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L&T Technology Services said that the new labour codes have resulted in a material increase in provision for employee ...

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The IT majors see this as a one-time cost, which will have an impact of around 10-20 bps on operating margins annually.

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L&T Technology Services (LTTS) reported a 6.14% decline in net profit for Q3 FY26, impacted by new Labour Codes provisions.

Tata Consultancy Services (TCS), Infosys, and HCLTech—have taken a combined financial hit of over ₹4,373 crore in exceptional charges following the implementation of the country’s new labour codes.

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