JOJO Q1FY27 standalone net profit rises 457% to ₹109.26 lakh
JOJO Limited posted a strong Q1FY27 result with standalone net profit rising 457% YoY to ₹109.26 lakh, aided by the integration of Navkar Events. Consolidated metrics also improved, with revenue reaching ₹451.86 lakh and net profit turning positive.
*this image is generated using AI for illustrative purposes only.
JOJO Limited (formerly Madhuveer Com 18 Network Limited) reported a significant improvement in its financial performance for the quarter ended June 30, 2026, driven by the recent acquisition of a media streaming and content creation business.
The company’s standalone net profit after tax rose to ₹109.26 lakh in Q1FY27, compared to ₹19.58 lakh in the corresponding quarter of FY26. This represents a substantial year-on-year increase, supported by a surge in revenue from operations.
Financial Highlights
Standalone revenue from operations jumped to ₹415.45 lakh in Q1FY27, up from ₹135.76 lakh in Q1FY25. Total income for the quarter stood at ₹415.67 lakh. The company also saw a rise in employee benefits expense to ₹84.44 lakh from ₹52.78 lakh in the prior year period, while other expenses increased to ₹110.83 lakh from ₹51.44 lakh.
| Metric | Q1FY27 (₹ Lakh) | Q1FY26 (₹ Lakh) |
|---|---|---|
| Revenue from Operations | 415.45 | 135.76 |
| Total Income | 415.67 | 136.28 |
| Total Expenses | 250.32 | 108.94 |
| Profit Before Tax | 165.35 | 27.34 |
| Net Profit After Tax | 109.26 | 19.58 |
On a consolidated basis, the group reported a net profit of ₹89.98 lakh for the quarter, reversing a net loss of ₹50.69 lakh recorded in Q1FY26. Consolidated revenue from operations grew to ₹451.86 lakh from ₹178.89 lakh in the previous year’s quarter.
What the Numbers Show
The dramatic shift in profitability is directly linked to structural changes within the group. In March 2026, JOJO Limited acquired a business vertical offering online media streaming, film production, post-production, music composition, visual effects, sound design, and digital content creation from its wholly owned subsidiary, Navkar Events Private Limited. This acquisition, combined with the company’s name change from Madhuveer Com 18 Network Limited effective March 17, 2026, marks a strategic pivot toward digital media services.
Corporate Actions and Governance
The Board of Directors approved the unaudited standalone and consolidated financial results on August 13, 2026. The results were reviewed by the Audit Committee and comply with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shah Sanghvi & Associates, Chartered Accountants, issued their independent review report on the quarterly financial results. Partner Meet Shah confirmed that nothing came to their attention to suggest the statements contained material misstatements or failed to disclose required information under SEBI regulations.
During the quarter, the company received four investor complaints, all of which were resolved before the end of June 2026. No complaints remained pending as of June 30, 2026.
Historical Stock Returns for JOJO
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.25% | +7.34% | +51.88% | +23.40% | +96.29% | +12,956.45% |
How sustainable is the current profit margin given the significant rise in employee benefits and other operational expenses?
What specific content acquisition or production strategies does JOJO Limited plan to employ to maintain revenue growth in the competitive digital streaming market?
Will the company pursue further acquisitions to expand its media portfolio, or will it focus on organic growth and integration of the newly acquired vertical?
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