Sector analysis · India
IT sector earnings growth, Q1 FY25
The 20 largest Information Technology companies by market cap at the end of Q1 FY25 (30 Jun 2024), compared with Q1 FY24.
The top 20 at Q1 FY25
Q1 FY25 vs Q1 FY24: combined net profit ₹30,722 cr (+9%), median EPS +4% (13 of 20 up), market-cap-weighted price +21%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Tata Consultancy Services Limited | 39.8% | 30.26 → 33.28 | +10% | +3.4 pp | +18% |
| 2 | Infosys | 18.3% | 14.32 → 15.34 | +7% | +1.5 pp | +17% |
| 3 | HCL Technologies Limited | 11.2% | 13.02 → 15.69 | +21% | +2.6 pp | +23% |
| 4 | Wipro Limited | 7.6% | 2.61 → 2.87 | +10% | +0.5 pp | +32% |
| 5 | LTM Limited | 4.5% | 38.92 → 38.28 | −2% | −0.1 pp | +4% |
| 6 | Tech Mahindra Limited | 3.9% | 7.10 → 8.96 | +26% | +0.7 pp | +27% |
| 7 | Oracle Financial Services Software Limited | 2.4% | 57.92 → 71.12 | +23% | +0.4 pp | +156% |
| 8 | Persistent Systems Limited | 1.8% | 14.87 → 19.89 | +34% | +0.3 pp | +70% |
| 9 | L&T Technology Services Limited | 1.5% | 29.44 → 29.63 | +1% | 0.0 pp | +25% |
| 10 | MphasiS Limited | 1.3% | 21.00 → 21.39 | +2% | 0.0 pp | +30% |
| 11 | KPIT Technologies Limited | 1.3% | 4.89 → 7.45 | +52% | +0.2 pp | +50% |
| 12 | Tata Elxsi | 1.2% | 30.32 → 29.56 | −3% | 0.0 pp | −8% |
| 13 | Tata Technologies Limited | 1.2% | 4.72 → 3.99 | −15% | −0.1 pp | — |
| 14 | Coforge Limited | 1.0% | 5.41 → 3.99 | −26% | −0.1 pp | +16% |
| 15 | Cyient Limited | 0.6% | 15.20 → 12.97 | −15% | −0.1 pp | +23% |
| 16 | Birlasoft Ltd | 0.5% | 5.00 → 5.44 | +9% | 0.0 pp | +92% |
| 17 | Affle 3i | 0.5% | 4.97 → 6.18 | +24% | +0.1 pp | +23% |
| 18 | Zensar Technologies Limited | 0.5% | 6.90 → 6.97 | +1% | 0.0 pp | +93% |
| 19 | Sonata Software Limited | 0.5% | 4.28 → 3.77 | −12% | −0.1 pp | −41% |
| 20 | Intellect Design Arena Limited | 0.4% | 6.88 → 5.43 | −21% | −0.1 pp | +70% |
| Sector earnings growth | 100% | +9.2 pp |
Who joined and who left
0 joined and 0 left the top 20 since Q4 FY24, as market caps moved.
Joined the top 20 since Q4 FY24
Left the top 20 since Q4 FY24
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TCS | +9% | +3% | +10% | +10% | +6% | +12% | −2% | +6% | +1% | −14% | +12% | +5% |
| INFY | +5% | −6% | +30% | +7% | +5% | +11% | −12% | +9% | +13% | 0% | +24% | +15% |
| HCLTECH | +10% | +6% | 0% | +21% | +11% | +6% | +8% | −10% | 0% | −11% | +4% | +20% |
| WIPRO | +5% | −7% | −3% | +10% | +21% | +24% | +26% | +11% | +1% | −7% | −2% | +6% |
| LTM | +1% | +17% | −1% | −2% | +8% | −7% | +3% | +11% | +12% | −11% | +23% | +17% |
| TECHM | −62% | −61% | −41% | +26% | +153% | +92% | +76% | +30% | −5% | +14% | +16% | +28% |
| OFSS | +5% | +69% | +16% | +23% | +38% | −27% | +15% | +4% | −6% | +12% | +30% | +120% |
| PERSISTENT | +19% | +19% | +24% | +34% | +22% | +29% | +24% | +37% | +45% | +16% | +32% | +13% |
| LTTS | +12% | +11% | +10% | +1% | +1% | −4% | −9% | +1% | +3% | −6% | +7% | +13% |
| MPHASIS | −7% | −10% | −3% | +2% | +8% | +14% | +13% | +9% | +10% | +3% | +14% | +10% |
| KPITTECH | +69% | +54% | +47% | +52% | +45% | +20% | +49% | −16% | −17% | −29% | −33% | −32% |
| TATAELXSI | +15% | +6% | −2% | −3% | +15% | −4% | −12% | −22% | −33% | −45% | +28% | +18% |
| TATATECH | outside | +15% | −27% | −15% | −2% | −1% | +20% | +5% | +5% | −96% | +8% | +6% |
| COFORGE | sources disagree | sources disagree | sources disagree | −26% | −1% | −22% | +8% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree |
| CYIENT | +125% | −6% | +16% | −15% | 0% | −17% | outside | outside | outside | outside | outside | outside |
| BSOFT | +24% | turned profitable | +60% | +9% | −12% | outside | outside | outside | outside | outside | outside | outside |
| AFFLE | +14% | +6% | +33% | +24% | +31% | +30% | +18% | +22% | +20% | +19% | +16% | +21% |
| ZENSARTECH | outside | outside | +45% | +1% | −11% | −1% | +2% | +15% | +17% | +25% | outside | outside |
| SONATSOFTW | +10% | to loss | −3% | −12% | −14% | outside | outside | outside | outside | outside | outside | outside |
| INTELLECT | outside | outside | −20% | −21% | outside | outside | outside | outside | outside | outside | outside | outside |