Jupiter Wagons Share Price Surges Over 11% as its Arm Wins ₹215 Crore Contract for Vande Bharat Wheelsets

Jupiter Wagons Limited announced on August 20, 2025, that its unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent. The LOI, dated August 19, 2025, is for the supply of 5,376 wheelsets to be used in Vande Bharat trains. The value of the order is about ₹215 crore. The subsidiary has been engaged in railway component production and will be responsible for delivering the contracted wheelsets under this order.

Jupiter Wagons Q1FY26 Earnings Results

For Q1FY26, covering April-June 2025, JWL reported revenue of ₹459 crore and net profit of ₹31 crore. This marked a 50% drop in revenue and a 66% fall in profit compared to the same quarter last year. The company attributed the decline mainly to a shortage of wheelsets from Indian Railways. Margins for the quarter stood at 12%.

As per the reports, Wheel supplies have stabilised since July, and it has maintained its target of ₹5,000 crore in revenue for FY26 and a margin range of 14-15%.

Capital Investment and Projects

The company’s ₹2,500 crore capital expenditure programme includes a wheel manufacturing facility in Aurangabad. This unit is expected to generate ₹600 crore in revenue in the current fiscal year, with the potential to increase to ₹2,000 crore next year. JWL also anticipates orders from Indian Railways under the PM Gati Shakti scheme, along with demand from private customers.

Read more: Jupiter Wagons Plans 2 New Electric Vehicle Launches in FY26!

Jupiter Wagons Share Price Performance

As of 21 August 2025, 09:54 AM, Jupiter Wagons share price was trading at ₹369, a 11.87% increase from the previous closing price. The stock has declined 42% over the past year.

Conclusion

Jupiter Wagons, through its railwheel subsidiary, has received an LOI to supply 5,376 wheelsets worth about ₹215 crore for the Vande Bharat trains. The order adds to the flow of components being contracted for India’s semi-high-speed passenger train network.

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