International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Financial Performance Analysis of Selected Indian IT Companies: A Ratio-Based Study

Author(s) Dr. Viral Kiritbhai Chavda
Country India
Abstract The Indian information technology industry is an important contributor to India’s service-sector growth, exports, employment and capital market performance. According to NASSCOM’s Strategic Review 2024, the Indian technology industry was estimated to reach revenue of US$254 billion in FY2024, showing its continued economic importance (NASSCOM, 2024). This study analyses the financial performance of five leading Indian IT companies: Tata Consultancy Services Ltd., Infosys Ltd., Wipro Ltd., HCLTech Ltd. and Tech Mahindra Ltd. The study covers the period 2019-20 to 2023-24 and is based on consolidated secondary financial data. Ratio analysis is used to evaluate profitability, return, liquidity and solvency. The major ratios used are net profit margin, operating profit margin, return on assets, return on equity, current ratio and debt-equity ratio. Descriptive statistics, trend analysis, ranking and one-way ANOVA are used to support the interpretation. The findings show that TCS is the strongest overall performer with the highest average net profit margin, operating profit margin, ROA, ROE and current ratio. Infosys maintains strong profitability and a conservative debt position. HCLTech records stable performance, while Wipro shows moderate profitability and higher leverage. Tech Mahindra records the weakest average profitability mainly because of a sharp fall in net profit in 2023-24. The ANOVA results indicate statistically significant differences among the selected companies for all major ratio categories. The study concludes that Indian IT companies are generally financially sound, but their financial performance differs significantly in profitability, returns, liquidity and leverage.
Keywords Financial performance, ratio analysis, Indian IT companies, profitability, liquidity, solvency, TCS, Infosys, Wipro, HCLTech, Tech Mahindra.
Field Business Administration
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-14
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E-ISSN 2582-2160
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CrossRef DOI prefix of IJFMR is 10.36948/ijfmr

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