Wardwizard Clocks Revenue Of Rs. 489.68 Mn In FY’25; Records 29.23% YoY Growth
In the 1st quarter, the Company had secured a substantial order worth USD 1.29 billion
Wardwizard Innovations & Mobility, a manufacturer of electric vehicles under the brands 'Joy e-bike’ and ‘Joy e-rik’, has released its financial results for Q1 of FY’25 (April-June 2024).
Commenting on the performance of Q1 FY’25, Yatin Gupte, Chairman & Managing
Director, WardWizard Innovations and Mobility, said, “This quarter was significant for us as we successfully secured a landmark order from Beulah International Development Corporation in Philippines, which is reflective of the growing global demand and trust on our indigenous technologies and products. We are actively expanding our reach into new markets within India and are connecting with a broader customer base. As the festive season approaches, we are confident in further solidifying our position in the EV industry. The government's progressive and forward-thinking Union Budget 2024-25, with the announcement to fully exempt customs duty on critical materials such as rare earth metals including lithium, can further incentivise electric mobility. Wardwizard Innovations remains dedicated to driving sustainable mobility solutions, fostering innovation, and contributing to a greener, more connected world.”
In the 1st quarter, Wardwizard Innovations & Mobility had secured a substantial order worth USD 1.29 billion from Beulah International Development Corporation. Beulah International, a prominent full-service business integration company and EPC firm in the Philippines, is backed by RP Connect. This strategic order will involve the delivery of electric two-wheelers and three-wheelers from Wardwizard's existing product portfolio. Additionally, the company will develop and supply four-wheelers for commercial vehicle applications in the Philippine market.
