附錄 99.4
WIPRO 限量版
硬幣: L32102KA1945PLC020800;註冊辦事處:印度班加羅爾薩爾賈布爾路多達坎內利的Wipro Limited——560035
網站: www.wipro.com;電子郵件ID — info@wipro.com;電話: +91-80-2844 0011; 傳真: +91-80-2844 0054
截至2024年9月30日的三個月和六個月經法定審計的合併財務業績
根據國際財務報告準則(國際會計準則理事會)
(₹以百萬計,股票和每股數據除外,除非另有說明)
三個月結束了 | 六個月已結束 | 年底已結束 | ||||||||||||||||||||||||
細節 |
九月 30, 2024 |
6月30日 2024 |
九月 30, 2023 |
九月 30, 2024 |
九月 30, 2023 |
三月三十一日 2024 |
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收入 | ||||||||||||||||||||||||||
a) 運營收入 |
223,016 | 219,638 | 225,159 | 442,654 | 453,469 | 897,603 | ||||||||||||||||||||
b) 外匯收益/(虧損),淨額 |
(396 | ) | (206 | ) | 268 | (602 | ) | 206 | 340 | |||||||||||||||||
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I |
總收入 | 222,620 | 219,432 | 225,427 | 442,052 | 453,675 | 897,943 | |||||||||||||||||||
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開支 | ||||||||||||||||||||||||||
a) 購買 交易中的股票 |
1,034 | 664 | 576 | 1,698 | 1,554 | 3,832 | ||||||||||||||||||||
b) 庫存的變化 交易中的股票 |
(152 | ) | (2 | ) | 920 | (154 | ) | 738 | 278 | |||||||||||||||||
c) 員工福利支出 |
134,695 | 132,293 | 138,536 | 266,988 | 278,812 | 549,301 | ||||||||||||||||||||
d) 折舊、攤銷和減值費用 |
8,308 | 7,289 | 8,970 | 15,597 | 16,350 | 34,071 | ||||||||||||||||||||
e) 分包合同 和技術費用 |
24,582 | 24,767 | 26,547 | 49,349 | 52,932 | 103,030 | ||||||||||||||||||||
f) 設施費用 |
3,937 | 4,133 | 3,815 | 8,070 | 7,267 | 14,556 | ||||||||||||||||||||
g) 旅行 |
3,836 | 3,937 | 4,049 | 7,773 | 8,224 | 15,102 | ||||||||||||||||||||
h) 溝通 |
1,079 | 993 | 1,360 | 2,072 | 2,609 | 4,878 | ||||||||||||||||||||
i) 法律和專業費用 |
3,013 | 2,282 | 2,507 | 5,295 | 4,758 | 9,559 | ||||||||||||||||||||
j) 內部使用的軟件許可費用 |
4,702 | 4,605 | 4,701 | 9,307 | 9,308 | 18,378 | ||||||||||||||||||||
k) 營銷和品牌建設 |
838 | 804 | 880 | 1,642 | 1,857 | 3,555 | ||||||||||||||||||||
l) 終身預期信用損失/(回寫) |
593 | (26 | ) | 139 | 567 | 439 | 640 | |||||||||||||||||||
m) 出售財產、廠房和設備的(收益)/虧損,淨額 |
(820 | ) | (23 | ) | (2,320 | ) | (843 | ) | (2,242 | ) | (2,072 | ) | ||||||||||||||
n) 其他費用 |
(174 | ) | 1,647 | 1,402 | 1,473 | 3,208 | 6,736 | |||||||||||||||||||
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II |
支出總額 | 185,471 | 183,363 | 192,082 | 368,834 | 385,814 | 761,844 | |||||||||||||||||||
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III |
財務費用 | 3,569 | 3,288 | 3,033 | 6,857 | 6,119 | 12,552 | |||||||||||||||||||
IV |
財務和其他收入 | 9,195 | 7,480 | 4,810 | 16,675 | 11,352 | 23,896 | |||||||||||||||||||
V |
使用權益法覈算的聯營企業和合資企業的淨利潤/(虧損)份額 | 3 | (45 | ) | (30 | ) | (42 | ) | (27 | ) | (233 | ) | ||||||||||||||
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VI |
稅前利潤 [I-II-III+IV+V] | 42,778 | 40,216 | 35,092 | 82,994 | 73,067 | 147,210 | |||||||||||||||||||
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VII |
稅收支出 | 10,512 | 9,850 | 8,419 | 20,362 | 17,534 | 36,089 | |||||||||||||||||||
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VIII |
該期間的利潤 [VI-VII] | 32,266 | 30,366 | 26,673 | 62,632 | 55,533 | 111,121 | |||||||||||||||||||
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其他綜合收益(OCI) | ||||||||||||||||||||||||||
在後續時期內不會被重新歸類爲損益的項目 |
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重新衡量固定福利計劃,淨額 |
323 | 58 | 51 | 381 | 6 | 82 | ||||||||||||||||||||
通過OCI以公允價值計量的股票工具投資公允價值的淨變動 |
153 | (319 | ) | (124 | ) | (166 | ) | (108 | ) | (473 | ) | |||||||||||||||
將在後續時期重新歸類爲損益的項目 |
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外幣折算差額 |
5,115 | (1,399 | ) | 1,824 | 3,716 | 1,462 | 4,219 | |||||||||||||||||||
將子公司清算的外幣折算差額重新歸類爲財務報表 收入 |
13 | ^ | (183 | ) | 13 | (181 | ) | (198 | ) | |||||||||||||||||
被指定爲現金流套期保值的期權合約的時間價值淨變化,扣除稅款 |
