Wardwizard Q1 Profit Declines Despite Strategic Gains

07 Aug 2025 CW Team

On a consolidated basis, the company reported revenues of Rs 368.89 million, down 28.3 per cent year-on-year from Rs 514.43 million. EBITDA rose 15.47 per cent to Rs 86.47 million, improving the EBITDA margin to 23.44 per cent from 14.56 per cent in the same quarter last year. However, profit after tax (PAT) fell by 51.5 per cent to Rs 11.16 million, while PAT margin declined by 145 basis points to 3.03 per cent. Earnings per share dropped from Rs 0.09 to Rs 0.04, marking a 55.56 per cent fall.

Standalone figures showed a similar trend. Total revenues dropped by 24.7 per cent to Rs 368.91 million. EBITDA rose 13.1 per cent to Rs 86.50 million, with margins increasing by 783 basis points to 23.45 per cent. However, PAT declined sharply by 53.65 per cent to Rs 11.19 million, and PAT margin fell to 3.03 per cent. EPS also halved to Rs 0.04.

Chairman and Managing Director Yatin Gupte stated that while Q1 was a modest start to the fiscal year, the company achieved strategic milestones that lay the groundwork for future growth. Key developments included entry into the fleet segment, a 2,500-unit order from SpeedforceEV, and a memorandum of understanding with XiCon International to lease 7,500 electric scooters.

He added that the company remains committed to innovation, operational efficiency, and expanding market reach both domestically and internationally. With the festive season around the corner, starting with Ganesh Chaturthi, Gupte expressed optimism about improving consumer sentiment and increased demand. He said the company is poised for improved performance in the coming quarters thanks to a strong order pipeline, enhanced distribution, and clear strategic focus.

Wardwizard Innovations & Mobility Ltd, a leading electric vehicle manufacturer under the brands ‘Joy e-bike’ and ‘Joy e-rik’, has released its financial results for the first quarter of FY26 (April–June 2025), showing a sharp decline in profits despite moderate improvements in operational performance.On a consolidated basis, the company reported revenues of Rs 368.89 million, down 28.3 per cent year-on-year from Rs 514.43 million. EBITDA rose 15.47 per cent to Rs 86.47 million, improving the EBITDA margin to 23.44 per cent from 14.56 per cent in the same quarter last year. However, profit after tax (PAT) fell by 51.5 per cent to Rs 11.16 million, while PAT margin declined by 145 basis points to 3.03 per cent. Earnings per share dropped from Rs 0.09 to Rs 0.04, marking a 55.56 per cent fall.Standalone figures showed a similar trend. Total revenues dropped by 24.7 per cent to Rs 368.91 million. EBITDA rose 13.1 per cent to Rs 86.50 million, with margins increasing by 783 basis points to 23.45 per cent. However, PAT declined sharply by 53.65 per cent to Rs 11.19 million, and PAT margin fell to 3.03 per cent. EPS also halved to Rs 0.04.Chairman and Managing Director Yatin Gupte stated that while Q1 was a modest start to the fiscal year, the company achieved strategic milestones that lay the groundwork for future growth. Key developments included entry into the fleet segment, a 2,500-unit order from SpeedforceEV, and a memorandum of understanding with XiCon International to lease 7,500 electric scooters.He added that the company remains committed to innovation, operational efficiency, and expanding market reach both domestically and internationally. With the festive season around the corner, starting with Ganesh Chaturthi, Gupte expressed optimism about improving consumer sentiment and increased demand. He said the company is poised for improved performance in the coming quarters thanks to a strong order pipeline, enhanced distribution, and clear strategic focus.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Infrastructure Transport

13 Oct 2025

PM Modi Inaugurates Mumbai Metro 3 Final Phase, 33.5 km Aqua Line

Prime Minister Narendra Modi inaugurated the final phase of Mumbai’s first fully underground Metro 3, making the 33.5 km Aqua Line operational. The line connects Aarey in North Mumbai to Colaba in South Mumbai, aiming to ease congestion on suburban trains and roads. The final stretch, spanning 11.2 km from Acharya Atre Chowk in Worli to Cuffe Parade, provides connectivity to six major business centres, including Nariman Point, Cuffe Parade, Fort, Lower Parel, BKC, and SEEPZ/MIDC. According to Mumbai Metro Rail Corporation (MMRC), the stretch also links areas such as Kalbadevi, Girgaum, Worl..

Building Material

13 Oct 2025

M.E. Energy Wins Rs 490 Million Ferro Alloys EPC Order

M.E. Energy Pvt Ltd, a wholly owned subsidiary of Kilburn Engineering Ltd and a leading Indian engineering company specialising in energy recovery and cost reduction solutions, has secured its second consecutive major order valued at Rs 490 million in the ferro alloys sector. The order is for an Engineering Procurement and Construction (EPC) contract to develop a 12 MW Waste Heat Recovery Based Power Plant (WHRPP). This repeat order underscores the growing trust of the ferro alloys industry in M.E. Energy’s expertise in delivering reliable, efficient, and sustainable energy solutions tailor..