TCS Profit Plunges 14% to ₹10,657 Crore in December Quarter Amid Exceptional Charges

• TCS reported a 14% year-on-year drop in net profit to ₹10,657 crore for the December quarter.
• Exceptional charges totaling ₹2,128 crore, including restructuring, new labor laws, and a US legal battle, significantly impacted profits.
• The company's revenue increased by 5% year-on-year to ₹67,087 crore, aligning with analyst estimates.
• Excluding exceptional items, net profit would have risen by 8.5% to ₹13,438 crore.
• New labor codes are expected to have a total impact of ₹2,182 crore on the company.

Why It Matters: TCS's Q3 profit fell sharply due to one-off exceptional charges, despite revenue growth.