Jupiter Wagons Ltd

The Board of Jupiter Wagons at its meeting held on 04 March 2025 has approved and noted the following matters: - Approval of Material Related Party Transaction(s) with Jupiter Tatravagonka Railwheel Factory (JTRFPL) (Formerly Bonatrans India) by entering into long term purchase and sale agreement for an amount upto Rs. 2000 crore. - Modification to the previously proposed location for setting up a new Captive Alloy Steel Foundry, which was originally planned for Jabalpur, Madhya Pradesh, the plant will now be relocated to Bandel, West Bengal at its existing facility. Powered by Capital Market - Live

This order further strengthens Jupiter's position as a leading domestic manufacturer of high-performance railway wheelsets, contributing to India's growing need for self-reliant and advanced mobility solutions. The company is setting up a world-class production facility in Odisha, which will increase its capacity from the current 20,000 forged wheels and axles annually to an impressive 1,00,000 forged wheelsets per year. The expansion is backed by a Rs 2,500 crore investment, aligning with India's vision to bolster domestic manufacturing and reduce reliance on imports. Jupiter's total order book now stands at Rs 560 crore, reflecting the company's growing influence in the railway infrastructure sector. The company is targeting Rs 600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities. Vivek Lohia, managing director of Jupiter Wagons, said, 'This order from Braithwait & Co. underscores the trust in Jupiter Tatravagonka Railwheel Factory's manufacturing excellence and our ability to meet the evolving demands of India's railway sector. With the rapid expansion of freight and passenger rail networks, there is a critical need for reliable, high-performance wheelsets produced domestically at scale. Our Odisha facility will be a game-changer in this space, ensuring India's self-sufficiency in wheelset manufacturing while also positioning us as a global supplier. This milestone aligns with our commitment to strengthening the railway supply chain, reducing import dependency, and driving innovation in railway mobility solutions.' Jupiter Wagons is engaged in the business of manufacturing railway wagons, wagon components, castings, and metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components with manufacturing facilities at Hooghly (WB), Jabalpur (MP), Indore (MP), and Jamshedpur (Jharkhand). The company's consolidated net profit rose 19.51% to Rs 97.34 crore on a 14.96% increase in sales to Rs 1,029.83 crore in Q3 FY25 as compared with Q3 FY24. Shares of Jupiter Wagons fell 2% to Rs 301.45 on the BSE.Powered by Capital Market - Live

Jupiter Tatravagonka Railwheel Factory, the specialized wheelset manufacturing arm of Jupiter Wagons (JWL), has been awarded a prestigious contract worth Rs 255 crore from Braithwait The Company's total order book now stands at Rs 560 crore, reflecting the company's growing influence in the railway infrastructure sector. As part of its strategic expansion plans, Jupiter is targeting Rs 600 crore in revenue from its wheel business in FY26, nearly doubling its current contribution. This growth will be driven by increased production capacity, strong order inflows, and enhanced domestic manufacturing capabilities. To support this vision, Jupiter is executing a major expansion of its manufacturing capabilities. The company is setting up a world-class production facility in Odisha, which will increase its capacity from the current 20,000 forged wheels and axles annually to an impressive 1,00,000 forged wheelsets per year. The expansion is backed by a Rs 2,500 crore investment, aligning with India's vision to bolster domestic manufacturing and reduce reliance on imports. The project is progressing as per the planned timeline, with the Commercial Operation Date (COD) for axle production expected by December 2026, while the complete wheel and axle production unit is targeted for completion by December 2027. Powered by Capital Market - Live

Vivek Lohia, managing director of Jupiter Wagons, said: We are honored to receive this order from our esteemed partners at Ambuja Cements Limited and ACC Limited. With this addition, our order book has grown exponentially to approximately INR 7,000 crore, reflecting the trust and confidence the industry places in our expertise.' Jupiter Wagons is engaged in the business of manufacturing railway wagons, wagon components, castings, metal fabrication comprising load bodies for commercial vehicles, rail freight wagons and components with manufacturing facilities at Hooghly (WB), Jabalpur (MP), Indore (MP) and Jamshedpur (Jharkhand). The company's consolidated net profit rose 19.51% to Rs 97.34 crore on a 14.96% increase in sales to Rs 1,029.83 crore in Q3 FY25 as compared with Q3 FY24. The scrip declined 0.92% to currently trade at Rs 322.35 on the BSE. Powered by Capital Market - Live

The Board of Jupiter Wagons at its meeting held on 29 January 2025 has approved fund raising up to Rs 3,000 crore through Qualified Institutions Placement. Powered by Capital Market - Live

