HCLTech Q3 profit falls 11% on labour code cost impact
BENGALURU: IT services company HCLTech on Monday reported an 11% year-on-year (YoY) drop in consolidated net profit for the December quarter, impacted by one-time costs related to the implementation of India’s new labour codes.
The company posted a consolidated net profit of Rs 4,076 crore in Q3 FY26, compared with Rs 4,591 crore in the same period last year. On a sequential basis, net profit declined 3.8%.
