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Tag: WardWizard

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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.

WardWizard hosts ‘Green Plantation Drive’ this World Environment Day; Pledges to plant over 10, 000 Saplings in Vadodara
business

WardWizard hosts ‘Green Plantation Drive’ this World Environment Day; Pledges to plant over 10, 000 Saplings in Vadodara

Jun 6, 2022 by Praveen 0 Comments #Green Plantation Drive’, #Vadodara, #WardWizard

Committed to its social responsibility of making the earth greener and healthier for the generation of today and tomorrow, WardWizard Innovations and Mobility Ltd. (BSE Code: 538970) – one of the leading manufacturers of electric two-wheeler brand ‘Joy e-bike’ is all set to host a ‘Green Plantation Drive’, across its manufacturing facilities and ancillary clusters in Vadodara, Gujarat. The drive is scheduled to commence on the 5th Of June 2022.

Aligning itself to this year’s Environment Day theme – “Only One Earth-Living Sustainably in Harmony with Nature”, the company pledges to plant more than 10,000 saplings and conduct multiple cleaning activities to improve the hygiene conditions of nearby areas.

Furthermore, the brand has also launched a video campaign, emphasizing on the urgency to focus on environmental sustainability. Drawing analogy between Plan B and Planet B, the video subtly, yet powerfully conveys that we can create plan B, but we can’t create a Planet B, we have ‘Only One Earth’.

Speaking of the special occasion, Mr Yatin Gupte, Chairman and Managing Director, Wardwizard Innovations and Mobility Ltd said, “As a responsible corporate we are committed to a sustainable future and making our earth better each day for a brighter today and tomorrow. For us, World Environment Day is not just about appreciating the nature around us but also driving positive changes for the progress of humanity. The plantation of 10,000 trees will help in enhancing the living quality around our ancillary as well as help in promoting ecological balance.”  

 

As a part of this drive, the company will plant saplings, and hence targets to complete the activity by June 12, 2022. The plantation drive will be carried out across a land area of 91 acres.