Exhibit 99.4
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 SIX MONTHS ENDED SEPTEMBER 30, 2026
UNDER IFRS (IASB)
(₹ in millions, except share and per share data, unless otherwise stated)
| Particulars |
Three months ended | Six months ended | Year ended | |||||||||||||||||||||||
| September 30, 2026 |
June 30, 2026 |
September 30, 2025 |
September 30, 2026 |
September 30, 2025 |
March 31, 2026 |
|||||||||||||||||||||
| Income | ||||||||||||||||||||||||||
| a) Revenue from operations |
247,527 | 244,786 | 226,973 | 492,313 | 448,319 | 926,240 | ||||||||||||||||||||
| b) Foreign exchange gains/(losses), net |
655 | 779 | 558 | 1,434 | 740 | 1,853 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| I |
Total income | 248,182 | 245,565 | 227,531 | 493,747 | 449,059 | 928,093 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Expenses | ||||||||||||||||||||||||||
| a) Purchases of stock-in-trade |
1,402 | 1,235 | 1,056 | 2,637 | 1,601 | 5,755 | ||||||||||||||||||||
| b) Changes in inventories of stock-in-trade |
35 | (349 | ) | (172 | ) | (314 | ) | (51 | ) | 171 | ||||||||||||||||
| c) Employee benefits expense |
148,370 | 147,531 | 136,163 | 295,901 | 270,438 | 555,855 | ||||||||||||||||||||
| d) Depreciation, amortization and impairment expense |
8,767 | 8,044 | 6,917 | 16,811 | 13,772 | 29,107 | ||||||||||||||||||||
| e) Sub-contracting and technical fees |
28,111 | 28,787 | 26,498 | 56,898 | 52,076 | 107,668 | ||||||||||||||||||||
| f) Facility expenses |
4,454 | 4,313 | 3,519 | 8,767 | 7,717 | 15,886 | ||||||||||||||||||||
| g) Travel |
3,990 | 4,181 | 3,338 | 8,171 | 7,126 | 13,882 | ||||||||||||||||||||
| h) Communication |
902 | 899 | 891 | 1,801 | 1,688 | 3,414 | ||||||||||||||||||||
| i) Legal and professional fees |
2,808 | 3,161 | 2,813 | 5,969 | 4,702 | 10,199 | ||||||||||||||||||||
| j) Software license expense for internal use |
6,314 | 6,303 | 5,253 | 12,617 | 10,214 | 21,720 | ||||||||||||||||||||
| k) Marketing and brand building |
1,299 | 1,153 | 900 | 2,452 | 1,783 | 3,480 | ||||||||||||||||||||
| l) Lifetime expected credit loss/ (write-back) |
(75 | ) | (152 | ) | 1,507 | (227 | ) | 2,009 | 2,838 | |||||||||||||||||
| m) (Gain)/loss on sale of property, plant and equipment, net |
(130 | ) | (139 | ) | (464 | ) | (269 | ) | (530 | ) | (393 | ) | ||||||||||||||
| n) Other expenses |
1,290 | 1,392 | 1,483 | 2,682 | 2,961 | 7,260 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| II |
Total expenses | 207,537 | 206,359 | 189,702 | 413,896 | 375,506 | 776,842 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| III |
Finance expenses | 5,454 | 4,728 | 3,612 | 10,182 | 7,220 | 14,577 | |||||||||||||||||||
| IV |
Finance and other income | 6,770 | 8,872 | 8,455 | 15,642 | 18,872 | 36,491 | |||||||||||||||||||
| V |
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 86 | (5 | ) | 152 | 81 | 202 | 257 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VI |
Profit before tax [I-II-III+IV+V] | 42,047 | 43,345 | 42,824 | 85,392 | 85,407 | 173,422 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VII |
Tax expense | 10,050 | 9,782 | 10,200 | 19,832 | 19,418 | 40,767 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| VIII |
Profit for the period [VI-VII] | 31,997 | 33,563 | 32,624 | 65,560 | 65,989 | 132,655 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Other comprehensive income (OCI) | ||||||||||||||||||||||||||
| Items that will not be reclassified to profit or loss in subsequent periods |
||||||||||||||||||||||||||
| Remeasurements of the defined benefit plans, net |
194 | 392 | 238 | 586 | 9 | 132 | ||||||||||||||||||||
| Net change in fair value of investment in equity instruments measured at fair value through OCI |
