Shares of Jupiter Wagons Ltd soared 8% greater on Tuesday, 11 September, after the corporate introduced that its materials subsidiary, Jupiter Tatravagonka Railwheel Manufacturing unit Pvt. Ltd., has obtained a letter of acceptance from the Ministry of Railways for the availability of 9,000 FIAT axles utilized in LHB coaches.
The Railway Board issued an order value roughly Rs 113 crore on 9 September.
The present deal extends Jupiter Wagons’ rail portfolio at a time when the corporate is receiving a relentless stream of high-value orders. Final month, the identical subsidiary acquired a Letter of Intent to provide 5,376 wheelsets for Vande Bharat trains valued at Rs 215 crore.
The back-to-back purchases spotlight Jupiter’s place as a significant provider to India’s quickly modernising railway community. Jupiter Wagons’ Managing Director, Vivek Lohia, has beforehand acknowledged that the corporate’s development is intently tied to demand for high-performance wheels and axles, for which it has created vital capability.
Jupiter is aggressively increasing into new market segments along with rail. The corporate has launched its first electrical automobile and expects to launch two extra in FY26, aided by a rising dealership community that features 8-10 new places set to open countrywide within the coming months.
The company can be increasing its battery sector, the place gross sales have elevated by roughly 200% month on month. Its first battery power storage system (BESS), accessible in 10-foot and 20-foot sizes, is slated to debut this month.
Financially, the company had a sluggish begin to FY26. In April-June 2025, income halved to Rs 459 crore, whereas web revenue fell 66% to Rs 31 crore. Margins additionally lowered to 12%, owing to a shortage of wheelsets from Indian Railways. Lohia acknowledged that provides have “stabilised significantly” since July and reiterated steering of Rs 5,000 crore income for FY26 with margins within the 14-15% vary.
Jupiter’s Rs 2,500 crore expenditure plan consists of creating its Aurangabad wheel facility, which is estimated to generate Rs 600 crore in income this 12 months and Rs 2,000 crore subsequent 12 months, supported by excessive export potential to the European Union.
At 12:36 pm, the shares of Jupiter Wagons have been buying and selling 4.87% greater at Rs 334.75 on NSE.
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