Wardwizard Innovations & Mobility Limited , a leading electric vehicle (EV) manufacturer, has reported its financial results for the first quarter, showcasing strategic progress despite a modest start to the year.

Financial Performance

For Q1, Wardwizard reported revenue from operations of ₹32.27 crores, down from ₹51.41 crores in the same quarter last year. The company achieved an EBITDA margin of 23.44% and a net profit of ₹1.12 crores with a 3.03% margin.

Sales and Product Updates

During the quarter, Wardwizard sold 2,592 electric two-wheelers and 11 three-wheelers. The company received a significant order from SpeedforceEV for 2,500 units of its Wolf+ electric scooter model, strengthening its position in the fleet segment.

Strategic Partnerships and Expansion

Wardwizard has entered into several strategic partnerships to enhance its market presence and technological capabilities:

• XiCon International Partnership: A memorandum of understanding (MoU) was signed with XiCon International to lease 7,500 electric scooters over two years, focusing on last-mile delivery efficiency in major cities.

• Fleet Operations Model: The company deployed 100 electric vehicles in Hyderabad through its innovative fleet operations model, offering end-to-end support including maintenance, charging infrastructure, and insurance.

• Ampvolts Limited Collaboration: A partnership was formed with Ampvolts Limited to develop advanced EV charging infrastructure in India and abroad.

• C4V Partnership: Wardwizard entered a strategic MoU with C4V to strengthen battery technology development, focusing on high-performance lithium-ion battery cells.

International Expansion

Wardwizard has made progress in its international ventures, successfully dispatching customized electric three-wheelers to the Philippines for testing. These vehicles are tailored for public and commercial transport, including various models designed for urban commutes and sustainable logistics.

Management Commentary

Yatin Gupte, Chairman and Managing Director of Wardwizard Innovations & Mobility Limited, stated, "While Q1 marked a relatively modest start to the fiscal year, we have made strategic progress that strengthens our foundation for future growth. Our entry into the Fleet Segment is a significant milestone, marked by the 2,500-unit order from SpeedforceEV and a MoU with XiCon International to lease 7,500 electric scooters."

He added, "As the festive season approaches, starting with Ganesh Chaturthi, we are optimistic about improved consumer sentiment and rising demand. With a healthy pipeline, enhanced distribution, and strategic focus areas in place, we are well-positioned to deliver improved performance in the upcoming quarters."

Future Outlook

Wardwizard remains focused on driving innovation, operational efficiency, and deeper market penetration across both domestic and international markets. The company's strategic partnerships and expansion into fleet operations are expected to contribute to its growth trajectory in the coming quarters.

With the Indian government's push for increased EV adoption and the company's diverse product portfolio, Wardwizard is poised to capitalize on the growing demand for electric mobility solutions in India and beyond.

Wardwizard Innovations & Mobility , a company listed on the BSE (Scrip Code: 538970), has reported a significant share pledge by one of its promoters. Yatin Sanjay Gupte, a key promoter of the company, has pledged 50,00,000 equity shares, representing 1.92% of the total share capital, in favor of Yoginkumar Ashokbhai Patel on September 9, 2025.

Details of the Pledge

The pledge was created as collateral for financial assistance availed against securities. This transaction has resulted in an increase in Gupte's total encumbered shareholding, which now stands at 3,82,01,729 shares, or 14.65% of the company's share capital.

Promoter's Shareholding

Despite this pledge, Yatin Sanjay Gupte's overall promoter holding in Wardwizard Innovations & Mobility remains unchanged at 4,85,66,153 shares, representing 18.63% of the total share capital.

Regulatory Compliance

In compliance with SEBI regulations, specifically Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Gupte has duly informed the BSE Limited and the company's board of directors about this transaction.

Other Promoter Holdings

The LODR data also provides information on other promoter group holdings:

Implications

This pledge transaction highlights the ongoing financial activities within the promoter group of Wardwizard Innovations & Mobility. While it doesn't affect the overall promoter holding, it does increase the proportion of encumbered shares held by Yatin Sanjay Gupte, a key figure in the company's ownership structure.

Investors and market watchers may want to keep an eye on further developments related to promoter shareholdings and pledges, as these can sometimes indicate the financial strategies or needs of the company's major stakeholders.