Modern Shares & Stockbrokers Ltd. reported standalone unaudited earnings results for third quarter and nine months ended December 31, 2016. For the quarter, the company reported income from operations of INR 4.453 million, loss from operations before other income, interest and exceptional item of INR 0.632 million, loss from ordinary activities before tax of INR 0.665 million, net loss of INR 0.464 million or INR 0.16 per basic and diluted share before extraordinary items compared to the income from operations of INR 4.207 million, loss from operations before other income, interest and exceptional item of INR 1.224 million, loss from ordinary activities before tax of INR 1.261 million, net loss of INR 0.553 million or INR 0.29 per basic and diluted share after extraordinary items for the same quarter a year ago. For the nine months period, the company reported income from operations of INR 15.232 million, profit from operations before other income, interest and exceptional item of INR 1.522 million, profit from ordinary activities before tax of INR 1.406 million, net profit of INR 0.959 million or INR 0.33 per basic and diluted share after extraordinary items compared to income from operations of INR 16.554 million, profit from ordinary activities before tax of INR 1.168 million, net profit of INR 0.779 million or INR 0.27 per basic and diluted share before extraordinary items for the same period a year ago.