HCLTech , India's no. 3 software services provider, plunged 8% on Tuesday after reporting a smaller-than-expected quarterly revenue and as a slew of brokerages cut their ratings on the shares.

HCLTech has revised its revenue growth guidance for FY25, raising the lower end by 100 basis points in constant currency (CC) terms. The company now expects revenue growth of 4.5-5% YoY in CC, up from the previous estimate of 3.5-5%. Additionally, services revenue growth is projected to be in the same 4.5-5% YoY range.

HDFC Asset Management Company's (AMC's) net profit rose 31.4% to ₹641.4 crore in third quarter of FY25, compared to ₹488 crore in the same quarter last year. Revenue surged 39.2% to ₹934.6 crore, up from ₹671.

By Manvi Pant (Reuters) -Shares of HCLTech plunged nearly 10% on Tuesday, set for their worst session since September 2015, after India's No. 3 software services provider missed quarterly revenue estimates and raised only the lower end of its full-year sales outlook.

Indias third-largest IT services provider, saw its shares fall on Tuesday following third-quarter results that missed revenue forecasts. The company reported a 5.1% rise in

IT company HCLTech on Monday reported a 5.54 per cent uptick in consolidated net profit to Rs 4,591 crore for the December quarter as the CEO expressed optimism for improvement in the demand environment and discretionary spending and raised the revenue growth guidance.

HCLTech , India's third-largest software company, posted a smaller-than-expected December-quarter revenue on Monday, with clients holding back discretionary tech spending amid macroeconomic uncertainties.

HDFC Asset Management Company (AMC), on Tuesday, reported a 31 per cent year-on-year (YoY) rise in its net profit to ₹641 crore for the quarter ending on December 31, 2024. Revenue from operations for Q3FY25 reached to ₹935 crore,