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Jupiter Wagons Ltd on Friday (November 13) reported a 2.8% year-on-year increase in consolidated net profit to ₹47.9 crore for the second quarter of FY27, compared with ₹46.6 crore in the corresponding period last year.
Revenue from operations declined 1.8% to ₹772.2 crore from ₹786 crore in the year-ago quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 9.3% to ₹94.3 crore from ₹104 crore.
The EBITDA margin contracted to 12.2% from 13.2% a year earlier. Earnings per share (EPS) for Q2 FY27 stood at ₹1.12 per share, with a face value of ₹10 each.
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For the first half of FY27, consolidated revenue from operations increased 16% year-on-year to ₹1,443 crore. EBITDA stood at ₹159 crore, with a margin of 11%.
Profit after tax (PAT) for H1 FY27 stood at ₹72 crore, with a PAT margin of 5%. EPS for the six-month period was ₹1.78 per share, with a face value of ₹10 each.
Vivek Lohia, Managing Director of Jupiter Wagons Ltd, said, "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. We secured an order of ₹1,140 crore from the Ministry of Railways for 2,583 wagons and orders exceeding ₹450 crore from customers like GATX India, Chetak and Balmer Lawrie for supply of ACT2 automobile carrier wagons and BFNS22.9T wagons.
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Adding to the visibility is the upcoming 5,800 BOBRN wagon tender, which should elevate the momentum further. Jupiter Wagons continues to make strong progress in scaling newer business lines and growth engines, fortifying its emergence as a diversified and integrated mobility and engineering solutions provider.
Beyond our core freight wagon business, we have made a strategic entry into the Railway Passenger Segment with the incorporation of Jupiter Rail Mobility Private Limited (JRMPL), a new subsidiary to enter the rail passenger transport and engineering industry.
We have entered into an MoU with Poland-based PESA to enter the passenger rolling stock segment across metro, regional, intercity and high-speed rail. On the wheelset business, as part of our strategic partnership with Lucchini RS, we have inducted Lucchini and Simest as equity partners in the wheelset subsidiary, with them collectively holding a 25% stake.
Our energy storage business is witnessing encouraging traction, with the BESS order book having crossed 500 MWh, valued at over ₹500 crore, and we remain focused on achieving our ₹1,000 crore target by FY27. Going forward, our focus remains on converting the growing opportunity pipeline into quality orders, expanding our manufacturing and component capabilities, and scaling our passenger mobility business.
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With renewed order momentum, an expanding addressable market and integrated manufacturing capabilities, we are well positioned for our next phase of growth, while remaining committed to disciplined execution, operational excellence and sustainable long-term value creation."
Shares of Jupiter Wagons Ltd ended at ₹207.45, down by ₹4.10, or 1.94%, on the BSE.
