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Labour Code impact, legal claim provision drag down TCS Q3 net profit by 14% to ₹10,720 crore

1 source · first seen 09:55 26 Sept · updated 09:55 26 Sept

The brief

Written from 1 report · check the source before you trade
  • Net profit fell 14% to ₹10,720 crore, weighed by labour code impact and legal claim provision
  • Revenue rose 4.86% to ₹67,087 crore from ₹63,973 crore
  • Lower profit may weigh on TCS shares; IT services investors will watch for margin recovery

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TCS₹2,082.00 · 6 todayIT services7 todayLabour codes3 today

Linked by the tag Labour codes

17 stories this week
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  2. 25 Sept10 months of new labour codes: What has changed for employees and employers?Policy · 1 source · India’s four labour codes have been in rollout for 10 months
  3. 24 SeptTen months on, implementation challenges still exist in the labour codes transition, says GT BharatPolicy · 1 source · State-level rule-making and central-state coordination remain key to implementing the labour codes
  4. 24 SeptExpects states, UTs to notify labour Code rules by October 31: CentrePolicy · 1 source · Centre expects states and Union Territories to notify labour Code rules by October 31
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1 report · earliest 09:55
The HinduLabour Code impact, legal claim provision drag down TCS Q3 net profit by 14% to ₹10,720 crore09:55