(368 | ) | 4 | 211 | (364 | ) | 251 | 198 | ||||||||||||||||||
被指定爲現金流套期保值的期權合約的內在價值淨變化,扣除稅款 |
(103 | ) | 85 | (311 | ) | (18 | ) | 201 | 128 | |||||||||||||||||
被指定爲現金流套期保值的遠期合約的公允價值淨變動,扣除稅款 |
(673 | ) | 218 | (62 | ) | (455 | ) | 1,586 | 1,655 | |||||||||||||||||
通過OCI以公允價值計量的債務工具投資公允價值的淨變動,扣除稅款 |
390 | 184 | 297 | 574 | 1,336 | 1,516 |
1
IX |
期間其他全面收入總額,稅後 | 4,850 | (1,169 | ) | 1,703 | 3,681 | 4,553 | 7,127 | ||||||||||||||||||
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期間總全面收入 [VIII+IX] | 37,116 | 29,197 | 28,376 | 66,313 | 60,086 | 118,248 | ||||||||||||||||||||
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X |
歸屬於本公司期間利潤: | |||||||||||||||||||||||||
公司股權持有者 | 32,088 | 30,032 | 26,463 | 62,120 | 55,164 | 110,452 | ||||||||||||||||||||
非控制權益 其他權益 | 178 | 334 | 210 | 512 | 369 | 669 | ||||||||||||||||||||
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32,266 | 30,366 | 26,673 | 62,632 | 55,533 | 111,121 | |||||||||||||||||||||
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應閱讀上述綜合收入的合併中期報表時,請參閱相關附註。 | ||||||||||||||||||||||||||
公司股權持有者 | 36,942 | 28,865 | 28,169 | 65,807 | 59,809 | 117,744 | ||||||||||||||||||||
非控制權益 其他權益 | 174 | 332 | 207 | 506 | 277 | 504 | ||||||||||||||||||||
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37,116 | 29,197 | 28,376 | 66,313 | 60,086 | 118,248 | |||||||||||||||||||||
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XI |
已繳股本(面值 ₹ 2 每股) | 10,463 | 10,460 | 10,444 | 10,463 | 10,444 | 10,450 | |||||||||||||||||||
XII |
儲備金(重估儲備及 非控制權益 負債和佔比要求 | 739,433 | ||||||||||||||||||||||||
XIII |
每股收益(EPS) | |||||||||||||||||||||||||
(每股面值爲 ₹ 2/-每股) | ||||||||||||||||||||||||||
(截至各個三個月及六個月的EPS未經年化) | ||||||||||||||||||||||||||
基本(單位: ₹) | 6.14 | 5.75 | 5.06 | 11.89 | 10.30 | 20.89 | ||||||||||||||||||||
攤薄(單位: ₹) | 6.12 | 5.73 | 5.04 | 11.85 | 10.27 | 20.82 |
^ | 數值小於0.5 |
1. | 公司截至2024年9月30日三個月及六個月的已審計合併財務報表已於2024年10月17日公司董事會會議上獲得批准。公司確認其法定核數師Deloitte Haskins & Sells LLP已就合併財務報表發佈了無保留意見的審計報告。 |
2. | The above consolidated financial results have been prepared on the basis of the audited 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」). All amounts included in the consolidated financial results (including notes) are reported in millions of Indian rupees (₹ in millions) except share and per share data, unless otherwise stated. |
3. | (Gain)/loss on sale of property, plant and equipment for the three and six months ended September 30, 2024 and 2023, includes gain on relinquishment of the lease hold rights of land, and transfer of building along with other assets of ₹ (885), and gain on sale of immovable properties of ₹ (2,368), respectively. |
4. | Other expenses are net of reversals of contingent consideration of ₹ 167, ₹ Nil, ₹ 490 for the three months ended September 30, 2024, June 30, 2024, September 30, 2023, ₹在截至2024年9月30日的六個月內,分別爲167和₹ 在截至2024年9月30日的六個月內和2023年,分別爲506,₹ 在截至2024年3月31日的一年內,其他費用淨額爲保險索賠收入 ₹ 在截至2024年9月30日的三個和六個月內,其他費用淨額爲收到的保險索賠 |
5. | 以下是截至2024年9月30日的子公司、關聯方和合資企業名單: |
子公司 |
子公司 |
子公司 |
國家 | |||
印度Attune Consulting私人有限公司 | 印度 | |||||
Capco Technologies私人有限公司 | 印度 | |||||
wipro Technology Product Services私人有限公司 | 印度 | |||||
wipro成都有限公司 | 中國 | |||||
wipro控股(英國)有限公司 | 英國: | |||||
wipro印度私人有限公司人力資源服務 | 印度 | |||||
wipro孟加拉國IT服務有限公司 | 孟加拉國 |
2
Wipro IT Services UK Societas | U.K. | |||||
Designit A/S | Denmark | |||||
Designit Denmark A/S | Denmark | |||||
Designit Germany GmbH | Germany | |||||
Designit Oslo A/S | Norway | |||||
Designit Spain Digital, S.L.U | Spain | |||||
Designit Sweden AB | Sweden | |||||
Designit T.L.V Ltd. | Israel | |||||
