India, Jan. 28 -- The Q3 FY26 financial results for India's top IT firms, TCS, Infosys, HCLTech, Wipro, and Tech Mahindra, reveal a sector at a dual-speed inflection point. While reported net profits were universally impacted by a collective Rs 5,400 crore one-time charge due to new Indian labor codes, the underlying "AI engine" is beginning to deliver measurable financial outcomes.

The December quarter, typically soft due to seasonal furloughs, showed resilient revenue growth across the "Big Five."

Firm

Q3 Revenue (INR Cr)

YoY Growth

QoQ Growth (CC)

EBIT Margin

TCS

Rs 67,087

+4.9%

+0.8%

25.2%

Infosys

Rs 45,479

+8.9%

+0.6%

21.2%

HCLTech

Rs 33,872

+13.3%

+4.2%

18.6%

Wipro

Rs 23,556

+5.5%

+1.4%

17.6%

Tech Mahindra...