Enclosed herewith Un-audited Financial Results (Consolidated & Standalone) for the first Quarter ended 30th June 2025 of Wardwizard Innovations & Mobility Limited.
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Wardwizard Innovations & Mobility Ltd reported weak Q1 FY26 results with consolidated revenue from operations falling about 37% year-on-year to ₹3,227 lakhs, down from ₹5,141 lakhs in Q1 FY25. Profit after tax declined roughly 52% to ₹111.64 lakhs (from ₹230.23 lakhs), with EPS at ₹0.04 versus ₹0.09. The auditor flagged an 'Emphasis of Matter' covering two issues: a contingent liability of about ₹12.36 crores linked to a Nhava Sheva customs show-cause notice for differential duty (plus possible interest and penalty), and delayed loan repayments to lenders outside original terms. Reported profits were inflated by ₹445 lakhs of one-time interest from distributors with delayed payments, while finance costs nearly doubled to ₹565.57 lakhs and 7 of 14 investor complaints remain unresolved.
Sharp revenue contraction, rising finance costs, and a ₹12+ crore customs contingent liability are key negatives for shareholders; meanwhile, a draft rights issue of up to ₹4,900 lakhs could lead to equity dilution if priced and executed.