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Jupiter Wagons Results: Latest Quarterly Results & Analysis

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Jupiter Wagons Ltd. 11 Nov 2025 16:06 PM
Result PDF

Q2FY26 Quarterly Result Announced for Jupiter Wagons Ltd.

Commercial Vehicles company Jupiter Wagons announced Q2FY26 results

  • Total Income: Rs 796.1 crore against Rs 1,018.8 crore during Q2FY25, change -21.8%.
  • EBITDA: Rs 103.6 crore against Rs 139.4 crore during Q2FY25, change -25.7%.
  • EBITDA Margin: 13.2% for Q2FY26.
  • PAT: Rs 45.3 crore against Rs 89.4 crore during Q2FY25, change -49.2%.
  • PAT Margin: 5.8% for Q2FY26.

Vivek Lohia, Managing Director of Jupiter Wagons, said: “Having navigated supply challenges in Q1 and July, we’re pleased to report that wheelset deliveries are now back on track, paving the way for smoother operations ahead. Restoring production momentum, we have reported Consolidated Revenues of Rs 786 crore in Q2FY26, an increase of 71% on a QoQ basis. As a result, Consolidated EBITDA in Q2 has increased to Rs 104 crore, higher by 73% on a QoQ basis. Even as we strive to restore the pace of revenue and EBITDA from our wagon business to the predisruption level, other business verticals continue to scale up performance.

Jupiter Electric Mobility (JEM) is at the forefront of the clean energy transition. This quarter, we introduced 10 ft and 20 ft containerised Battery Energy Storage Systems (BESS) with modular air-cooled architecture and capacities ranging from 241 kWh to 3 MWh, catering to diverse applications from diesel generator replacement to solar energy storage. We proudly delivered our first 10 ft BESS unit to Greenlit in partnership with GMMCO and further added multiple orders for 10 ft and 20 ft systems, which would lead to multifold increase in volume. We are also preparing to export our first 20 ft unit and our upcoming liquid-cooled grid-scale BESS will further strengthen our position in the fast-growing energy storage market.

Building on the successful launch of JEM’s first showroom in Bengaluru in June 2025, 6 more Dealerships - Hyderabad, Delhi ,Ghaziabad, Pune, Ahmedabad and Trivandrum. The showroom features the JEM TEZ, a 1.05-ton electric light commercial vehicle built specifically for urban logistics and last-mile delivery, offering a certified range of over 300 kilometers. This initiative underlines our commitment to purpose-built, sustainable mobility solutions and our goal of building a strong, accessible network across key logistics hubs in India.

At the Jupiter Tatravagonka Railwheel Factory, we achieved several milestones that reinforce our leadership in India’s rail manufacturing ecosystem. We received an Rs 113 crore order from the Ministry of Railways for 9,000 LHB Axles, and a Letter of Intent worth Rs 215 crore for 5,376 wheelsets for the Vande Bharat high-speed train project. Meanwhile, we are progressing rapidly with our state-of-the-art forged axle and wheel facility in Odisha with proposed Rs 2,500 crore investment. Once operational, it will produce 100,000 wheelsets annually by 2027, a major step toward self-reliance and advancing the ‘Make in India’ vision.

As we look ahead, our focus remains clear — disciplined growth, continued innovation and emphasis on execution. With a robust order book, expanding manufacturing capabilities, and a future-ready team, Jupiter Wagons is building not just strong businesses, but a stronger, more sustainable future.”

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Commercial Vehicles company Jupiter Wagons announced Q4FY25 & FY25 results

Consolidated Q4FY25 Financial Highlights:

  • Total Income stood at Rs 1,057 crore, reflecting a decrease of 6.2% compared to Rs 1,127 crore in Q4FY24.
  • EBITDA was Rs 153 crore, showing a growth of 4.1% from Rs 147 crore in Q4FY24.
  • EBITDA Margin improved to 14.6%, marking an increase of 115 bps from 13.2% in Q4FY24.
  • PAT (Profit After Tax) stood at Rs 103 crore, reflecting a decline of 1.9% compared to Rs 105 crore in Q4FY24.
  • PAT Margin increased to 9.7%, representing a rise of 40 bps from 9.3% in Q4FY24.

