India, June 6 -- India's railways are at the center of one of the country's biggest infrastructure pushes. Freight volumes are rising, Dedicated Freight Corridors are becoming operational, and rolling stock demand is accelerating on both the freight and passenger sides. Two listed manufacturers, both rooted in the same national opportunity, are building very different businesses around it, and FY26 results make those differences sharper than ever.

FY26 Financials: How Both Companies Performed Jupiter Wagons reported consolidated revenue of Rs.2,916 crore for FY26, down 26 percent from Rs.3,963 crore in FY25. EBITDA came in at Rs.363 crore at a margin of 12.4 percent, compressed from 14.6 percent in the prior year. Consolidated PAT fell ...