Mumbai, Electric mobility firm Wardwizard Innovation and Mobility on Frida reported more than two-fold rise in standalone profit after tax (PAT) to R 4.27 crore for the March 2024 quarter.
The company said in a statement that its standalone PAT in the March quarter of FY23 was recorded at Rs 1.44 crore.
I said, the total revenue during the quarter under review stood at Rs 128.2 crore, which was Rs 50.76 crore in the fourth quarter of the last financial year.
For the full financial year 2023-24, its PAT increased by 50 per cent to Rs 14.15 crore from Rs 9.44 crore in the financial year ending March 2023.
Also, its revenue increased by 32.7 percent to Rs 317.57 crore in FY23 from Rs 239.28 crore.
“FY24 has been a year of driving innovation and celebrating new achievements as well as strengthening our position in the market,” said Yatin Sanjay Gupte, its Chairman and Managing Director.
He said, “In FY 2025, we will work effectively to enhance our portfolio, expand our presence as well as strengthen our R&D capabilities. We expect to launch new models of electric vehicles who are ready for even greater innovation and growth.”
The company said in a statement that its standalone PAT in the March quarter of FY23 was recorded at Rs 1.44 crore.
I said, the total revenue during the quarter under review stood at Rs 128.2 crore, which was Rs 50.76 crore in the fourth quarter of the last financial year.
For the full financial year 2023-24, its PAT increased by 50 per cent to Rs 14.15 crore from Rs 9.44 crore in the financial year ending March 2023.
Also, its revenue increased by 32.7 percent to Rs 317.57 crore in FY23 from Rs 239.28 crore.
“FY24 has been a year of driving innovation and celebrating new achievements as well as strengthening our position in the market,” said Yatin Sanjay Gupte, its Chairman and Managing Director.
He said, “In FY 2025, we will work effectively to enhance our portfolio, expand our presence as well as strengthen our R&D capabilities. We expect to launch new models of electric vehicles who are ready for even greater innovation and growth.”
