held (including ADS holders).

**9.** On August 21, 2025, the Company entered into a definitive agreement to acquire the Digital
Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, a global provider of Engineering, Research & Development (ER&D) services and Information Technology (IT) services for a total consideration including earnouts of
USD 375 million. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to be concluded by quarter ending December 31, 2025.

------

**10.** **Audited Consolidated Balance Sheet** 

---

| | | |
|:---|:---|:---|
|  | **As at March 31, 2025** | **As at September 30, 2025** |
|  **ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | 325014 | 339417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 27450 | 25108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 80684 | 79067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right-of-Use assets | 25598 | 28079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | ^ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 26458 | 42831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables | 299 | 638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 4664 | 4821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments accounted for using the equity method | 1327 | 1586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets | 2561 | 3692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  | 1728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax assets | 7230 | 6398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current assets | 7460 | 7974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current assets** | **508745** | **541339** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 694 | 740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 1820 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 411474 | 380582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 121974 | 130837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables | 117745 | 118626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables | 64280 | 74475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 8448 | 8919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets | 15795 | 14982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets | 6417 | 8617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current assets | 29128 | 31541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current assets** | **777775** | **769336** |
|  **TOTAL ASSETS** | **1286520** | **1310675** |
|  **EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital | 20944 | 20968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share premium | 2628 | 5144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 716477 | 731071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based payment reserve | 6985 | 6169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Economic Zone Re-investment reserve | 27778 | 26596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other components of equity | 53497 | 70766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity attributable to the equity holders of the Company** | **828309** | **860714** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 2138 | 1906 |
|  **TOTAL EQUITY** | **830447** | **862620** |
|  **LIABILITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and borrowings | 63954 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 22193 | 25119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 7793 | 5503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities | 16443 | 15189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax liabilities | 42024 | 41010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current liabilities | 17119 | 20031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 294 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current liabilities** | **169820** | **107084** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans, borrowings and bank overdrafts | 97863 | 128507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 8025 | 8011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 968 | 4696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses | 88252 | 89171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 3878 | 6084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities | 20063 | 21315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities | 34481 | 47937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current liabilities | 31086 | 33803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 1637 | 1447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current liabilities** | **286253** | **340971** |
|  **TOTAL LIABILITIES** | **456073** | **448055** |
|  **TOTAL EQUITY AND LIABILITIES** | **1286520** | **1310675** |

---

^ Value is less than 0.5

------

**11.** **Audited Consolidated Statement of Cash flows** 

---

| | | |
|:---|:---|:---|
|  | **Six months ended September 30,** | **Six months ended September 30,** |
|  | **2024** | **2025** |
|  **Cash flows from operating activities** |  |  |
|  Profit for the period | 62632 | 65989 |
|  **Adjustments to reconcile profit for the period to net cash generated from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of property, plant and equipment, net | (843) | (530) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation, amortization and impairment expense | 15597 | 13772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized exchange (gain)/loss, net | 279 | 2587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation expense | 2640 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net (profit)/loss of associate and joint venture accounted for using equity method | 42 | (202) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 20362 | 19418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income, net of finance expenses | (9818) | (11652) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration | (167) | 48 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lifetime expected credit loss/(write-back) | 567 | 2009 |
|  **Changes in operating assets and liabilities, net of effects from acquisitions** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in trade receivables | 6008 | (408) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in unbilled receivables and contract assets | (4034) | (9979) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in Inventories | (145) | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in other financial assets and other assets | 1103 | 456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions | (4216) | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in contract liabilities | 724 | 920 |
|  **Cash generated from operating activities before taxes** | **90731** | **85245** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes paid, net | (8083) | (10254) |
|  **Net cash generated from operating activities** | **82648** | **74991** |
|  **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of property, plant and equipment | (5017) | (6114) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposal of property, plant and equipment | 1459 | 678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of investments | (423829) | (438513) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sale of investments | 323786 | 456635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of security deposit for property, plant and equipment | (300) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest received | 13981 | 15366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend received | 1 | 2 |
|  **Net cash generated from/(used in) investing activities** | **(89919)** | **28054** |
|  **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from issuance of equity shares and shares pending allotment | 13 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of loans and borrowings | (66333) | (154690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans and borrowings | 89835 | 118303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of lease liabilities | (5054) | (5616) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for contingent consideration |  | (316) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of deferred consideration on business combination |  | (216) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest and finance expenses paid | (4177) | (3170) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividend |  | (52354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividend to Non-controlling interest holders |  | (569) |
|  **Net cash generated from/(used) in financing activities** | **14284** | **(98604)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in cash and cash equivalents during the period | 7013 | 4441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash and cash equivalents | 591 | 4422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents at the beginning of the period | 96951 | 121974 |
|  **Cash and cash equivalents at the end of the period** | **104555** | **130837** |

