.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 |
Nine months ended |
Year ended | |||||||||||
| December |
September |
December |
December |
December |
March 31, | |||||||||
| Income | ||||||||||||||
| a) Revenue from operations |
235,558 | 226,973 | 223,188 | 683,877 | 665,842 | 890,884 | ||||||||
| b) Foreign exchange gains/(losses), net |
788 | 558 | 410 | 1,528 | (192) | 32 | ||||||||
|
|
|
|
|
|
| |||||||||
| I |
Total income |
236,346 | 227,531 | 223,598 | 685,405 | 665,650 | 890,916 | |||||||
|
|
|
|
|
|
| |||||||||
| Expenses |
||||||||||||||
| a) Purchases of stock-in-trade |
2,476 | 1,056 | 459 | 4,077 | 2,157 | 2,967 | ||||||||
| b) Changes in inventories of stock-in-trade |
(15) | (172) | 318 | (66) | 164 | 195 | ||||||||
| c) Employee benefits expense |
142,009 | 136,163 | 133,035 | 412,447 | 400,023 | 533,477 | ||||||||
| d) Depreciation, amortization and impairment |
||||||||||||||
| expense |
8,050 | 6,917 | 6,765 | 21,822 | 22,362 | 29,579 | ||||||||
| e) Sub-contracting and technical fees |
27,667 | 26,498 | 25,903 | 79,743 | 75,252 | 100,148 | ||||||||
| f) Facility expenses |
4,087 | 3,519 | 3,884 | 11,804 | 11,954 | 16,067 | ||||||||
| g) Travel |
3,054 | 3,338 | 3,164 | 10,180 | 10,937 | 14,095 | ||||||||
| h) Communication |
831 | 891 | 871 | 2,519 | 2,943 | 3,842 | ||||||||
| i) Legal and professional fees |
2,836 | 2,813 | 2,842 | 7,538 | 8,137 | 11,270 | ||||||||
| j) Software license expense for internal use |
5,701 | 5,253 | 5,080 | 15,915 | 14,387 | 19,338 | ||||||||
| k) Marketing and brand building |
774 | 900 | 1,032 | 2,557 | 2,674 | 3,591 | ||||||||
| l) Lifetime expected credit loss/ (write-back) |
973 | 1,507 | (608) | 2,982 | (41) | 324 | ||||||||
| m) (Gain)/loss on sale of property, plant and |
||||||||||||||
| equipment, net |
(33) | (464) | 77 | (563) | (766) | (606) | ||||||||
| n) Other expenses |
2,201 | 1,483 | 1,810 | 5,162 | 3,283 | 5,358 | ||||||||
|
|
|
|
|
|
| |||||||||
| II |
Total expenses |
200,611 | 189,702 | 184,632 | 576,117 | 553,466 | 739,645 | |||||||
|
|
|
|
|
|
| |||||||||
| III |
Finance expenses |
3,656 | 3,612 | 4,146 | 10,876 | 11,003 | 14,770 | |||||||
| IV |
Finance and other income |
9,232 | 8,455 | 9,708 | 28,104 | 26,383 | 38,202 | |||||||
| 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] |
41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | |||||||
|
|
|
|
|
|
| |||||||||
| VII |
Tax expense |
9,889 | 10,200 | 10,866 | 29,307 | 31,228 | 42,777 | |||||||
|
|
|
|
|
|
| |||||||||
| VIII |
Profit for the period [VI-VII] |
31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||
|
|
|
|
|
|
| |||||||||
| Other comprehensive income (OCI) |
||||||||||||||
| Items that will not be reclassified to profit or loss in subsequent periods |
||||||||||||||
| Remeasurements of the defined benefit plans, net |
(240) | 238 | (231) | (231) | 150 | 274 | ||||||||
| Net change in fair value of investment in equity instruments measured at fair value through OCI |
(422) | (62) | (367) | (485) | (533) | (3,476) | ||||||||
| Items that will be reclassified to profit or loss in subsequent periods |
||||||||||||||
| Foreign currency translation differences |
5,050 | 13,355 | 1,853 | 24,988 | 5,569 | 7,331 | ||||||||
| Reclassification of foreign currency translation differences on liquidation of subsidiaries to statement of income |
— | — | 1 | — | 14 | (41) | ||||||||
| Net change in time value of option contracts designated as cash flow hedges, net of taxes |
