Labour Code Change Dent Mphasis Q3 Profits, Revenue Rises 2.6% QoQ

Mphasis Limited reported a 2.6% quarter-on-quarter and 12.4% year-on-year increase in revenue in the third quarter of FY26, but a change in labour laws led to a charge of ₹35.5 crore, denting profitability during the period. For the quarter ended December, the IT services company said revenue rose to ₹4,002.6 crore in reported terms.In constant […]

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