Net profit of Jupiter Wagons rose 19.51% to Rs 97.34 crore in the quarter ended December 2024 as against Rs 81.45 crore during the previous quarter ended December 2023. Sales rose 14.96% to Rs 1029.83 crore in the quarter ended December 2024 as against Rs 895.84 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1029.83895.84 15 OPM %13.8613.72 - PBDT143.13116.39 23 PBT129.60109.54 18 NP97.3481.45 20 Powered by Capital Market - Live

Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

The company will raise funds through issuance of equity shares or any other equity linked instruments or securities including convertible preference shares, and / or bonds including foreign currency convertible bonds / debentures / non-convertible debt instruments along with warrants / convertible debentures / securities and / or any other equity based instruments, inter alia, a private placement or through one or more qualified institutional placement (QIP) and / or further public issue of equity and / or rights issue and / or preferential allotment and / or through any other permissible mode. Meanwhile, the board will also consider the un-audited standalone and consolidated financial results along with the report of the statutory auditors, for the quarter ended 31st December, 2024. Jupiter Wagons is engaged in the business of manufacturing railway wagons, wagon components, castings, metal fabrication comprising load bodies for commercial vehicles, rail freight wagons and components with manufacturing facilities at Hooghly (WB), Jabalpur (MP), Indore (MP) and Jamshedpur (Jharkhand). The company reported a 9.34% increase in consolidated net profit to Rs 89.74 crore in Q2 FY25 as compared to Rs 82.07 crore recorded in Q2 FY24. Revenue from operations jumped 14.75% YoY to Rs 1,009.04 crore in the quarter ended 30 September 2024. The counter declined 2.32% to end at Rs 473.35 on Wednesday, 22 January 2025. Powered by Capital Market - Live

Jindal Worldwide Ltd, Rail Vikas Nigam Ltd, Gujarat Mineral Development Corporation Ltd and Ircon International Ltd are among the other gainers in the BSE's 'A' group today, 16 January 2025.Jupiter Wagons Ltd spiked 15.75% to Rs 501.25 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 2.22 lakh shares were traded on the counter so far as against the average daily volumes of 68021 shares in the past one month. Jindal Worldwide Ltd soared 12.43% to Rs 440.5. The stock was the second biggest gainer in 'A' group. On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 64254 shares in the past one month. Rail Vikas Nigam Ltd surged 10.82% to Rs 412.15. The stock was the third biggest gainer in 'A' group. On the BSE, 11.59 lakh shares were traded on the counter so far as against the average daily volumes of 4.32 lakh shares in the past one month. Gujarat Mineral Development Corporation Ltd rose 10.43% to Rs 323. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.28 lakh shares were traded on the counter so far as against the average daily volumes of 46463 shares in the past one month. Ircon International Ltd advanced 10.27% to Rs 209.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.38 lakh shares were traded on the counter so far as against the average daily volumes of 3.63 lakh shares in the past one month. Powered by Capital Market - Live

PNC Infratech Ltd, Titagarh Rail Systems Ltd, Carborundum Universal Ltd, JK Lakshmi Cement Ltd are among the other stocks to see a surge in volumes on NSE today, 11 December 2024.Jupiter Wagons Ltd recorded volume of 252.67 lakh shares by 14:14 IST on NSE, a 23.67 times surge over two-week average daily volume of 10.67 lakh shares. The stock gained 11.21% to Rs.552.70. Volumes stood at 6.84 lakh shares in the last session.PNC Infratech Ltd clocked volume of 152.33 lakh shares by 14:14 IST on NSE, a 16.45 times surge over two-week average daily volume of 9.26 lakh shares. The stock gained 10.45% to Rs.341.95. Volumes stood at 6.96 lakh shares in the last session.Titagarh Rail Systems Ltd clocked volume of 110.54 lakh shares by 14:14 IST on NSE, a 9.73 times surge over two-week average daily volume of 11.37 lakh shares. The stock gained 6.37% to Rs.1,309.75. Volumes stood at 13.21 lakh shares in the last session.Carborundum Universal Ltd registered volume of 6.94 lakh shares by 14:14 IST on NSE, a 7.78 fold spurt over two-week average daily volume of 89168 shares. The stock rose 3.07% to Rs.1,380.15. Volumes stood at 1.19 lakh shares in the last session.JK Lakshmi Cement Ltd registered volume of 8.49 lakh shares by 14:14 IST on NSE, a 5.55 fold spurt over two-week average daily volume of 1.53 lakh shares. The stock rose 2.62% to Rs.877.95. Volumes stood at 5.36 lakh shares in the last session.Powered by Capital Market - Live