IT services giants HCLTech and TCS reported their Q3 FY26 results, with both experiencing a decline in net profit year-on-year. HCLTech's profit fell 11.2% to Rs 4,076 crore, impacted by a one-time Rs 719 crore provision for new labor codes. TCS reported an 11.7% sequential profit drop to Rs 10,657 crore, also citing restructuring and labor code impacts. Despite profit dips, both firms saw revenue growth, with HCLTech's revenue up 13.3% and TCS's up 4.86%. Both companies highlighted AI as a key growth driver and declared dividends.