Jupiter Wagons , a prominent player in the Indian railway equipment manufacturing sector, has unveiled ambitious growth projections for its various business segments, signaling a strong outlook for the company's future.

Wheel Set Business Set for Significant Expansion

The company has announced expectations for its wheel set revenue to reach Rs 550.00 crore in the current fiscal year. More impressively, Jupiter Wagons projects this figure to nearly double to Rs 1,000.00 crore in the next financial year, highlighting the rapid growth anticipated in this segment.

Long-Term Vision for Wheel and EV Businesses

Looking further ahead, Jupiter Wagons has set its sights on substantial growth in its wheel and electric vehicle (EV) segments:

• Wheel Business: The company forecasts revenues of Rs 2,000.00-3,000.00 crore for FY27-28.
• Battery/EV Business: Projections indicate revenues of Rs 500.00-1,000.00 crore for the same period.

These projections underscore Jupiter Wagons' commitment to diversifying its revenue streams and capitalizing on the growing demand in both traditional and emerging sectors.

Reaffirming Near-Term Growth Despite Q1 Challenges

Despite facing challenges in the first quarter, Jupiter Wagons remains optimistic about its near-term performance. The company has reaffirmed its guidance for the fiscal year 2026:

• Revenue Growth: Expected to be in the range of 10-15%
• EBITDA Margins: Projected to be between 14-15%

This reaffirmation suggests that the company is confident in its ability to navigate short-term hurdles and maintain its growth trajectory.

Ambitious Revenue Target for FY28

Jupiter Wagons has set an ambitious target for its overall revenue by FY28, coinciding with the operationalization of its Orissa plant. The company aims to achieve a total revenue in the range of Rs 8,000.00-10,000.00 crore by this period, marking a significant leap from its current financial performance.

Conclusion

Jupiter Wagons' forward-looking projections paint a picture of a company poised for substantial growth across multiple business segments. From the near-doubling of its wheel set revenue to the long-term expansion of its wheel and EV businesses, the company appears to be positioning itself as a major player in India's evolving transportation and manufacturing landscape. As the company works towards its ambitious FY28 revenue target, investors and industry observers will be keenly watching Jupiter Wagons' progress in achieving these goals.

Jupiter Wagons Limited , a prominent player in the metal fabrication industry, has reported a significant decline in its financial performance for Q1, primarily due to supply chain issues.

Financial Performance

Jupiter Wagons reported consolidated revenue of ₹459.30 crore for Q1, marking a 47.8% year-on-year decline. The company attributed this drop to a shortage of wheel sets from Railway Wheel Factory, Indian Railways, particularly affecting 25 Ton Axle load wagons which comprise the majority of the company's order book.

The company's EBITDA fell by 56.2% to ₹59.80 crore, with margins contracting to 13.0% from 15.5% in the previous year. Net profit saw a substantial decrease of 66.2%, falling to ₹31.10 crore, resulting in earnings per share of ₹0.77.

Despite the challenging quarter, Jupiter Wagons maintains a robust order book of ₹5,972.00 crore as of June 30.

Strategic Developments

Jupiter Electric Mobility, a division of the company, has made significant strides in the electric vehicle market:

• Opened its first showroom in Bengaluru
• Signed an MoU with Pickkup to deploy 300 electric vehicles

In a major industrial development, the company has acquired land in Odisha for India's first private rail wheel and axle forging plant. This project involves a planned investment of ₹2,500.00 crore in phases and is expected to begin operations by 2027.

Credit Rating Upgrade

Despite the challenging quarter, Jupiter Wagons received an upgraded long-term credit rating of ACUITE AA with a stable outlook, reflecting the company's strong financial position and future prospects.

Looking Ahead

While the current quarter has been impacted by supply chain issues, Jupiter Wagons' strong order book and strategic investments in electric mobility and rail infrastructure suggest a positive long-term outlook for the company. The management will likely focus on addressing the supply chain challenges and leveraging its new initiatives to drive growth in the coming quarters.