Jupiter Wagons Q3 FY26: Revenue ₹900 Cr, PAT ₹62 Cr; Order Book ₹5,041 Cr
Jupiter Wagons reported Q3 FY26 consolidated revenue of ₹890 crore, up 13% QoQ, and PAT of ₹62 crore, up 36% QoQ. The order book stands at ₹5,041 crore. Key developments include progress on the Odisha railwheel facility and the commissioning of a new battery manufacturing line.
The results show sequential improvement and a strong order book, which are positive indicators. However, the company also mentioned ongoing industry headwinds and supply chain constraints, which temper the immediate impact. The appointment of a new director and progress in subsidiaries are also noted.
The company reported sequential growth in revenue and profit, a strong order book, and positive developments in its subsidiaries, indicating a healthy business performance and outlook.
Jupiter Wagons Limited announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported consolidated revenue from operations for Q3 FY26 at ₹890 crore, a 13% increase quarter-on-quarter. Consolidated EBITDA for the quarter stood at ₹116 crore, up 11% QoQ, with an EBITDA margin of 13%. Consolidated Profit After Tax (PAT) for Q3 FY26 was ₹62 crore, a 36% increase QoQ, with a PAT margin of 7%.
For the nine months ended December 2025, consolidated revenues were ₹2,136 crore, with EBITDA of ₹279 crore and Profit After Tax of ₹139 crore. The company's order book as of December 31, 2025, stood at ₹5,041 crore.
Key developments include the appointment of Mr. Mark Damian Stevenson as an Additional Director and the allotment of equity shares on December 19, 2025, pursuant to the conversion of warrants by promoter entity TATRAVAGONKA A.S., which resulted in a slight increase in promoter shareholding.
Jupiter Electric Mobility has successfully supplied auxiliary battery systems for Vande Bharat trains and secured new customers. A cell-to-battery manufacturing line has been commissioned in Indore, and modular Battery Energy Storage Systems (BESS) have been developed.
The Odisha Greenfield project for Jupiter Tatravagonka Railwheel Factory Private Limited is progressing as planned, with production expected to commence by the end of the year. The company has also secured a healthy order book for wheelsets and axle supply.
Managing Director, Mr. Vivek Lohia, commented on the results, highlighting sequential growth and operational resilience despite industry headwinds and supply chain constraints in wheelsets. He noted the supportive policy environment, including the Union Budget's freight corridor announcement and the railway ministry's procurement estimates. The company is also exploring export opportunities and preparing to enter the passenger rolling stock segment with a European partner.
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