Please find Enclosed the Financial Statements of the Company for the Quarter and Year Ended on 31st March 2025.
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Wardwizard Innovations & Mobility Ltd reported FY25 standalone revenue of ₹30,241 lakhs, down ~4.7% from ₹31,731 lakhs in FY24. Standalone profit after tax fell sharply to ₹679 lakhs from ₹1,415 lakhs, a drop of about 52%, mainly due to higher finance costs (₹2,040 lakhs vs ₹521 lakhs) and rising advertising expenses. Q4 standalone revenue was ₹10,903 lakhs (down ~15% YoY) but Q4 PAT rose to ₹649 lakhs from ₹428 lakhs. Consolidated FY25 revenue was ₹30,494 lakhs with PAT of ₹636 lakhs. The auditor flagged two emphasis-of-matter items: a contingent liability of ~₹12.36 crore from a Nhava Sheva customs showcause notice, and delayed loan repayments to lenders. The company also disclosed a past income tax search at its premises with impact not yet ascertainable. Operating cash flow remained deeply negative at -₹6,871 lakhs, and current borrowings surged from ₹7,252 lakhs to ₹19,262 lakhs, significantly increasing leverage.
Mixed-to-negative for shareholders: while the company stayed profitable, full-year earnings nearly halved, revenue shrank, finance costs ballooned, and short-term debt more than doubled, pointing to higher financial risk. The auditor's emphasis on contingent liabilities and delayed loan repayments, combined with a proposed ₹4,900 lakh rights issue and a modest ₹0.10 dividend, suggests the stock may remain under pressure until the customs dispute is resolved and cash flows improve.