Exhibit 99.5
WIPRO LIMITED
CIN: L32102KA1945PLC020800 ; Registered Office : Wipro Limited, Doddakannelli, Sarjapur Road, Bangalore - 560035, India
Website: www.wipro.com ; Email id – info@wipro.com ; Tel:+91-80-2844 0011 ; Fax:+91-80-2844 0054
STATUTORILY AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED DECEMBER 31, 2018 UNDER IFRS (IASB)
(₹ in millions, except share and per share data, unless otherwise stated)
Particulars | Three months ended | Nine months ended | Year ended | |||||||||||||||||||||||
| December 31, 2018 | September 30, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017 | March 31, 2018 | ||||||||||||||||||||
Income from operations | ||||||||||||||||||||||||||
a) Revenue | 150,595 | 145,410 | 136,690 | 435,782 | 407,185 | 544,871 | ||||||||||||||||||||
b) Other operating income | — | 269 | — | 2,798 | — | — | ||||||||||||||||||||
c) Foreign exchange gains/(losses), net | 911 | 1,217 | 125 | 2,899 | 931 | 1,488 | ||||||||||||||||||||
I | Total income from operations | 151,506 | 146,896 | 136,815 | 441,479 | 408,116 | 546,359 | |||||||||||||||||||
Expenses | ||||||||||||||||||||||||||
a) Purchase ofstock-in-trade | 2,741 | 3,342 | 3,883 | 10,733 | 13,128 | 18,434 | ||||||||||||||||||||
b) (Increase)/Decrease in inventories and stock in trade | 111 | (274 | ) | 719 | (636 | ) | 1,144 | 505 | ||||||||||||||||||
c) Employee benefit expense | 76,129 | 74,216 | 67,409 | 222,387 | 202,463 | 272,223 | ||||||||||||||||||||
d) Depreciation, amortization and impairment | 5,172 | 4,370 | 5,279 | 13,879 | 15,422 | 21,124 | ||||||||||||||||||||
e)Sub-contracting/ technical fees | 24,030 | 24,318 | 21,543 | 70,791 | 63,293 | 84,437 | ||||||||||||||||||||
f) Facility expenses | 5,227 | 5,314 | 5,202 | 16,375 | 15,344 | 21,044 | ||||||||||||||||||||
g) Travel | 4,688 | 4,172 | 4,419 | 13,305 | 13,321 | 17,399 | ||||||||||||||||||||
h) Communication | 1,011 | 1,133 | 1,379 | 3,464 | 4,000 | 5,353 | ||||||||||||||||||||
i) Legal and professional fees | 1,282 | 1,278 | 1,300 | 3,731 | 3,444 | 4,690 | ||||||||||||||||||||
j) Marketing and brand building | 696 | 565 | 902 | 1,970 | 2,394 | 3,140 | ||||||||||||||||||||
k) Other expenses | 1,751 | 7,846 | 5,005 | 12,890 | 9,254 | 13,716 | ||||||||||||||||||||
II | Total expenses | 122,838 | 126,280 | 117,040 | 368,889 | 343,207 | 462,065 | |||||||||||||||||||
III | Finance expenses | 1,627 | 1,569 | 1,231 | 4,845 | 4,266 | 5,830 | |||||||||||||||||||
IV | Finance and Other Income | 5,362 | 5,136 | 6,160 | 15,695 | 19,196 | 23,999 | |||||||||||||||||||
V | Share of profits/(loss) of equity accounted investees | 7 | 20 | 10 | (26 | ) | 14 | 11 | ||||||||||||||||||
VI | Profit before tax[I-II-III+IV+V] | 32,410 | 24,203 | 24,714 | 83,414 | 79,853 | 102,474 | |||||||||||||||||||
VII | Tax expense | 6,966 | 5,347 | 5,355 | 18,178 | 17,775 | 22,390 | |||||||||||||||||||
