Trendlyne had pointed to IT services firm L&T Infotech as a strong performer after it announced its Q4FY17 results and the company continues to beat analyst expectations in its most recent results. L&T Infotech saw its net profit increase for the quarter ended September 2017, with profits rising 2.2% QoQ to Rs. 273 crore. This beats the consensus estimate of Rs. 262 crore. Sequential revenue increased 4.8% for Q2 to Rs. 1,751 crore.
The management said that the focus continues to be on margin improvement, and the company saw its EBIT margins rise by 10 bps to 16.8% QoQ. LTI's share price is trending up today on high volumes.