Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Jupiter Wagons Earnings Call Transcript: Key Takeaways

Jupiter Wagons delivers strong YoY revenue growth but sequential wagon volumes dipped due to a transition to new private sector designs. Management is pivotally expanding into high-margin wheelsets and BESS to reduce dependency on Indian Railways.

Guidance and delivery
Management target Revenue 60.0% FY27
Highlights
Revenue growth46% YoY growth; sequential dip due to product mix transition.
MarginsEBITDA margin at 10%; expected to rise as wheelsets/brakes scale.
Order book₹4,450 Cr total; wagon share remains dominant at ₹3,000 Cr.
Demand visibilityStrong private demand; waiting on large Indian Railways wagon tender.
Management confidenceHigh; aggressive on diversification into wheelsets and energy storage.

Growth

Revenue rose 46% YoY to ₹671 Cr; growth is becoming increasingly non-railway and private sector-led.

Outlook

Targeting ₹1,000 Cr BESS order book and 100,000 wheelset capacity by FY28.

Risks

Sequential wagon volume drop (1,141 vs 1,347 units) masks execution friction during design transitions.

Last quarter's promises, checked

Delivered

  • Commercial production of brake systems by July 2026 → Started (= BEAT)
  • Double container revenue in FY27 → On track with PLI tailwinds (= BEAT)
  • Wheelset revenue >₹500 Cr in FY26 → Delivered ₹528 Cr (= BEAT)

Partly delivered

  • Maintain wagon execution momentum → Sequential volumes dipped 15% due to design transition (= PARTIAL)
  • Targeting 15% EBITDA margin long-term → Currently at 10-12.4% range (= PARTIAL)

Missed

  • Interim wheelset operations 2 quarters early → Delayed by global supply chain (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: JWL. Summary written with AI assistance from the document.

Read the document ↗

Jupiter Wagons Ltd: key numbers

Share price
₹226.73
Market cap
₹9,690 Cr
Revenue (annual)
₹2,916 Cr
Net profit (annual)
₹171.1 Cr
P/E (TTM)
58.1×Sector 33.6×
Promoter holding
68.31%+0.00% QoQ
FII holding
3.47%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Jupiter Wagons Ltd

All →
16:56 IST NSE
Merger & Restructuring

Jupiter Wagons Merger & Restructuring

Jupiter Wagons Limited has incorporated a new subsidiary named Jupiter Rail Mobility Private Limited to operate within the railway and engineering industry.

13:32 IST BSE
New Order Win

Jupiter Wagons Bags ₹97.66 Cr Order from GATX India Private Limited

Jupiter Wagons secured a Rs.97.66 Crore wagon order from GATX India for BFNS22.9 rakes. The deal strengthens its private wagon leasing footprint.

Value
₹97.66 Cr
From
GATX India Private Limited
15:23 IST NSE
Other Announcement

Jupiter Wagons Other Announcement

Jupiter Wagons Limited informed shareholders about accessing the FY 2025-26 Annual Report and 46th AGM notice via web links.

13:05 IST BSE
Annual Report

Jupiter Wagons Annual Report

Jupiter Wagons Limited has submitted its Annual Report for the financial year 2025-2026. The document includes the notice convening the 46th Annual General Meeting.

12:54 IST NSE
Annual General Meeting

Jupiter Wagons Annual General Meeting

Jupiter Wagons Limited has issued a notice for its 46th Annual General Meeting, scheduled to be held on September 29, 2026.