Tata Consultancy Services (TCS) reports a 13.91% decline in Q3 net profit to ₹10,657 crore due to the impact of new labour ...

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Statutory impact of new labour codes, AI-led restructuring costs and a large legal provision weighed on TCS's Q3 FY26 ...

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A Rs 2,128 crore hit taken from statutory Labour Codes, therefore, accounts for an impact of 19.97% of TCS' Q3 profit, which stood at Rs. 10,657 crore.

TCS shares ended 1.10% higher at ₹3,243 on the national stock exchange on Monday ahead of the results. However, the stock ...

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The profitability took a major hit due to the statutory impact of new labor codes to the tune of Rs 2,128 crore in the ...