Magnanimous Trade & Finance Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items of INR 0.972 million, loss from ordinary activities before tax of INR 0.064 million and net loss after taxes, minority interest and share of loss of associates of INR 0.052 million or INR 0.06 per basic and diluted share (after extraordinary items not annualized) compared to loss from operations before other income, finance costs and exceptional items of INR 0.663 million, loss from ordinary activities before tax of INR 0.050 million and net loss after taxes, minority interest and share of loss of associates of INR 0.035 million or INR 0.04 per basic and diluted share (after extraordinary items not annualized) reported in the same period last year.

For the nine months, the company reported loss from operations before other income, finance costs and exceptional items of INR 2.576 million, loss from ordinary activities before tax of INR 0.130 million and net loss after taxes, minority interest and share of loss of associates of INR 0.122 million or INR 0.13 per basic and diluted share (after extraordinary items not annualized) compared to loss from operations before other income, finance costs and exceptional items of INR 1.841 million, profit from ordinary activities before tax of INR 0.255 million and net profit after taxes, minority interest and share of loss of associates of INR 0.160 million or INR 0.17 per basic and diluted share (after extraordinary items not annualized) reported in the same period last year.