Jupiter Wagons reported its Q2 after the market closed on Friday.

What Happened: Jupiter Wagons reported a 9.33% year-on-year increase in net profit to ₹89.73 crore. In the previous year, the company posted a net profit of ₹82.07 crore. The company’s revenue from operations gained 14.75% to ₹1009.03 crore from ₹879.29 crore in the previous year.

The company’s EBITDA was at ₹139.45 crore, increasing by 15.5% YoY with an EBITDA margin of 13.8%.

The railway company as of September 30, 2024, had an order book of ₹6,643.66 crore. In the quarter, the company’s subsidiary, Jupiter Electric Mobility acquired Log9’s railway and electric truck battery assets, enhancing its position in electric truck and railway battery solutions.

See Also: Ola Electric Q2: Net Loss Reduces To ₹495 Cr, Revenue Jumps 39%

Jupiter Wagons Limited had strategically rebranded its subsidiary Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited. The production capacity will be expanded from the current 20,000 forged wheels and axles per year to 1,00,000 forged wheelsets by setting up a new facility in Odisha, entailing an investment of approximately Rs. 2,500 crore, the company said.

Price Action: Shares of Jupiter Wagons fell 3.25% to ₹493.50 on Friday.

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