Consolidated FY25 Financial Highlights:

  • Total Income for FY25 stood at Rs 4,008 crore, up 9.3% YoY.
  • EBITDA for FY25 at Rs 578 crore, up 18% YoY.
  • EBITDA Margin improved to 14.6% in FY25 from 13.4% in FY24. JWL continues to deliver industry-leading margins.
  • PAT for FY25 stood at Rs 380 crore, higher by 14.9% YoY, with a PAT Margin of 9.5%.
  • EPS for FY25 is Rs 9.1 per share of a face value of Rs 10 each.

Standalone Q4FY25 Financial Highlights:

  • Total Income was Rs 1,011 crore, reflecting a decline of 6.6% compared to Rs 1,121 crore in Q4FY24.
  • EBITDA stood at Rs 145 crore, marking a slight decrease of 2% from Rs 148 crore in Q4FY24.
  • EBITDA Margin improved to 14.4%, representing an increase of 70 bps from 13.3% in Q4FY24.
  • PAT (Profit After Tax) was Rs 97 crore, showing a decline of 7% compared to Rs 104.2 crore in Q4FY24.
  • PAT Margin increased to 9.6%, reflecting a growth of 50 bps from 9.3% in Q4FY24.

Standalone FY25 Financial Highlights:

  • Total Income for FY25 stood at Rs 3,905 crore, up 6.6% YoY.
  • EBITDA for FY25 at Rs 548 crore, up 11.6% YoY.
  • EBITDA Margin improved to 14.2% in FY25 from 13.5% in FY24. JWL continues to deliver industry-leading margins.
  • PAT for FY25 stood at Rs 373 crore, higher by 12.1% YoY, with a PAT Margin of 9.6%.
  • EPS for FY25 is Rs 8.9 per share of a face value of Rs 10 each.

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said “FY 2024–25 has been a defining year for Jupiter Wagons, not only in terms of strong financial performance—with Income of over Rs 4,000 crore and PAT of Rs 380 crore rising by 15% YoY but also through strategic milestones that are shaping the future of Indian mobility. Our strong and consistent financial performance over the last three years reflects the robustness of our operating model and our commitment to delivering consistent value to stakeholders.

Business momentum from the Railway sector remains strong, with a substantial order for wheelsets from Braithwaite and a landmark Rs 600 crore order from Ambuja Cement and ACC reaffirming our leadership in freight solutions. We have secured brake business contracts valued at over Rs 215 crore—including Rs 150 crore for passenger brake systems and Rs 65 crore for brake discs.

On the electric mobility front, the inauguration of our Pithampur facility marks a defining moment for Jupiter Electric Mobility and India’s sustainable transportation future. This advanced facility is equipped with cutting-edge technology aimed at setting new benchmarks in the EV industry. We’ve also commenced battery production and supply to Indian Railways as well as private players, received orders for complete Battery Energy Storage System (BESS). Backed by an integrated ecosystem focused on reliability, efficiency, and sustainability, this facility stands as a strong testament to our commitment to innovation, community empowerment, and a cleaner, greener tomorrow.

Post acquisition of the wheelsets business last year, we have successfully turnaround with doubling of the revenue and healthy bottom line. We have also received orders valued at approx. Rs 255 crore from Braithwaite for the supply of railway wheelsets, further validating our efforts. Further marking a significant step toward Atmanirbhar and enabling self-reliance in the manufacturing and supply of wheelsets, we have obtained land allotment and have completed financial tie up for the Forged Wheel & Axle Plant at Odisha. The facility is also poised to serve as an export hub for global markets.

As we enter FY26, backed by a robust order book and growing traction across all business lines, we are confident in our ability to lead India’s next phase of growth in rail and mobility solutions. Supported by continued government focus on infrastructure and our strategic direction, Jupiter Wagons is poised to create enduring value for stakeholders.”

