Larsen and Toubro Infotech (LTI), a subsidiary of construction major Larsen & Toubro (L&T), has posted a marginal fall of 0.5% in consolidated net profit at Rs 634.4 crore for the quarter ended June 30. In comparison, the technology firm had posted a net profit of Rs 637.5 crore in the sequential fourth quarter ended March. However, the company’s earnings beat Bloomberg analysts’ consensus estimate, who were expecting the firm to post a net profit of Rs 578.6 crore in the first quarter of this financial year. LTI’s consolidated revenue from operations rose 5.14% to Rs 4,522.8 crore from Rs …