Wipro Bahrain Limited Co. W.L.L | Bahrain | |||||
Wipro Czech Republic IT Services s.r.o. | Czech Republic | |||||
Wipro CRM Services (formerly known as Wipro 4C NV) | Belgium | |||||
Wipro 4C Consulting France SAS | France | |||||
Wipro CRM Services B.V. (formerly known as Wipro 4C Nederland B.V) | Netherlands | |||||
Wipro CRM Services ApS | Denmark | |||||
Wipro CRM Services UK Limited | U.K. | |||||
Grove Holdings 2 S.á.r.l | Luxembourg | |||||
Capco Solution Services GmbH | Germany | |||||
The Capital Markets Company Italy Srl | Italy | |||||
Capco Brasil Serviços E Consultoria Ltda | Brazil | |||||
The Capital Markets Company BV (1) | Belgium | |||||
PT. WT Indonesia | Indonesia | |||||
Rainbow Software LLC | Iraq | |||||
Wipro Arabia Limited (2) | Saudi Arabia | |||||
Women’s Business Park Technologies Limited (2) | Saudi Arabia | |||||
Wipro Doha LLC | Qatar | |||||
Wipro Financial Outsourcing Services Limited | U.K. | |||||
Wipro UK Limited | U.K. | |||||
Wipro Gulf LLC | Sultanate of | |||||
Oman | ||||||
Wipro Holdings Hungary Korlátolt Felelősségű Társaság | Hungary | |||||
Wipro Holdings Investment Korlátolt Felelősségű Társaság | Hungary | |||||
Wipro Information Technology Netherlands BV. | Netherlands | |||||
Wipro do Brasil Technologia Ltda (1) | Brazil | |||||
Wipro Information Technology Kazakhstan LLP | Kazakhstan | |||||
Wipro Outsourcing Services (Ireland) Limited | Ireland | |||||
Wipro Portugal S.A. (1) | Portugal | |||||
Wipro Solutions Canada Limited | Canada | |||||
Wipro Technologies Limited | Russia | |||||
Wipro Technologies Peru SAC | Peru | |||||
Wipro Technologies W.T. Sociedad Anonima | Costa Rica | |||||
Wipro Technology Chile SPA | Chile | |||||
Wipro IT Service Ukraine, LLC | Ukraine | |||||
Wipro IT Services Poland SP Z.O.O | Poland | |||||
Wipro IT Services S.R.L. | Romania | |||||
Wipro Regional Headquarter | Saudi Arabia | |||||
Wipro Technologies Australia Pty Ltd | Australia | |||||
Wipro Ampion Holdings Pty Ltd (1) | Australia | |||||
Wipro Technologies SA | Argentina | |||||
Wipro Technologies SA DE CV | Mexico | |||||
Wipro Technologies South Africa (Proprietary) Limited | South Africa | |||||
Wipro Technologies Nigeria Limited | Nigeria | |||||
Wipro Technologies SRL | Romania | |||||
Wipro (Thailand) Co. Limited | Thailand | |||||
Wipro Japan KK | Japan | |||||
Wipro Networks Pte Limited | Singapore | |||||
Wipro (Dalian) Limited | China | |||||
Wipro Technologies SDN BHD | Malaysia | |||||
Wipro Overseas IT Services Private Limited | India | |||||
Wipro Philippines, Inc. | Philippines | |||||
Wipro Shanghai Limited | China | |||||
3
Wipro Trademarks Holding Limited | India | |||||
Wipro Travel Services Limited | India | |||||
Wipro VLSI Design Services India Private Limited | India | |||||
Wipro, LLC | USA | |||||
Wipro Gallagher Solutions, LLC | USA | |||||
Wipro Insurance Solutions, LLC | USA | |||||
Wipro IT Services, LLC | USA | |||||
Aggne Global Inc. (3) | USA | |||||
Cardinal US Holdings, Inc.(1) | USA | |||||
Edgile, LLC | USA | |||||
HealthPlan Services, Inc. (1) | USA | |||||
Infocrossing, LLC | USA | |||||
International TechneGroup Incorporated (1) | USA | |||||
Wipro NextGen Enterprise Inc. (1) | USA | |||||
Rizing Intermediate Holdings, Inc. (1) | USA | |||||
Wipro Appirio, Inc. (1) | USA | |||||
Wipro Designit Services, Inc. (1) | USA | |||||
Wipro Telecom Consulting LLC | USA | |||||
Wipro VLSI Design Services, LLC | USA | |||||
Aggne Global IT Services Private Limited (3) | India | |||||
Wipro, Inc.(4) | USA |
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.
