Jupiter Wagons Limited reports strong Q2 FY26 results driven by improved wheelset supplies. Revenue reached INR 786 crore, a 71% sequential growth, with EBITDA at INR 104 crore and PAT at INR 45 crore. The company is expanding its EV and BESS businesses and expects strong growth in the coming quarters, supported by a robust order book of INR 5,538 crore.
Financial Highlights
Jupiter Wagons Limited announced its financial results for Q2 FY26, showcasing significant improvements. Key highlights include:
- Revenue from operations: INR 786 crore, a 71% sequential growth.
- EBITDA: INR 104 crore, with a margin of 13.2%.
- Profit after tax (PAT): INR 45 crore, reflecting a 5.8% margin.
For H1 FY26, the consolidated revenue was INR 1,245 crore, with EBITDA at INR 163 crore and PAT at INR 76 crore.
Operational Developments
The company saw positive developments in its various business segments, including:
- Improved supply conditions for wheelsets, boosting the wagon division.
- Increased volumes of brake discs, containers, and wheelsets.
- Significant orders secured by Jupiter Tatravagonka Railwheel Factory, including a INR 113 crore contract for 9,000 LHB Axles and a INR 215 crore order for 5,376 wheelsets for the Vande Bharat project.
Electric Mobility and Energy Storage
Jupiter Electric Mobility launched 10-foot and 20-foot containerized battery energy storage systems (BESS). The company delivered its first 10-feet BESS unit to Greenlit and is preparing its first 20-feet system for export. Expansion of EV dealerships across India is underway.
Expansion and Sustainability
The company is progressing on its forged wheel and axle facility in Odisha, an INR 2,500 crore investment to produce 100,000 wheelsets annually by 2027. Jupiter Wagons received an ESG rating of 45, recognizing its commitment to responsible business practices.
Order Book and Outlook
The company’s order book stands at INR 5,538 crore, providing strong visibility for future growth. Jupiter Wagons aims to regain its past performance benchmarks and continue its growth and diversification strategy.
Source: BSE