Jupiter Wagons Q1 FY27: Revenue surges 46% to ₹671 crore; strategic partnership in railwheels
Jupiter Wagons' Q1 FY27 consolidated revenue rose 46% YoY to ₹671 crore. EBITDA was ₹65 crore. The company secured new orders worth ₹475 crore. A strategic partnership with Lucchini RS and SIMEST involves a ₹290 crore investment for a 25% stake in JTRWF. JEM's BESS order book reached ₹500 crore.
The substantial revenue growth, new order wins, and the strategic partnership in the railwheel segment are significant developments that are expected to have a material impact on the company's future performance and market position.
The company reported strong year-on-year revenue growth, secured significant new orders, and announced a strategic partnership with a prominent international player, all of which are positive indicators for future growth.
Jupiter Wagons Limited (JWL) reported a strong performance for the first quarter of FY27, with consolidated revenue from operations increasing by 46% year-on-year to ₹671 crore. EBITDA grew by 9% to ₹65 crore, resulting in an EBITDA margin of approximately 10%. Profit after tax stood at ₹26 crore, with a PAT margin of 4%.
The company secured new orders worth ₹264 crore from JSW Rail Logistics and the Central Warehousing Corporation, along with additional orders worth ₹211 crore from JSW Port Logistics and Orissa Alloy Steel Private Limited. A key strategic development was the acquisition of the remaining 1.94% stake in Jupiter Tatravagonka Railwheel Factory (JTRWF), bringing JWL's ownership to 100%.
Furthermore, JWL entered into a strategic partnership with Lucchini RS of Italy and SIMEST, where they will acquire a combined 25% stake in JTRWF for approximately ₹290 crore. This partnership aims to establish India's first fully integrated private sector railwheel manufacturing platform, bringing world-class technology and global market access.
In the Jupiter Electric Mobility (JEM) segment, the company secured 110 MW of BESS orders for FY27 and, post-quarter, emerged as a successful bidder for two standalone BESS projects in West Bengal with a combined capacity of 500 MW, valued at over ₹500 crore. JEM targets a BESS order book of approximately ₹1,000 crore by FY27.
Stone India received RDSO approval for its freight brake systems, with commercial production commencing in July 2026, expanding JWL's railway safety product portfolio.
The company's order book breakdown includes approximately ₹3,000 crore for railway wagons, around ₹700 crore for wheelsets, ₹500 crore for commercial vehicle segments, and ₹500 crore for BESS. JWL expects to execute 60-70% of its current order book in FY27.
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