TCS Profits Drop Due to Labour Code

Tata Consultancy Services (TCS) reported a drop in profits for the third quarter of the fiscal year 2026.

The company's net profit fell by 14% compared to the same period last year, mainly because of new labour laws and restructuring costs.

Despite this, TCS's revenue grew by 4.58% year-on-year.

The company also announced a big dividend for its shareholders.

TCS is focusing on growing its artificial intelligence (AI) services, which now generate $1.8 billion in annual revenue.

The CEO said the company is committed to becoming the world's largest AI-led technology services company.

TCS shares closed slightly higher on the stock exchange.