Sustainable margins to aid Profitability; Upgrade to BUY KPIT reports a muted Q2FY19 with USD revenue improving by 1.3% QoQ (2.9% QoQ in CC terms) to USD 153mn (DCMe: USD 153mn) led by engineering, technologies and products & platforms business. Rupee revenues improved 6.4% QoQ to ` 10,789mn (DCMe: ` 10,691mn) helped by INR depreciation. EBIT margin improved 73bps QoQ to 10.2% (DCMe: 7.9%) supported by operational efficiencies and FX tailwind which offset the negative impact of wage hike during the quarter. PAT improved 6%...