iWorld
Jojo Limited reports strong FY26 performance
Profit before tax surges to Rs 8.90 crore as company scales into digital media streaming.
MUMBAI: Jojo Limited has hit the fast-forward button on its growth story in a big way. The company, formerly known as Madhuveer Com 18 Network Limited, delivered a robust performance for the financial year ended 31 March 2026, driven by its strategic foray into the digital media and entertainment space.
Key Financial Highlights (Standalone):
Profit Before Tax (PBT) rose sharply to Rs 8.90 crore in FY26, compared to Rs 1.21 crore in the previous year.
Total Income stood at Rs 32.81 crore for the full year.
In the March 2026 quarter, the company reported total income of Rs 11.35 crore and PBT of Rs 3.56 crore.
Net Profit for FY26 was Rs 7.15 crore.
A major milestone during the year was the acquisition of a comprehensive media vertical from its wholly-owned subsidiary Navkar Events Private Limited on a going-concern basis. This includes an online media streaming platform, film production, post-production, music composition, visual effects (VFX), sound design, and digital content creation capabilities.
On the balance sheet front, Total Assets nearly doubled to Rs 76.84 crore as on 31 March 2026, up from Rs 38.40 crore a year ago. Intangible assets jumped significantly to Rs 17.40 crore. The company maintains a healthy cash position of Rs 7.28 crore.
The company also changed its name to Jojo Limited effective 17 March 2026, reflecting its renewed focus on the media and entertainment sector.
With a significantly expanded digital content ecosystem, strengthened balance sheet, and healthy cash reserves, Jojo Limited is well-positioned to capitalise on the booming opportunities in India’s media, streaming, and digital entertainment industry. The strategic acquisition provides a strong platform for future scaling in content production and distribution.