139 | 58 | 269 | (77) | (95) | (189) | ||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes |
59 | (744) | (171) | (515) | (189) | 146 | ||||||||
| Net change in fair value of forward contracts designated as cash flow hedges, net of taxes |
(560) | (1,772) | (1,100) | (2,333) | (1,555) | (745) | ||||||||
| 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 | ||||||||
1
| IX |
Total other comprehensive income for the period, net of taxes | 3,531 | 10,508 | 291 | 20,875 | 3,972 | 4,263 | |||||||
|
|
|
|
|
|
| |||||||||
| Total comprehensive income for the period [VIII+IX] | 34,981 | 43,132 | 33,958 | 118,314 | 100,271 | 136,443 | ||||||||
|
|
|
|
|
|
| |||||||||
| X |
Profit for the period attributable to: | |||||||||||||
| Equity holders of the Company | 31,190 | 32,462 | 33,538 | 96,956 | 95,658 | 131,354 | ||||||||
| Non-controlling interests | 260 | 162 | 129 | 483 | 641 | 826 | ||||||||
|
|
|
|
|
|
| |||||||||
| 31,450 | 32,624 | 33,667 | 97,439 | 96,299 | 132,180 | |||||||||
|
|
|
|
|
|
| |||||||||
| Total comprehensive income for the period attributable to: | ||||||||||||||
| Equity holders of the Company | 34,695 | 42,898 | 33,783 | 117,730 | 99,590 | 135,595 | ||||||||
| Non-controlling interests | 286 | 234 | 175 | 584 | 681 | 848 | ||||||||
|
|
|
|
|
|
| |||||||||
| 34,981 | 43,132 | 33,958 | 118,314 | 100,271 | 136,443 | |||||||||
|
|
|
|
|
|
| |||||||||
| XI | Paid up equity share capital (Par value ₹ 2 per share) | 20,974 | 20,968 | 20,938 | 20,974 | 20,938 | 20,944 | |||||||
|
|
|
|
|
|
| |||||||||
| XII | Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet |
807,365 | ||||||||||||
|
| ||||||||||||||
| XIII | Earnings per share (EPS) | |||||||||||||
| (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 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. 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 (2) |
||||||||
| 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% | ||||||
2
| 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 BV (1) | 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 (1) | Brazil |
99.44% | ||||||
| Wipro Information Technology | Kazakhstan |
100.00% | ||||||
| Kazakhstan LLP | ||||||||
| Wipro Outsourcing Services | Ireland |
100.00% | ||||||
| (Ireland) Limited | ||||||||
| Wipro Portugal S.A. (1) | 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 (1) | 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% |
3
| 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 (3) |
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. (1) | USA |
100.00% | ||||||
| Edgile, LLC | USA |
100.00% | ||||||
| HealthPlan Services, Inc. (1) | USA |
100.00% | ||||||
| Infocrossing, LLC | USA |
100.00% | ||||||
| International TechneGroup | USA |
100.00% | ||||||
| Incorporated (1) | ||||||||
| Wipro NextGen Enterprise Inc. (1) | USA |
100.00% | ||||||
| Rizing Intermediate Holdings, | USA |
100.00% | ||||||
| Inc. (1) | ||||||||
| Wipro Appirio, Inc. (1) | USA |
100.00% | ||||||
| Wipro Designit Services, Inc. (1) | 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.) (4) (5) | ||||||||
| 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% |
4
| Wipro Connected Services US |
USA |
100.00% | ||||||
| Midco LLC (Formerly known as |
||||||||
| Harman Connected Services US |
||||||||
| Midco LLC) |
||||||||
| Harman Connected Services AB (1) | 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.
