Top Indian IT firms are set to report another lacklustre quarter with revenue and profit seen rising around 10% year-on-year due to a weaker rupee. Uncertainties due to wars, weak discretionary spending and AI concerns will continue to weigh on client budgets.
Tata Consultancy Services Ltd., Infosys Ltd., HCL Technologies Ltd. and other software services exporters are due to report fourth quarter results starting 9 April 2026.
The Indian rupee fell 4% against the US dollar during the March quarter, benefiting software services companies that bill in foreign currencies.
Since last reporting double-digit revenue growth in the March 2023 quarter, demand has softened as clients cut discretionary spending, deal cycles lengthened, and spending shifted towards cost optimisation and AI-led projects.
Revenue for the top six firms is expected to grow about 10.9% year-on-year in the March quarter, with net profit rising 10.3%.
