Railway Stock engaged in manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components hit a 5 percent upper circuit following Q3FY24 results with a 58 percent jump in net profit.
With a market capitalization of Rs. 17,139 Crores, the shares of Jupiter Wagons Limited hit a 5 percent upper circuit at Rs. 415.70 from its previous day’s close price of Rs. 395.90
Its revenue from operations grew by 39 percent YoY from Rs. 644.43 Crores in Q3FY23 to Rs. 895.83 Crores in Q3FY24 and it grew 1.88 percent QoQ from Rs. 879.29 Crores in Q2FY24 to Rs. 895.83 Crores in Q3FY24.
Its Net Profit grew by 58.50 percent YoY from Rs. 44.59 Crores in Q3FY23 to Rs. 81.46 Crores in Q3FY24 and it declined 0.74 percent QoQ from Rs. 82.07 Crores in Q2FY24 to Rs. 81.46 Crores in Q3FY24.
Jupiter Wagons Limited is engaged in the business of manufacturing metal fabrication, railway wagons, wagon components, castings, and many more comprising load bodies for commercial vehicles, rail freight wagons, and components.
Jupiter Wagons Limited can manufacture over 8000 wagons annually and along with this, it also has multiple partnerships, that allow it to bring the latest Tech to India with DAKO CZ, Talleres Alegra, CAF, and many more that help the company in developing and innovating its products.As of FY23, the Company has a strong order book of Rs. 58,200 Crores.
Written by: Bharath K.S
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