JWL Q4 FY26 Results: Revenue Down 12%, PAT Down 56% QoQ
Jupiter Wagons Limited reported Q4 FY26 consolidated revenue of ₹780 crore, down 12% QoQ, and PAT of ₹27 crore, down 56% QoQ. For FY26, consolidated revenue was ₹2,916 crore, down 26% YoY, with PAT at ₹166 crore, down 56% YoY. The order book stood at ₹4,675 crore as of March 31, 2026. The company highlighted efforts to mitigate external challenges and strategic growth initiatives across various business verticals.
The announcement details the financial performance of the company for the quarter and the full fiscal year, including key metrics like revenue, EBITDA, and PAT, which are material to investors. It also provides insights into the order book and strategic outlook, impacting investor sentiment and future expectations.
The company reported significant year-on-year and quarter-on-quarter declines in revenue, EBITDA, and PAT for both consolidated and standalone results in Q4 FY26 and for the full fiscal year 2026, indicating a negative financial performance trend.
Jupiter Wagons Limited (JWL) announced its financial results for the fourth quarter and full fiscal year 2026. For the fourth quarter ended March 31, 2026, consolidated revenue from operations stood at ₹780 crore, a decrease of 12% quarter-on-quarter. EBITDA for the quarter was ₹83 crore, down 28% QoQ, with an EBITDA margin of 11%. Profit After Tax (PAT) for Q4 FY26 was ₹27 crore, a decline of 56% QoQ, resulting in a PAT margin of 3.5%. Earnings Per Share (EPS) for the quarter was ₹0.67.
For the full fiscal year 2026, consolidated revenue was ₹2,916 crore, a decrease of 26% year-on-year. EBITDA for the 12M FY26 stood at ₹363 crore, down 37% YoY, with an EBITDA margin of 12.4%. PAT for the full year was ₹166 crore, a 56% decrease YoY, and the PAT margin was 5.7%. EPS for 12M FY26 was ₹4.02.
On a standalone basis, revenue from operations for Q4 FY26 was ₹645 crore, down 17% QoQ. Standalone EBITDA was ₹67 crore, down 28% QoQ, with an EBITDA margin of 10.4%. PAT for Q4 FY26 stood at ₹39 crore, a decrease of 33.8% QoQ, with a PAT margin of 6%. Standalone EPS for the quarter was ₹0.90.
For the full fiscal year 2026 on a standalone basis, revenue was ₹2,539 crore, a decrease of 34.4% YoY. EBITDA was ₹300 crore, down 45.3% YoY, with an EBITDA margin of 11.8%. PAT for 12M FY26 was ₹183 crore, a decrease of 51.1% YoY, with a PAT margin of 7.2%. Standalone EPS for 12M FY26 was ₹4.30.
The company reported an order book of ₹4,675 crore as of March 31, 2026. The MD highlighted external challenges faced by the rail freight ecosystem, including industry-wide shortage of wheelsets and disruptions in LPG availability. Despite these headwinds, the company noted a resilient performance due to its diversified business portfolio. The wheelset business delivered strong performance with a long-term supply agreement with Tatravagonka. Jupiter Electric Mobility (JEM) signed MoUs for BESS deployments and has set an ambitious revenue target for FY27. The container manufacturing business is expected to benefit from the PLI scheme. The company also announced passenger mobility as a strategic priority for FY27. Stone India Limited received RDSO approval for its freight brake system, achieving full backward integration.
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