From primarily manufacturing wagons, components, and transportation equipment for the railways, the company is acquiring and making new investments to diversify its business.
With a market cap of Rs. 15,753, Jupiter Wagon’s Stock currently trading at 384, which is a 48.66 percent discount from its 52-week high price of 748. The stock has recovered 42.22 percent from its 52-week low of Rs.270.
Company’s foray into the EV segment
Jupiter Wagon Limited forayed into the Electric vehicle segment in 2021 with its subsidiary Jupiter Electric Mobility (JEM). They formed a Joint venture (JV) with Canadian-based GreenPower Motor Company to import American electric trucks to India. However, as the idea failed because of low demand, JEM forayed into electric light commercial vehicles (e-LCVs).
The company, during the December quarter, increased its stake in JEM from 60 percent to 75 percent. In October, JEM acquired Log 9’s technology and business assets for the Railway Battery and Electric Truck Battery Divisions, which will enable in-house battery production for the e-LCVs.
JEM launched a Udaan program in collaboration with Porter to accelerate TEZ Vehicle adaptation, with over 500 TEZ vehicle orders confirmed as of Q3FY25.
Also read: Power stock under ₹15 skyrockets 15% following the announcement of EV Charging Hub in Kolkata
Financial Highlights
The company reported an 11.60 percent YoY increase in revenue from Rs. 896 Crore in Q3FY24 to Rs. 1,000 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 2.66 percent in revenue from Rs. 974 Crore in the previous quarter.
Their Net profit saw an increase of 18.07 percent YoY from Rs. 83 Crore to Rs. 98 Crore for the same period. On a QoQ basis, the company reported an increase of 10.11 percent in Net profit from Rs. 89 Crore in the previous quarter. The EBITDA Margin in Q3FY25 stood at 14.40 percent and the PAT Margin stood at 9.20 percent.
About the Company
Jupiter Wagons Limited (JWL) specializes in the manufacturing of railway freight wagons, passenger coaches, wagon components, and castings. Established on July 28, 1979, and headquartered in Kolkata, West Bengal, JWL has become a significant player in the railway transportation equipment industry, serving clients such as the Indian Railways, private wagon aggregators, commercial vehicle OEMs, and logistics companies.
Written By Abhishek Das
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