EX-99.3 4 d428195dex993.htm EX-99.3

Exhibit 99.3

Wipro Limited Extract of audited financial results of Wipro Limited and its subsidiaries for the Quarter ended June 30, 2017 Consolidated Audited Financial Results of Wipro Limited under IFRS (‘in millions, except share and per share data, unless otherwise stated) Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 136,614 558,261 136,976 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,818 110,356 26,711 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,818 110,356 26,711 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,824 85,143 20,589 Total Comprehensive Income after tax 20,174 87,241 23,806 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 5,30,984 515,443 484,367 Earnings Per Share (after extraordinary items) (of ‘ 2/- each) Basic: Diluted: 4.29 4.28 17.48 17.43 4.17 4.16 The audited interim consolidated financial results of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Financial Results of Wipro Limited under IND AS The interim condensed financial results are prepared in accordance with Indian Accounting Standards (Ind 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 Ind 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. These financial statements, are prepared in accordance with Ind AS. Audited Consolidated Financial results under Ind AS Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 136,261 554,484 135,992 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,820 110,393 26,711 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,820 110,393 26,711 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,826 85,179 20,590 Total Comprehensive Income after tax 20,191 87,363 23,736 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 527,399 511,841 4,80,585 Earnings Per Share (after extraordinary items ) (of ‘ 2/- each) Basic: Diluted: 4.29 4.28 17.49 17.43 4.18 4.16 The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Standalone Audited Financial Results of Wipro Limited under Ind AS Particulars Quarter ended June 30, 2017 Year ended March 31, 2017 Quarter ended June 30, 2016 Total income from operations (net) 111,528 460,478 115,875 Net Profit / (Loss) before tax, exceptional and extraordinary items 26,075 106,871 25,951 Net Profit / (Loss) before tax but after exceptional and extraordinary items 26,075 106,871 25,951 Net Profit / (Loss) after tax, exceptional and extraordinary items 20,268 81,617 20,077 Total Comprehensive Income after tax 18,911 86,771 21,744 Equity Share Capital 9,732 4,861 4,941 Reserves excluding Revaluation Reserve 476,521 462,195 429,496 Earnings Per Share (after extraordinary items) (of ‘ 2/- each) Basic: Diluted: 4.18 4.18 16.80 16.75 4.09 4.08 The audited interim financial results of the Company for the quarter ended June 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on July 20, 2017. The statutory auditors have expressed an unqualified audit opinion. Notes: 1. The above is an extract of the detailed format of Quarterly Financial Results filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Financial Results are available on the Bombay Stock Exchange website (URL: www.bseindia.com/corporates), the National Stock Exchange website (URL: www.nseindia.com/corporates) and on the Company’s website (URL: www.wipro.com). 2. On July 20, 2017, the Board of Directors approved a buyback proposal, subject to the approval of shareholders of the Company through postal ballot, for purchase by the Company of up to 343.75 million shares of 2 each (representing 7.06% of total paid-up equity capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of 320 per equity share for an aggregate amount not exceeding 110,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations,1998 By Order of the Board, Wipro Limited For Wipro Ltd. Regd. Office: Doddakanneli, Place: Bangalore Azim H Premji Sarjapur Road, Bangalore- 560035 Date: July 20, 2017 Chairman & Managing Director www.wipro.com CIN: L32102KA1945PLC020800; Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bangalore-560035, India Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054