Q1 2025 Jupiter Wagons Ltd Earnings Call Transcript
Key Points
- Jupiter Wagons Ltd (BOM:533272) reported a total income of INR90,219 lakh, marking a 19% year-over-year increase.
- EBITDA surged to INR12,886 lakh, a 32% rise, with EBITDA margin improving to 14.4%, up from 12.9% in Q1 FY24.
- PAT reached INR8,923 lakh, a 40% increase, and PAT margin grew to 9.9%.
- The company secured a purchase order for LFP auxiliary batteries for Vande Bharat trainset from Siemens and has technically qualified for rail tenders.
- Jupiter Wagons Ltd (BOM:533272) successfully completed a qualified institution placement, raising INR800 crore, reflecting strong institutional confidence.
- Challenges from the general election and peak summer impacted the multi-location plants, causing disruptions in production.
- Order inflows were hampered in the quarter due to political events, affecting the overall order book execution.
- The commercial vehicle volumes showed a decline quarter-over-quarter, raising concerns about potential slowdowns in this segment.
- The company is still in the process of finalizing plans for backward integration in lithium-ion battery technology, indicating potential delays.
- There was a drop in the volume of railway wagons produced compared to the last quarter, attributed to election-related disruptions and extreme summer conditions.
Ladies and gentlemen, good day, and welcome to Jupiter Wagons Limited Q1 FY25 Conference Call hosted by Systematix Institutional Equities. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Sudeep Anand from Systematix Institutional Equities, Thank you and over to you, sir.
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Thank you, and good afternoon, everyone. Thanks for joining us today for the Q1 FY25 earning call of Jupiter Wagons. On behalf of Systematix, I would like to thank the management for giving us the opportunity to host this call. Today, we have with us Mr. Vivek Lohia, Managing Director, and Mr. Puneet Saboo, Vice President Finance.
Now I would like to hand over the call to the management for their opening remarks, and then we can open for the Q&A. Thanks and over to you, sir.
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