Wardwizard Innovations & Mobility Ltd’s stock surged 4% to ₹34.37 following its Q3 FY25 results, reflecting strong growth across key financial metrics. The company reported a consolidated revenue jump of 48.16% quarter-on-quarter (QoQ) to ₹86.41 crore, driven by increased sales of electric vehicles and expanding market presence.
EBITDA for the quarter was ₹12.26 crore, a remarkable improvement from a loss of ₹1.64 crore in the previous quarter, while the profit after tax (PAT) stood at ₹3.82 crore, recovering from a loss of ₹6.22 crore in Q2 FY25.
The stock witnessed a notable rise today, trading within a day range of ₹33.29 – ₹34.95. The company’s current market capitalization stands at ₹8.59 billion, with an average volume of 895.75K shares.
Wardwizard’s launch of the high-speed electric scooter ‘Nemo’ and new electric three-wheelers under the Joy e-rik brand helped bolster its growth. Additionally, its ongoing efforts to deliver customized electric three-wheelers to the Philippines as part of a $1.29 billion order have significantly enhanced its growth outlook.
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