WIPRO LTD
Business
WIPRO LTD is a global information technology services and consulting company focused on delivering digital transformation solutions across enterprise clients. It offers AI and GenAI platforms, cloud and infrastructure services, consulting, engineering and R&D, cybersecurity, data and analytics, application development and maintenance, business process services, and third‑party IT products and system integration. The business is organized into IT Services and IT Products, with IT Services delivered through strategic market units and global business lines (re‑aligned into Technology, Business Process, Consulting, and Engineering). Wipro sells services worldwide through locally staffed sales teams, global account executives, partner ecosystems and innovation centers across the Americas, Europe, APMEA and other regions.
Summary from filing dated 2025-05-22
Financials
Consolidated Statement of Income
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Profit or loss [abstract] | — | — | — | |
| Revenues | 926,240 | 890,884 | 897,603 | |
| Cost of revenues | 656,192 | 617,802 | 631,497 | |
| Gross profit | 270,048 | 273,082 | 266,106 | |
| Selling and marketing expenses | 59,216 | 64,378 | 69,972 | |
| General and administrative expenses | 61,434 | 57,465 | 60,375 | |
| Foreign exchange gains/(losses), net | 1,853 | 32 | 340 | |
| Results from operating activities | 151,251 | 151,271 | 136,099 | |
| Finance expenses | 14,577 | 14,770 | 12,552 | |
| Finance and other income | 36,491 | 38,202 | 23,896 | |
| Share of net profit/ (loss) of associate and joint venture accounted for using the equity method | 257 | 254 | −233 | |
| Profit before tax | 173,422 | 174,957 | 147,210 | |
| Income tax expense | 40,767 | 42,777 | 36,089 | |
| Profit for the year | 132,655 | 132,180 | 111,121 | |
| Profit attributable to: | — | — | — | |
| Equity holders of the Company | 131,974 | 131,354 | 110,452 | |
| Non-controlling interests | 681 | 826 | 669 | |
| Profit for the year | 132,655 | 132,180 | 111,121 | |
| Earnings per equity share: Attributable to equity holders of the Company | — | — | — | |
| Basic | 12.6 | 12.56 | 10.44 | |
| Diluted | 12.56 | 12.52 | 10.41 | |
| Weighted average number of equity shares used in computing earnings per equity share | — | — | — | |
| Basic | 10,476 | 10,457 | 10,577 | |
| Diluted | 10,503 | 10,489 | 10,611 |
Consolidated Balance Sheet
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Statement of financial position [abstract] | — | — | |
| ASSETS | — | — | |
| Goodwill | 387,399 | 325,014 | |
| Intangible assets | 29,176 | 27,450 | |
| Property, plant and equipment | 81,787 | 80,684 | |
| Right-of-Use assets | 28,287 | 25,598 | |
| Financial assets | — | — | |
| Derivative assets | 0 | — | |
| Investments | 28,053 | 26,458 | |
| Trade receivables | 349 | 299 | |
| Unbilled receivables | 7,433 | 0 | |
| Other financial assets | 6,259 | 4,664 | |
| Non-Financial Assets | — | — | |
| Investments accounted for using equity method | 2,126 | 1,327 | |
| Deferred tax assets | 5,242 | 2,561 | |
| Non-current tax assets | 7,787 | 7,230 | |
| Other non-current assets | 9,010 | 7,460 | |
| Total non-current assets | 592,908 | 508,745 | |
| Inventories | 517 | 694 | |
| Financial assets | — | — | |
| Derivative assets | 888 | 1,820 | |
| Investments | 437,680 | 411,474 | |
| Cash and cash equivalents | 105,555 | 121,974 | |
| Trade receivables | 135,901 | 117,745 | |
| Unbilled receivables | 76,823 | 64,280 | |
| Other financial assets | 10,245 | 8,448 | |
| Non-Financial Assets | — | — | |
| Contract assets | 14,819 | 15,795 | |
| Current tax assets | 10,762 | 6,417 | |
| Other current assets | 33,164 | 29,128 | |
| Total current assets | 826,354 | 777,775 | |
| TOTAL ASSETS | 1,419,262 | 1,286,520 | |
| Share capital | 20,977 | 20,944 | |
| Share premium | 6,158 | 2,628 | |
| Retained earnings | 735,057 | 716,477 | |
| Share-based payment reserve | 7,920 | 6,985 | |
| Special Economic Zone Re-investment reserve | 25,966 | 27,778 | |
| Other components of equity | 89,290 | 53,497 | |
| Equity attributable to the equity holders of the Company | 885,368 | 828,309 | |
| Non-controlling interests | 2,509 | 2,138 | |
| TOTAL EQUITY | 887,877 | 830,447 | |
| Financial liabilities | — | — | |
| Loans and borrowings | 1,962 | 63,954 | |
| Lease liabilities | 26,327 | 22,193 | |
| Accrued expenses | 4,394 | 0 | |
| Other financial liabilities | 6,743 | 7,793 | |
| Non-Financial Liabilities | — | — | |
| Deferred tax liabilities | 17,266 | 16,443 | |
| Non-current tax liabilities | 48,195 | 42,024 | |
| Other non-current liabilities | 23,042 | 17,119 | |
| Provisions | 224 | 294 | |
| Total non-current liabilities | 128,153 | 169,820 | |
