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

Mukta Arts Limited has announced its audited financial results for the quarter and full year ended March 31, 2025.

**Standalone Performance:**

* Q4 FY25: Revenue at ₹4.49 Cr, Net Profit at ₹1.94 Cr, EPS at ₹0.86.

* FY25: Revenue at ₹20.32 Cr, Net Profit at ₹7.44 Cr, EPS at ₹3.30.

**Consolidated Performance:**

* Q4 FY25: Revenue at ₹38.11 Cr, Net Loss at ₹4.20 Cr, EPS at ₹(1.79).

* FY25: Revenue at ₹166.72 Cr, Net Loss at ₹17.31 Cr, EPS at ₹(7.60).

**Key Audit Points:**

Auditors issued a qualified opinion due to ongoing litigation involving Whistling Woods International Limited (WWIL), a joint venture. Mukta Arts has substantial investments and loans (₹84.09 Cr) with WWIL. A High Court order in 2012 quashed their joint venture, leading to significant demands (₹59.20 Cr) from MFSCDC. WWIL's net worth is fully eroded, and the financial impact on Mukta Arts is not determinable. This qualification has been repetitive since 2011.

Additionally, the auditors highlighted material uncertainties regarding the going concern ability of subsidiaries Mukta A2 Cinemas Ltd. and Mukta A2 Multiplex WLL, both facing accumulated losses and eroded net worth. Management remains optimistic about the film exhibition business and has prepared financials on a going concern basis.

These results were approved by the Board on May 28, 2025.