# EDGAR Filing Document

**Accession Number:** 0001123799
**File Stem:** 0001193125-26-018114
**Filing Date:** 2026-1
**Character Count:** 267343
**Document Hash:** b8b368d0036baa225ad93d6eedec4770
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-018114.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001193125-26-018114

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260121

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**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:** 26548582

**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 January 2026** 

**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 December 31, 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 January 16, 2026, the Company announced its results of operations for the quarter ended December 31, 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 December 31, 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 December 31, 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 December 31, 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 December 31, 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 |
|  /s/ Aparna Chandrashekar Iyer |
|  Aparna Chandrashekar Iyer |
|  *Chief Financial Officer* |
|  Dated: January 21, 2026 |

---

------

**INDEX TO EXHIBITS** 

---

| | |
|:---|:---|
| **Item** |  |
| 99.1 | [IFRS Press Release](d848143dex991.htm) |
| 99.2 | [Form of Advertisement Placed in Indian Newspapers](d848143dex992.htm) |
| 99.3 | [Consolidated Interim Financial Statements under IFRS](d848143dex993.htm) |
| 99.4 | [Statutorily Audited Consolidated Financial Results filed with stock exchanges in India](d848143dex994.htm) |
| 99.5 | [Data sheet containing operating metrics filed with stock exchanges in India](d848143dex995.htm) |

---

## Exhibit 99.1

**Exhibit 99.1** 

FOR IMMEDIATE RELEASE

![LOGO](g848143g0121130956545.jpg)

**Wipro announces results for the Quarter ended December 31, 2025** 

IT service segment revenue grows 1.4% QoQ CC and 1.2% in reported terms

Operating margin at 17.6%; Expands 0.9% sequentially and 0.1% YoY

Overall deal bookings at $3.3Bn; Large deal booking at $0.9Bn

Operating cash flows at 135.4% of net income

**EAST BRUNSWICK, N.J. \| BANGALORE, India – January 16, 2026**: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2025.

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

**Results for the Quarter ended December 31, 2025:** 

1. Gross revenue at ₹ 235.6 billion ($2,622.0 million<sup>1</sup>), increase of 3.8% QoQ and 5.5% YoY.

2. IT services segment revenue was at $2,635.4 million, increase of 1.2% QoQ and 0.2% YoY.

3. Non-GAAP <sup>2</sup> constant
currency IT Services segment revenue increased 1.4% QoQ and decreased 1.2% YoY.

4. Total bookings<sup>3</sup> was at $3,335 million, down 5.7% YoY
in constant currency<sup>2</sup>. Large deal bookings<sup>4</sup> was at $871 million, decrease of 8.4% YoY in constant currency<sup>2</sup>.

5. IT services operating margin<sup>5</sup> for Q3'26 was 17.6%,
expansion of 0.9% QoQ and 0.1% on YoY basis.

6. Net income for the quarter was at ₹ 31.2 billion ($347.2 million<sup>1</sup>), decrease of 3.9% QoQ and 7.0% YoY.

7. Earnings per share for the quarter at ₹ 2.98 ($0.03<sup>1</sup>), decrease of 3.9% QoQ and 7.2% YoY.

8. Adjusted for impact of labour code changes<sup>6</sup>, Net Income
for the quarter was ₹ 33.6 billion ($374.3 million<sup>1</sup>), increase of 3.6% QoQ and 0.3% YoY and EPS for the
quarter was ₹ 3.21 ($0.04<sup>1</sup>), increase of 3.5 % QoQ and flat YoY.

9. Operating cash flows of ₹ 42.6 billion ($474.1 million<sup>1</sup>), increase of 25.7% QoQ and decrease of 13.6% YoY and at 135.4% of Net Income
for the quarter.

10. Voluntary attrition was at 14.2% on a trailing 12-month basis.

**<u>Outlook for the Quarter ending March 31, 2026</u>**

We expect revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million\*. This translates to sequential guidance of 0% to 2.0% in constant currency terms.

*\** *Outlook for the Quarter ending March 31, 2026, is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72*

------

**<u>Performance for the Quarter ended December 31, 2025</u>**

**Srini Pallia, CEO and Managing Director, said** *"In Q3, we delivered broad-based growth in line with our expectations. As AI becomes a strategic imperative, Wipro Intelligence is emerging as a differentiator and contributed to several wins this quarter. We saw greater adoption of our AI-enabled platforms and solutions, scaled AI-led delivery through WINGS and WEGA, and expanded our innovation network across global locations."*

**Aparna Iyer, Chief Financial Officer, said** *"Our IT services operating margins at 17.6% expanded both sequentially and on a year-on-year basis. This is our best margin performance in last few years. Our continued focus on execution rigour also reflects in our strong operating cash flow of 135% of net income in Q3. We are also pleased to share that the Board has declared an interim dividend of* ₹*6 per share which will take the total payout for the year to $1.3 Bn."*

*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 =* ₹ *89.84, as published by the Federal Reserve Board of Governors on December 31, 2025. However, the realized exchange rate in our IT Services business segment for the quarter ended December 31, 2025, was US$1=* ₹ *88.71* 

*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.* 

*6.* *Adjusted for impact of past service cost on gratuity due to implementation of new labour code amounting to* ₹ *3,028Mn for the three and nine months ended December 31, 2025, is included in the table title "Reconciliation for Adjusted Net Income and Adjusted EPS" on page 12.* 

------

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

In Q3'26, Wipro continued to win large and strategic deals across industries. Key highlights include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. A global technology leader has renewed its decade-long relationship with Wipro to advance trust and safety
operations across its platforms. With thousands of specialists deployed worldwide, Wipro will continue to refine and train AI and machine learning models to align with the client's content policies. This large deal win reinforces Wipro's
ability to deliver scalable, high-impact services that enhance user safety, strengthen platform integrity, and deliver responsible digital experiences for the client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Wipro has renewed and expanded its decade-long strategic partnership with a US-based national health insurance organization. Through the multi-year engagement, Wipro will continue to provide comprehensive member enrollment and management services, ensuring that senior citizens and
children can seamlessly enroll and access healthcare benefits. Wipro leverages its proprietary PayerAI solution, part of Wipro Intelligence<sup>TM</sup>, to offer a scalable, AI-infused SaaS platform that features intelligent automation, agentic AI capabilities, and highly configurable workflows. This engagement will significantly boost productivity, enhance operational agility,
and unlock cost efficiencies for the client.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. A prominent North American household furnishings manufacturer has selected Wipro to modernize its technology
landscape and accelerate innovation across its enterprise applications. This multi-year engagement focuses on driving automation and embedding AI at scale. The Wipro team will leverage AI accelerators to deliver predictive insights, automate
workflows, and enhance user experience. Additionally, Wipro will help set up a Center of Excellence to fast-track AI adoption and unlock new business value. These initiatives will also enable the client to modernize legacy systems and improve
business agility to drive operational excellence and support future growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. A leading UK-based facilities management company has extended its
long-standing relationship with Wipro and signed a multi-year agreement to accelerate enterprise-wide transformation. The engagement will deploy Wipro Intelligence<sup>™</sup>, Wipro's unified
suite of AI-powered platforms, solutions, and transformative offerings, to drive automation, predictive analytics, and conversational AI to modernise core functions, improving speed, accuracy, and resilience.
Automated patching and intelligent monitoring will strengthen infrastructure reliability, while workflow and change management programs will reduce manual effort and enhance client experience. These initiatives are expected to deliver significant
cost savings, boost operational efficiency, and strengthen client's position as a technology-led facility transformation in the industry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. One of the world's largest food and beverage goods companies, headquartered in Europe, has selected Wipro
to accelerate the transformation of its global Digital Workplace and enterprise support ecosystem. Wipro secured a significant multi-year engagement to modernize and support the organisation's global workforce systems and enhance employee
productivity. This initiative, one of the client's most expansive workplace transformation programs, will leverage Wipro Intelligence<sup>™</sup>–a unified suite of AI-powered platforms, solutions and transformative offerings–as well as real time voice translation capabilities to elevate the employee experience at scale.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. A major European insurance provider has engaged Wipro in a multi-year strategic program to reimagine its
infrastructure landscape and accelerate its hybrid cloud journey. Wipro will deliver a comprehensive suite of services across data center, networking, security, databases, and storage, while enabling a seamless transition to a future-ready hybrid
cloud model. Leveraging AI for observability, automation, and standardisation, this solution will enhance agility, resilience, and operational efficiency. This initiative will strengthen regional presence and ensure cultural alignment to deliver
faster response times, improved service reliability, and reduced operational risk, enabling the client to accelerate innovation and improve customer experience.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. One of India's top banking and financial services institutions has selected Wipro for a multi-year
engagement to accelerate its digital transformation and strengthen its technology foundation. Wipro will modernize core IT operations, manage critical banking systems, and deliver a secure, cloud-enabled infrastructure to enhance operational
resilience and customer experience. The solution leverages Wipro Intelligence<sup>™</sup> to enable automation, robust cybersecurity, and streamlined enterprise application operations, ensuring
uninterrupted services and scalability. Wipro will also orchestrate advanced solutions for payments, capital markets, retail and wholesale banking, and risk and compliance, alongside developing an automated system for key processes. This
transformation will drive measurable improvements in efficiency, security, and agility, enabling the client to innovate at scale and deliver seamless experiences in an increasingly digital-first environment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. A leading Southeast Asian airline has renewed its longstanding strategic engagement with Wipro to elevate
customer interaction capabilities across multiple touchpoints. Leveraging deep industry expertise and Wipro Intelligence<sup>TM</sup>, the team will support a wide spectrum of customer journeys including
member account services, loyalty programs, reservations, ticketing and redemption, disruption management, and digital channel support for the airline's website and mobile app. This engagement will deliver faster resolutions, improved service
consistency, and superior governance compliance through real-time decision-making, optimised staffing, and enhanced transparency. The renewed collaboration reinforces Wipro's position as a trusted strategic partner, driving intelligent,
scalable, and experience-led customer servicing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. In a strategic AI-led engagement, Wipro was selected by a leading
global communications technology company to transform its finance and accounting operations using advanced agentic AI. The solution supported by Wipro's WEGA orchestration for enterprise-grade governance will introduce smart automation agents
to handle tasks like invoice processing, reconciliations, and reporting across multiple systems. These AI agents will interpret documents, apply financial logic such as accounting rules, validations, and matching criteria, and execute workflow
actions with audit-ready transparency. The engagement will accelerate financial processes, improve accuracy, strengthen compliance, and create a scalable foundation for rapid growth and new capabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. A global telecommunications technology company has selected Wipro to deliver an AI-infused transformation by accelerating its Software Development Lifecycle. Leveraging AI-powered automation agents built on the WEGA platform, the solution simplifies
code analysis, reviews, validations, and routine tasks, driving greater speed, accuracy, and governance. Supported by Wipro's enterprise-grade Agentic AI framework, these intelligent agents will streamline workflows, enforce enterprise
standards, and accelerate delivery cycles. This transformation enhances code quality and compliance while also establishing a scalable architecture enabling rapid onboarding of additional AI agents and seamless expansion.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Wipro has been chosen by a U.S.-based health insurer to modernize and manage operations across its Commercial,
Medicare, and Medicaid businesses. Leveraging its proprietary PayerAI solution, part of Wipro Intelligence<sup>TM</sup>, Wipro will deploy automation and AI-infused capabilities across the client's claims processing, member and provider enrolment, data management, and configuration of core health systems. The AI-driven Provider Roster Management System and Claims
Inventory Management System will streamline complex provider data processes and improve accuracy. Through this engagement, Wipro will deliver measurable improvements in operational efficiency, scalability, and cost optimization, while ensuring
compliance and better service delivery.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Wipro has renewed its multi-year engagement with a leading US-based regional healthcare organization to enhance the client's operational excellence and compliance. Through its proprietary PayerAI solution, part of Wipro Intelligence<sup>TM</sup>, Wipro has implemented
a scalable AI-infused SaaS platform that automates reconciliation of state beneficiary enrollment and payment data with health plan membership and expected payments. This solution ensures accurate payment
alignment, strengthens revenue integrity, supports regulatory compliance, and reduces administrative burden, enabling the client to achieve efficiency at scale.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Wipro was rated as a Leader in Avasant's Generative AI Services 2025 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Wipro was positioned as a Leader in IDC MarketScape: Worldwide Manufacturing Intelligence Transformation
Strategic Consulting 2025 Vendor Assessment (Doc # US52988325 Nov 2025)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Wipro was rated as a Leader in ISG Provider Lens<sup>™</sup> -
AWS Ecosystem Partners 2025 - US & UK (all quadrants)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Wipro was positioned as a Leader in Everest Group's Talent Readiness for Next Generation Data, Analytics,
and AI Services PEAK Matrix<sup>®</sup> Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Wipro was ranked as a Leader in Avasant's SAP S/4HANA Services 2025–2026 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Wipro was positioned as a Horizon 3 – Market Leader in the HFS Horizons: Life Sciences Service Providers,
2025 report

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Wipro was positioned as a Leader in Everest Group's ServiceNow Services PEAK Matrix<sup>®</sup> Assessment 2025

&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 Service Integration and Management Services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Wipro was recognized as a Leader in the 2025 Gartner<sup>®</sup>
Magic Quadrant<sup>™</sup> for Data Center Outsourcing Services

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Wipro was recognized as a Leader in Avasant's Telecom Digital Services 2025 RadarView<sup>™</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Wipro was recognized as a Leader in Everest Group's Banking Operations – Services PEAK Matrix<sup>®</sup> Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Wipro was named as a Leader in the 2025 Gartner<sup>®</sup> Magic
Quadrant<sup>™</sup> for Outsourced Digital Workplace Services

*Source & Disclaimer: \*Gartner, "Magic Quadrant for Service Integration and Management Services", Andrea Lanzavecchia, et al, 29 October 2025. \*Gartner, "Magic Quadrant for Data Center Outsourcing Services", Biswajit Maity, et al, 3 November 2025. \*Gartner, "Magic Quadrant for Outsourced Digital Workplace Services", Karl Rosander, et al, 10 November 2025.* 

*GARTNER and MAGIC QUADRANT are trademarks of Gartner, Inc. and its affiliates. 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 ₹ 2.6 billion ($28.6 million<sup>1</sup>)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. IT Products segment results for the quarter were ₹ 0.23 billion ($2.5 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 12 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 December 31, 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=WIP160125</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 AI-powered technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence<sup>™</sup> unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence<sup>™</sup> suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, 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** |
| Abhishek Jain | 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)

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**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION** 

