Jupiter Wagons Ltd
Jupiter Wagons Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Significant revenue growth expected from Stone India by FY26 end; projected to become PAT positive next year. Jupiter Wagons anticipates significant growth across multiple business verticals, particularly in wheelsets, containers, and electric mobility sectors.
From Jupiter Wagons Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Significant revenue growth expected from Stone India by FY26 end; projected to become PAT positive next year.
- Electric mobility business targeted to be EBITDA positive and potentially PAT positive by FY27, with revenues expected to double in FY27.
- Container business showing strong volume growth, with expanding capacity to meet both Indian and global demand.
- Wheel business already delivering good revenues and margins; Odisha factory to open axle line in 2026 and wheel line in 2027.
- Wagon order book close to 12,000 wagons (~INR 4,000 crore), with additional large Indian Railways tenders anticipated after existing backlog reduces.
- Company aims to achieve INR 5,000 crore topline by FY26, though challenges suggest this target may not be met fully.
2 more points from Jupiter Wagons Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Jupiter Wagons Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Significant investment of INR 2,500 crore is underway for a forged wheel and axle facility in Odisha.
- The Odisha plant is expected to commission by 2027, producing 100,000 wheelsets annually.
- Expansion plans include scaling up capacity significantly across specialized segments like battery storage containers.
- Continuous investments in BESS (Battery Energy Storage Systems) capacity, with capability to produce 40-50 Megawatts per month; technology integration in development (own BMS and EMS).
- Ongoing investments for expanding EV (Electric Vehicle) business and launching new products (1-tonne lighter trucks, 2-tonne payload trucks).
- Company focusing on localization of key BESS components (BMS and EMS are local; cells still imported).
2 more points from Jupiter Wagons Ltd's call on capex
Pro opens every point from 15K+ earnings calls
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Jupiter Wagons Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The current wagon order book stands at approximately 11,000 to 12,000 wagons, valued around INR 4,000 crore.
- Indian Railways has floated tenders for about 5,000 to 6,000 wagons in the current year.
- A large Indian Railways tender is expected soon; its delay is attributed to the significant outstanding order book that needs execution first.
- Private sector order books continue to show strong addition and execution, with no signs of slowdown.
2 more points from Jupiter Wagons Ltd's call on order book
Pro opens every point from 15K+ earnings calls
Jupiter Wagons Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹776 Cr, net profit ₹58 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Jupiter Wagons Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in Industrial Manufacturing this season
- Aaron Industries Ltd (Q2 FY26)
Recent CAPEX of ₹35 crore has been undertaken for the new Unit 3 Kosamba plant, enhancing production capacity. Key concall takeaways from Aaron Industries…
- Atam Valves Ltd (Q2 FY26)
Q2FY26 Revenue from Operations:** ₹11.40 Crores . Key investor presentation takeaways from Atam Valves's Q2 FY26 investor presentation — and how it ranks agains
- Prizor Viztech (Q2 FY26)
H1 FY25: 35.4% (from Rs. Key investor presentation takeaways from Prizor Viztech Ltd's Q2 FY26 investor presentation — and how it ranks against sector peers.
- Thejo Engg. (Q2 FY26)
Q2 FY26 revenue from operations: ₹15,311 lakhs . Key investor presentation takeaways from Thejo Engineering Ltd's Q2 FY26 investor presentation — and how it ran
Arthneeti Pro · Annual
Jupiter Wagons Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Jupiter Wagons Ltd Q2 FY26 results?
Significant revenue growth expected from Stone India by FY26 end; projected to become PAT positive next year. Jupiter Wagons anticipates significant growth across multiple business verticals, particularly in wheelsets, containers, and electric mobility sectors.
What is Jupiter Wagons Ltd share price analysis?
Jupiter Wagons Ltd currently shows a neutral. The stock trades at a P/E of 49.4 with a market cap of ₹8,788 Cr. Investors should review the full earnings analysis for detailed insights.
Is Jupiter Wagons Ltd planning capital expenditure?
Significant investment of INR 2,500 crore is underway for a forged wheel and axle facility in Odisha.
Keep Jupiter Wagons Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.