<h1>New labour code rollout triggers Rs 2,128 crore one-time charge, squeezing quarterly profit; board recommends Rs 57 dividend per share</h1> Implementation of new labour codes during the quarter triggered a one-time statutory charge of Rs 2,128 crore, for which the company provided over Rs 2,100 crore (including amounts toward gratuity and leave encashments). This reduced reported quarterly profit despite underlying profit growth excluding the one-time impact. The labour code changes are also stated to have an ongoing 0.10-0.15 per cent adverse impact on operating margins, affecting future profitability. The board recommended a dividend of Rs 57 per share, including a special dividend of Rs 46, creating a shareholder entitlement subject to applicable corporate law and approval processes.