Financial reporting quality is a central mechanism through which accounting information reduces information asymmetry between managers and capital providers, yet empirical evidence on its relationship with corporate financial performance remains limited within India’s technology sector. This study examines the relationship between financial reporting quality and corporate financial performance among the top five companies listed on the Nifty IT Index, namely Tata Consultancy Services, Infosys, HCL Technologies, Wipro, and Tech Mahindra, using panel data for FY 2020 to FY 2025 (30 firm year observations). Financial reporting quality is measured through two established proxies: Accrual Quality (AQ), derived from the Dechow and Dichev (2002) model, and a Disclosure Quality Index (DQI), constructed following the qualitative characteristics framework of Beest, Braam, and Boelens (2009). Corporate financial performance is measured through Return on Assets (ROA), with firm size, leverage, growth, and board independence as controls. Descriptive statistics, correlation analysis, the Hausman test, and Fixed Effects panel regression are used to test the hypotheses. Both Accrual Quality (β = 0.38, p < 0.05) and the Disclosure Quality Index (β = 0.27, p < 0.05) have a significant positive impact on ROA, with Accrual Quality the stronger predictor, and the Hausman test confirms Fixed Effects as the appropriate specification. The results suggest that higher quality financial reporting is systematically associated with stronger financial performance among India’s leading listed IT companies, with implications for corporate governance, auditing practice, and investor decision making.