(2) | 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 Limited and 55% of the equity securities of Women’s Business Park Technologies Limited are held by Wipro Arabia Limited. |
(3) | The company holds 60% of the equity securities of Aggne Global IT Services Private Limited and Wipro IT Services, LLC holds 60% of the equity securities of Aggne Global Inc. |
(4) | Wipro, Inc. has been incorporated as a wholly-owned subsidiary of the Company with effect from September 30, 2024. |
(1) | Step Subsidiary details of Cardinal US Holdings, Inc., HealthPlan Services, Inc., International TechneGroup Incorporated, Wipro NextGen Enterprise Inc., Rizing Intermediate Holdings, Inc., The Capital Markets Company BV, Wipro Ampion Holdings Pty Ltd, Wipro Appirio, Inc., Wipro Designit Services, Inc., Wipro do Brasil Technologia Ltda and Wipro Portugal S.A. are as follows: |
Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of | |||
Cardinal US Holdings, Inc. | USA | |||||
ATOM Solutions LLC | USA | |||||
Capco Consulting Services LLC | USA | |||||
Capco RISC Consulting LLC | USA | |||||
The Capital Markets Company LLC | USA | |||||
HealthPlan Services, Inc. | USA | |||||
HealthPlan Services Insurance Agency, LLC | USA | |||||
International TechneGroup Incorporated | USA | |||||
International TechneGroup Ltd. | U.K. | |||||
ITI Proficiency Ltd | Israel | |||||
MechWorks S.R.L. | Italy | |||||
Wipro NextGen Enterprise Inc. | LeanSwift AB | USA Sweden | ||||
Rizing Intermediate Holdings, Inc. | USA | |||||
Rizing Lanka (Private) Ltd | Sri Lanka | |||||
Attune Netherlands B.V. (5) | Netherlands | |||||
Rizing Solutions Canada Inc. Rizing LLC | Canada USA | |||||
Aasonn Philippines Inc. | Philippines |
4
Rizing B.V. | Netherlands | |||||
Rizing Consulting Ireland Limited | Ireland | |||||
Rizing Consulting Pty Ltd. | Australia | |||||
Rizing Geospatial LLC | USA | |||||
Rizing GmbH | Germany | |||||
Rizing Limited | U.K. | |||||
Rizing Pte Ltd. (5) | Singapore | |||||
The Capital Markets Company | Belgium | |||||
BV | ||||||
CapAfric Consulting (Pty) Ltd | South Africa | |||||
Capco Belgium BV | Belgium | |||||
Capco Consultancy (Malaysia) Sdn. Bhd | Malaysia | |||||
Capco Consultancy (Thailand) Ltd | Thailand | |||||
Capco Consulting Singapore Pte. Ltd | Singapore | |||||
Capco Greece Single Member P.C | Greece | |||||
Capco Poland sp. z.o.o | Poland | |||||
The Capital Markets Company (UK) Ltd | U.K. | |||||
Capco (UK) 1, Limited | U.K. | |||||
The Capital Markets Company BV | Netherlands | |||||
The Capital Markets Company GmbH | Germany | |||||
Capco Austria GmbH | Austria | |||||
The Capital Markets Company Limited | Hong Kong | |||||
The Capital Markets Company Limited | Canada | |||||
The Capital Markets Company S.á.r.l | Switzerland | |||||
Andrion AG | Switzerland | |||||
The Capital Markets Company S.A.S | France | |||||
The Capital Markets Company s.r.o | Slovakia | |||||
Wipro Ampion Holdings Pty Ltd | Australia | |||||
Wipro Revolution IT Pty Ltd | Australia | |||||
Crowdsprint Pty Ltd | Australia | |||||
Wipro Shelde Australia Pty Ltd | Australia | |||||
Wipro Appirio, Inc. | USA | |||||
Wipro Appirio (Ireland) Limited | Ireland | |||||
Wipro Appirio UK Limited | U.K. | |||||
Topcoder, LLC. | USA | |||||
Wipro Designit Services, Inc. | USA | |||||
Wipro Designit Services Limited | Ireland | |||||
Wipro do Brasil Technologia | Brazil | |||||
Ltda | ||||||
Wipro do Brasil Servicos Ltda | Brazil | |||||
