Kotak sees muted quarter for Indian IT giants in Q2 FY27
In short
Kotak Institutional Equities expects a muted quarter for large Indian IT companies in Q2 FY27. It says demand has not improved or worsened since the June 2026 quarter.
This matters for TCS, Infosys, HCL Tech and Tech Mahindra because weak demand can limit growth. The report does not give earnings numbers or say if forecasts changed.
What the reporting says
Kotak Institutional Equities expects another muted quarter for large Indian IT companies in Q2 FY27, according to the publisher-supplied summary. The brokerage said demand conditions have neither improved nor deteriorated since the June 2026 quarter. The reporting names TCS, Infosys, HCL Tech and Tech Mahindra, but it does not provide earnings figures or a target revision.
Why it matters
Kotak Institutional Equities is expecting another muted quarter for large Indian IT companies in Q2 FY27. The summary says demand conditions have neither improved nor deteriorated since the June 2026 quarter, and it names TCS, Infosys, HCL Tech and Tech Mahindra as the affected firms. No earnings figures or revised estimates are provided, so the extent of the slowdown is not stated.