Jain Resource Recycling Share Price

Audio Recording of the Earnings Call on the Un-audited Financial Results for the quarter ended June 30, 2026.

• BSE India
• 1 day 16 hours ago

<h3><span style="font-size:16px;"><strong>Non-Ferrous Metals company Jain Resource Recycling announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c1006311636=""><strong>Standalone Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Total Income:</strong> For Q1FY27, the total income was Rs 26,537.49 million, representing a YoY growth of 79.50% compared to Rs 14,784.23 million in Q1FY26 and a QoQ decline of 12.78% from Rs 30,424.86 million in Q4FY26. The total income for FY26 stood at Rs 92,679.59 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Revenue from Operations:</strong> The revenue from operations reached Rs 26,411.06 million in Q1FY27, showing a significant YoY increase of 79.70% from Rs 14,696.91 million in Q1FY26, and a QoQ decrease of 12.84% from Rs 30,302.98 million in Q4FY26. For the full year FY26, the revenue was Rs 92,311.09 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Other Income:</strong> Other income for Q1FY27 stood at Rs 126.43 million, increasing by 44.79% YoY from Rs 87.32 million in Q1FY26 and rising 3.73% QoQ from Rs 121.88 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Profit Before Tax:</strong> In Q1FY27, the profit before tax was Rs 972.91 million, a growth of 22.56% YoY from Rs 793.82 million in Q1FY26 and a growth of 16.43% QoQ from Rs 835.62 million in Q4FY26. The annual profit before tax for FY26 was Rs 4,677.87 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Net Profit:</strong> The net profit for Q1FY27 was reported at Rs 726.87 million, marking a YoY growth of 22.88% compared to Rs 591.51 million in Q1FY26 and a QoQ increase of 17.25% from Rs 619.93 million in Q4FY26. The net profit for FY26 was Rs 3,466.80 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Total Comprehensive Income:</strong> For Q1FY27, the total comprehensive income stood at Rs 726.26 million, compared to Rs 589.77 million in Q1FY26 and Rs 620.10 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Earnings Per Share (EPS):</strong> Basic and diluted EPS for Q1FY27 was Rs 2.11, up from Rs 1.83 in Q1FY26 and Rs 1.80 in Q4FY26.</li> </ul> <p _ngcontent-ng-c1006311636=""><strong>Consolidated Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Revenue from Operations:</strong> Consolidated revenue for Q1FY27 was Rs 27,244.58 million, reflecting a YoY growth of 75.86% from Rs 15,492.50 million in Q1FY26 and a QoQ decline of 12.26% from Rs 31,049.83 million in Q4FY26. The revenue for FY26 was Rs 95,431.13 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Total Income:</strong> The total income for Q1FY27 reached Rs 27,335.88 million, up 75.63% YoY from Rs 15,564.31 million in Q1FY26 and down 12.24% QoQ from Rs 31,146.61 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Profit Before Tax from Continuing Operations:</strong> For Q1FY27, this stood at Rs 941.05 million, a YoY growth of 20.93% from Rs 778.15 million in Q1FY26 and a QoQ growth of 6.05% from Rs 887.36 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Net Profit:</strong> The consolidated net profit for Q1FY27 (including continuing and discontinued operations) was Rs 694.07 million, showing a YoY growth of 22.78% from Rs 565.27 million in Q1FY26 and a QoQ growth of 5.11% from Rs 660.30 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Total Comprehensive Income:</strong> For Q1FY27, total comprehensive income was Rs 694.32 million, compared to Rs 566.39 million in Q1FY26 and Rs 651.09 million in Q4FY26.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Earnings Per Share (EPS):</strong> Basic and diluted EPS from continuing and discontinued operations for Q1FY27 was Rs 2.02, up from Rs 1.77 in Q1FY26 and Rs 1.91 in Q4FY26.</li> </ul> <p _ngcontent-ng-c1006311636=""><strong>Business Highlights:</strong></p> <ul _ngcontent-ng-c1006311636=""> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Segment-wise Performance:</strong> <ul> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Copper & Copper Ingots:</strong> This segment contributed the highest revenue of Rs 18,373.47 million with a segment result (profit) of Rs 455.44 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Lead & Lead Alloy Ingots:</strong> Revenue from this segment was Rs 7,855.39 million with a segment result of Rs 599.92 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Aluminium & Aluminium Alloys:</strong> The segment recorded revenue of Rs 714.38 million and a segment result of Rs 46.66 million.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Others:</strong> Revenue stood at Rs 301.34 million with a segment loss of Rs 6.68 million.</li> </ul> </li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">IPO and Listing:</strong> The Company successfully completed its Initial Public Offering (IPO) of 5,38,79,309 equity shares at Rs 232 per share. The equity shares were listed on the NSE and BSE on October 01, 2025.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Utilization of IPO Proceeds:</strong> As of June 30, 2026, the Company utilized the entire revised amount of Rs 4,736.43 million from its IPO proceeds. Of this, Rs 3,750.00 million was used for the pre-payment or scheduled repayment of outstanding borrowings.