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Key Points

Jupiter Wagons experienced a marginal decline in quarterly financial performance, with net profit and revenue showing slight reductions. Despite the financial challenges, the company is strategically positioning itself in the electric mobility sector. Managing Director Vivek Lohia highlighted major contract wins and the inauguration of a new facility in Pithampur. The company remains optimistic about future growth through diversification and strategic partnerships.

Key Points: Jupiter Wagons Q4 Profit Dips Amid Strategic Electric Mobility Push

  • Q4 net profit falls 1.9% to Rs 103 crore
  • Revenue drops 6.2% to Rs 1,057 crore
  • New Pithampur facility targets electric mobility
2 min read

Jupiter Wagons' net profit falls nearly 2 pc in Q4, revenue slips

Railway wagon manufacturer Jupiter Wagons reports slight Q4 profit decline while expanding into electric mobility and strategic contracts

"FY25 is a transformative year for Jupiter Wagons - Vivek Lohia, Managing Director"

Mumbai, May 19

Railway wagons and components manufacturer Jupiter Wagons on Monday reported a decline of 1.9 per cent in its net profit at Rs 103 crore in Q4 FY25, down from Rs 105 crore in the same period last fiscal.

The profit before tax (PBT) also declined by 8.26 per cent year-on-year (YoY) to Rs 127.47 crore from Rs 138.95 crore, according to its stock exchange filing.

The company's consolidated total income also saw a decline, falling to Rs 1,057 crore from Rs 1,127 crore a year earlier -- a drop of around 6.2 per cent.

Similarly, revenue from operations decreased by approximately 6.4 per cent, from Rs 1,115.41 crore in the year-ago period to Rs 1,044.54 crore in the last quarter of FY25.

Despite the revenue dip, Jupiter Wagons managed to reduce its total expenses to Rs 923.34 crore in Q4, down 6.4 per cent compared to Rs 986.41 crore in the same quarter last financial year.

However, on a sequential basis, expenses rose by about 1.56 per cent compared to Rs 909.16 crore in Q3.

The company's EBITDA (earnings before interest, taxes, depreciation, and amortisation) rose slightly to Rs 153 crore from Rs 147 crore last fiscal, with the EBITDA margin improving to 14.6 per cent from 13.2 per cent.

Shares of Jupiter Wagons Limited fell by Rs 13.1 or 3.1 per cent to close the intra-day trading session at Rs 408.95 on the National Stock Exchange (NSE) on Monday.

Speaking about the full financial year, Managing Director Vivek Lohia described FY25 as a transformative year for Jupiter Wagons.

He highlighted several strategic wins, including major contracts with Braithwaite for wheelsets.

"The company also secured brake system contracts worth over Rs 215 crore," Lohia mentioned.

Lohia emphasised the company's push into electric mobility with the inauguration of a new facility in Pithampur.

"This state-of-the-art plant is expected to drive battery production and supply to Indian Railways and private partners, along with orders for complete Battery Energy Storage Systems (BESS)," he said.

- IANS

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Reader Comments

R
Rajesh K.
Not too worried about this small dip in profits. The company is making smart moves into electric mobility which is the future. That new Pithampur plant will pay off in the long run. Indian Railways modernization needs companies like Jupiter Wagons! 🇮🇳
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Priya M.
The 6% drop in revenue is concerning but they've managed costs well. Hope the new contracts mentioned by MD will boost next quarter results. As a shareholder, I'm watching closely 👀
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Amit S.
Why is no one talking about the improved EBITDA margin? From 13.2% to 14.6% shows better operational efficiency. Short term pain for long term gain seems to be their strategy.
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Sunita R.
The stock market reaction seems overdone - just 2% profit drop but 3% share price fall? Maybe investors expected better numbers. But railway sector stocks always have ups and downs. Hold for long term!
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Vikram J.
As someone from Pithampur, excited about the new battery plant! Hope it creates local jobs. But company should be transparent about expansion costs affecting profits. Overall good for Make in India initiative.
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Neha P.
The railway sector is crucial for our economy. While numbers dipped slightly, the strategic contracts and focus on electric mobility show vision. Hope they maintain quality while expanding - we've seen too many railway accidents lately 😟

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