By Kosaku Narioka
Tata Consultancy Services reported a decline in third-quarter net profit due to expenses related to new labor regulations in India and other one-off items.
The Indian information-technology services provider said Monday that net profit fell 14% from a year earlier to 106.57 billion rupees, equivalent to $1.18 billion, for the three months ended December. That missed the estimate of 128.16 billion rupees in a poll of analysts by data provider Visible Alpha.
Third-quarter revenue increased 4.9% to 670.87 billion rupees.
Profit from its banking, financial services and insurance segment rose to 68.61 billion rupees from 64.03 billion rupees.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
01-12-26 0554ET


