VIII | Net profit for the period[VI-VII] | 25,444 | 18,856 | 19,359 | 65,236 | 62,078 | 80,084 | |||||||||||||||||||
IX | Total Other comprehensive income | 423 | 2,227 | (1,484 | ) | 15 | (2,559 | ) | (3,109 | ) | ||||||||||||||||
Total comprehensive income for the period [VIII+IX] | 25,867 | 21,083 | 17,875 | 65,251 | 59,519 | 76,975 | ||||||||||||||||||||
X | Profit for the period attributable to: | |||||||||||||||||||||||||
Equity holders of the Company | 25,103 | 18,889 | 19,371 | 65,198 | 62,053 | 80,081 | ||||||||||||||||||||
Non-controlling Interest | 341 | (33 | ) | (12 | ) | 38 | 25 | 3 | ||||||||||||||||||
25,444 | 18,856 | 19,359 | 65,236 | 62,078 | 80,084 | |||||||||||||||||||||
Total comprehensive income for the period attributable to: | ||||||||||||||||||||||||||
Equity holders of the Company | 25,616 | 20,971 | 17,939 | 65,074 | 59,529 | 76,956 | ||||||||||||||||||||
Non-controlling Interest | 251 | 112 | (64 | ) | 177 | (10 | ) | 19 | ||||||||||||||||||
25,867 | 21,083 | 17,875 | 65,251 | 59,519 | 76,975 | |||||||||||||||||||||
XI | Paid up equity share capital (Face value₹ 2 per share) | 9,050 | 9,048 | 9,047 | 9,050 | 9,047 | 9,048 | |||||||||||||||||||
XII | Reserves excluding revaluation reserves and Non Controlling Interest as per balance sheet of previous accounting period | 473,888 | ||||||||||||||||||||||||
XIII | Earnings per share (EPS) | |||||||||||||||||||||||||
(Equity shares of par value of₹ 2/- each) | ||||||||||||||||||||||||||
(EPS for the three and nine months ended periods is not annualized) | ||||||||||||||||||||||||||
Basic (in₹) | 5.57 | 4.19 | 4.03 | 14.47 | 12.85 | 16.86 | ||||||||||||||||||||
Diluted (in₹) | 5.56 | 4.19 | 4.03 | 14.45 | 12.83 | 16.83 |
1
1. | The audited consolidated financial results of the Company for the three and nine months ended December 31, 2018 have been approved by the Board of Directors of the Company at its meeting held on January 18, 2019. The Company confirms that its statutory auditors, Deloitte Haskins & Sells LLP have issued audit reports with unmodified opinion on the consolidated financial results. |
2. | The above consolidated financial results have been prepared from the interim condensed consolidated financial statements, which are prepared in accordance with International Financial Reporting Standards and its interpretations (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). |
3. | Adoption of IFRS 15 – Revenue from Contracts with Customers. |
On April 1, 2018, the company adopted IFRS 15, “Revenue from Contracts with Customers” using the cumulative catch up transition method applied to contracts that were not completed as of April 1, 2018. Accordingly, the comparatives have not been retrospectively adjusted. The adoption of IFRS 15, did not have any material impact on the consolidated results for the three and nine months ended December 31, 2018.
