Jupiter Wagons Q4 results: Net profit declines 72% YoY to ₹29 crore, EBITDA margin contracts

In the corresponding period of the preceding fiscal year, the company had logged a profit of ₹103.26 crore, according to a regulatory filing dated Saturday, May 30.

However, on a sequential basis, its net profit tumbled 54.23% quarter-on-quarter (QoQ) from ₹62.99 crore in the third quarter of FY26.

Its revenue from operations declined 25.3% YoY to ₹780.15 crore during the quarter under review, compared to ₹1,044.55 crore in the March quarter of the 2024-25 fiscal year (Q4 FY25). In the quarter-ago period, it recorded a revenue of ₹890.36 crore, down 12.4% QoQ.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹83.3 crore in Q4 FY26, reflecting a 45.5% YoY and 28.1% QoQ decline from ₹152.7 crore in the year-ago period and ₹115.9 crore in the previous quarter, respectively.

Its EBITDA margin contracted by 390 basis points (bps) YoY to 10.7% in the reporting quarter, down from 14.6% in the March FY25 quarter. It fell by 230 bps QoQ from 13% in the December quarter of FY26.

Its order book stood at ₹4,675 crore as of March 31, 2026, providing “healthy revenue visibility for the coming year”. Furthermore, during FY26, the firm witnessed healthy growth in its container sales.

What the MD said

Commenting on the performance, Vivek Lohia, Managing Director of Jupiter Wagons Ltd., said: “FY26 was a year marked by significant external challenges for the rail freight ecosystem. In the first half of the year, an industry-wide shortage of wheelsets constrained wagon production across the sector, impacting execution and limiting volume growth. As these supply-side constraints gradually eased, manufacturing operations faced a fresh challenge in Q4, with disruptions in LPG availability arising from geopolitical tensions affecting global energy supply chains.”

He further stated that despite the headwinds, Jupiter Wagons delivered a resilient performance. The strength of its diversified business portfolio enabled it to mitigate the impact of disruptions in the wagon segment, with several other business verticals delivering strong growth and operational performance throughout the year.

“Taken together, the breadth of our portfolio, the depth of our global partnerships, and the investments we have made in manufacturing infrastructure give me strong confidence in the company’s trajectory. We enter FY27 with clear strategic intent, growing momentum across every vertical, and the firm conviction that the best of Jupiter Wagons is ahead of us,” Lohia further noted.

Shares of Jupiter Wagons closed 2.60% lower at ₹290.75 apiece on the National Stock Exchange (NSE) on Friday, May 29. However, the results were announced on Saturday.

Jupiter Wagons has a total market capitalisation of ₹12,376.65 crore as of May 31, 2026, according to data on the NSE.