Jupiter results are out:
Investor Presentation: https://www.bseindia.com/xml-data/corpfiling/AttachLive/16094f7a-c13e-4f63-a187-80dc113dd9b0.pdf
Management Commentary:
- Q3FY24 results: Total Income increased by 39.4% YoY to ₹90,081 Lakh.
- EBITDA surged by 54.7% YoY to ₹12,480 lakhs, with an industry-leading margin of 13.9%.
- Profit after tax rose by 79.8% YoY to ₹8,340 lakhs.
- Despite a 10-day production loss, company surpassed ₹90,000 lakh in quarterly income.
- Substantial order of 4,000 BOXNS wagons from Indian Railways secured.
- Contracts for Defense Ministry wagons and Double Decker Automobile Carriers obtained.
- Order for axle-mounted disc brake systems (~₹11,200 lakh) in braking systems division.
- Order Backlog reached ₹7,07,361 lakh, enhancing visibility for future projects.
- Successful Qualified Institutional Placement (QIP) in December 2023 raised ~₹40,300 lakh.
- Funds from QIP to support growth plans, including setting up a new foundry and backward integration.
- Credit rating of “AA (-)” & “A1 (+)” with a stable outlook reflects financial prudence and stability.
Disclosure: Holding
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