+
Jupiter Wagons reports stellar Q1FY24 earnings
RAILWAYS & METRO RAIL

Jupiter Wagons reports stellar Q1FY24 earnings

Jupiter Wagons (formerly Commercial Engineers & Body Builders (CEBBCO), a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced its financial results for the first quarter ended on June 30, 2023.

Performance highlights:

  • Revenue for Q1FY24 stood at Rs 75,319 lakh, up 155% (YoY),
  • EBITDA for Q1 FY24 at ₹ 9,956 lakh, up 217% (YoY), EBITDA margin improves to 13.2% from 10.6%
  • Continued to deliver industry leading margin of 13.2%
  • PAT for Q1 FY24 stood at Rs 6,360 lakh, up 374% (YoY), PAT Margin 8.4%
  • EPS for the quarter is Rs 1.62 per share Rs 10 each.
  • Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, “We are delighted to commence FY24 on a strong note, with several exciting developments in the first quarter. The company's business momentum remained robust, as we reported revenues of Rs 75,319 lakh, growing 155% on a yoy basis. EBITDA was Rs 9,956 lakh, reflecting 217% growth YoY. Due to an improved product mix and the introduction of value-added products, we reported an EBITDA margin of 13.2%, representing an expansion of 260 bps YoY and further embellishing our industry-leading margins. Additionally, profit after tax was Rs 6,360 lakh, higher by 374% YoY. Looking beyond the strong financial performance during the quarter, we are delighted to share that our bid for Stone India has received NCLT approval. We see several synergies from the addition of this entity to our group and will endeavour to rapidly restore the operational momentum. The container business is witnessing high interest in specialised products, and we are engaging with marquee international customers and are poised to further elevate the business performance. Progress has also been made on upcoming business lines of braking systems and eLCVs. The overall outlook remains favourable, and the company's primary focus is on creating enduring value for all stakeholders.

    Jupiter Wagons (formerly Commercial Engineers & Body Builders (CEBBCO), a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced its financial results for the first quarter ended on June 30, 2023. Performance highlights: Revenue for Q1FY24 stood at Rs 75,319 lakh, up 155% (YoY), EBITDA for Q1 FY24 at ₹ 9,956 lakh, up 217% (YoY), EBITDA margin improves to 13.2% from 10.6% Continued to deliver industry leading margin of 13.2% PAT for Q1 FY24 stood at Rs 6,360 lakh, up 374% (YoY), PAT Margin 8.4% EPS for the quarter is Rs 1.62 per share Rs 10 each. Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons said, “We are delighted to commence FY24 on a strong note, with several exciting developments in the first quarter. The company's business momentum remained robust, as we reported revenues of Rs 75,319 lakh, growing 155% on a yoy basis. EBITDA was Rs 9,956 lakh, reflecting 217% growth YoY. Due to an improved product mix and the introduction of value-added products, we reported an EBITDA margin of 13.2%, representing an expansion of 260 bps YoY and further embellishing our industry-leading margins. Additionally, profit after tax was Rs 6,360 lakh, higher by 374% YoY. Looking beyond the strong financial performance during the quarter, we are delighted to share that our bid for Stone India has received NCLT approval. We see several synergies from the addition of this entity to our group and will endeavour to rapidly restore the operational momentum. The container business is witnessing high interest in specialised products, and we are engaging with marquee international customers and are poised to further elevate the business performance. Progress has also been made on upcoming business lines of braking systems and eLCVs. The overall outlook remains favourable, and the company's primary focus is on creating enduring value for all stakeholders.

    Next Story
    Infrastructure Urban

    MCD Clears Rs 11.5 Billion Projects Including Puzzle Parking

    After a gap of over two years, the newly reinstated Standing Committee of the Municipal Corporation of Delhi (MCD) has approved a range of civic and infrastructure projects worth approximately Rs 11.5 billion. Among the key decisions is the construction of a multi-level puzzle parking facility at Bharat Darshan Park in west Delhi, costing Rs 316 million, which will accommodate 188 vehicles. The project will be executed within 12 months and includes 10 years of operation and maintenance by the implementing agency.Standing Committee Chairman Satya Sharma stated the parking, equipped with advance..

    Next Story
    Infrastructure Urban

    PM Launches Projects Worth Rs 120 Billion in Bihar, Bengal

    Prime Minister Narendra Modi is set to visit Bihar and West Bengal tomorrow to inaugurate and lay foundation stones for development initiatives totalling over Rs 120 billion, the Prime Minister’s Office (PMO) announced.In Motihari, Bihar, Modi will launch projects worth Rs 72 billion across rail, road, rural development, fisheries, and IT. A major highlight is the Rs 40.8 billion Darbhanga–Narkatiaganj rail doubling project. The Prime Minister will also inaugurate highway upgrades like the Parariya–Mohania four-lane road and the Sarwan–Chakai two-lane stretch, improving Jharkhand conne..

    Next Story
    Infrastructure Urban

    Nagpur to Roll Out 150 New E-Buses Under PM Scheme

    Nagpur is gearing up to bolster India’s electric mobility drive with the planned induction of 150 new electric buses under the PM e-Bus Seva Yojana. While the complete fleet is yet to arrive, trial units from JBM Auto have already reached the city and are undergoing test runs on key routes.Municipal Commissioner Dr Abhijeet Chaudhari recently inspected one of the buses and issued firm instructions prioritising technical reliability, safety, and punctual service rollout. Each 9-metre AC bus features fast charging, hydraulic ramps for differently-abled passengers, 25 seats, six CCTV cameras, a..

    Advertisement

    Subscribe to Our Newsletter

    Get daily newsletters around different themes from Construction world.

    STAY CONNECTED

    Advertisement

    Advertisement

    Advertisement

    Talk to us?