The Board of Wardwizard Innovations & Mobility at its meeting held on 21 June 2024 has approved raising of funds through issuance of equity shares on rights basis for an amount not exceeding Rs 49 crore. Powered by Capital Market - Live News

Wardwizard Innovations & Mobility has secured a significant order worth USD 1.29 billion from Beulah International Development Corporation, one of the renowned full-service business integration companies and EPC firms in the Philippines backed by RP Connect. With this, WIML will deliver products from its existing portfolio, including the electric two-wheelers, threewheelers in commercial and Passenger Vehicles segment and develop four-wheelers for commercial vehicles for Philippines markets. This order is part of a strategic collaboration, formalized through a Memorandum of Understanding (MoU), to revolutionize the public. transportation system in the Philippines with electric vehicles.Powered by Capital Market - Live News

Wardwizard Innovations & Mobility will hold a meeting of the Board of Directors of the Company on 29 May 2024Powered by Capital Market - Live News

Net profit of Wardwizard Innovations & Mobility rose 326.88% to Rs 3.97 crore in the quarter ended March 2024 as against Rs 0.93 crore during the previous quarter ended March 2023. Sales rose 153.43% to Rs 128.11 crore in the quarter ended March 2024 as against Rs 50.55 crore during the previous quarter ended March 2023.For the full year,net profit rose 51.86% to Rs 13.44 crore in the year ended March 2024 as against Rs 8.85 crore during the previous year ended March 2023. Sales rose 34.52% to Rs 321.42 crore in the year ended March 2024 as against Rs 238.93 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales128.1150.55 153 321.42238.93 35 OPM %7.758.55 -9.837.79 - PBDT8.214.43 85 26.5918.21 46 PBT6.462.63 146 19.9213.26 50 NP3.970.93 327 13.448.85 52 Powered by Capital Market - Live News

Wardwizard Innovations & Mobility announced the appointment of Akhtar Khatri as Director - Sales & Strategy (Domestic & International Sales). As the Director - Sales & Strategy (Domestic & International Sales), Khatri will be handling the Sales & Strategy for 2W/3W/4W business and exploring the International Market. He will be developing strategic plans for increasing sales to align with business goals. He will also take care of Institutional Sales and Corporate Business.Powered by Capital Market - Live News