1. Un-Audited Financial Results of the Company for the First Quarter ended June 30, 2025, along with the Auditor''s Limited Review Report Pursuant to Regulation 33 of SEBI (Listing Obligation ....
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The Board of Madhuveer Com 18 Network Limited approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the auditor's limited review report. On a standalone basis, revenue from operations was Rs. 135.76 lakhs (up from nil in Q1 FY25), with a net profit of Rs. 19.58 lakhs, a 65% jump from Rs. 11.85 lakhs a year ago. On a consolidated basis, which includes subsidiaries like JOJO Studio, JOJO Global Inc., and others, revenue rose to Rs. 178.89 lakhs (from Rs. 3.94 lakhs) but the company reported a net loss of Rs. 50.69 lakhs, though improved from a Rs. 206.55 lakh loss in Q1 FY25. The Board also approved allotment of 10 lakh equity shares to promoter Mr. Sagar Shah upon conversion of warrants at Rs. 40 per share, bringing in Rs. 3 crore. Auditor MAAK & Associates issued an unqualified limited review report with no emphasis of matter.
Standalone profitability is improving with strong revenue and PAT growth, signalling turnaround in core operations. However, the consolidated entity remains loss-making, reflecting drag from subsidiaries, which is a concern for long-term shareholders. The Rs. 3 crore infusion from warrant conversion strengthens equity but also indicates continued reliance on promoter capital rather than operational cash generation.