Slide 1: Exchange filing cover letter
November 11,2025 To, The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533272 NSE Sy
Slide 2: Earnings Update: Q2 & H1 FY26
Jupiter Wagons Ltd Earnings Update: Q2 & H1 FY26 11th November 2025
Slide 3: Safe Harbour
Safe Harbour Certain statements and opinions with respect to the anticipated future performance of Jupiter Wagons Ltd (JWL) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be c
Slide 4: Key Financial Updates – Q2 FY26 (Consolidated)
Key Financial Updates – Q2 FY26 (Consolidated) Revenue from operations for Q2 FY26 stood at ₹ 786 Crore, up 71% qoq on the back of improved supply of wheelsets in the wagons business EBITDA for Q2 FY26 at ₹ 104 Crore, up by 73% qoq EBITDA Margin was 13.2% in Q2 FY26 compared to 13.8% in Q2 FY25 PAT
Slide 5: Q2 FY26 Financial Updates – Consolidated
Q2 FY26 Financial Updates – Consolidated Revenue (₹ In Crore) EBITDA (₹ In Crore) PAT (₹ In Crore) 71% q-o-q 73% q-o-q 46% q-o-q 1,009 139 786 104 89 459 60 45 31 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Jupiter Wagons Ltd 4
Slide 6: Key Financial Updates – H1 FY26 (Consolidated)
Key Financial Updates – H1 FY26 (Consolidated) Revenue from operations for H1 FY26 stood at ₹ 1,245 Crore EBITDA for H1 FY26 at ₹ 163 Crore EBITDA Margin was 13.1% in H1 FY26 compared to 14.6% in H1 FY25. PAT for H1 FY26 stood at ₹ 76 Crore, with a PAT Margin of 6.1%. EPS for H1 FY26 is ₹ 1.87 per s
Slide 7: H1 FY26 Financial Updates – Consolidated
H1 FY26 Financial Updates – Consolidated Revenue (₹ In Crore) EBITDA (₹ In Crore) PAT (₹ In Crore) 34% 41% 58% 1,889 276 181 1,245 163 76 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Jupiter Wagons Ltd 6
Slide 8: Consolidated Profit & Loss statement
Consolidated Profit & Loss statement (₹ in Crore) Q2 Q1 Q2 Particulars Q-o-Q (%) Y-o-Y (%) H1 FY26 H1 FY25 Y-o-Y (%) FY26 FY26 FY25 Revenue 785.8 459.3 71.1% 1,009.0 -22.1% 1,245.2 1,888.9 -34.1% Other Income 10.3 16.9 -39.3% 9.7 5.6% 27.1 17.6 54.5% Total Income 796.1 476.2 67.2% 1,018.8 -21.9% 1,2
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet (₹ in Crore) Particulars H1 FY26 FY25 Particulars H1 FY26 FY25 ASSETS EQUITY Non-current assets Equity share capital 424.5 424.5 Property, plant and equipment 716.0 722.8 Other Equity 2,366.4 2,329.8 Intangible Assets 202.8 209.4 Non controlling interests 10.4 13.3 Right o
Slide 10: Key Financial Updates – Q2 FY26 (Standalone)
Key Financial Updates – Q2 FY26 (Standalone) Revenue from operations for Q2 FY26 stood at ₹ 707 Crore, up 72% qoq on the back of improved supply of wheelsets in the wagons business EBITDA for Q2 FY26 at ₹ 88 Crore, up by 73% qoq EBITDA Margin was 12.4% in Q2 FY26 compared to 13.7% in Q2 FY25 PAT for
Slide 11: Q2 FY26 Financial Updates – Standalone
Q2 FY26 Financial Updates – Standalone Revenue (₹ In Crore) EBITDA (₹ In Crore) PAT (₹ In Crore) 72% q-o-q 73% q-o-q 60% q-o-q 974 133 707 89 88 411 53 51 33 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Jupiter Wagons Ltd 10
Slide 12: Key Financial Updates – H1 FY26 (Standalone)
Key Financial Updates – H1 FY26 (Standalone) Revenue from operations for H1 FY26 stood at ₹ 1,118 Crore EBITDA for H1 FY26 at ₹ 139 Crore EBITDA Margin was 12.4% in H1 FY26 compared to 14% in H1 FY25. PAT for H1 FY26 stood at ₹ 86 Crore, with a PAT Margin of 7.7%. EPS for H1 FY26 is ₹ 2.02 per share
Slide 13: H1 FY26 Financial Updates – Standalone
H1 FY26 Financial Updates – Standalone Revenue (₹ In Crore) EBITDA (₹ In Crore) PAT (₹ In Crore) 40% 47% 178 52% 262 1,869 1,118 139 86 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Jupiter Wagons Ltd 12
Slide 14: Standalone Profit & Loss statement
Standalone Profit & Loss statement (₹ in Crore) Q2 Q1 Q2 Particulars Q-o-Q (%) Y-o-Y (%) H1 FY26 H1 FY25 Y-o-Y (%) FY26 FY26 FY25 Revenue 707.2 410.9 72.1% 973.6 -27.4% 1,118.1 1,868.6 -40.2% Other Income 7.5 13.9 -46.1% 7.6 -1.1% 21.4 14.9 44.2% Total Income 714.8 424.8 68.3% 981.2 -27.2% 1,139.5 1
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet (₹ in Crore) Particulars H1 FY26 FY25 Particulars H1 FY26 FY25 ASSETS EQUITY Non-current assets Equity share capital 424.5 424.5 Property, plant and equipment 554.3 553.9 Other Equity 2,369.6 2,327.3 Intangible Assets 26.2 26.9 Right of use Assets 0.9 0.9 Total Equity 2,794.
