Rs 6,000 crore order book: This multibagger wagon manufacturing company reports a 378 per cent jump in net profit!

Shares of the company grew by more than 140 per cent in the last six months.

Jupiter Wagons Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The revenue of the company for Q1FY24 stood at Rs 753.19 crore which grew by 154.97 per cent YoY. The operating profit of the company stood at Rs 99.03 crore, growing 217.14 per cent YoY while the PAT of the company grew by 386.46 per cent YoY staying at Rs 63.06 crore.

The company is also expecting new orders for which tenders for the new wagon tender for 50,000 to 80,000 wagons are expected to come out in the next three to four months, and the orders are expected to come in Q2 or Q3.

Jupiter Wagons Limited is a leading player in the Indian railway wagon manufacturing industry. The railway wagon capacity is currently 7,400 wagons per annum and the company plans to expand it to 8,400 wagons per annum by the end of the year.

Jupiter Wagons Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 60.70 on August 10, 2022, to Rs 233.00 on August 09, 2023, an increase of about 290 per cent in one year holding period.

The company has more than Rs 6,000 crore worth of order books and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.