Quarterly Result1 May 2025, 05:31 am
Wardwizard Innovations & Mobility Limited Reports Consolidated EBITDA Growth of 62% YoY in Q4FY25
AI Summary
Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles under the brands 'Joy e-bike’ and ‘Joy e-rik’, announced its financial results for FY’ 2024-2025. The company reported a 62% YoY rise in PAT and a 14.89% YoY increase in EBITDA for Q4FY25. Despite a slight decline in annual revenues, EBITDA rose 14% YoY. The company expanded its electric fleet, launched new vehicles, and formed partnerships to scale mobility and charging solutions. Wardwizard remains focused on enhancing accessibility and scale, with a growing charging network and progress on a $1.29 billion EV partnership in the Philippines. The company has been profitable for five consecutive years.
Key Highlights
- Q4 EBITDA grew 86.76% YoY and margins expanded by 939 bps
- PAT rose 62% and PAT margin improved by 281 bps
- Over 400 two-wheelers deployed in Kolkata, Pune, and Ahmedabad
- Launched L5 passenger e-rickshaws in Maharashtra
- Partnerships with SpeedForceEV, AmpVolts, and Cabeys to scale mobility and charging solutions