Exhibit 99.3
Extract of audited financial results of Wipro Limited and its subsidiaries for the quarter ended March 31, 2019
Consolidated Audited Financial Results of Wipro Limited under IFRS
(₹ in millions, except share and per share data, unless otherwise stated)
Particulars | Quarter ended March 31, 2019 | Year ended March 31, 2019 | Quarter ended March 31, 2018 | |||||||||
Total income from operations (net) | 151,925 | 593,404 | 138,243 | |||||||||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 32,001 | 115,415 | 22,621 | |||||||||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 32,001 | 115,415 | 22,621 | |||||||||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 24,937 | 90,173 | 18,006 | |||||||||
Total Comprehensive Income after tax | 25,945 | 91,196 | 17,456 | |||||||||
Equity Share Capital | 12,068 | 12,068 | 9,048 | |||||||||
Reserves excluding Revaluation Reserve | 556,048 | 556,048 | 473,888 | |||||||||
Earnings Per Share (after extraordinary items) (of₹ 2/- each) | ||||||||||||
Basic: | 4.13 | 14.99 | 3.00 | |||||||||
Diluted: | 4.12 | 14.95 | 3.00 | |||||||||
The audited interim consolidated financial results of the Company for the three months and year ended March 31, 2019 have been approved by the Board of Directors of the Company at its meeting held on April 16, 2019. The statutory auditors have expressed an unmodified audit opinion.
Financial Results of Wipro Limited under Ind AS
The interim condensed financial results are prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
These financial statements, are prepared in accordance with Ind AS.
Consolidated Audited Financial Results of Wipro Limited under Ind AS
Particulars | Quarter ended March 31, 2019 | Year ended March 31, 2019 | Quarter ended March 31, 2018 | |||||||||
Total income from operations (net) | 151,609 | 590,189 | 137,686 | |||||||||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 32,003 | 115,422 | 22,623 | |||||||||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 32,003 | 115,422 | 22,623 | |||||||||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 24,939 | 90,179 | 18,008 | |||||||||
Total Comprehensive Income after tax | 25,979 | 90,979 | 17,386 | |||||||||
Equity Share Capital | 12,068 | 12,068 | 9,048 | |||||||||
Reserves excluding Revaluation Reserve | 552,158 | 552,158 | 470,215 | |||||||||
Earnings Per Share (after extraordinary items) (of₹ 2/- each) | ||||||||||||
Basic: | 4.13 | 14.99 | 3.00 | |||||||||
Diluted: | 4.12 | 14.95 | 3.00 | |||||||||
The audited interim consolidated financial results (under Ind AS) of the Company for the three months and year ended March 31, 2019 have been approved by the Board of Directors of the Company at its meeting held on April 16, 2019. The statutory auditors have expressed an unmodified audit opinion.
Standalone Audited Financial Results of Wipro Limited under Ind AS
Particulars | Quarter ended March 31, 2019 | Year ended March 31, 2019 | Quarter ended March 31, 2018 | |||||||||
Total income from operations (net) | 123,958 | 481,238 | 114,340 | |||||||||
Net Profit / (Loss) before tax, exceptional and extraordinary items | 21,828 | 98,705 | 22,183 | |||||||||
Net Profit / (Loss) before tax but after exceptional and extraordinary items | 21,828 | 98,705 | 22,183 | |||||||||
Net Profit / (Loss) after tax, exceptional and extraordinary items | 15,660 | 76,140 | 17,572 | |||||||||
Total Comprehensive Income after tax | 17,286 | 77,386 | 14,392 | |||||||||
Equity Share Capital | 12,068 | 12,068 | 9,048 | |||||||||
Reserves excluding Revaluation Reserve | 481,852 | 481,852 | 413,578 | |||||||||
Earnings Per Share (after extraordinary items) (of₹ 2/- each) | ||||||||||||
Basic: | 2.61 | 12.67 | 2.93 | |||||||||
Diluted: | 2.60 | 12.64 | 2.92 | |||||||||
The audited interim financial results of the Company for the three months and year ended March 31, 2019 have been approved by the Board of Directors of the Company at its meeting held on April 16, 2019. 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 April 16, 2019, the Board of Directors approved a buyback proposal, subject to the approval of shareholders through postal ballot, for purchase by the Company of up to 323,076,923 equity shares of₹ 2 each (representing 5.35% of totalpaid-up equity share capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of₹ 325 per equity share for an aggregate amount not exceeding₹ 105,000 million in accordance with the provisions of the Companies Act, 2013 and the SEBI(Buy-Back of Securities) Regulations, 2018. |
| By Order of the Board, | ||
| For Wipro Ltd. | ||
| Place: Bengaluru | Azim H Premji | |
| Date: April 16, 2019 | Chairman & Managing Director |
Registered Office: Wipro Limited, Doddakanneli, Sarjapur Road, Bengaluru-560 035, India
Website:www.wipro.com | Email id:info@wipro.com | Tel:+91-80-2844 0011 | Fax:+91-80-2844 0054
CIN: L32102KA1945PLC020800