India's Cyient posts quarterly profit fall on one-off labour code charges [Yahoo! Finance]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
The engineering, research and development (ER&D) firm's consolidated ?net profit fell to 918 million rupees ($10.02 million) from 1.22 billion rupees last year. The company incurred charges of 420 million rupees to comply with new ?labour codes implemented ?in November, denting its bottomline. India's new codes - the country's biggest overhaul of workers' ?laws in decades - have dragged the profit of firms in India's manpower-heavy IT sector, including that of Wipro (WIPR.NS), ?TCS, Infosys and HCLTech (HCLT.NS). Revenue in its digital, engineering ?and technology (DET) segment, which accounts for around 75% of overall revenue, fell 0.7%, which the company attributed to "a fluid macroeconomic environment and a typically soft third quarter due to furloughs." Total revenue fell ?1.6% to 18.79 billion. Cyient also ?incurred a charge worth 80 ?million rupees due to mergers and acquisitions expenses related to the spin-off of its ?semiconductor unit. Peer ?Tata Elxsi too repor
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INFY
Earnings
- 1/15/26 - Miss
INFY
Sec Filings
- 1/20/26 - Form 6-K
- 1/14/26 - Form 6-K
- 12/31/25 - Form 6-K
- INFY's page on the SEC website