Jupiter Wagons Limited — Investor Meet, 23-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jupiter Wagons reported FY25 standalone revenue of Rs.3,905 Cr, up 6.6% YoY, with EBITDA of Rs.548 Cr (+11.6%) and a 14.2% margin. Consolidated revenue rose 9.3% to Rs.4,008 Cr, EBITDA margin improved to 14.6%, and PAT increased 15% to Rs.380 Cr. Growth is driven by the JEM Tez eLCV launch, a new EV plant (8,000 units capacity), and battery system ramp-up. The Rs.3,500 Cr Odisha rail wheel and axle facility is on track for FY27 commissioning, targeting Rs.3,000 Cr revenue by FY29 with >20% margins. FY26 wagon production is guided at ~10,000 units, limited by wheel set availability expected to normalize by mid-June. Brake and wheel set revenues are poised to double. EBITDA margins should stay stable or improve as new segments grow. Focus remains on mobility, sustainable energy, and infrastructure with confident execution.