Result PDF

Commercial Vehicles company Jupiter Wagons announced Q3FY25 results

  • Revenue from operations for Q3FY25 stood at Rs 1,029.8 crore, up 15% YoY.
  • EBITDA for Q3FY25 at Rs 148.7 crore higher by 19.5% YoY.
  • EBITDA Margin stood at 14.4% in Q3FY25 from 13.9% in Q3 FY24.
  • PAT for Q3FY25 stood at Rs 96.4 crore, higher by 18.4% YoY with a PAT Margin of 9.2%
  • EPS for the quarter is Rs 2.29 per share of a face value of Rs 10 each.

Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, “We are deeply grateful for the trust and confidence our investors have placed in us, which has enabled us to sustain our operational and financial momentum this quarter. We completed Q3 with Revenues of Rs 1,030 crore, higher by 15% on a yoy basis. EBITDA was Rs 149 crore, an increase of 19.5% yoy with an EBITDA margin of 14.4% this quarter. Profit After Tax also saw a significant increase of 18.4% YoY, reaching Rs 96.4 crore, demonstrating the effectiveness of our strategies. As of 31st December 2024, our order book stood at Rs 6,320 crore, reflecting strong demand across our product verticals and highlighting the confidence of our customers.

This quarter also marked significant strides in our electric mobility and sustainability efforts. Jupiter Electric Mobility (JEM) is set to commence supplies of its electric LCVs and is in process of identifying and onboarding strategic partners, driving forward its mission to revolutionize sustainable transportation across India. During the quarter, we have increased our stake in JEM from 60% to 75%. Also, in October, JEM acquired Log9’s technology and business assets for Railway Battery and Electric Truck Battery Divisions, which will enable in-house battery production for our electric light commercial vehicles, reinforcing our commitment to sustainable innovation. The expansion of our foundry capacity is nearing completion, and this will enable us to grow volumes further in our wagon business even as we are set to scale our businesses of safety systems, track components, eLCVs, wheelsets as well as brake systems for passenger and freight rolling stocks.

The outlook remains bright as there are expectations that the 2025-26 Budget, could witness an substantial increase in allocation towards Railways, which will ensure that key commitments towards modernizing Railways will make progress and more importantly, the augmentation of capacity and development of infrastructure, which is the need of the hour, will continue unabated resulting in sustained demand for wagon and non-wagon railway products.”

Result PDF

Commercial Vehicles company Jupiter Wagons announced H1FY25 & Q2FY25 results

Q2FY25 Consolidated Highlights:

  • Revenue from operations for Q2FY25 stood at Rs 1,00,904 lakh, up 14.8% (YoY).
  • EBITDA for Q2FY25 at Rs 13,945 lakh higher by 15.5% (YoY) with EBITDA margin of 13.8%.
  • PAT for Q2FY25 stood at Rs 8,936 lakh, higher by 8.9% (YoY) with PAT Margin being 8.8%.
  • EPS for the quarter is Rs 2.12 per share of a face value of Rs 10 each.

H1FY25 Consolidated Highlights:

  • Revenue from operations for H1FY25 stood at Rs 1,88,890 lakh, up 15.7% (YoY).
  • EBITDA for H1FY25 at Rs 27,613 lakh, up 27% (YoY).
  • EBITDA Margin improved to 14.6% in H1 FY25 from 13.3% in H1FY24.
  • PAT for H1FY25 stood at Rs 18,125 lakh, higher by 25.1% (YoY), PAT Margin improved to 9.5%.
  • EPS for H1FY25 is Rs 4.35 per share of a face value of Rs 10 each

Other Highlights:

  • Order book as of 30th September 2024 stands at Rs 6,64,366 lakh.
  • Jupiter Electric Mobility has acquired Log9's railway and electric truck battery assets, enhancing its position in electric truck and railway battery solutions.
  • Jupiter Wagons Limited has strategically rebranded its subsidiary Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited. The production capacity will be expanded from the current 20,000 forged wheels and axles per year to 1,00,000 forged wheelsets by setting up of a new facility in Odisha entailing an investment of approximately Rs. 2,50,000 lakh.
  • On September 18, 2024, the Board of Directors declared an interim dividend of 10%, or Rs1.00 per fully paid equity share of Rs10 each.
  • On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 80,000 lakh. The capital raised will be primarily used to establish a full wheel and axle manufacturing plant, enhancing our pipeline integration and supporting long-term growth.

