JOJO Ltd Reports FY26 Profit of ₹5.6 Cr, Recommends Dividend Amid Strategic Shift

JOJO Limited announced its financial results for the fiscal year ending March 31, 2026, reporting ₹24.01 crore in revenue and a profit after tax of ₹5.62 crore. The company's board has recommended a final dividend of ₹0.05 per share, subject to shareholder approval.

The results were accompanied by an unmodified audit opinion from Shah Sanghvi & Associates, indicating no significant concerns. While the dividend offers a direct reward to shareholders, modest revenue growth will be a key point for investors to watch.

Financials and Dividend Approval

The company's Board of Directors met on May 15, 2026, to approve the audited results for FY2026. Consolidated revenue was ₹24.01 crore, with profit after tax at ₹5.62 crore. Standalone profit after tax reached ₹5.89 crore on ₹22.53 crore revenue.

Strategic Context and Shareholder Value

The financial results confirm JOJO Limited's performance for the fiscal year. The recommended dividend directly rewards shareholders. Crucially, recent strategic moves, including a name change and a media business acquisition, indicate a significant shift in the company's direction.

Recent Business Evolution

JOJO Limited, formerly known as MADHUVEER COM 18 NETWORK LIMITED, officially changed its name effective March 17, 2026. During the quarter ended March 31, 2026, the company strategically acquired a business vertical focused on online media streaming, film production, and VFX services. This acquisition was made from its wholly-owned subsidiary, Navkar Events Private Limited, consolidating key digital media operations.

Impact of Strategic Changes

The company now operates under the JOJO Limited name, reflecting its expanded business portfolio. This includes the integration of media production, streaming assets, and VFX services, which will be reflected in future financial reporting.

Market Position and Peers

With FY26 revenue of ₹24.01 crore and a profit of ₹5.62 crore, JOJO Limited operates in the smaller end of the media and entertainment sector. Larger companies like Zee Entertainment Enterprises and Saregama India have broader operations in broadcasting, digital, and music. Prime Focus, specializing in media services such as VFX and post-production, represents a more direct peer to JOJO's recently acquired business.

Financial Snapshot

Consolidated Total Assets as of March 31, 2026, were ₹79.78 crore.

Looking Ahead

Investors will be watching for shareholder approval of the final dividend. The successful integration and performance of the newly acquired media, film production, and VFX business will be key. Future strategic announcements and financial updates under the JOJO Limited identity will also be closely monitored.