Jupiter Wagons Q4 Results: Cons PAT tumbles 72% to Rs 29 crore, revenue falls 25% YoY

Jupiter Wagons, a private company in the railway sector, reported a consolidated net profit of Rs 29 crore for the March quarter of FY26, marking a massive 72% decline from Rs 103 crore posted in the same period last year. The profit is attributable to the owners of the company.

The company’s revenue from operations came in at Rs 780 crore, also down 25% from Rs 1,044 crore reported in the corresponding quarter of the previous financial year.

The company’s EBITDA came in at Rs 83 crore, reporting a substantial drop of 46% from Rs 153 crore in the fourth quarter of the previous financial year. Its EBITDA margin also came in lower, down by 410 basis points to 10.6% from 14.7% in the fourth quarter of financial year 2025.

The company’s expenses for the quarter came in at Rs 731 crore, down 20% from Rs 923 crore in Q4FY25, the company said in a regulatory filing.

For the full year under review, revenue from operations came in at Rs 2,916 crore, lower by more than 26% or Rs 1,047 crore, from Rs 3,963.27 crore posted in the previous financial year.

Profit after tax declined 56% to Rs 166 crore, down from Rs 380 crore posted in FY25, the company said on Saturday. Jupiter Wagons shares have declined 14% since the beginning of the year and about 26% in the past 1 year. The stock has been in the news off late after a report said Indian Railways is preparing to launch a mega Rs 40,000-crore tender to procure 1 lakh freight wagons over the next three to four years.

Last month, international brokerage Jefferies initiated coverage on Jupiter Wagons with an ‘Underperform’ rating and a target price of Rs 200, implying a potential downside of 31% from Rs 290. Jefferies expects growth at Jupiter Wagons to moderate as the business remains heavily dependent on the lower-growth freight wagon segment.

The brokerage estimates a 23% EPS CAGR for Jupiter Wagons over FY26-30, significantly lower than Titagarh’s projected 43%, with wagons expected to continue contributing more than 60% of overall sales even by FY28. It also said the company’s new wheel manufacturing facility is likely to make a meaningful contribution only after FY28.

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