921 | 660 | (62 | ) | 1,581 | (63 | ) | (1,448 | ) | |||||||||||||||||
| Items that will be reclassified to profit or loss in subsequent periods |
||||||||||||||||||||||||||
| Foreign currency translation differences |
5,092 | (1,159 | ) | 13,355 | 3,933 | 19,938 | 46,643 | |||||||||||||||||||
| Net change in time value of option contracts designated as cash flow hedges, net of taxes |
(22 | ) | 180 | 58 | 158 | (216 | ) | 55 | ||||||||||||||||||
| Net change in intrinsic value of option contracts designated as cash flow hedges, net of taxes |
(414 | ) | 912 | (744 | ) | 498 | (574 | ) | (1,234 | ) | ||||||||||||||||
1
| Net change in fair value of forward contracts designated as cash flow hedges, net of taxes |
1,733 | 3,767 | (1,772 | ) | 5,500 | (1,773 | ) | (6,015 | ) | |||||||||||||||||
| Net change in fair value of investment in debt instruments measured at fair value through OCI, net of taxes |
(916 | ) | 482 | (565 | ) | (434 | ) | 23 | (2,094 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| IX |
Total other comprehensive income for the period, net of taxes | 6,588 | 5,234 | 10,508 | 11,822 | 17,344 | 36,039 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total comprehensive income for the period [VIII+IX] | 38,585 | 38,797 | 43,132 | 77,382 | 83,333 | 168,694 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| X |
Profit for the period attributable to: | |||||||||||||||||||||||||
| Equity holders of the Company | 32,006 | 33,520 | 32,462 | 65,526 | 65,766 | 131,974 | ||||||||||||||||||||
| Non-controlling interests | (9 | ) | 43 | 162 | 34 | 223 | 681 | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 31,997 | 33,563 | 32,624 | 65,560 | 65,989 | 132,655 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total comprehensive income for the period attributable to: | ||||||||||||||||||||||||||
| Equity holders of the Company | 38,566 | 38,757 | 42,898 | 77,323 | 83,035 | 167,767 | ||||||||||||||||||||
| Non-controlling interests | 19 | 40 | 234 | 59 | 298 | 927 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| 38,585 | 38,797 | 43,132 | 77,382 | 83,333 | 168,694 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| XI |
Paid up equity share capital (Par value ₹ 2 per share) | 19,810 | 19,807 | 20,968 | 19,810 | 20,968 | 20,977 | |||||||||||||||||||
| XII |
Reserves excluding revaluation reserves and Non-controlling interests as per balance sheet | 864,391 | ||||||||||||||||||||||||
| XIII |
Earnings per share (EPS) | |||||||||||||||||||||||||
| (Equity shares of par value of ₹ 2/- each) | ||||||||||||||||||||||||||
| (EPS for the three and six months ended periods are not annualized) |
||||||||||||||||||||||||||
| Basic (in ₹) | 3.23 | 3.20 | 3.10 | 6.43 | 6.28 | 12.60 | ||||||||||||||||||||
| Diluted (in ₹) | 3.23 | 3.20 | 3.09 | 6.43 | 6.26 | 12.56 |
| 1. | The audited consolidated financial results of the Company for the three and six months ended September 30, 2026, have been approved by the Board of Directors of the Company at its meeting held on October 15, 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 six months ended September 30, 2026. |
| 2. | The above consolidated financial results have been prepared on the basis of the audited interim condensed consolidated financial statements for the three and six months ended September 30, 2026, 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 three and six months ended September 30, 2025 and year ended March 31, 2026, includes gain on transfer of building of ₹ (405). |
| 4. | Employee benefits expense includes impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new labour code amounting to ₹ 2,756 for the year ended March 31, 2026. |
