For IT firms, it's a mixed blessing
Financial Express Pune|December 24, 2024
"DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects," said an industry analyst.

"The rupee depreciation will act as a margin tailwind, though the exact impact depends on factors such as hedging policies and offshoring levels," an analyst from a domestic brokerage said.

While the rupee's decline is a boon for revenues and profits, the net benefit varies across companies due to differences in hedging strategies, offshore revenue exposure, and margin profiles.

This story is from the December 24, 2024 edition of Financial Express Pune.

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This story is from the December 24, 2024 edition of Financial Express Pune.

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