Synopsis:
The manufacturer secured a ₹113 crore railway order. Strong order book, EV expansion, new eLCV launch, and diversified nationwide manufacturing underline its growth strategy and future sustainability focus.
The shares of the prominent manufacturer gained up to 8 percent in today’s trading session after the company’s subsidiary secured a significant work order from the Ministry of Railways worth Rs 113 crore.
With a market capitalization of Rs 14,460.53 crore, the shares of Jupiter Wagons Ltd were trading at Rs 340.65 per share, increasing around 6.72 percent as compared to the previous closing price of Rs 319.20 apiece.
The shares of Jupiter Wagons Ltd have seen positive movement after the material subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, bagged a Letter of Acceptance (LOA) from the Ministry of Railways, Railway Board. This LOA pertains to the supply of a total of 9,000 LHB axles for FIAT-IR Bogies, with an aggregate order value of approximately Rs. 113 crores.
Financial & Operational Highlights
The company’s Q1FY26 performance shows a sharp decline, with revenue falling 48 percent to Rs 459 crore from Rs 880 crore in Q1FY25. Net profit also dropped 66 percent, sliding from Rs 92 crore to Rs 31 crore, reflecting significant business pressure.
Jupiter Wagons reported strong Q1FY26 highlights with an order book of Rs 5,972 crore. Its EV arm, JEM, opened its first Bengaluru showroom and plans nationwide expansion. JEM also partnered with Pickkup to deploy 300 electric LCVs, boosting sustainable logistics. Additionally, the company’s long-term credit rating was upgraded to ACUITE AA with a stable outlook.
JEM entered India’s electric logistics market with the launch of its first eLCV, TEZ, in Indore. Commercial production has begun, supported by a new ₹1.5 billion Prithapur facility with 10,000-unit capacity. Backed by expertise from Tata Motors and Volvo, JEM focuses on sustainable mobility, smart fleet solutions, and plans phased rollouts in major cities.
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Jupiter Wagons showcases robust manufacturing across India with multiple specialized facilities. Key units in Kolkata, Baddi, Jabalpur, Indore, and Aurangabad produce wagons, couplers, axles, brake systems, and load bodies. The Pune center focuses on e-LCV development, while Odisha and Jamshedpur units support wheelset and commercial vehicle production, reflecting a diversified, pan-India industrial footprint driving growth and innovation.
Jupiter Wagons is a leading provider of comprehensive mobility solutions, excelling in the design and manufacture of railway wagons and vital alloy steel casting components for rolling stock and tracks. Its mission is to be the finest mobility solution provider in the country, serving both railways and roadways with an agile business approach.
Written by Abhishek Singh
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