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 and ₹ 1,434 and ₹ 740 for the six months ended September 30, 2026, September 30, 2025 and ₹ 1,853 for the year ended March 31, 2026, which is reported as a part of Other income 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 and 2025, respectively and ₹ 5,139 for the year ended March 31, 2026, respectively, 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: |
| 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 |
|---|
| Amortisation 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 |
|---|
| 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 2025 and ₹ 4,465 for the year ended March 31, 2026, respectively. |
| 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, respectively. |
| 8. | Decline in revenue and earnings estimates led to revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognised on business combinations. Consequently, the Company has recognised impairment charge of ₹ 851 for the year ended March 31, 2026, as part of depreciation, amortisation and impairment expense. |
| 9. | 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 thepaid-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 utilised from securities premium and retained earnings respectively. Further, capital redemption reserve 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, thepaid-up equity share capital has reduced by₹ 1,200
| 10. | Audited Consolidated Balance Sheet |
| As at |
|---|
| September 30, 2026 | March 31, 2026 |
|---|
| ASSETS |
|---|
| Non-current assets |
|---|
| Property, plant and equipment | 75,349 | 77,224 |
|---|
| Right-of-Use assets | 26,939 | 28,287 |
|---|
| Capital work-in-progress | 5,957 | 4,122 |
|---|
| Goodwill | 403,938 | 382,214 |
|---|
| Other Intangible assets | 49,684 | 29,176 |
|---|
| Investments accounted for using the equity method | 2,228 | 2,126 |
|---|
| Financial assets |
|---|
| Investments | 27,727 | 28,053 |
|---|
| Trade receivables | — | 349 |
|---|
| Unbilled receivables | 8,703 | 7,433 |
|---|
| Other financial assets | 7,946 | 6,259 |
|---|
| Deferred tax assets (net) | 5,620 | 5,242 |
|---|
| Non-current tax assets (net) | 3,858 | 7,787 |
|---|
| Other non-current assets | 9,137 | 9,451 |
|---|
| Total non-current assets | 627,086 | 587,723 |
|---|
| Current assets |
|---|
| Inventories | 835 | 517 |
|---|
| Financial assets |
|---|
| Investments | 341,527 | 437,680 |
|---|
| Derivative assets | 1,726 | 888 |
|---|
| Trade receivables | 129,060 | 135,901 |
|---|
| Unbilled receivables | 79,301 | 76,823 |
|---|
| Cash and cash equivalents | 95,016 | 105,555 |
|---|
| Other financial assets | 13,277 | 10,245 |
|---|
| Current tax assets (net) | 12,178 | 10,762 |
|---|
| Contract assets | 16,115 | 14,819 |
|---|
| Other current assets | 39,146 | 33,164 |
|---|
| Total current assets | 728,181 | 826,354 |
|---|
| TOTAL ASSETS | 1,355,267 | 1,414,077 |
|---|
| EQUITY AND LIABILITIES |
|---|
| EQUITY |
|---|
| Equity share capital | 19,810 | 20,977 |
|---|
| Other equity | 769,776 | 859,206 |
|---|
| Equity attributable to the equity holders of the Company | 789,586 | 880,183 |
|---|
| Non-controlling interests | 1,721 | 2,509 |
|---|
| TOTAL EQUITY | 791,307 | 882,692 |
|---|
| LIABILITIES |
|---|
| Non-current liabilities |
|---|
| Financial liabilities |
|---|
| Borrowings | — | 1,962 |
|---|
| Lease liabilities | 26,474 | 26,327 |
|---|
| Trade payables | 4,686 | 4,394 |
|---|
| Other financial liabilities | 8,574 | 6,743 |
|---|
| Provisions | 5,445 | 5,389 |
|---|
| Deferred tax liabilities (net) | 21,677 | 17,266 |
|---|
| Non-current tax liabilities (net) | 45,289 | 48,195 |
|---|
| Other non-current liabilities | 23,596 | 17,877 |
|---|
| Total non-current liabilities | 135,741 | 128,153 |
|---|
| Current liabilities |
|---|
| Financial liabilities |
|---|
| Borrowings | 185,021 | 165,912 |
|---|
| Lease liabilities | 9,570 | 8,709 |
|---|
| Derivative liabilities | 2,992 | 10,978 |
|---|
| Trade payables | 69,709 | 62,894 |
|---|
| Other financial liabilities | 34,706 | 43,387 |
