LTIMindtree third quarter profit declines as India new labour codes drive regulatory charges
LTIMindtree reported an 8.3% drop in profit to 9.71 billion rupees due to new labour code charges. Operational strength remained firm with record order bookings.
Insights:
LTIMindtree reported a net profit of 9.71 billion rupees for its third quarter on January 19, 2026, marking an 8.3% decline from previous levels. This drop was primarily caused by one-off charges of approximately 5.9 billion rupees associated with the implementation of new labour codes in India 
IN. These regulations, which took effect in November 2025, represent the biggest overhaul of workers laws in the country in decades. As a manpower-heavy business, the IT services sector has faced immediate regulatory cost burdens from these changes.
IN. These regulations, which took effect in November 2025, represent the biggest overhaul of workers laws in the country in decades. As a manpower-heavy business, the IT services sector has faced immediate regulatory cost burdens from these changes.
