Shares of Jupiter Wagons rallied 10 % to hit its file excessive of ₹448.75 apiece after it posted a pointy bounce in its web revenue for the quarter ended March 2024 (Q4FY24).
The corporate’s standalone web revenue surged 155 % to ₹104.22 crore within the March quarter, on account of upper revenue. It had reported a web revenue of ₹40.78 crore in the identical quarter final 12 months. In the meantime, the corporate’s whole revenue through the quarter jumped over 57 % to ₹1,121.34 crore from ₹712.71 crore within the year-ago interval. EBITDA for This fall FY24 got here at ₹147.72 crore, up 59 % YoY.
Put up at the moment’s bounce, the inventory has soared nearly 316 % from its 52-week low of ₹107.95, hit on Might 10, 2023. In the meantime, it has soared round 277 % within the final one 12 months and over 40 % in 2024 YTD. The scrip has risen 9 % in Might to date after one other 9 % bounce in April. In the meantime, it was flat, up over half a % in March. Earlier than that, the inventory shed 8 % in February and superior over 26 % in January this 12 months.
“We achieved the milestone of surpassing ₹1,100 crore of income in 1 / 4 for the primary time ever. This distinctive efficiency within the fourth quarter culminates in a exceptional monetary 12 months for Jupiter Wagons, characterised by record-breaking revenues of ₹3,662.24 crore and revenue after tax of ₹332.79 crore in FY23-24. In gentle of our strong efficiency, the Board of Administrators has really helpful a ultimate dividend of 30 paise per share, leading to an enhanced full-year dividend payout to our esteemed shareholders,” stated Vivek Lohia, Managing Director of Jupiter Wagons.
The agency not solely reported excellent outcomes but additionally secured three main orders through the quarter. The primary order was from the Ministry of Railways price ₹957 crore, the second from the Ministry of Protection valued at ₹473 crore, and the final from Double Decker Car Service Wagons for ₹100 crore.
Moreover, the personal firm made a strategic transfer into international markets by signing a long-term Memorandum of Understanding (MOU) with RITES Ltd, a public sector unit related to Indian Railways, to pursue worldwide alternatives for railway rolling inventory tasks. As of March 31, the corporate’s order guide stands at ₹7,101.66 crore.
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JWL is a number one supplier of complete mobility options encompassing rail, highway, and marine transportation. The corporate additionally gives passenger and metro coaches, and practice units; and passenger coach equipment. It additionally has a presence within the Business Electrical Car (CEV) section. Jupiter Wagons Restricted was integrated in 1979 and relies in Kolkata, India.
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