Jupiter Wagons Limited has announced its financial results for the second quarter and first half of the fiscal year 2027. The company reported a 15% year-over-year increase in revenue for Q2 FY27, reaching ₹772 crore. EBITDA also saw substantial growth of 45% qoq to ₹94 crore. For the half-year ended September 30, 2026, revenue from operations grew by 16% YoY to ₹1,443 crore.
Jupiter Wagons Ltd. Announces Q2 and H1 FY27 Financial Highlights
Jupiter Wagons Limited has released its financial performance update for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27), ending September 30, 2026. The company showcased a resilient performance, driven by operational efficiencies and progress in diversification initiatives.
Q2 FY27 Performance (Consolidated)
In the second quarter of FY27, Jupiter Wagons reported a consolidated Revenue from operations of ₹772 Crore, marking a significant 15% increase quarter-on-quarter (qoq). The company’s EBITDA for Q2 FY27 stood at ₹94 Crore, an impressive 45% increase qoq. The EBITDA Margin improved to 12.2% in Q2 FY27 from 9.7% in Q1 FY27. Profit After Tax (PAT) for Q2 FY27 was ₹46 Crore, with a PAT Margin of 6%. Earnings Per Share (EPS) for the quarter was ₹1.12 per share.
H1 FY27 Performance (Consolidated)
For the first half of FY27, the consolidated Revenue from operations reached ₹1,443 Crore, an increase of 16% year-over-year (YoY). EBITDA for H1 FY27 was reported at ₹159 Crore, with an EBITDA Margin of 11%. The PAT for H1 FY27 stood at ₹72 Crore, resulting in a PAT Margin of 5%. The EPS for H1 FY27 was ₹1.78 per share.
Key Operational Highlights
The company highlighted several strategic achievements during Q2 and H1 FY27. These include a strategic entry into the Railway Passenger Segment with the incorporation of a new subsidiary, Jupiter Rail Mobility Private Limited (JRMPL), and signing an MoU with Poland-based PESA to explore opportunities in passenger rolling stock. Jupiter Wagons also secured significant orders, including a ₹1,140 crore order from the Ministry of Railways for BOXNHL and BOXNS wagons, and orders worth over ₹450 crore from GATX India and other entities. Furthermore, the company expanded its presence in the energy sector by incorporating Jupiter Green Power Solutions Private Limited and winning a 41 MW/102.5 MWh project in Uttarakhand worth approximately ₹100 crore.
Subsidiary Developments
Key developments in subsidiaries include a strategic partnership with Lucchini RS (Italy) for India’s first integrated private-sector railwheel manufacturing platform, with an equity infusion of approximately Rs.290 crore. Jupiter Electric Mobility secured 110 MWh of FY27 BESS orders. Stone India received RDSO approval for its Freight Brake System, and commercial production commenced in July 2026.
MD’s Message
Mr. Vivek Lohia, Managing Director of Jupiter Wagons Ltd., commented on the results, stating, “We delivered a resilient performance in Q2 and H1 FY27, supported by continued progress on diversification initiatives. Our focus on operational efficiencies has helped us improve the margins and deliver profitable growth on a Q-o-Q basis. An important development for the business has been the sharp revival in order inflows in recent weeks and months.” He further emphasized the company’s strong progress in scaling new business lines, strategic entry into the Railway Passenger Segment, encouraging traction in the energy storage business, and focus on converting the opportunity pipeline into quality orders.
Manufacturing Capabilities
The company outlined its robust manufacturing capabilities across various locations in India, including facilities for load bodies, wagons, brake discs, forged wheel sets, and battery energy storage systems. Technology alliances with global players like Tatravagonka, KOVIS, DAKO-CZ, and Talleres Alegra are strengthening its product portfolio and manufacturing expertise.
Source: BSE
