Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility announced that the Board of Directors of the Company at its meeting held on 30 April 2025, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Wardwizard Innovations & Mobility rose 62.47% to Rs 6.45 crore in the quarter ended March 2025 as against Rs 3.97 crore during the previous quarter ended March 2024. Sales declined 14.86% to Rs 109.07 crore in the quarter ended March 2025 as against Rs 128.11 crore during the previous quarter ended March 2024. For the full year,net profit declined 52.68% to Rs 6.36 crore in the year ended March 2025 as against Rs 13.44 crore during the previous year ended March 2024. Sales declined 5.13% to Rs 304.94 crore in the year ended March 2025 as against Rs 321.42 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales109.07128.11 -15 304.94321.42 -5 OPM %17.177.75 -11.989.83 - PBDT11.718.21 43 16.5326.59 -38 PBT9.666.46 50 9.8619.92 -51 NP6.453.97 62 6.3613.44 -53 Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

Wardwizard Innovations & Mobility is further strengthening its presence in fleet operations and last-mile delivery mobility. Following the successful deployment of 100 electric two-wheelers in Hyderabad, the company, in partnership with SpeedForcEV, is now deploying 400 electric two-wheelers across Kolkata, Pune, and Ahmedabad. The success of the Hyderabad deployment has generated significant demand from various industry players and regions across India. Wardwizard's comprehensive end-to-end solutions, coupled with its extensive service network, have ensured record uptime for vehicles, enhancing operational efficiency and enabling delivery partners to exceed revenue expectations. This latest expansion will further strengthen the Quick Commerce and E-Commerce sectors by optimizing delivery operations for leading industry players. Expanding beyond two-wheelers, Wardwizard, in collaboration with SpeedForcEV and Cabeys (a ride-hailing platform), will also deploy 200 L5 passenger electric three-wheelers in Maharashtra. This initiative aims to provide auto drivers with greater earning opportunities while offering daily commuters faster and more cost-effective transportation options. Additionally, Wardwizard Innovations & Mobility has recently collaborated with AmpVolts, a key partner instrumental in this expansion. AmpVolts' extensive EV charging network will play a crucial role in ensuring seamless operations for the deployed fleet, further reinforcing Wardwizard's commitment to building a comprehensive and sustainable EV ecosystem. Speaking on the expansion, Yatin Gupte, Chairman & Managing Director, Wardwizard Innovations & Mobility, said, 'The noteworthy success of our Hyderabad deployment has proven the efficiency and reliability of our integrated fleet solutions. With the deployment of 400 electric two-wheelers and the plan to deploy 200 L5 passenger electric three-wheelers in the ride-hailing sector, we are enhancing efficiency for both delivery partners and daily commuters through reliable, high-performance EVs. Features like a long-range battery and seamless charging make it an ideal solution for last-mile mobility. With low operational costs, our fleet partners can maximize savings while contributing to a greener future. We aim to deploy 5000 L5 Passenger electric three-wheelers in the ride-hailing sector across various Indian states in FY 25-26. Our partnerships with SpeedForcEV, AmpVolts and Cabeys strengthen our vision of making electric mobility accessible, reliable, and financially rewarding for all stakeholders.'Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 28 March 2025.Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 8 March 2025.Powered by Capital Market - Live

Net profit of Wardwizard Innovations & Mobility declined 28.60% to Rs 3.82 crore in the quarter ended December 2024 as against Rs 5.35 crore during the previous quarter ended December 2023. Sales declined 18.84% to Rs 86.27 crore in the quarter ended December 2024 as against Rs 106.29 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales86.27106.29 -19 OPM %14.0510.52 - PBDT5.659.61 -41 PBT4.037.88 -49 NP3.825.35 -29 Powered by Capital Market - Live

