Labour Code impact, legal claim provision drag down TCS Q3 net profit by 14% to ₹10,720 crore
Tata Consultancy Services Ltd (TCS) reported a 14% decline in net profit to ₹10,720 crore for Q3, impacted by new labour codes costing ₹2,128 crore and a legal claim provision of ₹1,010 crore. Revenue from operations rose 4.86% to ₹67,087 crore compared to ₹63,973 crore a year earlier. TCS aims to navigate these challenges in the upcoming quarters.