NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Research Report
Jupiter Wagons Ltd. delivered yet another robust set of results as revenue/Ebitda/profit after tax saw a strong growth of 57%/60%/167% YoY led by higher volume growth and better margin.
The company manufactured the highest-ever 2,520 wagons during the quarter, a whopping 64.5% YoY/31% QoQ growth which corresponds to a run rate of 840 wagons/month. As a result, revenue increased sharply by 57% YoY/+25% QoQ to Rs 11.1 billion. This was further bolstered by 35% growth in commercial vehicle bodies volume to 2,911.
Ebitda margin improved marginally by 25 basis points YoY/ -67 bps QoQ to 13.2%. The sequential fall in margin is largely due to higher raw material costs as Jupiter Wagons ordered more wheels.
Net profit was further supported by higher other income of Rs 116 million versus Rs 50 million QoQ owing to a higher cash balance. Net profit rose 167% YoY/28% QoQ to Rs 1.05 billion.
Click on the attachment to read the full report:
Also Read: Piramal Enterprises Q4 Results Review - More Stress Ahead; Downgrade To Neutral: Motilal Oswal
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR