Wardwizard Innovations & Mobility Limited, a prominent electric vehicle manufacturer under the ‘Joy e-bike’ and ‘Joy e-rik’ brands, has announced its financial results for the full fiscal year 2024–25 (April 2024 to March 2025) and for the fourth quarter of FY25 (January to March 2025).
Standalone Q4FY’25 & FY25 Key Financials at a Glance
| Particulars (₹ Lakhs) | Q4 FY25 | Q4 FY24 | YoY % | FY’ 25 | FY’ 24 | YoY % |
| Total Revenues | 10902.95 | 12804.93 | -14.85% | 30241.10 | 31713.43 | -4.64% |
| EBITDA | 1887.76 | 1038.73 | 81.74% | 3736.43 | 3252.09 | 14.89% |
| EBITDA Margin (%) | 17.31% | 8.11% | 920 bps | 12.36% | 10.24% | 212 bps |
| PAT | 649.47 | 427.89 | 51.78% | 679.07 | 1415.16 | -52.01% |
| PAT Margin (%) | 5.96% | 3.34% | 262 bps | 2.25% | 4.46% | -221 bps |
| EPS (₹ Per Share) | 0.25 | 0.16 | 56.25% | 0.26 | 0.54 | -51.85% |
Consolidated Q4FY’ 25 & FY25 Key Financials at a Glance
| Particulars (₹ Lakhs) | Q4 FY25 | Q4 FY24 | YoY % | FY’ 25 | FY’ 24 | YoY % |
| Total Revenues | 10907.18 | 12811.44 | -14.86% | 30494.22 | 32141.97 | -5.13% |
| EBITDA | 1882.92 | 1008.23 | 86.76% | 3693.07 | 3180.44 | 13.88% |
| EBITDA Margin (%) | 17.26% | 7.87% | 939 bps | 12.11% | 9.89% | 222 bps |
| PAT | 644.63 | 397.40 | 62.21% | 635.71 | 1343.51 | -52.68% |
| PAT Margin (%) | 5.91% | 3.10% | 281 bps | 2.08% | 4.18% | -210 bps |
| EPS (₹ Per Share) | 0.25 | 0.16 | 56.25% | 0.24 | 0.52 | -53.85% |
Mr. Yatin Sanjay Gupte, Chairman and MD of Wardwizard Innovations & Mobility Ltd., noted that Q4FY25 ended on a strong note with an 86.76% YoY rise in EBITDA, 62% growth in PAT, and significant margin improvements. Despite a slight dip in annual revenue, EBITDA grew 14% YoY. The company expanded its EV fleet across major cities and launched L5 e-rickshaws in Maharashtra, while partnerships with SpeedForceEV, AmpVolts, and Cabeys supported growth in mobility and charging infrastructure.
Wardwizard Innovations & Mobility Ltd. remains focused on enhancing accessibility and scale. Momentum is being driven by price reductions across key models, the expansion of the charging network, and progress on the $1.29 billion EV partnership in the Philippines. Despite industry challenges, the company’s consistent profitability over the past five years highlights the strength of its strategy. With ongoing innovation and focused execution, Wardwizard is laying a strong foundation for long-term growth.
