GRAPHITE

te India shares crash 13% as Q3 earnings disappoint Street

Shares of

hite India tumbled as much as 13 percent to Rs 402 on February 12 after the company’s third-quarter earnings failed to meet investor expectations. The company reported a net loss of Rs 20 crore, a sharp reversal from the Rs 18 crore profit recorded in the same quarter last year, as revenue and profitability took a hit.