New Delhi, April 7 -- Indian Information Technology (IT) companies are expected to report mixed earnings for the fourth quarter of FY25, weighed down by persistent regulatory and economic uncertainties. Analysts believe a deteriorating macroeconomic environment may adversely impact Q4 results and guidance for FY2026.

According to analysts at Nuvama Institutional Equities, while large-cap IT companies are projected to post a sequential revenue decline, mid-cap IT firms are likely to maintain robust organic growth on a quarter-on-quarter (QoQ) basis.

Operating margins across the sector are expected to remain largely stable, with marginal improvements for most players. However, companies impacted by seasonality or wage hikes - such as Info...