Vivek Lohia, Managing Director of Jupiter Wagons, said: “This quarter, we made a strategic decision to strengthen our foothold in the electric truck and railway battery sectors through the acquisition of Log9’s battery assets by our wholly owned subsidiary Jupiter Electric Mobility (JEM). Additionally, our offerings of BESS containers, crucial for solar and data centre energy storage. continue to garner rising interest thereby opening more opportunities in both domestic and international markets. Lastly, we have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs. 2,50,000 lakh in a new facility on Odisha.

Even as we are poised to steadily growth our wagon business through capacity enhancement of our foundry, our businesses of safety systems, track components, eLCVs, wheelsets as well as high-speed brake systems for passenger and freight are poised to grow strongly ensuring that non-wagon businesses will significantly contribute to our revenue in the coming years, highlighting our strategic shift.

We are excited to see our strategies take shape even as we continue to focus on value creation for stakeholders, as our Board approved an increased interim dividend in October 2024. At Jupiter, we are not just building the future of transportation—we’re leading it with a strong commitment to innovation and sustainability in order to transform the mobility landscape”.

Result PDF

Commercial Vehicles company Jupiter Wagons announced Q1FY25 results:

  • Total income for Q1FY25 stood at Rs 90,219 lakh, higher by 19.4% YoY.
  • EBITDA for Q1FY25 at Rs 12,886 lakh, up 32.4% YoY. Continue to deliver industry-leading margin as EBITDA Margin improves to 14.4% and achieved consolidated EBITDA margin of 15.5% in Q1FY25.
  • PAT for Q1FY25 stood at Rs 8,923 lakh, higher by 40.3% (YoY) with PAT Margin improving to 9.9%
  • Our Wheelset manufacturing subsidiary reported a 5-fold increase (YoY) in revenue and turned profitable with PAT of Rs 702 lakh in Q1FY25
  • Order book as of 30th June 2024 stands at Rs 7,02,834 lakh.
  • PAT for Q1FY25 stood at Rs 8,923 lakh, up 40.3% (YoY), PAT Margin of 9.9%
  • EPS for the quarter is Rs 2.16 per share of a face value of Rs 10 each.

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, "We are excited to report outstanding results for Q1FY25. The company achieved a total income of Rs 90,219 lakh, a 19% increase YoY. EBITDA soared to Rs 12,886 lakh, up 32%, with the EBITDA margin improving to 14.4%, from 12.9% in Q1FY24. PAT reached Rs 8,923 lakh, a 40% rise, and the PAT margin increased to 9.9%. Despite challenges from the general election and peak summer, we maintained a strong consolidated EBITDA margin of 15.5%.

Our wagon business remains crucial, contributing ~ 80% of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, Brake discs, Brake systems, and Containers. Our recent acquisition of Bonatrans has been highly successful, with revenue increasing five-fold to Rs 7,436 lakh, EBITDA rising to Rs 930 lakh, the margin of 12.5%, and PAT reaching Rs 702 lakh turned positive YoY in Q1FY25. 

Additionally, Jupiter Wagons Limited raised Rs 80,000 lakh through a Qualified Institutional Placement (QIP), with a remarkable demand of approximately Rs 2,80,000 lakh, featuring prominent investors "

Result PDF

Commercial Vehicles company Jupiter Wagons announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income for Q4FY24 stood at Rs 1,12,134 lakh, up 57% (YoY)
  • EBITDA for Q4FY24 at Rs 14,772 lakh, up 59% (YoY)
  • Continue to deliver industry-leading margin as EBITDA Margin improves to 13.3% in Q4FY24 from 13.1% in Q4FY23
  • PAT for Q4FY24 stood at Rs 10,422 lakh, higher by 156% (YoY) with PAT Margin improving to 9.3%.
  • EPS for the quarter is Rs 2.54 per share of a face value of Rs 10 each.

