Enclosed herewith Un-audited Financial Results (Consolidated & Standalone) of the Wardwizard Innovations & Mobility Limited as on 30th September 2025
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Wardwizard Innovations & Mobility reported a sharp revenue drop in Q2 FY26, with consolidated revenue from operations falling to Rs 33.43 crore from Rs 58.18 crore a year earlier (down ~42%). For H1 FY26, revenue stood at Rs 65.70 crore vs Rs 109.60 crore last year. Despite the revenue decline, the company swung to a profit of Rs 14.37 lakh in Q2 (vs a loss of Rs 6.22 crore last year) and Rs 1.26 crore for H1 (vs a loss of Rs 3.91 crore), helped by lower raw material and advertising costs and Rs 1.57 crore of other income (interest from delayed payments by dealers). Short-term borrowings came down to Rs 141.79 crore from Rs 192.66 crore, while long-term borrowings rose to Rs 20.26 crore from Rs 3.80 crore. The auditor flagged an Emphasis of Matter on a Rs 12.36 crore custom duty demand from Nhava Sheva customs authority (shown as contingent liability). The company also raised Rs 44.14 crore via a Rights Issue of 4.01 crore shares at Rs 11 each in October 2025.
Margins have improved sharply even as sales shrank, but the steep revenue drop and the open Rs 12.36 crore customs duty dispute remain key risks. The rights issue and lower short-term debt should ease liquidity pressure for shareholders.