Wipro Limited Announces Results for the Quarter Ended December 31, 2017 under IFRS | Digital Conqueror

Wipro Limited Announces Results for the Quarter Ended December 31, 2017 under IFRS

Wipro limited and subsidiaries

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF INCOME

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

 

 

 

 

 

 

 

 

 

 

 

       Three months ended December 31,              

 

 Nine months ended December 31,

 

2016

 

2017

 

 2017

 

2016

2017

2017

 

 

 

 

 

 Convenience translation into US dollar in millions (unaudited) Refer footnote 1 

 

 

 

 Convenience translation into US dollar in millions (unaudited) Refer footnote 1 

Gross revenues

          1,36,878

 

           1,36,690

 

               2,141

 

           4,10,527

           4,07,185

                 6,379

Cost of revenues

           (96,576)

 

            (95,976)

 

             (1,504)

 

          (2,90,773)

          (2,87,781)

                (4,509)

Gross profit

           40,302

 

            40,714

 

                 637

 

         1,19,754

         1,19,404

                1,870

 

 

 

 

 

 

 

 

 

 

Selling and marketing expenses

            (9,226)

 

            (11,073)

 

                  (173)

 

            (28,981)

            (31,086)

                  (487)

General and administrative expenses

            (8,610)

 

              (9,991)

 

                  (157)

 

            (24,754)

            (24,340)

                  (381)

Foreign exchange gains/(losses), net

                767

 

                  125

 

                       2

 

               3,032

                  931

                     15

 

 

 

 

 

 

 

 

 

 

Results from operating activities

           23,233

 

            19,775

 

                   309

 

            69,051

            64,909

                1,017

 

 

 

 

 

 

 

 

 

 

Finance expenses

            (1,366)

 

              (1,205)

 

                    (19)

 

              (4,130)

              (4,065)

                    (64)

Finance and other income

              5,719

 

               6,134

 

                     96

 

              16,024

              18,995

                    298

Share of profits/(loss) of equity accounted investee

                  –  

 

                    10

 

                      –  

 

                    –  

                    14

                      –  

Profit before tax

           27,586

 

            24,714

 

                   386

 

            80,945

            79,853

                1,251

Income tax expense

            (6,440)

 

              (5,355)

 

                    (84)

 

            (18,471)

            (17,775)

                  (278)

Profit for the period

           21,146

 

            19,359

 

                   302

 

            62,474

            62,078

                   973

 

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

 

Equity holders of the Company

            21,094

 

              19,371

 

                    302

 

              62,284

              62,053

                    973

Non-controlling interest

                  52

 

                  (12)

 

                      –  

 

                  190

                    25

                      –  

Profit for the period

           21,146

 

            19,359

 

                   302

 

            62,474

            62,078

                   973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per equity share:

 

 

 

 

 

 

 

 

 

Attributable to equity share holders of the Company

 

 

 

 

 

 

 

 

 

Basic

               4.36

 

                 4.03

 

                   0.06

 

               12.81

               12.85

                   0.20

Diluted

               4.35

 

                 4.03

 

                   0.06

 

               12.77

               12.83

                   0.20

 

 

 

 

 

 

 

 

 

 

Weighted average number of equity shares used in

 

 

 

 

 

 

 

 

 

computing earnings per equity share

 

 

 

 

 

 

 

 

 

Basic

 4,83,49,41,252

 

   4,80,22,85,697

 

    4,80,22,85,697

 

   4,86,39,35,370

   4,83,08,41,298

    4,83,08,41,298

Diluted

 4,84,74,80,288

 

   4,80,93,00,296

 

    4,80,93,00,296

 

   4,87,74,82,820

   4,83,83,85,830

    4,83,83,85,830

 

 

 

 

 

 

 

 

 

 

Additional Information

 

 

 

 

 

 

 

 

 

Segment Revenue

 

 

 

 

 

 

 

 

 

IT Services Business Units

 

 

 

 

 

 

 

 

 

BFSI

            33,843

 

              37,766

 

                    592

 

           1,01,056

           1,09,049

                 1,708

HLS

            20,972

 

              18,463

 

                    289

 

              61,786

              55,602

                    871

CBU

            20,780

 

              21,209

 

                    332

 

              62,213

              62,733

                    983

ENU

            17,131

 

              16,426

 

                    257

 

              51,368

              51,659

                    809

MNT

            29,517

 

              30,050

 

                    471

 

              88,518

              89,402

                 1,401

COMM

 9,718

 

 8,432

 

 132

 

  29,478

 25,846

 405

IT SERVICES TOTAL

          1,31,961

 

           1,32,346

 

                 2,073

 

           3,94,419

           3,94,291

                 6,179

IT PRODUCTS

              5,713

 

               4,498

 

          70

 

              19,309

              13,829

                    217

RECONCILING ITEMS

               (29)  

 

  (29)

 

    –    

 

  (169)

  (4)

  (0)  

TOTAL

 1,37,645  

 

 1,36,815

 

  2,143

 

  4,13,559

  4,08,116

 6,395   

 

 

 

 

 

 

 

 

 

 

Segment Result

 

 

 

 

 

 

 

 

 

IT Services Business Units

 

 

 

 

 

 

 

 

 

BFSI

              6,413

 

               6,832

 

                    107

 

              19,786

              18,328

                    287

HLS

              3,400

 

               2,364

 

                     37

 

               9,490

               7,796

                    122

CBU

              3,415

 

               3,869

 

                     61

 

              10,774

              10,047

                    157

ENU

              3,856

 

              (1,312)

 

                    (21)

 

              10,324

               5,774

                     90

MNT

              5,355

 

               5,692

 

                     89

 

              17,484

              16,267

                    255

COMM

              1,604

 

               1,315

 

                     21

 

               4,700

               3,911

                     61

OTHERS

                  –  

 

                    –  

 

                      –  

 

                    –  

 

 

UNALLOCATED

                  112

 

                  830  

 

                     13   

 

              (1,762)

               2,167

                     34   

TOTAL IT SERVICES

            24,155

 

              19,590

 

                    307

 

              70,796

              64,290

                 1,007

IT PRODUCTS

               (586)

 

                  195

 

                       3

 

              (1,252)

                  314

                       5

RECONCILING ITEMS

               (336)

 

                  (10)

 

                      –     

 

                (493)

                  305

                       5    

TOTAL

            23,233

 

              19,775

 

                    310  

 

              69,051

              64,909

                 1,017   

FINANCE EXPENSE

            (1,366)

 

              (1,205)

 

                    (19)

 

              (4,130)

              (4,065)

               (63.68)

FINANCE AND OTHER INCOME

              5,719

 

               6,134

 

                     96

 

              16,024

              18,995

                    298

SHARE OF PROFIT/(LOSS) OF EQUITY ACCOUNTED INVESTEE

 

 

                    10

 

                      –  

 

                    –  

                    14

                       0

PROFIT BEFORE TAX

            27,586

 

              24,714

 

                    386

 

              80,945

              79,853

                 1,251

INCOME TAX EXPENSE

            (6,440)

 

              (5,355)

 

                    (84)

 

            (18,471)

            (17,775)

                  (278)

PROFIT FOR THE PERIOD

       21,146

 

        19,359

 

          302   

 

   62,474    

     62,078    

         973    

 

 

 

 

 

 

 

 

 

 

Segment result represents operating profits of the segments and dividend income and gains or losses (net) relating to strategic investments, which are presented within “Finance and other income” in the statement of Income.

 

 

 

 

 

 

 

 

 

 

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