Jupiter Wagons (JWL) Q2 26/27 earnings summary

Executive summary

• Consolidated Q2 FY27 revenue was ₹772.1969 crore; EBITDA was ₹94.3 crore and net profit ₹46.1536 crore, with EBITDA and net profit rising 45.2% and 76.3% QoQ.

• H1 FY27 consolidated revenue grew 15.9% YoY to ₹1,442.9323 crore, while EBITDA declined 2.6% to ₹159.2 crore and net profit declined 5.3% to ₹72.3386 crore.

• Fresh wagon orders and expansion into passenger rail, railwheel manufacturing and energy storage broadened growth opportunities.

Financial highlights

• Consolidated Q2 revenue was ₹77,219.69 lakh vs ₹78,584.55 lakh YoY; PBT was ₹6,510.12 lakh vs ₹6,788.66 lakh, while net profit rose 1.8% to ₹46.1536 crore.

• Consolidated H1 total income rose 14.9% to ₹1,462.1 crore; operating costs rose 18.7% to ₹1,283.8 crore. PBT was ₹10,377.76 lakh vs ₹11,183.66 lakh YoY.

• Standalone H1 revenue rose 15.5% YoY to ₹1,291.5832 crore, EBITDA increased 10.9% to ₹153.9 crore and net profit rose 7.0% to ₹91.5289 crore.

• Standalone Q2 revenue was ₹67,289.47 lakh vs ₹70,724.82 lakh YoY; net profit was ₹5,349.83 lakh vs ₹5,270.29 lakh.

Outlook and guidance

• BESS order book exceeded 500 MWh and ₹500 crore; FY27 energy storage revenue target was ₹1,000 crore.

• A 5,800-wagon BOBRN tender was expected to add to order momentum; focus remained on converting the opportunity pipeline and scaling passenger mobility.

• WBSEDCL ordered a 100 MW / 400 MWh BESS deployment; a separate 41 MW / 102.5 MWh Uttarakhand project was valued at ~₹100 crore.