Mukta Arts Reports Negative Performance in Q1 2024 Financial Results.

Mukta Arts, a microcap company in the films and entertainment industry, has recently declared its financial results for the quarter ending March 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 -16 compared to 10 in the previous quarter. This decline can be attributed to various factors, including a decrease in net sales, profit before tax, and profit after tax.

The company's net sales for the quarter were at Rs 39.20 crore, which is a decrease of 20.3% compared to the average net sales of the previous four quarters. This indicates a negative trend in sales in the near term. Similarly, the profit before tax and profit after tax have also seen a significant decline, with a decrease of 292.6% and 328.2% respectively.

One of the major concerns for Mukta Arts is its ability to manage interest payments, as the operating profit to interest ratio is at its lowest in the last five quarters. The company's operating profit and profit margin have also deteriorated, indicating a decline in efficiency.

Moreover, the company's earnings per share for the quarter were at its lowest in the last five quarters, showing a decline in profitability and lower earnings for shareholders. On a positive note, the non-operating income for the quarter was at its highest in the last five quarters, but it may not be sustainable in the long run.

Overall, the financial results for the quarter ending March 2024 have not been favorable for Mukta Arts. Investors are advised to exercise caution and consider the company's performance before making any investment decisions.