Jain Resource Recycling Limited (JAINREC) Financial Results — Revenue ₹9,543 Cr

Revenue: ₹9,543 CrNet Profit: ₹347 Cr

📢 Key Event
Jain Resource Recycling Limited reported FY26 PAT growth of 56% to INR347 crores with 3.6% margins, driven by operating leverage and product mix.

🔄 What Changed
56% PAT growth YoY, 76% Q4 revenue growth to INR3,105 crores, EBITDA guidance of INR30,000-32,000 per ton for copper, and INR15 crores plastic recycling capex.

🔮 What's Next
INR30,000-32,000 per ton EBITDA guidance for copper, INR15 crores capex for plastic recycling unit in Q3 FY27, and operations starting September 2026 for Ahmedabad JV.

💡 Investor Takeaway
The company is advancing value-added copper production and recycling initiatives to improve margins and reduce cyclicality, with capacity expansions and strategic JV progress supporting long-term growth.

Jain Resource Recycling Limited reported FY26 PAT growth of 56% to INR347 crores with 3.6% margins, driven by operating leverage and product mix. Q4 FY26 revenue surged 76% YoY to INR3,105 crores, though EBITDA per ton faced temporary compression due to LME price volatility and geopolitical logistics costs. The company emphasized forward integration into value-added copper products to improve margins and reduce cyclicality, with capacity expansions in copper anode, cathode, wire rod, and bus bar projects underway by Q1-FY27 to Q3-FY27. The Ahmedabad JV with C&Y Group for copper scrap processing begins operations in September 2026, alongside a planned INR15 crores plastic recycling unit in Q3 FY27. International progress includes a Kuwait battery recycling venture. Volume growth of 26.5% in FY26 was driven by both volume and value realization, with EBITDA guidance of INR30,000–32,000 per ton for copper and incremental EBITDA of INR25-45 per kg from value-added products targeting margin expansion of 2-4%.

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