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

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| | | | |
|:---|:---|:---|:---|
|  | **As at March 31, 2025** | **As at December 31, 2025** | **As at December 31, 2025** |
|  | | | **Convenience translation into U.S. Dollar in<br>millions (unaudited) at the rate of** ₹**89.84** |
|  **ASSETS** | | | |
|  Goodwill | 325014 | 367635 | 4092 |
|  Intangible assets | 27450 | 29494 | 328 |
|  Property, plant and equipment | 80684 | 80540 | 896 |
|  Right-of-Use assets | 25598 | 29247 | 326 |
|  Financial assets |  |  |  |
|  Derivative assets | ^ |  |  |
|  Investments | 26458 | 27933 | 311 |
|  Trade receivables | 299 | 645 | 7 |
|  Other financial assets | 4664 | 6029 | 67 |
|  Investments accounted for using the equity method | 1327 | 1991 | 22 |
|  Deferred tax assets | 2561 | 4452 | 50 |
|  Contract assets |  | 1673 | 19 |
|  Non-current tax assets | 7230 | 7807 | 87 |
|  Other non-current assets | 7460 | 8543 | 95 |
|  **Total non-current assets** | **508745** | **565989** | **6300** |
|  Inventories | 694 | 755 | 8 |
|  Financial assets |  |  |  |
|  Derivative assets | 1820 | 148 | 2 |
|  Investments | 411474 | 455035 | 5065 |
|  Cash and cash equivalents | 121974 | 118914 | 1324 |
|  Trade receivables | 117745 | 135815 | 1511 |
|  Unbilled receivables | 64280 | 70917 | 789 |
|  Other financial assets | 8448 | 9511 | 106 |
|  Contract assets | 15795 | 12663 | 141 |
|  Current tax assets | 6417 | 11215 | 125 |
|  Other current assets | 29128 | 30897 | 344 |
|  **Total current assets** | **777775** | **845870** | **9415** |
|  **TOTAL ASSETS** | **1286520** | **1411859** | **15715** |
|  **EQUITY** |  |  |  |
|  Share capital | 20944 | 20974 | 233 |
|  Share premium | 2628 | 5827 | 65 |
|  Retained earnings | 716477 | 760420 | 8464 |
|  Share-based payment reserve | 6985 | 6851 | 76 |
|  Special Economic Zone Re-investment reserve | 27778 | 28437 | 317 |
|  Other components of equity | 53497 | 74271 | 827 |
|  **Equity attributable to the equity holders of the Company** | **828309** | **896780** | **9982** |
|  Non-controlling interests | 2138 | 2174 | 24 |
|  **TOTAL EQUITY** | **830447** | **898954** | **10006** |
|  **LIABILITIES** |  |  |  |
|  Financial liabilities |  |  |  |
|  Loans and borrowings | 63954 | 1860 | 21 |
|  Lease liabilities | 22193 | 26434 | 294 |
|  Derivative liabilities |  | 520 | 6 |
|  Other financial liabilities | 7793 | 7222 | 80 |
|  Deferred tax liabilities | 16443 | 17851 | 199 |
|  Non-current tax liabilities | 42024 | 45284 | 504 |
|  Other non-current liabilities | 17119 | 26367 | 294 |
|  Provisions | 294 | 158 | 2 |
|  **Total non-current liabilities** | **169820** | **125696** | **1400** |
|  Financial liabilities |  |  |  |
|  Loans, borrowings and bank overdrafts | 97863 | 161201 | 1794 |
|  Lease liabilities | 8025 | 8551 | 95 |
|  Derivative liabilities | 968 | 4725 | 53 |
|  Trade payables and accrued expenses | 88252 | 98942 | 1100 |
|  Other financial liabilities | 3878 | 5684 | 63 |
|  Contract liabilities | 20063 | 25912 | 289 |
|  Current tax liabilities | 34481 | 45925 | 511 |
|  Other current liabilities | 31086 | 34394 | 383 |
|  Provisions | 1637 | 1875 | 21 |
|  **Total current liabilities** | **286253** | **387209** | **4309** |
|  **TOTAL LIABILITIES** | **456073** | **512905** | **5709** |
|  **TOTAL EQUITY AND LIABILITIES** | **1286520** | **1411859** | **15715** |

---

^ 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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2025** | **2025** | **2024** | **2025** | **2025** |
|  |  |  | **Convenience<br>translation into<br>U.S. Dollar in<br>millions<br>(unaudited) at the<br>rate of** ₹**89.84** |  |  | **Convenience<br>translation into<br>U.S. Dollar in<br>millions<br>(unaudited) at the<br>rate of** ₹**89.84** |
|  Revenues | 223188 | 235558 | 2622 | 665842 | 683877 | 7612 |
|  Cost of revenues | (153922) | (167199) | (1861) | (462277) | (484278) | (5390) |
|  **Gross profit** | **69266** | **68359** | **761** | **203565** | **199599** | **2222** |
|  Selling and marketing expenses | (16081) | (15008) | (167) | (49313) | (45213) | (503) |
|  General and administrative expenses | (14629) | (18404) | (205) | (41876) | (46626) | (519) |
|  Foreign exchange gains/(losses), net | 410 | 788 | 9 | (192) | 1528 | 17 |
|  **Results from operating activities** | **38966** | **35735** | **398** | **112184** | **109288** | **1217** |
|  Finance expenses | (4146) | (3656) | (41) | (11003) | (10876) | (121) |
|  Finance and other income | 9708 | 9232 | 103 | 26383 | 28104 | 313 |
|  Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 5 | 28 |  | (37) | 230 | 2 |
|  **Profit before tax** | **44533** | **41339** | **460** | **127527** | **126746** | **1411** |
|  Income tax expense | (10866) | (9889) | (110) | (31228) | (29307) | (326) |
|  **Profit for the period** | **33667** | **31450** | **350** | **96299** | **97439** | **1085** |
|  **Profit attributable to:** |  |  |  |  |  |  |
|  Equity holders of the Company | 33538 | 31190 | 347 | 95658 | 96956 | 1080 |
|  Non-controlling interests | 129 | 260 | 3 | 641 | 483 | 5 |
|  **Profit for the period** | **33667** | **31450** | **350** | **96299** | **97439** | **1085** |
|  **Earnings per equity share: <br>Attributable to equity holders of the Company** |  |  |  |  |  |  |
|  Basic | 3.21 | 2.98 | 0.03 | 9.15 | 9.26 | 0.10 |
|  Diluted | 3.20 | 2.97 | 0.03 | 9.13 | 9.23 | 0.10 |
|  **Weighted average number of equity shares used in computing earnings per equity share** |  |  |  |  |  |  |
|  Basic | 10457414881 | 10477008222 | 10477008222 | 10454728795 | 10475167174 | 10475167174 |
|  Diluted | 10482964010 | 10498247011 | 10498247011 | 10481436710 | 10499925047 | 10499925047 |

---

------

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Particulars** | **Three months ended** | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** | **Year<br>ended** |
| **Particulars** | **December 31,<br>2025** | **September 30,<br>2025** | **December 31,<br>2024** | **December 31,<br>2025** | **December 31,<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 | 77809 | 74821 | 72010 | 225727 | 208103 | 281824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 67708 | 67011 | 68120 | 201789 | 203390 | 271972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 62405 | 59531 | 59282 | 178753 | 181525 | 240077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 25859 | 25042 | 23439 | 74717 | 70753 | 94351 |
|  **Total of IT Services** | **233781** | **226405** | **222851** | **680986** | **663771** | **888224** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Products | 2565 | 1126 | 747 | 4419 | 1879 | 2692 |
|  **Total segment revenue** | **236346** | **227531** | **223598** | **685405** | **665650** | **890916** |
|  **Segment result** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 16409 | 15435 | 14966 | 46838 | 41991 | 58186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 14450 | 13122 | 15275 | 40957 | 45813 | 61326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 8003 | 6962 | 7600 | 20991 | 21294 | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 3583 | 3308 | 3667 | 9870 | 9178 | 12850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unallocated | (1259) | (1018) | (2518) | (1527) | (5907) | (10157) |
|  **Total of IT Services** | **41186** | **37809** | **38990** | **117129** | **112369** | **151639** |
|  IT Products | 227 | 101 | 29 | 348 | (201) | (173) |
|  Reconciling Items | (5678) | (81) | (53) | (8189) | 16 | (195) |
|  **Total segment result** | **35735** | **37829** | **38966** | **109288** | **112184** | **151271** |
|  Finance expenses | (3656) | (3612) | (4146) | (10876) | (11003) | (14770) |
|  Finance and other income | 9232 | 8455 | 9708 | 28104 | 26383 | 38202 |
|  Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 28 | 152 | 5 | 230 | (37) | 254 |
|  **Profit before tax** | **41339** | **42824** | **44533** | **126746** | **127527** | **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)** 

---

| | |
|:---|:---|
| **Three Months ended December 31, 2025** | **Three Months ended December 31, 2025** |
|  IT Services Revenue as per IFRS | $2635.4 |
|  Effect of Foreign currency exchange movement | $6.4 |
|  **Non-GAAP Constant Currency IT Services Revenue <br>based on previous quarter exchange rates** | $**2641.8** |

---

---

| | |
|:---|:---|
| **Three Months ended December 31, 2025** | **Three Months ended December 31, 2025** |
|  IT Services Revenue as per IFRS | $2635.4 |
|  Effect of Foreign currency exchange movement | 39.1) |
|  **Non-GAAP Constant Currency IT Services Revenue <br>based on exchange rates of comparable period in previous year** | $**2596.3** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.**  **<u>Reconciliation of Free Cash Flow for three months and nine months ended December</u> <u>31, 2025</u>** 

---

| | | |
|:---|:---|:---|
|  | *Amounts In INR Mn* | *Amounts In INR Mn* |
|  | **Three months ended<br>Dec 31, 2025** | **Nine months ended<br>Dec 31, 2025** |
|  **Profit for the period [A]** | 31450 | 97439 |
|  **Computation of Free Cash Flow** |  |  |
|  Net cash generated from operating activities [B] | 42594 | 117585 |
|  *<u>Add/ (deduct) cash inflow/ (outflow)on:</u>* |  |  |
|  Purchase of property, plant and equipment | (4668) | (10782) |
|  Proceeds from sale of property, plant and equipment | 79 | 757 |
|  **Free Cash Flow [C]** | 38005 | 107560 |
|  **Operating Cash Flow as percentage of Net Income [B/A]** | 135.4% | 120.7% |
|  **Free Cash Flow as percentage of Net Income [C/A]** | 120.8% | 110.4% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Reconciliation for Adjusted Net Income and Adjusted EPS</u>** 

---

| | | |
|:---|:---|:---|
|  | *Amounts in INR Mn* | *Amounts in INR Mn* |
| **Particulars** | **Three months ended<br>Dec 31, 2025** | **Nine months ended<br>Dec 31, 2025** |
|  **Net Income [A]** | **31190** | **96956** |
|  **Add:** Impact on gratuity expenses due to implementation of new labour code [B] | 3028 | 3028 |
|  **Less[C]:** Tax on [B] | (590) | (590) |
|  **Adjusted Net Income [D]: [A+B+C]** | **33628** | **99394** |
|  **Adjusted EPS Basic (**₹**)** | **3.21** | **9.49** |

---

**\*\*\*\*\*\*\*\*\*\*\***

## Exhibit 99.2

**Exhibit 99.2**![LOGO](g848143g10g10.jpg)

EXTRACT OF AUDITED FINANCIAL RESULTS OF WI PRO LIMITED AND ITS SUBSIDIARIES FOR THE QUARTER ENDED AND NINE MONTHS ENDED DECEMBER 31, 2025 Consolidated Audited Financial Results of Wipro Limited under I FRS (~in millions, except per share data, unless otherwise stated) Particulars Quarter ended Nine months ended Quarter ended December 31, 2025 December 31, 2025 December 31, 2024 Revenue from operations 235,558 683,877 223,188 Profit before tax 41,339 126,746 44,533 Profit after tax 31,450 97,439 33,667 Total comprehensive income for the period 34,981 118,314 33,958 Paid-up equity share capital (Par value of~ 2 per share) 20,974 20,974 20,938 Reserves excluding non-controlling interest1 as shown in the Audited Statement of Financial Position 807,365 807,365 739,433 Earnings per equity share (Par value of~ 2 per share) (EPS for quarter ended and nine months ended periods are not annualized) Basic: (in~) 2.98 9.26 3.21 Diluted : (in~) 2.97 9.23 3.20 1 Balance for the quarter ended December 31, 2025 and nine months ended December 31, 2025 represent balances as per the audited consolidated statement of financial position for the year ended March 31 , 2025 and balance for the quarter ended December 31 , 2024 represent balances as per the audited consolidated statement of financial position for the year ended March 31, 2024, as required by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited consolidated financial results of the Company for the quarter ended and nine months ended December 31, 2025 have been approved by the Board of Directors of the Company at its meeting held on January 16, 2026. The statutory auditors have expressed an unmodified audit opinion. Financial Results ofWipro Limited under lnd AS The financial results are prepared in accordance with Indian Accounting Standards ("lnd AS"), the provisions of the Companies Act, 2013 ("the Companies Act"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEBI"). The lnd AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendment rules issued thereafter. Consolidated Audited Financial Results ofWipro Limited under lnd AS (~in millions, except per share data, unless otherwise stated) Particulars Quarter ended Nine months ended Quarter ended December 31, 2025 December 31, 2025 December 31, 2024 Revenue from operations 235,558 683,877 223,188 Profit before tax 41,339 126,746 44,533 Profit after tax 31,450 97,439 33,667 Total comprehensive income for the period 34,921 118,069 33,858 Paid-up equity share capital (Par value of~ 2 per share) 20,974 20,974 20,938 Reserves excluding non-controlling interest1 as shown in the Audited Balance Sheet 802,697 802,697 734,880 Earnings per equity share (Par value of~ 2 per share) (EPS for quarter ended and nine months ended periods are not annualized) Basic: (in~) 2.98 9.26 3.21 Diluted : (in~) 2.97 9.23 3.20 1 Balance for the quarter ended December 31, 2025 and nine months ended December 31 , 2025 represent balances as per the audited consolidated balance sheet for the year ended March 31 , 2025 and balance for the quarter ended December 31 , 2024 represent balances as per the audited consolidated balance sheet for the year ended March 31 , 2024, as required by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited consolidated financial results (under lnd AS) of the Company for the quarter ended and nine months ended December 31, 2025 have been approved by the Board of Directors of the Company at its meeting held on January 16, 2026. The statutory auditors have expressed an unmodified audit opinion. Standalone Audited Financial Results of Wipro Limited under lnd AS (~in millions, except per share data, unless otherwise stated) Particulars Quarter ended Nine months ended Quarter ended December 31, 2025 December 31, 2025 December 31, 2024 Revenue from operations 180,169 529,823 171,241 Profit before tax 37,947 118,270 34,674 Profit after tax 27,822 90,925 28,408 Total comprehensive income for the period 26,985 87,662 27,181 The audited standalone financial results (under lnd AS) of the Company for the quarter ended and nine months ended December 31 , 2025 have been approved by the Board of Directors of the

## Exhibit 99.3

**Exhibit 99.3** 

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNDER IFRS** 

**AS AT AND FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 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<br>March 31,<br>2025** | **As at December 31, 2025** | **As at December 31, 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 | 367635 | 4092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 6 | 27450 | 29494 | 328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 4 | 80684 | 80540 | 896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right-of-Use assets | 5 | 25598 | 29247 | 326 |
| &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 | 18 | ^ |  |  |
| &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 | 8 | 26458 | 27933 | 311 |
| &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 | 645 | 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 | 11 | 4664 | 6029 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments accounted for using the equity method |  | 1327 | 1991 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets |  | 2561 | 4452 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  |  | 1673 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax assets |  | 7230 | 7807 | 87 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current assets | 12 | 7460 | 8543 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current assets** |  | **508745** | **565989** | **6300** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inventories | 9 | 694 | 755 | 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 | 18 | 1820 | 148 | 2 |
| &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 | 8 | 411474 | 455035 | 5065 |
| &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 | 10 | 121974 | 118914 | 1324 |
| &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 | 135815 | 1511 |
| &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 | 70917 | 789 |
| &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 | 11 | 8448 | 9511 | 106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract assets |  | 15795 | 12663 | 141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets |  | 6417 | 11215 | 125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current assets | 12 | 29128 | 30897 | 344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current assets** |  | **777775** | **845870** | **9415** |
|  **TOTAL ASSETS** |  | **1286520** | **1411859** | **15715** |
|  **EQUITY** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital |  | 20944 | 20974 | 233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share premium |  | 2628 | 5827 | 65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings |  | 716477 | 760420 | 8464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based payment reserve |  | 6985 | 6851 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special Economic Zone Re-investment reserve |  | 27778 | 28437 | 317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other components of equity |  | 53497 | 74271 | 827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Equity attributable to the equity holders of the Company** |  | **828309** | **896780** | **9982** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests |  | 2138 | 2174 | 24 |
|  **TOTAL EQUITY** |  | **830447** | **898954** | **10006** |
|  **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 | 13 | 63954 | 1860 | 21 |
| &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 | 26434 | 294 |
| &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 | 18 |  | 520 | 6 |
| &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 | 15 | 7793 | 7222 | 80 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities |  | 16443 | 17851 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-current tax liabilities |  | 42024 | 45284 | 504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-current liabilities | 16 | 17119 | 26367 | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 17 | 294 | 158 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-current liabilities** |  | **169820** | **125696** | **1400** |
| &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 | 13 | 97863 | 161201 | 1794 |
| &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 | 8551 | 95 |
| &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 | 18 | 968 | 4725 | 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 | 14 | 88252 | 98942 | 1100 |
| &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 | 15 | 3878 | 5684 | 63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract liabilities |  | 20063 | 25912 | 289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities |  | 34481 | 45925 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other current liabilities | 16 | 31086 | 34394 | 383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 17 | 1637 | 1875 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total current liabilities** |  | **286253** | **387209** | **4309** |
|  **TOTAL LIABILITIES** |  | **456073** | **512905** | **5709** |
|  **TOTAL EQUITY AND LIABILITIES** |  | **1286520** | **1411859** | **15715** |

