Quarterly Result14 Nov 2025, 07:42 pm
Wardwizard Innovations & Mobility Limited Reports Healthy Improvement in Profitability Amid EV Sector Slowdown in Q2 FY26
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 Q2 of FY’26 (July-September 2025). The company reported improved profitability with EBITDA improving to 261.08 million from a loss last year and PAT turning positive. This improvement reflects the company's disciplined cost controls, better operational efficiencies, and focus on fleet-driven demand. Despite the challenging quarter for the Indian EV sector, Wardwizard Innovations & Mobility Ltd. continued to strengthen its foundation through key partnerships and technology upgrades.
Key Highlights
- EBITDA improved to 261.08 million from a loss last year and PAT turned positive
- Disciplined cost controls, better operational efficiencies, and focus on fleet-driven demand
- Collaboration with Battery Smart to expand swappable battery solutions across Joy e-bike dealerships
- Expanded presence into fleet operations and last-mile delivery mobility
- Signed a MoU with XiCon International for the lease of 7,500 electric scooters