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TCS, Infosys, HCLTech, Coforge — Top Stock Picks By Motilal Oswal; IT Q1 Results Preview

For Q1, we expect aggregate revenue for our coverage universe to grow by 6.0% YoY, while EBIT and PAT are likely to grow at 7.0% and 6.5% YoY

IT Q1 Results
While a host of geopolitical events as well as tariff uncertainty would have played spoilsport on notable deal signings, widespread client deferrals/ ramp-downs have largely been avoided.

(Photo Source: Glenn Carstens-Peters on Unsplash)

Motilal Oswal expects margins to be range-bound and supply-side pressures to remain muted; however, meaningful margin gains are restricted by low growth, visa costs and pressure from a strong INR vs USD.
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