Jain Resource Recycling
Other · 2 quarters tracked · source-linked performance and management context.
Latest revenue
₹2,775 Cr
verified financial record
Quarters tracked
2
source records in the directory
Delivery assessment
0
Across 2 tracked commitments: 0 delivered, 2 missed.
Call date
2026-02-10
latest available source date
Signal trajectory
2 actual quartersCurrent read
0/100
Across 2 tracked commitments: 0 delivered, 2 missed.
Latest source read
What changed this quarter?
Jain Resource Recycling delivered a strong Q3 FY26 with 9-month consolidated revenue of ₹6,438 crore (+38% YoY), EBITDA of ₹449 crore (+65% YoY), and PAT of ₹281 crore (+65% YoY). EBITDA margin expanded ~120 bps to 7.0%, driven by operating leverage, improved product mix, and disciplined hedging. Copper contributed 52% of revenue; exports accounted for 70%. Management guided for sustained 40-50% historical growth, backed by four new verticals: value-added copper products (anode/cathode/wire rod/busbar) commissioning from Feb 2026, a JV copper recycling plant in Ahmedabad (25,000 TPA, June 2026), a Kuwait battery recycling JV (Q3 FY27), and antimony extraction from lead scrap (Q3 FY27). Capex for FY27 is ~₹110 crore. Key risk: working capital days rose to 82 due to inventory buildup and copper price volatility; management expects normalization to 60-65 days by March 2026.
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Signal
Positive
Revenue
₹2,775 Cr
Source date
2026-02-10
Across the record
Quarter history.
History modules