Jupiter Wagons Ltd.Revenue +46% to ₹671 Cr, EBITDA +9%

Jupiter Wagons reported Q1 FY27 consolidated revenue of ₹671 Cr, up 46% year on year, with EBITDA up 9% to ₹65 Cr, a margin of roughly 10%, and profit after tax of ₹26 Cr.

Wagon production dipped sequentially, to about 1,141 units from about 1,347, as the company moved to new private wagon designs, and management expects numbers to spike from Q2. The wagon order book is about ₹3,000 Cr with close to 80% private, and 60% to 70% of the total order book is expected to be executed in FY27. Lucchini RS and SIMEST will take a combined 25% of the railwheel company for about ₹290 Cr, cutting Jupiter's share of the ₹2,600 Cr project to about ₹600 Cr, with a revenue target of ₹2,500 Cr to ₹3,000 Cr.

Battery storage orders stand at about 500 megawatts and over ₹500 Cr, with a ₹1,000 Cr target this year, and Stone India received RDSO approval for freight brakes.