Wardwizard Innovations and Mobility Announces Q3 FY24 Results, Showcasing an Impressive 81% Surge in EBITDA

Vadodara: Wardwizard Innovations & Mobility Limited (BSE Code: 538970), a leading auto manufacturing company in the EV segment, has announced its Unaudited Financial Results for the Q3 FY24.
Standalone Q3 FY24 Key Financials at a Glance

Particulars (₹ Crore) Q3 FY24 Q3 FY23 YoY Change
Total Revenues 106.32 69.83 52.27 %

EBITDA 11.50 6.49 77.22 %

EBITDA (%) 10.82 9.29 152.32 Bps

PAT 5.70 3.43 66.12 %

PAT (%) 5.36 4.91 44.73 Bps

EPS (₹) 0.22 0.14 57.14 %


Consolidated Q3 FY24 Key Financials at a Glance

Particulars (₹ Crore) Q3 FY24 Q3 FY23 YoY Change
Total Revenues 106.32 69.83 52.27 %

EBITDA 11.22 6.20 80.94 %

EBITDA (%) 10.55 8.88 167.18 Bps

PAT 5.35 3.36 59.38 %

PAT (%) 5.03 4.81 22.44 Bps

EPS (₹) 0.21 0.13 61.54 %


Commenting on the performance, Mr. Yatin Gupte – Chairman & Managing Director of Wardwizard Innovations & Mobility Limited said, “We are delighted to announce our exceptional financial performance in Q3 FY24, highlighting robust growth that reflects our commitment to delivering sustainable and innovative electric mobility solutions to the dynamic Indian market. The increase in sales volume indicates a rising acceptance of our offerings. Our strategic investments in marketing have yielded positive results, and we anticipate the upward trajectory of sales volume to persist. This, in turn, will fortify our company’s performance with a positive bias. As we actively pursue further expansion and development, Wardwizard has successfully appointed intermediaries for our fundraising activities. This strategic move positions us well for future growth and development as we continue to navigate the dynamic landscape of the electric vehicle industry.”