Mumbai, Jan. 14 -- On November 21, 2025, the Government of India notified provisions of the Labour Codes, which consolidate 29 existing labour laws into a unified framework governing employee benefits during and after employment. The changes introduce, among other measures, a uniform definition of wages and enhanced leave-related benefits.

The Labour Codes have resulted in an increase in gratuity liability due to past service costs and higher leave liability, together amounting to $143 million (Rs 1,289 crore). This impact has been recognized in the Consolidated Statement of Comprehensive Income.

On a year-on-year (YoY) basis, the company's net profit declined 2.29%, while revenue increased 8.9% in Q3 FY26. Profit before tax (PBT) stood...