Magnanimous Trade & Finance Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company's loss from operations before other income, finance cost and exceptional items was INR 0.873 million compared with INR 0.0.804 million a year ago. Loss from ordinary activities before tax was INR 0.156 million compared with profit before tax of INR 0.134 million a year ago. Net loss was INR 0.115 million or INR 0.12 per basic and diluted share before and after extraordinary items compared with net profit of INR 0.077 million or INR 0.08 per basic and diluted share before and after extraordinary items a year ago.

For the six months, the company's loss from operations before other income, finance cost and exceptional items was INR 1.605 million compared with INR 1.179 million a year ago. Loss from ordinary activities before tax was INR 0.067 million compared with profit before tax of INR 0.204 million a year ago. Net loss was INR 0.070 million or INR 0.07 per basic and diluted share before and after extraordinary items compared with net profit of INR 0.125 million or INR 0.13 per basic and diluted share before and after extraordinary items a year ago.