FY24 Financial Highlights:

  • Total Income for FY24 stood at Rs 3,66,224 lakh, up 77% (YoY)
  • EBITDA for FY24 at Rs 49,103 lakh, up 93% (YoY)
  • Continue to deliver industry-leading margin as EBITDA Margin improved to 13.5% in FY24 from 12.3% in FY23
  • PAT for FY24 stood at Rs 33,279 lakh, higher by 165% (YoY), and PAT Margin improved to 9.1%.
  • EPS for FY24 is Rs 8.27 per share of a face value of Rs 10 each.
  • The Board of Directors recommends a final dividend of Rs 0.30 per share of FV of Rs 10 each. The Company has paid an Interim Dividend of 3% at Rs 0.30 per equity share of Rs 10/- each, fully paid up for the Financial Year 2023-24 in March 2024

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, “We are delighted to announce continued strong growth in Q4FY24, with Total Income of Rs 1,12,134 lakh, growing 57% YoY. EBITDA soared to Rs 14,772 lakh, exhibiting substantial growth of 59% YoY accompanied by an industry-leading EBITDA margin of 13.3% in Q4FY24 which underscores our focused execution strategy. Notably, Profit after tax surged by 156% YoY, reaching Rs 10,422 lakh.

We achieved the milestone of surpassing Rs 1,10,000 lakh of revenue in a quarter for the first time ever. This exceptional performance in the fourth quarter culminates in a remarkable financial year for Jupiter Wagons Limited, characterized by record-breaking revenues of Rs 3,66,224 lakh and profit after tax of Rs 33,279 lakh in FY24. In light of our robust performance, the Board of Directors has recommended a final dividend of Rs 0.30 per share, resulting in an enhanced full-year dividend payout to our esteemed shareholders.

The acquisition of Bonatrans India Pvt. Ltd. during the quarter marks a significant stride in fortifying our business model, empowering us with in-house wheelset manufacturing capabilities, and driving further integration of our production process, apart from opening of substantial export opportunities in collaboration with strategic partners. Progress on the postacquisition integration of Stone India is on schedule.

New contract wins this quarter from the Ministry of Defense, a prominent automobile manufacturer, and the Ministry of Railways for manufacturing and supplying various types of wagons coupled with the existing order backlog provide strong visibility. Jupiter remains an industry leader in private wagon suppliers. The outlook for FY25 is further enhanced by the impending launch of our e-LCVs and the plan to scale up the brake systems and braking businesses.”

Result PDF

Commercial Vehicles company Jupiter Wagons announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Total Income for Q3FY24 stood at Rs 90,081 lakh, indicating a growth of 39.4% (YoY).
    • EBITDA for Q3FY24 at Rs 12,480 lakh, reflecting an increase of 54.7% (YoY).
    • Continues to deliver industry-leading margin — EBITDA Margin improves to 13.9% in Q3FY24 from 12.5% in Q3FY23.
    • PAT for Q3FY24 stood at Rs 8,340 lakh, up 79.8% (YoY), with a PAT Margin of 9.3%.
    • EPS for the quarter is Rs 2.07 per share with a face value of Rs 10 each.
  • 9MFY24:
    • Total income for 9MFY24 stood at Rs 2,54,090 lakh, reflecting an increase of 86.7% (YoY).
    • EBITDA for 9MFY24 at Rs 34,331 lakh, marking a growth of 113.4% (YoY).
    • Continues to deliver industry-leading margin — EBITDA Margin improves to 13.6% in 9MFY24 from 11.9% in 9MFY23.
    • PAT for 9MFY24 stood at Rs 22,858 lakh, up 170.2% (YoY), with a PAT Margin of 9.0%.
    • EPS for 9MFY24 is Rs 5.73 per share with a face value of Rs 10 each.

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, ‘We take immense satisfaction in sustaining our robust operational and financial momentum. Total Income surged to ~Rs 90,081 Lakh, an increase of 39.4% YoY. EBITDA was Rs 12,480 lakhs, witnessing substantial growth of 54.7% YoY. Our ongoing efforts to enhance the margin profile are reflected in the industry-leading EBITDA margin of 13.9% in Q3FY24, a meaningful improvement from 12.5% reported in the same quarter last year. Notably, Profit after tax recorded an increase of 79.8% YoY, reaching Rs 8,340 lakhs. Surpassing the milestone of Rs 90,000 lakh in quarterly income was particularly noteworthy, considering around 10 days of production loss due to Puja and other festivities during the period.

