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IT Sector Q4 Results Preview: Unexciting Guidance Amid Rising Global Uncertainty; Revenue To Remain Muted
HDFC Securities remains watchful and maintains its selective stance on the sector, favouring TCS within tier-1s and Persistent, LTIMindtree, and Mastek among mid-tier IT companies.
04 Apr 2025, 03:04 PM IST 
(Photo: Philipp Katzenberger /Unsplash)
The IT index is down ~20% YTD, reflecting higher level of uncertainty caused by the Trump reciprocal tariffs. The brokerage has moderated its growth estimates to account for a weak exit to FY25E and a modest start to FY26E. ER&D companies’ growth for FY26E is likely to moderate due to a potential slowdown in the transportation vertical (global OEMs). Growth dispersion between companies is expected to remain high even in FY26E.
