Half Yearly Financial Results Wardwizard Innovations
- HIGHEST ever revenue at Rs. 45.05 crore in Half Year FY’22 vs Rs.10.42 crore in Half Year FY’21.
- HIGHEST ever EBITDA at Rs. 3.89 crore in Half Year FY’22 vs Rs. 64.12 lakh in Half Year FY’21.
- HIGHEST ever PAT at Rs. 2.33 crore in Half Year FY’22 vs 43.93 lakh in Half Year FY’21.
- More than 7k units of electric scooters and motorcycles sold in Half Year FY’22 vs 1677 units in Half Year FY’21
Quarterly Financial Results
- HIGHEST ever revenue at Rs. 33.51 crore in Q2FY’22 vs Rs.6.90 crore in Q2 FY’21.
- HIGHEST ever EBITDA at Rs. 2.80 crore in Q2FY’22 vs Rs. 40.37 lakh in Q2 FY’21.
- HIGHEST ever PAT at Rs. 1.61 crore in Q2FY’22 vs 27.98 lakh in Q2 FY’21.
- More than 5k units of electric scooters and motorcycles sold in Q2FY’22 vs 664 units in Q2 FY’21
Vadodara, October 27, 2021: Wardwizard Innovations and Mobility Ltd (BSE Code: 538970), one of the leading manufacturers of electric two-wheeler ‘Joy E-bike’, announced its financial results for the second quarter (July- September 2021) of FY’22.
Important Announcement – EasyShiksha has now started Online Internship Program “Ab India Sikhega Ghar Se”
Clocking the highest ever numbers in this quarter, the company clocked a revenue of more than Rs. 33.51 crore in Q2 FY’22 compared to Rs.6.90 crore in Q2 FY’21, observing a growth of more than 386%. The half-yearly revenue of this financial year stands at Rs. 45.04 crore (vs Rs.10.41 crore in FY’21), achieving a growth of 332%.
Riding on the sales of more than 5k electric two-wheelers, the company reported Profit Before Tax (PBT)of Rs.2.35 crore & Profit After Tax (PAT) 1.61 crore in Q2 FY’22 (vs Rs. 28 lakh Profit Before Tax (PBT) & Profit After Tax (PAT) in Q2 FY’21), a growth of 739% & 475% over the same period the previous year.
Top Courses in Software Engineering
Observing an uptick in demand for electric two-wheelers across the country majorly driven by low-speed models, the company has achieved a sales mark of 5,482 units in this quarter, registering a growth of more than 726% compared to the Q2 of FY 2020-21, where the sales stood at 664 units.
Commenting on the performance of Q2 FY’22, Ms. Sneha Shouche, Chief Financial Officer- Wardwizard Innovations & Mobility Ltd said “In comparison to annual figures of FY21, Wardwizard has already achieved the previous year’s figures in half the time in FY22. As people’s inclination towards electric two-wheelers as a preferred mode of mobility is increasing, we are observing high traction across all our touchpoints. With multiple factors like high fuel prices and more push from the various authorities, electric vehicles are becoming the first choice of users in many states. We are further observing high booking and inquiries during the festival season and we are confident of achieving further growth in the remaining quarters of this financial year. Also, with the opening of our new experience centers and the expansion of our annual production capacity, the company is looking to serve more customers in both urban and semi-urban locations.”
| Key Highlights of Q2 FY’22 | |
| New Automatic Assembly Line | Announced expansion of annual production capacity from one lakh units to two lakh units in a single shift with the new automatic assembly line at Vadodara manufacturing plant from October 2021. |
| Network Expansion | Announced to expand its touchpoints from 400 at present to 750 by the end of this financial year. Entered Assam market with two exclusive dealerships in GuwahatiInaugurated 20 new dealerships in Gujarat |
| Sales Milestone | Records highest ever sales of 2,500 units in September 2021 |
| Connected Mobility | Launched ‘JOY E-CONNECT’, a cloud-based mobile application for the customers with the new era of technology to enhance their overall riding experience. |
About Wardwizard Innovations & Mobility Limited:
Wardwizard Innovations & Mobility Ltd is one of the leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike. It also addressed the home appliance market via its brand Vyom Innovation. Being the 1st listed entity on BSE in Electric Vehicle manufacturing it’s mainly focused on the growth potential in India’s EV segment to provide clean and greener alternatives to the existing usage of mobility which is aligned with its philosophy of driving a positive change. Through Joy E-Bikes, the company has been providing a greener alternative to traditional fuel-driven bikes. are also aimed towards a greener ecosystem. Its footprints are spread across in excess of 25 major cities across India and aspire to grow this number by length and breadth.
Empower your team. Lead the industry
Get a subscription to a library of online courses and digital learning tools for your organization with EasyShiksha
Request NowQ. Are EasyShiksha's internships truly free?
Yes, all internships offered by EasyShiksha are completely free of charge.
Q. How can I apply for an internship with EasyShiksha?
You can apply by visiting our website, browsing available internships, and following the application instructions provided.
Q. What types of internships are available through EasyShiksha?
EasyShiksha offers a wide range of internships across technology, business, marketing, healthcare, and more. Opportunities are continuously updated.
Q. Will I receive a certificate upon completing an internship?
Yes, upon successful completion, you will receive a certificate recognizing your participation and achievements.
Q. Are EasyShiksha's internship certificates recognized by universities and employers?
Yes, the certificates are recognized by universities, colleges, and employers worldwide.
Q. Is the download of certificates free or paid?
Access to internships and courses is free, but there is a small fee to download certificates, covering administrative costs.
Q. When can I start the course?
You can choose any course and start immediately without delay.
Q. What are the course and session timings?
These are fully online courses. You can learn at any time and pace. We recommend following a routine, but it depends on your schedule.
Q. What will happen when my course is over?
After completion, you will have lifetime access to the course for future reference.
Q. Can I download the notes and study material?
Yes, you can access and download course materials and have lifetime access for future reference.
Q. What software/tools would be needed for the course?
All necessary software/tools will be shared during the training as needed.
Q. I’m unable to make a payment. What should I do?
Try using a different card or account. If the problem persists, email us at info@easyshiksha.com.
Q. Do I get the certificate in hard copy?
No, only a soft copy is provided, which can be downloaded and printed if required.
Q. The payment got deducted but shows “failed”. What to do?
Technical errors may cause this. The deducted amount will be returned to your account in 7-10 working days.
Q. Payment was successful but dashboard shows ‘Buy Now’?
Sometimes payment reflection is delayed. If it takes longer than 30 minutes, email info@easyshiksha.com with the payment screenshot.
Q. What is the refund policy?
If you face technical issues, you can request a refund. No refunds are issued once the certificate has been generated.
Q. Can I enroll in a single course?
Yes, select the course of interest, fill in the details, make payment, and start learning. You will also earn a certificate.
Q. My questions are not listed above. I need further help.
Contact us at info@easyshiksha.com for further assistance.
Contact Details
| For Investor Query Ms. Sneha ShoucheED & CFOWardWizard Innovations & Mobility LtdEmail: Cfo@wardwizard.in | For Investor Query Sherwin FernandesAnalystKFin Technologies Private LtdEmail: Sherwin.fernandes@kfintech.comPhone: +91-9833456546 | For Further Information Mr. Amit Jha: (+91) 85888 02820; Email Id – wardwizard@adfactorspr.com |
Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. WardWizard Innovations & Mobility Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
For more related content visit Easyshiksha and Hawkscode
ALSO READ: sp-jain-school-of-global-management-partners-with-illinois-institute
Get Course: Adobe-Photoshop-Your-Complete-Beginner-to-Advanced-Class