Wipro Do Brasil Sistemas De | Brazil | |||||
Informatica Ltda | ||||||
Wipro Portugal S.A. | Portugal | |||||
Wipro Technologies GmbH | Germany | |||||
Wipro Business Solutions GmbH (5) | Germany | |||||
Wipro IT Services Austria GmbH | Austria |
(5) | Step Subsidiary details of Attune Netherlands B.V., Rizing Pte Ltd., Wipro Business Solutions GmbH are as follows: |
Subsidiaries |
Subsidiaries |
Subsidiaries |
Country of | |||
Attune Netherlands B.V. | Netherlands | |||||
Rizing Consulting USA, Inc. | USA | |||||
Rizing Germany GmbH | Germany | |||||
Attune Italia S.R.L | Italy | |||||
Attune UK Ltd. | U.K. | |||||
Rizing Pte Ltd. | Singapore | |||||
Rizing New Zealand Ltd. | New Zealand | |||||
Rizing Philippines Inc. | Philippines | |||||
Rizing SDN BHD | Malaysia | |||||
Rizing Solutions Pty Ltd | Australia | |||||
Wipro Business Solutions GmbH | Germany | |||||
Wipro Technology Solutions S.R.L | Romania |
5
As at September 30, 2024, the Company held 43.7% interest in Drivestream Inc. and 27% interest in SDVerse 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 |
6. Segment Information
The Company is organized into the following operating segments: IT Services and IT Products.
IT Services: The IT services segment primarily consists of IT services offerings to customers organized by four Strategic Market Units (“SMUs”) - Americas 1, Americas 2, Europe and Asia Pacific Middle East and Africa (“APMEA”). Americas 1 and Americas 2 are primarily organized by industry sector, while Europe and APMEA are organized by countries.
Americas 1 includes the entire business of Latin America (“LATAM”) and the following industry sectors in the United States of America: communications, media and information services, software and gaming, new age technology, consumer goods, medical devices and life sciences, healthcare, and technology products and services. Americas 2 includes the entire business in Canada and the following industry sectors in the United States of America: banking and financial services, energy, manufacturing and resources, capital markets and insurance, and hi-tech. Europe consists of the United Kingdom and Ireland, Switzerland, Germany, Northern Europe and Southern Europe. APMEA consists of Australia and New Zealand, India, Middle East, South East Asia, Japan and Africa.
Revenue from each customer is attributed to the respective SMUs based on the location of the customer’s primary buying center of such services. With respect to certain strategic global customers, revenue may be generated from multiple countries based on such customer’s buying centers, but the total revenue related to these strategic global customers are attributed to a single SMU based on the geographical location of key decision makers.
Our IT Services segment provides a range of IT and IT enabled services which include digital strategy advisory, customer centric design, technology consulting, IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility and analytics services, research and development and hardware and software design.
IT Products: The Company is a value-added reseller of security, packaged and SaaS 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 these items is reported as revenue from the sale of IT Products.
The Chief Executive Officer (“CEO”) and Managing Director of the Company has been identified as the Chief Operating Decision Maker as defined by IFRS 8, “Operating Segments”. The CEO 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.
