Mukta Arts reports results for Q3 FY2021

Mukta Arts Limited has stayed on course with its positive trajectory and delivered a Standalone PAT of INR 454.9 lakhs in the third quarter of the fiscal 2020-21. For nine months of the financial year 2020-2021, the Standalone PAT stood at INR 868.6 lakhs, with a growth of 134% over the previous corresponding period and has exceeded the total PAT registered in the previous financial year.

On a consolidated basis, for Q3 FY21, the company registered a revenue of INR 2,304.9 lakhs, EBITDA of INR 714.5 lakhs with EBITDA margin at 31% and a PAT of INR 139.9 lakhs and PAT margin at 6.1%.

Whistling Woods International, its subsidiary and a leading educational institute in media studies, registered a topline of INR 1,461 lakhs for the nine months of this financial year. The nine months' EBITDA & PAT stood at INR 595 lakhs and INR 315 lakhs respectively.

Commenting on the results, Mr Rahul Puri, Managing Director, Mukta Arts said "The gradual unlocking of the economy continues to lead us towards restoring the normalcy. In the third quarter, the ministry of film affairs permitted cinemas to reopen from 15th October with the overall capacity restricted at 50%. We have 22 locations with 52 screens operational in India along with the 6 operational screens in Bahrain. Our education business continues to scale new heights and we have onboarded 413 new students in this academic year. We look forward towards putting the worst of the pandemic behind us and hope to maintain our positive trajectory."

Shares of MUKTA ARTS LTD. was last trading in BSE at Rs.30.65 as compared to the previous close of Rs. 30.5. The total number of shares traded during the day was 512 in over 21 trades.

The stock hit an intraday high of Rs. 31 and intraday low of 30.45. The net turnover during the day was Rs. 15806.

Source : Equity Bulls

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