Jupiter Wagons Q1 results: PAT jumps 40% YoY to Rs 89 crore, revenue up 19%
Jupiter Wagons reported a standalone net profit of Rs 89.23 crore for the quarter ended June 30, 2024 which was up by over 40% over Rs 63.60 crore reported by the company in the year ago period. The total income for the reported quarter stood at Rs 902.19 crore versus Rs 755.41 crore in the corresponding quarter of the previous financial year. This translates into a 19.4% uptick.
Company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) surged by over 32% YoY to Rs 128.86 crore as against Rs 97.34 crore in Q1FY24. Meanwhile, EBITDA margin improved to 14.4% in Q1FY25 taking a 150 bps lead over the corresponding quarter of the last financial year.
The company further said that its Wheelset manufacturing subsidiary reported a 5-fold increase (YoY) in revenue and turned profitable with a PAT of Rs 7.02crore in Q1FY25.
Order book as of June 30, 2024 stood at Rs 7,028.34 crore.
Jupiter Wagons also raised Rs 800 crore through a Qualified Institutional Placement (QIP).
Vivek Lohia, Managing Director of Jupiter Wagons expressed his excitement over Q1FY25 result, calling it «outstanding».
«Despite challenges from the general election and peak summer, we maintained a strong consolidated EBITDA margin of 15.5%. Our wagon business remains crucial, contributing 80% of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, Brake discs, Brake systems, and Containers,» Lohia said.
Lohia also said that the company's recent acquisition of Bonatrans has been