6
Information on reportable segments for the three months ended September 30, 2024, June 30, 2024, September 30, 2023, six months ended September 30, 2024, September 30, 2023 and year ended March 31, 2024 are as follows:
Three months ended | Six months ended | Year ended | ||||||||||||||||||||||
September | June | September | September | September | March | |||||||||||||||||||
30, 2024 | 30, 2024 | 30, 2023 | 30, 2024 | 30, 2023 | 31, 2024 | |||||||||||||||||||
Particulars |
Audited | Audited | Audited | Audited | Audited | Audited | ||||||||||||||||||
Segment revenue |
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IT Services |
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Americas 1 |
68,393 | 67,700 | 66,813 | 136,093 | 132,420 | 268,230 | ||||||||||||||||||
Americas 2 |
67,932 | 67,338 | 66,914 | 135,270 | 135,217 | 269,482 | ||||||||||||||||||
Europe |
61,821 | 60,422 | 63,976 | 122,243 | 131,110 | 253,927 | ||||||||||||||||||
APMEA |
23,811 | 23,503 | 26,255 | 47,314 | 52,765 | 102,177 | ||||||||||||||||||
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Total of IT Services |
221,957 | 218,963 | 223,958 | 440,920 | 451,512 | 893,816 | ||||||||||||||||||
IT Products |
663 | 469 | 1,469 | 1,132 | 2,163 | 4,127 | ||||||||||||||||||
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Total segment revenue |
222,620 | 219,432 | 225,427 | 442,052 | 453,675 | 897,943 | ||||||||||||||||||
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Segment result |
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IT Services |
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Americas 1 |
13,338 | 13,687 | 15,287 | 27,025 | 28,824 | 59,364 | ||||||||||||||||||
Americas 2 |
15,005 | 15,533 | 14,023 | 30,538 | 28,192 | 59,163 | ||||||||||||||||||
Europe |
7,821 | 5,873 | 7,547 | 13,694 | 17,515 | 33,354 | ||||||||||||||||||
APMEA |
3,070 | 2,441 | 2,985 | 5,511 | 5,785 | 12,619 | ||||||||||||||||||
Unallocated |
(1,912 | ) | (1,477 | ) | (3,784 | ) | (3,389 | ) | (7,741 | ) | (20,304 | ) | ||||||||||||
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Total of IT Services |
37,322 | 36,057 | 36,058 | 73,379 | 72,575 | 144,196 | ||||||||||||||||||
IT Products |
(183 | ) | (47 | ) | (467 | ) | (230 | ) | (628 | ) | (371 | ) | ||||||||||||
Reconciling Items |
10 | 59 | (2,246 | ) | 69 | (4,086 | ) | (7,726 | ) | |||||||||||||||
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Total segment result |
37,149 | 36,069 | 33,345 | 73,218 | 67,861 | 136,099 | ||||||||||||||||||
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Finance expenses |
(3,569 | ) | (3,288 | ) | (3,033 | ) | (6,857 | ) | (6,119 | ) | (12,552 | ) | ||||||||||||
Finance and other income |
9,195 | 7,480 | 4,810 | 16,675 | 11,352 | 23,896 | ||||||||||||||||||
Share of net profit/ (loss) of associate and joint venture accounted for using the equity method |
3 | (45 | ) | (30 | ) | (42 | ) | (27 | ) | (233 | ) | |||||||||||||
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Profit before tax |
42,778 | 40,216 | 35,092 | 82,994 | 73,067 | 147,210 | ||||||||||||||||||
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Notes:
a) | “Reconciling Items” includes elimination of inter-segment transactions and other corporate activities. |
b) | Revenue from sale of 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 ₹(396), ₹(206), and ₹268 for the three months ended September 30, 2024, June 30, 2024 and September 30, 2023 respectively, ₹(602), and ₹206 for the six months ended September 30, 2024, September 30, 2023, and ₹340 for the year ended March 31, 2024, which is reported under foreign exchange gains/(losses), net in the consolidated financial results. |
d) | Restructuring cost of ₹2,249 and ₹4,136 for the three and six months ended September 30, 2023 respectively, and ₹6,814 for the year ended March 31, 2024, is included under Reconciling Items. |
e) | Reconciling Items for the year ended March 31, 2024 includes employee costs of ₹921 towards outgoing CEO and Managing Director. |
f) | “Unallocated” within IT Services segment results is after recognition of amortization and impairment expense on intangible assets of ₹2,919, ₹1,782, ₹3,484, ₹4,701, ₹5,294 and ₹11,756 for the three months ended September 30, 2024, June 30, 2024, September 30, 2023, six months ended September 30, 2024, September 30, 2023 and year ended March 31, 2024 respectively, and change in fair value of contingent consideration of ₹(167), ₹Nil, ₹(490), ₹(167), ₹(506) and ₹(1,300) for the three months ended September 30, 2024, June 30, 2024, September 30, 2023, six months ended September 30, 2024, September 30, 2023 and year ended March 31, 2024 respectively. |
Segment results of IT Services segment for the three and six months ended September 30, 2023 and year ended March 31, 2024 are after considering additional amortization due to change in estimate of useful life of the customer-related intangibles in an earlier Business combination.
