Behind the ₹4,500-crore profit slump: Why India’s IT majors TCS, Infosys, HCLTech, Tata Elxsi took a Q3 earnings hit

The four IT companies recorded a steep double-digit decline in profits for the December quarter, according to their stock exchange filings. The companies attributed the shrunken profits to the implementation of the new labour codes.

Behind the  ₹4,500-crore profit slump: Why India’s IT majors TCS, Infosys, HCLTech, Tata Elxsi took a Q3 earnings hit
The four IT companies recorded a steep double-digit decline in profits for the December quarter, according to their stock exchange filings. The companies attributed the shrunken profits to the implementation of the new labour codes.

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