By Haripriya Suresh, Hritam Mukherjee and Sai Ishwarbharath B MUMBAI/BENGALURU (Reuters) -Indian software services provider Tech Mahindra's chief executive expects 2025 to be better than last year, after subdued demand in its mainstay telecom segment led to an earnings miss in the third quarter.

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.

Jio Financial Services Ltd on Friday said its consolidated profit remained flat at ₹ 295 crore for the third quarter ended in December 2024. The company had earned a consolidated net profit of ₹ 294 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing.

Tech Mahindra’s Q3 profit skyrocketed 92.63 per cent to Rs 983.2 crore in comparison to Rs 510.4 crore posted during the same period of previous financial year.

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.

Indian software services provider Tech Mahindra reported lower-than-expected third-quarter revenue on Friday on weak demand in its mainstay telecom segment.

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.

Seshasayee Paper and Boards Ltd on Friday (January 17) reported a 75.9% year-on-year (YoY) decline in net profit at ₹16.6 crore for the third quarter that ended December 31, 2024.

IT and Consulting giant firm, Tech Mahindra announced the Q3 results ending on December 31, 2024. The company held the meeting today. “approved the Audited Consolidated and Standalone Financial Result