Jupiter Wagons reports strong Q2, H1 FY26 performance with significant growth

Jupiter Wagons Limited reported a consolidated revenue from operations of ₹786 crore for Q2 FY26, a 71% quarter-on-quarter increase, primarily due to improved wheelset supply. Consolidated EBITDA for the quarter stood at ₹104 crore, up 73% QoQ, with a PAT of ₹45 crore. For H1 FY26, consolidated revenue reached ₹1,245 crore, with EBITDA at ₹163 crore and PAT at ₹76 crore.

The company's order book stands at ₹5,538 crore as of September 30, 2025. Key operating highlights include the supply of 2,454 railway wagons and 10,173 wheelsets in H1 FY26. Jupiter Wagons also detailed strategic initiatives, including the appointment of Vinod Kumar Agarwal as chief financial officer, and significant orders for its Jupiter Tatravagonka Railwheel Factory, including ₹113 crore for 9,000 LHB axles and ₹215 crore for 5,376 wheelsets for the Vande Bharat high-speed train project.

Furthermore, Jupiter Electric Mobility (JEM) introduced new containerized Battery Energy Storage Systems (BESS) and expanded its dealership network. The company also confirmed the utilization of proceeds from its Qualified Institutional Placements (QIPs) and Preferential Issue of Warrants. Unutilized proceeds, including interest income, are invested in mutual funds and fixed deposits, amounting to ₹220.82 crore.