Jupiter Wagons Q2 FY27 Revenue Up 15% QoQ to ₹772 Cr; PAT ₹46 Cr
Jupiter Wagons Limited reported Q2 FY27 consolidated revenue of ₹772 Cr, up 15% QoQ. EBITDA rose 45% QoQ to ₹94 Cr, and PAT increased 76% QoQ to ₹46 Cr. H1 FY27 revenue was ₹1,443 Cr, up 16% YoY. The company secured significant orders and expanded into passenger rolling stock and energy storage.
The announcement details significant financial performance improvements, substantial new order wins, strategic partnerships, and entry into new business segments, all of which are material to the company's future prospects.
The company reported strong year-on-year and quarter-on-quarter growth in revenue, EBITDA, and PAT. Key strategic initiatives and order wins further bolster positive sentiment.
Jupiter Wagons Limited (JWL) announced its financial results for the second quarter and half-year ended September 30, 2026. The company reported a consolidated revenue from operations of ₹772 Crore for Q2 FY27, marking a 15% increase quarter-on-quarter (QoQ). EBITDA for the quarter stood at ₹94 Crore, up 45% QoQ, with an improved EBITDA margin of 12.2% compared to 9.7% in Q1 FY27. Profit After Tax (PAT) for Q2 FY27 was ₹46 Crore, a significant 76% increase QoQ, resulting in an Earnings Per Share (EPS) of ₹1.12.
For the half-year ended September 30, 2027 (H1 FY27), consolidated revenue grew by 16% year-on-year (YoY) to ₹1,443 Crore. EBITDA for H1 FY27 was ₹159 Crore, and PAT was ₹72 Crore, with an EPS of ₹1.78.
Standalone results for Q1 FY27 (the provided content focuses on Q1 FY27 standalone results in the context of Q2 FY27 results) showed revenue of ₹673 Crore, up 9% QoQ, and PAT of ₹53 Crore, up 41% QoQ. For H1 FY27 standalone, revenue was ₹1,292 Crore, up 16% YoY, and PAT was ₹92 Crore, up 7% YoY.
Key operational highlights include strategic entry into the Railway Passenger Segment with the incorporation of Jupiter Rail Mobility Private Limited (JRMPL) and an MoU with Poland-based PESA. The company secured orders worth ₹1,140 Crore from the Ministry of Railways for wagons and over ₹450 Crore from GATX India, Chetak International, and Balmer Lawrie. Jupiter Wagons also incorporated Jupiter Green Power Solutions Private Limited to enter the energy and power sector.
A significant development in the subsidiaries is the strategic partnership with Lucchini RS (Italy) for railwheel manufacturing, with Lucchini and SIMEST infusing approximately ₹290 Crore for a 25% stake in Jupiter Tatravagonka Railwheel Factory (JTRWF). Stone India received RDSO approval for its Freight Brake System and commenced commercial production in July 2026.
Mr. Vivek Lohia, Managing Director, expressed satisfaction with the resilient performance, diversification initiatives, and improved margins. He highlighted the strong order inflows and the company's progress in scaling new business lines to become a diversified mobility and engineering solutions provider. The energy storage business has a BESS order book exceeding 500 MWh, valued at over ₹500 Crore, with a target of ₹1,000 Crore by FY27.
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