Enclosed herewith Press Release dated 6th August 2025 of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility, the maker of Joy e-bike and Joy e-rik electric vehicles, reported its Q1 FY26 (April-June 2025) results. Consolidated revenue fell 28.29% YoY to Rs. 368.89 million, but consolidated EBITDA rose 15.47% YoY to Rs. 86.47 million, with EBITDA margin expanding sharply from 14.56% to 23.44% (up 888 basis points). Consolidated profit after tax (PAT) declined 51.51% YoY to Rs. 11.16 million, and EPS stood at Rs. 0.04 versus Rs. 0.04 in the prior quarter (down 55.56% YoY). Standalone numbers showed a similar trend with revenue at Rs. 368.91 million and EBITDA at Rs. 86.50 million. On the business front, the company announced its entry into the fleet segment, secured a 2,500-unit order from SpeedforceEV, and signed an MoU with XiCon International to lease 7,500 electric scooters. Management expressed optimism about improved demand heading into the festive season starting with Ganesh Chaturthi.
Mixed results for shareholders - top-line shrank sharply while profitability margins strengthened, suggesting cost discipline. The new fleet orders and partnerships provide a forward growth pipeline, but weak PAT and lower EPS may cap near-term upside; sentiment could hinge on whether festive-season demand materializes as guided.