Jupiter Wagons reported strong Q2 FY26 results with revenue up 71% QoQ to ₹786 Crore, driven by improved wheelset supply. EBITDA increased by 73% QoQ to ₹104 Crore. The company’s other business verticals are scaling up performance, and Jupiter Electric Mobility (JEM) is gaining momentum with its battery energy storage solutions. The railwheel factory also secured significant orders.
Financial Performance
In Q2 FY26, Jupiter Wagons’ revenue from operations reached ₹786 Crore, a substantial 71% increase compared to the previous quarter. This growth was primarily fueled by an improved supply of wheelsets for its wagons business. The company’s EBITDA for Q2 FY26 stood at ₹104 Crore, marking a 73% rise QoQ. The EBITDA margin was 13.2%. The company reported a PAT of ₹45 Crore, with a PAT Margin of 5.8%. EPS for Q2 FY26 is ₹1.10 per share.
H1 FY26 Highlights
For the first half of fiscal year 2026, Jupiter Wagons reported revenue from operations of ₹1,245 Crore. EBITDA for H1 FY26 was ₹163 Crore. The EBITDA Margin was 13.1%. PAT for H1 FY26 reached ₹76 Crore, with a PAT Margin of 6.1%. EPS for H1 FY26 is ₹1.87 per share.
Operational Developments
Jupiter Electric Mobility (JEM) introduced 10 ft and 20 ft containerized Battery Energy Storage Systems (BESS). The company delivered its first 10 ft BESS unit to Greenlit and is preparing for its first 20 ft unit export. Six new JEM Dealerships were opened in Hyderabad, Delhi, Ghaziabad, Pune, Ahmedabad and Trivandrum. Jupiter Tatravagonka Railwheel Factory received an order from the Ministry of Railways for 9,000 LHB axles and a Letter of Intent for 5,376 wheelsets for the Vande Bharat project. The company’s forged axle and wheel facility in Odisha is progressing rapidly.
Order Book
The order book stands at ₹5,538 Crore as of September 30, 2025.
Source: BSE
