Behind the ₹4,500-crore profit slump: Why India’s IT majors TCS, Infosys, HCLTech, Tata Elxsi took a Q3 earnings hit by Live mint | January 15, 2026 4:11 pm | Indian Stocks, Market, News The four IT companies recorded a steep double-digit decline in profits for the December quarter, according to their stock exchange filings. The companies attributed the shrunken profits to the implementation of the new labour codes.