Slide 16: Q2 & H1 FY26: Operating Highlights
Q2 & H1 FY26: Operating Highlights (In Nos.) Q2 Q1 Q2 H1 H1 Year ended Particulars FY 26 FY 26 FY 25 FY 26 FY 25 FY 25 Railway Wagons 1,628 826 2,130 2,454 4,084 8,718 CMS Crossing 211 262 214 473 505 933 Commercial Vehicle Bodies & Components 2,006 2,182 1,590 4,188 3,719 8,548 Containers 500 339 2
Slide 17: MD's Message
MD’s Message Commenting on the results, Mr. Vivek Lohia, Managing Director of Jupiter Wagons Ltd., said, “Having navigated supply challenges in Q1 and July, we’re pleased to report that wheelset deliveries are now back on track, paving the way for smoother operations ahead. Restoring production mome
Slide 18: Key Highlights- H1 FY26
Key Highlights- H1 FY26 The Board of Directors has appointed Mr. Vinod Kumar Agarwal as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from September 24, 2025 Jupiter Wagons Limited has been independently assigned an ESG rating of “46” by ESG Risk Assessments and
Slide 19: Annexure
The picture can't be displayed. Annexure 18
Slide 20: FY25 Financial Highlights – Standalone
FY25 Financial Highlights – Standalone EBITDA (₹ In Crore) PAT (₹ In Crore) Total Revenue (₹ In Crore) 4Y CAGR 40.3% 4Y CAGR 50.6% 4Y CAGR 62.1% 546 3,905 3,662 491 373 333 2,073 254 1,182 125 998 106 114 54 50 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Jupiter
Slide 21: Financial Highlights – 5 year trend
Financial Highlights – 5 year trend Particulars FY21 FY22 FY23 FY24 FY25 Profitability Ratio EBITDA Margin % 10.7% 9.9% 12.5% 13.5% 14.1% PAT Margin % 5.4% 4.2% 6.0% 9.1% 9.6% Efficiency Ratio Inventory Turnover 3.4 3.1 3.8 4.1 3.7 Debtors Turnover 18.1 16.4 14.6 10.7 6.1 Creditors Turnover 6.2 6.8
Slide 22: Robust Manufacturing Capabilities
The picture can't be displayed. Robust Manufacturing Capabilities No of Facilities Products Unit 1 Load bodies for Commercial Vehicle Unit of Stone India Jamshedpur Baddi Jabalpur No of Facilities Products Kolkata Unit 1 & 2 Load bodies for Commercial Vehicle No of Facilities Products Unit 3 Wagons,
Slide 23: Technology Alliance With Best-In-Class Global Players
Technology Alliance With Best-In-Class Global Players Products JV will Key Players Status / Structure manufacture Tatravagonka Tatravagonka, one of the dominant wagon manufacturer in Europe Strategic Investor NA Poprad Kovis D.O.O. is a leading manufacturer of Brake discs for railway vehicles and JV
Slide 24: Thank You
Thank You Mayank Vaswani / Jenny Kunnappally CDR India Tel: +91 98209 40953 / +91 86899 72124 Email: mayank@cdr-india.com / jenny@cdr-india.com