The recent acquisition of a substantial order for 4,000 BOXNS wagons from Indian Railways solidifies our standing as a premier player in the Indian wagon manufacturing industry. Additionally, contracts from the Defense Ministry for Boggie Open Military (BOM) Wagons and from private customers for Double Decker Automobile Carriers underscore our commitment to introducing cutting-edge technology into India's mobility landscape, aligning with the principles of Atmanirbhar Bharat. In our braking systems division, we've successfully secured an order for axle-mounted disc brake systems amounting to ~Rs 11,200 lakh. The Order Backlog has experienced significant accretion, reaching Rs 7,07,361 lakh, further enhancing visibility.

The successful Qualified Institutional Placement (QIP) in December 2023, raising ~Rs 40,300 lakh, provides the necessary fuel for our ambitious growth plans including initiatives like setting up another foundry, working capital requirements, and backward integration through inorganic growth. These strategic ventures unfold amidst increased activity in braking systems and brake discs, coinciding with the imminent launch of our E-LCVs. The capital infusion is poised to fortify our balance sheet, and the enhanced return ratios underscore our disciplined approach to capital allocation. This is further evidenced by the recent credit rating of long-term and short-term loans to "AA (-)” & “A1 ( )” with a stable outlook validating our commitment to financial prudence and stability."

 

Result PDF

Commercial Vehicles company Jupiter Wagons announced Q1FY24 results:

  • Revenue for Q1FY24 stood at Rs 75,319 lakh, up 155% YoY
  • EBITDA for Q1FY24 at Rs 9,956 lakh, up 217% YoY, EBITDA margin improves to 13.2% from 10.6%
  • Continued to deliver an industry-leading margin of 13.2%
  • PAT for Q1FY24 stood at Rs 6,360 lakh, up 374% YoY, PAT margin 8.4%
  • EPS for Q1FY24 is Rs 1.62 per share of Rs 10 each

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, “We are delighted to commence FY24 on a strong note, with several exciting developments in the first quarter. The company's business momentum remained robust, as we reported revenues of Rs 75,319 lakh, growing 155% on a YoY basis.

EBITDA was Rs 9,956 lakh, reflecting 217% growth YoY. Due to an improved product mix and the introduction of value-added products, we reported an EBITDA margin of 13.2%, representing an expansion of 260 bps YoY and further embellishing our industry-leading margins. Additionally, profit after tax was Rs 6,360 lakh, higher by 374% YoY.

Looking beyond the strong financial performance during the quarter, we are delighted to share that our bid for Stone India has received NCLT approval. We see several synergies from the addition of this entity to our group and will endeavor to rapidly restore the operational momentum.

We have stepped into the global markets for freight wagons through our long-term MoU with RITES Ltd. following which we participated in global tenders in Zimbabwe and Mozambique. We have received our first order for Weldable CMS crossings and are set to roll out production shortly. We have commenced delivery of Brake Disc assemblies this quarter and foresee strong traction for these products going forward.

The container business is witnessing high interest in specialized products, and we are engaging with marquee international customers and are poised to further elevate the business performance. Progress has also been made on upcoming business lines of braking systems and eLCVs. The overall outlook remains favorable, and the company's primary focus is on creating enduring value for all stakeholders.”

 

Result PDF

Commercial vehicles company Jupiter Wagons announced Q3FY23 results:

Q3FY23 & 9MFY23:

  • Revenues higher by 116% at Rs 64,443 lakh, PAT increases 407% to Rs 4,638 lakh
  • EBITDA for Q3FY23 at Rs 8,261 lakh, up 239% (YoY), EBITDA Margin improves to 12.8% from 8.1%
  • PAT for Q3FY23 at Rs 4,638 lakh, up 407% (YoY), PAT Margin 7.2%
  • EPS for the quarter is Rs 1.19 per share Rs 10 each.
  • Launches 2 Models of Electric e-LCVs at The Auto Expo - The Motor Show 2023
  • Order Book of Rs 5,70,283 lakh as on Dec 31, 2022.

