The primary goal of any business is to maximize its profits. Various stakeholders, including owners, management, investors, competitors, employees, suppliers, financial institutions, creditors, and customers, have an interest in knowing the actual profitability of a business. This study analyses the profitability of selected leading Indian IT companies between 2011-12 to 2021-22 to identify differences in profitability. The study finds that HCL technologies performed well in terms of Gross Profit Ratio, Net Profit Ratio, and EPS, but it is Net Worth Ratio and Return on Capital Employed were not strong. TCS had the highest return on capital employed (ROCE), return on total assets (ROTA), return on net worth (RONW), and earnings per share, while Tech Mahindra had the lowest performance. Infosys had the second-highest average EPS at Rs. 85.44, while Wipro had the lowest EPS at Rs. 23.31. The study suggests that the Indian Government should offer maximum benefits to SEZ and STP. Major Indian IT companies should maintain international standards in their software services. Additionally, the IT industry relies on well-trained personnel, so the Indian Government should establish more educational institutions and training centres for efficient human resources in the IT industry.

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Keywords: Information Technology, IT, ITES, Profitability Ratio, EPS, CAGR, CV, ANOVA.