g) | Segment results of IT Services segment are after recognition of share-based compensation expense ₹1,306, ₹1,329 and ₹1,563 for the three months ended September 30, 2024, June 30, 2024 and September 30, 2023, respectively and ₹2,635 and ₹3,107 for the six months ended September 30, 2024, September 30, 2023, respectively, and ₹5,590 for the year ended March 31, 2024. |
h) | Segment results of IT Services segment are after recognition of (gain)/loss on sale of property, plant and equipment of ₹(820), (23) and ₹(2,320) for the three months ended September 30, 2024, June 20, 2024 and September 30, 2023, respectively and ₹(843) and ₹(2,242) for the six months ended September 30, 2024, September 30, 2023, respectively, and ₹(2,072) for the year ended March 31, 2024. |
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7. | Buyback of equity shares |
During the six months ended September 30, 2023, the Company concluded the buyback of 269,662,921 equity shares (at a price of ₹445 per equity share) as approved by the Board of Directors on April 27, 2023. This has resulted in a total cash outflow of ₹145,173 (including tax on buyback of ₹24,783 and transaction costs related to buyback of ₹390). In line with the requirement of the Companies Act, 2013, an amount of ₹3,768 and ₹141,405 has been utilized from share premium and retained earnings respectively. Further, capital redemption reserve (included in other reserves) of ₹539 (representing the nominal value of the shares bought back) has been created as an apportionment from retained earnings. Consequent to such buyback, the paid-up equity share capital has reduced by ₹539.
8. | Earnings per share for each of the three months ended September 30, 2023 and June 30, 2023 will not add up to earnings per share for the six months ended September 30, 2023, on account of buyback of equity shares. |
9. | Audited Consolidated Balance Sheet |
As at March 31, 2024 | As at September 30, 2024 | |||||||
ASSETS |
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Goodwill |
316,002 | 319,207 | ||||||
Intangible assets |
32,748 | 28,195 | ||||||
Property, plant and equipment |
81,608 | 78,822 | ||||||
Right-of-Use assets |
17,955 | 21,854 | ||||||
Financial assets |
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Derivative assets |
25 | — | ||||||
Investments |
21,629 | 31,385 | ||||||
Trade receivables |
4,045 | 587 | ||||||
Other financial assets |
5,550 | 5,148 | ||||||
Investments accounted for using the equity method |
1,044 | 1,008 | ||||||
Deferred tax assets |
1,817 | 1,922 | ||||||
Non-current tax assets |
9,043 | 7,782 | ||||||
Other non-current assets |
10,331 | 7,744 | ||||||
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Total non-current assets |
501,797 | 503,654 | ||||||
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Inventories |
907 | 1,052 | ||||||
Financial assets |
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Derivative assets |
1,333 | 651 | ||||||
Investments |
311,171 | 407,309 | ||||||
Cash and cash equivalents |
96,953 | 104,592 | ||||||
Trade receivables |
115,477 | 112,655 | ||||||
Unbilled receivables |
58,345 | 64,776 | ||||||
Other financial assets |
10,536 | 8,973 | ||||||
Contract assets |
19,854 | 17,788 | ||||||
Current tax assets |
6,484 | 6,086 | ||||||
Other current assets |
29,602 | 32,561 | ||||||
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Total current assets |
650,662 | 756,443 | ||||||
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TOTAL ASSETS |
1,152,459 | 1,260,097 | ||||||
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EQUITY |
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Share capital |
10,450 | 10,463 | ||||||
Share premium |
3,291 | 6,000 | ||||||
Retained earnings |
630,936 | 693,688 | ||||||
Share-based payment reserve |
6,384 | 6,315 | ||||||
Special Economic Zone Re-investment reserve |
42,129 | 41,497 | ||||||
Other components of equity |
56,693 | 60,380 | ||||||
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Equity attributable to the equity holders of the Company |
749,883 | 818,343 | ||||||
Non-controlling interests |
1,340 | 1,798 | ||||||
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TOTAL EQUITY |
751,223 | 820,141 | ||||||
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LIABILITIES |
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Financial liabilities |
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Loans and borrowings |
62,300 | 62,653 | ||||||
Lease liabilities |
13,962 | 18,965 | ||||||
Derivative liabilities |
4 | 1 | ||||||
Other financial liabilities |
4,985 | 5,862 | ||||||
Deferred tax liabilities |
17,467 | 16,625 | ||||||
Non-current tax liabilities |
37,090 | 40,122 | ||||||
Other non-current liabilities |
12,970 | 14,823 | ||||||
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Total non-current liabilities |
148,778 | 159,051 | ||||||
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Financial liabilities |
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Loans, borrowings and bank overdrafts |
79,166 | 103,157 | ||||||
Lease liabilities |
9,221 | 8,047 | ||||||
Derivative liabilities |
558 | 1,064 | ||||||
