India’s IT majors end FY26 with steady profits but slowing growth
Top domestic IT firms closed FY26 with steady profits but slowing growth, cautious FY27 guidance, and delayed client spending, even as deal pipelines remain strong.
The March quarter earnings of Tata Consultancy Services, Infosys, HCLTech, Wipro and Tech Mahindra reflect a sector that is stable on profitability but clearly slowing on growth, with companies flagging cautious client behaviour and limited visibility.
