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Mid-cap IT firms top larger peers on profit front
Financial Express Lucknow
|July 28, 2025
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INDIA'S MID-TIER IT services firms posted a stronger performance in Q1, outshining their large-cap counterparts on key profitability metrics even as the broader IT sector continues to grapple with weak global demand and sluggish discretionary tech spending.
Among the large-cap IT firms -- Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro -- only TCS managed to grow its net profit sequentially, posting a 4.4% quarter-on-quarter growth, boosted by one-off income tax gains and reduced expenses related to the winding down of a large transformation project for BSNL.
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