LTIMindtree suffers 12% fall in Q3 net profit, at Rs 959 crore

LTI Mindtree, India’s sixth-largest software services company, reported an 11.7% decline in net profit on-year to Rs 959 crore for September-December period, weighed down by one-time expenses of Rs 590 crore related to labour code implementation.

Sequentially, too, profit was down 30.5%, although the bottomline climbed, excluding the one-off items.