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Tag: Mr. Yatin Gupte

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Wardwizard Innovations & Mobility Q1 FY’25 Revenue Hits Rs. 489.68 Million, Grows 29.23% YoY

Jul 31, 2024 by Mansi 0 Comments #Joy e-bike, #Joy e-rik, #Mr. Yatin Gupte, #WardWizard

Vadodara, July 31, 2024: Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, today announced its financial results for Q1 of FY’25 (April-June 2024).

Standalone Q1 FY25 Key Financials at a Glance

Particulars (₹ Millions) Q1 FY25 Q1 FY24 YoY Change
Total Revenues 489.68 378.93 29.23%
EBITDA 76.48 47.76 60.13%
EBITDA (%) 15.62 12.60 302 Bps
PAT 24.15 17.51 37.92%
PAT (%) 4.93 4.62 31 Bps
EPS (₹) 0.09 0.07 28.57%

 

Consolidated Q1 FY25 Key Financials at a Glance

 

 

Particulars (₹ Lakhs)

 Q1 FY25 Q1 FY24 YoY Change
Total Revenues 514.43 378.83 35.79%
EBITDA 74.89 45.17 65.80%
EBITDA (%) 14.56 11.92 264 Bps
PAT 23.02 15.64 47.19%
PAT (%) 4.47 4.13 34 Bps
EPS (₹) 0.09 0.06 50.00%

Commenting on the performance of Q1 FY’25, Mr Yatin Gupte, Chairman & Managing Director, WardWizard Innovations and Mobility Ltd. said, “The Q1FY’25 results showcases steady growth for the WardWizard Innovations driven by the increasing demand for electric vehicles in the industry. This quarter was significant for us as we successfully secured a landmark order from Beulah International Development Corporation in Philippines, which is reflective of the growing global demand and trust on our indigenous technologies and products. We are actively expanding our reach into new markets within India and are connecting with a broader customer base. As the festive season approaches, we are confident in further solidifying our position in the EV industry. The government’s progressive and forward-thinking Union Budget 2024-25, with the announcement to fully exempt customs duty on critical materials such as rare earth metals including lithium, can further incentivize electric mobility. Wardwizard Innovations remains dedicated to driving sustainable mobility solutions, fostering innovation, and contributing to a greener, more connected world.”

In a significant development in the 1st quarter, Wardwizard Innovations & Mobility Limited had secured a substantial order worth USD 1.29 billion from Beulah International Development Corporation. Beulah International, a prominent full-service business integration company and EPC firm in the Philippines, is backed by RP Connect. This strategic order will involve the delivery of electric two-wheelers and three-wheelers from Wardwizard’s existing product portfolio. Additionally, the company will develop and supply four-wheelers for commercial vehicle applications in the Philippine market.

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Wardwizard Innovations & Mobility Limited appoints Mr. Akhtar Khatri as Director – Sales & Strategy

Apr 24, 2024 by Sujata 0 Comments #Joy e-bike, #Joy e-rik, #Mr. Akhtar Khatri, #Mr. Yatin Gupte, #Wardwizard Innovations

Vadodara, April 24, 2024: Wardwizard Innovations & Mobility Limited, a leading manufacturer of electric two-wheelers under the brand ‘Joy e-bike’ and three-wheelers under the brand ‘Joy e-rik’ in India, is pleased to announce the appointment of Mr. Akhtar Khatri as Director – Sales & Strategy (Domestic & International Sales).

With an illustrious career spanning over 25 years, Mr. Khatri brings a wealth of experience and expertise in banking, finance, sales, and marketing to his new role. As the Director – Sales & Strategy (Domestic & International Sales), Mr. Khatri will be handling the Sales & Strategy for 2W/3W/4W business and exploring the International Market. He will be developing strategic plans for increasing sales to align with business goals. He will also take care of Institutional Sales and Corporate Business. He will play a pivotal role in steering Wardwizard Innovations’ sales ventures to new heights while aligning them with the company’s primary vision. His proactive approach and comprehensive skill set will be instrumental in capitalising on market opportunities and fortifying Wardwizard’s position as a leader in sustainable mobility solutions.

akhtar khatri

Commenting on the appointment, Mr. Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations & Mobility Limited, said, “We are delighted to welcome Mr. Akhtar Khatri to the Wardwizard Innovations family. His proven track record and strategic acumen make him an invaluable addition to our leadership team. We are confident that under his guidance, we will continue to innovate, expand our market presence, and deliver exceptional value to our customers.”

Expressing his enthusiasm about his new role, Mr. Akhtar Khatri, Director – Sales & Strategy (Domestic & International Sales) Wardwizard Innovations & Mobility Limited, said, “I am honoured to be appointed as the Director – Sales & Strategy (Domestic & International Sales) at Wardwizard Innovations & Mobility Limited. The company’s commitment to pioneering electric mobility solutions aligns with my personal and professional ethos. I look forward to collaborating with the talented team at Wardwizard to drive sustainable growth and create a lasting impact.”

Mr. Khatri joins Wardwizard Innovations from Mangalam Industrial Finance Limited, where he served as the Chief Finance Officer. Prior to his tenure at Mangalam Industrial Finance Limited, he held key positions such as NRI Business Head at AXIS Bank Ltd. and Senior Divisional Manager at Bajaj Allianz Life Insurance Co. Ltd. With a keen eye for planning, strategy, and implementation, Mr. Khatri has consistently displayed his ability to augment sales growth and profitability throughout his career. His extensive knowledge in banking, insurance, and investment banking, coupled with his proven leadership skills, make him a valuable asset to Wardwizard.

Wardwizard Innovations & Mobility Limited looks forward to leveraging Mr. Khatri’s expertise to drive progressive strategies that align with the company’s commitment to sustainable and innovative mobility solutions.