Jupiter Wagons Limited has released its financial results for the second quarter (Q2) and half-year (H1) of the fiscal year 2023-24.
Financial Performance (Q2 & H1 FY24):
- Revenue for Q2FY24 increased by 111% year-on-year (YoY) to ₹87,930 lakh.
- Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q2FY24 increased by 143% YoY to ₹12,117 lakh, with an EBITDA margin of 13.8%.
- Profit After Tax (PAT) for Q2FY24 increased by 229% YoY to ₹8,158 lakh, with a PAT margin of 9.3%.
- Earnings Per Share (EPS) for Q2FY24 was ₹2.04 per share.
Performance Highlights for H1FY24:
- Revenue for H1FY24 increased by 129.2% YoY to ₹1,63,248 lakh.
- EBITDA for H1FY24 increased by 172% YoY to ₹21,851 lakh, with an EBITDA margin of 13.4%.
- PAT for H1FY24 increased by 280% YoY to ₹14,518 lakh, with a PAT margin of 8.9%.
- EPS for H1FY24 was ₹3.66 per share.
Outlook and Key Developments:
- The company continues to experience strong demand in the production of wagons for both public and private customers.
- Capacity expansion is planned for the foundry in Kolkata and a new foundry in Jabalpur, which is expected to yield cost savings in freight expenses.
- The Indian Railway tender for 20,000 wagons has been issued, and production capacity is set to increase.
- Stone India is expected to initiate operational activities in Q4FY24.
- Electric Mobility vehicle testing is scheduled for November, with commercial launch planned for the fourth quarter of the fiscal year.
| Subscribe To Our Free Newsletter |
