Software segment leads Mukta Arts to loss in Q1-2015

MUMBAI: Mukta Arts reported standalone net loss of Rs 24.62 crore in the quarter ended June 2014 (Q1-2015) as against net profit of Rs 0.74 crore during the previous quarter ended June 2013 (Q1-2014) and loss of Rs 3.35 crore in the quarter ended March 2014.

Q1-2015 saw the loss in the software segment of the company of Rs 25 crore. While Q4-2014 also saw a loss of Rs 2.69 crore in the segment, the segment had shown a profit in Q1-2014 of Rs 0.69 crore.

As net sales of the company declined 66.89 per cent to Rs 23.09 crore in Q1-2015 as compared to Rs 69.73 crore during Q1-2014 and fell 57 per cent against Rs 53.95 crore in Q4-2014, the revenue for the software division contracted 67 per cent in Q1-2015 to Rs 16.75 crore versus Rs 51 crore in Q4-2014 and was 75 per cent lower than Rs 65.92 crore in Q1-2015.

The total income from operations (net) for Q1-2015 fell 65 per cent to Rs 24.95 crore versus Rs 71.44 crore in Q1-2014 and was 56.3per cent lower than Rs 57.1 crore in Q4-2014.

The company reported a 29.3 per cent fall in total expenditure to Rs 49.73 crore as against the total expenditure for Q1-2014 which was Rs 70.34 crore and 17 per cent lower than the total expenditure for Q4-2014. Mukta Arts paid Rs 23.06 crore as producers and distributors cost in Q1-2015

The company reported 49 per cent increase in finance costs in Q1-2015 versus Rs 1.32 crore in Q1-2014.

Click here for the financial

Latest Reads
Sony takes audiences to the crossroads with new show

MUMBAI: After being a leader in introducing mythological shows, Sony Entertainment Television (SET) is taking a different route. The channel’s latest offering is Zindagi ke Crossroads, a 39-episodic interactive show where the studio audiences will put forward their opinions on the challenges faced...

Television TV Channels GECs
Cosmos-Maya’s next international co-production is a spin-off series of the much talked about 3D Animation feature film Leo da Vinci: Mission Mona Lisa

is another high quality 3D animation international co-production - a spin-off series based on the recently released film Leo da Vinci: Mission Mona Lisa.

Television TV Channels Kids
EPIC TV & Penguin Present The Third Book Of The Devlok With Devdutt Pattanaik Series

Where did the name Radha come from? When did Christianity first come to India? What is the connection between sanskar and dharma? After the enormous success of the first two books in the ‘Devlok with Devdutt Pattanaik’ series, India’s favourite mythologist, Devdutt Pattanaik, is back with a third...

Television TV Channels Factual & Documentary
Banijay Asia and Salman Khan TV collaborates to create content for digital and tv

World’s largest independent content creation group, Banijay Group recently entered Indian & South East Asian market under the guidance of Deepak Dhar with an aim to produce content across genres. Banijay Asia &SK TV, which was launched few years back, come together to create novel and...

Television TV Channels GECs
DSport reaches 110 mn households in a year

DSport, the sports TV channel by Discovery Communications, has achieved the milestone of reaching 110 million households in India. The channel was launched on 6 February 2017 and achieved the milestone within one year of operations in India and has expanded its distribution across all DTH and...

Television TV Channels Sports
Star Suvarna to telecast 'Kannadada Kotyadhipati 2018' the Kannada version of 'Who wants to be a Millionaire' as part of its revamp

May 21, 2018: The third season of Kannadada Kotyadhipati, the Kannada version of ‘Who wants to be a Millionaire’, which sets the stage for a revamps of Star Suvarna, the Kannada GEC channel of Star Network will premiere in June’18. Since January 2018, the channel has gained viewership share in...

Television TV Channels Regional
Republic Network partners with CAF India to nurture the Culture of Giving amongst Indians as part of its first year celebration.

Republic TV, India’s number 1 English news channel for non-stop 53 weeks is celebrating its milestone first year anniversary in a unique and special way. Republic TV has partnered with Charities Aid Foundation (CAF) India, a not for profit organisation to fuel and accelerate the spirit of giving...

Television TV Channels News Broadcasting
Star spending up to Rs 2 cr on production per IPL match

MUMBAI: After having bought rights for almost all important sporting properties in India, Star India had the massive task to ensure that it sets a new benchmark for cricket. In February, it won the audio-visual production rights for IPL 2018, making it the first time that a broadcaster is...

Television TV Channels Sports
Watch Rani Mukerji’s ‘Dadasaheb Phalke Excellence Award’ winning performance in ‘Hichki’ only on Sony MAX

After garnering success at the box office and a heart-warming response from the audience, the Rani Mukerji starrer ‘Hichki’ is all set for its Worldwide Television Premiere only on Sony Pictures Networks’ number 1 Hindi movie channel, Sony MAX on Saturday, 26th March at 9pm. Directed by Siddharth...

Television TV Channels Movie Channels

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories