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Jupiter Wagons (JWL) investor relations material
Jupiter Wagons Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 consolidated income rose 13% sequentially to INR 900 crore, with EBITDA at INR 116 crore and PAT at INR 62 crore, reflecting operational resilience amid supply chain headwinds.
For 9M FY26, consolidated revenue reached INR 2,136 crore, EBITDA INR 279 crore, and PAT INR 139 crore, with margins impacted by higher input costs and supply constraints.
Standalone and consolidated unaudited financial results for the quarter and nine months ended 31 December 2025 were reviewed and approved by the Board on 11 February 2026.
Order book as of Dec 31, 2025, stood at INR 5,041 crore, covering wagons, wheelsets, brake systems, and containers.
Diversified business model and robust order book provide strong visibility for future quarters.
Financial highlights
Q3 FY26 consolidated revenue was INR 900 crore, up 13% quarter-on-quarter; EBITDA INR 116 crore, up 12% sequentially; PAT INR 62 crore, up 36% quarter-on-quarter.
Q3 FY26 consolidated EBITDA margin was 13%, with PAT margin at 7%.
Standalone Q3 FY26 revenue was INR 776 crore, EBITDA INR 94 crore, and PAT INR 58 crore; standalone EBITDA margin 12.1%, PAT margin 7.5%.
EPS for Q3 FY26 was INR 1.32 (consolidated) and INR 1.28 (standalone); 9M FY26 EPS was INR 3.41 (consolidated) and INR 3.40 (standalone).
Pending wagon orders at Q3 end: ~8,000 units, with 70% from private sector.
Outlook and guidance
FY27 expected to remain muted due to ongoing wheelset supply disruptions; strong growth anticipated in FY28 as new capacities and export opportunities materialize.
Revenue target of INR 8,000–10,000 crore for FY28, with expectations to more than double revenue over the next two years.
Battery storage and EV mobility businesses are growing rapidly, with BESS growing at 100% month-on-month and EV mobility targeting INR 200 crore revenue by FY27.
Expansion into passenger rolling stock and export opportunities to EU and US are being actively pursued.
The company continues to monitor the impact of new labour codes and will account for any changes as rules are finalized.
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