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Jupiter Wagons saw Q3 FY26 consolidated revenue climb 13% QoQ to ₹890 Cr, with PAT jumping 38% QoQ to ₹62 Cr, boosted by better wheelset supply. However, for 9M FY26, consolidated revenue was ₹2,135 Cr, with PAT at ₹139 Cr, showing a YoY decline.
The company is addressing supply chain gaps with its Odisha railwheel facility, expected to start production by year-end, ensuring stable wheelset availability. They're also exploring the passenger segment and global export opportunities for components. The Battery Energy Storage Systems (BESS) business is gaining traction with increased manufacturing capacity.
Jupiter Wagons maintains a robust order book of ₹5,041 Cr. Promoter stake increased to 68.31%, and a new cell-to-battery manufacturing line for Jupiter Electric Mobility was commissioned. Q3 FY26 EPS was ₹1.32, with 9M FY26 EPS at ₹3.41. EBITDA margins were 13% for Q3 and 13.1% for 9M.
Management is confident in long-term growth despite current wheelset supply hurdles, citing a healthy order book, supportive government policies, diverse business, and strategic capacity expansions. They are also advancing plans to enter the passenger rolling stock segment.