Jupiter Wagons Q2 Results: Net profit halves, margins narrow; stock volatile

Shares of railways company Jupiter Wagons Ltd. fell as much as 3% on Tuesday, November 11, in response to its September quarter results, which were lower on a year-on-year basis across parameters.

The company's net profit nearly halved to ₹46.6 crore from ₹90 crore last year. Revenue for the quarter declined by 22% from the year-ago period to ₹786 crore from ₹1,009 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also fell by a quarter to ₹104 crore from ₹140 crore, showing a decline of 25.6%, while margins narrowed by 60 basis points from last year to 13.2% from 13.8% last year.

At the end of the June quarter, Vivek Lohia, the Managing Director of the company had said that the railway wheel supply stabilized in the month of July with the outlook improving in the coming months.

He also projected the Aurangabad facility of the company to be at ₹600 crore for financial year 2026 and scale ₹1,000 crore in financial year 2027.

The company had maintained its margin guidance for the full year, stating that the per-wagon margin had improved.

Stock of Jupiter Wagons has recovered from the lows of the day, currently trading 0.6% higher at ₹312.75. The stock is down 40% so far in 2025.