Jupiter Wagons Reports Strong Q3FY25 Growth, Expands in Electric Mobility

Jupiter Wagons Limited has reported robust financial results for Q3FY25, with revenue rising 15% year-on-year to ₹1,029.8 crore. EBITDA increased by 19.5% to ₹148.7 crore, with a margin improvement to 14.4%. Profit after tax (PAT) grew 18.4% to ₹96.4 crore, with a PAT margin of 9.2%. The company’s order book stood at ₹6,320 crore as of December 31, 2024, reflecting strong demand across its product segments.
Managing Director Vivek Lohia attributed the growth to strategic execution and investor confidence. The company has strengthened its presence in electric mobility through Jupiter Electric Mobility (JEM), which is set to begin supplying electric light commercial vehicles (eLCVs). During the quarter, Jupiter Wagons increased its stake in JEM from 60% to 75% and acquired Log9’s technology and business assets for railway and electric truck batteries, enabling in-house battery production.
Additionally, the company is expanding its foundry capacity to boost wagon production while scaling up safety systems, track components, wheelsets, and brake systems for passenger and freight rolling stock.
With expectations of increased railway investment in the upcoming Union Budget 2025-26, Jupiter Wagons anticipates sustained demand for its wagon and non-wagon railway products, reinforcing its position in India’s mobility and transportation sector.