Wardwizard Innovations Reports Significant PAT Growth Amid Rising Interest Costs in Q4 2024

Feb 06 2025 10:21 PM IST
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Wardwizard Innovations & Mobility has reported its financial results for the quarter ending December 2024, showcasing significant growth in Profit After Tax and Profit Before Tax compared to previous quarters. However, the company is also experiencing increased interest costs due to higher borrowings, impacting its overall financial evaluation.
Wardwizard Innovations & Mobility, a microcap player in the automobile two and three-wheelers industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's evaluation, with the score adjusting to -8 from -24 over the past three months.

The financial data reveals several positive trends for Wardwizard Innovations. The Profit After Tax (PAT) for the quarter stands at Rs 3.82 crore, reflecting a significant growth of 183% compared to the average PAT of Rs 1.35 crore over the previous four quarters. Similarly, the Profit Before Tax (PBT) has reached Rs 3.89 crore, marking a growth of 53.5% over the average PBT of Rs 2.54 crore in the same timeframe. Additionally, the Operating Profit (PBDIT) has reached its highest level in the last five quarters at Rs 12.11 crore.

Conversely, the company is facing challenges with rising interest costs, which have increased to Rs 6.60 crore, representing a 74.14% growth quarter on quarter. This rise in interest expenses indicates a trend of increased borrowings.

For more insights on Wardwizard Innovations & Mobility's financial performance, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
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