Enclosed herewith Press Release dated 14th November 2025 of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility Limited reported Q2 FY26 results showing a sharp revenue decline but a significant turnaround in profitability. Total standalone revenue fell about 41% year-on-year to ₹345.06 million from ₹583.23 million. However, the company swung to a profit — EBITDA rose to ₹61.38 million (margin of 17.79%) from a loss of ₹14.31 million last year, and PAT turned positive at ₹1.74 million versus a loss of ₹59.58 million, with EPS at ₹0.01. Management attributed the improvement to disciplined cost control, better operational efficiency, and a shift toward fleet-driven demand amid a broader slowdown in India's two- and three-wheeler EV market. On the growth side, the company highlighted its ongoing Philippines EV order, a new MoU with XiCon International to deploy 7,500 electric scooters across major cities by FY27, and a partnership with Battery Smart for swappable battery solutions.
Mixed picture for shareholders — the steep revenue drop signals demand weakness in the core business, but the return to profitability, expanding margins, and a growing pipeline of fleet and international deals provide potential forward-looking catalysts.