Jupiter Wagons Secures Rs 6 Billion Order from Ambuja Cements and ACC

13 Feb 2025 CW Team

Jupiter Wagons Ltd, a leading manufacturer of railway wagons, wagon components, and castings, announced that it has received a Letter of Acceptance (LoA) from Ambuja Cements Ltd and ACC Ltd, both part of the Adani Cement Group. The order is for the manufacture and supply of BCFCM rakes and BVCM wagons, with an estimated value of Rs 6 billion. The order was awarded on February 10, 2025.

The BCFCM wagons are bogie-covered fly ash/cement wagons, essential for transporting materials like fly ash and cement.

For the quarter ending December 2024, Jupiter Wagons reported an 18.4% year-on-year (YoY) increase in consolidated net profit, which reached Rs 964 million, driven by higher revenue and improved margins.

Revenue from operations for Q3FY25 stood at Rs 10.29 billion, reflecting a 15% YoY increase. The company’s total income rose 16% YoY to Rs 10.44 billion, while EBITDA grew 19.5% YoY to Rs 1.48 billion. The EBITDA margin expanded to 14.4% from 13.9% in the same period last year.

(CNBC TV18)

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