Q3FY23 Quarterly Result Announced for Jupiter Wagons Ltd.
Commercial vehicles company Jupiter Wagons announced Q3FY23 results: Q3FY23 & 9MFY23: Revenues higher by 116% at Rs 64,443 lakh, PAT increases 407% to Rs 4,638 lakh EBITDA for Q3FY23 at Rs 8,261 lakh, up 239% (YoY), EBITDA Margin improves to 12.8% from 8.1% PAT for Q3FY23 at Rs 4,638 lakh, up 407% (YoY), PAT Margin 7.2% EPS for the quarter is Rs 1.19 per share Rs 10 each. Launches 2 Models of Electric e-LCVs at The Auto Expo - The Motor Show 2023 Order Book of Rs 5,70,283 lakh as on Dec 31, 2022. Commenting on the results, Mr. Vivek Lohia, Managing Director of Jupiter Wagons Ltd. said, “We are pleased to report revenues of Rs 64,443 Lakh in Q3FY23, higher by 116% on a YoY basis. Growth momentum remains strong in established businesses as we are steadily ramping up monthly wagon production and witnessing improving traction in our business line of truck bodies. We are focused on scaling up newer business lines of high-speed braking and container manufacturing. EBITDA was higher by 239% to Rs 8,261 Lakh while the EBITDA margin expanded by 470 bps to 12.8%. The launch of our Electric LCV at the Auto Expo in New Delhi was met with a very favourable response, expected to commercially launch by Q324 and we are in discussion with several potential partners to strengthen our market reach. We are making steady progress towards further enhancing the breadth and diversity of our portfolio that encompasses comprehensive mobility solutions.” He added, “We continue to enjoy high visibility of growth on the back of a robust order backlog. The outlook is favourable in view of the ambitious targets by the Indian Railways.” Result PDF17-02-2023