4. | List of subsidiaries and equity accounted investees as at December 31, 2018 are provided in the table below: |
Subsidiaries | Subsidiaries | Subsidiaries | Country of | |||
Wipro LLC | USA | |||||
Wipro Gallagher Solutions, LLC. | USA | |||||
Opus Capital Markets Consultants LLC | USA | |||||
Wipro Promax Analytics Solutions Americas LLC | USA | |||||
Wipro Insurance Solutions LLC | USA | |||||
Wipro IT Services, LLC. | USA | |||||
HealthPlan Services Insurance Agency, LLC. | USA | |||||
HealthPlan Services, Inc. | USA | |||||
Appirio, Inc. ** | USA | |||||
Cooper Software, LLC. | USA | |||||
Infocrossing, LLC | USA | |||||
Wipro Overseas IT Services Pvt. Ltd | India | |||||
Wipro Japan KK | Japan | |||||
Wipro Shanghai Limited | China | |||||
Wipro Trademarks Holding Limited | India | |||||
Wipro Travel Services Limited | India | |||||
Wipro Holdings (UK) Limited | U.K. | |||||
Wipro Digital Aps | Denmark | |||||
Designit A/S ** | Denmark | |||||
Wipro Europe Limited | U.K. | |||||
Wipro UK Limited | U.K. | |||||
Wipro Financial Services UK Limited | U.K. | |||||
Wipro IT Services S.R.L. | Romania | |||||
Wipro Information Technology Austria GmbH | Austria | |||||
Wipro Technologies Austria GmbH | Austria | |||||
NewLogic Technologies SARL | France | |||||
Wipro Cyprus SE | Cyprus | |||||
Wipro Doha LLC # | Qatar | |||||
Wipro Technologies SA DE CV | Mexico | |||||
Wipro Philippines, Inc. | Philippines |
2
Subsidiaries | Subsidiaries | Subsidiaries | Country of | |||
Wipro Holdings Hungary Korlátolt Felelosségu Társaság | Hungary | |||||
Wipro Holdings Investment Korlátolt Felelosségu Társaság | Hungary | |||||
Wipro Technologies SA | Argentina | |||||
Wipro Information Technology Egypt SAE | Egypt | |||||
Wipro Arabia Co. Limited * | Saudi Arabia | |||||
Women’s Business Park Technologies Limited * | Saudi Arabia | |||||
Wipro Poland SP Z.O.O | Poland | |||||
Wipro IT Services Poland SP Z.O.O | Poland | |||||
Wipro Technologies Australia Pty Ltd | Australia | |||||
Wipro Corporate Technologies Ghana Limited | Ghana | |||||
Wipro Technologies South Africa (Proprietary) Limited | South Africa | |||||
Wipro Technologies Nigeria Limited | Nigeria | |||||
Wipro IT Service Ukraine LLC | Ukraine | |||||
Wipro Information Technology Netherlands BV. | Netherlands | |||||
Wipro Portugal S.A. ** | Portugal | |||||
Limited Liability Company Wipro Technologies Limited | Russia | |||||
Wipro Technology Chile SPA | Chile | |||||
Wipro Solutions Canada Limited | �� | Canada | ||||
Wipro Information Technology Kazakhstan LLP | Kazakhstan | |||||
Wipro Technologies W.T. Sociedad Anonima | Costa Rica | |||||
Wipro Outsourcing Services (Ireland) Limited | Ireland | |||||
Wipro Technologies VZ, C.A. | Venezuela | |||||
Wipro Technologies Peru S.A.C | Peru | |||||
Wipro do Brasil Servicos de Tecnologia S.A. | Brazil | |||||
Wipro do Brasil Technologia Ltda ** | Brazil | |||||
Wipro Technologies S.R.L. | Romania | |||||
PT. WT Indonesia | Indonesia | |||||
Wipro (Thailand) Co. Limited | Thailand | |||||
Wipro Bahrain Limited WLL | Bahrain | |||||
Wipro Gulf LLC | Sultanate of Oman | |||||
Rainbow Software LLC | Iraq | |||||
Cellent GmbH | Germany | |||||
Cellent Gmbh ** | Austria | |||||
Wipro Networks Pte Limited | Singapore | |||||
Wipro (Dalian) Limited | China | |||||
Wipro Technologies SDN BHD | Malaysia | |||||
Wipro Chengdu Limited | China | |||||
Appirio India Cloud Solutions Private Limited | India | |||||
Wipro IT Services Bangladesh Limited | Bangladesh | |||||
Wipro HR Services India Private Limited | India | |||||
* | All the above direct subsidiaries are 100% held by the Company except that the Company holds 66.67% of the equity securities of Wipro Arabia Co. Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Co. Limited. |
3
# | 51% of equity securities of Wipro Doha LLC are held by a local shareholder. However, the beneficial interest in these holdings is with the Company. |
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
