Jupiter Wagons Ltd

Jupiter Electric Mobility (JEM), the electric vehicle arm of Jupiter Wagons, signed an MOU with Pickkup, a fast-growing Delhi-based logistics platform specialising in sustainable intra-city and intercity deliveries. Congruent with India's vision for clean mobility and committed to the Government of India's PM e-DRIVE scheme, the tie-up signifies a strategic leap towards promoting electric vehicle usage in the logistics industry. The partnership aims to deploy 300 units of JEM TEZ, JEM's top-of-the-line electric light commercial vehicle, in Pickkup's growing EV fleet by the end of this year. The collaboration kicks off with the successful delivery of the first batch of JEM TEZ vehicles under the MoU, following extensive pilot runs that showcased the exceptional capability of delivering real-world performance, range reliability, and operational efficiency across both intra-city and inter-city routes. The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh.Powered by Capital Market - Live

Jupiter Wagons announced that the Board of Directors of the Company at its meeting held on 26 May 2025, inter alia, have recommended the interim dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 26 May 2025.Powered by Capital Market - Live

Net profit of Jupiter Wagons declined 1.83% to Rs 103.26 crore in the quarter ended March 2025 as against Rs 105.18 crore during the previous quarter ended March 2024. Sales declined 6.35% to Rs 1044.55 crore in the quarter ended March 2025 as against Rs 1115.41 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.29% to Rs 382.26 crore in the year ended March 2025 as against Rs 331.56 crore during the previous year ended March 2024. Sales rose 8.77% to Rs 3963.28 crore in the year ended March 2025 as against Rs 3643.73 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1044.551115.41 -6 3963.283643.73 9 OPM %14.0813.07 -14.2713.35 - PBDT142.36146.59 -3 549.54470.07 17 PBT127.47138.96 -8 495.90441.91 12 NP103.26105.18 -2 382.26331.56 15 Powered by Capital Market - Live

Jupiter Wagons has revised the meeting of the Board of Directors which was scheduled to be held on 15 May 2025. The meeting will now be held on 19 May 2025.Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

The unrest has led to a partial disruption in production at the facility. In a regulatory filing dated April 22, 2025, the company stated that production at the plant has been affected for the past 15'20 days due to unavoidable circumstances. Despite the disruption, the company emphasized that the incident has no material impact on its overall operations. The company also confirmed that discussions are ongoing with the relevant trade unions to reach an amicable resolution. Management expressed confidence in its ability to mitigate any financial or operational impact within the current financial year. Jupiter Wagons is engaged in the business of manufacturing railway wagons, wagon components, castings, and metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components with manufacturing facilities at Hooghly (WB), Jabalpur (MP), Indore (MP), and Jamshedpur (Jharkhand). The company's consolidated net profit rose 19.51% to Rs 97.34 crore on a 14.96% increase in sales to Rs 1,029.83 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live

 Jupiter Tatravagonka Railwheel Factory (JTRF), a subsidiary of Jupiter Wagons, has successfully secured land in Haldiapada, Khordha, Odisha, for its upcoming Railwheel & Axle forging plant. This marks a major milestone in the company's expansion plans, reinforcing Odisha's position as a strategic hub for high-tech industrial manufacturing. Notably, JTRF is the first railway heavy engineering industry in Odisha in the private sector. Jupiter Tatravagonka plans to invest Rs 2,500 crore in phases over the next few years to develop this state-of-the-art facility. The plant is expected to produce 100,000 forged wheelsets annually and will cater to both domestic and international markets, with nearly 50% of production earmarked for exports, primarily to Tatravagonka A.S., a leading Slovakian rail infrastructure company, and other European firms.Powered by Capital Market - Live

This order further strengthens Jupiter's position as a leading domestic manufacturer of high-performance railway wheelsets, contributing to India's growing need for self-reliant and advanced mobility solutions. The company is setting up a world-class production facility in Odisha, which will increase its capacity from the current 20,000 forged wheels and axles annually to an impressive 1,00,000 forged wheelsets per year. The expansion is backed by a Rs 2,500 crore investment, aligning with India's vision to bolster domestic manufacturing and reduce reliance on imports. Jupiter's total order book now stands at Rs 560 crore, reflecting the company's growing influence in the railway infrastructure sector. The company is targeting Rs 600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities. Vivek Lohia, managing director of Jupiter Wagons, said, 'This order from Braithwait & Co. underscores the trust in Jupiter Tatravagonka Railwheel Factory's manufacturing excellence and our ability to meet the evolving demands of India's railway sector. With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale. Our Odisha facility will be a game-changer in this space, ensuring India's self-sufficiency in wheelset manufacturing while also positioning us as a global supplier. This milestone aligns with our commitment to strengthening the railway supply chain, reducing import dependency, and driving innovation in railway mobility solutions.' Jupiter Wagons is engaged in the business of manufacturing railway wagons, wagon components, castings, and metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components with manufacturing facilities at Hooghly (WB), Jabalpur (MP), Indore (MP), and Jamshedpur (Jharkhand). The company's consolidated net profit rose 19.51% to Rs 97.34 crore on a 14.96% increase in sales to Rs 1,029.83 crore in Q3 FY25 as compared with Q3 FY24. Shares of Jupiter Wagons fell 2% to Rs 301.45 on the BSE.Powered by Capital Market - Live

Jupiter Tatravagonka Railwheel Factory, the specialized wheelset manufacturing arm of Jupiter Wagons (JWL), has been awarded a prestigious contract worth Rs 255 crore from Braithwait The Company's total order book now stands at Rs 560 crore, reflecting the company's growing influence in the railway infrastructure sector. As part of its strategic expansion plans, Jupiter is targeting Rs 600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities. To support this vision, Jupiter is executing a major expansion of its manufacturing capabilities. The company is setting up a world-class production facility in Odisha, which will increase its capacity from the current 20,000 forged wheels and axles annually to an impressive 1,00,000 forged wheelsets per year. The expansion is backed by a Rs 2,500 crore investment, aligning with India's vision to bolster domestic manufacturing and reduce reliance on imports. The project is progressing as per the planned timeline, with the Commercial Operation Date (COD) for axle production expected by December 2026, while the complete wheel and axle production unit is targeted for completion by December 2027. Powered by Capital Market - Live