Jupiter Wagons share price jumps 1% on two major announcements; check details

Jupiter Wagons has received a Letter of Acceptance (LoA) from Ambuja Cements and ACC, which are Adani Cement group companies, for the manufacture and supply of BCFCM RAKES WAGON WITH BVCM WAGON with an order value of around Rs 600 crore.

In addition, the company also announced a new update for its subsidiary in the e-mobility space. Jupiter Electric Mobility Private Limited (“JEM”),a subsidiary of Jupiter Wagons Limite,d strengthens its EV ecosystem to grow its eLCV business.

JEM launched its app, JEM Saathi, through which JEM creates a single app for its customers, providing vehicle service communications, local business discovery as well as a strong Charging Infrastructure. In partnership with Bengaluru Headquartered Pulse Energy, JEM launches JEM Saathi with 1300+ Fast Chargers on JEM Saathi readily available for its customers.

Revenue zoomed 11.63% to ₹1000 crore for the quarter that ended December 2024, compared to ₹895.8 crore during the corresponding quarter last year. Profit stood at ₹97 crore, compared to ₹83.3 crore in the corresponding previous quarter, jumping 17.35% YoY. The company reported a good operating profit of ₹151.1 crore, compared to ₹129.7 crore in the corresponding previous quarter.

Jupiter Wagons is a leading company providing complete mobility solutions with a rich legacy of over four decades.