Jupiter Wagons Limited announced robust financial results for the third quarter ending December 31, 2025. Consolidated Total Income for Q3 FY26 reached ₹900 crore, marking a 13.0% increase sequentially (QoQ). EBITDA also saw improvement, climbing 11.9% QoQ to ₹116 crore, leading to a PAT of ₹62 crore. The company highlighted a strong order book of ₹5,041 crore as of year-end, positioning it well for future growth amidst supportive policy environments.
Jupiter Wagons Reports Solid Q3 FY26 Performance
Jupiter Wagons Limited, a comprehensive mobility solutions provider, announced its consolidated financial results for the third quarter (Q3 FY26) and nine months ended December 31, 2025. The results reflect continued operational resilience and sequential quarter-on-quarter improvement despite industry headwinds.
Financial Performance Summary (Consolidated Figures in ₹ Crore)
Q3 FY26 Highlights:
- Total Income was reported at ₹900 crore, showing a significant 13.0% increase compared to the preceding quarter (Q2 FY26).
- EBITDA stood at ₹116 crore, reflecting an 11.9% QoQ jump, with the EBITDA margin holding steady at 13.0%.
- Profit After Tax (PAT) for the quarter was ₹62 crore, representing a substantial 37.6% growth QoQ. PAT margin settled at 7.0%.
9M FY26 Summary:
- Total Income for the nine months reached ₹2,172 crore.
- Consolidated PAT for the 9M period was ₹138 crore.
Key Operational and Business Developments
Order Book and Corporate Governance
- As of December 31, 2025, the total order book stood robustly at ₹5,041 crore.
- The company appointed Mr. Mark Damian Stevenson as an Additional Director (Non-Executive, Non-Independent) effective December 15, 2025, bringing extensive experience from European rail leadership.
- Jupiter Wagons allotted equity shares on December 19, 2025, following the conversion of warrants by promoter entity TATRAVAGONKA A.S., increasing promoter shareholding from 68.09% to 68.31%.
Segment Updates: Jupiter Electric Mobility (JEM)
- JEM successfully implemented the supply of auxiliary battery systems for Vande Bharat trains.
- Operational capabilities were strengthened via the commissioning of a new cell-to-battery manufacturing line in Indore.
- The segment has also developed and deployed modular Battery Energy Storage Systems (BESS) in containers.
Segment Updates: Jupiter Tatravagonka Railwheel Factory Private Limited
- The Odisha Greenfield project is progressing on schedule, with production expected to commence by the end of the Year.
- The subsidiary secured a healthy order book for wheelsets and Axle supply across various applications, including Freight wagons, LHB coaches, and Metro applications.
Management Commentary
Managing Director, Mr. Vivek Lohia, commented that the 13% sequential revenue growth in Q3 FY26, coupled with an 11% QoQ increase in EBITDA, reflects stable execution. He noted that while the industry faces near-term supply chain constraints for wheelsets, the upcoming integrated wheelsets plant, expected by year-end, will secure steady supply. Furthermore, positive developments in EU and US trade agreements are expected to open significant export opportunities for high-value components.
Future Outlook
The company’s commercial vehicle and container sales businesses are positioned for accelerated growth following the recent PLI announcement and ₹10,000 Crore budgetary allocation. Jupiter is also actively preparing for entry into the passenger rolling stock segment through engagement with a leading European partner, with further details to be shared later.
Source: BSE
