Latest news with #JupiterWagons
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Business Standard
28-05-2025
- Automotive
- Business Standard
Jupiter Wagons shares jump 5% as unit signs MoU with Pickkup; details here
Shares of Jupiter Wagons rose nearly 5 per cent after its unit announced a partnership with Pickkup, focused on sustainable intra-city and intercity deliveries. Jupiter Wagons' stock rose as much as 4.71 per cent during the day to ₹419.4 per share, the best intraday gain since May 16 this year. The stock pared gains to trade 2.6 per cent higher at ₹411 apiece, compared to a 0.17 per cent decline in Nifty50 as of 10:51 AM. Shares of the company have risen nearly 25 per cent from their recent lows of ₹327, which it hit earlier this month. The counter has risen by 17.8 per cent this year, compared to a 4.7 per cent advance in the benchmark Nifty50. Jupiter Wagons has a total market capitalisation of ₹17,446.87 crore. Jupiter Wagons partnership with Pickkup Jupiter Electric Mobility, the electric vehicle division of Jupiter Wagons, announced a partnership with Pickkup, a Delhi-based logistics platform focused on sustainable intra-city and intercity deliveries. The two companies have signed a Memorandum of Understanding (MoU) to deploy 300 units of JEM TEZ, JEM's flagship electric light commercial vehicle, into Pickkup's expanding electric vehicle (EV) fleet by the end of this year. This collaboration aligns closely with India's clean mobility ambitions and supports the Government of India's PM e-DRIVE scheme, which promotes the adoption of electric vehicles across various sectors, it said in the exchange filing on Tuesday. The partnership began with the successful delivery of the first batch of JEM TEZ vehicles. These units were rigorously tested through pilot runs that demonstrated their high performance and operational reliability. According to the statement, the EVs delivered a range exceeding 190 km per charge and, in some cases, reached up to 220 km. 'Our mission at Jupiter Electric Mobility is to empower logistics providers with next-generation electric vehicles that deliver on performance, sustainability, and profitability. Our alliance with Pickkup is a strategic step toward accelerating India's transition to clean mobility, particularly in the logistics sector,' Vivek Lohia, Managing Director of Jupiter Group, said in teh statement. "This partnership represents a crucial milestone in our journey toward a cleaner and smarter transport future.' About Jupiter Wagons The company provides mobility solutions, with diverse offerings across freight wagons, locomotives, commercial vehicles, ISO marine containers, and products such as couplers, draft gears, bogies, CMS crossings, brake discs, brake systems, wheels, axles, and wheel sets. The company has manufacturing facilities located in Kolkata, Jamshedpur, Indore, Jabalpur, and Aurangabad with full backwards integration to its foundry operations. It caters to industries such as railways, automobiles, transportation, logistics, construction equipment, municipalities, healthcare, energy, mining, and infrastructure. The company has a marquee client base, including the Indian Railways, American Railroads, Indian Ministry of Defence, BEML, Alstom, Tata Motors, GE, and Volvo Eicher Motors. ALSO READ:
Business Standard
28-05-2025
- Automotive
- Business Standard
Jupiter Wagons arm signs MoU with Pickkup to boost EV adoption in logistics
Jupiter Wagons said that its electric vehicle arm, Jupiter Electric Mobility (JEM), has signed an Memorandum of Understanding (MOU) with Pickkup, a Delhi-based logistics platform, to promote electric vehicle usage in the logistics industry. Pickkup is a fast-growing EV-first logistics company with a presence across key NCR cities and tier-2 markets like Mohali and Chandigarh. Focused on electric mobility, it has a scalable delivery infrastructure with 3W and 4W commercial EVs, offering customised on-demand, corporate, and warehouse solutions. The partnership aims to deploy 300 units of JEM TEZ, JEM's top-of-the-line electric light commercial vehicle, in Pickkup's growing EV fleet by the end of this year. The collaboration kicks off with the successful delivery of the first batch of JEM TEZ vehicles under the MoU, following extensive pilot runs that showcased the exceptional capability of delivering real-world performance, range reliability, and operational efficiency across both intra-city and inter-city routes. The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh. Vivek Lohia, managing director, Jupiter Group, stated, Our mission at Jupiter Electric Mobility is to enable logistics providers with next-generation electric vehicles that exceed expectations in performance, sustainability, and profitability as well. Our alliance with Pickkup is a strategic move towards achieving India's ambitious clean mobility goals, facilitating the mass adoption of