After a poor Q2, Gokaldas Exports shares decline, and profit drops by 72%.

Gokaldas Exports Ltd.'s shares opened down on Wednesday, November 12, after closing nearly 6% higher on Tuesday. The company's September-quarter performance was modest due to margin challenges and deterioration in its operations in Africa. Consolidated revenue for the company increased by 5.9% to ₹984 crore from ₹929 crore in the previous year. However, margins shrank to 6.6% from 7.5% a year earlier, and EBITDA fell 6.9% to ₹64.8 crore. Net profit dropped from ₹28.1 crore to ₹8 crore, a significant 71.5% year-over-year decline.