Jupiter Wagons Ltd

Jupiter Wagons Limited informed the BSE Limited and National Stock Exchange of India Limited that it has submitted a statement of deviation or variation in the utilization of funds raised through a qualified institutions placement on December 4, 2023, amounting to Rs 403.41 crore (net proceeds of Rs 394.18 crore) for the quarter ended June 30, 2026, noting no deviation or variation in the use of funds, with Care Ratings Limited serving as the monitoring agency.

Jupiter Wagons Limited will hold a board meeting on August 14, 2026, via video conference to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for securities of the company remains closed for designated persons and their immediate relatives until 48 hours after the declaration of the financial results, following a previous intimation dated June 24, 2026.

Jupiter Wagons Limited announced a strategic partnership with Lucchini RS Holding S.p.A. and SIMEST S.p.A. to establish India's first fully integrated private-sector railwheel manufacturing platform. Lucchini RS will acquire a 15% equity stake in Jupiter Tatravagonka Railwheel Factory Private Limited (JTRWF), while SIMEST will acquire an additional 10% stake, representing a combined consideration of approximately €28 million, backed by the Government of Italy through the Sistema Italia framework. The partnership combines Jupiter Wagons' manufacturing capabilities with Lucchini RS's railwheel technology expertise to serve the Indian railway market and build a robust export platform.

The company has signed a Letter of Intent (LoI) with JSW (South) Rail Logistics for the manufacture and supply of five BFNSM1 rakes along with BVCM wagons. The contract, valued at Rs 122.88 crore, is scheduled for execution within seven months from the date of signing. In addition, Jupiter Wagons will supply two BFNV wagons to JSW under an earlier requirement. Separately, Central Warehousing Corporation, a Government of India enterprise, has awarded the company a contract worth Rs 141.44 crore for the manufacture and supply of eight BLSS rakes comprising 32 BLSS-A wagons, 352 BLSS-B wagons and eight brake vans. The order is expected to be completed within one year from the date of the Letter of Award (LoA). Together, the two orders have a cumulative value of approximately Rs 264.32 crore and further strengthen Jupiter Wagons' order book while underscoring the growing demand for modern freight transportation solutions across industrial and logistics sectors. Vivek Lohia, managing director, Jupiter Wagons, said: These order wins from JSW (South) Rail Logistics and Central Warehousing Corporation further strengthen our growth momentum and reflect the continued confidence of leading logistics and infrastructure organisations in Jupiter Wagons' manufacturing capabilities and execution excellence. As India continues to invest in rail-led logistics, multimodal connectivity and freight infrastructure, we see sustained opportunities across both public and private sector customers. The demand for efficient, specialised and high-capacity rolling stock continues to grow. We are committed to supporting this transition through advanced wagon solutions that enhance logistics efficiency, improve turnaround times and contribute to the nation's infrastructure and economic growth objectives. The company stated that the orders are aligned with its strategy of strengthening India's rail freight ecosystem through innovative wagon platforms designed to meet evolving customer requirements. With diversified manufacturing capabilities and a broad product portfolio, Jupiter Wagons continues to support the modernization of the country's transportation and logistics infrastructure. Jupiter Wagons provides mobility and railway infrastructure solutions across freight wagons, locomotives, commercial vehicles and ISO marine containers. The company also manufactures components such as wheels, axles, brake systems, bogies and couplers, catering to sectors including railways, transportation, logistics, defence and infrastructure. On the financial front, the company's consolidated net profit declined 72.08% to Rs 28.83 crore in the quarter ended March 2026, compared with Rs 103.26 crore in the corresponding quarter of the previous year. Revenue from operations fell 25.31% to Rs 780.15 crore from Rs 1,044.55 crore reported in the year-ago period. The counter slipped 2.18% to Rs 261.90 on the BSE. Powered by Capital Market - Live

Net profit of Jupiter Wagons declined 72.08% to Rs 28.83 crore in the quarter ended March 2026 as against Rs 103.26 crore during the previous quarter ended March 2025. Sales declined 25.31% to Rs 780.15 crore in the quarter ended March 2026 as against Rs 1044.55 crore during the previous quarter ended March 2025. For the full year,net profit declined 55.25% to Rs 171.08 crore in the year ended March 2026 as against Rs 382.26 crore during the previous year ended March 2025. Sales declined 26.43% to Rs 2915.70 crore in the year ended March 2026 as against Rs 3963.28 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales780.151044.55 -25 2915.703963.28 -26 OPM %10.0914.08 -12.1314.27 - PBDT71.56142.36 -50 329.91549.54 -40 PBT53.76127.47 -58 262.82495.90 -47 NP28.83103.26 -72 171.08382.26 -55 Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 30 May 2026.

