Labour Code impact, legal claim provision drag down TCS Q3 net profit by 14% to ₹10,720 crore
Tata Consultancy Services reported a 14% decline in third‑quarter net profit, falling to ₹10,720 crore, as expenses related to the new Labour Code and a legal claim provision weighed on earnings. Despite the profit drop, the company's revenue grew 4.86% year‑on‑year, reaching ₹67,087 crore, up from ₹63,973 crore in the same quarterly period last year.