India’s new labour codes could wipe out up to a fifth of IT profits, Jefferies warns
- Posted on January 13, 2026
- By Business News Today
- 2 Views
India’s new labour codes could wipe out up to a fifth of IT profits, Jefferies warns
Jefferies warns Indias IT sector faces a sharp earnings hit from new labour codes, with December-quarter profits potentially falling 10–20%, margins pressured longer term, costs structurally rising, uneven company impact, and only selective stock buy recommendations remaining amid slowing demand.