| 5. | List of subsidiaries, associate and joint venture as at September 30, 2026 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 | % | |||||||
2
| Capco Consulting Middle East FZE | UAE | 100.00% | ||||||||
| 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% | ||||||||
| 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 Consultoria Ltda | Brazil | 99.99% | ||||||||
| The Capital Markets Company BV (1) | Belgium | 100.00% | ||||||||
| PT. WT Indonesia | Indonesia | 99.60% | ||||||||
| Rainbow Software LLC | Iraq | 100.00% | ||||||||
| Wipro Arabia Co. Limited | Saudi Arabia | 66.67% | ||||||||
| Women’s Business Park Technologies Limited | Saudi Arabia | 100.00% | ||||||||
| Wipro Doha LLC | Qatar | 100.00% | ||||||||
| Wipro Financial Outsourcing Services Limited | U.K. | 100.00% | ||||||||
| Wipro UK Limited | U.K. | 100.00% | ||||||||
| Wipro Gulf LLC | Sultanate of Oman | 99.98% | ||||||||
| Wipro Information Technology Netherlands BV. | Netherlands | 100.00% | ||||||||
| Wipro Gulf LLC | Sultanate of Oman | 0.02% | ||||||||
| 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 LLP | Kazakhstan | 100.00% | ||||||||
| Wipro Outsourcing Services (Ireland) Limited | Ireland | 100.00% | ||||||||
| 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. Sociedad Anonima | Costa Rica | 100.00% | ||||||||
| 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 Headquarters | Saudi Arabia | 100.00% | ||||||||
| Wipro Technologies Australia Pty Ltd | Australia | 100.00% |
3
| 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% | ||||||||
| 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 | China | 100.00% | ||||||||
| Mindsprint Pte Ltd. (4) | Singapore | 100.00% | ||||||||
| Mindsprint Digital India Pvt. Ltd. | India | 99.99% | ||||||||
| Mindsprint UK Limited | UK | 100.00% | ||||||||
| Mindsprint Solutions Company (1) | Saudi Arabia | 100.00% | ||||||||
| Mindsprint Malaysia SDN BHD | Malaysia | 100.00% | ||||||||
| Mindsprint Digital India Pvt. Ltd. (4) | India | 0.01% | ||||||||
| 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. (2) | USA | 80.00% | ||||||||
| Edgile, LLC | USA | 100.00% | ||||||||
| HealthPlan Services, Inc. (1) | USA | 100.00% | ||||||||
| Infocrossing, LLC | USA | 100.00% | ||||||||
| International TechneGroup Incorporated (1) | USA | 100.00% | ||||||||
| Wipro NextGen Enterprise Inc. (1) | USA | 100.00% | ||||||||
| Rizing Intermediate Holdings, Inc. (1) | USA | 100.00% | ||||||||
| 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% | ||||||||
| Wipro Business Services LLC | USA | 100.00% | ||||||||
| The Capital Markets Company, LLC (1) | USA | 100.00% | ||||||||
| Aggne Global IT Services Private Limited (3) | India | 80.00% | ||||||||
| Wipro, Inc. | USA | 100.00% | ||||||||
| Wipro Life Science Solutions, LLC | USA | 100.00% | ||||||||
| Wipro Connected Services, Inc. | USA | 100.00% |
4
| Wipro Connected Services Mauritius Pvt Ltd | Mauritius | 100.00 | % | |||||||
| Connected Services Corporation Wipro India Private Limited | India | 98.40 | % | |||||||
| Connected Services Corporation Wipro India Private Limited | India | 1.60 | % | |||||||
| Wipro Connected Services Engineering Corp. | USA | 100.00 | % | |||||||
| Wipro Connected Services UK Limited | UK | 100.00 | % | |||||||
| Harman Connected Services Morocco | Morocco | 100.00 | % | |||||||
| Wipro Connected Services US Midco LLC | USA | 100.00 | % | |||||||
| Wipro Connected Services AB (Formerly known as 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) | The step-down subsidiary of the Company, Wipro IT Services, LLC has acquired an additional 20% stake in Aggne Global Inc., with effect from June 1, 2026. |
