Joy E-bike posts flat scale in FY25; profit falls 53%

Joy E-bike, the electric two-wheeler brand under Wardwizard Innovations & Mobility, saw a modest revenue decline in the fiscal year ending March 2025. Moreover, profits for the Vadodara-based company fell by 53% in the same period.

Joy E-bike’s revenue from operations slipped 5% to Rs 305 crore in FY25 from Rs 321 crore in FY24, as per its financial statements sourced from the Registrar of Companies (RoC).

The company generates its revenue primarily from product sales and after-sales/service income. Revenue from product sales declined 21.4% to Rs…