Mumbai, May 19 (IANS). Jupiter Wagons, a wagon and equipment manufacturer for the railway, presented the fourth quarter results on Monday. The company’s profit in the January-March period has come down by 1.9 percent to Rs 103 crore, which was Rs 105 crore in the same period of the previous financial year.
The company said in the stock exchange filing that the profit before tax in the fourth quarter of FY 25 has come down by 8.26 percent to Rs 127.47 crore on an annual basis, which was at Rs 138.95 crore in the same period last year.
In the March quarter of FY 25, the company’s consolidated income has come down by 6.2 percent to Rs 1,057 crore on an annual basis, which was Rs 1,127 crore in the fourth quarter of FY 24.
In the January-March period, the income from the company’s operations has come down by 6.4 percent to Rs 1,044.54 crore, which was Rs 1,115.41 crore in the same period last year.
In the fourth quarter of FY 25, the company’s expenditure has come down to Rs 923.34 crore, which is 6.4 percent less than Rs 986.41 crore in the fourth quarter of FY 24.
The company’s EBITDA has increased to Rs 153 crore in the March quarter of FY 25, which was Rs 147 crore in the earlier fiscal March quarter. The company’s EBITDA margin has increased to 14.6 percent, earlier 13.2 percent.
On Monday, the shares of Jupiter Wagons Limited on the National Stock Exchange (NSE) fell by Rs 13.1 or 3.1 percent to close at Rs 408.95.
Vivek Lohia, the managing director of the company, described FY 25 as a transformational year for Jupiter Wagons.
He spoke about several strategic victories, including the major agreement with Brathwaite for the wheelset.
Lohia said, “The company has also acquired a brake system agreement of over Rs 215 crore.”
-IANS
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