Mukta Arts posts standalone and consolidated profits in its Q3 FY24 results

Mukta Arts Limited, India's leading group into entertainment, exhibition and education businesses, today announced its financial results for the quarter ended on December 31, 2023, as approved by its Board of Directors.

The Standalone revenue of Rs.1,224 lacs for the Third Quarter, 17% over its revenue for the previous Quarter and a Profit after tax of Rs.240 lacs, a healthy 20% on topline.

Whistling Woods International, its subsidiary in the film and media education business, recorded a turnover of Rs.1,399 lacs for the Quarter, taking its 9 month revenue to Rs.4,045 lacs.

Mukta A2 Cinemas, the domestic exhibition arm, benefitted from the continuing run of strong movie releases to post revenue of Rs.2,686 lacs for the Third Quarter, and year to date of Rs.8,243 lacs. This was based on strong growth in occupancy, ticket prices and f&b sales.

At the end of the Third Quarter, Consolidated Revenue to date stands at Rs.15,998 lacs and the business has continued to remain profitable, showing signs that the uncertainty of the pandemic may now have been erased.

Shares of Mukta Arts Limited was last trading in BSE at Rs. 82.44 as compared to the previous close of Rs. 80.83. The total number of shares traded during the day was 4535 in over 16 trades.

The stock hit an intraday high of Rs. 82.44 and intraday low of 80.83. The net turnover during the day was Rs. 371528.00.

Source : Equity Bulls

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MuktaArts INE374B01019 Q3FY24 9MFY24 ResultUpdate