Jupiter Wagons shares fall over 4% after Q3 profit slips 35%

Jupiter Wagons Share Price Target: Shares of Jupiter Wagons Ltd. came under pressure on Thursday, sliding over 4 per cent, after the railway wagon manufacturer reported a sharp year-on-year decline in earnings for the December quarter (Q3FY26).

The stock fell as much as 4.19 per cent intraday to Rs 297.20, marking its steepest single-day fall since February 1. It later recovered marginally but was still trading 3.5 per cent lower at Rs 299.40 around 10:37 am, underperforming the broader market, with the Nifty 50 down 0.37 per cent at the time.

This marked the second consecutive session of losses for the stock. On a year-to-date basis, Jupiter Wagons shares are down 12 per cent, compared with about a 1 per cent decline in the benchmark Nifty 50. The company currently commands a market capitalisation of Rs 12,734.94 crore.

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Q3FY26 performance

For the quarter ended December 2025, Jupiter Wagons reported a 35.29 per cent drop in net profit to Rs 62.99 crore, compared with Rs 97.34 crore in the corresponding period last year. Revenue from operations declined 13.54 per cent year-on-year to Rs 890.36 crore, from Rs 1,029.83 crore in Q3FY25.

On a consolidated basis, the company posted Ebitda of Rs 115 crore, reflecting an 11 per cent sequential increase. The Ebitda margin stood at 13 per cent during the quarter. As of December 31, 2025, the company’s order book looked strong and healthy at Rs 5,041 crore, providing medium-term revenue visibility.

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Management commentary and outlook

Commenting on operational challenges, Managing Director Vivek Lohia said that while wheelset supply has improved from the peak shortages seen earlier in the year, the industry continues to face supply-chain constraints, impacting wagon production and dispatch timelines.

“Despite these near-term challenges, Jupiter continues to maintain a healthy order book, particularly from private sector customers, reflecting strong customer confidence,” Lohia said.

He also highlighted potential export opportunities, noting that recent progress on trade agreements with the EU and the US could open up sizeable overseas markets for Indian railway engineering products.

Also read: BSE Q3FY26 Results: Profit jumps 174% on higher trading volumes, strong revenue growth

Looking ahead, Lohia said the company is preparing to enter the passenger rolling stock segment and is in advanced-stage discussions with a leading European partner, with further details to be shared at a later stage.

Separately, the company announced the appointment of Mark Damian Stevenson as an additional director, effective December 15, 2025.