Jupiter Tatravagonka Railwheel Factory (JTRWF), has entered into a definitive long-term supply agreement with the leading European rail wagon manufacturer Tatravagonka a.s. for the supply of rail wheels, axles, and wheelsets. Through its greenfield plant at Odisha, the company has planned annual capacity of One Lakh wheelsets. And expects to export approximately 50,000 wheelsets annually to the European market placing India squarely on the global rail supply chain map. The agreement is structured for 10 years, with commercial supplies expected to commence by the end of calendar year 2027. The deal establishes a required procurement framework under which TATRAVAG'NKA a.s. and its affiliates will procure railway wheels, axles, and wheelsets from JTRWF. TATRAVAG'NKA a.s., which manufactures and maintains freight wagons for customers across Europe and beyond, currently alone consumes approximately 20,000 to 30,000 wheelsets annually to sustain its operations. JTRWF's greenfield Odisha plant, will cater to this demand and has been purpose-built with a state-of-the art design and engineering capabilities. With an estimated investment of Rs 3,000 crore, the facility is being designed with a planned annual production capacity of 100,000 wheelset and will cater to both domestic international demands. The company has previously indicated that nearly 40-50% of the Odisha plant's production capacity is expected to cater to export markets over the long term.

Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons (JWL), today announced the signing of formal MoUs with Chalukya Power and Pickrenew Energy, two of India's marquee renewable energy developers. The agreements add 110 MWh of Battery Energy Storage System (BESS) business, comprising a mix of Utility-scale and Commercial and Industrial (C&I) deployments, to JEM Energy's orderbook for FY 2026-27. With these additions, JEM Energy's current BESS orderbook stands at Rs 150+ crore, inclusive of engagements with private renewable energy developers and select Public Sector Undertaking (PSU) clients like Power Grid. The company is targeting Rs 200 crore in combined orderbook in the Battery and BESS segment within FY 2026-27, reflecting strong and accelerating commercial momentum across both private and institutional segments. Looking ahead to FY 2027-28, JEM Energy is targeting Rs 500+ crore revenue in the battery and BESS vertical.

The agreements add 110 MWh of BESS business to JEM Energy's FY27 orderbook. The projects include utility-scale and commercial and industrial deployments. Following the latest deals, JEM Energy's BESS orderbook has crossed Rs 150 crore. The company is targeting a combined battery and BESS orderbook of Rs 200 crore in FY27. The company said the agreements strengthen its position in India's energy storage market. The projects will support grid stability and renewable energy integration. JEM Energy is targeting revenue of over Rs 500 crore from the battery and BESS business in FY28. It also expects the segment to turn EBITDA positive by FY28. Over a three-year horizon, the company aims to achieve revenue of more than Rs 1,000 crore from the battery and BESS vertical by FY30. The company said rising renewable energy capacity, government support for storage projects, and the push for domestically manufactured energy storage systems are expected to drive strong demand for BESS solutions in India. Jupiter Wagons provides mobility and railway infrastructure solutions across freight wagons, locomotives, commercial vehicles and ISO marine containers. The company also manufactures components such as wheels, axles, brake systems, bogies and couplers, catering to sectors including railways, transportation, logistics, defence and infrastructure. The company's consolidated net profit declined 35.29% to Rs 62.99 crore while net sales fell 13.54% to Rs 890.36 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Kirloskar Brothers Ltd, Ircon International Ltd, Elecon Engineering Company Ltd, L T Foods Ltd are among the other stocks to see a surge in volumes on NSE today, 06 March 2026.Jupiter Wagons Ltd recorded volume of 539.71 lakh shares by 14:14 IST on NSE, a 47.37 times surge over two-week average daily volume of 11.39 lakh shares. The stock gained 14.84% to Rs.292.60. Volumes stood at 16.01 lakh shares in the last session.Kirloskar Brothers Ltd saw volume of 21.26 lakh shares by 14:14 IST on NSE, a 46.3 fold spurt over two-week average daily volume of 45930 shares. The stock increased 8.37% to Rs.1,619.00. Volumes stood at 32686 shares in the last session.Ircon International Ltd notched up volume of 485.81 lakh shares by 14:14 IST on NSE, a 24.69 fold spurt over two-week average daily volume of 19.68 lakh shares. The stock rose 10.86% to Rs.148.18. Volumes stood at 24.04 lakh shares in the last session.Elecon Engineering Company Ltd notched up volume of 16.39 lakh shares by 14:14 IST on NSE, a 7.73 fold spurt over two-week average daily volume of 2.12 lakh shares. The stock rose 3.31% to Rs.413.15. Volumes stood at 2.15 lakh shares in the last session.L T Foods Ltd registered volume of 442.04 lakh shares by 14:14 IST on NSE, a 6.84 fold spurt over two-week average daily volume of 64.64 lakh shares. The stock slipped 3.46% to Rs.415.25. Volumes stood at 464.25 lakh shares in the last session.Powered by Capital Market - Live