Yaar, ye naye Labour Codes jo aaye hain na, ye desh ke 29 purane laws ko ek saath laye hain. Iska matlab hai ki companies ko ab salary structure, jaise ki basic pay minimum 50% hona chahiye, aur gratuity ke rules bhi badalne pad rahe hain. Isi badlav ke liye 41 Nifty 50 companies ne milkar Oct-Dec 2025 quarter mein ₹13,307 crore ka provision kiya hai.
IT Sector Par Sabse Zyada Maar
Sabse zyada pressure toh IT sector par pada hai. Socho, TCS ne hi akela ₹2,128 crore ka exceptional charge dikhaya, jisne unka net profit 14% tak kam kar diya! Infosys ne ₹1,289 crore aur HCL Technologies ne ₹956 crore alag se rakhe hain. Ye sab basically gratuity calculation aur salary rules change hone ki wajah se hai. TCS ke CFO ne toh bola hai ki unke margin par lagbhag 0.10-0.15% ka ongoing impact rahega. Top 6 IT companies ka total ₹5,400 crore hit hua is quarter mein.
Dusre Sectors Aur Banks Ka Kya?
Sirf IT hi nahi, aur bhi badi companies ne provisions ki hain. Infra giant Larsen & Toubro ne ₹1,344 crore (tax ke baad) alag rakhe. Air India ki jagah IndiGo ne ₹969 crore ka provision kiya, jo uske quarterly profit se bhi lagbhag double tha! Banks mein bhi alag alag numbers hain. HDFC Bank ne ₹1,037 crore, ICICI Bank ne ₹215 crore, aur Kotak Mahindra Bank ne ₹128 crore provision kiye. Axis Bank ne sirf ₹33 crore kiye, kyunki woh 2020 se hi social security expenses ka provision kar rahe the.
'Not Material' Walon Ka Sach?
Aur fir kuch badi companies hain jaise Reliance Industries, State Bank of India (SBI), NTPC, Power Grid, aur yahan tak ki Zomato bhi, jinhone bola ki 'impact material nahi hai' yaani koi khas farak nahi pada. Yeh thoda surprising hai, khaas kar jab companies ka market cap itna bada hai, jaise SBI ka ₹9.84 lakh crore ya Reliance ka ₹19.63 lakh crore. Isse lagta hai ki sab companies isko alag tarike se handle kar rahi hain ya shayad kuch expenses ko postpone kar rahi hain.
Aage Kya?
Dekho, ye naye Labour Codes India ke employment regulations mein ek bada change hai. Isse long term mein workforce mein flexibility aa sakti hai aur global competitiveness badh sakti hai. Par filhal, companies ko iski financial adjustment karni pad rahi hai. Investors ko dhyaan rakhna hoga ki ye provisions future earnings ko kaise affect karte hain aur kya 'not material' claim sabke liye sach hai. Market in cheezon ko kaise dekhta hai, yeh dekhna hoga.