Information Technology Sector — Q3 FY25 Earnings Overview
5 companies reported. 5 bullish, 0 neutral, 0 bearish.
Average revenue growth: 12.0%
Sector sentiment: bullish
Aggregate revenue: ₹1,52,171 Cr
Average margin: 12.7%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| TCS | ₹63,973 Cr | +5.6% | 24.5% | bullish high |
| Infosys | ₹41,764 Cr | +6.1% | 21.3% | bullish high |
| HCLTech | ₹29,890 Cr | +4.1% | — | bullish high |
| Tech Mahindra | ₹13,286 Cr | +1.4% | — | bullish high |
| Coforge | ₹3,258 Cr | +42.8% | 17.8% | bullish high |
Key sector risks this quarter
Tech Mahindra · high
Manufacturing declined 2.5% QoQ due to Pininfarina and European auto pressures; North American telco discretionary spend remains challenged.
TCS · highPotential increase in inflation due to trade tariffs or uncertain government policies could dampen discretionary spending recovery.
Coforge · mediumAnalyst raised concerns about demand environment during budget season; management acknowledged gradual improvement but risks remain if macro conditions worsen.
Tech Mahindra · mediumLarge deal wins are inherently lumpy; a quarter without major closures could slow revenue growth momentum.
Tech Mahindra · mediumWage hikes of 1-1.5% will pressure Q4 margins; offsetting levers may not fully compensate.