** | Step Subsidiary details of Wipro Portugal S.A, Wipro do Brasil Technologia Ltda, Designit A/S, Cellent GmbH, and Appirio, Inc. are as follows: |
Subsidiaries | Subsidiaries | Subsidiaries | Country of | |||
Wipro Portugal S.A. | Portugal | |||||
Wipro Technologies GmbH | Germany | |||||
Wipro do Brasil Technologia Ltda | Brazil | |||||
Wipro Do Brasil Sistemetas De Informatica Ltd | Brazil | |||||
Designit A/S | Denmark | |||||
Designit Denmark A/S | Denmark | |||||
Designit Germany GmbH | Germany | |||||
Designit Oslo A/S | Norway | |||||
Designit Sweden AB | Sweden | |||||
Designit T.L.V Ltd. | Israel | |||||
Designit Tokyo Ltd. | Japan | |||||
Denextep Spain Digital, S.L | Spain | |||||
Designit Colombia S A S | Colombia | |||||
Designit Peru SAC | Peru | |||||
Cellent GmbH | Austria | |||||
Frontworx Informations technologie GmbH | Austria | |||||
Appirio, Inc. | USA | |||||
Appirio, K.K | Japan | |||||
Topcoder, LLC. | USA | |||||
Appirio Ltd | Ireland | |||||
Appirio GmbH | Germany | |||||
Apprio Ltd (UK) | U.K. | |||||
Appirio Singapore Pte Ltd | Singapore |
As at December 31, 2018, the Company held 43.7% interest in Drivestream Inc, 33% interest in Denim Group Limited and 33.3% in Denim Group Management, 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 |
5. | Segment Information |
Effective October 1, 2018, we have organized India State Run Enterprises (ISRE) as a separate segment, which was earlier part of IT Services segment.
The Company is now organized by the following operating segments: IT Services, IT Products and India State Run Enterprises (ISRE).
Comparative information has been restated to give effect to the above changes.
IT Services: The IT Services segment primarily consists of IT Service offerings to customers organized by industry verticals. Effective April 1, 2018, consequent to change in organization structure, the Company reorganized its industry verticals. The Manufacturing (MFG) and Technology Business unit (TECH) are split from the former Manufacturing & Technology (MNT) business unit.
The revised industry verticals are as follows: Banking, Financial Services and Insurance (BFSI), Health Business unit (Health BU) previously known as Health Care and Life Sciences Business unit (HLS), Consumer Business unit (CBU), Energy, Natural Resources & Utilities (ENU), Manufacturing (MFG), Technology (TECH) and Communications (COMM). Key
4
service offerings to customers includes software application development and maintenance, research and development services for hardware and software design, business application services, analytics, consulting, infrastructure outsourcing services and business process services.
Comparative information has been restated to give effect to the above changes.
IT Products: The Company is a value added reseller of desktops, servers, notebooks, storage products, networking solutions and packaged 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 the above items is reported as revenue from the sale of IT Products.
India State Run Enterprises (ISRE): This segment consists of IT Services offerings to entities/ departments owned or controlled by Government of India and/ or any State Governments.
The Chairman and Managing Director of the Company has been identified as the Chief Operating Decision Maker (CODM) as defined by IFRS 8, “Operating Segments.” The Chairman 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 segment for the three months ended December 31, 2018, September 30, 2018 and December 31, 2017, and the nine months ended December 31, 2018 and December 31, 2017, and the year ended March 31, 2018 is as follows:
5
Particulars | Three months ended | Nine months ended | Year ended | |||||||||||||||||||||
December 31, 2018 | September 30, 2018 | December 31, 2017 | December 31, 2018 | December 31, 2017 | March 31, 2018 | |||||||||||||||||||
Audited | Audited | Audited | Audited | Audited | Audited | |||||||||||||||||||
Revenue | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 45,979 | 43,246 | 36,849 | 129,219 | 106,364 | 144,139 | ||||||||||||||||||
Health BU | 19,241 | 18,352 | 18,450 | 55,793 | 55,577 | 74,136 | ||||||||||||||||||
