Movies

Software and Equipment segments pull down Mukta Arts Q3-2014 profit

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/movie-images/2014/02/10/mukta_arts.jpg?itok=f5r8P5W8

BENGALURU:  Mukta Arts Limited (Mukta Arts) Software division reported a loss of Rs (0.73) crore on operating revenue of Rs 62.49 crore for the quarter ended 31 December, 2013 (Q3-2014) which eroded the operating profits of Rs 0.37 crore and Rs 1.70 crore reported by the company’s Theatrical division and ‘Others’ division respectively. The fourth segment that contributes to Mukta Ars numbers - Equipment division also ate into the Q3-2014 operating profit to the extent of Rs (0.15) crore. Mukta Arts reported an operating profit of Rs 0.92 crore for the current quarter. 

Let us look at the Q3-2014 numbers reported by Mukta Arts 

The company reported Total Operating revenue of Rs 76.67 crore in Q3-2014, which was 6.27 per cent more than the Rs 72.14 crore in Q3-2013 and (9.97) per cent lower than the Rs 85.16 crore in Q2-2014. During the nine month period ended 31 December 2013, Mukta Arts Total Operating revenue at Rs 223.27 crore was 17.28 per cent more than the Rs 198.90 crore in the corresponding period of last fiscal. For FY-2013, the company reported Total Operating revenue of Rs 257.82 crore.

Mukta Arts Total expense for Q3-2014 at Rs 76.61 crore was 15.41 per cent more than the Rs 66.38 crore in Q3-2013 and (9.45) per cent lower than the Rs 84.61 crore in Q2-2014. Total expense YTD at Rs 231.55 crore was 20.78 per cent more than the Rs 191.71 crore reported during the corresponding nine month period of last year. For FY 2013, the company reported Total expense of Rs 253.61 crore. 

More than 90 per cent of Mukta Arts expense and more than 85 per cent of Total Operating revenue is the Distributors and Producers share. In Q4-2014, the company paid Rs 68.98 crore (90.04 per cent of Total expense, and 89.97 per cent of operating revenue for the quarter) towards this head, which was 11.85 per cent higher than the Rs 61.67 crore (92.91 per cent of Total expense and 85.48 per cent of Total operating revenue for the quarter) in Q3-2013 and (11.81) per cent lower than the Rs 78.21 crore (92.44 per cent of total expense and 91.85 per cent of Total operating revenue for the quarter) in Q2-2014. 

Distributors and Producers share for the nine month period ended 31 December 2013 at Rs 212.13 crore (91.61 per cent of Total expense and 90.94 per cent of Total operating revenue for the period) was 17.85 per cent more than the Rs 180.01 cores (93.90 per cent of Total expense and 90.50 per cent of Total operating revenue for the period) of the corresponding nine month period of last year.

For FY 2013, Mukta Arts paid Rs 233.74 crore towards Distributors and Producers share, which was 92.16 per cent of Total expense and 90.66 per cent of Total Operating revenue.

 Segment Revenue

The lion’s share of Mukta Arts revenue - more than 90 per cent comes from its Software segment. This segment reported revenue of Rs 69.24 crore (90.31 per cent of Total operating revenue) for Q3-2014 which was 1.21 per cent more than the Rs 68.41 crore (94.83 per cent of Total Operating revenue) for Q3-2013, but (13.09) per cent lower than the Rs 79.67 crore (93.55 per cent of Total operating revenue) during Q2-2014. 

For the nine month period ended 31 December 2013, the Software division’s revenue at Rs 214.83 crore (92.1 per cent of Total operating revenue) was 11.93 per cent more than the Rs 191.93 crore in the corresponding period of last year. For FY 2013, Mukta Arts Software division’s revenue was Rs 246.47 crore or 95.6 per cent of total revenue. 

As mentioned above, this segment reported an operating loss of Rs 0.73 crore for Q3-2014 as compared to an operating profit of Rs 6.74 crore in Q3-2013 and an operating profit of Rs 0.35 crore in Q2-2014. For the nine month period ended 31 December 2013, the Software segment reported an operating profit of Rs 0.31 crore which was more than 31 times (31.51 times) lower than the Rs 9.86 crore operating profit reported during the corresponding period of last year. For FY 2013, Mukta Arts Software Division reported an operating profit of Rs 8.10 crore.

