Mukta Arts Limited reports a higher revenue
10th August 2018, Mumbai
Mukta Arts Limited reports a higher revenue at Rs 580 lacs and a profit before tax of Rs 25 lacs against a loss of Rs 132 lacs during the corresponding quarter last year. On a consolidated basis it reports a marginally higher revenue and a 36% reduction in losses after tax.
Its subsidiary WWIL reports growth in revenue of 21% at Rs 752 lacs. During the quarter it recognised its annual marketing costs associated with its student intake for the academic year starting from the next quarter. As a result of this the first quarter shows inordinate losses. However, in spite of this, losses at Rs 315 lacs were 15% lower than the corresponding period last year.
The domestic and international cinema businesses continue to perform steadily reporting positive EBITDA of a combined Rs 201 lacs.