India, Jan. 13 -- The country's largest IT services company TCS on Monday reported 13.91 per cent decline in December quarter net profit at Rs 10,657 crore, hit by one-time impact of the implementation of new labour codes.

The Tata Group company's net profit was Rs 12,380 crore in the October-December period of FY25 and Rs 12,075 crore in the preceding September quarter, a Statement said. Implementation of the new labour codes during the quarter led to a "statutory impact" of Rs 2,128 crore, the company said, adding that but for all the one-time impact, its profit would have grown 8.5 per cent to Rs 13,438 crore.

The company, one of the largest private sector employers in the country, disclosed that the overall headcount was down by 11,...