Commenting on the results, Mr. Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, “We are pleased to report revenues of Rs 64,443 Lakh in Q3FY23, higher by 116% on a YoY basis. Growth momentum remains strong in established businesses as we are steadily ramping up monthly wagon production and witnessing improving traction in our business line of truck bodies. We are focused on scaling up newer business lines of high-speed braking and container manufacturing. EBITDA was higher by 239% to Rs 8,261 Lakh while the EBITDA margin expanded by 470 bps to 12.8%.

The launch of our Electric LCV at the Auto Expo in New Delhi was met with a very favourable response, expected to commercially launch by Q324 and we are in discussion with several potential partners to strengthen our market reach. We are making steady progress towards further enhancing the breadth and diversity of our portfolio that encompasses comprehensive mobility solutions.”

He added, “We continue to enjoy high visibility of growth on the back of a robust order backlog. The outlook is favourable in view of the ambitious targets by the Indian Railways.”

 

Result PDF

Commercial vehicle firm Jupiter Wagons announced Q2FY23 results:

  • Q2FY23 vs Q2FY22 (Standalone):
    • Revenue from operations stood at Rs 41,671.61 lakh as against Rs 25,212.66 lakh in Q2FY22, a growth of 65%
    • EBITDA reported at Rs 4,994.07 lakhs as compared to Rs 3,426.78 lakhs in Q2FY22, a growth of 46%
    • Profit Before Tax stands at Rs 3,719.90 lakh as against Rs 2,462.22 lakh in Q2FY22, a growth of 51%
    • Profit After Tax reported was at Rs 2,480.38 lakh as against Rs 1,626.99 lakh in Q2FY22, a growth of 52%
    • EPS stands at Rs 0.64 (basic and diluted)
  • Q2FY23 vs Q1FY23 (Standalone):
    • Revenue from operations for the quarter that ended on September 30, 2022, stood at Rs 41,671.61 lakh as compared to Rs 29,540.10 lakh in Q1FY23, a growth of 41%
    • The Earnings Interest, Tax, Depreciation and Amortization (Core EBITDA) stood at Rs 4,994.07 lakh in Q2 FY23 as against Rs 3,027.04 lakh in Q1 FY23. The company’s EBITDA margin stood at 12%
    • Profit Before Tax (PBT) stood at Rs 3,719.90 lakhs for Q2 FY23 as compared to Rs 1,982.86 lakhs in Q1 FY23, a growth of 88%
    • The company’s PBT margin stood at 9%
    • Profit After Tax (PAT) was reported at Rs 2,480.38 lakh for Q2 FY23 as against Rs 1,341.23 lakh in Q1 FY23. PAT margin stood at 6%
  • H1FY23 vs H1FY22 (Standalone):
    • Revenue from operations for the half year that ended on September 30, 2022, stood at Rs 71,211.71 lakh as compared to Rs 51,709.69 lakh in H1FY22, a growth of 38%
    • The Earnings Interest, Tax, Depreciation and Amortization (Core EBITDA) stood at Rs 8,021.11 lakh in H1FY23 as against Rs 6,031.09 lakh in H1FY22, a growth of 33%
    • Profit Before Tax (PBT) stood at Rs 5,702.76 lakh for H1FY23 as compared to Rs 4,067.04 lakh in H1FY22. The company’s PBT margin stood at 8%
    • Profit After Tax (PAT) reported at Rs 3,821.61 lakh for H1FY23 as against Rs 2,688.39 lakh in H1FY22. PAT margin stood at 5%

Vivek Lohia, Managing Director, Jupiter Wagons Ltd, said, “Our vision to become a global contributor to fundamental growth engines is well reflected in our strategic business development. We have been focusing on expanding and enhancing our portfolio through various development and entry into the commercial electric vehicle market is a testament to that. We witnessed strong growth in Q2FY23 and have a strong order book with an addition of another Rs 500 crores orders this quarter. We have sustained a steady pace in our growth trajectory and foresee a strong path and progress in all avenues of our business.”

He further added, “We will focus on the commercial EV business, which is expected to further stabilize and enhance our business growth, we see a huge potential for growth in coming years. It is our endeavour to make our High-Speed Brake and EV vertical, one of the key components of the growth journey for Jupiter Wagons Limited.”

 

Result PDF

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Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

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