Enclosed herewith Press Release dated 30th April, 2025 of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility reported Q4FY25 consolidated revenue of ₹10,907 lakhs, down 14.86% YoY from ₹12,811 lakhs. Despite the revenue dip, EBITDA jumped 86.76% YoY to ₹1,883 lakhs, with EBITDA margin expanding sharply by 939 basis points to 17.26%. Consolidated PAT rose 62.21% YoY to ₹645 lakhs. For the full year FY25, consolidated revenue declined 5.13% to ₹30,494 lakhs, while FY25 EBITDA grew 13.88% to ₹3,693 lakhs and PAT fell 52.68% to ₹636 lakhs. The company highlighted fleet expansion of 400+ two-wheelers in Kolkata, Pune, and Ahmedabad, L5 e-rickshaw launches in Maharashtra, and progress on its $1.29 billion EV partnership in the Philippines.
Mixed picture for shareholders: Q4 shows improving profitability with strong margin expansion and PAT growth despite weak top-line, but full-year PAT nearly halved and revenue continues to shrink, suggesting cost-led earnings improvement rather than volume-led growth.