---

^ 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 |
| January 16, 2026 | January 16, 2026 | January 16, 2026 | January 16, 2026 |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME** 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  |<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 | 21 | 223188 | 235558 | 2622 | 665842 | 683877 | 7612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of revenues | 22 | (153922) | (167199) | (1861) | (462277) | (484278) | (5390) |
|  **Gross profit** |  | **69266** | **68359** | **761** | **203565** | **199599** | **2222** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling and marketing expenses | 22 | (16081) | (15008) | (167) | (49313) | (45213) | (503) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses | 22 | (14629) | (18404) | (205) | (41876) | (46626) | (519) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange gains/(losses), net | 24 | 410 | 788 | 9 | (192) | 1528 | 17 |
|  **Results from operating activities** |  | **38966** | **35735** | **398** | **112184** | **109288** | **1217** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance expenses | 23 | (4146) | (3656) | (41) | (11003) | (10876) | (121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income | 24 | 9708 | 9232 | 103 | 26383 | 28104 | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net profit/ (loss) of associate and joint venture accounted for using the equity method |  | 5 | 28 |  | (37) | 230 | 2 |
|  **Profit before tax** |  | **44533** | **41339** | **460** | **127527** | **126746** | **1411** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 20 | (10866) | (9889) | (110) | (31228) | (29307) | (326) |
|  **Profit for the period** |  | **33667** | **31450** | **350** | **96299** | **97439** | **1085** |
|  **Profit attributable to:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity holders of the Company |  | 33538 | 31190 | 347 | 95658 | 96956 | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests |  | 129 | 260 | 3 | 641 | 483 | 5 |
|  **Profit for the period** |  | **33667** | **31450** | **350** | **96299** | **97439** | **1085** |
|  **Earnings per equity share:** | 25 |  |  |  |  |  |  |
|  **Attributable to equity holders of the Company** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  | 3.21 | 2.98 | 0.03 | 9.15 | 9.26 | 0.10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  | 3.20 | 2.97 | 0.03 | 9.13 | 9.23 | 0.10 |
|  **Weighted average number of equity shares used in computing earnings per equity share** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic |  | 10457414881 | 10477008222 | 10477008222 | 10454728795 | 10475167174 | 10475167174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted |  | 10482964010 | 10498247011 | 10498247011 | 10481436710 | 10499925047 | 10499925047 |

---

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 |  |  |  |
| January 16, 2026 |  |  |  |

---

------

**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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **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** | **33667** | **31450** | **350** | **96299** | **97439** | **1085** |
|  **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 | (231) | (240) | (3) | 150 | (231) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in equity instruments measured at fair value through OCI | (367) | (422) | (5) | (533) | (485) | (5) |
|  | **(598)** | **(662)** | **(8)** | **(383)** | **(716)** | **(8)** |
|  **Items that will be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation differences | 1853 | 5050 | 56 | 5569 | 24988 | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income | 1 |  |  | 14 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in time value of option contracts designated as cash flow hedges, net of taxes | 269 | 139 | 2 | (95) | (77) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes | (171) | 59 | 1 | (189) | (515) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of forward contracts designated as cash flow hedges, net of taxes | (1100) | (560) | (6) | (1555) | (2333) | (26) |
| &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 | 37 | (495) | (6) | 611 | (472) | (5) |
|  | **889** | **4193** | **47** | **4355** | **21591** | **239** |
|  Total other comprehensive income, net of taxes | 291 | 3531 | 39 | 3972 | 20875 | 231 |
|  **Total comprehensive income for the period** | **33958** | **34981** | **389** | **100271** | **118314** | **1316** |
|  **Total comprehensive income attributable to:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity holders of the Company | 33783 | 34695 | 386 | 99590 | 117730 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 175 | 286 | 3 | 681 | 584 | 7 |
|  | **33958** | **34981** | **389** | **100271** | **118314** | **1316** |

---

---

| | |
|:---|:---|
| 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 |  |  |  |
| January 16, 2026 |  |  |  |

---

------

**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 to<br>the equity**<br>**holders of the**<br>**Company** | **Non-<br>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 Re-<br>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 to<br>the equity**<br>**holders of the**<br>**Company** | **Non-<br>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 |  |  |  | 95658 |  |  |  |  |  | **95658** | 641 | **96299** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income |  |  |  |  |  |  | 5534 | (1839) | 237 | **3932** | 40 | **3972** |
|  **Total comprehensive income for the period** | **—** | **—** | **—** | **95658** | **—** | **—** | **5534** | **(1839)** | **237** | **99590** | **681** | **100271** |
|  Issue of equity shares on exercise of options | 10727228 | 21 | 4243 |  | (4243) |  |  |  |  | **21** |  | **21** |
|  Bonus issue of equity shares <sup>(4)</sup>  | 5233369207 | 10467 | (5613) | (3193) |  |  |  |  | (1661) | **—** |  | **—** |
|  Compensation cost related to employee share-based payment |  |  |  |  | 4355 |  |  |  |  | **4355** |  | **4355** |
|  Transferred from Special Economic Zone Re-investment reserve |  |  |  | 10224 |  | (10224) |  |  |  | **—** |  | **—** |
|  Others |  |  |  |  |  |  |  |  |  | **—** | (58) | **(58)** |
|  **Other transactions for the period** | **5244096435** | **10488** | **(1370)** | **7031** | **112** | **(10224)** | **—** | **—** | **(1661)** | **4376** | **(58)** | **4318** |
|  **As at December 31, 2024** | **10469234681** | **20938** | **1921** | **733625** | **6496** | **31905** | **52795** | **(1261)** | **7430** | **853849** | **1963** | **855812** |

---

<sup>(1)</sup> Includes 11,905,480 treasury shares held as at December 31, 2024 by a controlled trust.

<sup>(2)</sup> Refer to Note 19

<sup>(3)</sup> Refer to Note 18

<sup>(4)</sup> Refer to Note 30

------

**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 to<br>the equity<br>holders of the<br>Company** | **Non-<br>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 Re-<br>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 to<br>the equity<br>holders of the<br>Company** | **Non-<br>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 |  |  |  | 96956 |  |  |  |  |  | **96956** | 483 | **97439** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other comprehensive income |  |  |  |  |  |  | 24870 | (2925) | (1171) | **20774** | 101 | **20875** |
|  **Total comprehensive income for the period** | **—** | **—** | **—** | **96956** | **—** | **—** | **24870** | **(2925)** | **(1171)** | **117730** | **584** | **118314** |
|  Issue of equity shares on exercise of options | 14677518 | 30 | 3199 |  | (3199) |  |  |  |  | **30** |  | **30** |
|  Dividend |  |  |  | (52354) |  |  |  |  |  | **(52354)** | (569) | **(52923)** |
|  Compensation cost related to employee share-based payment |  |  |  |  | 3065 |  |  |  |  | **3065** |  | **3065** |
|  Transferred to Special Economic Zone Re-investment reserve |  |  |  | (659) |  | 659 |  |  |  | **—** |  | **—** |
|  Others |  |  |  |  |  |  | (5) | 5 |  | **—** | 21 | **21** |
|  **Other transactions for the period** | **14677518** | **30** | **3199** | **(53013)** | **(134)** | **659** | **(5)** | **5** | **—** | **(49259)** | **(548)** | **(49807)** |
|  **As at December 31, 2025** | **10486813567** | **20974** | **5827** | **760420** | **6851** | **28437** | **79365** | **(3130)** | **(1964)** | **896780** | **2174** | **898954** |
|  **Convenience translation into U.S. Dollar in millions (unaudited) Refer to Note 2(iii)** |  | **233** | **65** | **8464** | **76** | **317** | **884** | **(35)** | **(22)** | **9982** | **24** | **10006** |

---

<sup>(1)</sup> Includes 11,905,480 treasury shares held as at December 31, 2025 by a controlled trust.

<sup>(2)</sup> Refer to Note 19

<sup>(3)</sup> Refer to Note 18

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 |  |  |  |
| January 16, 2026 |  |  |  |

---

------

**WIPRO LIMITED AND SUBSIDIARIES** 

**INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** 

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

---

| | | | |
|:---|:---|:---|:---|
|  | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **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 | 96299 | 97439 | 1085 |
|  **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 | (766) | (563) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation, amortization and impairment expense | 22362 | 21822 | 243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized exchange (gain)/loss, net | 421 | 2212 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share-based compensation expense | 4355 | 3065 | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share of net (profit)/loss of associate and joint venture accounted for using equity method | 37 | (230) | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 31228 | 29307 | 326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance and other income, net of finance expenses | (15380) | (17228) | (192) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in fair value of contingent consideration | (167) | 48 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lifetime expected credit loss/(write-back) | (41) | 2982 | 33 |
|  **Changes in operating assets and liabilities, net of effects from acquisitions** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in trade receivables | 4722 | (14782) | (165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in unbilled receivables and contract assets | 5519 | (2033) | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in Inventories | 183 | (55) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Increase)/Decrease in other financial assets and other assets | 5013 | 2274 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions | (7429) | 8954 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase/(Decrease) in contract liabilities | 3765 | 4373 | 49 |
|  **Cash generated from operating activities before taxes** | **150121** | **137585** | **1531** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes paid, net | (18160) | (20000) | (222) |
|  **Net cash generated from operating activities** | **131961** | **117585** | **1309** |
|  **Cash flows from investing activities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of property, plant and equipment | (7862) | (10782) | (120) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from disposal of property, plant and equipment | 1516 | 757 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in associate |  | (348) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for purchase of investments | (596107) | (609225) | (6781) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from sale of investments | 472190 | 571147 | 6358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for business acquisitions, net of cash acquired | (891) | (26033) | (290) |
| &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 | 19810 | 21032 | 234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend received | 1 | 2 | ^ |
|  **Net cash generated from/(used in) investing activities** | **(111643)** | **(53450)** | **(595)** |
|  **Cash flows from financing activities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from issuance of equity shares and shares pending allotment | 21 | 30 | ^ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment of loans and borrowings | (112419) | (203092) | (2261) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from loans and borrowings | 135088 | 197182 | 2195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of lease liabilities | (7543) | (8564) | (95) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment for contingent consideration |  | (319) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of deferred consideration on business combination |  | (218) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest and finance expenses paid | (6713) | (4666) | (52) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment of dividend |  | (52354) | (583) |
| &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** | **8434** | **(72570)** | **(808)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in cash and cash equivalents during the period | 28752 | (8435) | (94) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of exchange rate changes on cash and cash equivalents | 26 | 5375 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents at the beginning of the period | 96951 | 121974 | 1358 |
|  **Cash and cash equivalents at the end of the period (Refer to Note 10)** | **125729** | **118914** | **1324** |

---

^ 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 |  |  |  |
| January 16, 2026 |  |  |  |

---

------

**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 January 16, 2026.

**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 nine months ended December 31, 2025, have been translated into United States Dollars at the certified foreign exchange rate of U.S.$1 = ₹ 89.84 as published by Federal Reserve Board of Governors on December 31, 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.

------

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.

------

**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** 

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **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 |  | 4 |  | 2342 |  | 4493 |  | 728 |  | 580 |  | 6 |  | 8153 |
|  Additions through Business combinations |  |  |  |  |  | 9 |  |  |  |  |  |  |  | 9 |
|  Disposals |  |  |  | (464) |  | (6100) |  | (735) |  | (236) |  | (1) |  | (7536) |
|  Translation adjustment |  | (2) |  | (48) |  | (207) |  | (25) |  | (15) |  | (1) |  | (298) |
|  **As at December 31, 2024** | ₹ | **4377** | ₹ | **48854** | ₹ | **100708** | ₹ | **18201** | ₹ | **7843** | ₹ | **38** | ₹ | **180021** |
|  **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ |  | ₹ | 11775 | ₹ | 75549 | ₹ | 12287 | ₹ | 5932 | ₹ | 22 | ₹ | 105565 |
|  Depreciation and impairment |  |  |  | 1211 |  | 8325 |  | 1616 |  | 455 |  | 3 |  | 11610 |
|  Disposals |  |  |  | (217) |  | (5877) |  | (603) |  | (210) |  | (1) |  | (6908) |
|  Translation adjustment |  |  |  | (50) |  | (188) |  | (17) |  | (15) |  | (1) |  | (271) |
|  **As at December 31, 2024** | ₹ | **—** | ₹ | **12719** | ₹ | **77809** | ₹ | **13283** | ₹ | **6162** | ₹ | **23** | ₹ | **109996** |
|  **Net carrying value as at December 31, 2024** | ₹ | **4377** | ₹ | **36135** | ₹ | **22899** | ₹ | **4918** | ₹ | **1681** | ₹ | **15** | ₹ | **70025** |
|  Capital work-in-progress |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 7735 |
|  **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** | **Net carrying value including Capital work-in-progress as at December 31, 2024** |  |  |  |  |  |  | ₹ | **77760** |
|  **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** |  |  |  |  |  |  | ₹ | **80684** |
|  **Gross carrying value:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 4373 | ₹ | 52556 | ₹ | 99554 | ₹ | 19576 | ₹ | 7663 | ₹ | 34 | ₹ | 183756 |
|  Additions |  |  |  | 696 |  | 5904 |  | 1592 |  | 556 |  | 2 |  | 8750 |
|  Additions through Business combination (Refer to Note 7) |  |  |  | 131 |  | 109 |  | 22 |  | 99 |  | 1 |  | 362 |
|  Disposals |  |  |  | (507) |  | (5105) |  | (671) |  | (64) |  | (1) |  | (6348) |
|  Translation adjustment |  | 25 |  | 300 |  | 2130 |  | 166 |  | 100 |  | 1 |  | 2722 |
|  **As at December 31, 2025** | ₹ | **4398** | ₹ | **53176** | ₹ | **102592** | ₹ | **20685** | ₹ | **8354** | ₹ | **37** | ₹ | **189242** |

---

------

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** | **Accumulated depreciation/ impairment:** |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ |  | ₹ | 12997 | ₹ | 73459 | ₹ | 12989 | 5821 | 17 | 105283 |
|  Depreciation and impairment |  |  |  | 1377 |  | 7273 |  | 1814 | 504 | 4 | 10972 |
|  Disposals |  |  |  | (385) |  | (5018) |  | (505) | (47) | (1) | (5956) |
|  Translation adjustment |  |  |  | 148 |  | 1815 |  | 121 | 81 | 1 | 2166 |
|  **As at December 31, 2025** | ₹ | **—** | ₹ | **14137** | ₹ | **77529** | ₹ | **14419** | **6359** | **21** | **112465** |
|  **Net carrying value as at December 31, 2025** | ₹ | **4398** | ₹ | **39039** | ₹ | **25063** | ₹ | **6266** | **1995** | **16** | **76777** |
|  Capital work-in-progress <sup>(2)</sup>  |  |  |  |  |  |  |  |  |  |  | 3763 |
|  **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** | **Net carrying value including Capital work-in-progress as at December 31, 2025** |  |  | **80540** |

---

<sup>(1)</sup> Including net carrying value of computer equipment and software amounting to ₹ 13,587, ₹ 16,003 and ₹ 15,524, as at December 31, 2024, March 31, 2025 and December 31, 2025, respectively. 

