Mukta Arts posts strong revenue and profit rise

MUMBAI: Mukta Arts Limited, the film production house helmed by veteran director Subhash Ghai, turned in a performance worthy of a standing ovation for the quarter ended 30 September 2025. The company’s standalone net profit soared to Rs 1.74 crore, more than double last year’s Rs 76.7 lakh, while revenue from operations rose 46 per cent year-on-year to Rs 4.85 crore.

Other income also gave the script a happy twist, contributing Rs 7.97 crore and taking total revenue to Rs 12.02 crore against Rs 10.34 crore in the same period last year.

Expenses rose modestly to Rs 10.22 crore from Rs 8.83 crore, largely due to higher employee costs and depreciation. Yet the bottom line stayed in the black, helped by better cost control and improved returns from its film, distribution and education segments.

On a consolidated basis, however, the group posted a loss of Rs 3.56 crore, weighed down by weaker performance at its subsidiaries including Whistling Woods International and Mukta A2 Cinemas.

The auditors flagged the long-running land lease dispute concerning Whistling Woods International, noting that the matter remains sub judice before the Bombay High Court, and said its outcome could affect valuations.

Despite these ongoing plotlines, Mukta’s financial direction seems to have regained its narrative focus. With the lights back on in cinemas and fresh productions on the floor, the studio appears ready for its next act.