Jupiter Wagons Ltd.'s net profit rose to Rs 97.3 crore, representing 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 surged by 15% to Rs 1,030 crore for the October- December quarter as against 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, denoting a 20% rise for the quarter under review from Rs 124.37 crore in the same quarter in the previous fiscal.
Its margins expanded to 14.4% for the three months ended Dec. 31, 2024, against 13.9% in the same period last year.
Jupiter Wagons Q3 FY25 (Consolidated, YoY)
Revenue up 15% to Rs 1,030 crore versus Rs 896 crore.
Ebitda up 20% to Rs 148.66 crore versus Rs 124.37 crore.
Margin at 14.4% versus 13.9%.
Net profit up 19% to Rs 97.3 crore versus Rs 81.4 crore.
The board of Jupiter Wagons approved to raise funds worth Rs 3,000 crore through Qualified Institutional Placements or any other permissible modes.
The funds will be raised in one or more tranches, which is subject to approval from the members of the company and other regulatory authorities.
Additionally, Vikash Lohia, currently the whole time director of the company, will be appointed as the deputy managing director while continuing in his role as whole time director, effective from Feb. 1, 2025.
Shares of Jupiter Wagons closed 8.28% lower at Rs 363 apiece on the NSE, compared to a 0.9% rise in the benchmark Nifty 50. The share price has fallen 7.70% in the last 12 months.
Out of five analysts tracking the company, three maintain a 'buy' rating on the stock and two recommend 'hold', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 50.4%.
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