<sup>(2)</sup> Including capital advance of ₹ 15 and Capital work-in-progress of ₹ 6 on account of additions through business combination. (Refer to Note 7)

**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 |  |  |  | 8954 |  | 33 |  | 165 |  | 9152 |
|  Disposals |  | (221) |  | (3687) |  | (2) |  | (153) |  | (4063) |
|  Translation adjustment |  |  |  | (53) |  | 31 |  | (9) |  | (31) |
|  **As at December 31, 2024** | ₹ | **1122** | ₹ | **33667** | ₹ | **2304** | ₹ | **852** | ₹ | **37945** |
|  **Accumulated depreciation:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 98 | ₹ | 13237 | ₹ | 1086 | ₹ | 511 | ₹ | 14932 |
|  Depreciation |  | 16 |  | 3987 |  | 338 |  | 133 |  | 4474 |
|  Disposals |  | (14) |  | (3140) |  | (2) |  | (148) |  | (3304) |
|  Translation adjustment |  |  |  | (46) |  | 8 |  | (5) |  | (43) |
|  **As at December 31, 2024** | ₹ | **100** | ₹ | **14038** | ₹ | **1430** | ₹ | **491** | ₹ | **16059** |
|  **Net carrying value as at December 31, 2024** | ₹ | **1022** | ₹ | **19629** | ₹ | **874** | ₹ | **361** | ₹ | **21886** |
|  **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 |  |  |  | 7215 |  |  |  | 188 |  | 7403 |
|  Additions through Business combination (Refer to Note 7) |  |  |  | 1062 |  |  |  |  |  | 1062 |
|  Disposals |  |  |  | (3639) |  | (2) |  | (134) |  | (3775) |
|  Translation adjustment |  |  |  | 1284 |  | 366 |  | 108 |  | 1758 |
|  **As at December 31, 2025** | ₹ | **1122** | ₹ | **40960** | ₹ | **5809** | ₹ | **902** | ₹ | **48793** |
|  **Accumulated depreciation:** |  |  |  |  |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 106 | ₹ | 14904 | ₹ | 1356 | ₹ | 381 | ₹ | 16747 |
|  Depreciation |  | 14 |  | 4067 |  | 660 |  | 162 |  | 4903 |
|  Disposals |  |  |  | (2881) |  | (2) |  | (108) |  | (2991) |
|  Translation adjustment |  |  |  | 662 |  | 168 |  | 57 |  | 887 |
|  **As at December 31, 2025** | ₹ | **120** | ₹ | **16752** | ₹ | **2182** | ₹ | **492** | ₹ | **19546** |
|  **Net carrying value as at December 31, 2025** | ₹ | **1002** | ₹ | **24208** | ₹ | **3627** | ₹ | **410** | ₹ | **29247** |

---

------

**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** | **December 31, 2025** | **December 31, 2025** |
|  **Balance at the beginning of the period** | ₹ | 316002 | ₹ | 325014 |
|  Translation adjustment |  | 7688 |  | 18577 |
|  Acquisition through Business combinations (Refer to Note 7) |  | 1324 |  | 24044 |
|  **Balance at the end of the period** | ₹ | **325014** | ₹ | **367635** |

---

The movement in intangible assets is given below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** | **Intangible assets** |
|  | **Customer-<br>related** | **Customer-<br>related** | **Marketing-<br>related** | **Marketing-<br>related** | **Total** | **Total** |
|  **Gross carrying value:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 43672 | ₹ | 11972 | ₹ | 55644 |
|  Acquisition through Business combinations |  | 1896 |  |  |  | 1896 |
|  Deductions/adjustments |  | (4091) |  | (2503) |  | (6594) |
|  Translation adjustment |  | 1052 |  | 270 |  | 1322 |
|  **As at December 31, 2024** | ₹ | **42529** | ₹ | **9739** | ₹ | **52268** |
|  **Accumulated amortization/ impairment:** |  |  |  |  |  |  |
|  **As at April 1, 2024** | ₹ | 18281 | ₹ | 4615 | ₹ | 22896 |
|  Amortization and impairment <sup>(1)</sup>  |  | 4959 |  | 1319 |  | 6278 |
|  Deductions/adjustments |  | (4091) |  | (2503) |  | (6594) |
|  Translation adjustment |  | 484 |  | 103 |  | 587 |
|  **As at December 31, 2024** | ₹ | **19633** | ₹ | **3534** | ₹ | **23167** |
|  **Net carrying value as at December 31, 2024** | ₹ | **22896** | ₹ | **6205** | ₹ | **29101** |
|  **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 |
|  Acquisition through Business combination (Refer to Note 7) |  | 5644 |  | 1109 |  | 6753 |
|  Deductions/adjustments |  | (4370) |  |  |  | (4370) |
|  Translation adjustment |  | 1968 |  | 506 |  | 2474 |
|  **As at December 31, 2025** | ₹ | **45703** | ₹ | **11337** | ₹ | **57040** |
|  **Accumulated amortization/ impairment:** |  |  |  |  |  |  |
|  **As at April 1, 2025** | ₹ | 20950 | ₹ | 3783 | ₹ | 24733 |
|  Amortization and impairment <sup>(1)</sup>  |  | 5121 |  | 826 |  | 5947 |
|  Deductions/adjustments |  | (4370) |  |  |  | (4370) |
|  Translation adjustment |  | 1017 |  | 219 |  | 1236 |
|  **As at December 31, 2025** | ₹ | **22718** | ₹ | **4828** | ₹ | **27546** |
|  **Net carrying value as at December 31, 2025** | ₹ | **22985** | ₹ | **6509** | ₹ | **29494** |

---

<sup>(1)</sup> During the nine months ended December 31, 2024, year ended March 31, 2025 and nine months ended December 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 ₹ 1,149 for the nine months ended December 31, 2024, ₹ 1,155 for the year ended March 31, 2025, and ₹ 841 for the nine months ended December 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. Business combinations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) During the nine months ended December 31, 2025, the Company has completed a business combination by
acquiring 100% equity interest in 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. The
acquisition was consummated on December 1, 2025, for total cash consideration of ₹ 34,044.

---

| | | |
|:---|:---|:---|
| **Description** | **Harman** | **Harman** |
|  Net assets | ₹ | 3724 |
|  Fair value of property, plant and equipment |  | 383 |
|  Fair value of right-of-use assets |  | 1062 |
|  Fair value of customer-related intangibles |  | 5644 |
|  Fair value of marketing-related intangibles |  | 1109 |
|  Deferred tax liabilities on intangible assets |  | (1915) |
|  **Total identifiable assets** | ₹ | **10007** |
|  Goodwill |  | 24037 |
|  **Total purchase price** | ₹ | **34044** |
|  **Net Assets include:** |  |  |
|  Cash and cash equivalents | ₹ | 8011 |
|  Fair value of acquired trade receivables included in net assets |  | 2941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross contractual amount of acquired trade receivables |  | 3225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Allowance for lifetime expected credit loss |  | (284) |
|  Transaction costs included in general and administrative expenses | ₹ | 230 |

---

The above purchase price allocation for Harman is provisional and will be finalized as soon as practicable within the measurement period, but in no event later than one year following the date of acquisition.

The goodwill of ₹ 24,037 comprises value of acquired workforce and expected synergies arising from the business combinations. Goodwill is allocated to IT Services segment and is not deductible for income tax purposes.

The pro-forma effects of acquisition of Harman for the three and nine months ended December 31, 2025, on the Company's results were not material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The Applied Value Technologies, Inc., Applied Value Technologies B.V. and Applied Value Technologies Pte
Limited ("AVT") was consummated on December 16, 2024. During the nine months ended December 31, 2025, the Company finalized purchase price allocation, with no material impact on goodwill.

**8. Investments** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
|  **Financial instruments at FVTPL** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity instruments <sup>(1)</sup>  | ₹ | 4955 | ₹ | 6549 |
| &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 |  | 12955 |
|  **Financial instruments at amortized cost** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits <sup>(3)</sup>  |  | 7807 |  | 8429 |
|  | ₹ | **26458** | ₹ | **27933** |
|  **Current** |  |  |  |  |
|  **Financial instruments at FVTPL** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds <sup>(2)</sup>  | ₹ | 88776 | ₹ | 133737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 300 |  | 1265 |
|  **Financial instruments at FVTOCI** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures |  | 219389 |  | 201857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government securities |  | 10651 |  | 10113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial papers |  | 2858 |  | 1497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds |  | 21138 |  | 14521 |
|  **Financial instruments at amortized cost** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits <sup>(3)</sup>  |  | 68362 |  | 92045 |
|  | ₹ | **411474** | ₹ | **455035** |
|  **Total** | ₹ | **437932** | ₹ | **482968** |
|  Financial instruments at FVTPL | ₹ | 95234 | ₹ | 141551 |
|  Financial instruments at FVTOCI |  | 266529 |  | 240943 |
|  Financial instruments at amortized cost |  | 76169 |  | 100474 |

---

<sup>(1)</sup> Uncalled capital commitments outstanding as at March 31, 2025 and December 31, 2025, was ₹ 1,576 and ₹ 1,894, respectively.

<sup>(2)</sup> As at March 31, 2025 and December 31, 2025, short-term mutual funds include units lien with bank on account of margin money for currency derivatives amounting to ₹ 233 and ₹ 242, respectively. 

<sup>(3)</sup> These deposits earn a fixed rate of interest. As at March 31, 2025 and December 31, 2025, term deposits include deposits in lien with banks, held as margin money deposits against guarantees amounting to ₹ 953 and ₹ 946, respectively. 

------

**9. Inventories** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  Stores and spare parts | ₹ | 9 | ₹ | 4 |
|  Traded goods |  | 685 |  | 751 |
|  | ₹ | 694 | ₹ | 755 |

---

**10. Cash and cash equivalents** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  Cash and bank balances | ₹ | 74456 | ₹ | 91308 |
|  Demand deposits with banks <sup>(1)</sup>  |  | 47518 |  | 27606 |
|  | ₹ | **121974** | ₹ | **118914** |

---

<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** |
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2025** | **December 31, 2025** |
|  Cash and cash equivalents | ₹ | 125744 | ₹ | 118914 |
|  Bank overdrafts |  | (15) |  |  |
|  | ₹ | **125729** | ₹ | **118914** |

---

**11. Other financial assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance lease receivables | ₹ | 3090 | ₹ | 3601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Security deposits |  | 1318 |  | 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to customers |  | 225 |  | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 30 |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 1 |  | 3 |
|  | ₹ | **4664** | ₹ | **6029** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finance lease receivables | ₹ | 5144 | ₹ | 4121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Security deposits |  | 1827 |  | 2113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivables |  | 596 |  | 1312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Claims receivables |  | 195 |  | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 505 |  | 445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to customers |  | 70 |  | 567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 111 |  | 308 |
|  | ₹ | **8448** | ₹ | **9511** |
|  | ₹ | **13112** | ₹ | **15540** |

---

------

**12. Other assets** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | ₹ | 2657 | ₹ | 3858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable from statutory authorities |  | 1148 |  | 988 |
| &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 |  | 2884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to fulfil contracts <sup>(2)</sup>  |  | 378 |  | 813 |
|  | ₹ | **7460** | ₹ | **8543** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | ₹ | 16917 | ₹ | 17055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balance with GST and other authorities |  | 6760 |  | 7433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to suppliers |  | 2323 |  | 2324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Withholding taxes |  | 542 |  | 766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dues from officers and employees |  | 453 |  | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Defined benefit plan asset, net |  | 472 |  | 195 |
| &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 |  | 2380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costs to fulfil contracts <sup>(2)</sup>  |  | 131 |  | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables |  | 123 |  | 193 |
|  | ₹ | **29128** | ₹ | **30897** |
|  | ₹ | **36588** | ₹ | **39440** |

---

<sup>(1)</sup> Costs to obtain contracts amortization of ₹ 322 and ₹ 576 during the three months ended December 31, 2024 and 2025 respectively, ₹ 977 and ₹ 1,852 during the nine months ended December 31, 2024 and 2025 respectively.

<sup>(2)</sup> Costs to fulfil contracts amortization of ₹ 22 and ₹ 35 during the three months ended December 31, 2024 and 2025 respectively, ₹ 52 and ₹ 117 during the nine months ended December 31, 2024 and 2025 respectively.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsecured Notes 2026 <sup>(1)</sup>  | ₹ | 63954 | ₹ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans from institutions other than banks |  |  |  | 1860 |
|  | ₹ | **63954** | ₹ | **1860** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unsecured Notes 2026 <sup>(1)</sup>  | ₹ |  | ₹ | 67347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from banks |  | 97863 |  | 93854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank overdrafts |  | ^ |  |  |
|  | ₹ | **97863** | ₹ | **161201** |
|  | ₹ | **161817** | ₹ | **163061** |
|  ^ 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). 

**14. Trade payables and accrued expenses** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables | ₹ | 21985 | ₹ | 20103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses |  | 66267 |  | 78839 |
|  | ₹ | **88,252** | ₹ | **98,942** |

---

**15. Other financial liabilities** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability on written put options to non-controlling interests (Refer to Note 18) | ₹ | 4945 | ₹ | 2942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent consideration (Refer to Note 18) |  | 1307 |  | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liabilities towards customer contracts |  | 1026 |  | 870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-term incentive payable |  | 387 |  | 230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred consideration for Business combination |  | 61 |  | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability to sellers |  |  |  | 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rent deposit |  | 26 |  | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities |  | 41 |  | 97 |
|  | ₹ | **7793** | ₹ | **7222** |

---

------

---

| | | |
|:---|:---|:---|
|  **Current** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability on written put options to non-controlling interests (Refer to Note 18) |  | 2699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liabilities towards customer contracts | 342 | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital creditors | 1255 | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance from customers | 167 | 248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rent deposit | 475 | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent consideration (Refer to Note 18) | 557 | 332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest accrued on loans and borrowings | 489 | 370 |
| &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 | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 234 | 64 |
|  | **3878** | **5684** |
|  | **11671** | **12906** |

---

**16. Other liabilities** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statutory and other liabilities | ₹ | 12757 | ₹ | 16607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits obligations |  | 4362 |  | 9760 |
|  | ₹ | **17119** | ₹ | **26367** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee benefits obligations | ₹ | 16001 | ₹ | 17264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Statutory and other liabilities |  | 14295 |  | 16439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance from customers |  | 790 |  | 691 |
|  | ₹ | **31086** | ₹ | **34394** |
|  | ₹ | **48205** | ₹ | **60761** |

---

**17. Provisions** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
|  | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Non-current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for onerous contracts | ₹ | 294 | ₹ | 158 |
|  | ₹ | **294** | ₹ | **158** |
|  **Current** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for onerous contracts | ₹ | 1288 | ₹ | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for warranty |  | 207 |  | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | 142 |  | 162 |
|  | ₹ | **1637** | ₹ | **1875** |
|  | ₹ | **1931** | ₹ | **2033** |

---

**18. 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** | **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 10) | ₹ |  | ₹ |  |  | ₹ |  | ₹ | 121974 | ₹ | 121974 |
|  Investments (Refer to Note 8) |  |  |  |  |  |  |  |  |  |  |  |
| &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 11) |  |  |  |  |  |  |  |  | 13112 |  | 13112 |
|  Derivative assets (Refer to Note 18) |  | 1105 |  |  |  |  | 715 |  |  |  | 1820 |
|  | ₹ | **96339** | ₹ | **254036** |  | ₹ | **13208** | ₹ | **393579** | ₹ | **757162** |
|  **Financial Liabilities:** |  |  |  |  |  |  |  |  |  |  |  |
|  Trade payables and other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
|  Trade payables and accrued expenses (Refer to Note 14) | ₹ |  | ₹ |  | ₹ |  |  | ₹ | 88252 | ₹ | 88252 |
|  Other financial liabilities (Refer to Note 15) |  | 1864 |  |  |  |  |  |  | 9807 |  | 11671 |
|  Loans, borrowings and bank overdrafts (Refer to Note 13) |  |  |  |  |  |  |  |  | 161817 |  | 161817 |
|  Lease liabilities |  |  |  |  |  |  |  |  | 30218 |  | 30218 |
|  Derivative liabilities (Refer to Note 18) |  | 75 |  |  |  |  | 893 |  |  |  | 968 |
|  | ₹ | **1939** | ₹ | **-** | ₹ |  | **893** | ₹ | **290094** | ₹ | **292926** |

---

------

The carrying value of financial instruments by categories as at December 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 10) | ₹ |  | ₹ |  | ₹ |  | ₹ | 118914 | ₹ | 118914 |
|  Investments (Refer to Note 8) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Instruments |  | 6549 |  |  |  | 12955 |  |  |  | 19504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | 1265 |  |  |  |  |  |  |  | 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds |  | 133737 |  |  |  |  |  |  |  | 133737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures |  |  |  | 201857 |  |  |  |  |  | 201857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government securities |  |  |  | 10113 |  |  |  |  |  | 10113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial papers |  |  |  | 1497 |  |  |  |  |  | 1497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds |  |  |  | 14521 |  |  |  |  |  | 14521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter corporate and term deposits |  |  |  |  |  |  |  | 100474 |  | 100474 |
|  Other financial assets |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables |  |  |  |  |  |  |  | 136460 |  | 136460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unbilled receivables |  |  |  |  |  |  |  | 70917 |  | 70917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets (Refer to Note 11) |  |  |  |  |  |  |  | 15540 |  | 15540 |
|  Derivative assets (Refer to Note 18) |  | 98 |  |  |  | 50 |  |  |  | 148 |
|  | ₹ | **141649** | ₹ | **227988** | ₹ | **13005** | ₹ | **442305** | ₹ | **824947** |
|  **Financial Liabilities:** |  |  |  |  |  |  |  |  |  |  |
|  Trade payables and other financial liabilities |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables and accrued expenses (Refer to Note 14) | ₹ |  | ₹ |  | ₹ |  | ₹ | 98942 | ₹ | 98942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (Refer to Note 15) |  | 1835 |  |  |  |  |  | 11071 |  | 12906 |
|  Loans, borrowings and bank overdrafts (Refer to Note 13) |  |  |  |  |  |  |  | 163061 |  | 163061 |
|  Lease liabilities |  |  |  |  |  |  |  | 34985 |  | 34985 |
|  Derivative liabilities (Refer to Note 18) |  | 658 |  |  |  | 4587 |  |  |  | 5245 |
|  | ₹ | **2493** | ₹ | **—** | ₹ | **4587** | ₹ | **308059** | ₹ | **315139** |

---

**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 December 31, 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 December 31, 2025 was 4.25%.

