Mukta Arts Ltd. — Earnings Release 2024

Aug 10, 2023

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10[th] August, 2023

To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 532357 - EQ Symbol: MUKTAARTS - EQ

Kind Attn: Corporate Relations Department

Dear Sir/Madam,

SUB: PRESS RELEASE – INTIMATION UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed herewith Press Release dated 10[th] August, 2023 with respect to the Financial Results of the Company for the quarter ended 30[th] June, 2023.

Kindly take the information on your records.

Thanking you.

Yours faithfully,

For Mukta Arts Limited

HEMAL Digitally signed by HEMAL NAROTAM NAROTAM PANKHANIA PANKHANIA Date: 2023.08.10 15:13:55 +05'30'

Hemal N. Pankhania

Company Secretary & Compliance Officer

Encl. a/a

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MUKTA ARTS LTD. PRESS RELEASE

Mukta Arts Limited posts Standalone profit of Rs 232 lacs and sees Consolidated EBITDA of Rs 353 lacs in its Q1 FY24 results

Mukta Arts Limited, India’s leading group into entertainment, exhibition and education businesses, today announced the financial results for the quarter ended on June 30, 2023, as approved by its Board of Directors.

The Company reported Standalone revenue of Rs 644 lacs and an EBITDA of Rs 325 lacs at a margin of 50%, and a Profit after tax of Rs 232 lacs.

Whistling Woods International Limited, its subsidiary in the film and media education business, recorded a turnover of Rs 1,255 lacs for the quarter.

The subsidiaries in the exhibition space consolidated their position during the year. Mukta A2 Cinemas Limited, the domestic exhibition arm, posted a revenue of Rs 2,065 lacs for the quarter, exited 2 non-performing cinemas and added 2 new screens. Mukta A2 Multiplex W.L.L, the Bahrain based exhibition business, started consolidating its bottom line by expanding into cinema management in the Gulf region.

With a Consolidated revenue for Q1 FY24 at Rs 4,194 lacs, the Group’s EBITDA for the quarter was Rs 353 lacs and Net losses after tax of Rs 380 lacs.

Mumbai, August 10[h] , 2023

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