TCS Q3 profit down by 14%

Real question is why? 2 reasons.

1. Almost INR 1,000 Cr. Provision
   for a case going on in the US courts. Most probably due to IP/copyright issues. When company reduce cost everywhere, sometimes it costs a lot!
2. Almost INR 2,000cr. for new labor law. Most probably as government is mandating every company to increase basic pay % and company has to pay 12% of basic in provident fund, this amount is for that. TCS keeps basic pay bare minimum. if it is going to increase it, then it will cut 12% cut from basic pay for epf. In some cases, employees might get less in hand salary than previous years.

Searching for any more insights in terms of geo wise revenue.

Baki AI revenue & all is all hollow words. Nothing worth spending time on that.