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 nine months ended December 31, 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** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 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 | ₹ |  | ₹ | **50** | ₹ |  | ₹ | 50 | ₹ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | **1105** |  |  |  | 1105 |  |  |  | **98** |  |  |  | 98 |  |  |
|  **Investments:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term mutual funds |  | **88776** |  | 88776 |  |  |  |  |  | **133737** |  | 133737 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed maturity plan mutual funds |  | **1503** |  |  |  | 1503 |  |  |  | **1265** |  |  |  | 1265 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity instruments |  | **17448** |  | 57 |  |  |  | 17391 |  | **19504** |  | 42 |  |  |  | 19462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-convertible debentures, government securities, commercial papers and bonds |  | **254036** |  | 10550 |  | 243486 |  |  |  | **227988** |  | 10018 |  | 217970 |  |  |
|  **Liabilities** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  **Derivative instruments:** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash flow hedges | ₹ | **(893)** | ₹ |  | ₹ | (893) | ₹ |  | ₹ | **(4587)** | ₹ |  | ₹ | (4587) | ₹ |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | **(75)** |  |  |  | (75) |  |  |  | **(658)** |  |  |  | (658) |  |  |
|  **Liability on written put options to non-controlling interests** |  | **(4945)** |  |  |  |  |  | (4945) |  | **(5641)** |  |  |  |  |  | (5641) |
|  **Contingent consideration** |  | **(1864)** |  |  |  |  |  | (1864) |  | **(1835)** |  |  |  |  |  | (1835) |

---

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 December 31, 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.

---

| | |
|:---|:---|
| **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 nine months ended December 31, 2025:** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
| **Investment in equity instruments** | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Balance at the beginning of the period** | ₹ | 20126 | ₹ | 17391 |
|  Additions |  | 1925 |  | 1677 |
|  Disposals <sup>(1) (2)</sup>  |  | (1828) |  | (651) |
|  Gain/(loss) recognized in consolidated statement of income |  | 321 |  | 601 |
|  Gain/(loss) recognized in other comprehensive income |  | (3609) |  | (474) |
|  Translation adjustment |  | 456 |  | 918 |
|  **Balance at the end of the period** | ₹ | **17391** | ₹ | **19462** |

---

<sup>(1)</sup> During the year ended March 31, 2025, as a result of an acquistion 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. 

<sup>(2)</sup> During the nine months ended December 31, 2025, as a result of an acquistion by another investors, the Company sold its shares of equity instruments in two companies at a fair value of ₹ 181 and recognized a cumulative gain of ₹ 161 in other comprehensive income and cumulative loss of ₹ 137 in consolidated statement of income. 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As at** | **As at** | **As at** | **As at** |
| **Contingent consideration** | **March 31, 2025** | **March 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  **Balance at the beginning of the period** | ₹ | (429) | ₹ | (1864) |
|  (Addition)/Reversals <sup>(1)</sup>  |  | 169 |  | (48) |
|  Addition through Business combination |  | (1537) |  |  |
|  Payouts |  |  |  | 319 |
|  Finance expense recognized in consolidated statement of income |  | (47) |  | (148) |
|  Translation adjustment |  | (20) |  | (94) |
|  **Balance at the end of the period** | ₹ | **(1864)** | ₹ | **(1835)** |

---

<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** | **December 31, 2025** | **December 31, 2025** |
|  **Balance at the beginning of the period** | ₹ | (4303) | ₹ | (4945) |
|  Finance expense recognized in consolidated statement of income |  | (530) |  | (428) |
|  Translation adjustment |  | (112) |  | (268) |
|  **Balance at the end of the period** | ₹ | **(4945)** | ₹ | **(5641)** |

---

**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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** |
|  | **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 |  | (1958) |  | (6759) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred cancellation gain/(loss), net |  | (102) |  | 6 |
| &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>  |  | (454) |  | 2877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net (gain)/loss on ineffective portion of derivative instruments classified to consolidated statement of income |  | 43 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Translation gain |  |  |  | 7 |
|  **Gain/(loss) on cash flow hedging derivatives, net** | ₹ | **(2471)** | ₹ | **(3869)** |
|  **Balance as at the end of the period** | ₹ | **(1698)** | ₹ | **(4144)** |
|  Deferred tax asset/(liability) thereon |  | 437 |  | 1014 |
|  **Balance as at the end of the period, net of deferred taxes** | ₹ | **(1261)** | ₹ | **(3130)** |

---

<sup>(1)</sup> Includes net (gain)/loss reclassified to revenue of ₹ (346) and ₹ 3,318 for the nine months ended December 31, 2024, and 2025, respectively; net (gain)/loss reclassified to cost of revenues of ₹ (13) and ₹ (389) for the nine months ended December 31, 2024, and 2025, respectively; net (gain)/loss reclassified to finance expenses of ₹ (168) and ₹ (52) for the nine months ended December 31, 2024, and 2025, respectively and net (gain)/loss reclassified to finance and other income of ₹ 73 and ₹ Nil for the nine months ended December 31, 2024, and 2025, respectively. 

The related hedge transactions for balance in cash flow hedging reserves as at December 31, 2025 are expected to occur and be reclassified to the statement of income over a period of 28 months.

As at December 31, 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.

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** | **Nine months ended<br>December 31,** |
|  | **2024** | **2024** | **2025** | **2025** |
|  **Balance at the beginning of the period** | ₹ | 47261 | ₹ | 54500 |
|  Translation difference related to foreign operations, net |  | 5520 |  | 24870 |
|  Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |  | 14 |  |  |
|  Others |  |  |  | (5) |
|  **Balance at the end of the period** | ₹ | **52795** | ₹ | **79365** |

---

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<br>equity instruments<br>measured at fair**<br>**value through OCI** | **Investment in<br>equity 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 |  | 159 |  | 611 |  | (533) |  |  |  |  |
|  Bonus issue of equity shares (Refer to Note 30) |  |  |  |  |  |  |  | (1661) |  |  |
|  **As at December 31, 2024** | ₹ | **(127)** | ₹ | **2008** | ₹ | **9787** | ₹ | **—** | ₹ | **(4238)** |
|  **As at April 1, 2025** | ₹ | **(135)** | ₹ | **2360** | ₹ | **1220** | ₹ | **—** | ₹ | **(4238)** |
|  Other comprehensive income |  | (214) |  | (472) |  | (485) |  |  |  |  |
|  **As at December 31, 2025** | ₹ | **(349)** | ₹ | **1888** | ₹ | **735** | ₹ | **—** | ₹ | **(4238)** |

---

------

**20. Income taxes** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Income tax expense as per the consolidated statement of income | ₹ | 10866 | ₹ | 9889 | ₹ | 31228 | ₹ | 29307 |
|  Income tax included in other comprehensive income on: |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains/(losses) on investment securities |  | (99) |  | (88) |  | 3 |  | (57) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains/(losses) on cash flow hedging derivatives |  | (354) |  | (98) |  | (632) |  | (951) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of the defined benefit plans |  | (94) |  | (77) |  | 75 |  | (89) |
|  | ₹ | **10319** | ₹ | **9626** | ₹ | **30674** | ₹ | **28210** |

---

Income tax expense consists of the following:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Current tax expense | ₹ | 10829 | ₹ | 8279 | ₹ | 32349 | ₹ | 29664 |
|  Deferred tax expense/(reversal) |  | 37 |  | 1610 |  | (1121) |  | (357) |
|  | ₹ | **10866** | ₹ | **9889** | ₹ | **31228** | ₹ | **29307** |

---

Income tax expenses are net of provision recorded/(reversal) of taxes pertaining to earlier periods, amounting to ₹ (815) and ₹ (263) for the three months ended December 31, 2024 and 2025, and ₹ (1,617) and ₹ (3,773) for the nine months ended December 31, 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 nine months ended December 31, 2025. The Company is continuing to assess the impact, if any, of Pillar Two income taxes legislation on future financial performance.

**21. Revenues** 

The tables below present disaggregated revenue from contracts with customers by business segment (Refer to Note 28 "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 December 31, 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 | ₹ | 71894 | ₹ | 67998 | ₹ | 59274 | ₹ | 23275 | ₹ | 222441 | ₹ |  | ₹ | **222441** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 747 |  | **747** |
|  | ₹ | **71894** | ₹ | **67998** | ₹ | **59274** | ₹ | **23275** | ₹ | **222441** | ₹ | **747** | ₹ | **223188** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 305 | ₹ | 43563 | ₹ | 22428 | ₹ | 9556 | ₹ | 75852 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 28476 |  | 59 |  | 3275 |  | 882 |  | 32692 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 26075 |  | 1800 |  | 10670 |  | 3688 |  | 42233 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 16183 |  | 5955 |  | 8277 |  | 3555 |  | 33970 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 855 |  | 16621 |  | 14624 |  | 5594 |  | 37694 |  |  |  |  |
|  | ₹ | **71894** | ₹ | **67998** | ₹ | **59274** | ₹ | **23275** | ₹ | **222441** | ₹ | **747** | ₹ | **223188** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 37063 | ₹ | 34704 | ₹ | 35451 | ₹ | 14174 | ₹ | 121392 | ₹ |  | ₹ | **121392** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 34831 |  | 33294 |  | 23823 |  | 9101 |  | 101049 |  |  |  | **101049** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 747 |  | **747** |
|  | ₹ | **71894** | ₹ | **67998** | ₹ | **59274** | ₹ | **23275** | ₹ | **222441** | ₹ | **747** | ₹ | **223188** |

---

Information on disaggregation of revenues for the three months ended December 31, 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 | ₹ | 77586 | ₹ | 67475 | ₹ | 62183 | ₹ | 25749 | ₹ | 232993 | ₹ |  | ₹ | **232993** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 2565 |  | **2565** |
|  | ₹ | **77586** | ₹ | **67475** | ₹ | **62183** | ₹ | **25749** | ₹ | **232993** | ₹ | **2565** | ₹ | **235558** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 201 | ₹ | 43525 | ₹ | 25047 | ₹ | 11795 | ₹ | 80568 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 30130 |  | 402 |  | 3326 |  | 932 |  | 34790 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 26868 |  | 891 |  | 11160 |  | 3461 |  | 42380 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 18677 |  | 5518 |  | 9421 |  | 3612 |  | 37228 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 1710 |  | 17139 |  | 13229 |  | 5949 |  | 38027 |  |  |  |  |
|  | ₹ | **77586** | ₹ | **67475** | ₹ | **62183** | ₹ | **25749** | ₹ | **232993** | ₹ | **2565** | ₹ | **235558** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 39934 | ₹ | 31519 | ₹ | 37253 | ₹ | 15957 | ₹ | 124663 | ₹ |  | ₹ | **124663** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 37652 |  | 35956 |  | 24930 |  | 9792 |  | 108330 |  |  |  | **108330** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 2565 |  | **2565** |
|  | ₹ | **77586** | ₹ | **67475** | ₹ | **62183** | ₹ | **25749** | ₹ | **232993** | ₹ | **2565** | ₹ | **235558** |

---

------

Information on disaggregation of revenues for the nine months ended December 31, 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 | ₹ | 208158 | ₹ | 203448 | ₹ | 181695 | ₹ | 70662 | ₹ | 663963 | ₹ |  | ₹ | **663963** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 1879 |  | **1879** |
|  | ₹ | **208158** | ₹ | **203448** | ₹ | **181695** | ₹ | **70662** | ₹ | **663963** | ₹ | **1879** | ₹ | **665842** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 976 | ₹ | 128644 | ₹ | 69627 | ₹ | 28391 | ₹ | 227638 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 80014 |  | 107 |  | 10858 |  | 2465 |  | 93444 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 77477 |  | 5580 |  | 32284 |  | 11541 |  | 126882 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 47322 |  | 18515 |  | 24142 |  | 11769 |  | 101748 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 2369 |  | 50602 |  | 44784 |  | 16496 |  | 114251 |  |  |  |  |
|  | ₹ | **208158** | ₹ | **203448** | ₹ | **181695** | ₹ | **70662** | ₹ | **663963** | ₹ | **1879** | ₹ | **665842** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 107892 | ₹ | 103383 | ₹ | 107997 | ₹ | 41723 | ₹ | 360995 | ₹ |  | ₹ | **360995** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and material |  | 100266 |  | 100065 |  | 73698 |  | 28939 |  | 302968 |  |  |  | **302968** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 1879 |  | **1879** |
|  | ₹ | **208158** | ₹ | **203448** | ₹ | **181695** | ₹ | **70662** | ₹ | **663963** | ₹ | **1879** | ₹ | **665842** |

---

Information on disaggregation of revenues for the nine months ended December 31, 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 | ₹ | 225285 | ₹ | 201339 | ₹ | 178324 | ₹ | 74510 | ₹ | 679458 | ₹ |  | ₹ | **679458** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sale of products |  |  |  |  |  |  |  |  |  |  |  | 4419 |  | **4419** |
|  | ₹ | **225285** | ₹ | **201339** | ₹ | **178324** | ₹ | **74510** | ₹ | **679458** | ₹ | **4419** | ₹ | **683877** |
| B. Revenue by sector |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banking, Financial Services and Insurance | ₹ | 667 | ₹ | 128475 | ₹ | 69370 | ₹ | 33657 | ₹ | 232169 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health |  | 86607 |  | 972 |  | 9556 |  | 2595 |  | 99730 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  | 79093 |  | 2933 |  | 32593 |  | 10036 |  | 124655 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Technology and Communications |  | 54351 |  | 16482 |  | 25630 |  | 10037 |  | 106500 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy, Manufacturing and Resources |  | 4567 |  | 52477 |  | 41175 |  | 18185 |  | 116404 |  |  |  |  |
|  | ₹ | **225285** | ₹ | **201339** | ₹ | **178324** | ₹ | **74510** | ₹ | **679458** | ₹ | **4419** | ₹ | **683877** |
| C. Revenue by nature of contract |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fixed price and volume based | ₹ | 113393 | ₹ | 94269 | ₹ | 102550 | ₹ | 45644 | ₹ | 355856 | ₹ |  | ₹ | **355856** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time and materials |  | 111892 |  | 107070 |  | 75774 |  | 28866 |  | 323602 |  |  |  | **323602** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Products |  |  |  |  |  |  |  |  |  |  |  | 4419 |  | **4419** |
|  | ₹ | **225285** | ₹ | **201339** | ₹ | **178324** | ₹ | **74510** | ₹ | **679458** | ₹ | **4419** | ₹ | **683877** |

---

------

**22. Expenses by nature** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Employee compensation <sup>(1)</sup>  | ₹ | 133035 | ₹ | 142009 | ₹ | 400023 | ₹ | 412447 |
|  Sub-contracting and technical fees |  | 25903 |  | 27667 |  | 75252 |  | 79743 |
|  Cost of hardware and software |  | 778 |  | 2461 |  | 2329 |  | 4018 |
|  Travel |  | 3164 |  | 3054 |  | 10937 |  | 10180 |
|  Facility expenses |  | 3884 |  | 4087 |  | 11954 |  | 11804 |
|  Software license expense for internal use |  | 5080 |  | 5701 |  | 14387 |  | 15915 |
|  Depreciation, amortization and impairment <sup>(2)</sup>  |  | 6765 |  | 8050 |  | 22362 |  | 21822 |
|  Communication |  | 871 |  | 831 |  | 2943 |  | 2519 |
|  Legal and professional fees |  | 2842 |  | 2836 |  | 8137 |  | 7538 |
|  Rates, taxes and insurance |  | 1503 |  | 1736 |  | 4114 |  | 4152 |
|  Marketing and brand building |  | 1032 |  | 774 |  | 2674 |  | 2557 |
|  Lifetime expected credit loss/(write-back) |  | (608) |  | 973 |  | (41) |  | 2982 |
|  (Gain)/loss on sale of property, plant and equipment, net <sup>(3)</sup>  |  | 77 |  | (33) |  | (766) |  | (563) |
|  Miscellaneous expenses <sup>(4)</sup>  |  | 306 |  | 465 |  | (839) |  | 1003 |
|  **Total cost of revenues, selling and marketing expenses and general and administrative expenses** | ₹ | **184632** | ₹ | **200611** | ₹ | **553466** | ₹ | **576117** |

---

<sup>(1)</sup> Employee compensation includes impact of past service cost on gratuity due to implementation of new labour code of ₹ 3,028 during the three and nine months ended December 31, 2025.

