
Q3 Results: New Labour Codes Dent IT Majors’ Profits by ₹5,400 Crore
January 22, 2026
India’s leading IT services firms reported a sharp one-time earnings impact in the December quarter as the implementation of the new labour codes forced changes in employee benefit provisioning. Collectively, the country’s top six IT companies—TCS, Infosys, HCLTech, Wipro, Tech