 Mukta Arts Theatrical Exhibition segment reported operating revenue of Rs 5.16 crore and an operating profit of Rs 0.37 crore for Q3-2014 as compared to the revenue of Rs 2.46 crore and an operating profit of Rs 0.14 crore for Q3-2013 and an operating revenue of Rs 3.52 crore and an operating loss of Rs (0.14) crore in Q2-2014. YTD, its operating revenue was Rs 12.3 crore and an operating profit of Rs 0.21 crore as compared to the revenue of Rs 2.62 crore and operating profit of Rs 0.66 lakh (Rs 100 lakh = Rs 1 crore: Rs 100,000 = Rs 1 Lakh) for the corresponding period of last year. For FY 2013, the Theatrical exhibition segment reported revenue of Rs 5.24 crore and a small operating loss of Rs (-6.61) lakh 

The contribution by Mukta Arts Equipment division was a very small fragment of per cent to total revenue. As reported above, this segment reported a loss of Rs (0.15) crore for Q3-2014, loss of Rs (0.16) crore in Q3-2013 and equally small fractions for the other periods. 

Mukta Arts ‘Others’ segment reported operating revenue of Rs 2.17 crore and an operating profit of Rs 1.70 crore for Q3-2014. y-o-y, this segment reported revenue of Rs 1.20 crore and an operating profit of Rs 0.99 crore, and q-o-q the revenue was Rs 1.79 crore and an operating profit of Rs 1.54 crore. YTD, revenue from this segment was Rs 5.67 crore and an operating profit of Rs 4.64 crore as compared to the operating revenue of Rs 4.04 crore and an operating profit of Rs 3.42 crore during the corresponding nine month period month of last year. For FY-2013, ‘Others’ segment reported revenue of Rs 5.74 crore and an operating profit of Rs 4.94 crore. 

During the quarter the Company has commenced its cinemas at Mumbai, Selu, Junnar and Banswara.

Click here for the financials

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/16/pvr_0.jpg?itok=UZKfyV-h
PVR acquires minority stake in US luxury theatre chain

PVR Ltd (PVR) will acquire a minority stake in US-based luxury restaurant and theatre iPic-Gold Class Entertainment (iPic).

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/11/15/sunil-lulla_1.jpg?itok=sqgylncT
Eros reports higher profit margin despite fewer releases

BENGALURU: Sunil Lulla-led Eros International Media Limited (Eros) reported 21 per cent margin (on operating income) for consolidated profit after tax (PAT) for the quarter ended 30 September 2017 (Q2 FY 2017-18) as compared with 12.8 per cent margin for the corresponding quarter a last ago. The...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/31/inox1.jpg?itok=CpHFAdho
Inox reports increase in revenue, profits for second quarter

BENGALURU: Indian cinema chain Inox Leisure Limited (Inox) has reported improved revenue and net profit after tax (PAT) for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding quarter of the previous year (Q2-17, year ago quarter). Inox revenue from...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/31/Grand-Challenge.jpg?itok=Eg01vsKl
1700 films received on ending violence against women film contest

NEW DELHI: Around 1700 entries from over 600 colleges have come in response to a campaign launchged earlier this year for two-minute films on generating debate and promote positive change in cultural and social norms around the value of women in India. The campaign ‘#BasAbBahutHogaya – Enough is...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/28/TP_Aggarwal.jpg?itok=WSDOM3Rj
Reduce GST on film industry, IMPPA pleads to FM Jaitley

NEW DELHI: The Indian Motion Pictures Producers Association (IMPPA) has urged the government to fix 5 per cent as the maximum GST rate that should be charged on all goods and services connected with the entertainment industry including entertainment tax.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/27/pvr.jpg?itok=O3ssMyZ4
PVR reports lower numbers for second quarter

Indian entertainment and exhibition company PVR Limited (PVR) reported a slight decline in total revenue for the quarter ended 30 September 2017 (Q2-18, current quarter) as compared to the corresponding year ago quarter (y-o-y). Operating profit (EBIDTA), net profit after tax (PAT) and total...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/24/Bahubali%202_0.jpg?itok=jd72CACi
Baahubali 2 catapults Sony Max across genres and in Hindi movies genre

BENGALURU: Baahubali 2 raked in viewership for Sony Max as the channel topped Broadcast Audience Research Council’s (BARC) weekly ratings for Top 5 Hindi Movie channels - HSM (U+R) : NCCS All : 2+ Individuals for week 41 of 2017 (Saturday, 7 October 2017 to Friday, 13 October 2017). Sony Max was...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/23/Priya_Giri_Desai-David_Schwartz.jpg?itok=salialb2
Women filmmakers' northeast works to be highlighted at India fest in NY

NEW DELHI: Three films from northeast India and a special focus on films made by women filmmakers will be the highlights of the second edition of the India Kaleidoscope Film Festival (IKFF) to be held in New York next month. The festival is being presented by the Museum of the Moving Image (MOMI)...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/10/21/Secret%20Superstar.jpg?itok=6bQiSsgV
Secret Superstar: Patchy underdog movie riding on Aamir's fame

There have been numerous films on a protagonist going against the tide to fulfil his ambition and childhood dream. Usually, in films, such aspirants come from second rung cities, small towns or mofussil India. That adds to the sympathy or the underdog quotient as the script’s requirement.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories