{"id":986053,"date":"2026-01-17T09:41:54","date_gmt":"2026-01-17T04:11:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=986053"},"modified":"2026-01-17T10:12:42","modified_gmt":"2026-01-17T04:42:42","slug":"tech-mahindra-q3-profit-rises-14-despite-labour-code-costs","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/17\/tech-mahindra-q3-profit-rises-14-despite-labour-code-costs\/","title":{"rendered":"Tech Mahindra Q3 profit rises 14% despite labour code costs"},"content":{"rendered":"<p>Tech Mahindra reported a 14% year-on-year increase in consolidated net profit for the December quarter, supported by strong margin expansion, even as the company took one-time exceptional charges linked to the implementation of new labour codes. <\/p>\n<p>The Pune-headquartered IT services firm posted a net profit of Rs 1,122 crore for the third quarter of FY26, compared with Rs 983.2 crore in the same period last year. However, it fell 6% sequentially due to a one-time exceptional charge of Rs 272.4 crore related to the implementation of the new labour codes, which increased gratuity and leave-related liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech Mahindra reported a 14% year-on-year increase in consolidated net profit for the December quarter, supported by strong margin expansion, even as the company took one-time exceptional charges linked to the implementation of new labour codes. The Pune-headquartered IT services firm posted a net profit of Rs 1,122 crore for the third quarter of FY26, compared with Rs 983.2 crore in the same period last year. However, it fell 6% sequentially due to a one-time exceptional charge of Rs 272.4 crore related to the implementation of the new labour codes, which increased gratuity and leave-related liabilities.<\/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":[75,4,17],"tags":[],"class_list":["post-986053","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986053","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=986053"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986053\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=986053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=986053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=986053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}