Jupiter Wagons’ Net Profit Rises 9% YoY In Q2FY25

Registering an 8.9 per cent growth on a year-on-year (YoY) basis in the second quarter of the current financial year (Q2FY25), Jupiter Wagons, a comprehensive mobility solutions provider, has seen its consolidated net profit increase from 82.08 crore in Q2FY24 to Rs 89.36 crore in Q2FY25. The net profit margin was 8.8 per cent for the quarter.

According to the company’s consolidated financial results, its total income for Q2FY25 stood at Rs 1,018.75 crore, marking a 15 per cent YoY increase from Rs 885.08 crore in Q2FY24. The company’s earnings per share (EPS) of the quarter stood at Rs 2.12 per share in Q2FY25.

As far as the consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) is concerned, it was Rs 139.45 crore in Q2FY25 as compared to Rs 120.69 crore in Q2FY24, indicating a 15.5 per cent YoY increase. The EBITDA margin in Q2FY25 was 13.8 per cent, as against 13.7 per cent in the same quarter a year ago.

“This quarter, we made a strategic decision to strengthen our foothold in the electric truck and railway battery sectors through the acquisition of Log9’s battery assets by our wholly owned subsidiary Jupiter Electric Mobility (JEM). Additionally, our offerings of BESS containers, crucial for solar and data centre energy storage continue to garner rising interest thereby opening more opportunities in both domestic and international markets,” stated Vivek Lohia, Managing Director of Jupiter Wagons.

The order book as of 30 September 2024 stood at Rs 6,643.66 crore. On 18 September 2024, the board of directors declared an interim dividend of 10 per cent or Rs 1.00 per fully paid equity share of Rs 10 each. On 12 July 2024, Jupiter Wagons completed a Qualified Institutional Placement (QIP), raising Rs 800 crore.