| Financial liabilities | — | — | |
| Loans, borrowings and bank overdrafts | 165,912 | 97,863 | |
| Lease liabilities | 8,709 | 8,025 | |
| Derivative liabilities | 10,978 | 968 | |
| Trade payables and accrued expenses | 94,924 | 88,252 | |
| Other financial liabilities | 11,357 | 3,878 | |
| Non-Financial liabilities | — | — | |
| Contract liabilities | 25,434 | 20,063 | |
| Current tax liabilities | 49,621 | 34,481 | |
| Other current liabilities | 34,801 | 31,086 | |
| Provisions | 1,496 | 1,637 | |
| Total current liabilities | 403,232 | 286,253 | |
| TOTAL LIABILITIES | 531,385 | 456,073 | |
| TOTAL EQUITY AND LIABILITIES | 1,419,262 | 1,286,520 |
Consolidated Statement of Cash Flows
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Statement of cash flows [abstract] | — | — | — | |
| Cash flows from operating activities: | — | — | — | |
| Profit for the year | 132,655 | 132,180 | 111,121 | |
| Adjustments to reconcile profit for the year to net cash generated from operating activities: | — | — | — | |
| Gain on sale of property, plant and equipment, net | 393 | 606 | 2,072 | |
| Depreciation, amortization and impairment expense | 29,107 | 29,579 | 34,071 | |
| Unrealized exchange (gain)/loss, net | 2,168 | −623 | 655 | |
| Share-based compensation expense | 4,465 | 5,551 | 5,584 | |
| Share of net (profit)/loss of associate and joint venture accounted for using equity method | 257 | 254 | −233 | |
| Income tax expense | 40,767 | 42,777 | 36,089 | |
| Finance and other income, net of finance expenses | 21,914 | 23,432 | 11,344 | |
| Change in fair value of contingent consideration | 49 | −169 | −1,300 | |
| Lifetime expected credit loss/(write-back) | 2,838 | 324 | 640 | |
| Other non-cash items | 0 | 0 | 488 | |
| Changes in operating assets and liabilities; net of effects from acquisitions | — | — | — | |
| (Increase)/Decrease in trade receivables | −11,442 | 1,894 | 7,824 | |
| (Increase)/Decrease in unbilled receivables and contract assets | −14,498 | −1,331 | 5,919 | |
| (Increase)/Decrease in Inventories | 184 | 213 | 287 | |
| Increase)/Decrease in other financial assets and other assets | −205 | 6,609 | 8,869 | |
| Increase/(Decrease) in trade payables, accrued expenses, other financial liabilities, other liabilities and provisions | 8,482 | 548 | −435 | |
| Increase/(Decrease) in contract liabilities | 3,555 | 2,341 | −5,053 | |
| Cash generated from operating activities before taxes | 175,561 | 195,601 | 191,576 | |
| Income taxes paid, net | 26,245 | 26,175 | 15,360 | |
| Net cash generated from operating activities | 149,316 | 169,426 | 176,216 | |
| Cash flows from investing activities: | — | — | — | |
| Payment for purchase of property, plant and equipment | 15,603 | 14,737 | 10,510 | |
| Proceeds from disposal of property, plant and equipment | 758 | 1,822 | 4,022 | |
| Investment in associate | 352 | 0 | 0 | |
| Payment for purchase of investments | 837,806 | 801,582 | 975,069 | |
| Proceeds from sale of investments | 816,732 | 706,520 | 978,598 | |
| Payment for business acquisitions including deposits and escrow, net of cash acquired | 26,033 | 964 | 5,291 | |
| Payment for investment in joint venture | 0 | 0 | 484 | |
| Proceeds from/(repayment of) security deposit for property, plant and equipment | 0 | −300 | 300 | |
| Interest received | 28,878 | 26,212 | 20,111 | |
| Dividend received | — | 2,299 | 3 | |
| Net cash generated from/(used in) investing activities | −33,423 | −80,730 | 11,680 | |
| Cash flows from financing activities: | — | — | — | |
| Proceeds from issuance of equity shares and shares pending allotment | — | 27 | 13 | |
| Repayment of loans and borrowings | 259,841 | 177,672 | 130,557 | |
| Proceeds from loans and borrowings | 253,089 | 195,595 | 120,500 | |
| Payment of lease liabilities including interests | 11,561 | 10,474 | 10,060 | |
| Payment for buyback of equity shares, including tax and transaction cost | 0 | 0 | 145,173 | |
| Payment for contingent consideration | 648 | 0 | 1,294 | |
| Payment of deferred consideration on business combination | 221 | 0 | 0 | |
| Interest and finance expenses paid | 6,336 | 8,689 | 10,456 | |
| Payment of dividend | 115,206 | 62,750 | 5,218 | |
| Payment of dividend to Non-controlling interests holders | 569 | 0 | 322 | |
| Net cash generated from/(used in) financing activities | −141,260 | −63,963 | −182,567 | |
| Net increase/(decrease) in cash and cash equivalents during the year | −25,367 | 24,733 | 5,329 | |
| Effect of exchange rate changes on cash and cash equivalents | 8,948 | 290 | −239 | |
| Cash and cash equivalents at the end of the year | — | — | — | |
| Cash and cash equivalents at the end of the year | — | — | — |