Jupiter Wagons Q3 Results: Net profit falls 35% to ₹63 crore as revenue declines

Mobility solutions provider Jupiter Wagons Ltd on Wednesday (February 11) reported a net profit of ₹63 crore for the third quarter, down 35.2% from ₹97.3 crore in the year-ago period.Revenue for the quarter declined 13.5% to ₹890 crore, compared with ₹1,029.8 crore in the corresponding period last year.

Also Read: Jupiter Wagons Q2 Results: Net profit halves, margins narrow; stock volatile

EBITDA fell 22.1% to ₹115.5 crore, down from ₹148.2 crore in the same quarter last year. The company’s EBITDA margin stood at 13% for the quarter, compared with 14.4% in the year-ago period.

Last year, Jupiter Wagons said it had bagged a ₹ 242.41 order from GATX India to manufacture and supply 583 specialised wagons. This contract entails the manufacturing of a combination of BLSS, ACT2, BOXNHL, along with BVCM wagons, purpose-built for the efficient transport of bulk commodities, passenger vehicles (SUVs) and containerised freight, the company said.

Jupiter Wagons is a provider of mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coach Accessories, Braking Systems, Commercial Vehicles, ISO Marine Containers, and products like Couplers, Draft Gears, Bogies, CMS Crossings, Brake Disc, Brake Systems, Wheels, Axles and Wheelsets.

Also Read: Jupiter Wagons bags ₹113 crore FIAT axle order from railways ministry

Shares of Jupiter Wagons Ltd ended at ₹310.70, down by ₹1.45, or 0.46%, on the BSE.