wordpress blog stats
Connect with us

Hi, what are you looking for?

Q409: Mukta Arts Reports FY09 Profit At Rs. 44M; Q4 Loss

The 2008-09 fiscal wasn't a particularly good one for film studio Mukta Arts, as the company founded by director Subhash Ghai reported a 66% decline in profitability from Rs. 130 million in FY08 to Rs. Rs. 44 million in FY09. In April, Mukta Arts had announced that CEO Ravi Gupta was stepping down, following the expiry of his five year contract, though he remains involved as an advisor to the company. Details: Financials This decline in profitability is despite a 50% increase in net sales from Rs. 1.107 billion in FY08 to Rs. 1.656 billion in FY09. Earnings per share for the year dropped 66% to Rs. 1.94.  Costs And Revenues Tend To Be Lumpy Mukta Arts witnessed a 67% increase in cost of production, distribution and worldwide rights software for the year, particularly in Q3 when costs skyrocketed to Rs. 784 million. Bear in mind that the film business shouldn't be judged quarter on quarter due to a lumpiness in production costs: Revenues tend to be lumpy too: last quarter, the company had reported a net profit of Rs. 58 million, with net sales amounting to Rs. 898 million, due to the release of the film Yuvraaj. Net sales declined this quarter to Rs. 251 million, with a net loss of Rs. 18 million. Also see: Mukta Arts, Net Profit vs Net Sales: FY09 vs FY08 and Quarterwise What About Coruscant? During the year, Mukta Arts bought a controlling 51% stake in struggling mobile content company Coruscant Tec, and had the option of buying the remaining…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