CBU | 22,875 | 22,176 | 19,580 | 65,646 | 58,238 | 77,914 | ||||||||||||||||||
ENU | 18,996 | 18,107 | 16,491 | 54,202 | 51,221 | 67,841 | ||||||||||||||||||
TECH | 19,104 | 19,581 | 18,630 | 58,189 | 54,789 | 73,947 | ||||||||||||||||||
MFG | 11,981 | 11,717 | 11,358 | 34,945 | 34,434 | 46,081 | ||||||||||||||||||
COMM | 8,480 | 8,203 | 8,422 | 24,394 | 25,824 | 33,658 | ||||||||||||||||||
Total of IT Services | 146,656 | 141,382 | 129,780 | 422,388 | 386,447 | 517,716 | ||||||||||||||||||
IT Products | 3,145 | 2,876 | 4,498 | 9,553 | 13,829 | 17,998 | ||||||||||||||||||
ISRE | 1,713 | 2,391 | 2,566 | 6,757 | 7,844 | 10,694 | ||||||||||||||||||
Reconciling Items | (8 | ) | (22 | ) | (29 | ) | (17 | ) | (4 | ) | (49 | ) | ||||||||||||
Total Revenue | 151,506 | 146,627 | 136,815 | 438,681 | 408,116 | 546,359 | ||||||||||||||||||
Other operating Income | ||||||||||||||||||||||||
IT Services | — | 269 | — | 2,798 | — | — | ||||||||||||||||||
IT Products | — | — | — | — | — | — | ||||||||||||||||||
ISRE | — | — | — | — | — | — | ||||||||||||||||||
Total Other Operating Income | — | 269 | — | 2,798 | — | — | ||||||||||||||||||
Segment Result | ||||||||||||||||||||||||
IT Services | ||||||||||||||||||||||||
BFSI | 9,095 | 7,867 | 6,777 | 24,182 | 18,293 | 24,549 | ||||||||||||||||||
Health BU | 1,973 | 2,649 | 2,360 | 6,698 | 7,798 | 9,624 | ||||||||||||||||||
CBU | 5,291 | 4,214 | 3,496 | 12,112 | 9,676 | 12,619 | ||||||||||||||||||
ENU | 3,613 | (2,050 | ) | (1,164 | ) | 4,294 | 5,810 | 8,097 | ||||||||||||||||
TECH | 4,177 | 4,644 | 3,740 | 12,885 | 10,963 | 14,680 | ||||||||||||||||||
MFG | 2,391 | 2,276 | 1,937 | 6,065 | 5,268 | 7,007 | ||||||||||||||||||
COMM | 1,578 | 1,074 | 1,330 | 3,411 | 3,985 | 3,236 | ||||||||||||||||||
Unallocated | 976 | 310 | 830 | 1,981 | 2,167 | 3,347 | ||||||||||||||||||
Other Operating Income | — | 269 | — | 2,798 | — | — | ||||||||||||||||||
Total of IT Services | 29,094 | 21,253 | 19,306 | 74,426 | 63,960 | 83,159 | ||||||||||||||||||
IT Products | 212 | (426 | ) | 195 | (954 | ) | 314 | 362 | ||||||||||||||||
ISRE | (686 | ) | (257 | ) | 284 | (1,054 | ) | 330 | 454 | |||||||||||||||
Reconciling Items | 48 | 46 | (10 | ) | 172 | 305 | 319 | |||||||||||||||||
Total | 28,668 | 20,616 | 19,775 | 72,590 | 64,909 | 84,294 | ||||||||||||||||||
Finance Expense | (1,627 | ) | (1,569 | ) | (1,231 | ) | (4,845 | ) | (4,266 | ) | (5,830 | ) | ||||||||||||
Finance and Other Income | 5,362 | 5,136 | 6,160 | 15,695 | 19,196 | 23,999 | ||||||||||||||||||
Share of profit/ (loss) of equity accounted investee | 7 | 20 | 10 | (26 | ) | 14 | 11 | |||||||||||||||||
Profit before tax | 32,410 | 24,203 | 24,714 | 83,414 | 79,853 | 102,474 |
Notes:
a) | “Reconciling items” includes elimination of inter-segment transactions and other corporate activities. |
b) | Revenue from sale of traded cloud based licenses is reported as part of IT Services revenues. |
6
c) | For the purpose of segment reporting, the Company has included the impact of “foreign exchange gains / (losses), net” in revenues amounting to₹ 911,₹ 1,217 and₹ 125 for the three months ended December 31, 2018, September 30, 2018 and December 31, 2017, respectively and₹ 2,899 and₹ 931 for the nine months ended December 31, 2018 and December 31, 2017, respectively and₹ 1,488 for the year ended March 31, 2018, which is reported as a part of operating profit in the statement of income. |
d) | For evaluating performance of the individual operating segments, stock compensation expense is allocated on the basis of straight line amortization. The differential impact of accelerated amortization of stock compensation expense, over stock compensation expense allocated to the individual operating segments is reported in reconciling items. |
e) | The Company generally offers multi-year payment terms in certain total outsourcing contracts. These payment terms primarily relate to IT hardware, software and certain transformation services in outsourcing contracts. The finance income on deferred consideration earned under these contracts is included in the revenue of the respective segment and is eliminated under reconciling items. |
