Introduction:
EV stock witnessed a strong financial rebound, with total income rising to ₹8,641.24 crore in December 2024 from ₹5,832.20 crore in September 2024. Profitability improved significantly, reporting ₹382.44 crore profit, reversing a ₹621.59 crore loss in the previous quarter, showcasing operational efficiency.
Share Price movement of Wardwizard Innovations & Mobility:
On February 7, 2025, Wardwizard Innovations & Mobility Ltd opened at ₹33.30, the stock reached a high of ₹35.10 up 4% from its previous close of ₹33.24., and a low of ₹33.29. By 1:17 PM, it traded at ₹34.24, with a market cap of ₹892.62 crore.
Wardwizard Innovations & Mobility Q3 Results:
Wardwizard Innovations & Mobility saw a significant rise in total income, reaching ₹8,641.24 crore in December 2024, compared to ₹5,832.20 crore in September 2024. Revenue from operations surged to ₹8,627.38 crore from ₹5,818.30 crore, reflecting strong business growth and increased market demand.
Total expenses increased to ₹8,238.08 crore in December from ₹6,527.92 crore in September, driven by higher costs of materials, finance costs, and employee benefits. Finance costs rose to ₹660.47 crore from ₹379.40 crore, while depreciation expenses increased to ₹161.91 crore from ₹152.07 crore, impacting overall profitability.
The company reported a turnaround in profits, with ₹382.44 crore in December, compared to a loss of ₹621.59 crore in September. The profit before tax stood at ₹403.16 crore, reversing the previous quarter’s loss of ₹695.72 crore, indicating improved financial stability and operational efficiency.
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Recent news About Wardwizard Innovations & Mobility :
Wardwizard Innovations & Mobility Limited has recently announced several strategic initiatives to strengthen its position in the electric vehicle (EV) industry. On January 6, 2025, the company signed a Memorandum of Understanding (MoU) with C4V to enhance battery technology development, aiming to improve the performance and efficiency of its EV offerings.
Stock performance of Wardwizard Innovations & Mobility for Period of 1 week, 6 months and 1 year:
Wardwizard Innovations & Mobility’s stock showed a 4.17% gain over the past week, indicating short-term positive momentum. However, over six months, the stock declined by 40.0%, reflecting challenges in maintaining long-term stability. Over the past year, it dropped significantly by 54.7%, highlighting persistent downside pressure and investor caution.
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Shareholding pattern of Wardwizard Innovations & Mobility:
| Summary | Dec-24 | Sep-24 | Jun-24 |
| Promoter | 51.50% | 54.50% | 58.60% |
| FII | 0% | 0% | 0.00% |
| DII | 0.00% | 0.00% | 0.00% |
| Public | 48.50% | 45.50% | 41.40% |
About Wardwizard Innovations & Mobility:
Wardwizard Innovations & Mobility is a leading electric vehicle manufacturer in India, focusing on sustainable mobility solutions. The company specializes in electric two-wheelers, promoting eco-friendly transportation. With innovative technology and expanding market presence, it aims to revolutionize the EV sector for a greener future.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
