Ltd, India's second-largest IT services company, announced its consolidated financial results for the third quarter ended December 31, 2025 (Q3 FY26), reporting a modest year-on-year decline in profitability due to a significant one-time provision related to India's new Labour Codes, while showcasing resilient revenue growth and strong deal momentum. Consolidated net profit stood at ₹6,654 crore, down 2.2% YoY from ₹6,806 crore in Q3 FY25. The dip was primarily attributable to a one-time exceptional charge of ₹1,289 crore (approximately $143 million), stemming from adjustments to gratuity and leave liabilities following the implementation of the new Labour Codes effective November 2025. This statutory impact was recognized in the Consolidated Statement of Comprehensive Income. Excluding this exceptional item, the company's underlying performance remained solid. Revenue from operations grew 8.9% YoY to ₹45,479 crore (from ₹41,764 crore in the prior year), driven by steady contributions from key verticals like financial services and manufacturing. In constant currency terms, revenue increased 1.7% YoY and 0.6% QoQ, beating expectations in a seasonally weak quarter.

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