Mukta Arts Reports December 2024 Results: Debtors Turnover Peaks Amid Sales Decline

Mukta Arts, a microcap company in the film production, distribution, and entertainment industry, has released its financial results for the quarter ending December 2024. The evaluation changes indicate a shift in the company's score, which has moved to -6 from -12 over the past three months.
The financial data reveals some positive aspects for Mukta Arts. Notably, the Debtors Turnover Ratio has reached its highest level in the last five half-yearly periods, standing at 171.81 times. This suggests that the company has been effective in settling its debtors more quickly.

Conversely, there are significant challenges reflected in the financial results. Net Sales for the half-year period amounted to Rs 89.84 crore, showing a year-on-year decline of 21.82%. Similarly, Profit After Tax (PAT) has also decreased by 21.82% year-on-year, resulting in a negative figure of Rs -6.32 crore. Additionally, the Debt-Equity Ratio has reached its highest level in the last five half-yearly periods at -2.75 times, indicating that the company is increasingly reliant on borrowing to support its operations, which may lead to liquidity concerns.

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