Exhibit 99.3
Wipro Limited
Extract of audited financial results of Wipro Limited and its subsidiaries for the Quarter ended September 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 September 30, 2017
| Six months ended September 30, 2017
| Quarter ended September 30, 2016
| |||
Total income from operations (net)
| 134,687
| 271,301
| 138,938
| |||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 28,321 | 55,139 | 26,648 | |||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 28,321 | 55,139 | 26,648 | |||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 21,895 | 42,719 | 20,739 | |||
Total Comprehensive Income after tax | 21,469 | 41,644 | 21,554 | |||
Equity Share Capital | 9,733 | 9,733 | 4,861 | |||
Reserves excluding Revaluation Reserve | 552,717 | 552,717 | 478,466 | |||
Earnings Per Share (after extraordinary items) (of₹ 2/- each) | ||||||
Basic: | 4.52 | 8.81 | 4.27 | |||
Diluted: | 4.52 | 8.80 | 4.26 | |||
The audited interim consolidated financial results of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. 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.
Audited Consolidated Financial results under Ind AS
| ||||||
Particulars | Quarter ended September 30, 2017
| Six months ended September 30, 2017
| Quarter ended September 30, 2016
| |||
Total income from operations (net)
| 134,234
| 270,495
| 137,657
| |||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 28,323 | 55,143 | 26,681 | |||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 28,323 | 55,143 | 26,681 | |||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 21,896 | 42,722 | 20,771 | |||
Total Comprehensive Income after tax | 21,432 | 41,623 | 21,636 | |||
Equity Share Capital | 9,733 | 9,733 | 4,861 | |||
Reserves excluding Revaluation Reserve | 549,094 | 549,094 | 474,767 | |||
Earnings Per Share (after extraordinary items ) (of₹ 2/- each) | ||||||
Basic: | 4.52 | 8.81 | 4.28 | |||
Diluted: | 4.52 | 8.80 | 4.27 |
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
The audited interim consolidated financial results (under Ind AS) of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. The statutory auditors have expressed an unmodified audit opinion.
Standalone Audited Financial Results of Wipro Limited under Ind AS
Particulars | Quarter ended September 30, 2017
| Six months ended September 30, 2017
| Quarter ended September 30, 2016
| |||
Total income from operations (net)
| 110,505
| 222,033
| 114,538
| |||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 27,601 | 53,676 | 25,147 | |||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 27,601 | 53,676 | 25,147 | |||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 21,343 | 41,611 | 19,321 | |||
Total Comprehensive Income after tax | 18,507 | 37,418 | 21,546 | |||
Equity Share Capital | 9,733 | 9,733 | 4,861 | |||
Reserves excluding Revaluation Reserve | 495,294 | 495,294 | 423,614 | |||
Earnings Per Share (after extraordinary items) (of₹ 2/- each) | ||||||
Basic: | 4.40 | 8.58 | 3.99 | |||
Diluted: | 4.40 | 8.58 | 3.98 |
The audited interim financial results of the Company for the quarter ended September 30, 2017 have been approved by the Board of Directors of the Company at its meeting held on October 17, 2017. 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. | On July 20, 2017, the Board of Directors approved a buyback proposal for purchase by the Company of up to 343.75 million shares of₹2 each (representing 7.06% of totalpaid-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. The buyback proposal was also approved by the shareholders through postal ballot, the results of which were declared on August 30, 2017. Buy back offer period will commence on completion of regulatory requirements |
By Order of the Board, | Wipro Limited | |||
For Wipro Ltd. | Regd. Office: Doddakanneli, | |||
Place: Bangalore | Azim H Premji | Sarjapur Road, Bangalore- 560035 | ||
Date: October 17, 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