Jupiter Wagons (JWL) experienced a remarkable surge in its share price, reaching a record high of Rs 448 on the Bombay Stock Exchange following a strong performance in the March quarter. The company witnessed a substantial 156 percent rise in profit after tax (PAT) to Rs 104.22 crore, compared to Rs 40.78 crore in the same quarter of the previous year. This surge in performance led to a significant increase in its stock value, outperforming previous highs and attracting investor interest.
The company, known for providing comprehensive mobility solutions across various transportation sectors such as rail, road, and marine, demonstrated solid financial growth with a 57 percent year-on-year increase in total income to Rs 1,121 crore during the quarter under review. Jupiter Wagons (JWL) also showcased its ability to maintain industry-leading margins, with an improvement in earnings before interest, taxes, depreciation, and amortization (EBITDA) margin from 13.1 percent in Q4FY23 to 13.3 percent in Q4FY24.
JWL's order book position stood strong at Rs 7,101.66 crore as of Q4FY24, following the securement of significant contracts from the Ministry of Railways and Ministry of Defense. These contracts, valued at around Rs 957 crore and Rs 473 crore respectively, contributed to providing the company with a robust outlook for the future. With plans to enhance its manufacturing capacity and expand its product portfolio, Jupiter Wagons (JWL) aims to solidify its position as a leading player in the industry of mobility solutions.