The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad BusinessGujarat

Wardwizard Innovations & Mobility Ltd sells more than 7000 electric two-wheelers in Half Year FY’22

by TLA October 28, 2021October 28, 2021
written by TLA October 28, 2021October 28, 2021
Wardwizard Innovations & Mobility Ltd sells more than 7000 electric two-wheelers in Half Year FY’22

Records Highest Ever Revenue growth of 332% in the Half Year FY’22

Half Yearly Financial Results

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

Quartly 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 28, 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.

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 previous year.

Observing an uprick 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 touch points. 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 centres 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 Guwahati
Inaugurated 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 company 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 growing potential in the 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 growth this number by length and breath.

Contact Details

For Investor Query
Ms. Sneha Shouche
ED & CFO
WardWizard Innovations & Mobility Ltd
Email: Cfo@wardwizard.in

For Investor Query
Sherwin Fernandes
Analyst
KFin Technologies Private Ltd
Email: Sherwin.fernandes@kfintech.com
Phone: +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.

Ahmedabad cityAhmedabad newselectric two-wheelersGujaratGujarat newsWardwizard InnovationsWardwizard Innovations & Mobility Ltd
0 comment
previous post
Cruise Ship Drug Case-Bombay High Court grants bail to Aryan Khan and two other 
next post
MHA extends COVID-19 guidelines in country till Nov 31

You may also like

Heavy Rain Floods Ahmedabad; Red Alert Issued, 50...

May 9, 2025

Heavy Rain Expected in Surat, Navsari, Valsad and...

May 9, 2025

Blackout timing finalised for Eastern, Western, and Central...

May 7, 2025

14 killed as rain, thunderstorm hit Gujarat; Congress...

May 7, 2025

Gujarat Launches 24/7 Toll-free Helpline for Clean Drinking...

May 3, 2025

PURE Opens New Showroom in Bhuj to Boost...

May 3, 2025

Somnath Temple to Get Major Makeover Worth Rs...

May 3, 2025

Rain Expected in Gujarat Over Next 5 Days,...

May 2, 2025

Gujarat Day: Chefs highlight lesser-known Gujarati dishes you...

May 1, 2025

CM heartfelt Greetings on Gujarat’s 65th Foundation Day

May 1, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Pakistan targets 20 Indian cities in fresh drone attack, air defence in action

    May 9, 2025
  • Trump Urges “Quick De-Escalation” Of India-Pak Conflict: White House

    May 9, 2025
  • Blackout Imposed In Villages Bordering Santalpur Taluka In Gujarat’s Patan

    May 9, 2025
  • Pakistani Drone Hits Residential Area in Punjab; 3 Injured

    May 9, 2025
  • “Intermittent Sounds Of Blasts Can Be Heard”: Omar Abdullah Issues Urgent Appeal Amid Escalating Tensions

    May 9, 2025
October 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031 
« Sep Nov »
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.