Indian IT margins may face pressure in FY28, says JM Financial
after close1 source ↓written by the desknot a recommendation
- this year due
- 12%
Rajiv Berlia, IT Services Research Analyst at JM Financial, warns that Indian IT companies could see margin pressure in FY28 if the rupee does not depreciate as it did this year. He anticipates a downgrade to neutral in earnings estimates for H2 FY27, citing seasonal weaknesses and limited margin expansion. The NSE IT index has underperformed the broader market by nearly 12% this year due to weak growth and rising competition.
Not investment advice. For informational purposes only.