Wardwizard Q4FY25: PAT at INR 645 Lakh, EBITDA up 62 Percent to INR 1,951 lakh, Revenue INR 10,907 Lakh

Wardwizard Innovations and Mobility Ltd. reported robust consolidated EBITDA growth of 62.2 percent year-on-year in the fourth quarter of FY 2025, underpinning a notable margin expansion despite a modest revenue decline.

For Q4 FY 25, consolidated revenues stood at INR 10,907 lakhs, down 14.9 percent from INR 12,811 lakhs a year earlier, while EBITDA surged to INR 1,882.9 lakhs, an 86.8 percent increase, lifting the margin by 939 basis points to 17.3 percent. Net profit after tax rose 62.2 percent to INR 644.6 lakhs, translating to an EPS of INR 0.25.

On a full-year consolidated basis, revenues eased 5.1 percent to INR 30,494 lakhs, yet EBITDA climbed 13.9 percent to INR 3,693 lakhs, and margins widened by 222 basis points to 12.1 percent. PAT for FY 25 totaled INR 635.7 lakhs, down 52.7 percent from the previous year, with an EPS of INR 0.24. Standalone results mirrored these trends, with Q4 revenues of INR 10,902.9 lakhs, EBITDA of INR 1,887.8 lakhs (up 81.7 percent), and PAT of INR 649.5 lakhs (up 51.8 percent).

Commenting on the quarter’s performance, Yatin Sanjay Gupte, Chairman and Managing Director, said that the company closed FY 25 on a strong note, delivering five consecutive years of profitability amid industry headwinds. He highlighted the 86.8 percent jump in Q4 EBITDA and 281 basis-point improvement in PAT margin as evidence of the strength of Wardwizard’s strategy and execution.

During the year, Wardwizard expanded its electric fleet with over 400 two-wheelers deployed across Kolkata, Pune, and Ahmedabad, and introduced L5-class passenger e-rickshaws in Maharashtra. Strategic partnerships with SpeedForceEV, AmpVolts, and Cabeys are scaling charging and mobility solutions in key markets, while a USD 1.29 billion EV collaboration in the Philippines is progressing.

Gupte emphasised that price reductions on core models, a growing charging network, and viability-driven funding schemes are enhancing accessibility and driving private-sector participation. He said, “Our profitable track record, sustained for five years, sets us apart“and with continued innovation and targeted execution, we are laying the groundwork for long-term growth.”

Wardwizard Innovations and Mobility Ltd., India’s first EV manufacturer listed on the BSE, markets its products under the Joy e-bike and Joy e-rik brands. With over ten models in high- and low-speed categories and a presence in more than 400 cities, the company remains focused on expanding its footprint and accelerating the transition to cleaner, zero-emission transportation.