2/3 Wheelers company Wardwizard Innovations & Mobility announced Q2FY25 results Standalone Financial Highlights: Total Revenues: Rs 58.32 crore compared to Rs 45.13 crore during Q2FY24, change 29.23%. EBITDA: Rs -1.43 crore compared to Rs 5.86 crore during Q2FY24, change -124.40%. EBITDA Margin: -2.45% for Q2FY25. PAT: Rs -5.96 crore compared to Rs 2.42 crore during Q2FY24, change -346.28%. PAT margin: -10.22% for Q2FY25. EPS: -0.23 for Q2FY25. Consolidated Financial Highlights: Total Revenues: Rs 58.32 crore compared to Rs 49.16 crore during Q2FY24, change 18.63 %. EBITDA: Rs -1.64 crore compared to Rs 5.99 crore during Q2FY24, change -127.38%. EBITDA Margin: -2.81% for Q2FY25. PAT: Rs -6.22 crore compared to Rs 2.55 crore during Q2FY24, change -343.92%. PAT margin: -10.67% for Q2FY25. EPS: -0.24 for Q2FY25. Yatin Gupte - Chairman & Managing Director, Wardwizard Innovations & Mobility, said: “In Q2, Wardwizard Innovations delivered notable progress in its growth journey, achieving an impressive 18.6% year-over-year revenue growth. This accomplishment underscores the rising demand for our offerings despite market pressures and heightened competition within the EV sector. Our profits were impacted due to increased marketing initiatives aimed at strengthening brand presence and customer engagement, positioning Wardwizard for long-term growth. As part of our strategic growth initiatives, we also took a significant step forward by initiating discussions with Royal Highness Prince Abdulaziz Bin Turki Bin Talal Bin Abdulaziz Al Saud for potential international collaboration in the Kingdom of Saudi Arabia. This preliminary step aligns with our vision for global expansion, bringing us closer to our goal of making sustainable mobility accessible across regions. In October 2024, Wardwizard also commenced dispatches of L-3 three-wheeler rickshaws, marking an exciting expansion of our product lineup. We anticipate scaling up these dispatches in the coming months to meet the growing demand for affordable and sustainable urban mobility. Looking ahead, our team is focused on launching a new line-up of two-wheeler EVs by the fiscal yearend, designed to meet the evolving needs of eco-conscious consumers. Additionally, we’re advancing strategic alliances to enhance production capacity and support international expansion. These steps reinforce our commitment to innovation and growth, positioning Wardwizard to navigate the dynamic EV landscape and deliver lasting value to our stakeholders.” Result PDF
2&3 Wheelers company Wardwizard Innovations & Mobility announced Q1FY25 results: Total Revenues: Rs 489.68 million, reflecting a YoY increase of 29.23% compared to Q1FY24 (Rs 378.93 million). EBITDA: Rs 76.48 million, demonstrating a substantial YoY growth of 60.13% from Q1FY24 (Rs 47.76 million). EBITDA Margin: 15.62%, an improvement of 302 basis points from Q1FY24 (12.60%). Profit After Tax (PAT): Rs 24.15 million, up by 37.92% compared to Q1FY24 (Rs 17.51 million). PAT Margin: 4.93%, an increase of 31 basis points from Q1FY24 (4.62%). Earnings Per Share (EPS): Rs 0.09, representing a growth of 28.57% from Q1FY24 (Rs 0.07). Commenting on the performance of Q1 FY25, Yatin Gupte, Chairman & Managing Director, WardWizard Innovations and Mobility. said, “The Q1FY25 results showcases steady growth for the WardWizard Innovations driven by the increasing demand for electric vehicles in the industry. This quarter was significant for us as we successfully secured a landmark order from Beulah International Development Corporation in Philippines, which is reflective of the growing global demand and trust on our indigenous technologies and products. We are actively expanding our reach into new markets within India and are connecting with a broader customer base. As the festive season approaches, we are confident in further solidifying our position in the EV industry. The government's progressive and forward-thinking Union Budget 2024-25, with the announcement to fully exempt customs duty on critical materials such as rare earth metals including lithium, can further incentivize electric mobility. Wardwizard Innovations remains dedicated to driving sustainable mobility solutions, fostering innovation, and contributing to a greener, more connected world.” Result PDF
Automobiles company Wardwizard Innovations & Mobility announced standalone Q4FY24 & FY24 results: FY24 Financial Highlights: Total Revenue: Wardwizard Innovations & Mobility Limited reported total revenues of Rs 31,757.19 lakhs, with a substantial YoY growth of 32.71% from the previous financial year's revenue of Rs 23,928.87 lakhs. EBITDA: The company's EBITDA stood at Rs 3,252.09 lakhs, demonstrating a significant increase from FY23’s EBITDA of Rs 1,956.77 lakhs. This represents an improved EBITDA margin of 10.24%, compared to 8.18% in the previous year. Profit After Tax (PAT): PAT for the fiscal year was Rs 1,415.16 lakhs, increasing by 49.83% compared to FY23's PAT of Rs 944.21 lakhs. There was also a rise in the PAT percentage, from 3.94% to 4.46%. Earnings Per Share (EPS): EPS increased from Rs 0.36 to Rs 0.54. Q4FY24 Financial Highlights: Total Revenue: The fourth quarter showed total revenues of Rs 12,822.26 lakhs, marking an impressive YoY increase. EBITDA: Q4 EBITDA was reported as Rs 1,038.73 lakhs with an EBITDA margin of 8.10%, experiencing a YoY shift. Profit After Tax (PAT): PAT for the quarter reached Rs 427.89 lakhs, and the PAT percentage showed a positive change. Earnings Per Share (EPS): EPS for Q4 was recorded at Rs 0.16. Commenting on the performance of FY’24, Yatin Sanjay Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility said, “FY24 has been a year of strengthening our position in the market while driving innovations and celebrating new accomplishments. In the last financial year, we achieved the sales milestone of 1 lakh electric two-wheelers (since inception) which shows the trust of the customers on the brand. We are dedicated to lead the way towards a sustainable future with new innovations and developments. Our recent unveiling of a ground-breaking hydrogen-powered e-scooter prototype followed by our strategic partnership with global players for technology advancements. In FY25, we shall be working effectively in enhancing our portfolio, expanding our presence as well as strengthen our R&D; capabilities. We are further expected to launch more models of electric vehicles and poised for even greater innovation and growth. Our efforts will continue to pave the way for next-generation technologies, ensuring our position at the forefront of the industry." Result PDF