India's Jupiter Wagons climbs on June quarter earnings boost

Jupiter Wagons

08/08/2023 06:48

** Shares of Jupiter Wagons  JUWL.NS  rise as much as 4.98%
to 233 rupees after reporting rise in June quarter results
    ** The railway engineering firm reports a nearly five-fold
jump in consolidated net profit to 628.6 mln rupees in June
quarter
    ** Consolidated revenue from operations nearly tripled to
7.53 bln rupees from 2.95 bln rupees Y/Y
    ** "Improved product mix and introduction of value-added
products aided profitability," said Vivek Lohia, managing
director of JUWL
    ** JUWL up ~154% in 2023 so far, including today's gains,
compared to 8% rise in Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))