| (2) | 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. |
| (3) | Wipro (Tianjin) Limited has been incorporated with effect from May 23, 2025, which is 100% held by Wipro Networks Pte Limited. |
| (4) | The Company, through its subsidiaries, has acquired 100% shareholding in Harman Connected Services Inc. and its subsidiaries, effective December 1, 2025. |
| (5) | Wipro Digital Inc., a wholly owned subsidiary, has merged with Harman Connected Services Inc., a step-down subsidiary, effective December 1, 2025. |
| (1) | 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 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. (6) | 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% | ||||||||
5
| Rizing Consulting USA, LLC (Formerly known as Rizing Consulting USA, Inc.) | USA | 100.00% | ||||||||
| Rizing Pte Ltd. (6) | Singapore | 100.00% | ||||||||
| The Capital Markets Company BV |
Belgium | |||||||||
| 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 (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 (6) | 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. |
6
| (6) | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd. and Wipro Business Solutions GmbH are as follows: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
|
Country of 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.
| 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.
7
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:
| Three months ended | Nine months ended | Year ended |
||||||||||||||||||||||
| Particulars |
December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
||||||||||||||||||
| Audited | Audited | Audited | Audited | Audited | Audited | |||||||||||||||||||
| Segment revenue |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
77,809 | 74,821 | 72,010 | 225,727 | 208,103 | 281,824 | ||||||||||||||||||
| Americas 2 |
67,708 | 67,011 | 68,120 | 201,789 | 203,390 | 271,972 | ||||||||||||||||||
| Europe |
62,405 | 59,531 | 59,282 | 178,753 | 181,525 | 240,077 | ||||||||||||||||||
| APMEA |
25,859 | 25,042 | 23,439 | 74,717 | 70,753 | 94,351 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of IT Services |
233,781 | 226,405 | 222,851 | 680,986 | 663,771 | 888,224 | ||||||||||||||||||
| IT Products |
2,565 | 1,126 | 747 | 4,419 | 1,879 | 2,692 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment revenue |
236,346 | 227,531 | 223,598 | 685,405 | 665,650 | 890,916 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Segment result |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
16,409 | 15,435 | 14,966 | 46,838 | 41,991 | 58,186 | ||||||||||||||||||
| Americas 2 |
14,450 | 13,122 | 15,275 | 40,957 | 45,813 | 61,326 | ||||||||||||||||||
| Europe |
8,003 | 6,962 | 7,600 | 20,991 | 21,294 | 29,434 | ||||||||||||||||||
| APMEA |
3,583 | 3,308 | 3,667 | 9,870 | 9,178 | 12,850 | ||||||||||||||||||
| Unallocated |
(1,259 | ) | (1,018 | ) | (2,518 | ) | (1,527 | ) | (5,907 | ) | (10,157 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of IT Services |
41,186 | 37,809 | 38,990 | 117,129 | 112,369 | 151,639 | ||||||||||||||||||
| IT Products |
227 | 101 | 29 | 348 | (201 | ) | (173 | ) | ||||||||||||||||
| Reconciling Items |
(5,678 | ) | (81 | ) | (53 | ) | (8,189 | ) | 16 | (195 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment result |
35,735 | 37,829 | 38,966 | 109,288 | 112,184 | 151,271 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Finance expenses |
(3,656 | ) | (3,612 | ) | (4,146 | ) | (10,876 | ) | (11,003 | ) | (14,770 | ) | ||||||||||||
| Finance and other income |
9,232 | 8,455 | 9,708 | 28,104 | 26,383 | 38,202 | ||||||||||||||||||
| 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 |
41,339 | 42,824 | 44,533 | 126,746 | 127,527 | 174,957 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
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: |
| Three months ended | Nine months ended | Year ended | ||||||||||||||||||||||
| December 31, 2025 |
September 30, 2025 |
December 31, 2024 |
December 31, 2025 |
December 31, 2024 |
March 31, 2025 |
|||||||||||||||||||
| Amortization and impairment expenses on intangible assets |
2,652 | 1,670 | 1,577 | 5,947 | 6,278 | 7,909 | ||||||||||||||||||
| Change in fair value of contingent consideration |
^ | ^ | — | 48 | (167 | ) | (169 | ) | ||||||||||||||||
| ^ | Value is less than 0.5 |
8
| 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. |
| 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 /-).
| By order of the Board, | For, Wipro Limited | |||
| Place: Bengaluru Date: January 16, 2026 |
Rishad A. Premji Chairman | |||
9