Jupiter Wagons shares drop nearly 5% after profit slumps in December quarter

Shares of Jupiter Wagons, the country's leading maker of railway freight wagons, dropped as much as 4.19% to hit an intraday low of ₹297.25 on the National Stock Exchange (NSE) on Thursday, February 12 a day after it reported December quarter earnings. On the BSE, Jupiter Wagon shares declined as much as 4.68% to hit an intraday low of ₹296.15.

Jupiter Wagons post market hours on Wednesday informed exchanges that its net profit in October-December period fell 35% to ₹63 crore from ₹97 crore in the same period last year.

The Kolkata-based company's revenue from operations fell 13.5% to ₹890 crore in the third quarter of current financial year from ₹1,030 crore in the year-ago period.

Jupiter Wagons reported weak operational performance as its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dropped 22% to ₹116 crore and its EBITDA margin contracted by 140 basis points to 13.02%.

The company's total order book at the end of December quarter stood at ₹5,041 crore.

“The company has successfully implemented supply of auxiliary battery systems for Vande Bharat trains and has secured marquee customers across material handling and specialised equipment segments, reflecting strong market validation and rapid execution,” Jupiter Wagons said in a press release.

“During Q3 FY26, the Company witnessed further improvement in performance with consolidated revenues of ₹890 crore, representing a sequential growth of 13% quarter-on-quarter compared to Q2 and Consolidated EBITDA increasing by 11% QoQ to ₹116 crore, reflecting stable execution and operational resilience despite ongoing industry headwinds,” said Vivek Lohia, Managing Director of Jupiter Wagons.

“On the supply side, while wheelset supply has improved from its peak shortage in first few months of the year, Industry continues to face constraints in wheelsets supply chain affecting wagon production and dispatch cycles which is expected to continue for next few quarters till the time our integrated wheelsets plant commences operation, which is expected by end of year, thereby helping in securing steady supply and production levels. Despite these near-term challenges, Jupiter continues to maintain healthy order books, especially from private customers, underlining strong customer confidence,” he added.

As of 11:02 am, Jupiter Wagons shares traded 3.82% lower at ₹298, underperforming the NIFTY Smallcap 100 index which was down nearly 1%.