Mukta Arts Limited — Results, 16-07-2025: Reply to Clarification- Financial results

Mukta Arts Ltd. has released its audited financial results for Q4 & FY25.

**Standalone Performance (FY25 vs FY24):**

* Revenue from operations: Down to Rs 20.32 Cr from Rs 27.52 Cr.

* Net Profit: Declined to Rs 7.44 Cr from Rs 10.33 Cr.

* EPS: Rs 3.30 (FY25) vs Rs 4.58 (FY24).

* Total Assets: Rs 310.91 Cr. Net Worth: Rs 195.80 Cr.

**Consolidated Performance (FY25 vs FY24):**

* Revenue from operations: Decreased to Rs 166.72 Cr from Rs 194.55 Cr.

* Net Loss: Widened to Rs 17.31 Cr from Rs 6.66 Cr.

* EPS: (Rs 7.60) (FY25) vs (Rs 2.92) (FY24).

* Total Assets: Rs 242.41 Cr. Net Worth: (Rs 39.06 Cr) (Negative).

**Auditor's Commentary (Key Points for Investors):**

* **Qualified Opinion:** Repetitive concern since 2011 regarding Rs 84.09 Cr in investments/loans to subsidiary Whistling Woods International Ltd (WWIL). A High Court order quashed their joint venture agreement, and WWIL's net worth is fully eroded. The financial impact remains "not determinable" due to ongoing litigation.

* **Emphasis of Matter (Consolidated):** Subsidiary Mukta A2 Cinemas has incurred significant losses, eroding its net worth and raising doubts about its ability to continue as a going concern, though management remains optimistic.

* **Other Notes:** The company noted delays in depositing various statutory dues. Additionally, interest totaling Rs 3.84 Cr was not accrued on some inter-corporate deposits.

Board approved results on May 28, 2025.

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