Shares of Jupiter Wagons Restricted skyrocketed 13% on Thursday, 21 August, after the corporate introduced that its subsidiary, Jupiter Tatravagonka Railwheel Manufacturing unit Personal Restricted, secured an order for Vande Bharat wheelsets for Rs 215 crore.
The Letter of Intent, signed 19 August 2025, specifies the availability of 5,376 wheelsets.
Final Monday, Jupiter Wagons introduced plans to supply two electrical automobiles in FY26. “We’ve got launched our first automobile. We’re going to be launching two different automobiles by the tip of this yr,” stated Vivek Lohia, Managing Director at Jupiter Wagons. The corporate can be growing its dealership community, with 8-10 new places set to open throughout India throughout the subsequent two months.
The battery business is quickly increasing, with gross sales growing “about 200% month-on-month.” Lohia additionally said that the enterprise will launch its first battery power storage system (BESS) this month, obtainable in 10-foot and 20-foot sizes, noting excessive demand within the section.
Jupiter Wagons reported a income of Rs 459 crore, internet revenue of Rs 31 crore, and 12% margins in Q1FY26. The substantial year-on-year decline of fifty% in income and 66% in revenue was attributable to an Indian Railways wheelset scarcity. Jupiter expects to fulfill its income goal of Rs 5,000 crore for FY26, as wheel provide has “stabilised significantly” since July, based on Lohia. Margins, which have been guided at 14-15%, proceed on tempo.
Jupiter is pursuing a Rs 2,500 crore capital technique, together with a giant challenge with export potential to the European Union. The Aurangabad wheel plant is projected to earn Rs 600 crore in income this yr, growing to Rs 2,000 crore subsequent yr.
At 12:45 pm, the shares of Jupiter Wagons have been buying and selling 8.56% greater at Rs 358.10 on NSE.
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