Jupiter Wagons' Subsidiary has Received ARAI Approval for its 1-Ton Commercial EV
Jupiter Wagons' subsidiary, Jupiter Electric Mobility, receives ARAI approval for innovative 1-ton commercial EV, JEM TEZ, in Q1FY25.
by Damodharan N
Updated Jul 26, 2024
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In Q1FY25, Jupiter Electric Mobility Private Limited (JEM), a subsidiary of Jupiter Wagons Limited, has received approval from The Automotive Research Association of India (ARAI) for its Battery Operated Light Commercial Vehicle, JEM TEZ.
This 1-ton commercial electric vehicle (EV) is the first of its kind in the market and boasts industry-leading fast charging technology. JEM's initial commercial production is set to begin in Q3FY25.
Additionally, JEM has collaborated with Log9 Materials Private Limited to develop and certify Lithium-Ion Phosphate (LFP) battery technology for Indian Railways, marking another significant milestone. As of 30th June 2024, Jupiter Wagons' order book stands at ₹ 7,02,834 lakh.
Source: Here
Jupiter Wagons Q1 FY25 Results
Jupiter Wagons Limited has delivered outstanding financial results for Q1FY25. The company's total income for the quarter stood at ₹ 90,219 lakh, marking a 19.4% increase year-over-year (YoY). The EBITDA for Q1FY25 reached ₹ 12,886 lakh, a rise of 32.4% YoY, with the EBITDA margin improving to 14.4%.
The consolidated EBITDA margin for the quarter was 15.5%, despite challenges posed by a two-month general election and peak summer conditions affecting the supply chain across its multi-location plants.
The company's Profit After Tax (PAT) for Q1FY25 was ₹ 8,923 lakh, up 40.3% YoY, with a PAT margin of 9.9%. Earnings per share (EPS) for the quarter stood at ₹ 2.16 per share, with a face value of ₹ 10 each. Jupiter Wagons' wheelset manufacturing subsidiary reported a five-fold increase in revenue YoY and turned profitable with a PAT of ₹ 702 lakh in Q1FY25.
Commenting on the results, Mr. Vivek Lohia, Managing Director of Jupiter Wagons Ltd., expressed excitement over the outstanding performance. He highlighted the company's total income of ₹ 90,219 lakh, a 19% increase YoY.
The EBITDA soared to ₹ 12,886 lakh, up 32%, with the EBITDA margin improving from 12.9% in Q1FY24 to 14.4%. The PAT reached ₹ 8,923 lakh, a 40% rise, with the PAT margin increasing to 9.9%. Despite the general election and peak summer, the company maintained a strong consolidated EBITDA margin of 15.5%.
The wagon business remains crucial for Jupiter Wagons, contributing approximately 80% of its revenue. The company is diversifying into sectors such as railway components, commercial vehicles, brake discs, brake systems, and containers.
The recent acquisition of Bonatrans has been highly successful, with revenue increasing five-fold to ₹ 7,436 lakh, EBITDA rising to ₹ 930 lakh with a margin of 12.5%, and PAT reaching ₹ 702 lakh, turning positive YoY in Q1FY25.
Financial Performance Summary Q1FY25 (₹ in lakh)
|
Particulars |
Q1FY25 |
Q1FY24 |
YoY |
FY24 |
FY23 |
YoY |
|
Total Income |
90,219 |
75,541 |
19.4% |
3,66,244 |
2,07,333 |
76.6% |
|
EBITDA |
12,886 |
9,734 |
32.4% |
49,103 |
25,393 |
93.4% |
|
EBITDA Margin |
14.4% |
12.9% |
+150bps |
13.5% |
12.3% |
+120bps |
|
PAT |
8,923 |
6,360 |
40.3% |
33,279 |
12,538 |
165.4% |
|
PAT Margin |
9.9% |
8.4% |
+150bps |
9.1% |
6.0% |
+310bps |
Jupiter Wagons
Jupiter Wagons Limited (JWL) provides a wide range of mobility solutions, including freight wagons, locomotives, passenger coaches, metro coaches, commercial vehicles, ISO marine containers, and various components like couplers, brake systems, wheels, axles, and wheel sets.
With manufacturing facilities in Kolkata, Jamshedpur, Indore, Jabalpur, and Aurangabad, JWL integrates its operations through its foundry. The company partners with global firms such as Tatravagonka, DAKO-CZ, Kovis Proizvodna, and Telleres Alegria S.A.
With over four decades of experience, JWL serves industries like railways, metro rail, automotive, logistics, construction, healthcare, energy, mining, and infrastructure, and has a prestigious client base including Indian Railways, American Railroads, Indian Ministry of Defense, BEML, Alstom, Tata Motors, GE, and Volvo Eicher Motors.
Jupiter Electric Mobility
Jupiter Electric Mobility (JEM) is the electric vehicle arm of Jupiter Wagons Limited (JWL), a company with over four decades of experience in manufacturing. JEM focuses on developing commercial electric vehicles (EVs) to support smart city initiatives and modern infrastructure globally.
Their e-LCVs, including the JEM TEZ and EV Star CC, are designed for speed, efficiency, and sustainability, featuring high-efficiency powertrains, advanced batteries, and telematics for live tracking. These vehicles offer various payload capacities, ranges, and charging options to meet diverse business needs. JEM aims to be an innovative and reliable brand that promotes a sustainable environment.
