EX-99.3 4 d216158dex993.htm EX-99.3

Exhibit 99.3

NGALPU BusinessLinc WDNSUAY JULY 20•2016 CIN: L32102KA1945PLC020800 Registered Office:

Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560 035, India

Website: www.wipro.com

Email id: info@wipro.com

Tel: +91-80-2844 0011

Fax: +91-80-2844 0054

Extract of audited financial results of Wipro Limited and its Subsidiaries for the Quarter ended June 30, 2016

11 Net Profit under Previous GAAP attributable to Equity holders of the Company

Non-controlling interest

Net profit under Previous GAAP

Place: Bangalore Date: July 19, 2016

By Order of the Board,

For Wipro Ltd.

Azim H Premji

Chairman & Managing Director

(302)

846 (36) (40)

83

(133)

13 22,074 21,918 156 Wipro Limited

Regd. Office: Doddakanneli,

Sarjapur Road, Bangalore- 560035 www.wipro.com

Consolidated Audited Financial Results of Wipro Limited under IFRS

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

W1PRO

Applying Thought

Particulars

Quarter ended

June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

Total income from operations (net)

136,976

516,307

123,706

Net Profit / (Loss) before tax, exceptional and extraordinary items

26,711

114,933

28,031

Net Profit / (Loss) before tax but after exceptional and extraordinary items

26,711

114,933

28,031

Net Profit / (Loss) after tax, exceptional and extraordinary items

20,589

89,567

22,073

Total Comprehensive Income after tax

23,806

92,472

21,063

Equity Share Capital

4,941

4,941

4,938

Reserves excluding Revaluation Reserve

484,367

460,219

423,631

Earnings Per Share (after

extraordinary items) (of 2/- each)

Basic:

Diluted:

8.35

8.33

36.26

36.19

8.92

8.91

Effect of transition to md AS

Impact of retrospective application of md AS 103

Employee benefits

Share based compensation expense

Expected credit loss provisions

Fair valuation of investments

Tax impact on above, net

Others

Profit for the period under md AS attributable to Equity holders of the Company

Non-controlling interest

Audited Standalone Financial Results of Wipro Limited under md AS

The audited consolidated interim financial results of the Company for the quarter ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Financial Results of Wipro Limited under md AS

The condensed interim financial results are prepared in accordance with Indian Accounting Standards (md 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 md AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

Upto the year ended March31, 2016, the Company prepared its financial results in accordance with the requirements of the Previous OAAP (i.e. Indian QAAP), which included Standards notified under the Companies (Accounting Standards) Rules, 2006. These are the Company’s first Ind AS financial results. The date of transition to Ind AS is April 1, 2015.

Audited Consolidated Financial results under md AS

Quarter ended June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

operations (net) 115,875

446,808

107,754

tax, exceptional and 25,951

105,942

26,418

tax but after 25,951

extraordinary items

105,942

26,418

tax, exceptional and 20,077

82,005

20,630

Income after tax 21,744

79,144

18,017

4,941

4,941

4,938

Revaluation Reserve 429,496

407,316

379,969

extraordinary items)

8.17

8.15

33.38

33.31

8.40

8.38

The audited interim financial results of the Company for the quarter and year ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliations between Previous GAAP and hid AS

(i) Equity reconciliations

Quarter ended June 30, 2016

Year ended

March 31, 2016

Quarter ended

June 30, 2015

operations (net) 136,976

516,307

123,706

before tax, 26,711

extraordinary items

114,937

28,032

before taxbut after 26,711

extraordinary items

114,937

28,032

after tax, 20,590

extraordinary items

89,571

22,074

Income after tax 23,736

92,268

21,000

4,941

4,941

4,938

Revaluation 480,573

456,495

420,037

(after extraordinary

8.35

8.33

36.26

36.19

8.92

8.91

The audited consolidated interim financial results (under Ind AS) of the Company for the quarter ended June 30, 2016 have been approved by the Board of Directors of the Company at its meeting held on July 19, 2016. The statutory auditors have expressed an unqualified audit opinion.

Reconciliations between Previous GAAP and Ind AS

i) Reconciliation of equity:

Asat

Mar 31’20l6

Asat Asat

June 30’2015 April l’2015

As reported under Previous GAAP

409,052

364,152 346,216

Effect of transition to mnd AS

Proposed Dividend (md Dividend distribution tax)

2,974

20,739 20,739

mmpact on adoption of Ind AS 109

Expected credit loss recognized

(1,347)

(1,226) (1,186)

Change in fair valuation of investments

2,135

1,344 1,338

Intangible amortization

(368)

(319) (302)

Tax impact

(337)

2 (475)

Others

148

215 55

Equity as per md AS

412,257

384,907 366,385

(ii) Net Profit

Three months ended June 30, 2015

Net Profit under Previous GAAP

19,982

mnd AS Adjustments

846

Employee benefits

Stock Compensation

(36)

Depreciation, amortization and impairment change

(16)

Change in fair valuation of investments

83

Expected credit loss recognized

(40)

Tax impact

(50)

Others

(39)

Net Profit under md AS

20,630

Asat

March 31, 2016

Asat Asat

June 30, 2015 April 1, 2015

Equity under Previous GAAP attributable to

Equity holders of the Company

446,886

391,532 370,902

Non-controlling interest

2,224

1,827 1,646

Total equity under Previous (JAAP

449,110

393,359 372,566

Effect of transition to mnd AS

Impact of application of Ind AS 103 to past

9,930

11,347 11,253

business combinations

Fair valuation of investments

2,135

1,344 1,338

Impairment for expected credit loss

(1,404)

(1,283) (1,243)

Dividend and tax on dividend

2,959

20,656 20,656

Incremental deferred tax recognized, net

543

994 454

Others

387

385 260

Equity under mnd AS

463,660

426,802 405,284

Attributable to

Equity holders of the Company

461,436

424,975 403,638

Non-controlling interest

2,224

1,827 1,646

is) Reconciliation of Net Profit:

Three months ended June 30, 2015

Note:

The above is an extract of the detailed lbrmat of Quarterly Financial Results ified with the Stock Exchanges under

Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The thil format of the

Quarterly Financial Results are available on the Bombay Sto& Exchange website (URL www.bseindia.com/corporates),

the National Stock Exchange website (URL: www.nseindia.com/coroorates) and on the Company’s website

( URL: www.wioro.com).

en

0

.1

21,331

312

21,643

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