Magnanimous Trade & Finance Ltd. reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 0.13 million compared to INR 4.26 million a year ago. Revenue was INR 0.813 million compared to INR 4.91 million a year ago. Net loss was INR 0.183 million compared to net income of INR 2.11 million a year ago. Basic loss per share from continuing operations was INR 0.19 compared to basic earnings per share from continuing operations of INR 2.21 a year ago. Diluted loss per share from continuing operations was INR 0.19 compared to diluted earnings per share from continuing operations of INR 2.21 a year ago.