Mukta Arts Reports Negative Financial Results for Q1 FY25, Lowest Net Sales in 5 Quarters

Mukta Arts, a microcap company in the films and entertainment industry, recently announced its financial results for the quarter ending June 2024. The company’s stock has been given a ‘Strong Sell’ call by MarketsMOJO.

According to the financial report, Mukta Arts has seen a negative performance in the quarter, with a score of -8, which has improved from -17 in the last three months. The company’s net sales for the quarter were at Rs 38.77 crore, which is a decrease of 20.3% from the average net sales of the previous four quarters, which were at Rs 48.64 crore. This indicates a very negative trend in near-term sales.

The company’s profit before tax less other income (PBT) for the quarter was at Rs -9.11 crore, which is a decrease of 78.4% from the average PBT of the previous four quarters, which was at Rs -5.11 crore. This also shows a very negative trend in near-term PBT.

In addition, the net sales for the quarter were the lowest in the last five quarters, at Rs 38.77 crore. This further highlights the negative trend in near-term sales for Mukta Arts.

The company’s cash and cash equivalents for the half-yearly period were at the lowest of Rs 11.05 crore in the last six half-yearly periods. This indicates a deteriorating short-term liquidity for the company.

Based on these financials, it is evident that Mukta Arts is facing challenges in its sales and profitability. Investors should carefully consider these factors before making any investment decisions.