Key projects, including the PLI scheme for train parts, Gati Shakti inclusion, redevelopment of railway stations, and the multitracking project, are opening unparalleled possibilities for the sector
Jupiter Wagons Limited on Friday reported an 8.9 per cent increase in consolidated net profit to Rs 89.36 crore for the second quarter ended September 2024. The company had posted a consolidated net profit of Rs 82.08 crore in the same quarter of the last fiscal, Jupiter Wagons said in a regulatory filing. Its consolidated income stood at Rs 1,018.75 crore compared to Rs 885 crore in the year-ago period, it added. The order book of the company as of September 30, 2024, stands at Rs 6,64,366 lakh. Managing Director of Jupiter Wagons Vivek Lohia, said, "We have rebranded our subsidiary, Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited even as we unveiled plans to increase capacity for wheelsets manifold through investment of Rs 2,500 crore in a new facility on Odisha". On July 12, 2024, Jupiter Wagons successfully completed a Qualified Institutional Placement (QIP), raising Rs 800 crore. The capital raised will be primarily used to establis
Jupiter Electric will also acquire Log9's manufacturing facility located in Devanahalli, Bangalore
JWL also informed that it has changed the name of its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory
Leading manufacturer of railway wagons, wagon components and castings Jupiter Wagons Ltd on Friday posted a 40.3 per cent rise in profit after tax (PAT) to Rs 89.23 crore for the June quarter. The company had posted a consolidated PAT of Rs 63.60 crore in the year-ago period. The company's income during the April-June period increased to Rs 902.19 crore, over Rs 755.41 crore in the year-ago period, Jupiter Wagons Ltd (JWL) said in a statement. "We are excited to report outstanding results for Q1FY25... Despite challenges from the general elections and peak summer, we maintained a strong consolidated EBITDA margin of 15.5 per cent. Our wagon business remains crucial, contributing 80 per cent of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, brake discs, brake systems and containers," it said. JWL is a provider of comprehensive mobility solutions, with diverse offerings across freight wagons, locomotives, commercial vehicles, ISO
Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.