India's Jupiter Wagons hits 4-month low on profit drop

Jupiter Wagons

13/08/2025 10:54

** Shares of Jupiter Wagons JUWL.NS fall 4.2% to 316 rupees, hitting their lowest level since April 7

** Railway wagons maker posts 64% year-on-year drop in June-quarter consolidated net profit, revenue drops 48%

** JUWL says drop in revenue due to shortage of wheel set supplied by Indian Railways, for which company has majority of its order book

** More than 2.7 mln shares traded, 5 times their 30-day average

** Shares down 37% so far in 2025

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))