EX-99.3 4 d553426dex993.htm EX-99.3

Exhibit 99.3

Wipro Limited

Extract of audited financial results of Wipro Limited and its subsidiaries for the quarter ended December 31, 2019

Consolidated Audited Financial Results of Wipro Limited under IFRS

|  | (₹ in millions, except share and per share data, unless otherwise stated) |
Particulars |  | Quarter ended December 31, 2019 |  |  | Nine months ended December 31, 2019 |  |  | Quarter ended December 31, 2018 |
Total income from operations (net) |  |  | 155,432 |  |  |  | 456,047 |  |  |  | 151,506 |
Net Profit / (Loss) before tax, exceptional and extraordinary items |  |  | 30,793 |  |  |  | 92,856 |  |  |  | 32,410 |
Net Profit / (Loss) before tax but after exceptional and extraordinary items |  |  | 30,793 |  |  |  | 92,856 |  |  |  | 32,410 |
Net Profit / (Loss) after tax, exceptional and extraordinary items |  |  | 24,629 |  |  |  | 74,262 |  |  |  | 25,444 |
Total Comprehensive Income after tax |  |  | 24,926 |  |  |  | 77,151 |  |  |  | 25,867 |
Equity Share Capital |  |  | 11,426 |  |  |  | 11,426 |  |  |  | 9,050 |
Reserves excluding Revaluation Reserve |  |  | 528,228 |  |  |  | 528,228 |  |  |  | 538,066 |
Earnings Per Share (after extraordinary items) (of ₹ 2/- each) |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  | 4.31 |  |  |  | 12.58 |  |  |  | 4.18 |
Diluted: |  |  | 4.30 |  |  |  | 12.55 |  |  |  | 4.17 |

The audited interim consolidated financial results of the Company for the three and nine months ended December 31, 2019, have been approved by the Board of Directors of the Company at its meeting held on January 14, 2020. The statutory auditors have expressed an unmodified 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.

Consolidated Audited Financial Results of Wipro Limited under Ind AS

Particulars |  | Quarter ended December 31, 2019 |  |  | Nine months ended December 31, 2019 |  |  | Quarter ended December 31, 2018 |
Total income from operations (net) |  |  | 154,705 |  |  |  | 453,871 |  |  |  | 150,595 |
Net Profit / (Loss) before tax, exceptional and extraordinary items |  |  | 30,794 |  |  |  | 92,861 |  |  |  | 32,412 |
Net Profit / (Loss) before tax but after exceptional and extraordinary items |  |  | 30,794 |  |  |  | 92,861 |  |  |  | 32,412 |
Net Profit / (Loss) after tax, exceptional and extraordinary items |  |  | 24,630 |  |  |  | 74,266 |  |  |  | 25,445 |
Total Comprehensive Income after tax |  |  | 24,897 |  |  |  | 77,031 |  |  |  | 26,020 |
Equity Share Capital |  |  | 11,426 |  |  |  | 11,426 |  |  |  | 9,050 |
Reserves excluding Revaluation Reserve |  |  | 524,219 |  |  |  | 524,219 |  |  |  | 534,142 |
Earnings Per Share (after extraordinary items) (of ₹ 2/- each) |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  | 4.31 |  |  |  | 12.58 |  |  |  | 4.18 |
Diluted: |  |  | 4.30 |  |  |  | 12.55 |  |  |  | 4.17 |

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054

The audited interim consolidated financial results (under Ind AS) of the Company for the three and nine months ended December 31, 2019, have been approved by the Board of Directors of the Company at its meeting held on January 14, 2020. The statutory auditors have expressed an unmodified audit opinion.

Standalone Audited Financial Results of Wipro Limited under Ind AS

Particulars |  | Quarter ended December 31, 2019 |  |  | Nine months ended December 31, 2019 |  |  | Quarter ended December 31, 2018 |
Total income from operations (net) |  |  | 126,959 |  |  |  | 372,798 |  |  |  | 121,387 |
Net Profit / (Loss) before tax, exceptional and extraordinary items |  |  | 28,327 |  |  |  | 82,450 |  |  |  | 30,990 |
Net Profit / (Loss) before tax but after exceptional and extraordinary items |  |  | 28,327 |  |  |  | 82,450 |  |  |  | 30,990 |
Net Profit / (Loss) after tax, exceptional and extraordinary items |  |  | 22,613 |  |  |  | 65,224 |  |  |  | 25,184 |
Total Comprehensive Income after tax |  |  | 20,196 |  |  |  | 63,658 |  |  |  | 30,332 |
Equity Share Capital |  |  | 11,426 |  |  |  | 11,426 |  |  |  | 9,050 |
Reserves excluding Revaluation Reserve |  |  | 441,347 |  |  |  | 441,347 |  |  |  | 472,482 |
Earnings Per Share (after extraordinary items) (of ₹ 2/- each) |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  | 3.95 |  |  |  | 11.09 |  |  |  | 4.19 |
Diluted: |  |  | 3.95 |  |  |  | 11.07 |  |  |  | 4.18 |

The audited interim financial results of the Company for the three and nine months ended December 31, 2019, have been approved by the Board of Directors of the Company at its meeting held on January 14, 2020. The statutory auditors have expressed an unmodified 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. | The Board of Directors in their meeting held on January 14, 2020, declared an interim dividend of ₹ 1/- (US$ 0.01) per equity share and ADR (50% on an equity share of par value of ₹ 2/-)

|  | By Order of the Board,
|  | For Wipro Ltd.
Place: Bengaluru |  | Rishad A Premji |  | Abidali Z Neemuchwala
Date: January 14, 2020 |  | Chairman |  | Chief Executive Officer and Managing Director

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

Website: www.wipro.com; Email Id- Info@wipro.com; Tel: +91-80-2844 0011; Fax: +91-80-2844 0054