Latest News | JWL Q2 Profit Triples to Rs 81 Crore

New Delhi, Oct 30 (PTI) Jupiter Wagons Ltd (JWL) on Monday said its consolidated net profit more than tripled to Rs 81.58 crore in the second quarter ended September 30.

It had reported a net profit of Rs 24.80 crore for the July-September period a year ago, the company said in a statement.

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JWL's revenue from operation increased to Rs 879.30 crore in the quarter under review from Rs 416.72 crore during the year-ago period.

According to the statement, the company's EBITDA (Earnings before interest, taxes, depreciation, and amortisation) margin improved to 13.8 per cent in Q2 FY24 from 12 per cent in Q2 FY23.

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"We have made meaningful progress this quarter on implementing our growth plans which will enable us to further scale up operations. We are adding capacity to the foundry at the Kolkata Unit while setting up a new foundry at our Jabalpur Unit," JWL Managing Director Vivek Lohia said.

JWL offers comprehensive mobility solutions, including freight wagons, locomotives, passenger coaches (LHB), braking systems, metro coaches, commercial vehicles, ISO marine containers, and products such as couplers, draft gears, bogies, and CMS crossings .

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)