MUMBAI: IT major Infosys on Wednesday reported a decline in its consolidated net profit for the October–December quarter (Q3 FY26), mainly due to the impact of the Indian government’s recent Labour Code norms.
Infosys said its consolidated net profit fell 2.2 per cent year-on-year (YoY) to Rs 6, 666 crore in the third quarter, compared with Rs 6, 822 crore in the same period last financial year (Q3 FY25).
On a quarter-on-quarter (QoQ) basis, profit dropped sharply by nearly 9.6 per cent from Rs 7, 375 crore reported in the previous quarter of the current financial year (Q2 FY26), according to its stock exchange filing.
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