Mukta Arts Q1 net at Rs 14.46 mn as revenue climbs

MUMBAI: Mukta Arts, the Subhash Ghai-promoted film and entertainment company, has posted a net profit of Rs 14.46 million for the quarter ended 30 June, as against a net loss of Rs 99.94 million in the year-ago period.

The company saw a surge in its revenue to the tune of Rs 333.38 million compared to Rs 73.21million in the earlier year.

Expenses climbed to Rs 324.50 million, up 92.61 per cent from Rs 168.48 million.

Profit from operations, before other income, interest and exceptional items was at Rs 8.88 million, as against a loss of Rs 95.35 million.

The software division business saw maximum growth and turned profitable with Rs 35.75 million on an income of Rs 332.88 million. In the earlier-year quarter, the loss stood at Rs 70.19 million on an income of Rs 72.43 million. Capital deployed towards this segment was Rs 453.44 million.

The equipment division business, however, suffered an operating loss of Rs 1.99 million on an income of Rs 0.50 million. The capital deployed for the segment stood at Rs 138.32 million.

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