Wipro Announces Results for the Quarter Ended December 31, 2024

WIPRO LIMITED AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(Rs in millions, except share and per share data, unless otherwise stated)

 

 

 

 

As at March 31, 2024

 

As at December 31, 2024

 

 

 

 

 

Convenience translation into

US dollar in millions

(unaudited) Refer to Note 2(iii)

ASSETS

 

Goodwill

 

 

                         316,002 

 

                                                      324,686 

 

                                      3,795 

Intangible assets

 

 

                           32,748 

 

                           29,101 

 

                                         340 

Property, plant and equipment

 

 

                           81,608 

 

                           77,760 

 

                                         909 

Right-of-Use assets

 

 

                           17,955 

 

                           21,886 

 

                                         256 

Financial assets

 

 

 

 

 

 

 

Derivative assets 

 

 

                                  25 

 

                                   –   

 

                                            –   

Investments 

 

 

                           21,629 

 

                           30,100 

 

                                         352 

Trade receivables 

 

 

                             4,045 

 

                                599 

 

                                             7 

Other financial assets

 

 

                             5,550 

 

                             5,039 

 

                                           59 

Investments accounted for

using the equity method

 

 

                             1,044 

 

                             1,034 

 

                                           12 

Deferred tax assets

 

 

                             1,817 

 

                             1,811 

 

                                           21 

Non-current tax assets

 

 

                             9,043 

 

                             7,861 

 

                                           92 

Other non-current assets

 

 

                           10,331 

 

                             7,424 

 

                                           87 

Total non-current assets

 

 

                         501,797 

 

                         507,301 

 

                                      5,930 

Inventories

 

 

                                907 

 

                                724 

 

                                             8 

Financial assets

 

 

 

 

 

 

 

Derivative assets

 

 

                             1,333 

 

                                859 

 

                                           10 

Investments

 

 

                         311,171 

 

                         436,108 

 

                                      5,098 

Cash and cash equivalents

 

 

                           96,953 

 

                         125,744 

 

                                      1,470 

Trade receivables

 

 

                         115,477 

 

                         114,616 

 

                                      1,340 

Unbilled receivables

 

 

                           58,345 

 

                           58,775 

 

                                         686 

Other financial assets 

 

 

                           10,536 

 

                             9,107 

 

                                         106 

Contract assets

 

 

                           19,854 

 

                           14,205 

 

                                         166 

Current tax assets

 

                             6,484 

 

                             5,868 

 

                                           69 

Other current assets

 

 

                           29,602 

 

                           28,712 

 

                                         336 

Total current assets

 

 

                         650,662 

 

                         794,718 

 

                                      9,289 

 

 

 

 

 

 

TOTAL ASSETS

 

 

                      1,152,459 

 

                      1,302,019 

 

                                    15,219 

 

EQUITY

 

 

 

 

 

 

 

Share capital

 

 

                           10,450 

 

                           20,938 

 

                                         245 

Share premium

 

 

                             3,291 

 

                             1,921 

 

                                           22 

Retained earnings

 

 

                         630,936 

 

                         733,625 

 

                                      8,576 

Share-based payment reserve

 

 

                             6,384 

 

                             6,496 

 

                                           76 

Special Economic Zone

re-investment reserve

 

 

                           42,129 

 

                           31,905 

 

                                         373 

Other components of equity

 

 

                           56,693 

 

                           58,964 

 

                                         689 

Equity attributable to the

equity holders of the Company

 

 

                         749,883 

 

                         853,849 

 

                                      9,981 

Non-controlling interests

 

 

                             1,340 

 

                             1,963 

 

                                           23 

TOTAL EQUITY

 

 

                         751,223 

 

                         855,812 

 

                                    10,004 

 

LIABILITIES

 

 

 

 

 

 

 

Financial liabilities

 

 

 

 

 

 

 

Loans and borrowings

 

 

                           62,300 

 

                           64,034 

 

                                         748 

Lease liabilities 

 

 

                           13,962 

 

                           18,783 

 

                                         220 

Derivative liabilities   

 

 

                                    4 

 

                                    5 

 

 ^ 

Other financial liabilities

 

 

                             4,985 

 

                             7,825 

 

                                           91 

Deferred tax liabilities

 

 

                           17,467 

 

                           16,813 

 

                                         197 

Non-current tax liabilities

 

 

                           37,090 

 

                           41,330 

 

                                         483 

Other non-current liabilities

 

 

                           12,970 

 

                           16,161 

 

                                         189 

Provisions 

 

 

                                   –   

 

                                381 

 

                                             4 

 Total non-current liabilities 

 

 

                         148,778 

 

                         165,332 

 

                                      1,932 

Financial liabilities

 

 

 

 

 

 

 

Loans, borrowings

and bank overdrafts

 

 

                           79,166 

 

                         102,638 

 

                                      1,200 

Lease liabilities

 

 

                             9,221 

 

                             8,104 

 

                                           95 

Derivative liabilities

 

 

                                558 

 

                             2,947 

 

                                           34 

Trade payables and

accrued expenses

 

 

                           88,566 

 

                           81,200 

 

                                         949 

Other financial liabilities 

 

 

                             2,272 

 

                             3,110 

 

                                           36 

Contract liabilities

 

 

                           17,653 

 

                           21,413 

 

                                         250 

Current tax liabilities

 

 

                           21,756 

 

                           30,301 

 

                                         354 

Other current liabilities

 

 

                           31,295 

 

                           29,664 

 

                                         347 

Provisions

 

 

                             1,971 

 

                             1,498 

 

                                           18 

Total current liabilities

 

 

                         252,458 

 

                         280,875 

 

                                      3,283 

TOTAL LIABILITIES

 

 

                         401,236 

 

                         446,207 

 

                                      5,215 

 

TOTAL EQUITY AND LIABILITIES

 

 

                      1,152,459 

 

                      1,302,019 

 

                                    15,219