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…