<sup>(2)</sup> Depreciation, amortization and impairment includes an impairment charge on intangible assets amounting to ₹ Nil and ₹ 841 for the three months ended December 31, 2024 and 2025, respectively and ₹ 1,149 and ₹ 841 for the nine months ended December 31, 2024 and 2025, respectively (Refer to Note 6). 

<sup>(3)</sup> (Gain)/loss on sale of property, plant and equipment for the nine months ended December 31, 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 nine months ended December 31, 2025, includes gain on transfer of building of ₹ (405). 

<sup>(4)</sup> Miscellaneous expenses are net of insurance claim received of ₹ 1,805 during the nine months ended December 31, 2024.

**23. Finance expenses** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Interest on loans, borrowings and bank overdrafts | ₹ | 1899 | ₹ | 1212 | ₹ | 5334 | ₹ | 4200 |
|  Interest on lease liabilities |  | 404 |  | 501 |  | 1151 |  | 1438 |
|  Interest on liability on written put options to non- controlling interests |  | 268 |  | 149 |  | 396 |  | 427 |
|  Other finance expenses |  | 1575 |  | 1794 |  | 4122 |  | 4811 |
|  | ₹ | **4146** | ₹ | **3656** | ₹ | **11003** | ₹ | **10876** |

---

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Interest income | ₹ | 7478 | ₹ | 6856 | ₹ | 19681 | ₹ | 21181 |
|  Dividend income from equity investments designated as |  |  |  |  |  |  |  |  |
|  FVTOCI |  |  |  |  |  | 1 |  | 2 |
|  Net gain from investments classified as FVTPL |  | 2302 |  | 2327 |  | 6773 |  | 6565 |
|  Net gain from investments classified as FVTOCI |  | (72) |  | 49 |  | (72) |  | 356 |
|  **Finance and other income** | ₹ | **9708** | ₹ | **9232** | ₹ | **26383** | ₹ | **28104** |
|  Foreign exchange gains/(losses), net, on financial |  |  |  |  |  |  |  |  |
|  instruments measured at FVTPL | ₹ | (350) | ₹ | (500) | ₹ | (903) | ₹ | (2435) |
|  Other foreign exchange gains/(losses), net |  | 760 |  | 1288 |  | 711 |  | 3963 |
|  **Foreign exchange gains/(losses), net** | ₹ | **410** | ₹ | **788** | ₹ | **(192)** | ₹ | **1528** |

---

**25. 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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Profit attributable to equity holders of the Company | ₹ | 33538 | ₹ | 31190 | ₹ | 95658 | ₹ | 96956 |
|  Weighted average number of equity shares outstanding |  | 10457414881 |  | 10477008222 |  | 10454728795 |  | 10475167174 |
|  **Basic earnings per equity share** | ₹ | **3.21** | ₹ | **2.98** | ₹ | **9.15** | ₹ | **9.26** |

---

**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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Profit attributable to equity holders of the Company | ₹ | 33538 | ₹ | 31190 | ₹ | 95658 | ₹ | 96956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of equity shares outstanding |  | 10457414881 |  | 10477008222 |  | 10454728795 |  | 10475167174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of dilutive equivalent share options |  | 25549129 |  | 21238789 |  | 26707915 |  | 24757873 |
|  Weighted average number of equity shares for diluted earnings per equity share |  | 10482964010 |  | 10498247011 |  | 10481436710 |  | 10499925047 |
|  **Diluted earnings per equity share** | ₹ | **3.20** | ₹ | **2.97** | ₹ | **9.13** | ₹ | **9.23** |

---

**26. Employee compensation** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Salaries and bonus | ₹ | 126258 | ₹ | 132200 | ₹ | 380914 | ₹ | 390312 |
|  Employee benefits plans |  | 5065 |  | 8444 |  | 14762 |  | 19070 |
|  Share-based compensation <sup>(1)</sup>  |  | 1712 |  | 1365 |  | 4347 |  | 3065 |
|  | ₹ | **133035** | ₹ | **142009** | ₹ | **400023** | ₹ | **412447** |

---

<sup>(1)</sup> Includes ₹ (3) and ₹ Nil for the three months ended December 31, 2024 and 2025, respectively and ₹ (8) and ₹ Nil for the nine months ended December 31, 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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Cost of revenues | ₹ | 112409 | ₹ | 121267 | ₹ | 338529 | ₹ | 354321 |
|  Selling and marketing expenses |  | 12186 |  | 10296 |  | 36562 |  | 33199 |
|  General and administrative expenses |  | 8440 |  | 10446 |  | 24932 |  | 24927 |
|  | ₹ | **133035** | ₹ | **142009** | ₹ | **400023** | ₹ | **412447** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2025** | **2024** | **2025** |
|  Restricted Stock Units (RSU) | 85637 | 20688 | 3431043 | 6732367 |
|  ADS RSU | 74677 | 637942 | 8470177 | 13468222 |
|  Performance based stock options (RSUs) |  |  | 2014993 | 3874099 |
|  Performance based stock options (ADS) | 25510 |  | 5323067 | 8424826 |

---

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

During the three and nine months ended December 31, 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.

**27. Commitments and contingencies** 

**Capital commitments:** As at March 31, 2025 and December 31, 2025 the Company had committed to spend approximately ₹8,719 and ₹6,885 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 8 for uncalled capital commitments on investment in equity instruments.

**Guarantees:** As at March 31, 2025 and December 31, 2025, guarantees provided by banks on behalf of the Company to the Indian Government, customers and certain other agencies aggregate to ₹ 13,110 and ₹ 13,792 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 ₹ 103,622 are not acknowledged as debt as at March 31, 2025 and December 31, 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 ₹ 20,663 as of March 31, 2025, and December 31, 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.

**28. 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 December 31, 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 | ₹ | 72010 | ₹ | 68120 | ₹ | 59282 | ₹ | 23439 | ₹ | 222851 | ₹ | 747 | ₹ |  | ₹ | 223598 |
|  Segment result |  | 14966 |  | 15275 |  | 7600 |  | 3667 |  | 41508 |  | 29 |  | (53) |  | 41484 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(2518)** |  |  |  |  |  | (2518) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **38990** | ₹ | **29** | ₹ | **(53)** | ₹ | **38966** |
|  Finance expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4146) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9708 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **44533** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10866) |
|  **Profit for the period** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **33667** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 6765 |

---

Information on reportable segments for the three months ended December 31, 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 | ₹ | 77809 | ₹ | 67708 | ₹ | 62405 | ₹ | 25859 | ₹ | **233781** | ₹ | 2565 | ₹ |  | ₹ | 236346 |
|  Segment result |  | 16409 |  | 14450 |  | 8003 |  | 3583 |  | **42445** |  | 227 |  | (5678) |  | 36994 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(1259)** |  |  |  |  |  | (1259) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **41186** | ₹ | **227** | ₹ | **(5678)** | ₹ | **35735** |
|  Finance expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3656) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9232 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **41339** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9889) |
|  **Profit for the period** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **31450** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 8050 |

---

------

Information on reportable segments for the nine months ended December 31, 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 | ₹ | 208103 | ₹ | 203390 | ₹ | 181525 | ₹ | 70753 | ₹ | 663771 | ₹ | 1879 | ₹ |  | ₹ | 665650 |
|  Segment result |  | 41991 |  | 45813 |  | 21294 |  | 9178 |  | **118276** |  | (201) |  | 16 |  | 118091 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(5907)** |  |  |  |  |  | (5907) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **112369** | ₹ | **(201)** | ₹ | **16** | ₹ | **112184** |
|  Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11003) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 26383 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (37) |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **127527** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (31228) |
|  **Profit for the year** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **96299** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22362 |

---

Information on reportable segments for the nine months ended December 31, 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 | ₹ | 225727 | ₹ | 201789 | ₹ | 178753 | ₹ | 74717 | ₹ | **680986** | ₹ | 4419 |  | ₹— | ₹ | 685405 |
|  Segment result |  | 46838 |  | 40957 |  | 20991 |  | 9870 |  | **118656** |  | 348 |  | (8189) |  | 110815 |
|  Unallocated |  |  |  |  |  |  |  |  |  | **(1527)** |  |  |  |  |  | (1527) |
|  **Segment result total** |  |  |  |  |  |  |  |  | ₹ | **117129** | ₹ | **348** | ₹ | **(8189)** | ₹ | **109288** |
|  Finance expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (10876) |
|  Finance and other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28104 |
|  Share of net profit/(loss) of associate and joint venture accounted for using the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 230 |
|  **Profit before tax** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **126746** |
|  Income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (29307) |
|  **Profit for the year** |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | **97439** |
|  Depreciation, amortization and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ₹ | 21822 |

---

------

Revenues from India, being Company's country of domicile, is ₹ 5,311 and ₹ 5,931 for the three months ended December 31, 2024, and 2025, respectively and ₹ 15,428 and ₹ 16,521 for the nine months ended December 31, 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 December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  United States of America | ₹ | 133884 | ₹ | 141437 | ₹ | 393558 | ₹ | 411320 |
|  United Kingdom |  | 22946 |  | 25557 |  | 72287 |  | 70367 |
|  | ₹ | **156830** | ₹ | **166994** | ₹ | **465845** | ₹ | **481687** |

---

No customer individually accounted for more than 10% of the revenues during the three and nine months ended December 31, 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 ₹ 2,629 for the three months ended December 31, 2024 and
2025, respectively and ₹ Nil and ₹ 5,139 for the nine months ended
December 31, 2024 and 2025, respectively is included under Reconciling items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Impact of past service cost on gratuity due to implementation of new labour code amounting to ₹ 3,028 for the three and nine months ended December 31, 2025, is included under Reconciling items.

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

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Three months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** | **Nine months ended December 31,** |
|  | **2024** | **2024** | **2025** | **2025** | **2024** | **2024** | **2025** | **2025** |
|  Amortization and impairment expenses on intangible assets (Refer to Note 6) | ₹ | 1577 | ₹ | 2652 | ₹ | 6278 | ₹ | 5947 |
|  Change in fair value of contingent consideration (Refer to Note 18) |  |  |  | ^ |  | (167) |  | 48 |

---

^ Value is less than 0.5

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Segment results of IT Services segment are after recognition of share-based compensation expense of ₹ 1,712 and ₹ 1,365 for the three months ended December 31, 2024 and 2025,
respectively and ₹ 4,347 and ₹ 3,065 for the nine months ended
December 31, 2024 and 2025, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and
equipment of ₹ 77 and ₹ (33) for the three months ended December 31,
2024 and 2025, respectively and ₹ (766) and ₹ (563) for the nine months
ended December 31, 2024 and 2025, respectively.

**29. List of subsidiaries, associate and joint venture as at December 31, 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 | Wipro Technologies SRL |  | U.K.<br>Romania | 100.00%<br> ^ |
|  Wipro IT Services Bangladesh Limited |  |  | Bangladesh | 100.00% |
|  Wipro IT Services UK Societas |  |  | U.K. | 100.00% |
|  | Capco Consulting Middle East |  | UAE | 100.00% |
|  | FZE <sup>(2)</sup> |  |  |  |
|  | 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 | 100.00% |
| Wipro Czech Republic IT Services s.r.o. |  | Czech Republic | 100.00% |
| Wipro CRM Services |  | Belgium | 100.00% |
|  | Wipro 4C Consulting France SAS | France | 100.00% |
|  | Wipro CRM Services B.V. | Netherlands | 100.00% |
|  | Wipro CRM Services ApS | Denmark | 100.00% |
|  | Wipro CRM Services UK Limited | U.K. | 100.00% |
| Grove Holdings 2 S.á.r.l |  | Luxembourg | 100.00% |
|  | Capco Solution Services GmbH | Germany | 100.00% |
|  | The Capital Markets Company | Italy | 100.00% |
|  | Italy Srl |  |  |
|  | Capco Brasil Serviços E | Brazil | 99.99% |
|  | Consultoria Ltda |  |  |
|  | The Capital Markets Company BV <sup>(1)</sup> | Belgium | 100.00% |
| PT. WT Indonesia |  | Indonesia | 99.60% |
| Rainbow Software LLC |  | Iraq | 100.00% |
| Wipro Arabia Limited |  | Saudi Arabia | 66.67% |
|  | Women's Business Park | Saudi Arabia | 100.00% |
|  | Technologies Limited |  |  |
| Wipro Doha LLC |  | Qatar | 100.00% |
| Wipro Financial Outsourcing |  | U.K. | 100.00% |
| Services Limited |  |  |  |
|  | Wipro UK Limited | U.K. | 100.00% |
| Wipro Gulf LLC |  | Sultanate of<br>Oman | 99.98% |
| Wipro Information Technology |  | Netherlands | 100.00% |
| Netherlands BV. |  |  |  |
|  | Wipro Gulf LLC | Sultanate of<br>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 | Brazil | 0.07% |
|  | Informatica Ltda |  |  |
|  | Wipro do Brasil Technologia Ltda <sup>(1)</sup> | Brazil | 99.44% |
|  | Wipro Information Technology | Kazakhstan | 100.00% |
|  | Kazakhstan LLP |  |  |
|  | Wipro Outsourcing Services | Ireland | 100.00% |
|  | (Ireland) Limited |  |  |
|  | Wipro Portugal S.A. <sup>(1)</sup> | Portugal | 100.00% |
|  | Wipro Solutions Canada Limited | Canada | 100.00% |
|  | Wipro Technologies Limited | Russia | 99.99% |
|  | Wipro Technologies Peru SAC | Peru | 99.98% |
|  | Wipro Technologies W.T. | Costa Rica | 100.00% |
|  | Sociedad Anonima |  |  |
|  | Wipro Technology Chile SPA | Chile | 100.00% |
|  | Applied Value Technologies B.V. | Netherlands | 100.00% |
| Wipro IT Service Ukraine, LLC |  | Ukraine | 100.00% |
| Wipro IT Services Poland SP Z.O.O |  | Poland | 100.00% |
| Wipro IT Services S.R.L. |  | Romania | 100.00% |
| Wipro Regional Headquarter |  | Saudi Arabia | 100.00% |
| Wipro Technologies Australia Pty Ltd |  | Australia | 100.00% |
|  | Wipro Ampion Holdings Pty Ltd <sup>(1)</sup> | Australia | 100.00% |
| 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 | USA | 100.00% |
|  |  | Incorporated <sup>(1)</sup> |  |  |
|  |  | 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 Connected Services, Inc. |  |  | USA | 100.00% |
|  (Formerly known as Harman |  |  |  |  |
|  Connected Services, Inc.) <sup>(4) (5)</sup>  |  |  |  |  |
|  | Harman Connected Services Mauritius Pvt Ltd. |  | Mauritius | 100.00% |
|  |  | Harman Connected Services Corporation India Pvt. Ltd. | India | 98.40% |
|  | Harman Connected Services |  | India | 1.60% |
|  | Corporation India Pvt. Ltd. |  |  |  |
|  | Wipro Connected Services |  | USA | 100.00% |
|  | Engineering Corp. (Formerly |  |  |  |
|  | known as Harman Connected |  |  |  |
|  | Services Engineering Corp.) |  |  |  |
|  | Harman Connected Services UK Limited |  | UK | 100.00% |
|  |  | Harman Connected Services Morocco | Morocco | 100.00% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Wipro Connected Services US |  | USA | 100.00% |
|  | Midco LLC (Formerly known as |  |  |  |
|  | Harman Connected Services US Midco LLC) |  |  |  |
|  |  | Harman Connected Services <sub>AB</sub> <sup>(1)</sup> | Sweden | 100.00% |
|  The Wipro SA Broad Based |  |  |  |  |
|  Ownership Scheme Trust |  |  |  |  |
|  | Wipro SA Broad Based Ownership |  |  | 100.00% |
|  | Scheme SPV (RF) (PTY) LTD |  |  |  |
|  |  | 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> The Company, through its subsidiaries, has acquired 100% shareholding in Harman Connected Services Inc. and its subsidiaries, effective December 1, 2025. 

