{"id":986829,"date":"2026-01-21T08:34:51","date_gmt":"2026-01-21T03:04:51","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=986829"},"modified":"2026-01-21T08:39:15","modified_gmt":"2026-01-21T03:09:15","slug":"persistent-systems-profit-down-6-8-labour-code-wage-hike-impacts-margin","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/21\/persistent-systems-profit-down-6-8-labour-code-wage-hike-impacts-margin\/","title":{"rendered":"Persistent Systems profit down 6.8%, labour code, wage hike impacts margin"},"content":{"rendered":"<p>Persistent Systems reported a 6.8% quarter-on-quarter decline in net profit to \u20b9439.4 crore for the December quarter. The company attributed this sequential profit decrease to the new labour codes and a one-time impact on EBIT. Profits were adversely affected by additional provisions for gratuity and leave encashment as mandated by the new labour codes, which impacted profits by 250 basis points. Additionally, a wage hike offered in October contributed an impact of 180 basis points, while furloughs during the quarter added further pressure, contributing an additional 20 basis points.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Persistent Systems reported a 6.8% quarter-on-quarter decline in net profit to \u20b9439.4 crore for the December quarter. The company attributed this sequential profit decrease to the new labour codes and a one-time impact on EBIT. Profits were adversely affected by additional provisions for gratuity and leave encashment as mandated by the new labour codes, which impacted profits by 250 basis points. Additionally, a wage hike offered in October contributed an impact of 180 basis points, while furloughs during the quarter added further pressure, contributing an additional 20 basis points.<\/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-986829","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\/986829","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=986829"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/986829\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=986829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=986829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=986829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}