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

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 www.sec.gov. 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.

 
 
                    WIPRO LIMITED AND SUBSIDIARIES 
    INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 
  (Rs in millions, except share and per share data, unless otherwise 
                               stated) 
 
                                As at March 
                                 31, 2024     As at September 30, 2024 
                               -------------  ------------------------ 
                                                          Convenience 
                                                          translation 
                                                            into US 
                                                           dollar in 
                                                           millions 
                                                          (unaudited) 
                               -------------  ---------  ------------- 
ASSETS 
          Goodwill                   316,002    319,207          3,811 
          Intangible assets           32,748     28,195            336 
          Property, plant and 
           equipment                  81,608     78,822            941 
          Right-of-Use assets         17,955     21,854            261 
          Financial assets 
               Derivative 
                assets                    25          -              - 
               Investments            21,629     31,385            375 
               Trade 
                receivables            4,045        587              7 
               Other 
                financial 
                assets                 5,550      5,148             61 
          Investments 
           accounted for 
           using the equity 
           method                      1,044      1,008             12 
          Deferred tax assets          1,817      1,922             23 
          Non-current tax 
           assets                      9,043      7,782             93 
          Other non-current 
           assets                     10,331      7,744             92 
                               -------------  ---------  ------------- 
     Total non-current assets        501,797    503,654          6,012 
                               -------------  ---------  ------------- 
          Inventories                    907      1,052             13 
          Financial assets 
               Derivative 
                assets                 1,333        651              8 
               Investments           311,171    407,309          4,863 
               Cash and cash 
                equivalents           96,953    104,592          1,249 
               Trade 
                receivables          115,477    112,655          1,345 
               Unbilled 
                receivables           58,345     64,776            773 
               Other 
                financial 
                assets                10,536      8,973            107 
          Contract assets             19,854     17,788            212 
          Current tax assets           6,484      6,086             73 
          Other current 
           assets                     29,602     32,561            389 
                               -------------  ---------  ------------- 
     Total current assets            650,662    756,443          9,032 
                               -------------  ---------  ------------- 
 
TOTAL ASSETS                       1,152,459  1,260,097         15,044 
                               -------------  ---------  ------------- 
 
EQUITY 
          Share capital               10,450     10,463            125 
          Share premium                3,291      6,000             72 
          Retained earnings          630,936    693,688          8,282 
          Share-based payment 
           reserve                     6,384      6,315             75 
          Special Economic 
           Zone re-investment 
           reserve                    42,129     41,497            495 
          Other components of 
           equity                     56,693     60,380            721 
                               -------------  ---------  ------------- 
     Equity attributable to 
      the equity holders of 
      the Company                    749,883    818,343          9,770 
     Non-controlling 
      interests                        1,340      1,798             21 
                               -------------  ---------  ------------- 
TOTAL EQUITY                         751,223    820,141          9,791 
                               -------------  ---------  ------------- 
 
LIABILITIES 
          Financial 
           liabilities 
               Loans and 
                borrowings            62,300     62,653            748 
               Lease 
                liabilities           13,962     18,965            226 
               Derivative 
                liabilities                4          1              ^ 
               Other 
                financial 
                liabilities            4,985      5,862             70 
          Deferred tax 
           liabilities                17,467     16,625            198 
          Non-current tax 
           liabilities                37,090     40,122            479 
          Other non-current 
           liabilities                12,970     14,823            177 
                               -------------  ---------  ------------- 
     Total non-current 
      liabilities                    148,778    159,051          1,898 
                               -------------  ---------  ------------- 
          Financial 
          liabilities 
               Loans, 
                borrowings 
                and bank 
                overdrafts            79,166    103,157          1,232 
               Lease 
                liabilities            9,221      8,047             96 
               Derivative 
                liabilities              558      1,064             13 
               Trade payables 
                and accrued 
                expenses              88,566     82,810            989 
               Other 
                financial 
                liabilities            2,272      2,976             36 
          Contract 
           liabilities                17,653     18,439            220 
          Current tax 
           liabilities                21,756     30,599            365 
          Other current 
           liabilities                31,295     32,004            382 
          Provisions                   1,971      1,809             22 
                               -------------  ---------  ------------- 
     Total current 
      liabilities                    252,458    280,905          3,355 
                               -------------  ---------  ------------- 
TOTAL LIABILITIES                    401,236    439,956          5,253 
                               -------------  ---------  ------------- 
 
 
TOTAL EQUITY AND LIABILITIES       1,152,459  1,260,097         15,044 

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