Summary

Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric vehicles, announced its financial results for Q2 of FY’26 (July-September 2025). The company reported improved profitability with EBITDA and PAT turning positive. This improvement is attributed to 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

1. 1

   Q2 FY26 revenue: 344.92 million (< Millions)

2. 2

   Q2 FY25 revenue: 583.22 million (< Millions)

3. 3

   YoY Change: 40.86%

4. 4

   Q2 FY26 EBITDA: 61.08 million

5. 5

   Q2 FY25 EBITDA: 16.42 million

6. 6

   YoY Change: 471.87%

7. 7

   Q2 FY26 EBITDA (%): 17.71%

8. 8

   Q2 FY25 EBITDA (%): 2.82%

9. 9

   YoY Change: 2053 Bps

10. 10

    Q2 FY26 PAT (%): 0.42%

11. 11

    Q2 FY25 PAT (%): 10.66%

12. 12

    YoY Change: 1108 Bps

13. 13

    Company's focus on enhancing product quality, scaling fleet deployments, and expanding the charging and swapping ecosystem

14. 14

    Collaboration with Battery Smart to expand swappable battery solutions across Joy e-bike dealerships

15. 15

    Expansion into fleet operations and last-mile delivery mobility

16. 16

    Active deployments across key cities including Hyderabad, Kolkata, Ahmedabad, and Pune

17. 17

    Signed MoU with XiCon International for the lease of 7,500 electric scooters by FY 2026-27