Mukta Arts Q1FY27 results; Rs10cr investment in Mukta A2; going concern flag
MUKTAARTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 3.0 pts more than its Film Production Distribution & Exhibition peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mukta Arts Q1FY27: Standalone revenue fell to Rs246.09 lakhs from Rs776.40 lakhs YoY; net profit Rs16.26 lakhs, EPS Rs0.65. Consolidated revenue rose to Rs4,058.82 lakhs (from Rs3,672.89 lakhs); loss narrowed to Rs214.66 lakhs from Rs609.32 lakhs. Board approved outside investor putting up to Rs10 crore in subsidiary Mukta A2 Cinemas, diluting stake from 70% to 42-49%, making it an associate. Auditor flagged going concern risk for Mukta A2 and emphasis of matter on WWIL case.
Subsidiary Mukta A2 to get Rs10cr but stake dilutes to 42-49% and it ceases to be a subsidiary. Going concern flag on unit is a concern.