Jupiter Wagons Share Price Gains for the 2nd Straight Day; Up 4%

On December 12, 2024, Jupiter Wagons share price (NSE: JWL) traded 4.16% higher, reaching ₹575.30 at 10:05 AM on NSE. The stock gained over 11% yesterday and has risen 11.86% in the last 5 days.

Railway Sector Boosted by Projects

Railway stocks have been rallying to fresh highs, with Jupiter Wagons among the top gainers yesterday.

As per news reports, the positive momentum is driven by the recent approval of three multitracking projects by the Union Cabinet, valued at ₹7,927 crore.

These projects are expected to enhance connectivity, reduce logistics costs, and contribute to environmental sustainability by minimising oil imports and lowering carbon emissions.

Additionally, market sentiment is buoyed by expectations surrounding the upcoming Budget 2025, which may further benefit the sector. These initiatives align with the government’s vision for self-reliance and job creation.

Q2 FY25 Financial Highlight and Order Book Details

As of September 30, 2024, Jupiter Wagons reported a robust order book of ₹6,64,366 lakh.

For Q2FY25, the company posted a consolidated total income of ₹1,01,875 lakh, reflecting a 15% year-on-year (YoY) growth.

The consolidated EBITDA for the quarter stood at ₹13,945 lakh, up by 15.5% YoY, with an EBITDA margin of 13.8%.

The company’s consolidated PAT for Q2FY25 reached ₹8,936 lakh, marking a 9% YoY increase, resulting in a PAT margin of 8.8%.

Additionally, the company reported an earnings per share (EPS) of ₹2.12 for the quarter, indicating solid financial performance. These results highlight Jupiter Wagons Ltd.’s strong growth trajectory and operational efficiency.

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.