Jupiter Wagons Share Price Soars After Q3 Profit, Revenue Rise

Jupiter Wagons Ltd.'s shares jumped over 10% after its profit and revenue saw significant uptick in the third quarter of fiscal 2025.

The net profit rose to Rs 97.3 crore, displaying a 19.5% growth for the three months ended Dec. 31, 2024, as compared to Rs 81.4 crore for the same period last year. The company's revenue grew by 15% to stand at Rs 1,030 crore for the quarter, compared to Rs 896 crore for the year-ago period.

The Kolkata-based company's earnings before interest, tax, depreciation and amortisation soared to Rs 148.66 crore, showing a 20% rise for the quarter under review. Ebitda for the previous quarter stood at Rs 124.37 crore. The company's margins expanded to 14.4% for the three months ended Dec. 31, 2024, against 13.9% in the same period last year.

Further, the board of Jupiter Wagons approved to raise funds worth Rs 3,000 crore through qualified institutional placements or any other permissible modes.

Jupiter Wagons stock rose as much as 10.74% before paring gains to trade 10.30% higher at Rs 400.4 apiece, compared to an 0.30% advance in the benchmark Nifty 50 as of 10:00 a.m.

It was down 22.24% in the last 12 months. The total traded volume so far in the day stood at 13 times its 30-day average. The relative strength index was at 54.28.

Three of the five analysts tracking the company have a 'buy' rating on the stock and two recommend a 'hold', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 546, implying a upside of 41.2%.