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TCS profit fell 13.9% YoY in Dec quarter due to one-time labor code costs, despite revenue growth and a ₹57 dividend.
TCS reported a 13.9% year-on-year drop in December quarter net profit to ₹10,657 crore, citing one-time costs from new labour codes as a key factor.
Revenue rose 4.9% to ₹67,087 crore, exceeding estimates.
The company attributed the profit decline to compliance and restructuring expenses, calling the impact temporary.
TCS maintained its leadership in India’s IT sector and declared a ₹57 dividend.
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La ganancia de TCS cayó un 13.9% interanual en el trimestre de diciembre debido a los costos del código laboral de una sola vez, a pesar del crecimiento de los ingresos y un dividendo de ₹57.