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

In collaboration with SpeedforcEV under the banner of Optimotion, the company deployed its first batch of 100 electric two-wheelers in Hyderabad. The company will provide various initiatives through strategic partnerships, including vehicle supply, 24/7 maintenance, spare parts availability, charging infrastructure, financing solutions, and insurance support. This integrated approach ensures zero downtime for fleet operators, maximizing vehicle uptime and optimizing revenue potential. Cashless insurance services will be managed by Bluebells, financing by Mangalam Industrial Finance, charging stations by Ampvolts, and spare parts and maintenance by SpeedforcEV. With an initial deployment for Zomato, Swiggy, Flipkart, Amazon, and BigBasket, the company plans to expand rapidly across major metropolitan cities beyond Hyderabad, including Chennai, Mumbai, Pune, Vadodara, Ahmedabad, Kolkata, Bangalore, and Surat. Looking ahead, the company plans to extend its partnerships to B2B, B2C, and retail players, further strengthening its presence in the rapidly growing electric mobility sector. Yatin Gupte, chairman & managing director of Wardwizard Innovations & Mobility, said: This is a landmark moment for the Indian EV industry, as we are building endeavoring a complete end-to-end ecosystem to support fleet operations. Our partnership with SpeedforcEV for fleet operations, Mangalam Industrial Finance Limited, Mufin Green Finance, Bluebells Insurance Broking., Ampvolts, and other key industry players ensures a hassle-free experience for businesses, maximizing uptime and revenue potential. We are targeting the deployment of 8,000 vehicles by March 2025 and scaling up to 50,000 vehicles by March 2026, reinforcing our commitment to driving EV adoption in the country. We are dedicated to revolutionizing last-mile mobility and fleet operations with innovative and sustainable solutions.' Meanwhile, the company's board is scheduled to meet on 6 February 2025 to review unaudited financial results for the third quarter and nine months ended 31 December 2024, both on a standalone and consolidated basis, along with the limited review report. Wardwizard Innovations & Mobility is one of the leading manufacturers of electric two-wheelers under the brand 'Joy e-bike' and three-wheelers under the brand 'Joy e-rik' in India. With more than 10 models in its portfolio in both high- and low-speed categories, the company has established a strong presence in more than 400+ cities across India. The company reported a consolidated net loss of Rs 6.55 crore in Q2 FY25 as compared to a net profit of Rs 2.55 crore recorded in Q2 FY24. Net Sales jumped 18.4% to Rs 58.18 crore in Q2 FY25 from Rs 49.15 crore posted in Q2 FY24. The counter fell 2.62% to end at Rs 31.59 on Monday, 3 February 2024.Powered by Capital Market - Live

This strategic partnership marks a significant milestone toward advancing battery technology and enhancing the performance of electric vehicles, aligning with India's vision for green mobility. Under the MoU, Wardwizard Innovations and C4V will work together to define product specifications, develop prototypes, and conduct rigorous testing to ensure superior performance and reliability. Additionally, the partnership highlights a shared commitment to localizing manufacturing in India, supporting the 'Make in India' initiative while fostering innovation in sustainable energy solutions. 'The collaboration aims to develop advanced battery cells customized to meet the specific performance requirements of Wardwizard Innovations' electric vehicle portfolio, including high-speed scooters and three-wheelers. Leveraging C4V's expertise in high-charging cycle battery pack architecture and cells, insights into the right chemical combinations, and breakthroughs in highly stable LFP (lithium iron phosphate) batteries optimized for India's climatic conditions, the partnership promises to deliver high-performance battery solutions for electric vehicles, stated in the company's press release. This partnership positions Wardwizard Innovations and C4V as key players in the development of advanced EV batteries, with plans to localize production in India while catering to global markets. By leveraging their expertise and resources, the two companies are poised to accelerate the adoption of electric mobility, contributing to a cleaner and more sustainable future, it added. Yatin Gupte, chairman & MD, Wardwizard Innovations & Mobility, said, 'This partnership with C4V Holdings LLC is a milestone in our journey to revolutionize the EV ecosystem. By collaborating on cutting-edge battery technology, we aim to deliver innovative and sustainable solutions for our customers while contributing to India's green mobility vision. This MoU reaffirms our commitment to localization and advancing technological capabilities in the EV industry.' Dr. Shailesh Upreti, CEO, C4V, said, 'We are excited to partner with Wardwizard Innovations to bring our advanced battery technology to India. This collaboration provides C4V with a valuable opportunity to establish supply agreements not only in India but also in other key regions. By leveraging Wardwizard's expertise and market presence, we aim to deliver high-performance battery solutions that drive innovation and growth for both companies while supporting the global transition to sustainable energy.' Wardwizard Innovations & Mobility is one of the leading manufacturers of electric two-wheelers under the brand 'Joy e-bike' and three-wheelers under the brand 'Joy e-rik' in India. With more than 10 models in its portfolio in both high- and low-speed categories, the company has established a strong presence in more than 400+ cities across India. The company reported a consolidated net loss of Rs 6.55 crore in Q2 FY25 as compared to a net profit of Rs 2.55 crore recorded in Q2 FY24. Net Sales jumped 18.4% to Rs 58.18 crore in Q2 FY25 from Rs 49.15 crore posted in Q2 FY24. Shares of Wardwizard Innovations & Mobility tumbled 4.32% to Rs 37.10 on the BSE.Powered by Capital Market - Live