MAM

Mukta Arts' Q3 FY19 consolidated revenues up 33% y-o-y to INR 40.7 core

Mukta A2 Cinemas, a subsidiary into exhibition business posted a 43% y-o-y growth in Q3 FY19 reven

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/02/14/Mukta_Arts.jpg?itok=vuKvVti0

Mumbai : Mukta Arts Limited today announced the financial results for the third quarter and nine months ended on December 31, 2018, as approved by its Board of Directors.

Consolidated revenue for Q3 FY19 grew by 33.2% y-o-y; from Rs 30.5 crores to Rs 40.7 crores. Whistling Woods International, a Mukta Arts’ subsidiary in the education business posted a 19% growth in revenue for Q3 FY19. During the quarter, Whistling Woods hosted the CILECT Congress, a globally renowned & prestigious event in the film education fraternity. This was the first time that the event was held in India. It attracted eminent keynote speakers and a total of 171 delegates represented 52 countries.

Mukta A2 Cinemas, a subsidiary into exhibition business posted a 43% y-o-y growth in Q3 FY19 revenues at Rs 19.7 crores and turned EBITDA positive. The company added 5 new screens recently and its total count as of today stands at 64 screens, including 6 in Bahrain & 10 under its JV with Asian Cinemas.

For 9M FY19, the company’s consolidated total revenue at Rs 124.3 crore grew by 23%. EBITDA for nine months was Rs 11.7 crore while Total Comprehensive income at Rs 1.7 crore as against Rs 1.4 crore after extraordinary income of Rs 4.3 crore during the corresponding previous nine months of FY18.

Commenting on its performance, Rahul Puri, Managing Director, Mukta Arts said, “Both our key businesses, exhibition and education reported strong revenue growth during Q3. Even for nine months, the revenue growth of over 20% is quite healthy and we reported a small post tax profit compared to losses during the similar period last year. We see good traction across the businesses.”

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/asian.jpg?itok=JiEAjC6N
Asian Paints, Post Office Studios present the colourful trends of our time

Post Office Studios conceptualised and produced five animated films to launch Asian Paints’ Colour Next series this year, which were released at the country's India Design ID.

MAM Marketing Brands
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/zeel.jpg?itok=cF55VPtN
ZEEL launches an exclusive campaign for its english cluster #WhereIsMyChannel

With TRAI initiating the implementation of the MRP regime, consumers now have a choice to select the packs and channels that best meet their content needs. While the broadcasters are busy building their bouquets and communicating the prices to the viewers, Zee English Cluster has taken a rather...

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/jack.jpg?itok=eJQUBGSr
Van Heusen presents 'Carry Your World' campaign with Jacqueline Fernandez

Van Heusen India’s leading power dressing brand from Aditya Birla Fashion and Retail Ltd has launched a comprehensive `Carry your World’ campaign featuring India’s leading Bollywood star Jacqueline Fernandez across 60 cities for two months.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/gift.jpg?itok=LkASrQFh
Gits Food's launches new 'Sawal hi nahi banta, yaha banta hai Gits!' campaign

Gits Food Products Pvt Ltd has unveiled its latest ‘Sawal hi nahi banta, yaha banta hai Gits!’ campaign. Conceptualised by Lowe Lintas, the fresh new TVCs contain two delectable stories centered on its breakfast and snack mixes.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/crick.jpg?itok=TkY8cE8N
MyTeam11 Launches Campaign on 25 Television Channels Targeting Upcoming T20 and World Cup Cricket Season

India’s leading fantasy sports website MyTeam11, today announced a collaboration with 25 Television channels across the music, news, sports and knowledge sharing genres among others, in a massive campaign targeting the upcoming T20 and World Cup cricket season.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/thomas.jpg?itok=_wdyc4ob
Festival Tourism is driving Travel Demand Thomas Cook India observes 20% growth in bookings

Thomas Cook (India) Ltd., India’s leading integrated travel and related financial services company, has reported a strong growth in ‘Festival Tourism’ as the Indian traveller seeks to combine spiritual elements with unique cultural experiences. This year, the Kumbh Mela and Holi have proved to be...

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/19/Ipsos-India.jpg?itok=0HtXXRjz
Consumer confidence plummets in March 2019

The India Primary Consumer Sentiment Index (Consumer Confidence), as measured by Thomson Reuters in partnership with Ipsos, has nosedived by 6.8 percentage points in March 2019.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/18/colgate.jpg?itok=QhpwSg7t
Colgate remains India’s #1 Most Trusted Oral Care brand, for the 8th consecutive year, in Nielsen’s consumer survey

Colgate-Palmolive (India) Limited, the market leader in Oral Care, has been ranked as the Most Trusted Brand in the Oral Care category for the 8th year in a row, as per the India’s Most Trusted Brands Survey 2018, conducted by Nielsen and commissioned by Economic Times - Brand Equity.

MAM Marketing MAM
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/18/gautam.jpg?itok=pBe99O6Y
Gautam Gambhir & Funngage.com give warm send-off to 15 cricketers for Perth, Australia

Padma Shri Gautam Gambhir and Funngage.com gave a warm send-off to 15 of the 33 talented aspiring cricketers who have qualified for the 5-year cricket scholarship and are selected to go to Guildford Grammar School, Perth, Australia for 21 days of overseas training.

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories