Profit booking continues for Jupiter Wagons despite decent Q2 earnings

Jupiter Wagons stock is still up 50 percent for the year so far despite the recent correction.

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26 Aug, 2025 12:21

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Shares of Jupiter Wagons dropped nearly 6 percent on November 11 as profit booking in the counter continued despite the company's decent Q2 earnings performance.

At 10.32 am, shares of Jupiter Wagons were trading at Rs 479.25 on the NSE. Sharp profit booking has taken over railway names over the last few months after two years of bull run, triggering a 14 percent correction in the stock in the past three months. Despite that though, the stock is still up 50 percent for the year so far.

Mobility solutions provider, Jupiter Wagons recorded an 8.9 percent year-on-year growth in its consolidated net profit for Q2FY25, up from Rs 82.08 crore in Q2FY24 to Rs 89.36 crore.

For Q2FY25, the company reported a revenue of Rs 1,018.75 crore, reflecting a 15 percent growth compared to Rs 885.08 crore in the same quarter a year ago.

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Operational performance remained steady, with EBITDA margin coming at 13.8 percent, a slight improvement from the 13.7 percent that it recorded in the year ago period. As of September 30, 2024, the company’s order book stood at Rs 6,643.66 crore.

Vivek Lohia, Managing Director of Jupiter Wagons, highlighted the company's strategic move to enhance its presence in the electric truck and railway battery sectors through the acquisition of Log9’s battery assets by its subsidiary, Jupiter Electric Mobility. He also noted growing interest in their Battery Energy Storage Systems containers, which cater to solar and data center energy storage, opening up more opportunities in both domestic and international markets.

Meanwhile, Jupiter Wagons also successfully completed a Qualified Institutional Placement (QIP), raising Rs 800 crore back in July.

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