Tata Elxsi, 5paisa Capital Shares Plunge Post Q3 Results; New Labor Codes Impact Profit

• Tata Elxsi shares dropped over 3% to Rs 5,601 after reporting Q3 FY26 net profit of Rs 108.89 crore, a 45% YoY decline.
• The significant profit drop for Tata Elxsi includes an exceptional item of Rs 95.69 crore due to the one-time impact of New Labor Codes effective November 21.
• The New Labor Codes led to an estimated one-time increase in employee benefits provision for Tata Elxsi, recognized as an exceptional item.
• Despite the profit decline, Tata Elxsi's revenue from operations increased by over 1.5% to Rs 953.47 crore.
• 5paisa Capital shares tumbled more than 7% to Rs 331 after its Q3 FY26 consolidated net profit fell 24% YoY to Rs 12.3 crore, with revenue down over 7%.

Why It Matters: Tata Elxsi and 5paisa Capital shares fell sharply due to disappointing Q3 results, with new labor codes impacting Tata Elxsi's profit.