Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
Rajiv Berlia, IT Services Research Analyst at JM Financial Institutional Securities, says Indian IT companies could face renewed margin pressure in the financial year 2027-28 (FY28) if the rupee does not depreciate again the way it has this year. His base case sees a downgrade to neutral in earnings estimates for the second half of…
