India's Tata Tech has quarterly profit plummet 96% on one-time labour code charge

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Jan 16 : Engineering research and development (ER&D) firm Tata Technologies reported a 96 per cent drop in third-quarter profit on Thursday, hurt primarily by a one-time charge tied to India's new labour codes, their largest such drop since the company's 2023 market debut. Going forward, the firm is still "poised for a sharp acceleration in Q4," CEO Warren Harris said in a statement, expecting more than 10 per cent sequential revenue growth. The Tata group company, which counts Jaguar Land

India's Tata Tech has quarterly profit plummet 96% on one-time labour code charge https://www.channelnewsasia.com/ - 16.01.2026 14:57

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India's Tata Tech has quarterly profit plummet 96% on one-time labour code charge https://www.channelnewsasia.com/ - 16.01.2026 14:57