| (3) | The Company has acquired an additional 20% stake in Aggne Global IT Services Private Limited, with effect from June 18, 2026. |
| (4) | The Company, through its subsidiary, has acquired 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries, effective May 15, 2026. |
| (1) | Step Subsidiary details of The Capital Markets Company LLC, 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., Wipro Connected Services AB and Mindsprint Solutions Company are as follows: |
| Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of Incorporation |
Holding | ||||||
| The Capital Markets Company, LLC |
USA | |||||||||
| Capco Consulting Services LLC | USA | 100.00 | % | |||||||
| HealthPlan Services, Inc. | USA | |||||||||
| HealthPlan Services Insurance Agency, LLC | USA | 100.00 | % | |||||||
| International TechneGroup Incorporated |
USA | |||||||||
| 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, Inc. |
USA | |||||||||
| Wipro Lanka (Private) Limited (Formerly known as Rizing Lanka (Private) Limited) | Sri Lanka | 100.00 | % | |||||||
| Attune Netherlands B.V. (5) | Netherlands | 100.00 | % | |||||||
| Rizing Solutions Canada Inc. | Canada | 100.00 | % | |||||||
5
| 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% | ||||||
| Rizing Pte Ltd. (5) | 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 Informatica Ltda | Brazil | 96.84% | ||||||
| Wipro Portugal S.A. |
Portugal | |||||||
| Wipro do Brasil Technologia Ltda | Brazil | 0.56% | ||||||
| Wipro Do Brasil Sistemas De Informatica Ltda | Brazil | 3.09% | ||||||
| Wipro Technologies GmbH | Germany | 85.13% | ||||||
6
| Wipro Business Solutions GmbH (5) | Germany | 100.00% | ||||||
| Wipro IT Services Austria GmbH | Austria | 100.00% | ||||||
| Wipro Connected Services AB (Formerly known as Harman Connected Services AB) | Sweden | |||||||
| Wipro Connected Services Solutions (Chengdu) Co. Ltd. (Formerly known as Harman Connected Services Solutions (Chengdu) Co. Ltd.) |
China | 100.00% | ||||||
| Mindsprint Solutions Company | Saudi Arabia | |||||||
| Mindsprint Inc. | USA | 100.00% |
| (5) | 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 September 30, 2026, 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 |
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.
Effective April 1, 2026, the customers across Latin America and Canada are aligned with the respective industry sectors in Americas 1 and Americas 2. Additionally, Hi-tech sector and airports as a sub-sector for Americas are now subsumed under existing sectors of Americas 1. Prior period comparables are readjusted to reflect this change.
Americas 1 includes the following industry sectors in the United States of America, Latin America and Canada: Communication, Media and Networks, Technology Software and Gaming, Technology New Age, Health and Consumer. Americas 2 includes the following industry sectors in the United States of America, Latin America, and Canada: Banking and Financial Services, Energy, Manufacturing and Resources and Capital Markets and Insurance. 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 AI-powered IT and IT-enabled services including AI advisory, industry & functional consulting, AI native development, customer centric design, modernization, custom application development, infrastructure services, cybersecurity services, data and analytics services, business process services, research and development, and hardware and software design. Through AI-powered, consulting-led solutions, we help our clients transform their businesses to drive better efficiencies and generate new growth opportunities.
7
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.
