Wardwizard Innovations & Mobility Ltd
P&L
Quarterly Consolidated
vs Q3 FY25
Wardwizard Innovations & Mobility Reports Consolidated EBITDA Growth of 62% YoY in Q4FY25
02 May 2025 · 2 May 2025, 01:55 am
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.
Key Highlights
- 1
Q4 EBITDA grew 86.76% YoY and margins expanded by 939 bps
- 2
PAT rose 62% and PAT margin improved by 281 bps
- 3
Over 400 two-wheelers deployed in Kolkata, Pune, and Ahmedabad
- 4
Launched L5 passenger e-rickshaws in Maharashtra
- 5
Partnerships with SpeedForceEV, AmpVolts, and Cabeys to scale mobility and charging solutions
Management Comments
Mr Yatin Sanjay Gupte
We closed FY25 on a strong note, with 04 EBITDA growing 86.76% YoY and margins expanding by 939 bps, alongside a 62% rise in PAT and a 281 bps improvement in PAT margin. While annual revenues saw a slight decline, EBITDA rose 14% YoY. During the year, we expanded our electric fleet with over 400 two-wheelers deployed in Kolkata, Pune, and Ahmedabad, and launched L5 passenger e-rickshaws in Maharashtra. Partnerships with SpeedForceEV, AmpVolts, and Cabeys are helping scale mobility and charging solutions across key markets. wy 5 % 1 = & wizard ehh ward nnovations & Mobility Limited We remain focused on enhancing accessibility and scale. Price reductions across key models, a growing charging network, and progress on the $1.29 billion EV partnership in the Philippines are driving momentum. Amid a challenging industry backdrop, our profitable performance, sustained for five consecutive years, sets us apart and reinforces the strength of our strategy. With continued innovation and targeted execution, we are building a stronger foundation for long-term growth
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