Jupiter Wagons reported its Q4 FY24 earnings with a minor drop in profitability but an improvement in margins, showcasing operational resilience amid top-line pressure. The company posted a net profit of ₹103 crore, down 1.6% year-on-year compared to ₹105 crore in Q4 FY23. Revenue declined 6% to ₹1,045 crore from ₹1,115 crore, reflecting softer order inflows or execution delays during the quarter.
Despite the revenue dip, Jupiter Wagons saw its EBITDA grow by 4% year-on-year to ₹154 crore from ₹148 crore. EBITDA margin improved significantly to 14.7%, up from 13.3% last year, driven by cost efficiencies and favorable product mix. This is a strong indicator of financial discipline and operational leverage.
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The company’s ROE and ROCE stood at an impressive 27.4% and 31.7%, respectively, suggesting robust capital efficiency. Over the last three years, Jupiter Wagons delivered compounded profit growth of 84% and sales growth of 54%, making it one of the fastest-growing names in the railway and capital goods sector.
While the company’s free cash flow remains negative at ₹-97 crore due to expansion-related spending, its balance sheet remains strong with a low debt-to-equity ratio of 0.16. Promoter holding is healthy at 68.1%, and the stock currently trades at a P/E of 46.8, above the industry average of 35.6, reflecting market optimism.
Jupiter Wagons continues to benefit from the ongoing railway modernization and domestic manufacturing thrust. With steady order books and execution capacity, the company remains a key player in India’s freight and rolling stock ecosystem. For more details, visit the official site of Jupiter Wagons.
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