Midsize tech firm Larsen & Toubro Infotech (which is in 18 stock screeners) delivered a strong Q3 performance today, delivering double digit growth in net profits and revenues YoY (sequential profit showed a decline). The company also grew its operating profit margins at 20.5% YoY. The company has logged the eighth straight quarter of growth, as IT midcaps deliver strong performances even as the bigwigs see a rockier economic environment.
NIIT Tech and Atul Limited are also seeing their share prices jump on Q3 results. 3i Infotech and Rallis India on the other hand, saw weak Q3 results, with Rallis falling on high volumes on the news.For the full result dashboard, click here.