Wardwizard Innovations & Mobility posts positive Q2 FY26 profitability

Wardwizard Innovations & Mobility Limited (BSE:WARDINMOBI) reported positive profitability in Q2 FY26, with EBITDA improving to ₹61.08 million from a loss in the previous year and PAT turning positive. The company attributed this to disciplined cost controls, improved operational efficiencies, and a focus on fleet-driven demand. Total income for Q2 FY26 stood at ₹34.49 million, with a net profit of ₹0.14 million.

Strategic initiatives include a partnership with Battery Smart to expand swappable battery solutions, aiming to reduce upfront costs for consumers by 20-30%. The company also secured a $1.29 bn electric vehicle order for the Philippines, with a first lot dispatch covering 4,500 units valued at approximately $30.6 million, slated for completion by June 2026. Furthermore, Wardwizard is establishing a joint venture in Saudi Arabia for an EV assembly plant and battery manufacturing facility.

Wardwizard is also enhancing its market presence with plans to increase its dealer network to 2,000 and district-level showrooms to 250, alongside strategic collaborations to deploy electric two-wheelers and strengthen battery technology development. As of H1 FY26, the company has rolled out over 1,25,000 EV units and boasts a distribution network across 19 states and union territories.