<sup>(5)</sup> Wipro Digital Inc., a wholly owned subsidiary, has merged with Harman Connected Services Inc., a step-down subsidiary, effective December 1, 2025.

<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, Wipro Portugal S.A. and Harman Connected Services AB 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 |  | USA | 100.00% |
|  | LLC |  |  |  |
|  HealthPlan Services, Inc. |  |  | USA |  |
|  | HealthPlan Services Insurance |  | USA | 100.00% |
|  | Agency, LLC |  |  |  |
|  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>(6)</sup> | Netherlands | 100.00% |
|  | Rizing Solutions Canada Inc. |  | Canada | 100.00% |
|  | Rizing LLC |  | USA | 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 | USA | 100.00% |
|  |  | (Formerly known as Rizing |  |  |
|  |  | Consulting USA, Inc.) |  |  |
|  |  | Rizing Pte Ltd. <sup>(6)</sup> | Singapore | 100.00% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  The Capital Markets Company BV | 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 |  | U.K. | 100.00% |
|  | (UK) Ltd |  |  |  |
|  |  | 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>(6)</sup> | Germany | 100.00% |
|  |  | Wipro IT Services Austria GmbH | Austria | 100.00% |
|  Harman Connected Services AB |  |  | Sweden |  |
|  | Harman Connected Services Solutions (Chengdu) Co. Ltd. |  | China | 100.00% |

---

------

<sup>(6)</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** |
|  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 December 31, 2025, Wipro, LLC 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. Issue of bonus shares** 

During the year ended March 31, 2025, the company concluded bonus issue 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) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.

**31.** On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with IAS 19 – Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Income. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India.

The implementation of the Labour Codes has resulted in an increase of ₹ 3,028 in the provision for defined benefit obligation, which has been recognized as an employee benefit expense in the current reporting period. The Company continues to monitor the finalization of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required.

**32. Events after the reporting period** 

The Board of Directors in their meeting held on January 16, 2026, declared an interim dividend of ₹ 6 /- (U.S.$0.07) per equity share and ADR (300% on an equity share of par value of ₹ 2 /-).

---

| | | | |
|:---|:---|:---|:---|
| 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 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 |  |  |  |
| January 16, 2026 |  |  |  |

---

## 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** 

**AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 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** | **Nine months ended** | **Nine months ended** | **Year ended** |
|  | **Particulars** | **December<br>31, 2025** | **September<br>30, 2025** | **December<br>31, 2024** | **December<br>31, 2025** | **December<br>31, 2024** | **March 31,<br>2025** |
|  | **Income** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Revenue from operations | 235558 | 226973 | 223188 | 683877 | 665842 | 890884 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Foreign exchange gains/(losses), net | 788 | 558 | 410 | 1528 | (192) | 32 |
|  I | **Total income** | **236346** | **227531** | **223598** | **685405** | **665650** | **890916** |
|  | **Expenses** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Purchases of stock-in-trade | 2476 | 1056 | 459 | 4077 | 2157 | 2967 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Changes in inventories of stock-in-trade | (15) | (172) | 318 | (66) | 164 | 195 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Employee benefits expense | 142009 | 136163 | 133035 | 412447 | 400023 | 533477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Depreciation, amortization and impairment |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; expense | 8050 | 6917 | 6765 | 21822 | 22362 | 29579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Sub-contracting and technical fees | 27667 | 26498 | 25903 | 79743 | 75252 | 100148 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) Facility expenses | 4087 | 3519 | 3884 | 11804 | 11954 | 16067 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Travel | 3054 | 3338 | 3164 | 10180 | 10937 | 14095 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) Communication | 831 | 891 | 871 | 2519 | 2943 | 3842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Legal and professional fees | 2836 | 2813 | 2842 | 7538 | 8137 | 11270 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) Software license expense for internal use | 5701 | 5253 | 5080 | 15915 | 14387 | 19338 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k) Marketing and brand building | 774 | 900 | 1032 | 2557 | 2674 | 3591 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l) Lifetime expected credit loss/ (write-back) | 973 | 1507 | (608) | 2982 | (41) | 324 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m) (Gain)/loss on sale of property, plant and |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; equipment, net | (33) | (464) | 77 | (563) | (766) | (606) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;n) Other expenses | 2201 | 1483 | 1810 | 5162 | 3283 | 5358 |
|  II | **Total expenses** | **200611** | **189702** | **184632** | **576117** | **553466** | **739645** |
|  III | Finance expenses | 3656 | 3612 | 4146 | 10876 | 11003 | 14770 |
|  IV | Finance and other income | 9232 | 8455 | 9708 | 28104 | 26383 | 38202 |
|  V | Share of net profit/ (loss) of associate and joint |  |  |  |  |  |  |
|  | venture accounted for using the equity method | 28 | 152 | 5 | 230 | (37) | 254 |
|  **VI** | **Profit before tax [I-II-III+IV+V]** | **41339** | **42824** | **44533** | **126746** | **127527** | **174957** |
|  VII | Tax expense | 9889 | 10200 | 10866 | 29307 | 31228 | 42777 |
|  **VIII** | **Profit for the period [VI-VII]** | **31450** | **32624** | **33667** | **97439** | **96299** | **132180** |
|  | **Other comprehensive income (OCI)** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **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 | (240) | 238 | (231) | (231) | 150 | 274 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of investment in equity instruments measured at fair value through OCI | (422) | (62) | (367) | (485) | (533) | (3476) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Items that will be reclassified to profit or loss in subsequent periods** |  |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation differences | 5050 | 13355 | 1853 | 24988 | 5569 | 7331 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |  |  | 1 |  | 14 | (41) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in time value of option contracts designated as cash flow hedges, net of taxes | 139 | 58 | 269 | (77) | (95) | (189) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes | 59 | (744) | (171) | (515) | (189) | 146 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in fair value of forward contracts designated as cash flow hedges, net of taxes | (560) | (1772) | (1100) | (2333) | (1555) | (745) |
|  | &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 | (495) | (565) | 37 | (472) | 611 | 963 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  IX | Total other comprehensive income for the period, net of taxes | 3531 | 10508 | 291 | 20875 | 3972 | 4263 |
|  | **Total comprehensive income for the period [VIII+IX]** | **34981** | **43132** | **33958** | **118314** | **100271** | **136443** |
|  X | Profit for the period attributable to: |  |  |  |  |  |  |
|  | Equity holders of the Company | 31190 | 32462 | 33538 | 96956 | 95658 | 131354 |
|  | Non-controlling interests | 260 | 162 | 129 | 483 | 641 | 826 |
|  |  | **31450** | **32624** | **33667** | **97439** | **96299** | **132180** |
|  | **Total comprehensive income for the period attributable to:** |  |  |  |  |  |  |
|  | Equity holders of the Company | 34695 | 42898 | 33783 | 117730 | 99590 | 135595 |
|  | Non-controlling interests | 286 | 234 | 175 | 584 | 681 | 848 |
|  |  | **34981** | **43132** | **33958** | **118314** | **100271** | **136443** |
| XI | Paid up equity share capital (Par value ₹ 2 per share) | 20974 | 20968 | 20938 | 20974 | 20938 | 20944 |
| XII | Reserves excluding revaluation reserves and<br>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 nine months ended periods are not annualized) |  |  |  |  |  |  |
|  | Basic (in ₹) | 2.98 | 3.10 | 3.21 | 9.26 | 9.15 | 12.56 |
|  | Diluted (in ₹) | 2.97 | 3.09 | 3.20 | 9.23 | 9.13 | 12.52 |

---

**1.** The audited consolidated financial results of the Company for the three and nine months ended
December 31, 2025, have been approved by the Board of Directors of the Company at its meeting held on January 16, 2026. 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 nine months ended December 31, 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 nine months ended December 31, 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 nine months ended December 31, 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 nine months ended December 31, 2025, includes gain on transfer of building of ₹ (405).

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

**5.** Employee benefits expense includes impact of past service cost on gratuity due to implementation of new
labour code of ₹ 3,028 during the three and nine months ended December 31, 2025.

**6.** **List of subsidiaries, associate and joint venture as at December 31, 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 | Wipro Technologies SRL |  | U.K.<br> Romania | ^100.00% |
| Wipro IT Services Bangladesh Limited |  |  | Bangladesh | 100.00% |
| Wipro IT Services UK Societas |  |  | U.K. | 100.00% |
|  | Capco Consulting Middle East |  | UAE | 100.00% |
|  | FZE <sup>(2)</sup>  |  |  |  |
|  | 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 | 100.00% |
|  Wipro Czech Republic IT Services s.r.o. |  | Czech Republic | 100.00% |
|  Wipro CRM Services |  | Belgium | 100.00% |
|  | Wipro 4C Consulting France SAS | France | 100.00% |
|  | Wipro CRM Services B.V. | Netherlands | 100.00% |
|  | Wipro CRM Services ApS | Denmark | 100.00% |
|  | Wipro CRM Services UK Limited | U.K. | 100.00% |
|  Grove Holdings 2 S.á.r.l |  | Luxembourg | 100.00% |
|  | Capco Solution Services GmbH | Germany | 100.00% |
|  | The Capital Markets Company Italy Srl | Italy | 100.00% |
|  | Capco Brasil Serviços E | Brazil | 99.99% |
|  | Consultoria Ltda |  |  |
|  | The Capital Markets Company <sub>BV</sub> <sup>(1)</sup> | Belgium | 100.00% |
|  PT. WT Indonesia |  | Indonesia | 99.60% |
|  Rainbow Software LLC |  | Iraq | 100.00% |
|  Wipro Arabia Limited |  | Saudi Arabia | 66.67% |
|  | Women's Business Park | Saudi Arabia | 100.00% |
|  | Technologies Limited |  |  |
|  Wipro Doha LLC |  | Qatar | 100.00% |
|  Wipro Financial Outsourcing |  | U.K. | 100.00% |
|  Services Limited |  |  |  |
|  | Wipro UK Limited | U.K. | 100.00% |
|  Wipro Gulf LLC |  | Sultanate of | 99.98% |
|  |  | Oman |  |
|  Wipro Information Technology |  | Netherlands | 100.00% |
|  Netherlands BV. |  |  |  |
|  | Wipro Gulf LLC | Sultanate of | 0.02% |
|  |  | Oman |  |
|  | 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 | 100.00% |
|  | Kazakhstan LLP |  |  |
|  | Wipro Outsourcing Services | Ireland | 100.00% |
|  | (Ireland) Limited |  |  |
|  | Wipro Portugal S.A. <sup>(1)</sup> | Portugal | 100.00% |
|  | Wipro Solutions Canada Limited | Canada | 100.00% |
|  | Wipro Technologies Limited | Russia | 99.99% |
|  | Wipro Technologies Peru SAC | Peru | 99.98% |
|  | Wipro Technologies W.T. | Costa Rica | 100.00% |
|  | Sociedad Anonima |  |  |
|  | Wipro Technology Chile SPA | Chile | 100.00% |
|  | Applied Value Technologies B.V. | Netherlands | 100.00% |
|  Wipro IT Service Ukraine, LLC |  | Ukraine | 100.00% |
|  Wipro IT Services Poland SP Z.O.O |  | Poland | 100.00% |
|  Wipro IT Services S.R.L. |  | Romania | 100.00% |
|  Wipro Regional Headquarter |  | Saudi Arabia | 100.00% |
|  Wipro Technologies Australia Pty Ltd |  | Australia | 100.00% |
|  | Wipro Ampion Holdings Pty Ltd <sup>(1)</sup> | Australia | 100.00% |
|  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 | USA | 100.00% |
|  |  | Incorporated <sup>(1)</sup> |  |  |
|  |  | Wipro NextGen Enterprise Inc. <sup>(1)</sup> | USA | 100.00% |
|  |  | Rizing Intermediate Holdings, | USA | 100.00% |
|  |  | Inc. <sup>(1)</sup> |  |  |
|  |  | 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, |  | USA | 100.00% |
|  | LLC |  |  |  |
| Wipro Connected Services, Inc. |  |  | USA | 100.00% |
| (Formerly known as Harman |  |  |  |  |
| Connected Services, Inc.) <sup>(4) (5)</sup> |  |  |  |  |
|  | Harman Connected Services Mauritius Pvt Ltd. |  | Mauritius | 100.00% |
|  |  | Harman Connected Services Corporation India Pvt. Ltd. | India | 98.40% |
|  | Harman Connected Services |  | India | 1.60% |
|  | Corporation India Pvt. Ltd. |  |  |  |
|  | Wipro Connected Services |  | USA | 100.00% |
|  | Engineering Corp. (Formerly |  |  |  |
|  | known as Harman Connected |  |  |  |
|  | Services Engineering Corp.) |  |  |  |
|  | Harman Connected Services UK Limited |  | UK | 100.00% |
|  |  | Harman Connected Services Morocco | Morocco | 100.00% |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Wipro Connected Services US |  | USA | 100.00% |
|  | Midco LLC (Formerly known as |  |  |  |
|  | Harman Connected Services US |  |  |  |
|  | Midco LLC) |  |  |  |
|  |  | Harman Connected Services AB <sup>(1)</sup> | Sweden | 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> The Company, through its subsidiaries, has acquired 100% shareholding in Harman Connected Services Inc. and its subsidiaries, effective December 1, 2025. 

<sup>(5)</sup> Wipro Digital Inc., a wholly owned subsidiary, has merged with Harman Connected Services Inc., a step-down subsidiary, effective December 1, 2025.

<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, Wipro Portugal S.A. and Harman Connected Services AB 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 |  | USA | 100.00% |
|  | Agency, LLC |  |  |  |
|  International TechneGroup |  |  | USA |  |
|  Incorporated |  |  |  |  |
|  | 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, |  |  | USA |  |
|  Inc. |  |  |  |  |
|  | Rizing Lanka (Private) Ltd |  | Sri Lanka | 100.00% |
|  |  | Attune Netherlands B.V. <sup>(6)</sup> | Netherlands | 100.00% |
|  | Rizing Solutions Canada Inc. |  | Canada | 100.00% |
|  | Rizing LLC |  | USA | 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>(6)</sup> | Singapore | 100.00% |
|  The Capital Markets Company BV |  |  | Belgium |  |
|  | CapAfric Consulting (Pty) Ltd |  | South<br>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 |  | Brazil | 96.84% |
|  | Informatica Ltda |  |  |  |
|  Wipro Portugal S.A. |  |  | Portugal |  |
|  | Wipro do Brasil Technologia Ltda |  | Brazil | 0.56% |
|  | Wipro Do Brasil Sistemas De |  | Brazil | 3.09% |
|  | Informatica Ltda |  |  |  |
|  | Wipro Technologies GmbH |  | Germany | 85.13% |
|  |  | Wipro Business Solutions GmbH <sup>(6)</sup> | Germany | 100.00% |
|  |  | Wipro IT Services Austria GmbH | Austria | 100.00% |
|  | Harman Connected Services AB |  | Sweden |  |
|  |  | Harman Connected Services | China | 100.00% |
|  |  | Solutions (Chengdu) Co. Ltd. |  |  |

---

------

<sup>(6)</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** |
|  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 December 31, 2025, Wipro, LLC 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:

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

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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.

