Magnanimous Trade & Finance profit rises 14% to Rs 37.93 lakh

Magnanimous Trade & Finance Limited reported standalone profit for the period of Rs 37.93 lakh for the quarter ended September 30, 2026, up 14% from Rs 33.38 lakh a year earlier, as interest income increased 14% to Rs 78 lakh. The gain followed a lower current-tax charge despite total expenses rising to Rs 27.31 lakh.

How did Magnanimous Trade & Finance perform in the September quarter?

Magnanimous Trade & Finance recorded total income of Rs 78 lakh in the September 2026 quarter, compared with Rs 69.03 lakh in the September 2025 quarter, while profit before tax declined to Rs 50.69 lakh from Rs 57.13 lakh. The Rs 8.97 lakh increase in income was more than offset at the pre-tax level by a Rs 15.41 lakh rise in expenses.

Profit for the period nevertheless increased by Rs 4.55 lakh year on year to Rs 37.93 lakh because the current-tax charge was Rs 12.76 lakh, compared with Rs 23.75 lakh in the prior-year quarter. The company transferred Rs 7.59 lakh to statutory reserve and Rs 30.34 lakh to reserves, against Rs 6.68 lakh and Rs 26.70 lakh, respectively, a year earlier.

Magnanimous Trade & Finance reported basic and diluted earnings per share of Rs 1.33 for the September 2026 quarter, compared with Rs 2.81 a year earlier. Paid-up equity share capital was Rs 22.84 crore at September 30, 2026, compared with Rs 95.15 lakh at September 30, 2025; the filing does not explain this change.

What drove Magnanimous Trade & Finance’s September-quarter income?

Interest income was Magnanimous Trade & Finance’s only reported operating-revenue source in the September 2026 quarter, at Rs 78 lakh, up from Rs 68.14 lakh a year earlier and Rs 75.30 lakh in the June 2026 quarter. The company reported no sales or other income in the latest quarter.

The prior-year September quarter included sales of Rs 20,000 and other income of Rs 69,000, taking total income to Rs 69.03 lakh. In contrast, September 2026 total income matched interest income at Rs 78 lakh, showing that the year-on-year revenue increase came entirely from interest income.

For the half year ended September 30, 2026, interest income rose to Rs 1.53 crore from Rs 98.87 lakh in the corresponding 2025 period. Total income was also Rs 1.53 crore, compared with Rs 1.26 crore a year earlier, when the reported mix included Rs 25.60 lakh of other income and Rs 1.55 lakh of sales.

How did expenses affect Magnanimous Trade & Finance’s profit?

Total expenses at Magnanimous Trade & Finance rose to Rs 27.31 lakh in the September 2026 quarter from Rs 11.90 lakh in September 2025 and Rs 14.23 lakh in June 2026. Other expenses were the largest reported cost at Rs 20.63 lakh, compared with Rs 10.50 lakh a year earlier and Rs 9.08 lakh in the preceding quarter.

Finance cost was Rs 1.77 lakh in the latest quarter, compared with no finance cost reported in the September 2025 quarter and Rs 95,000 in June 2026. Employee-benefit expense was Rs 4.92 lakh, against no reported amount a year earlier and Rs 4.20 lakh in the prior quarter.

For the half year ended September 30, 2026, total expenses were Rs 41.54 lakh, up from Rs 34.68 lakh in the corresponding period of 2025. Profit before tax increased to Rs 1.12 crore from Rs 91.34 lakh, while profit for the period rose to Rs 83.63 lakh from Rs 67.59 lakh after a current-tax charge of Rs 28.13 lakh.

What changed in Magnanimous Trade & Finance’s loan book and assets?

Magnanimous Trade & Finance reported loans of Rs 36.07 crore at September 30, 2026, compared with Rs 33.56 crore at March 31, 2026 and Rs 22.82 crore at March 31, 2025. The loan balance increased by Rs 2.51 crore during the six months ended September 2026, alongside interest income of Rs 1.53 crore for that period.

Total assets were Rs 36.22 crore at September 30, 2026, up from Rs 33.67 crore at March 31, 2026. Cash and cash equivalents stood at Rs 10.35 lakh, above Rs 6.66 lakh at the March 2026 year-end but below Rs 1.57 crore at March 31, 2025.

Other non-financial liabilities were Rs 1.87 crore at September 30, 2026, compared with Rs 46.70 lakh at March 31, 2026. Current-tax liabilities were Rs 66.65 lakh, up from Rs 38.52 lakh at the March 2026 year-end, while other equity increased to Rs 10.76 crore from Rs 9.92 crore.

What did Magnanimous Trade & Finance report on cash flow and review?

Magnanimous Trade & Finance reported net cash from operating activities of Rs 16.22 lakh for the period ended September 30, 2026, following cash generated from operations of Rs 44.35 lakh and net taxes paid of Rs 28.13 lakh. The filing also recorded net cash used in investing activities of Rs 1.53 crore, reflecting interest income presented in that section.

Long-term borrowing proceeds were Rs 1.41 crore for the period ended September 30, 2026, while closing cash and cash equivalents were Rs 10.35 lakh, compared with an opening balance of Rs 6.66 lakh. The statement reported a net increase in cash and cash equivalents of Rs 3.67 lakh.

K P C M & Co., in its limited-review report dated November 2, 2026, said nothing had come to its attention indicating that the unaudited standalone results contained a material misstatement or omitted required disclosures. The firm said its review was conducted under Standard on Review Engagements 2410 and was not an audit opinion.

Conclusion

Magnanimous Trade & Finance’s September-quarter profit increased by Rs 4.55 lakh year on year as interest income added Rs 9.86 lakh, even though total expenses rose by Rs 15.41 lakh and reduced profit before tax. The half-year figures showed higher income and profit, while loans expanded to Rs 36.07 crore at September 30, 2026.

The next disclosure can show whether interest income continues to track the larger loan balance and whether other expenses remain near the September-quarter level of Rs 20.63 lakh. The company also has an unresolved Company Secretary and Compliance Officer position after CS Jayesh Laxmanbhai Bhavsar’s resignation took effect at the close of business on November 2, 2026.