Standalone and consolidated audited financial results for the quarter and year ended march 31, 2026 and the board recommended dividend
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JOJO Limited (formerly Madhuveer Com 18 Network Limited) reported strong audited results for FY2026. Standalone revenue grew to Rs. 12,397 lakhs from Rs. 1,750 lakhs in the prior year, representing over 600% growth. Standalone profit after tax reached Rs. 685.30 lakhs compared to approximately Rs. 96 lakhs in FY2025. The board recommended a final dividend of Rs. 0.05 per equity share (0.5% on Rs. 10 face value), subject to shareholder approval. The company acquired an online media streaming and content creation business vertical from its wholly owned subsidiary Navkar Events Private Limited during the quarter. Statutory auditors Shah Sanghavi & Associates issued unmodified opinions on both standalone and consolidated financial statements. Consolidated results include 5 subsidiaries including JOJO Studios Private Limited and JOJO Global Inc.
The company shows exceptional revenue and PAT growth, which could be positive for shareholders. However, standalone operating cash flow was negative at Rs. 17.14 lakhs, raising concerns about cash conversion despite profit growth. The small dividend payout reflects conservative capital return policy amid high expansion investment.