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 September 30, 2026, June 30, 2026, September 30, 2025, six months ended September 30, 2026, September 30, 2025 and year ended March 31, 2026 are as follows:
| Particulars |
Three months ended | Six months ended | Year ended | |||||||||||||||||||||
| September 30, 2026 |
June 30, 2026 |
September 30, 2025 |
September 30, 2026 |
September 30, 2025 |
March 31, 2026 |
|||||||||||||||||||
| Audited | Audited | Audited | Audited | Audited | Audited | |||||||||||||||||||
| Segment revenue |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
84,985 | 86,087 | 80,556 | 171,072 | 159,595 | 328,118 | ||||||||||||||||||
| Americas 2 |
63,194 | 62,119 | 61,276 | 125,313 | 122,404 | 246,530 | ||||||||||||||||||
| Europe |
67,546 | 66,569 | 59,531 | 134,115 | 116,348 | 244,165 | ||||||||||||||||||
| APMEA |
30,945 | 29,754 | 25,042 | 60,699 | 48,858 | 102,340 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of IT Services |
246,670 | 244,529 | 226,405 | 491,199 | 447,205 | 921,153 | ||||||||||||||||||
| IT Products |
1,512 | 1,036 | 1,126 | 2,548 | 1,854 | 6,940 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment revenue |
248,182 | 245,565 | 227,531 | 493,747 | 449,059 | 928,093 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Segment result |
||||||||||||||||||||||||
| IT Services |
||||||||||||||||||||||||
| Americas 1 |
16,009 | 16,691 | 17,265 | 32,700 | 33,581 | 69,852 | ||||||||||||||||||
| Americas 2 |
11,222 | 9,874 | 11,292 | 21,096 | 23,355 | 46,182 | ||||||||||||||||||
| Europe |
11,309 | 9,047 | 6,962 | 20,356 | 12,988 | 31,083 | ||||||||||||||||||
| APMEA |
4,323 | 4,362 | 3,308 | 8,685 | 6,287 | 14,955 | ||||||||||||||||||
| Unallocated |
(2,137 | ) | (787 | ) | (1,018 | ) | (2,924 | ) | (268 | ) | (3,426 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total of IT Services |
40,726 | 39,187 | 37,809 | 79,913 | 75,943 | 158,646 | ||||||||||||||||||
| IT Products |
(72 | ) | 16 | 101 | (56 | ) | 121 | 559 | ||||||||||||||||
| Reconciling Items |
(9 | ) | 3 | (81 | ) | (6 | ) | (2,511 | ) | (7,954 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total segment result |
40,645 | 39,206 | 37,829 | 79,851 | 73,553 | 151,251 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Finance expenses |
(5,454 | ) | (4,728 | ) | (3,612 | ) | (10,182 | ) | (7,220 | ) | (14,577 | ) | ||||||||||||
| Finance and other income |
6,770 | 8,872 | 8,455 | 15,642 | 18,872 | 36,491 | ||||||||||||||||||
| Share of net profit/ (loss) of associate and joint venture accounted for using the equity method |
86 | (5 | ) | 152 | 81 | 202 | 257 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Profit before tax |
42,047 | 43,345 | 42,824 | 85,392 | 85,407 | 173,422 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Notes:
| a) | “Reconciling Items” includes elimination of inter-segment transactions and other corporate activities. |
| b) | Revenue from sale of the 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 ₹ 655, ₹ 779, and ₹ 558 for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, ₹ 1,434 and ₹ 740 for the six months ended September 30, 2026, September 30, 2025, respectively and ₹ 1,853 for the year ended March 31, 2026, which is reported under foreign exchange gains/(losses), net in the consolidated financial results. |
