Mukta Arts Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
MUKTAARTS · price
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Mukta Arts Limited reported standalone revenue of Rs 1,482.13 lakh for FY2026, down 27% from Rs 2,031.69 lakh in FY2025. Standalone net profit fell to Rs 559.26 lakh from Rs 744.05 lakh, a 25% decline. On a consolidated basis, the company posted revenue of Rs 17,390.56 lakh (up 4.3% from Rs 16,672.36 lakh) but recorded a consolidated net loss of Rs 1,180 lakh, narrower than the Rs 1,731 lakh loss in the previous year. The auditors 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 (WWIL), which has fully eroded net worth due to an ongoing legal dispute over premises with Maharashtra Film, Stage and Cultural Development Corporation since 2012.
The qualified auditor opinion due to WWIL's going concern uncertainty and legal dispute poses significant risk to investors. While standalone operations show declining profitability, the consolidated entity continues to burn cash with negative equity, suggesting structural challenges in the entertainment business.