MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment. The company's revenue rose 1.

Sequentially, net profit declined 21.36 percent. The decline in profit is due to a higher base reported in previous quarter, that came from a one-time special income from sale of assets.

Rallis India, a Tata Enterprise, on Friday reported a 54.16 per cent on-year decline in net profit to Rs 11 crore for the quarter ended December 31, 2024.

During the quarter under review, profit came at Rs 3,353.8 crore as against Rs 2,694.2 crore in the year-ago period.

The company announced its quarterly results for the October-December quarter (Q3) of FY 25 in an exchange filing during the post market hours of . The company’s earnings per share (EPS) stood at Rs 4.

Infosys, India's second-largest IT services provider, reported better-than-expected third-quarter revenue on Thursday, aided by a pickup in demand in its banking and financial services vertical, and raised its full-year revenue forecast.

India's No.2 software-services exporter Infosys raised its annual revenue forecast for the third time this financial year on Thursday as its U.S. banking and retail clients warmed up to spending more on discretionary projects.

IT services major Infosys on Thursday reported 11.46 per cent increase in consolidated net profit at Rs 6,806 crore for December quarter FY25 and raised its guidance on the back of growth in financial services and manufacturing.

Infosys upgraded its FY25 revenue growth guidance to 4.5-5 per cent in constant currency (CC) terms from 3.75-4.5 per cent. It maintained its margin guidance at 20–22 per cent.