Trade payables and accrued expenses |
88,566 | 82,810 | ||||||
Other financial liabilities |
2,272 | 2,976 | ||||||
Contract liabilities |
17,653 | 18,439 | ||||||
Current tax liabilities |
21,756 | 30,599 | ||||||
Other current liabilities |
31,295 | 32,004 | ||||||
Provisions |
1,971 | 1,809 | ||||||
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Total current liabilities |
252,458 | 280,905 | ||||||
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TOTAL LIABILITIES |
401,236 | 439,956 | ||||||
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TOTAL EQUITY AND LIABILITIES |
1,152,459 | 1,260,097 | ||||||
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10. Audited Consolidated Statement of Cash flows
Six months ended September 30, | ||||||||
2023 | 2024 | |||||||
Cash flows from operating activities |
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Profit for the period |
55,533 | 62,632 | ||||||
Adjustments to reconcile profit for the period to net cash generated from operating activities: |
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(Gain)/loss on sale of property, plant and equipment, net |
(2,242 | ) | (843 | ) | ||||
Depreciation, amortization and impairment expense |
16,350 | 15,597 | ||||||
Unrealized exchange (gain)/loss, net |
836 | 279 | ||||||
Share-based compensation expense |
3,099 | 2,640 | ||||||
Share of net (profit)/loss of associate and joint venture accounted for using equity method |
27 | 42 | ||||||
Income tax expense |
17,534 | 20,362 | ||||||
Finance and other income, net of finance expenses |
(5,233 | ) | (9,818 | ) | ||||
Change in fair value of contingent consideration |
(506 | ) | (167 | ) | ||||
Lifetime expected credit loss |
439 | 567 | ||||||
Changes in operating assets and liabilities, net of effects from acquisitions |
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(Increase)/Decrease in trade receivables |
17,913 | 6,008 | ||||||
(Increase)/Decrease in unbilled receivables and contract assets |
(5,937 | ) | (4,034 | ) | ||||
(Increase)/Decrease in Inventories |
(92 | ) | (145 | ) | ||||
(Increase)/Decrease in other assets |
6,498 | 1,103 | ||||||
Increase/(Decrease) in trade payables, accrued expenses, other liabilities and provisions |
(11,260 | ) | (4,216 | ) | ||||
Increase/(Decrease) in contract liabilities |
(5,928 | ) | 724 | |||||
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Cash generated from operating activities before taxes |
87,031 | 90,731 | ||||||
Income taxes paid, net |
(10,885 | ) | (8,083 | ) | ||||
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Net cash generated from operating activities |
76,146 | 82,648 | ||||||
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Cash flows from investing activities: |
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Payment for purchase of property, plant and equipment |
(4,184 | ) | (5,017 | ) | ||||
Proceeds from disposal of property, plant and equipment |
4,223 | 1,459 | ||||||
Payment for purchase of investments |
(465,185 | ) | (423,829 | ) | ||||
Proceeds from sale of investments |
535,473 | 323,786 | ||||||
Repayment of security deposit for property, plant and equipment |
— | (300 | ) | |||||
Interest received |
11,274 | 13,981 | ||||||
Dividend received |
2 | 1 | ||||||
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Net cash generated from/(used in) investing activities |
81,603 | (89,919 | ) | |||||
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Cash flows from financing activities: |
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Proceeds from issuance of equity shares and shares pending allotment |
7 | 13 | ||||||
Repayment of loans and borrowings |
(43,750 | ) | (66,333 | ) | ||||
Proceeds from loans and borrowings |
48,750 | 89,835 | ||||||
Payment of lease liabilities |
(5,172 | ) | (5,054 | ) | ||||
Payment for contingent consideration |
(1,289 | ) | — | |||||
Interest and finance expenses paid |
(4,850 | ) | (4,177 | ) | ||||
Payment for buyback of equity shares, including tax and transaction cost |
(145,173 | ) | — | |||||
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Net cash generated from/(used in) financing activities |
(151,477 | ) | 14,284 | |||||
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Net increase in cash and cash equivalents during the period |
6,272 | 7,013 | ||||||
Effect of exchange rate changes on cash and cash equivalents |
(259 | ) | 591 | |||||
Cash and cash equivalents at the beginning of the period |
91,861 | 96,951 | ||||||
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Cash and cash equivalents at the end of the period |
97,874 | 104,555 | ||||||
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11. Events after the reporting period
The Board of Directors in their meeting held on October 17, 2024 approved issue of bonus shares, commonly known as issue of stock dividend in the US, in the proportion of 1:1, i.e. 1 (one) bonus equity share of ₹ 2 each for every 1 (one) fully paid-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 | |||||
Place: Bengaluru | Rishad A. Premji | |||||
Date: October 17, 2024 | Chairman |
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