The company’s net profit for the quarter under review stood at Rs 49 crore, down 2% from Rs 50 crore reported in the same quarter of the previous fiscal year. Its Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) fell by 17% from June to Rs 17. EBITDA margin for the quarter declined by 440 basis points to 63% from 68% in June.Sequentially, Canara’s revenue from operations declined 11%, while its net profit 20% due to higher expenses.Despite today’s decline in the stock price, IPO invest ...