Jupiter Wagons Limited — Investor Meet, 04-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Jupiter Wagons (JWL) reported FY26 consolidated income of INR2,961 crore and PAT of INR166 crore, impacted by Q4 supply chain issues. The company holds a robust INR4,675 crore order book. Key developments include the wheelset business exceeding INR500 crore revenue, progress on the Odisha wheelset project (partial production by Q4 FY27), and Stone India's RDSO approval for freight brake systems. JWL is expanding into passenger mobility via a strategic partnership and targets INR1,000 crore revenue from Battery Energy Storage Systems (BESS) in 3-4 years. Management is optimistic about FY27, foreseeing improved performance and long-term growth, aiming for INR10,000 crore revenue by 2030 with 15% EBITDA margins, driven by strong government focus on rail infrastructure.