TCS Q3 profit drops 14% as labour law costs bite
BENGALURU: IT major Tata Consultancy Services (TCS) on Monday reported a 14% year-on-year decline in consolidated net profit for the December quarter, mainly due to exceptional costs related to labour law changes, legal provisions and restructuring expenses.
The company posted a net profit of Rs 10,657 crore, compared to Rs 12,380 crore in the same period last year.
