Approval of Audited Financial Results for Quarter and Year ended 31st March, 2026
MUKTAARTS · price
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Mukta Arts Ltd reported standalone revenue of Rs 1,482.13 lakh for FY26, down 27% from Rs 2,031.69 lakh in FY25, with net profit falling 25% to Rs 559.26 lakh. On a consolidated basis, revenue grew 4.3% to Rs 17,390.56 lakh, but the group posted a loss of Rs 1,180 lakh, though this is an improvement from the Rs 1,731 lakh loss in the prior year. The auditor issued a Qualified Opinion citing uncertainty around Rs 19.95 crore investment and Rs 64.14 crore in loans/advances recoverable from subsidiary Whistling Woods International Ltd (WWIL), whose net worth is fully eroded. A legal dispute with Maharashtra Film Stage and Cultural Development Corporation regarding Film City premises remains sub-judice. The board also approved reappointment of internal auditors and investment of BHD 1.2 lakh in subsidiary Mukta A2 Multiplex W.L.L.
The qualified audit opinion and WWIL's eroded net worth highlight significant contingent risk. While standalone profit declined materially, the consolidated loss narrowing shows underlying business improvement. Shareholders should monitor the legal dispute resolution closely as it affects material subsidiary assets.