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Tata Tech Q3 results: Revenue from operations climbs nearly 4% YoY; profit plunges 96%, impacted by new labour codes

Tata Technologies reported a significant 96% year-on-year drop in consolidated profit for Q3FY26, attributed to the impact of new labour codes, while revenue increased by 3.7%. In contrast, Tech Mahindra experienced a 14% rise in net profit and an 8% increase in revenue during the same quarter, although its net profit decreased by 6.03% from the previous quarter due to similar labour code impacts.

Tata Tech Q3 results: Revenue from operations climbs nearly 4% YoY; profit plunges 96%, impacted by new labour codes

Credit: Livemint

Key Highlights

  • Tata Technologies' profit fell to ₹6.64 crore from ₹168.64 crore YoY, impacted by ₹139.87 crore from new labour codes.
  • Tata Technologies' revenue rose 3.7% YoY to ₹1,365.73 crore.
  • Tech Mahindra's net profit increased 14% YoY to ₹1,122 crore but decreased 6.03% from the previous quarter.
  • Tech Mahindra's revenue climbed 8% YoY to ₹14,393 crore.
  • Tech Mahindra's EBIT margin improved to 13.1%, with EBIT rising 40.1% compared to the previous year.
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Sources

  1. Tech Mahindra Q3 Results: Revenue up 2.8% even as net profit shows labour-code impact
  2. Tata Tech Q3 results: Revenue from operations climbs nearly 4% YoY; profit plunges 96%, impacted by new labour codes
  3. Tech Mahindra Q3 results: Net profit rises 14% to 1,122 crore YoY; revenue up 8%

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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