| d) | Restructuring cost of ₹ Nil for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, and ₹ Nil and ₹ 2,469 for the six months ended September 30, 2026, September 30, 2025, respectively and ₹ 5,139 for the year ended March 31, 2026, is included under Reconciling Items. |
| e) | Impact of past service cost on gratuity and remeasurement of leave encashment due to implementation of new labour code amounting to ₹ 2,756 for the year ended March 31, 2026, is included under Reconciling items. |
| f) | “Unallocated” within IT Services segment results is after recognition of the below: |
8
| Particulars |
Three months ended | Six months ended | Year ended | |||||||||||||||||||||
| September 30, 2026 |
June 30, 2026 |
September 30, 2025 |
September 30, 2026 |
September 30, 2025 |
March 31, 2026 |
|||||||||||||||||||
| Amortization and impairment expenses on intangible assets |
2,840 | 2,407 | 1,670 | 5,247 | 3,295 | 7,787 | ||||||||||||||||||
| Change in fair value of contingent consideration |
— | — | ^ | — | 48 | 49 | ||||||||||||||||||
| ^ | Value is less than 0.5 |
| g) | Segment results of IT Services segment are after recognition of share-based compensation expense ₹ 1,345, ₹ 601 and ₹ 1,264 for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively and ₹ 1,946 and ₹ 1,700 for the six months ended September 30, 2026, September 30, 2025, respectively and ₹ 4,465 for the year ended March 31, 2026. |
| h) | Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and equipment of ₹ (130), ₹ (139) and ₹ (464) for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, respectively, and ₹ (269) and ₹ (530) for the six months ended September 30, 2026, September 30, 2025, respectively and ₹ (393) for the year ended March 31, 2026. |
| 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 ₹ 851, for the year ended March 31, 2026, as part of depreciation, amortization and impairment expense. |
| 8. | Buyback of equity shares |
On April 16, 2026, the Board of Directors approved a proposal to Buyback up to 600,000,000 fully paid-up equity shares of ₹ 2 each (representing up to 5.7% of the number of equity shares in the paid-up equity share capital as at March 31, 2026) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 per equity share for an aggregate amount not exceeding ₹ 150,000 (“Buyback”), in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013 and rules made thereunder (“Buyback Regulations”). Subsequently, the shareholders of the Company approved the Buyback, by way of a special resolution, through a postal ballot.
In accordance with the provisions of the Buyback Regulations, the Letter of offer for the Buyback was filed with SEBI on June 9, 2026, and tender period for Buyback opened on June 11, 2026, and closed on June 17, 2026. The settlement of all valid bids was completed on June 24, 2026, and the equity shares bought back were extinguished on June 25, 2026.
During the six months ended September 30, 2026, the Company concluded the buyback of 600,000,000 equity shares (at a price of ₹ 250 per equity share) as approved by the Board of Directors on April 16, 2026. This has resulted in a total cash outflow of ₹ 150,508 (including transaction costs related to buyback of ₹ 508). In line with the requirement of the Companies Act, 2013, an amount of ₹ 8,457 and ₹ 142,051 has been utilized from share premium and retained earnings respectively. Further, capital redemption reserve (included in other reserves) of ₹ 1,200 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buyback, the paid-up equity share capital has reduced by ₹ 1,200.
