Wardwizard Innovations register 2 times growth in profit to INR 4.27 Cr.
Wardwizard Innovations & Mobility, an electric mobility company, said on Friday that its standalone profit after tax (PAT) for the March 2024 quarter increased by more than two times to INR 4.27 crore. In a statement, the business stated that its standalone PAT for the March quarter of FY23 was INR 1.44 crore.
As opposed to INR 50.76 crore in the fourth quarter of the previous fiscal year, the total revenue for the period under review was INR 128.2 crore, the statement stated.
Its sales increased by 32.7% to INR 317.57 crore from INR 239.28 crore in FY23, the company reported.
"FY24 has been a year of strengthening our position in the market while driving innovations and celebrating new accomplishments," stated Yatin Sanjay Gupte, the company's chairman and managing director.
"We want to successfully work towards improving our portfolio, growing our footprint, and fortifying our research and development skills in FY25. We anticipate releasing more electric car models soon, and we're ready for even more innovation and expansion," he continued.