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Joint Venture (JV) Loan:</strong> During Q1FY27, the Company granted a loan of Rs 122.96 million to its Joint Venture, Jain CY Circular Solutions Private Limited. The Company also provided a corporate guarantee of Rs 500 million in favor of ICICI Bank Limited on behalf of this JV.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Alteration of Memorandum of Association (MOA):</strong> On July 30, 2026, shareholders approved an alteration to the MOA to include the business of telecommunication, communication cables, and related infrastructure in the Company's objects.</li> <li _ngcontent-ng-c1006311636=""><strong _ngcontent-ng-c1006311636="">Board Resignation:</strong> Mr. Kandaswamy Paramasivan resigned from his position as an Independent Director of the Company effective from the forenoon of August 03, 2026.</li> </ul> <p><strong>Kamlesh Jain, Chairman & Managing Director, said:</strong> "We are pleased to begin FY27 with another quarter of strong operational and financial performance, reflecting the successful execution of our growth strategy and the resilience of our integrated recycling business. Consolidated Revenue from Operations for Q1FY27 stood at ~Rs 2,725 crore, registering a robust 76% year-on-year growth. EBITDA increased to ~Rs 110 crore, while Profit After Tax stood at ~Rs 69 crore, reflecting healthy year-on-year growth of 22% and 23%, respectively. While margins moderated during the quarter owing to the evolving product mix and the initial ramp-up of our value-added copper business, we believe these investments will strengthen our earnings profile and support sustainable margin expansion as utilization levels improve.</p> <p>Our strategic focus on copper continues to deliver encouraging results, with copper and copper products contributing ~67% of consolidated revenue during the quarter. Strong growth in copper volumes, coupled with the initial contribution from value-added products, underscores the success of our forward integration strategy. At the same time, our lead business continued to deliver stable profitability, supported by our diversified product portfolio, disciplined sourcing capabilities and long-standing customer relationships.</p> <p>On the execution front, we achieved a significant milestone with the successful commissioning of the entire Copper Anode production line, with both furnaces now operational. This marks an important step in our journey towards becoming a fully integrated player across the copper value chain. The Copper Cathode project remains on track for commissioning in Q2FY27, while the Copper Wire Rod and Copper Busbar projects are progressing as planned and are expected to be commissioned during Q3FY27. These projects will significantly expand our value-added product portfolio, enhance customer integration and strengthen our competitive positioning in the non-ferrous recycling industry.</p> <p>Our diversification initiatives are also progressing well. The Antimony project remains on schedule for commissioning in Q3FY27, expanding our presence in specialty metals. Our Ahmedabad joint venture with C&Y Group started its trial production and is expected to streamline its operations by Q2FY27, strengthening our copper recycling ecosystem and processing capabilities. We are also advancing the development of our dedicated plastic recycling facility, which will improve operational efficiency by decongesting our existing facilities and further reinforce our commitment to the circular economy. Meanwhile, our Kuwait strategic investment continues to progress, with temporary shipment delays arising from the prevailing geopolitical situation in West Asia.</p> <p>During the quarter, operations at our Unit-II facility were temporarily impacted following a fire incident in one of the manufacturing sheds. We acted swiftly to implement the required corrective actions and strengthen safety measures across the facility. Following detailed inspections and regulatory approvals, manufacturing operations have now resumed across Unit-II, excluding the affected shed, where restoration work and the remaining statutory compliances are progressing as planned. This incident has not altered our long-term growth plans, and we remain firmly committed to maintaining the highest standards of safety, operational excellence and business continuity.</p> <p>Looking ahead, we remain optimistic about the long-term prospects of the non-ferrous recycling industry, supported by favourable regulatory initiatives, increasing demand for recycled metals and the global transition towards sustainable manufacturing. With multiple value-added projects nearing commercialization, a strong execution pipeline and a robust sourcing network, we are well positioned to capitalize on the next phase of growth while continuing to create sustainable long-term value for our stakeholders."</p> <p><a class="lb" href="/get-document/post/pdf/5762232/" target="_blank">Result PDF</a></p>

• Trendlyne
• 1 day 22 hours ago

Jain Resource Recycling Limited has informed the exchange on the investor presentation relating to the earnings call scheduled to be held on August 4, 2026

• BSE India
• 2 days 13 hours ago