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Indian IT firms face ₹5,400 crore in new labor code provisions.
ByAinvest
Monday, Jan 19, 2026 10:25 am ET1min read
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India's top six IT companies - TCS, Infosys, HCLTech, Wipro, Tech Mahindra, and LTIMindtree - took a combined hit of ₹5,400 crore due to new labour codes. The codes forced a structural shift in employee benefits calculation, leading to a 13.9% drop in TCS net profit, a 2.2% drop in Infosys net profit, and a 7% decline in Wipro's net profit. Despite the impact, the sector's operational health remains resilient with a robust deal pipeline and a surge in AI-led demand.
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