Analysts/Institutional Investor Meet/Con. Call Updates

August 21, 2026 The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 533272 NSE Symbol : JWL Sub: Transcript of Investor/Analyst Meet call pertaining to the Unaudited Financial Results of the Company for the Q1 FY2027 Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”). Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI Listing Regulations, please find enclosed the Transcript of the Analysts / Investors Meet Call on Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026 held on August 18, 2026. The information is being hosted on the company’s website www.jupiterwagons.com. Kindly take the same on your record. Yours Faithfully, For Jupiter Wagons Limited Ritesh Kumar Singh Company Secretary Corporate Office: 16, Taratala Road, Kolkata – 700088 (W.B.) Phone : 033-6522 9400/01 Regd. Office : 48 Vandana Vihar, Narmada Road, Gorakhpur, Jabalpur - 482001 (M.P.) Phone : 0761-266 1336 Website : www.jupiterwagons.com e-mail : corporate@jupiterwagons.com Jupiter Wagons Limited Q1 FY27 Earnings Conference Call August 18, 2026 MANAGEMENT: MR. VIVEK LOHIA – MANAGING DIRECTOR MR. VINOD KUMAR AGARWAL – CHIEF FINANCIAL OFFICER MR. PUNEET SABOO – VICE PRESIDENT Page 1 of 11 Jupiter Wagons Limited August 18, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call of Jupiter Wagons Limited hosted by Systematix Group. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation concludes. Please note that this conference is being recorded. I now hand the conference over to Mr. Prathmesh Kamath from Systematix Group. Thank you, and over to you, sir. Prathmesh Kamath: Good afternoon, everyone. Thanks for joining us today for the Q1 FY27 earnings call of Jupiter Wagons Limited. On behalf of Systematix, I would like to thank the management for giving us the opportunity to host this call. Today, we have with us Mr. Vivek Lohia, Managing Director, Mr. Vinod Agarwal, Chief Financial Officer, and Mr. Puneet Saboo, Vice President. Now, I would like to hand over the call to the management for their opening remarks, and then, we can open for Q&A. Thank you, and over to you, Vivek, sir. Vivek Lohia: Thank you very much. Good afternoon, all, ladies and gentlemen. Thank you for joining us today to discuss our performance for the first quarter of FY27. I hope you have had the opportunity to review our results presentation and investor communications circulated earlier. FY27 has begun on a strong note for Jupiter Wagons, marked by continued business momentum and meaningful progress across our strategic priorities. Our focus on portfolio diversification and investments in technology, capacity and manufacturing capabilities is enabling us to strengthen our competitive position and capture the significant opportunities emerging across Indian railway and mobility sectors. During Q1 FY27, consolidated revenue from operations increased 46% year-on-year to INR671 crore, while EBITDA grew 9% to INR65 crore, translating into an EBITDA margin of roughly 10%. Profit after tax stood at INR26 crore with PAT margin at 4%. As volume increases and operating leverage improves, we remain confident of delivering stronger profitability in the quarters ahead. We have secured fresh orders worth INR264 crore from JSW Rail Logistics and the Central Warehousing Corporation, reflecting continued customer confidence. In addition, we have also secured additional orders worth INR211 crore from JSW Port Logistics and Orissa Alloy Steel Private Limited. The JSW order comprises 7 BOSM rakes covering 329 BOSM wagons, while the Orissa Alloy order constitutes 150 wagons under the LSFTO scheme. These orders reinforce the growing opportunity in private wagon ownership and leasing while strengthening our leadership in this segment. A key strategic milestone during the quarter was the strengthening of our railwheel platform. We completed the acquisition of the remaining 1.94% stake in Jupiter Tatravagonka Railwheel Factory, increasing our ownership to 100% and giving us complete strategic and operational control, as we prepare for the next phase of growth. Building on this foundation, we entered into Page 2 of 11 Jupiter Wagons Limited August 18, 2026 a landmark strategic partnership with Lucchini RS of Italy and SIMEST. Under the partnership, Lucchini RS and SIMEST, an Italian government financial institute, shall acquire a combined 25% stake in JTRWF with an investment of approximately INR290 crore. Beyond the capital infusion, this partnership brings world-class railwheel technology, engineering expertise and global market access. Together, we are creating India's first fully integrated private sector railwheel manufacturing platform, centering domestic manufacturing capabilities while establishing a strong base for exports and enhancing our global competitiveness. Beyond our traditional railway operations, we continue to build Jupiter Electric Mobility as an important future growth platform. During the quarter, we have secured 110 megawatt of BESS orders for FY27 through strategic MoUs with Chalukya Power and Pickrenew across utility scale and commercial and industrial applications. In parallel, we expanded our clean energy portfolio with modular containerized BESS solutions in 10-foot and 20-foot formats, addressing applications, including renewable energy integration, diesel generator replacement and mobile energy storage. Momentum has accelerated further after the quarter. JEM emerged as a successful bidder for 2 standalone BESS projects in West Bengal with a combined capacity of 100 and 400 megawatts covering the Jeerat and Kharagpur projects. These projects involve approximately INR400 crore of BESS supply and commissioning and will operate under a 15 year build-own-operate model with West Bengal State Electricity Board. With these wins, JEM Energy's BESS order book now increased to approximately 500 megawatts, valued at over INR500 crore. We are targeting a BESS order book of approximately INR1,000 crore by FY27, reflecting our confidence in the structural opportunity presented by India's rapidly expanding energy storage platform. We see energy storage as a natural extension of our mobility and engineering capabilities and an important opportunity to participate in India's transition towards a renewable-led power system. Our objective is to build a scalable technology-driven BESS business, serving both utility scale and commercial and industrial applications. Another important milestone was achieved by Stone India, which received RDSO approval for its freight brake systems during the quarter. Commercial production commenced from July 2026, enabling the company to begin supplying freight brakes to the railway sector. This approval expands our railway safety product portfolio and provides another avenue to participate in the growing demand for engineer's value-added railway components. Our priorities remain clear, we will continue to expand our manufacturing footprint, strengthen backward integration, leverage technology partnerships, enhance our product portfolio and improve execution capabilities. At the same time, we remain focused on operational efficiency, capital discipline and improving profitability as we scale. Thank you for your continued trust and support. I now request the moderator to open the floor for questions. Moderator: Thank you very much. First question is from the line of Rehan Saiyyed from Trinetra Asset Managers. Page 3 of 11 Jupiter Wagons Limited August 18, 2026 Rehan Saiyyed: I hav [Showing first 8,000 characters — download PDF for full document]