Jupiter Wagons Limited (JWL) has released the transcript of its investor/analyst meet call pertaining to the Audited Financial Results for the Q4 & FY 2026. The call, held on June 1, 2026, featured Managing Director Vivek Lohia, CFO Vinod Kumar Agarwal, and Vice President Puneet Saboo. For FY26, JWL reported a consolidated total income of ₹2,961 crore and a profit after tax (PAT) of ₹166 crore, with EBITDA at ₹363 crore (12.4% margin). In Q4 FY26, total income was ₹790 crore, EBITDA was ₹83 crore, and PAT stood at ₹27 crore. The company enters FY27 with an order book of ₹4,675 crore. CRISIL reaffirmed its credit rating at AA(-)/Stable for long-term debt and A1(+) for short-term debt. The wheelset business, Jupiter Tatravagonka Railwheel Factory, crossed ₹500 crore in revenue with a 17% EBITDA margin. Key wins include an order for 9,000 LHB axles and a Letter of Intent for 5,376 Vande Bharat wheelsets. A long-term supply arrangement was signed with Tatravagonka for the upcoming Odisha facility, with partial production expected by the end of FY27 and full commissioning by end of FY28. Jupiter Electric Mobility made progress in Battery Energy Storage Systems (BESS), signing MoAs for 110 megawatts of BESS business for FY27. The company aspires to build a ₹1,000 crore revenue business in batteries and energy storage over the next 3 to 4 years. The container manufacturing business expects to double revenues in FY27, benefiting from the Production-Linked Incentive (PLI) scheme. Stone India Limited received RDSO approval for its freight brake system, with commercial production expected in July 2026. JWL is also entering the passenger rolling stock segment in FY27 through a strategic tie-up with a global manufacturer, focusing on metro and new train orders, as well as the export market. Management expressed optimism for FY27, expecting better performance than FY26, driven by non-wagon businesses and improved wagon execution once the Railway order book is released. Long-term projections target ₹10,000 crore revenue by 2030 with at least 15% EBITDA margins. The company is also developing a 2-ton truck variant, with launch expected in FY27.
