Jupiter Wagons Sees 19.4% YoY Income Growth in Q1 FY2025

Jupiter Wagons Limited, which offers comprehensive mobility solutions including road, rail, and marine transportation, has announced its financial results for Q1 FY 2025.

Financial Highlights for Q1 FY2025

• The company reported total income for Q1 FY2025 was ₹90,219 lakh, marking a 19.4% increase year-over-year (YoY).
• EBITDA for Q1 FY2025 reached ₹12,886 lakh, up 32.4% YoY, with the EBITDA margin improving to 14.4%. The consolidated EBITDA margin for Q1 FY2025 was 15.5%.
• The company’s Profit After Tax (PAT) for Q1 FY2025 stood at ₹8,923 lakh, a 40.3% increase YoY, with the PAT margin improving to 9.9%.
• The company stated that its wheelset manufacturing subsidiary saw a five-fold increase in revenue YoY and turned profitable, with a PAT of ₹8,923 lakh and a PAT margin of 9.9% for Q1 FY2025.

Business Highlights for Q1 FY2025

• The order book as of June 30, 2024, was ₹7,02,834 lakh.
• Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, received approval from the Automotive Research Association of India (ARAI) for its battery-operated light commercial vehicle, JEM TEZ. This 1-ton commercial EV features industry-leading fast charging technology.
• Initial commercial production by Jupiter Electric Mobility Private Limited (JEM) is set to commence in Q3 FY2025.
• JEM, in collaboration with Log9 Materials Private Limited, has achieved significant milestones in developing and certifying Lithium-Ion Phosphate (LFP) battery technology for Indian railways.
• Jupiter Wagons Limited successfully raised ₹80,000 lakh through a Qualified Institutional Placement (QIP), receiving an overwhelming response. Total demand reached approximately ₹2,80,000 lakh, featuring prominent investors.

Commenting on the financial performance, the Managing Director of Jupiter Wagons Ltd, Mr Vivek Lohia, said, “Our wagon business remains crucial, contributing ~ 80% of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, Brake discs, Brake systems, and Containers. Our recent acquisition of Bonatrans has been highly successful, with revenue increasing five-fold to ₹7,436 lakh, EBITDA rising to ₹930 lakh, the margin of 12.5%, and PAT reaching ₹702 lakh turned positive Y-o-Y in Q1FY25.”

He further added, “Additionally, Jupiter Wagons Limited raised ₹80,000 lakh through a Qualified Institutional Placement (QIP), with a remarkable demand of approximately ₹2,80,000 lakh, featuring prominent investors.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.