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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 December 31, 2025, September 30, 2025, December 31, 2024, nine months ended December 31, 2025, December 31, 2024, and year ended March 31, 2025 are as follows:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** | **Year<br>ended** |
| **Particulars** | **December<br>31, 2025** | **September<br>30, 2025** | **December<br>31, 2024** | **December<br>31, 2025** | **December<br>31, 2024** | **March<br>31, 2025** |
| **Particulars** | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** |
|  **Segment revenue** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 77809 | 74821 | 72010 | 225727 | 208103 | 281824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 67708 | 67011 | 68120 | 201789 | 203390 | 271972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 62405 | 59531 | 59282 | 178753 | 181525 | 240077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 25859 | 25042 | 23439 | 74717 | 70753 | 94351 |
|  **Total of IT Services** | **233781** | **226405** | **222851** | **680986** | **663771** | **888224** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IT Products | 2565 | 1126 | 747 | 4419 | 1879 | 2692 |
|  **Total segment revenue** | **236346** | **227531** | **223598** | **685405** | **665650** | **890916** |
|  **Segment result** |  |  |  |  |  |  |
|  **IT Services** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 1 | 16409 | 15435 | 14966 | 46838 | 41991 | 58186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Americas 2 | 14450 | 13122 | 15275 | 40957 | 45813 | 61326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Europe | 8003 | 6962 | 7600 | 20991 | 21294 | 29434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APMEA | 3583 | 3308 | 3667 | 9870 | 9178 | 12850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unallocated | (1259) | (1018) | (2518) | (1527) | (5907) | (10157) |
|  **Total of IT Services** | **41186** | **37809** | **38990** | **117129** | **112369** | **151639** |
|  IT Products | 227 | 101 | 29 | 348 | (201) | (173) |
|  Reconciling Items | (5678) | (81) | (53) | (8189) | 16 | (195) |
|  **Total segment result** | **35735** | **37829** | **38966** | **109288** | **112184** | **151271** |
|  Finance expenses | (3656) | (3612) | (4146) | (10876) | (11003) | (14770) |
|  Finance and other income | 9232 | 8455 | 9708 | 28104 | 26383 | 38202 |
|  Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 28 | 152 | 5 | 230 | (37) | 254 |
|  **Profit before tax** | **41339** | **42824** | **44533** | **126746** | **127527** | **174957** |

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**Notes:** 

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

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

c) For the purpose of segment reporting, the Company has included the net impact of foreign exchange
gains/(losses), net in revenues amounting to ₹ 788, ₹ 558, and ₹ 410 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, ₹ 1,528 and ₹ (192) for the nine months ended December 31, 2025, December 31, 2024, and ₹ 32 for the year ended March 31, 2025, which is reported under foreign exchange gains/(losses), net in the consolidated financial results.

d) Restructuring cost of ₹ 2,629, ₹ Nil and ₹ Nil for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively and ₹ 5,139 and ₹ Nil for the nine months ended December 31, 2025 and
2024, respectively, and ₹ Nil for the year ended March 31, 2025, is included under Reconciling Items.

e) Impact of past service cost on gratuity due to implementation of new labour code amounting to ₹ 3,028 for the three and nine months ended December 31, 2025, respectively is included under Reconciling items.

f) "Unallocated" within IT Services segment results is after recognition of the below:

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Three months ended** | **Three months ended** | **Three months ended** | **Nine months ended** | **Nine months ended** | **Year ended** |
|  | **December<br>31, 2025** | **September<br>30, 2025** | **December<br>31, 2024** | **December<br>31, 2025** | **December<br>31, 2024** | **March 31,<br>2025** |
|  Amortization and impairment expenses on intangible assets | 2652 | 1670 | 1577 | 5947 | 6278 | 7909 |
|  Change in fair value of contingent consideration | ^ | ^ |  | 48 | (167) | (169) |

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^ Value is less than 0.5

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g) Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,365, ₹ 1,264 and ₹ 1,712 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively and ₹ 3,065 and ₹ 4,347 for the nine months ended December 31, 2025, December 31, 2024, respectively and ₹ 5,542 for the year ended March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h) Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and
equipment of ₹ (33), ₹ (464) and ₹ 77 for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, and ₹ (563) and ₹ (766) for the nine months ended December 31, 2025,
December 31, 2024, respectively, and ₹ (606) for the year ended March 31, 2025.

**7.** 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 ₹ 841, ₹ Nil, and ₹ Nil for the three months ended December 31, 2025, September 30, 2025 and December 31, 2024, respectively, and ₹ 841, and ₹ 1,149 for the nine months ended December 31, 2025 and
December 31, 2024, respectively, and ₹ 1,155 for the year ended March 31, 2025, as part of depreciation, amortization and impairment expense.

**8.** **Issue of bonus shares** 

During the year ended March 31, 2025, the company concluded bonus issue 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) was approved by the shareholders of the Company on November 21, 2024. Subsequently, on December 4, 2024, the Company allotted 5,232,094,402 equity shares (including ADS) to shareholders who held equity shares as on the record date of December 3, 2024. The Company also allotted 1:1 bonus equity share on 1,274,805 equity shares (including ADS) under allotment as on the record date. Consequently, ₹ 10,467 (representing par value of ₹ 2 per share) was transferred from capital redemption reserves, securities premium and retained earnings to the share capital.

**9.** On November 21, 2025, the Government of India notified four Labour Codes, effective immediately,
replacing the existing 29 labour laws. In accordance with IAS 19 – Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in
the Statement of Income. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India.

The implementation of the Labour Codes has resulted in an increase of ₹ 3,028 in the provision for defined benefit obligation, which has been recognized as an employee benefit expense in the current reporting period. The Company continues to monitor the finalization of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required.

**10.** **Events after the reporting period** 

The Board of Directors in their meeting held on January 16, 2026, declared an interim dividend of ₹ 6 /- (U.S.$0.07) per equity share and ADR (300% on an equity share of par value of ₹ 2 /-).

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| | |
|:---|:---|
| By order of the Board, | For, Wipro Limited |
| Place: Bengaluru<br> Date: January 16, 2026 | **Rishad A. Premji**<br> Chairman |

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## Exhibit 99.5

**Exhibit 99.5**![LOGO](g848143g59g59.jpg)

OUTLOOK 242,021 83.1% 61.6% 11.1% APMEA TOTAL HEADCOUNT NET UTILIZATION EXCLUDING TRAINEES OFFSHORE REVENUE PERCENTAGE OF SERVICES CUSTOMER CONCENTRATION TOP1 4.7% TOP5 14.4% TOP 10 23.7% ATTRITION VOL – TTM 14.2% STRATEGIC MARKET UNITS MIX 33.2% AMERICAS 1 29.0% AMERICAS 2 26.7% EUROPE Revenue from our IT Services business segment to be in the range of $2,635 million to $2,688 million\*. This translates to sequential guidance of 0% to 2.0% in constant currency terms. \*Outlook for the Quarter ending March 31, 2026, is based on the following exchange rates: GBP/USD at 1.33, Euro/USD at 1.17, AUD/USD at 0.65, USD/INR at 88.85 and CAD/USD at 0.72 SECTOR MIX Banking, Financial Services and Insurance 34.6% Consumer 18.2% Technology and Communications 16.0% Health 14.9% Energy, Manufacturing and Resources 16.3% for the Quarter ending March 31, 2026 Wipro Limited Highlights for the Quarter ended December 31, 2025 P a g e 1 $3.3 Bn LARGE DEAL TCV 8.4% YoY CC $0.9 Bn 5.7% YoY CC TOTAL BOOKINGS Adjusted EPS Note 6 ₹ 3.21 Operating cash Flow/Net Income Operating Cash Flow $474 Mn 135.4% 3.5% QoQ 0.0% YoY $2.64 Bn QoQ Constant Currency YoY Constant Currency Operating Margin REVENUE 1.4% 1.2% 17.6%

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![LOGO](g848143g60g60.jpg)

IT Services Revenues ($Mn) 2,635.4 2,604.3 2,587.4 10,511.5 2,596.5 2,629.1 2,660.1 Sequential Growth 1.2% 0.7% -0.3% -2.7% -1.2% -1.2% 1.3% Sequential Growth in Constant Currency Note 1 1.4% 0.3% -2.0% -2.3% -0.8% 0.1% 0.6% Operating Margin % Note 2 17.6% 16.7% 17.3% 17.1% 17.5% 17.5% 16.8% Strategic Market Units Mix Americas 1 33.2% 33.0% 33.1% 31.7% 32.8% 32.3% 30.8% Americas 2 29.0% 29.6% 30.4% 30.6% 30.6% 30.6% 30.6% Europe 26.7% 26.3% 25.7% 27.1% 26.1% 26.7% 27.9% APMEA 11.1% 11.1% 10.8% 10.6% 10.5% 10.4% 10.7% P a g e 2 A IT Services Sectors Mix Banking, Financial Services and Insurance 34.6% 34.3% 33.6% 34.3% 34.2% 34.1% 34.8% Consumer 18.2% 18.2% 18.6% 19.1% 18.9% 19.0% 19.2% Energy, Manufacturing and Resources 16.3% 17.4% 17.7% 17.2% 17.3% 16.9% 17.0% Technology and Communications 16.0% 15.6% 15.5% 15.3% 15.2% 15.3% 15.4% Health 14.9% 14.5% 14.6% 14.1% 14.4% 14.7% 13.6% Wipro Limited Results for the Quarter ended December 31, 2025 Total Bookings TCV ($Mn) Note 3 3,335 4,688 4,971 14,315 3,955 3,514 3,561 Large deal TCV ($Mn) Note 4 871 2,853 2,666 5,368 1,763 961 1,489 Total Bookings Q2 FY 24–25 Q2 FY Q4 Q3 FY 25-26 Q3 Guidance ($Mn) 2,591-2,644 2,560—2,612 2,505—2,557—2,602—2,655 2,607—2,660 2,600—2,652 Guidance restated based on 2,585-2,638 2,570 – 2,622 2,549 – 2,601—2,591 – 2,644 2,575 – 2,628 2,618 – 2,670 actual currency realized ($Mn) Revenues performance against guidance 2,635 2,604 2,587—2,597 2,629 2,660 ($Mn) Q1

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![LOGO](g848143g01p61.jpg)

Customer size distribution (TTM) > $100Mn 16 16 16 17 17 18 21 > $75Mn 31 29 27 28 28 30 30 > $50Mn 45 45 47 44 44 42 42 > $20Mn 103 104 109 111 111 114 117 > $10Mn 177 177 180 181 181 187 186 > $5Mn 281 272 281 289 289 290 297 > $3Mn 390 393 397 398 398 403 411 > $1Mn 722 730 725 716 716 722 733 Revenue from Existing customers % 99.4% 98.6% 99.6% 99.0% 98.1% 98.8% 99.4% Number of new customers 92 45 49 197 63 63 28 Total Number of active customers 1272 1257 1,266 1,282 1,282 1,299 1,342 Customer Concentration Top customer 4.7% 4.8% 4.7% 4.3% 4.4% 4.5% 4.1% Top 5 14.4% 14.4% 14.7% 14.0% 14.5% 14.3% 14.0% Top 10 23.7% 24.0% 24.5% 23.3% 24.2% 23.7% 22.9% % of Revenue USD 61% 62% 63% 62% 63% 62% 61% GBP 11% 11% 10% 10% 10% 10% 11% EUR 9% 9% 9% 10% 9% 10% 10% INR 5% 4% 4% 4% 4% 4% 4% AUD 4% 4% 3% 4% 3% 4% 4% CAD 3% 3% 3% 3% 3% 3% 3% Others 7% 7% 8% 7% 8% 7% 7% Closing Employee Count 242,021 235,492 233,232 233,346 233,346 232,732 233,889 Sales & Support Staff (IT Services) 14,663 14,863 15,131 15,230 15,230 15,311 15,336 Utilization Note 5 Net Utilization (Excluding Trainees) 83.1% 86.4% 85.0% 85.6% 84.6% 83.5% 86.4% Attrition Voluntary TTM (IT Services excl. DOP) 14.2% 14.9% 15.1% 15.0% 15.0% 15.3% 14.5% DOP % — Post Training Quarterly 8.5% 8.2% 8.2% 7.8% 7.7% 7.1% 7.9% P a g e 3 Q2 FY 24–25 Q2 FY Q4 Q3 FY 25-26 Q3 Revenue from FPP 55.1% 53.0% 53.5% 56.6% 55.5% 56.7% 56.7% Offshore Revenue — % of Services 61.6% 60.2% 59.8% 60.1% 62.1% 60.8% 59.8% Revenue Mix Note 5 Q1

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![LOGO](g848143g01p62.jpg)

P a g e 4 B Growth Metrics for the Quarter ended December 31, 2025 Note 1 C Annexure to Datasheet Segment-wise breakup of Q3 FY25-26 (INR Mn) Cost of Revenues, S&M and G&A Reconciling Total Particulars IT Services IT Products Items Cost of revenues 162,403 2,279 2,517 167,199 Selling and marketing expenses 14,392 64 552 15,008 General and administrative expenses 15,800 (5) 2,609 18,404 Total 192,595 2,338 5,678 200,611 Strategic Market Units Americas 1 1.9% 3.2% 1.8% 2.8% Americas 2 -1.0% -5.0% -0.8% -5.2% Europe 2.7% 0.4% 3.3% -4.6% APMEA 1.1% 6.0% 1.7% 6.6% Sectors Banking, Financial Services and Insurance 2.1% 1.6% 2.6% 0.4% Consumer 0.8% -4.0% 0.7% -5.7% Energy, Manufacturing and Resources -5.3% -3.4% -4.9% -5.8% Technology and Communications 4.0% 5.0% 4.2% 3.5% Health 4.3% 1.8% 4.2% 1.0% Q3'26 CC YoY% Q3'26 CC QoQ% Q3'26 Reported YoY% Q3'26 Reported QoQ% IT Services 1.2% 0.2% 1.4% -1.2% Note 1: 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 2: IT Services Operating Margin refers to Segment Results total as reflected in IFRS financials 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. Note 6: Adjusted for impact of past service cost on gratuity due to implementation of new labour code amounting to ₹ 3,028Mn. Nine months ended Dec 31, 2025 Three months ended Reconciliation of net-income and EPS Dec 31, 2025 Net Income [A] 31,190 96,956 Add: Impact on gratuity expenses due to implementation 3,028 3,028 of new Labour Code [B] Less[C]: Tax on [B] (590) (590) Adjusted Net Income [D]: [A+B+C] 33,628 99,394 Adjusted EPS Basic (₹) 3.21 9.49 D Amounts in INR Mn unless specifiedP a g e 4 B Growth Metrics for the Quarter ended December 31, 2025 Note 1 C Annexure to Datasheet Segment-wise breakup of Q3 FY25-26 (INR Mn) Cost of Revenues, S&M and G&A Reconciling Total Particulars IT Services IT Products Items Cost of revenues 162,403 2,279 2,517 167,199 Selling and marketing expenses 14,392 64 552 15,008 General and administrative expenses 15,800 (5) 2,609 18,404 Total 192,595 2,338 5,678 200,611 Strategic Market Units Americas 1 1.9% 3.2% 1.8% 2.8% Americas 2 -1.0% -5.0% -0.8% -5.2% Europe 2.7% 0.4% 3.3% -4.6% APMEA 1.1% 6.0% 1.7% 6.6% Sectors Banking, Financial Services and Insurance 2.1% 1.6% 2.6% 0.4% Consumer 0.8% -4.0% 0.7% -5.7% Energy, Manufacturing and Resources -5.3% -3.4% -4.9% -5.8% Technology and Communications 4.0% 5.0% 4.2% 3.5% Health 4.3% 1.8% 4.2% 1.0% Q3'26 CC YoY% Q3'26 CC QoQ% Q3'26 Reported YoY% Q3'26 Reported QoQ% IT Services 1.2% 0.2% 1.4% -1.2% Note 1: 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 2: IT Services Operating Margin refers to Segment Results total as reflected in IFRS financials 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. Note 6: Adjusted for impact of past service cost on gratuity due to implementation of new labour code amounting to ₹ 3,028Mn. Nine months ended Dec 31, 2025 Three months ended Reconciliation of net-income and EPS Dec 31, 2025 Net Income [A] 31,190 96,956 Add: Impact on gratuity expenses due to implementation 3,028 3,028 of new Labour Code [B] Less[C]: Tax on [B] (590) (590) Adjusted Net Income [D]: [A+B+C] 33,628 99,394 Adjusted EPS Basic (₹) 3.21 9.49 D Amounts in INR Mn unless specified