Mumbai, Jan. 12 -- Tata Consultancy Services (TCS) officially announced a decline in its profit after tax (PAT) for the third quarter of the financial year (Q3 FY26), on Monday, though its revenue rose by 5%.
The company has attributed its Q3 FY26 PAT decline to a one-time charge related to the labour code and legal claims, along with restructuring expenses, according to its statement.
TCS posted a 13.9% (calculated as 14%) year-on-year (YoY) decline in its consolidated net profit to Rs 10,657 crore as compared to Rs 12,380 crore for the same period last year. On a sequential basis, PAT was lower by 11.7% from Rs 12,075 crore posted in the previous September quarter of FY26.
The decline in Q3 FY26 PAT was despite a marginal growth of alm...