Jupiter Wagons Q2 Results: Net profit rises 2% as lower raw material costs offset higher expenses

Detailed summary

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.

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 International and Balmer Lawrie for supply of ACT2 automobile carrier wagons and BFNS22.9T wagons.

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