Shares of Jupiter Wagons skyrocketed 18% and hit a 52-week excessive of Rs 497.90 on 10 Could after the corporate introduced its quarterly earnings for January-March.
The corporate’s quarterly report recorded a bounce of over twofold in its internet revenue to Rs 104.2 crore from Rs 40.78 crore reported in the identical quarter of the earlier fiscal 12 months.
The income through the quarter stood at Rs 1,121.34 crore, marking a 57% year-on-year enhance from Rs 712.71 crore reported in the identical quarter final 12 months. Through the quarter, the corporate manufactured the highest-ever 2,520 wagons and is planning to extend its capability to 1 lakh wheelsets each year from 10,000 wheelsets within the subsequent 2-3 years.
The corporate’s order e-book as of 31 March 2024 stands at Rs 7,101.66 crore.
Earlier, the corporate introduced that it was securing a contract from the Ministry of Defence for the manufacturing and provide of 697 Bogie Open Navy (BOM) wagons.
In its submitting, the corporate added, “The brand new contract wins on this quarter from the Ministry of Defence and Ministry of Railways will add to the prevailing order backlog and supply robust visibility.”
Jupiter Wagons offers complete mobility options, with various choices throughout freight wagons, passenger coaches, locomotives, metro coaches, and braking methods, amongst others.
At 3:30 pm, the shares of Jupiter Wagons closed 15.19% greater at Rs 484.10 on NSE.
