Wardwizard Innovations & Mobility Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
Wardwizard Innovations & Mobility Registers 163.66% Increase in Revenues to Rs. 86.41 crore in Q3 FY24-25
07 Feb 2025 · 7 Feb 2025, 03:01 pm
Summary
Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles, announced its Q3 FY24-25 results with a 163.66% increase in revenues to Rs. 86.41 crore. The company's EBITDA margin expanded significantly by 1465.85% to 14.18%. The growth was driven by improving operational efficiencies, cost optimization, and the launch of new products like the high-speed scooter 'Nemo' and a new range of 'Made in India' electric three-wheelers under Joy e-rik. The company also dispatched a customized electric three-wheeler to the Philippines as part of a USD 1.29 billion order. Strategic partnerships with SpeedForce, Ampvolts Limited, and Mufin Green Finance are expected to boost after-sales service, charging infrastructure, and affordable financing for electric three-wheelers.
Key Highlights
- 1
Revenues increased by 163.66% to Rs. 86.41 crore in Q3 FY24-25
- 2
EBITDA margin expanded significantly by 1465.85% to 14.18%
- 3
Launched new high-speed electric scooter 'Nemo' and a new range of 'Made in India' electric three-wheelers under Joy e-rik
- 4
Dispatched a customized electric three-wheeler to the Philippines as part of a USD 1.29 billion order
- 5
Entered into strategic partnerships with SpeedForce, Ampvolts Limited, and Mufin Green Finance
Management Comments
Mr. Yatin Gupte
We are pleased with the continued momentum in our business, driven by improving operational efficiencies and cost optimization that have resulted in a significant expansion of our EBITDA margin by 1699.87 basis points to 14.18%, reflecting our focus on profitability. The launch of our high-speed scooter ‘Nemo’ and the expansion of our ‘Made in India’ electric three-wheelers under Joy e-rik have further solidified our position. The dispatch of our customized e-Trike to the Philippines, part of a USD 1.29 billion order, is a significant global milestone. Our strategic partnerships are also accelerating the development of a robust EV ecosystem, ensuring accessible financing, after-sales service, and enhanced charging infrastructure. We are optimistic about continuing this growth and achieving new milestones in the EV sector.
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