electric commercial vehicles in the logistics ecosystem. With Pickkup, we seek to transform last- and midmile logistics into a scalable, tech-enabled, and environmentally friendly ecosystem that fuels economic prosperity for operators while minimising carbon emissions. This partnership represents a strategic turning point in our journey to lead India towards clean transport and to help the logistics sector adopt a greener, smarter future. Ankush Sharma, co-founder and CEO of Pickkup, said, Im genuinely impressed with JEM Tez, it has nailed real-time challenges in this segment by offering CCS2 charging compatibility and delivering 30% more range on a single charge, all while supporting a 1050 kg payload. This creates a strong niche in the market. Were now set to deploy these vehicles for intercity logistics, where they can run up to 250 km daily while enabling higher earnings potential, which is made possible now with JEM Tez. Jupiter Wagons (JWL) is a provider of comprehensive mobility solutions, with diverse offerings across freight wagons, locomotives, passenger coach accessories, braking systems, commercial vehicles, ISO marine containers, and products such as couplers, draft gears, bogies, CMS crossings, brake disc, brake system, wheels, axles, wheel sets, electric commercial vehicle (e-LCV) and lithium batteries. The companys consolidated net profit fell 1.8% to Rs 103.26 crore on 6.4% decline in net sales to Rs 1,044.55 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.04% to settle at Rs 400.65 on Tuesday, 27 May 2025.
Business Upturn
28-05-2025
- Automotive
- Business Upturn
Jupiter Wagons shares jump 3% after company's arm signs MOU with Pickkup
Jupiter Wagons shares surged 3% after its electric mobility arm, Jupiter Electric Mobility (JEM), signed a strategic MoU with Delhi-based logistics platform Pickkup. The partnership aims to accelerate clean mobility by deploying 300 units of JEM's flagship electric light commercial vehicle, JEM TEZ , in Pickkup's EV fleet by year-end. As of 10:24 AM, the shares were trading 2.73% higter at Rs 411.50. Aligned with the PM e-DRIVE scheme and India's clean mobility goals, the collaboration marks a significant step in decarbonising the logistics sector. The first batch of JEM TEZ vehicles has already been delivered following successful pilot runs, demonstrating real-world performance with a consistent range of 190–220 km on both urban and intercity routes, including Delhi to Chandigarh. Pickkup, an EV-first logistics provider, operates in key NCR cities and tier-2 markets like Mohali and Chandigarh. With a scalable fleet of 3W and 4W electric vehicles, the company offers customised delivery and warehousing solutions. The tie-up enhances its operational capacity, driver income, and environmental impact. JEM's advanced EV manufacturing plant in Pithampur, Indore, has an annual production capacity of 8,000–10,000 e-LCVs, with plans for expansion. This initiative supports India's self-reliant EV manufacturing push and reduces import dependency. Jupiter Wagons opened at ₹408.45 today, reaching a high of ₹419.40 and a low of ₹408.10. The stock remains significantly below its 52-week high of ₹748.10 but well above the 52-week low of ₹270.05. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
21-05-2025
- Business
- Business Upturn
Railway stocks steam ahead: Titagarh surges 6%, JWL, BEML, IRFC gain in strong market
By News Desk Published on May 21, 2025, 10:13 IST Railway-linked stocks were in high demand on Tuesday morning, mirroring the upbeat sentiment in the broader markets. As of 10:13 AM, key stocks in the railway and infrastructure space were trading with solid gains. Titagarh Rail Systems led the rally with a 6.28% jump to ₹944.50, followed by Jupiter Wagons (JWL) at ₹405.00, up 3.22%. BEML, a key player in rail and defence equipment, also gained 2.64% to ₹3,649.00. Other notable gainers in the railway segment included: Texmaco Rail (TEXRAIL) : ₹158.36 ( +2.26% ) Indian Railway Finance Corporation (IRFC) : ₹139.13 ( +1.77% ) IRCON International : ₹191.24 ( +1.57% ) IRCTC : ₹793.95 ( +1.04% ) RITES : ₹277.75 ( +0.83% ) RVNL (Rail Vikas Nigam): ₹417.35 (+0.55%) The gains came amid a broader rally in Indian equities, with Sensex up 571.94 points at 81,758.38 and Nifty up 178.85 points at 24,862.75, reflecting strong market-wide optimism. Railway stocks remain in focus due to expectations of continued capex push, public-private partnerships, and infrastructure allocations in the upcoming Union Budget. Disclaimer: This article is for informational purposes only and is based solely on publicly available data and provided inputs. It does not constitute investment advice. Always consult a qualified financial advisor before making investment decisions. News desk at
Yahoo
20-05-2025
- Automotive
- Yahoo
Jupiter Wagons Ltd (BOM:533272) Q4 2025 Earnings Call Highlights: Strong Financial Performance ...
