Un-Audited Financial Results of the Company for the Second Quarter and half year ended on 30t September, 2025, along with the Auditor''s Limited Review Report Pursuant to Regulation 33 ....
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The Board of Madhuveer Com 18 Network Limited approved unaudited financial results for Q2 FY26 (quarter ended Sept 30, 2025) and H1 FY26 on November 12, 2025. On a standalone basis, total income for Q2 FY26 stood at ₹108.03 lakhs with net profit of ₹6.51 lakhs (EPS ₹0.03), while H1 FY26 net profit was ₹26.08 lakhs. On a consolidated basis (covering five subsidiaries including JOJO Inc., JOJO Studios, Sakshi Barter, Navkar Events, and Premier Adsworld), total income for H1 FY26 was ₹396.70 lakhs, but the company reported a consolidated net loss of ₹19.77 lakhs, narrowing significantly from a loss of ₹271.19 lakhs in H1 FY25. The standalone balance sheet shows zero borrowings and ₹1,797 lakhs received against share warrants, while operating cash flow was sharply negative at ₹(412.70) lakhs standalone and ₹(486.29) lakhs consolidated. The auditor (Shah Sanghvi & Associates) issued an unqualified limited review report.
Mixed signals for shareholders — the company swung to a consolidated profit in Q2 (₹30.93 lakhs) primarily due to a deferred tax credit, while underlying operations remained loss-making at the consolidated level. The deeply negative operating cash flows and dependence on share warrant money (₹1.8 crore) suggest the business is still consuming cash and relying on capital infusions rather than operational self-sufficiency.