December Quarter Earnings Analysis **Overview** Net profit growth for the December quarter was restricted to mid-single digits, significantly constrained by underperformance in the Information Technology (IT) sector. **Sector Performance** * **Banking & Finance:** Served as the primary growth engine, posting double-digit profit expansion and supporting overall earnings figures. * **Information Technology:** Reported a decline in profitability, weighing down the aggregate results. **Key Drivers** The downturn in the IT sector is attributed to two primary factors: 1. **Delayed Decision-Making:** Extended cycles in client approvals and discretionary spending. 2. **Strategic Pivot:** A redirection of client budgets and focus towards Artificial Intelligence (AI) initiatives.