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Jupiter Wagons (JWL) delivered strong Q2 FY26 consolidated performance with revenue at ₹786 Cr, a 71% quarter-on-quarter (QoQ) increase, primarily due to improved wheelset supply. EBITDA jumped 73% QoQ to ₹104 Cr (13.2% margin), while Profit After Tax (PAT) grew 46% QoQ to ₹45 Cr (5.8% margin), with an EPS of ₹1.10.
Growth is driven by strategic initiatives including Jupiter Electric Mobility's (JEM) expansion, marked by the launch of modular Battery Energy Storage Systems (BESS) and the opening of six new dealerships for its JEM TEZ electric light commercial vehicle (eLCV). The company is also making significant investments of ₹2,500 Cr in its Odisha Wheel & Axle Facility, aiming to produce 100,000 forged wheelsets annually by 2027 under the 'Make in India' vision.
Recent achievements include securing a ₹113 Cr order for 9,000 LHB Axles and a ₹215 Cr Letter of Intent for 5,376 Vande Bharat wheelsets. This bolsters JWL's robust order book, standing at ₹5,538 Cr as of September 30, 2025. Management anticipates smoother operations as supply chain issues are resolved, emphasizing disciplined growth, innovation, and execution going forward.