---

---

| | |
|:---|:---|
| By order of the Board, | For, Wipro Limited |
| Place: Bengaluru<br> Date: October 16, 2025 | **Rishad A. Premji**<br> Chairman |

---

## Exhibit 99.5

**Exhibit 99.5**![LOGO](g62510g63k63.jpg)

Wipro Limited Highlights for the Quarter ended September 30, 2025 REVENUE QoQ Constant YoY Constant Adjusted Operating $2.6 Bn Currency Currency Margin Note 1 0.3% 2.6% 17.2% STRATEGIC MARKET UNITS MIX 33.0% AMERICAS 1 29.6% AMERICAS 2 26.3% EUROPE 11.1% APMEA SECTOR MIX 34.3% 18.2% 17.4% 15.6% 14.5% Banking, Consumer Technology and Energy, Health Financial Communications Manufacturing Services and Resources and Insurance TOTAL $4.7 Bn Operating EPS ₹ 3.1 Cash Flow $382 Mn BOOKINGS 30.9% YoY CC 2.5% QoQ Operating LARGE DEAL $2.9 Bn cash 103.8% TCV 1.0% YoY Flow/Net 90.5% YoY CC Income Revenue from our IT Services business segment to be in the range of $2,591 million to $2,644 million\*. This translates to sequential guidance of (-)0.5% to OUTLOOK (+)1.5% in constant currency terms. The guidance stated above does not include for the Quarter ending any expected revenue from the recently announced acquisition of Harman Digital December 31, 2025 Transformation Solutions. \*Outlook for the Quarter ending December 31, 2025, is based on the following exchange rates: GBP/USD at 1.35, Euro/USD at 1.16, AUD/USD at 0.65, USD/INR at 87.21 and CAD/USD at 0.72 CUSTOMER CONCENTRATION TOP1 4.8% 14.4% TOP 10 24.0% TOP 5 TOTAL HEADCOUNT 235,492 ATTRITION VOL – TTM 14.9% OFFSHORE REVENUE NET UTILIZATION 86.4% 60.2% PERCENTAGE OF SERVICES EXCLUDING TRAINEES P a g e 1

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![LOGO](g62510g64k64.jpg)

Wipro Limited Results for the Quarter ended September 30, 2025 FY 25-26 FY 24–25 A IT Services Q2 Q1 FY Q4 Q3 Q2 Q1 IT Services Revenues ($Mn) 2,604.3 2,587.4 10,511.5 2,596.5 2,629.1 2,660.1 2,625.9 Sequential Growth 0.7% -0.3% -2.7% -1.2% -1.2% 1.3% -1.2% Sequential Growth in Constant Currency Note 2 0.3% -2.0% -2.3% -0.8% 0.1% 0.6% -1.0% Operating Margin % Note 1 16.7% 17.3% 17.1% 17.5% 17.5% 16.8% 16.5% Strategic Market Units Mix Americas 1 33.0% 33.1% 31.7% 32.8% 32.3% 30.8% 30.9% Americas 2 29.6% 30.4% 30.6% 30.6% 30.6% 30.6% 30.8% Europe 26.3% 25.7% 27.1% 26.1% 26.7% 27.9% 27.6% APMEA 11.1% 10.8% 10.6% 10.5% 10.4% 10.7% 10.7% Sectors Mix Banking, Financial Services and Insurance 34.3% 33.6% 34.3% 34.2% 34.1% 34.8% 34.0% Consumer 18.2% 18.6% 19.1% 18.9% 19.0% 19.2% 19.2% Energy, Manufacturing and Resources 17.4% 17.7% 17.2% 17.3% 16.9% 17.0% 17.6% Technology and Communications 15.6% 15.5% 15.3% 15.2% 15.3% 15.4% 15.3% Health 14.5% 14.6% 14.1% 14.4% 14.7% 13.6% 13.9% Total Bookings Total Bookings TCV ($Mn) Note 3 4,688 4,971 14,315 3,955 3,514 3,561 3,284 Large deal TCV ($Mn) Note 4 2,853 2,666 5,368 1,763 961 1,489 1,154 Guidance ($Mn) 2,560 - 2,612 2,505 - 2,557 - 2,602 - 2,655 2,607 - 2,660 2,600 - 2,652 2,617-2,670 Guidance restated based on 2,570 – 2,622 2,549 – 2,601 - 2,591 – 2,644 2,575 – 2,628 2,618 – 2,670 2,612-2,665 actual currency realized ($Mn) Revenues performance against guidance 2,604 2,587 - 2,597 2,629 2,660 2,626 ($Mn) P a g e 2

------

![LOGO](g62510g65k65.jpg)

