{"id":986512,"date":"2026-01-20T08:54:36","date_gmt":"2026-01-20T03:24:36","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=986512"},"modified":"2026-01-20T09:18:10","modified_gmt":"2026-01-20T03:48:10","slug":"ltimindtree-profit-drops-31-on-labour-code-charge","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/20\/ltimindtree-profit-drops-31-on-labour-code-charge\/","title":{"rendered":"LTIMindtree profit drops 31% on labour code charge"},"content":{"rendered":"<p>LTIMindtree on Monday reported a sharp 31% sequential decline in its net profit for the October-December quarter, as a one-time charge linked to the implementation of new labour codes weighed on earnings. <\/p>\n<p>The country\u2019s sixth-largest IT services company posted a net profit of Rs 971 crore for the quarter, compared with Rs 1,401 crore in the September quarter. <\/p>\n<p>The profit number came in well below Bloomberg\u2019s consensus estimate of Rs 1,413 crore. The company said the decline was largely on account of a Rs 590 crore charge related to the new labour codes. Excluding this impact, net profit would have stood at Rs 1,401 crore, broadly in line with street expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LTIMindtree on Monday reported a sharp 31% sequential decline in its net profit for the October-December quarter, as a one-time charge linked to the implementation of new labour codes weighed on earnings. The country\u2019s sixth-largest IT services company posted a net profit of Rs 971 crore for the quarter, compared with Rs 1,401 crore in the September quarter. The profit number came in well below Bloomberg\u2019s consensus estimate of Rs 1,413 crore. The company said the decline was largely on account of a Rs 590 crore charge related to the new labour codes. Excluding this impact, net profit would have [&hellip;]<\/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-986512","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\/986512","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=986512"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986512\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=986512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=986512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=986512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}