Mukta Arts posts Q4 net profit of Rs 16.18 cr
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The company reported standalone net profit during the quarter stood at Rs 16.18 crore compared to net loss of Rs 1.71 crore in the previous year quarter. Net revenue of the company rose three fold by 1590.75 per cent at Rs 38.38 crore in January-March quarter of this fiscal as against Rs 2.27 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 455.05 per cent to Rs 21.98 crore from Rs 3.96 crore in year ago period. Other Income grew by 57.32 per cent at Rs 5.05 crore versus (Mar'21 Rs 3.21 crore). Operating Profit surged by 1064.71 per cent to Rs 16.40 crore as against Rs -1.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 157.11 per cent in March quarter. Interest grew by 10.39 per cent y-o-y to Rs 1.70 crore, while Taxation increased by 296.72 per cent at Rs 4.84 crore (Mar'21 Rs 1.22 crore).