Total Income (Stand-alone): INR3,905 crore, growth of 6.6% year on year. EBITDA (Stand-alone): INR548 crore, increased by 11.6% year on year. EBITDA Margin (Stand-alone): 14.2%, up from 13.5% last year. Profit After Tax (Stand-alone): INR373 crore, increased by 12% year on year. PAT Margin (Stand-alone): 9.6%. Total Income (Consolidated): INR4,008 crore, growth of 9.3% year on year. EBITDA (Consolidated): INR578 crore, increased by 18% year on year. EBITDA Margin (Consolidated): 14.6%. Profit After Tax (Consolidated): INR380 crore, increased by 15% year on year. Order from Ambuja Cement and ACC Limited: INR600 crore for BCFCM rake wagons. Order from Braithwaite & Company: INR255 crore. Brake Systems Orders: INR65 crore for brake disc and INR150 crore for passenger segment grade systems. Odisha Project Investment: INR2,500 crore, with financial closure achieved. Odisha Project Funding Structure: 35% equity and 65% debt. Warning! GuruFocus has detected 3 Warning Signs with BOM:533272. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jupiter Wagons Ltd (BOM:533272) reported a solid financial performance for FY25 with a 6.6% year-on-year growth in total income on a stand-alone basis. The company successfully increased its EBITDA margin to 14.2%, up from 13.5% the previous year, maintaining industry-leading margins. Jupiter Wagons Ltd launched commercial production of the JEM TEZ e-LCV, marking its entry into India's electric logistics segment. The company secured significant orders, including a INR600 crore order from Ambuja Cement and ACC Limited for BCFCM rake wagons. The Odisha project, a major expansion initiative, has achieved financial closure and is expected to significantly contribute to future revenue growth. The company faced constraints in wheel availability, impacting Q4 execution and potentially affecting future production targets. There is uncertainty regarding the regularization of wheel supplies from Indian Railways, which could impact wagon manufacturing targets for FY26. The e-LCV segment is still in its early stages, with the company targeting to achieve sales of 100 vehicles per month, which may take time to materialize. The company is facing challenges in its joint venture with DAKO, which has been posting losses due to localization efforts. There was a temporary closure of a facility due to labor unrest, although it has since been resolved. Q: Is the constraint on wheels easing out as we enter FY26, and how did it impact Q4 execution? A: Vivek Lohia, Managing Director: The availability of wheels was constrained in Q4 and Q1 of this financial year. However, the railway is expected to regularize supplies by mid-next month, which should stabilize the situation. We have been focusing on executing our private order books, leveraging our subsidiary, Jupiter Tatravagonka, to supply the necessary components. Q: What kind of wagon manufacturing can be expected in FY26? A: Vivek Lohia, Managing Director: We have set a target to manufacture about 10,000 wagons in FY26. We are confident in achieving this, provided the railway regularizes the supply of wheel sets by mid-June. If the wheel set situation deteriorates, there might be a revision in our execution plans. Q: How is the industry or Indian Railways addressing the infrastructure issue related to wheel set shortages? A: Vivek Lohia, Managing Director: Investments are being made in the private sector to set up wheel manufacturing capacities. We are investing in a wheel manufacturing capacity for 100,000 wheels. Currently, India imports a significant portion of its wheel set requirements, and our project aims to fill this demand-supply gap. Q: What is the expected Return on Capital Employed (ROC) from the wheel set CapEx investment? A: Vivek Lohia, Managing Director: We expect an ROC of above 20% from the wheel set project, which is higher than our current ROC of approximately 17.5%. These projects typically have high ROC, and as exports increase, the ROC will improve further. Q: What is the outlook for FY26, considering the challenges faced in FY25? A: Vivek Lohia, Managing Director: We are confident in achieving our targets for FY26, provided the wheel situation is rectified. We expect to double revenues in the wheel set and brake businesses. The e-LCV segment has received positive market feedback, and we aim to achieve sales of over 100 vehicles per month in the coming months. The battery business also looks promising with strong market demand. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
