Magnanimous Trade & Finance Ltd. announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company's loss from operations before other income, finance cost and exceptional items was INR 0.6 million compared with INR 0.78 million a year ago. Profit from ordinary activities before tax was INR 0.13 million compared with INR 0.56 million a year ago. Net profit was INR 0.08 million or INR 0.08 per basic and diluted share compared with INR 0.55 million or INR 0.57 per basic and diluted share a year ago.

For the six months, the company's net sales/income from operations was INR 0.17 million compared with INR 1.9 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 1.2 million compared with INR 1.2 million a year ago. Profit from ordinary activities before tax was INR 0.2 million compared with INR 1.4 million a year ago. Net profit was INR 0.13 million or INR 0.13 per basic and diluted share compared with INR 1.1 million or INR 1.15 per basic and diluted share a year ago.