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Jupiter Wagons' subsidiary has received ARAI approval for its 1-ton commercial EV - FAQs
1. What was Jupiter Wagons' total income in Q1FY25?
Jupiter Wagons' total income in Q1FY25 was ₹90,219 lakh.
2. How much did Jupiter Wagons' total income grow year-over-year (YoY) in Q1FY25?
Jupiter Wagons' total income grew by 19.4% year-over-year (YoY) in Q1FY25.
3. What was Jupiter Wagons' EBITDA in Q1FY25?
Jupiter Wagons' EBITDA in Q1FY25 was ₹12,886 lakh.
4. How much did Jupiter Wagons' EBITDA grow YoY in Q1FY25?
Jupiter Wagons' EBITDA grew by 32.4% YoY in Q1FY25.
5. What was Jupiter Wagons' EBITDA margin in Q1FY25?
Jupiter Wagons' EBITDA margin in Q1FY25 was 14.4%.
6. What was the consolidated EBITDA margin for Jupiter Wagons in Q1FY25?
The consolidated EBITDA margin for Jupiter Wagons in Q1FY25 was 15.5%.
7. What challenges did Jupiter Wagons face in Q1FY25?
In Q1FY25, Jupiter Wagons faced challenges from a two-month general election and peak summer conditions affecting the supply chain across its multi-location plants.
8. What was Jupiter Wagons' Profit After Tax (PAT) in Q1FY25?
Jupiter Wagons' Profit After Tax (PAT) in Q1FY25 was ₹8,923 lakh.
9. How much did Jupiter Wagons' PAT grow YoY in Q1FY25?
Jupiter Wagons' PAT grew by 40.3% YoY in Q1FY25.
10. What was Jupiter Wagons' PAT margin in Q1FY25?
Jupiter Wagons' PAT margin in Q1FY25 was 9.9%.
11. What was Jupiter Wagons' EPS for Q1FY25?
Jupiter Wagons' Earnings Per Share (EPS) for Q1FY25 was ₹2.16 per share.
12. What is the face value of Jupiter Wagons' shares?
The face value of Jupiter Wagons' shares is ₹10 each.
13. How did Jupiter Wagons' wheelset manufacturing subsidiary perform in Q1FY25?
Jupiter Wagons' wheelset manufacturing subsidiary reported a five-fold increase in revenue and a Profit After Tax (PAT) of ₹702 lakh in Q1FY25.
14. What was the revenue increase for Jupiter Wagons' wheelset manufacturing subsidiary in Q1FY25?
The revenue for Jupiter Wagons' wheelset manufacturing subsidiary increased five-fold year-over-year in Q1FY25.
15. What was the PAT for Jupiter Wagons' wheelset manufacturing subsidiary in Q1FY25?
The Profit After Tax (PAT) for Jupiter Wagons' wheelset manufacturing subsidiary in Q1FY25 was ₹702 lakh.
16. Who is the Managing Director of Jupiter Wagons Ltd.?
The Managing Director of Jupiter Wagons Ltd. is Mr. Vivek Lohia.
17. What sectors is Jupiter Wagons diversifying into?
Jupiter Wagons is diversifying into sectors such as railway components, commercial vehicles, brake discs, brake systems, and containers.
18. What was the total income for Jupiter Wagons in FY24?
The total income for Jupiter Wagons in FY24 was ₹3,66,244 lakh.
19. How much did Jupiter Wagons' total income grow YoY in FY24?
Jupiter Wagons' total income grew by 76.6% year-over-year (YoY) in FY24.
20. What was Jupiter Wagons' EBITDA in FY24?
Jupiter Wagons' EBITDA in FY24 was ₹49,103 lakh.
21. How much did Jupiter Wagons' EBITDA grow YoY in FY24?
Jupiter Wagons' EBITDA grew by 93.4% YoY in FY24.
22. What was Jupiter Wagons' EBITDA margin in FY24?
Jupiter Wagons' EBITDA margin in FY24 was 13.5%.
23. What was Jupiter Wagons' EBITDA margin in FY23?
Jupiter Wagons' EBITDA margin in FY23 was 12.3%.
24. What was Jupiter Wagons' PAT in FY24?
Jupiter Wagons' Profit After Tax (PAT) in FY24 was ₹33,279 lakh.
25. How much did Jupiter Wagons' PAT grow YoY in FY24?
Jupiter Wagons' PAT grew by 165.4% YoY in FY24.
26. What was Jupiter Wagons' PAT margin in FY24?
Jupiter Wagons' PAT margin in FY24 was 9.1%.
27. What was Jupiter Wagons' PAT margin in FY23?
Jupiter Wagons' PAT margin in FY23 was 6.0%.
28. What is the order book value for Jupiter Wagons as of 30th June 2024?
The order book value for Jupiter Wagons as of 30th June 2024 is ₹7,02,834 lakh.
29. Which subsidiary of Jupiter Wagons received ARAI approval in Q1FY25?
Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons, received ARAI approval in Q1FY25.
30. What vehicle did Jupiter Electric Mobility (JEM) receive ARAI approval for in Q1FY25?
Jupiter Electric Mobility (JEM) received ARAI approval for the JEM TEZ, a 1-ton commercial electric vehicle (EV), in Q1FY25.
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