FY 25-26 FY 24–25 Q2 Q1 FY Q4 Q3 Q2 Q1 Customer size distribution (TTM) > $100Mn 16 16 17 17 18 21 22 > $75Mn 29 27 28 28 30 30 29 > $50Mn 45 47 44 44 42 42 43 > $20Mn 104 109 111 111 114 117 117 > $10Mn 177 180 181 181 187 186 192 > $5Mn 272 281 289 289 290 297 301 > $3Mn 393 397 398 398 403 411 407 > $1Mn 730 725 716 716 722 733 735 Revenue from Existing customers % 98.6% 99.6% 99.0% 98.1% 98.8% 99.4% 99.7% Number of new customers 45 49 197 63 63 28 43 Total Number of active customers 1257 1,266 1,282 1,282 1,299 1,342 1,364 Customer Concentration Top customer 4.8% 4.7% 4.3% 4.4% 4.5% 4.1% 4.0% Top 5 14.4% 14.7% 14.0% 14.5% 14.3% 14.0% 13.6% Top 10 24.0% 24.5% 23.3% 24.2% 23.7% 22.9% 22.5% % of Revenue USD 62% 63% 62% 63% 62% 61% 61% GBP 11% 10% 10% 10% 10% 11% 11% EUR 9% 9% 10% 9% 10% 10% 10% INR 4% 4% 4% 4% 4% 4% 4% AUD 4% 3% 4% 3% 4% 4% 4% CAD 3% 3% 3% 3% 3% 3% 3% Others 7% 8% 7% 8% 7% 7% 7% Closing Employee Count 235,492 233,232 233,346 233,346 232,732 233,889 232,911 Sales & Support Staff (IT Services) 14,863 15,131 15,230 15,230 15,311 15,336 15,539 Utilization Note 5 Net Utilization (Excluding Trainees) 86.4% 85.0% 85.6% 84.6% 83.5% 86.4% 87.7% Attrition Voluntary TTM (IT Services excl. DOP) 14.9% 15.1% 15.0% 15.0% 15.3% 14.5% 14.1% DOP % — Post Training Quarterly 8.2% 8.2% 7.8% 7.7% 7.1% 7.9% 8.3% Revenue Mix Note 5 Revenue from FPP 53.0% 53.5% 56.6% 55.5% 56.7% 56.7% 57.6% Offshore Revenue — % of Services 60.2% 59.8% 60.1% 62.1% 60.8% 59.8% 57.9% P a g e 3

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![LOGO](g62510g66k66.jpg)

Growth Metrics B Note 2 for the Quarter ended September 30, 2025 Q2'26 Q2'26 Q2'26 Q2'26 Reported Reported CC CC QoQ% YoY% QoQ% YoY% IT Services 0.7% -2.1% 0.3% -2.6% Strategic Market Units Americas 1 0.6% 5.0% 0.5% 5.0% Americas 2 -2.0% -5.3% -2.0% -5.2% Europe 2.7% -7.6% 1.4% -10.2% APMEA 3.3% 0.9% 3.1% 2.6% Sectors Banking, Financial Services and Insurance 2.6% -3.5% 2.2% -4.0% Consumer -1.1% -6.6% -1.7% -7.4% Energy, Manufacturing and Resources -0.8% 0.5% -1.5% -0.5% Technology and Communications 1.0% -1.3% 0.8% -1.7% Health -0.2% 3.9% -0.2% 3.9% Annexure to Datasheet C Segment-wise breakup of Q2 FY25-26 (INR Mn) Cost of Revenues, S&M and G&A Reconciling Particulars IT Services IT Products Total Items Cost of revenues 158,861 929 42 159,832 Selling and marketing expenses 14,893 28 -1 14,920 General and administrative expenses 14,842 68 40 14,950 Total 188,596 1,025 81 189,702 Reconciliation of Segment Results Q2 FY 25-26 Q2 FY 25-26 (INR Mn) (Three months ended September 30, 2025) (Operating Margin) IT Services Segment Results 37,809 16.7% Effect of impact of customer bankruptcy 1,165 Adjusted IT Services Segment Results 38,974 17.2% Note 1: IT Services Operating Margin refers to Segment Results total as reflected in IFRS financials. IT services operating margin for Q2'26 was impacted by a provision of INR 1,165 million ($13.1 million) made with respect to bankruptcy of a customer. Adjusted for this event, IT Services Margin for the quarter was 17.2% (refer annexure C) Note 2:Constant currency (CC) for a period is the product of volumes in that period times the average actual exchange rate of the corresponding comparative period Note 3: Total Bookings refers to the total contract value of all orders that were booked during the period including new orders, renewals, and changes to existing contracts. Bookings do not reflect subsequent terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of the contract. For constant currency growth rates, refer note 2 Note 4: Large deal bookings constitute of deals greater than or equal to $30 million in total contract value terms Note 5: IT Services excluding DOP (Digital Operations and Platforms) and entities which are not integrated in Wipro limited systems at the beginning of current fiscal year. P a g e 4