Information Technology Sector — Q3 FY26 Earnings Overview
23 companies reported. 15 bullish, 6 neutral, 2 bearish.
Average revenue growth: 20.0%
Sector sentiment: bullish
Aggregate revenue: ₹1,31,753 Cr
Average margin: 12.6%
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| TCS | ₹67,087 Cr | +4.9% | 25.2% | bullish high |
| HCLTech | ₹33,872 Cr | +13.3% | 22.0% | bullish high |
| Tech Mahindra | ₹14,393 Cr | +8.3% | — | bullish high |
| Coforge | ₹4,232 Cr | +23% | 17.0% | bullish high |
| Endurance Technologies | ₹3,608 Cr | +22.2% | 13.0% | bullish high |
| Time Technoplast | ₹1,565 Cr | +13% | 15.0% | bullish high |
| Sandhar Technologies | ₹1,185 Cr | +22% | — | bullish high |
| Aditya Infotech | ₹1,139 Cr | +37.3% | 12.6% | bullish high |
| Titagarh Rail Systems | ₹832 Cr | — | 11.0% | bullish medium |
| Info Edge | ₹819 Cr | +14% | 36.0% | neutral medium |
| Cms Info Systems | ₹618 Cr | +1.6% | 23.0% | neutral medium |
| Rategain Travel Technologies | ₹540 Cr | +94% | 16.0% | bullish high |
| Dynacons Systems | ₹341 Cr | +10% | 11.9% | bullish high |
| Kellton Tech Solutions | ₹308 Cr | — | 13.0% | neutral medium |
| Exicom Tele-Systems | ₹277 Cr | +58% | -12.0% | bullish medium |
| Blue Cloud Softech | ₹265 Cr | — | — | bullish medium |
| Orient Technologies | ₹200 Cr | -4.17% | 1.4% | bearish high |
| Digispice Technologies | ₹109 Cr | — | — | neutral medium |
| Divgi TorqTransfer Systems | ₹96 Cr | +68% | 24.3% | bullish high |
| Ducon Infratechnologies | ₹94 Cr | — | 6.2% | neutral medium |
| CE Info Systems | ₹94 Cr | — | — | bearish high |
| Z-Tech | ₹42 Cr | +74% | 27.6% | bullish high |
| All E Technologies | ₹36 Cr | +1.5% | 26.2% | neutral medium |
Key sector risks this quarter
Orient Technologies · high
Supply chain disruptions and component price increases are expected to persist through FY27, pressuring margins.
Orient Technologies · highThe client moved entirely to a hyperscaler, resulting in a one-time revenue and margin hit; recovery unlikely.
Titagarh Rail Systems · highRecurring wheel set shortages from the rail wheel factory have impacted freight production; normalization is uncertain.
Titagarh Rail Systems · highCurrent wagon orders cover only H1 FY27; any delay in new tenders could lead to underutilization of capacity.
Cms Info Systems · highThe SBI contract and other large deals may face rollout delays, impacting revenue recognition and margin recovery.