f) | Segment results for COMM and ENU industry vertical for year ended March 31, 2018 is after considering the impact of provision for impairment of receivables and deferred contract costs of₹ 4,612, consequent to insolvency of two of our customers. |
g) | Net gain from the sale of hosted data center services business and disposal of Wipro Airport IT Services Limited, amounting₹ 2,798, is included as part of IT services segment result for nine months ended December 31, 2018, respectively. |
h) | Segment results for ENU industry vertical for the period nine months ended December 31, 2018, is after considering the impact of₹ 5,141 ($ 75) paid to National Grid on settlement of a legal claim against the Company. |
i) | Segment results for Health BU industry vertical for the period three and nine months ended December 31, 2018, is after considering the impact of₹ 835 is after considering the impact of impairment on certain intangible assets recognized on acquisitions. |
6. | Other operating income |
Sale of hosted data center services business: During the nine months ended December 31, 2018, the Company has concluded the divestment of its hosted data center services business.
The calculation of the gain on sale is shown below:
Particulars | Total | |||
Cash considerations (net of disposal costs₹ 660) | ₹ | 25,098 | ||
Less: Carrying amount of net assets disposed (including goodwill of₹ 13,009) | (26,418 | ) | ||
Add: Reclassification of exchange difference on foreign currency translation | 4,131 | |||
Gain on sale | ₹ | 2,811 |
In accordance with the sale agreement, total cash consideration is₹ 27,790 and the Company paid₹ 3,766 to subscribe for units issued by the buyer. Units amounting to₹ 2,032 are callable by the buyer if certain business targets committed by the Company are not met over a period of three years. The fair value of these callable units is estimated to be insignificant as at reporting date. Consequently, the sale consideration accounted of₹ 24,024 and units amounting to₹ 1,734 units issued by the buyer.
Loss of control in subsidiary: During the nine months ended December 31, 2018, the Company has reduced its equity holding from 74% to 11% in Wipro Airport IT Services Limited. The loss/ gain on this transaction is insignificant.
7
7. | As part of a customer contract with Alight LLC, Wipro has acquired Alight HR Services India Private Limited (currently known as Wipro HR Services India Private Limited) for a consideration of₹ 8,275 (USD 117). Considering the terms and conditions of the agreement, the Company has concluded that this transaction does not meet the definition of Business under IFRS 3. The transaction was consummated on September 1, 2018. Net assets taken over was₹ 4,128. The excess of consideration paid and net assets taken over is accounted as ‘costs to obtain contract’, which will be amortized over the tenure of the contract as reduction in revenues. |
8. | Events after the reporting period |
The Board of Directors in their meeting held on January 18, 2019, declared an interim dividend of₹ 1 (US $ 0.01) per equity share and ADR (50% on an equity share of par value of₹ 2)
Further, the Board of Directors approved issue of bonus shares, commonly known as issue of stock dividend in the US, in the proportion of 1:3, i.e. 1 (one) bonus equity share of₹ 2 each for every 3 (three) fullypaid-up equity shares held (including ADS holders) as on the record date, subject to approval by the Members of the Company through Postal Ballot. The bonus issue, if approved, will not affect the ratio of ADSs to equity shares, such that each ADS after the bonus issue will continue to represent one equity share of par value of₹ 2 per share. On completion of bonus issue, the Earnings Per Share for all periods presented will be adjusted retrospectively.
By order of the Board, | For, Wipro Limited | |
Azim H Premji | ||
Place: Bengaluru Date: January 18, 2019 | Executive Chairman & Managing Director |
8