From primarily manufacturing wagons, parts, and transportation tools for the railways, the corporate is buying and making new investments to diversify its enterprise.
With a market cap of Rs. 15,753, Jupiter Wagon’s Inventory at present buying and selling at 384, which is a 48.66 % low cost from its 52-week excessive worth of 748. The inventory has recovered 42.22 % from its 52-week low of Rs.270.
Firm’s foray into the EV section
Jupiter Wagon Restricted forayed into the Electrical automobile section in 2021 with its subsidiary Jupiter Electrical Mobility (JEM). They fashioned a Three way partnership (JV) with Canadian-based GreenPower Motor Firm to import American electrical vans to India. Nonetheless, as the thought failed due to low demand, JEM forayed into electrical gentle industrial automobiles (e-LCVs).
The corporate, through the December quarter, elevated its stake in JEM from 60 % to 75 %. In October, JEM acquired Log 9’s expertise and enterprise belongings for the Railway Battery and Electrical Truck Battery Divisions, which can allow in-house battery manufacturing for the e-LCVs.
JEM launched a Udaan program in collaboration with Porter to speed up TEZ Automobile adaptation, with over 500 TEZ automobile orders confirmed as of Q3FY25.
Additionally learn: Energy inventory beneath ₹15 skyrockets 15% following the announcement of EV Charging Hub in Kolkata
Monetary Highlights
The corporate reported an 11.60 % YoY improve in income from Rs. 896 Crore in Q3FY24 to Rs. 1,000 Crore in Q3FY25. On a QoQ foundation, the corporate reported a rise of two.66 % in income from Rs. 974 Crore within the earlier quarter.
Their Internet revenue noticed a rise of 18.07 % YoY from Rs. 83 Crore to Rs. 98 Crore for a similar interval. On a QoQ foundation, the corporate reported a rise of 10.11 % in Internet revenue from Rs. 89 Crore within the earlier quarter. The EBITDA Margin in Q3FY25 stood at 14.40 % and the PAT Margin stood at 9.20 %.
Concerning the Firm
Jupiter Wagons Restricted (JWL) specializes within the manufacturing of railway freight wagons, passenger coaches, wagon parts, and castings. Established on July 28, 1979, and headquartered in Kolkata, West Bengal, JWL has develop into a major participant within the railway transportation tools business, serving shoppers such because the Indian Railways, personal wagon aggregators, industrial automobile OEMs, and logistics corporations.
Written By Abhishek Das
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