Synopsis
Jupiter Wagons saw its net profit fall 72% to Rs 29 crore in the March quarter. Revenue also fell 25% to Rs 780 crore. The company’s EBITDA decreased by 46%. For the full year, profit after tax fell by 56%. Shares of Jupiter Wagons have seen a decline. Indian Railways is planning a major tender for freight wagons.
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ETMarkets.comJupiter Wagons reported a significant 72% decline in its March quarter net profit to Rs 29 crore, with revenue also falling 25%. Jupiter Cartsa private railway sector company, reported a consolidated net profit of Rs 29 crore for the March quarter of FY26, marking a massive decline of 72 per cent compared to the Rs 103 crore posted during the same period last year. The profit is attributable to the owners of the business.
The company income operations stood at Rs 780 crore, also down 25% from Rs 1,044 crore reported in the corresponding quarter of the previous fiscal.
The company’s EBITDA stood at Rs 83 crore, a substantial decline of 46 per cent from Rs 153 crore in the fourth quarter of the previous fiscal. Its EBITDA margin is also declining, down 410 basis points to 10.6% from 14.7% in the fourth quarter of fiscal 2025.
The company’s expenses for the quarter stood at Rs 731 crore, down 20% from Rs 923 crore in Q4FY25, the company said in a regulatory filing.
For the full year under review, operating revenue stood at Rs 2,916 crore, down over 26 per cent or Rs 1,047 crore, compared to Rs 3,963.27 crore posted in the previous fiscal.
Profit after tax declined 56 per cent to Rs 166 crore, down from Rs 380 crore posted in FY25, the company said on Saturday.
Shares of Jupiter Wagons are down 14% year to date and about 26% over the past year.
The stock hit headlines late after a report said Indian Railways was preparing to launch a mega tender of Rs 40,000 crore to acquire 1 lakh freight wagons over the next three to four years.
Last month, international brokerage Jefferies initiated coverage on Jupiter Wagons with an ‘underperform’ rating and a target price of Rs 200, implying a potential downside of 31% from Rs 290. Jefferies expects Jupiter Wagons’ growth to moderate as the business remains heavily dependent on the lower-growing freight wagon segment.
The brokerage firm estimates an EPS CAGR of 23% for Jupiter Wagons over FY26-30, significantly lower than the 43% projected by Titagarh, with wagons expected to continue contributing over 60% of overall sales even by FY28. It also said the company’s new wheel manufacturing plant is likely to make a significant contribution only after FY28.
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