Jupiter Wagons shares rise 5% after mobility arm launches new factory for LCVs

Jupiter Wagons shares gain over 5% with the launch of new manufacturing facility

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shares of Jupiter Wagon are higher  by about 5 percent in early trading on March 4, a day after the company informed about the launch of a new manufacturing facility by Jupiter Electric Mobility (JEM), the company's e-mobility arm, in Indore, Madhya Pradesh.

At 10.15 am, the shares stood at a price of Rs 298.25.

Read about Stock Market updates LIVE

The newly launched facility positions Pithampur — a rapidly developing hub for automotive and electric vehicles — as a key player in India’s evolving electric mobility ecosystem. To mark this milestone, Jupiter Electric Mobility also unveiled its flagship electric light commercial vehicle (e-LCV), the JEM TEZ, which is set to redefine standards in the electric last-mile logistics space.

The newly inaugurated Pithampur manufacturing plant, spread across 2.5 acres, is equipped with a fully integrated production line, encompassing everything from skateboard platform development to complete vehicle assembly. With an initial production capacity of 8,000 to 10,000 e-LCVs per year, the facility is designed to scale up in phases to meet rising demand for sustainable, efficient, and cost-effective last-mile delivery vehicles.

Vivek Lohia, Managing Director, Jupiter Group spoke on the mobility arm's manufacturing unit and said, "With an initial annual capacity of 8,000 to 10,000 e-LCVs, JEM has set its sights on ambitious growth, aiming to significantly ramp up production volumes in the future."

The company further aspires to achieve a revenue target of Rs 100 crore in the first year of the operations, said Vivek Lohia, the Managing Director of the Group.

Last month, Jupiter Wagons, a leading manufacturer of railway wagons, components, and castings, secured a Letter of Acceptance (LoA) from Ambuja Cements and ACC, both part of the Adani Cement Group. The LoA pertains to manufacturing and supply of rakes and wagons, with the order valued of nearly Rs 600 crore. The contract was formally awarded on February 10, the company said.

Jupiter Wagons also reported its consolidated financial results for the quarter ended December 2024 earlier this year, posting a net sales of Rs 1,140.47 crore, which is 21.66 percent higher compared to Rs 937.40 crore in the same quarter of the previous year. Despite the strong revenue growth, net profit declined by 7.3 percent to Rs 58.45 crore, down from Rs 63.06 crore in December 2023.

On the operational front, the company's EBITDA for the quarter stood at Rs 131.83 crore, reflecting a 14.25 percent rise over Rs 115.39 crore in the year-ago period. Meanwhile, earnings per share (EPS) dropped to Rs 2.63, compared to Rs 2.84 in December 2023.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.