India, Jan. 15 -- The third quarter of the current fiscal continues to be a challenging one for technology majors, with Infosys subdued performance. Consolidated net profit of India's second-largest IT services company declined 9.6% sequentially and 2.2% on year to Rs 6,654 crore, impacted by one-time exceptional charge due to the new labour codes and higher tax expenses.

The company had reported a net profit of Rs 6,806 crore as of the quarter ended September 30, and Rs 7,364 crore in the year ago period.

Topline numbers, however, were robust, with revenue increasing nearly 9% on year to Rs 45,479 crore compared to Rs 41,764 crore in the quarter ended December 31, 2024. On a sequential basis, the company's revenue grew by a modest 2.2%...