Commercial Vehicles company Jupiter Wagons announced Q2FY26 results Total Income: Rs 796.1 crore against Rs 1,018.8 crore during Q2FY25, change -21.8%. EBITDA: Rs 103.6 crore against Rs 139.4 crore during Q2FY25, change -25.7%. EBITDA Margin: 13.2% for Q2FY26. PAT: Rs 45.3 crore against Rs 89.4 crore during Q2FY25, change -49.2%. PAT Margin: 5.8% for Q2FY26. Vivek Lohia, Managing Director of Jupiter Wagons, said: “Having navigated supply challenges in Q1 and July, we’re pleased to report that wheelset deliveries are now back on track, paving the way for smoother operations ahead. Restoring production momentum, we have reported Consolidated Revenues of Rs 786 crore in Q2FY26, an increase of 71% on a QoQ basis. As a result, Consolidated EBITDA in Q2 has increased to Rs 104 crore, higher by 73% on a QoQ basis. Even as we strive to restore the pace of revenue and EBITDA from our wagon business to the predisruption level, other business verticals continue to scale up performance. Jupiter Electric Mobility (JEM) is at the forefront of the clean energy transition. This quarter, we introduced 10 ft and 20 ft containerised Battery Energy Storage Systems (BESS) with modular air-cooled architecture and capacities ranging from 241 kWh to 3 MWh, catering to diverse applications from diesel generator replacement to solar energy storage. We proudly delivered our first 10 ft BESS unit to Greenlit in partnership with GMMCO and further added multiple orders for 10 ft and 20 ft systems, which would lead to multifold increase in volume. We are also preparing to export our first 20 ft unit and our upcoming liquid-cooled grid-scale BESS will further strengthen our position in the fast-growing energy storage market. Building on the successful launch of JEM’s first showroom in Bengaluru in June 2025, 6 more Dealerships - Hyderabad, Delhi ,Ghaziabad, Pune, Ahmedabad and Trivandrum. The showroom features the JEM TEZ, a 1.05-ton electric light commercial vehicle built specifically for urban logistics and last-mile delivery, offering a certified range of over 300 kilometers. This initiative underlines our commitment to purpose-built, sustainable mobility solutions and our goal of building a strong, accessible network across key logistics hubs in India. At the Jupiter Tatravagonka Railwheel Factory, we achieved several milestones that reinforce our leadership in India’s rail manufacturing ecosystem. We received an Rs 113 crore order from the Ministry of Railways for 9,000 LHB Axles, and a Letter of Intent worth Rs 215 crore for 5,376 wheelsets for the Vande Bharat high-speed train project. Meanwhile, we are progressing rapidly with our state-of-the-art forged axle and wheel facility in Odisha with proposed Rs 2,500 crore investment. Once operational, it will produce 100,000 wheelsets annually by 2027, a major step toward self-reliance and advancing the ‘Make in India’ vision. As we look ahead, our focus remains clear — disciplined growth, continued innovation and emphasis on execution. With a robust order book, expanding manufacturing capabilities, and a future-ready team, Jupiter Wagons is building not just strong businesses, but a stronger, more sustainable future.” Result PDF
Conference Call with Jupiter Wagons Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Commercial Vehicles company Jupiter Wagons announced Q4FY25 & FY25 results Consolidated Q4FY25 Financial Highlights: Total Income stood at Rs 1,057 crore, reflecting a decrease of 6.2% compared to Rs 1,127 crore in Q4FY24. EBITDA was Rs 153 crore, showing a growth of 4.1% from Rs 147 crore in Q4FY24. EBITDA Margin improved to 14.6%, marking an increase of 115 bps from 13.2% in Q4FY24. PAT (Profit After Tax) stood at Rs 103 crore, reflecting a decline of 1.9% compared to Rs 105 crore in Q4FY24. PAT Margin increased to 9.7%, representing a rise of 40 bps from 9.3% in Q4FY24. Consolidated FY25 Financial Highlights: Total Income for FY25 stood at Rs 4,008 crore, up 9.3% YoY. EBITDA for FY25 at Rs 578 crore, up 18% YoY. EBITDA Margin improved to 14.6% in FY25 from 13.4% in FY24. JWL continues to deliver industry-leading margins. PAT for FY25 stood at Rs 380 crore, higher by 14.9% YoY, with a PAT Margin of 9.5%. EPS for FY25 is Rs 9.1 per share of a face value of Rs 10 each. Standalone Q4FY25 Financial Highlights: Total Income was Rs 1,011 crore, reflecting a decline of 6.6% compared to Rs 1,121 crore in Q4FY24. EBITDA stood at Rs 145 crore, marking a slight decrease of 2% from Rs 148 crore in Q4FY24. EBITDA Margin improved to 14.4%, representing an increase of 70 bps from 13.3% in Q4FY24. PAT (Profit After Tax) was Rs 97 crore, showing a decline of 7% compared to Rs 104.2 crore in Q4FY24. PAT Margin increased to 9.6%, reflecting a growth of 50 bps from 9.3% in Q4FY24. Standalone FY25 Financial Highlights: Total Income for FY25 stood at Rs 3,905 crore, up 6.6% YoY. EBITDA for FY25 at Rs 548 crore, up 11.6% YoY. EBITDA Margin improved to 14.2% in FY25 from 13.5% in FY24. JWL continues to deliver industry-leading margins. PAT for FY25 stood at Rs 373 crore, higher by 12.1% YoY, with a PAT Margin of 9.6%. EPS for FY25 is Rs 8.9 per share of a face value of Rs 10 each. Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said “FY 2024–25 has been a defining year for Jupiter Wagons, not only in terms of strong financial performance—with Income of over Rs 4,000 crore and PAT of Rs 380 crore rising by 15% YoY but also through strategic milestones that are shaping the future of Indian mobility. Our strong and consistent financial performance over the last three years reflects the robustness of our operating model and our commitment to delivering consistent value to stakeholders. Business momentum from the Railway sector remains strong, with a substantial order for wheelsets from Braithwaite and a landmark Rs 600 crore order from Ambuja Cement and ACC reaffirming our leadership in freight solutions. We have secured brake business contracts valued at over Rs 215 crore—including Rs 150 crore for passenger brake systems and Rs 65 crore for brake discs. On the electric mobility front, the inauguration of our Pithampur facility marks a defining moment for Jupiter Electric Mobility and India’s sustainable transportation future. This advanced facility is equipped with cutting-edge technology aimed at setting new benchmarks in the EV industry. We’ve also commenced battery production and supply to Indian Railways as well as private players, received orders for complete Battery Energy Storage System (BESS). Backed by an integrated ecosystem focused on reliability, efficiency, and sustainability, this facility stands as a strong testament to our commitment to innovation, community empowerment, and a cleaner, greener tomorrow. Post acquisition of the wheelsets business last year, we have successfully turnaround with doubling of the revenue and healthy bottom line. We have also received orders valued at approx. Rs 255 crore from Braithwaite for the supply of railway wheelsets, further validating our efforts. Further marking a significant step toward Atmanirbhar and enabling self-reliance in the manufacturing and supply of wheelsets, we have obtained land allotment and have completed financial tie up for the Forged Wheel & Axle Plant at Odisha. The facility is also poised to serve as an export hub for global markets. As we enter FY26, backed by a robust order book and growing traction across all business lines, we are confident in our ability to lead India’s next phase of growth in rail and mobility solutions. Supported by continued government focus on infrastructure and our strategic direction, Jupiter Wagons is poised to create enduring value for stakeholders.” Result PDF