| 9. | Audited Consolidated Balance Sheet |
| As at March 31, 2026 | As at September 30, 2026 | |||||||
| ASSETS |
||||||||
| Goodwill |
387,399 | 409,181 | ||||||
| Intangible assets |
29,176 | 49,684 | ||||||
| Property, plant and equipment |
81,787 | 81,507 | ||||||
| Right-of-Use assets |
28,287 | 26,939 | ||||||
| Financial assets |
||||||||
| Investments |
28,053 | 27,727 | ||||||
| Trade receivables |
349 | — | ||||||
| Unbilled receivables |
7,433 | 8,703 | ||||||
| Other financial assets |
6,259 | 7,946 | ||||||
| Investments accounted for using the equity method |
2,126 | 2,228 | ||||||
| Deferred tax assets |
5,242 | 5,620 | ||||||
| Non-current tax assets |
7,787 | 3,858 | ||||||
| Other non-current assets |
9,010 | 8,936 | ||||||
|
|
|
|
|
|||||
| Total non-current assets |
592,908 | 632,329 | ||||||
|
|
|
|
|
|||||
| Inventories |
517 | 835 | ||||||
| Financial assets |
||||||||
| Derivative assets |
888 | 1,726 | ||||||
| Investments |
437,680 | 341,527 | ||||||
| Cash and cash equivalents |
105,555 | 95,016 | ||||||
| Trade receivables |
135,901 | 129,060 | ||||||
| Unbilled receivables |
76,823 | 79,301 | ||||||
| Other financial assets |
10,245 | 13,277 | ||||||
| Contract assets |
14,819 | 16,115 | ||||||
| Current tax assets |
10,762 | 12,178 | ||||||
| Other current assets |
33,164 | 39,146 | ||||||
|
|
|
|
|
|||||
| Total current assets |
826,354 | 728,181 | ||||||
|
|
|
|
|
|||||
| TOTAL ASSETS |
1,419,262 | 1,360,510 | ||||||
|
|
|
|
|
|||||
9
| EQUITY |
||||||||
| Share capital |
20,977 | 19,810 | ||||||
| Share premium |
6,158 | 1,554 | ||||||
| Retained earnings |
735,057 | 641,170 | ||||||
| Share-based payment reserve |
7,920 | 6,013 | ||||||
| Special Economic Zone Re-investment reserve |
25,966 | 21,842 | ||||||
| Other components of equity |
89,290 | 104,440 | ||||||
|
|
|
|
|
|||||
| Equity attributable to the equity holders of the Company |
885,368 | 794,829 | ||||||
| Non-controlling interests |
2,509 | 1,721 | ||||||
|
|
|
|
|
|||||
| TOTAL EQUITY |
887,877 | 796,550 | ||||||
|
|
|
|
|
|||||
| LIABILITIES |
||||||||
| Financial liabilities |
||||||||
| Loans and borrowings |
1,962 | — | ||||||
| Lease liabilities |
26,327 | 26,474 | ||||||
| Accrued expenses |
4,394 | 4,686 | ||||||
| Other financial liabilities |
6,743 | 8,574 | ||||||
| Deferred tax liabilities |
17,266 | 21,677 | ||||||
| Non-current tax liabilities |
48,195 | 45,289 | ||||||
| Other non-current liabilities |
23,042 | 28,920 | ||||||
| Provisions |
224 | 121 | ||||||
|
|
|
|
|
|||||
| Total non-current liabilities |
128,153 | 135,741 | ||||||
|
|
|
|
|
|||||
| Financial liabilities |
||||||||
| Loans, borrowings and bank overdrafts |
165,912 | 185,021 | ||||||
| Lease liabilities |
8,709 | 9,570 | ||||||
| Derivative liabilities |
10,978 | 2,992 | ||||||
| Trade payables and accrued expenses |
94,924 | 99,284 | ||||||
| Other financial liabilities |
11,357 | 5,131 | ||||||
| Contract liabilities |
25,434 | 22,706 | ||||||
| Current tax liabilities |
49,621 | 63,432 | ||||||
| Other current liabilities |
34,801 | 38,951 | ||||||
| Provisions |
1,496 | 1,132 | ||||||
|
|
|
|
|
|||||
| Total current liabilities |
403,232 | 428,219 | ||||||
|
|
|
|
|
|||||
| TOTAL LIABILITIES |
531,385 | 563,960 | ||||||
|
|
|
|
|
|||||
| TOTAL EQUITY AND LIABILITIES |
1,419,262 | 1,360,510 | ||||||
|
|
|
|
|
| 10. | Audited Consolidated Statements of Cash flows |
| Six months ended September 30, | ||||||||
| 2025 | 2026 | |||||||
| Cash flows from operating activities |
||||||||
| Profit for the period |
65,989 | 65,560 | ||||||
| Adjustments to reconcile profit for the period to net cash generated from operating activities: |
||||||||
