Rs 89,23,00,000 Profit In Q1FY25: Top Dividend Railway Stock In Focus, 3,584% Returns In 5 Years; Find Out WHO

Railway wagons maker, Jupiter Wagons which is also among the top dividend-paying stocks, earned a net profit of Rs 89.23 crore in the June 2024 quarter, registering a growth of 40.3% YoY. In the quarter under review, Jupiter Wagons said, it continued to deliver industry-leading margin as its EBITDA Margin improved to 14.4% and achieved a consolidated EBITDA margin of 15.5% in Q1FY25.

Meanwhile, EBITDA stood at Rs 128.86 crore in Q1FY25, up by 32.4% year-on-year. On the top-line front, the company posted a total income of Rs 902.19 crore, increasing by 19.4% YoY.

Jupiter Wagons wheelset manufacturing subsidiary reported a 5-fold increase (YoY) in revenue and turned profitable with
PAT of ₹ 702 lakh in Q1FY 25.

It said, "Continue to deliver industry-leading margin - EBITDA Margin improves to 14.4% in Q1FY25 and achieved consolidated EBITDA margin of 15.5% in Q1FY25, despite the challenges posed by a two-month general election and peak summer conditions affecting our multi-location plants' supply chain."

Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, "Our wagon business remains crucial, contributing ~ 80% of revenue. We are actively diversifying into sectors such as railway components, commercial vehicles, Brake discs, Brake systems, and Containers. Our recent acquisition of Bonatrans has been highly successful, with revenue increasing five-fold to ₹ 7,436 lahks, EBITDA rising to ₹ 930 lahks, the margin of 12.5%, and PAT reaching ₹ 702 lahks turned positive Y-o-Y in Q1FY25."

As of June 30, 2024, the company's order book stood at Rs 7,028.34 crore.

Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, has received approval from The
Automotive Research Association of India (ARAI) for its Battery Operated Light Commercial Vehicle, JEM TEZ. This 1-ton commercial EV, the first of its kind in the market, features industry-leading fast charging technology.

The company highlighted that Jupiter Electric Mobility Private Limited (JEM), initial commercial production to kick start in Q3FY25.

Also, the company has successfully raised INR 80,000 lakh through a Qualified Institutional Placement (QIP), receiving an
overwhelming response with total demand reaching approximately Rs 2,800 crore featuring prominent investors.

Jupiter Wagons Limited (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across Freight Wagons, Locomotives, Passenger Coaches (LHB), Metro Coach, Commercial Vehicles, ISO Marine Containers, and products such as Couplers, Draft Gears, Bogies, CMS Crossings, Brake Disc, Brake System, Wheels, Axles and Wheel sets. JWL has manufacturing facilities located in Kolkata, Jamshedpur, Indore, Jabalpur and Aurangabad with full backward integration to its foundry operations. The Group has established partnerships with leading global companies such as Tatravagonka (Slovakia), DAKO-CZ (Czech Republic), Kovis Proizvodna (Slovenia), and Telleres Alegria S.A (Spain).

Jupiter Wagons has consistently delivered dividends to its investors, while carrying no stock splits or bonus issues. Since September 2023, the company delivered 2 dividends to the tune of Rs 0.80 per share.

On BSE, after the market hours of July 25, Jupiter Wagons' share price ended at Rs 626.20 apiece, down by 3.07% with a market cap of Rs 26,582.07 crore. The stock's PE ratio is at 79.88x and the return on equity is at 20.52%.

YTD, Jupiter Wagons stock price surged by nearly 96%, while in a year, it advanced by nearly 196%. In 5 years, the stock skyrocketed by 3,583.53% on the exchange.