Conference Call with Jupiter Wagons Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Commercial Vehicles company Jupiter Wagons announced H1FY25 & Q2FY25 results Q2FY25 Consolidated Highlights: Revenue from operations for Q2FY25 stood at Rs 1,00,904 lakh, up 14.8% (YoY). EBITDA for Q2FY25 at Rs 13,945 lakh higher by 15.5% (YoY) with EBITDA margin of 13.8%. PAT for Q2FY25 stood at Rs 8,936 lakh, higher by 8.9% (YoY) with PAT Margin being 8.8%. EPS for the quarter is Rs 2.12 per share of a face value of Rs 10 each. H1FY25 Consolidated Highlights: Revenue from operations for H1FY25 stood at Rs 1,88,890 lakh, up 15.7% (YoY). EBITDA for H1FY25 at Rs 27,613 lakh, up 27% (YoY). EBITDA Margin improved to 14.6% in H1 FY25 from 13.3% in H1FY24. PAT for H1FY25 stood at Rs 18,125 lakh, higher by 25.1% (YoY), PAT Margin improved to 9.5%. EPS for H1FY25 is Rs 4.35 per share of a face value of Rs 10 each Other Highlights: Order book as of 30th September 2024 stands at Rs 6,64,366 lakh. Jupiter Electric Mobility has acquired Log9's railway and electric truck battery assets, enhancing its position in electric truck and railway battery solutions. Jupiter Wagons Limited has strategically rebranded its subsidiary Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited. The production capacity will be expanded from the current 20,000 forged wheels and axles per year to 1,00,000 forged wheelsets by setting up of a new facility in Odisha entailing an investment of approximately Rs. 2,50,000 lakh. On September 18, 2024, the Board of Directors declared an interim dividend of 10%, or Rs1.00 per fully paid equity share of Rs10 each. On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 80,000 lakh. The capital raised will be primarily used to establish a full wheel and axle manufacturing plant, enhancing our pipeline integration and supporting long-term growth. Vivek Lohia, Managing Director of Jupiter Wagons, said: “This quarter, we made a strategic decision to strengthen our foothold in the electric truck and railway battery sectors through the acquisition of Log9’s battery assets by our wholly owned subsidiary Jupiter Electric Mobility (JEM). Additionally, our offerings of BESS containers, crucial for solar and data centre energy storage. continue to garner rising interest thereby opening more opportunities in both domestic and international markets. Lastly, we have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs. 2,50,000 lakh in a new facility on Odisha. Even as we are poised to steadily growth our wagon business through capacity enhancement of our foundry, our businesses of safety systems, track components, eLCVs, wheelsets as well as high-speed brake systems for passenger and freight are poised to grow strongly ensuring that non-wagon businesses will significantly contribute to our revenue in the coming years, highlighting our strategic shift. We are excited to see our strategies take shape even as we continue to focus on value creation for stakeholders, as our Board approved an increased interim dividend in October 2024. At Jupiter, we are not just building the future of transportation—we’re leading it with a strong commitment to innovation and sustainability in order to transform the mobility landscape”. Result PDF