|---|
| Contract liabilities | 22,706 | 25,434 |
|---|
| Other current liabilities | 18,957 | 16,834 |
|---|
| Provisions | 21,126 | 19,463 |
|---|
| Current tax liabilities (net) | 63,432 | 49,621 |
|---|
| Total current liabilities | 428,219 | 403,232 |
|---|
| TOTAL LIABILITIES | 563,960 | 531,385 |
|---|
| TOTAL EQUITY AND LIABILITIES | 1,355,267 | 1,414,077 |
|---|
| 11. | Audited Statement of Cash Flows |
| Six months ended September 30, |
|---|
| 2026 | 2025 |
|---|
| Cash flows from operating activities |
|---|
| Profit for the period | 65,560 | 65,989 |
|---|
| Adjustments to reconcile profit for the period to net cash generated from operating activities |
|---|
| Gain on sale of property, plant and equipment, net | (269) | (530) |
|---|
| Depreciation, amortisation and impairment expense | 16,811 | 13,772 |
|---|
| Unrealised exchange (gain)/loss, net | (485) | 2,587 |
|---|
| Share-based compensation expense | 1,946 | 1,700 |
|---|
| Share of net (profit)/loss of associate and joint venture accounted for using equity method | (81) | (202) |
|---|
| Income tax expense | 19,832 | 19,418 |
|---|
| Finance and other income, net of finance costs | (5,460) | (11,652) |
|---|
| Change in fair value of contingent consideration | — | 48 |
|---|
| Lifetime expected credit loss/(write-back) | (227) | 2,009 |
|---|
| Changes in operating assets and liabilities, net of effects from acquisitions |
|---|
| (Increase)/Decrease in trade receivables | 8,866 | (408) |
|---|
| (Increase)/Decrease in unbilled receivables and contract assets | (3,843) | (9,979) |
|---|
| (Increase)/Decrease in inventories | (320) | (40) |
|---|
| (Increase)/Decrease in other financial assets and other assets | (2,735) | 456 |
|---|
| Increase/(Decrease) in trade payables, other financial liabilities, other liabilities and provisions | (33) | 1,157 |
|---|
| Increase/(Decrease) in contract liabilities | (4,346) | 920 |
|---|
| Cash generated from operating activities before taxes | 95,216 | 85,245 |
|---|
| Income taxes (paid), net | (9,288) | (10,254) |
|---|
| Net cash generated from operating activities | 85,928 | 74,991 |
|---|
| Cash flows from investing activities: |
|---|
| Payment for purchase of property, plant and equipment | (7,640) | (6,114) |
|---|
| Proceeds from disposal of property, plant and equipment | 209 | 678 |
|---|
| Payment for purchase of investments | (572,627) | (438,513) |
|---|
| Proceeds from sale of investments | 667,844 | 456,635 |
|---|
| Payment for business acquisitions including deposits and escrow, net of cash acquired | (32,971) | — |
|---|
| Interest received | 17,471 | 15,366 |
|---|
| Dividend received | 1 | 2 |
|---|
| Net cash generated from/(used in) investing activities | 72,287 | 28,054 |
|---|
| Cash flows from financing activities: |
|---|
| Proceeds from issuance of equity shares and shares pending allotment | 33 | 24 |
|---|
| Repayment of borrowings | (195,940) | (154,690) |
|---|
| Proceeds from borrowings | 211,862 | 118,303 |
|---|
| Payment of lease liabilities including interest | (6,226) | (5,616) |
|---|
| 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 costs paid | (5,532) | (3,170) |
|---|
| Payment of dividend | (19,784) | (52,354) |
|---|
| Payment of dividend to Non-controlling interest holders | (409) | (569) |
|---|
| Net cash generated from/(used) in financing activities | (169,355) | (98,604) |
|---|
| Net increase/(decrease) in cash and cash equivalents during the period | (11,140) | 4,441 |
|---|
| Effect of exchange rate changes on cash and cash equivalents | 601 | 4,422 |
|---|
| Cash and cash equivalents at the beginning of the period | 105,555 | 121,974 |
|---|
| Cash and cash equivalents at the end of the period | 95,016 | 130,837 |
|---|
| By order of the Board, | For. Wipro Limited |
|---|
| /s/ Rishad A. Premji |
| Place: Bengaluru | Rishad A. Premji |
|---|
| Date: October 15, 2026 | Chairman |
|---|
Chartered Accountants 13 to 22nd floor, Prestige Trade Tower, 46, Palace Road, Sampangiram Nagar, Bengaluru Urban Bengaluru-560001 Karnataka, India
