Jupiter Wagons Secures ₹600 Crore Order from Adani Cement Group and Expands EV Ecosystem

Jupiter Wagons Ltd, a prominent manufacturer of railway wagons, wagon components, and castings, has announced a significant business development. The company has received a Letter of Acceptance (LoA) from Ambuja Cements Ltd and ACC Ltd, both part of the Adani Cement Group, for the manufacture and supply of BCFCM rakes and BVCM wagons.

According to the regulatory filing, the order is valued at approximately ₹600 crore and was awarded on February 10, 2025. BCFCM refers to bogie-covered fly ash/cement wagons, which are crucial for cement transportation.

Jupiter Electric Mobility Expands EV Ecosystem

Apart from its core railway business, Jupiter Wagons’ subsidiary, Jupiter Electric Mobility Private Limited (JEM), is making significant strides in the electric vehicle (EV) sector. The company has launched JEM Saathi, an all-in-one mobile application aimed at enhancing the EV ecosystem by providing vehicle service communications, local business discovery, and charging infrastructure access.

Key Features of JEM Saathi:

• Charging Infrastructure: In collaboration with Bengaluru-based Pulse Energy, JEM Saathi offers access to 1,300+ fast chargers, enhancing convenience for EV users.
• Service Network Expansion: JEM has strengthened its service ecosystem by partnering with Automovill and Battwheels, bringing a 140+ service station network across India.

Share Price and Financial Performance

Despite these positive developments, Jupiter Wagons’ share price was trading 2.7% lower as of 9:58 AM on February 12, 2025.

On the financial front, the company reported an 18.4% year-on-year (YoY) increase in consolidated net profit to ₹96.4 crore for the quarter ended December 2024 (Q3FY25). This growth was primarily driven by increased revenue and improved operational efficiency.

Financial Highlights for Q3FY25:

• Revenue from operations: ₹1,029.8 crore (up 15% YoY)
• Total income: ₹1,044.7 crore (up 16% YoY)
• EBITDA: ₹148.7 crore (up 19.5% YoY)
• EBITDA margin: Expanded to 14.4% from 13.9% YoY

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