Jupiter Wagons shares soar 12% after 18% YoY jump in Q3 PAT
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Jupiter Wagons shares soar 12% after 18% YoY jump in Q3 PAT

Shares of Jupiter Wagons, a prominent manufacturer of railway freight wagons, on Thursday soared 12.2% in intraday trade to a high of Rs 407.65 on the BSE after the company on Wednesday reported an 18.4% YoY jump in its Q3 net profit.

The company’s consolidated PAT was at Rs 96.4 crore for the quarter ended December 2024, driven by higher revenue and improved margins.

Meanwhile, its revenue from operations for Q3FY25 stood at Rs 1,029.8 crore, up by 15% YoY, while its total income for Q3FY25 rose 16% YoY to Rs 1,044.7 crore.

Further, Jupiter Wagons’ EBITDA grew 19.5% on a year-on-year basis, to Rs 148.7 crore. The EBITDA margin expanded to 14.4% from 13.9% earlier in the year-ago period.

For the nine months ended December 2024, JWL’s consolidated income stood at Rs 2,951.2 crore, up 16.1% YoY, with net profit rising 22.7% to Rs 277.7 crore. The company’s order book stood at Rs 6,320 crore as of December 31, 2024, the statement said.

Also read: What to expect from stock markets ahead of Budget 2025? Kranthi Bathini’s take

JWL expanded its stake in its subsidiary, Jupiter Electric Mobility (JEM), to 75% and acquired Log9’s technology and business assets for railway and electric truck batteries, bolstering its presence in sustainable transportation.

Jupiter Wagons share price performance

Despite a robust Q3 performance, the shares of Jupiter Wagons have faced some pressure. Over the past year, the price declined marginally by 0.77%, while the last six months saw a sharp drop of 37.83%. The three-month performance also remained weak, with a 21.50% decline.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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