| Gain on sale of property, plant and equipment, net |
(530 | ) | (269 | ) | ||||
| Depreciation, amortization and impairment expense |
13,772 | 16,811 | ||||||
| Unrealized exchange (gain)/loss, net |
2,587 | (485 | ) | |||||
| Share-based compensation expense |
1,700 | 1,946 | ||||||
| Share of net (profit)/loss of associate and joint venture accounted for using equity method |
(202 | ) | (81 | ) | ||||
| Income tax expense |
19,418 | 19,832 | ||||||
| Finance and other income, net of finance expenses |
(11,652 | ) | (5,460 | ) | ||||
| Change in fair value of contingent consideration |
48 | — | ||||||
| Lifetime expected credit loss/(write-back) |
2,009 | (227 | ) | |||||
| Changes in operating assets and liabilities, net of effects from acquisitions |
||||||||
| (Increase)/Decrease in trade receivables |
(408 | ) | 8,866 | |||||
| (Increase)/Decrease in unbilled receivables and contract assets |
(9,979 | ) | (3,843 | ) | ||||
| (Increase)/Decrease in inventories |
(40 | ) | (320 | ) | ||||
10
| (Increase)/Decrease in other financial assets and other assets |
456 | (2,735 | ) | |||||
| Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions |
1,157 | (33 | ) | |||||
| Increase/(Decrease) in contract liabilities |
920 | (4,346 | ) | |||||
|
|
|
|
|
|||||
| Cash generated from operating activities before taxes |
85,245 | 95,216 | ||||||
| Income taxes (paid), net |
(10,254 | ) | (9,288 | ) | ||||
|
|
|
|
|
|||||
| Net cash generated from operating activities |
74,991 | 85,928 | ||||||
|
|
|
|
|
11
| Cash flows from investing activities: |
||||||||
| Payment for purchase of property, plant and equipment |
(6,114 | ) | (7,640 | ) | ||||
| Proceeds from disposal of property, plant and equipment |
678 | 209 | ||||||
| Payment for purchase of investments |
(438,513 | ) | (572,627 | ) | ||||
| Proceeds from sale of investments |
456,635 | 667,844 | ||||||
| Payment for business acquisitions, net of cash acquired |
— | (32,971 | ) | |||||
| Interest received |
15,366 | 17,471 | ||||||
| Dividend received |
2 | 1 | ||||||
|
|
|
|
|
|||||
| Net cash generated from/(used in) investing activities |
28,054 | 72,287 | ||||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Proceeds from issuance of equity shares and shares pending allotment |
24 | 33 | ||||||
| Repayment of loans and borrowings |
(154,690 | ) | (195,940 | ) | ||||
| Proceeds from loans and borrowings |
118,303 | 211,862 | ||||||
| Payment of lease liabilities including interest |
(5,616 | ) | (6,226 | ) | ||||
| Payment for contingent consideration |
(316 | ) | — | |||||
| Payment of deferred consideration on business combination |
(216 | ) | — | |||||
| Purchase of shares from Non-controlling interest holders |
— | (2,851 | ) | |||||
| Payment for buy back of equity shares, including transaction costs |
— | (150,508 | ) | |||||
| Interest and finance expenses paid |
(3,170 | ) | (5,532 | ) | ||||
| Payment of dividend |
(52,354 | ) | (19,784 | ) | ||||
| Payment of dividend to Non-controlling interest holders |
(569 | ) | (409 | ) | ||||
|
|
|
|
|
|||||
| Net cash generated from/(used) in financing activities |
(98,604 | ) | (169,355 | ) | ||||
|
|
|
|
|
|||||
| Net increase/(decrease) in cash and cash equivalents during the period |
4,441 | (11,140 | ) | |||||
| Effect of exchange rate changes on cash and cash equivalents |
4,422 | 601 | ||||||
| Cash and cash equivalents at the beginning of the period |
121,974 | 105,555 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at the end of the period |
130,837 | 95,016 | ||||||
|
|
|
|
|
| By order of the Board, | For, Wipro Limited | |||
| Place: Bengaluru Date: October 15, 2026 |
Rishad A. Premji Chairman | |||
12