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Muzali Arts Ltd reported unaudited financial results for the quarter ended December 31, 2025. Total income from operations stood at Rs 9.43 lakhs in Q3 FY26, slightly lower than Rs 10.69 lakhs in both Q2 FY26 and Q3 FY25. For the nine-month period, revenue declined to Rs 30.48 lakhs from Rs 36.47 lakhs last year. Despite the dip in revenue, the company swung to a net profit of Rs 24.45 lakhs for 9M FY26, compared to a loss of Rs 278.37 lakhs in the same period last year. Q3 standalone net profit came in at Rs 16.41 lakhs, up from Rs 6.43 lakhs a year ago. EPS turned positive at Rs 0.04 for 9M FY26 versus a loss of Rs 0.47 in the prior year. Equity share capital is Rs 591.65 lakhs with reserves of Rs 322.39 lakhs as of March 2025.
The company has moved from losses to profitability on a year-on-year basis, though top-line revenue continues to shrink. This turnaround in earnings is a positive signal for shareholders, even though the overall scale of operations remains very small.