Is the new Labour Codes introduced by Indian government, an another risk to earnings? Two of India\u2019s IT majors Tata Consultancy Services (TCS) and HCLTech, reported a sharp decline in Q3 profit as a result of the the new labour code and restructuring expenses. Jefferies in its report noted that the impact is not one time on profit but it is also recurring in nature as the employee cost will rise sustainably. The brokerage said the changes may hit company profits by as much as 10\u201320% in Q3FY26, while recurring employee expenses could rise by up to 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Is the new Labour Codes introduced by Indian government, an another risk to earnings? Two of India\u2019s IT majors Tata Consultancy Services (TCS) and HCLTech, reported a sharp decline in Q3 profit as a result of the the new labour code and restructuring expenses. Jefferies in its report noted that the impact is not one time on profit but it is also recurring in nature as the employee cost will rise sustainably. The brokerage said the changes may hit company profits by as much as 10\u201320% in Q3FY26, while recurring employee expenses could rise by up to 5%.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-985283","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/985283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=985283"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/985283\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=985283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=985283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=985283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}