Investors on Dalal Street have been closely monitoring the spate of IT companies September 2025 quarterly results that have been released this week. The above development comes at a time when stocks like HCL Tech and Tech Mahindra have been hovering above their 52-week lows for nearly six months.

A Tale of Two Quarters: HCL Tech Pulls Ahead

Tech Mahindra on late Tuesday evening reported a 1.6% quarter-on-quarter growth in revenues in constant currency terms to Rs 13,949.9 crore in the September 2025 quarter.

In the case of Tech Mahindra, its key communications vertical was sluggish, it was 32.7% of revenues in the September 2025 quarter, a decline of 2% q-o-q.

Earlier, HCL Tech has highlighted that its revenue was up 2.4 % quarter-on-quarter in constant currency terms in the S

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