Outcome of Board Meeting held today i.e, February 12, 2026
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The Board of Directors of Magnanimous Trade & Finance Ltd met on February 12, 2026 (1:00 PM to 1:30 PM) and approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025, on the recommendation of the Audit Committee. Total revenue from operations for Q3 FY26 stood at Rs. 72.17 lakhs, almost entirely from interest income (Rs. 72.17 lakhs), compared to Rs. 882.35 lakhs in Q3 FY25 which included large sales income. For the nine months ended December 2025, total income was Rs. 198.19 lakhs versus Rs. 964.87 lakhs in the same period last year, reflecting the absence of large trading sales this year. Profit before tax for Q3 FY26 was Rs. 36.41 lakhs (vs Rs. 712.60 lakhs in Q3 FY25), but after a deferred tax charge of Rs. 186.93 lakhs, the company reported a small net loss of Rs. 1.65 lakhs for the quarter. KPCM & Co., Chartered Accountants, issued an unmodified limited review report with no adverse observations.
The results show a sharp year-on-year decline in revenue and profit because last year's Q3 included large one-time trading sales; the company's core business now appears to be interest income from its NBFC operations. The small Q3 net loss (EPS of Rs. -0.14) caused by a one-time deferred tax adjustment is unlikely to be material, but shareholders should note that core earnings power has narrowed considerably compared to FY25.