Jupiter Wagons Reports Surge in Quarterly Net Profit to Rs 104 Crore

Jupiter Wagons' Q1 net profit surged over two-fold to Rs 104.22 crore, driven by higher income. The company secured an order worth Rs 100 crore and has an order book of Rs 7,101.66 crore. Jupiter Wagons offers rail, road, and marine transportation solutions, as well as commercial electric vehicles.

Jupiter Wagons has posted an over two-fold jump in its standalone net profit to Rs 104.22 crore in the March quarter, on account of higher income.

It had reported a net profit of Rs 40.78 crore in the January-March period of the FY 22-23, the company said in a statement on Wednesday.

The company's total income during the quarter rose to Rs 1,121.34 crore from Rs 712.71 crore in the year-ago period.

During the quarter, Jupiter Wagons Ltd (JWL) secured an order for the manufacturing and supply of four rakes of double-decker automobile carrier wagons totaling Rs 100 crore.

As of March 31, the company's order book stands at Rs 7,101.66 crore.

JWL is a leading provider of comprehensive mobility solutions encompassing rail, road, and marine transportation. The company also has a presence in the Commercial Electric Vehicle (CEV) segment.

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