Commercial Vehicles company Jupiter Wagons announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Income for Q4FY24 stood at Rs 1,12,134 lakh, up 57% (YoY) EBITDA for Q4FY24 at Rs 14,772 lakh, up 59% (YoY) Continue to deliver industry-leading margin as EBITDA Margin improves to 13.3% in Q4FY24 from 13.1% in Q4FY23 PAT for Q4FY24 stood at Rs 10,422 lakh, higher by 156% (YoY) with PAT Margin improving to 9.3%. EPS for the quarter is Rs 2.54 per share of a face value of Rs 10 each. FY24 Financial Highlights: Total Income for FY24 stood at Rs 3,66,224 lakh, up 77% (YoY) EBITDA for FY24 at Rs 49,103 lakh, up 93% (YoY) Continue to deliver industry-leading margin as EBITDA Margin improved to 13.5% in FY24 from 12.3% in FY23 PAT for FY24 stood at Rs 33,279 lakh, higher by 165% (YoY), and PAT Margin improved to 9.1%. EPS for FY24 is Rs 8.27 per share of a face value of Rs 10 each. The Board of Directors recommends a final dividend of Rs 0.30 per share of FV of Rs 10 each. The Company has paid an Interim Dividend of 3% at Rs 0.30 per equity share of Rs 10/- each, fully paid up for the Financial Year 2023-24 in March 2024 Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, “We are delighted to announce continued strong growth in Q4FY24, with Total Income of Rs 1,12,134 lakh, growing 57% YoY. EBITDA soared to Rs 14,772 lakh, exhibiting substantial growth of 59% YoY accompanied by an industry-leading EBITDA margin of 13.3% in Q4FY24 which underscores our focused execution strategy. Notably, Profit after tax surged by 156% YoY, reaching Rs 10,422 lakh. We achieved the milestone of surpassing Rs 1,10,000 lakh of revenue in a quarter for the first time ever. This exceptional performance in the fourth quarter culminates in a remarkable financial year for Jupiter Wagons Limited, characterized by record-breaking revenues of Rs 3,66,224 lakh and profit after tax of Rs 33,279 lakh in FY24. In light of our robust performance, the Board of Directors has recommended a final dividend of Rs 0.30 per share, resulting in an enhanced full-year dividend payout to our esteemed shareholders. The acquisition of Bonatrans India Pvt. Ltd. during the quarter marks a significant stride in fortifying our business model, empowering us with in-house wheelset manufacturing capabilities, and driving further integration of our production process, apart from opening of substantial export opportunities in collaboration with strategic partners. Progress on the postacquisition integration of Stone India is on schedule. New contract wins this quarter from the Ministry of Defense, a prominent automobile manufacturer, and the Ministry of Railways for manufacturing and supplying various types of wagons coupled with the existing order backlog provide strong visibility. Jupiter remains an industry leader in private wagon suppliers. The outlook for FY25 is further enhanced by the impending launch of our e-LCVs and the plan to scale up the brake systems and braking businesses.” Result PDF