Jupiter Wagons Q1 FY27: Revenue ₹671 Cr (+46% YoY), PAT ₹26 Cr (-16% YoY). New Orders ₹475 Cr.
Jupiter Wagons reported Q1 FY27 consolidated revenue of ₹671 Cr (+46% YoY) and PAT of ₹26 Cr (-16% YoY). Standalone revenue was ₹619 Cr (+51% YoY) with PAT at ₹38 Cr (+16% YoY). The company secured new orders worth ₹475 Cr. A strategic partnership with Lucchini RS for railwheel manufacturing involves a ₹290 Cr investment.
The substantial revenue growth, significant new order wins, and the strategic partnership for railwheel manufacturing, including foreign investment, are material developments that are expected to have a significant impact on the company's future performance and market position.
The company reported significant year-on-year revenue growth, secured substantial new orders, and announced a key strategic partnership for railwheel manufacturing with a significant investment. Despite a year-on-year dip in PAT, the overall operational and strategic developments are positive.
Jupiter Wagons Limited announced its financial results for the first quarter of FY2027, ending June 30, 2026. The company reported consolidated revenue from operations of ₹671 Crore, marking a significant year-on-year increase of 46% compared to ₹459 Crore in Q1 FY2026. Consolidated EBITDA for the quarter stood at ₹65 Crore, with an EBITDA margin of 10%. Profit After Tax (PAT) for Q1 FY2027 was ₹26 Crore, a decrease of 16% from ₹31 Crore in the same period last year. The Earnings Per Share (EPS) was ₹0.66 for the quarter.
On a standalone basis, revenue from operations for Q1 FY2027 was ₹619 Crore, up 51% year-on-year from ₹411 Crore in Q1 FY2026. Standalone EBITDA was ₹66 Crore, an increase of 30% year-on-year, with an EBITDA margin of 10.6%. Standalone PAT stood at ₹38 Crore, an increase of 16% year-on-year, with a PAT margin of 6.1%. The standalone EPS was ₹0.90.
The company's order book as of June 30, 2026, was ₹4,550 Crore, providing strong revenue visibility. Jupiter Wagons secured new orders worth over ₹264 Crore from JSW (South) Rail Logistics and Central Warehousing Corporation, and additional orders worth over ₹211 Crore from JSW Port Logistics and Orissa Alloy Steel Private Limited. These orders include 7 BOSM rakes with 329 wagons and 150 wagons.
In its energy storage business (JEM Energy), the company secured 100 MW/400 MWh of standalone Battery Energy Storage System (BESS) projects in West Bengal, with an estimated project value of ₹400 Crore under a 15-year Build-Own-Operate model. This brings JEM Energy's BESS order book to over 500 MWh, valued at more than ₹500 Crore.
Jupiter Wagons also entered into a strategic partnership with Italy's Lucchini RS to establish India's first integrated private-sector railwheel manufacturing platform. As part of this partnership, Lucchini and SIMEST will invest approximately ₹290 Crore for a combined 25% stake in the subsidiary, Jupiter Tatravagonka Railwheel Factory (JTRWF). JTRWF is set to commence partial production by the end of FY27 and full commissioning by the end of FY28.
Additionally, the company appointed Ms. Ranjini Roy and Ms. Siddhi Singhania as Additional Non-Executive Independent Directors. Stone India Limited, a subsidiary, received RDSO approval for its Freight Brake System and commenced commercial production in July 2026.
Commenting on the results, Mr. Vivek Lohia, Managing Director, highlighted the strong start to FY27, the strategic partnership with Lucchini RS, and significant progress in the energy storage business. He expressed confidence in the company's long-term growth strategy and its position to create value for stakeholders.
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