Jain Resource Recycling Q1 FY27 Revenue Soars 76% to ₹2,725 Crore; EBITDA Grows 22%
Jain Resource Recycling Limited (JRRL) reported a 76% year-on-year revenue growth to ₹2,725 crore in Q1 FY27. EBITDA increased by 22% to ₹110 crore, and PAT grew 23% to ₹69 crore. Copper products now form 67% of revenue. Several value-added copper projects are progressing towards commissioning in Q2 and Q3 FY27.
The substantial revenue and profit growth, coupled with strategic expansion in value-added copper products and progress on multiple projects, indicate a significant positive impact on the company's financial performance and future growth prospects.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, driven by strong performance in its core recycling operations and growing contribution from copper products. The resumption of operations at Unit-2 after an incident and progress on new projects further contribute to a positive outlook.
Jain Resource Recycling Limited (JRRL) reported a strong start to FY27 with consolidated revenue from operations reaching approximately ₹2,725 crore for the first quarter ended June 30, 2026. This represents a significant year-on-year growth of 76% compared to the same period last year.
EBITDA for the quarter stood at approximately ₹110 crore, marking a 22% increase year-on-year. Profit After Tax (PAT) was approximately ₹69 crore, up by 23% year-on-year. The company's performance was driven by the resilience of its core recycling operations, strong growth in copper volumes, and initial contributions from its value-added copper products.
Despite a temporary impact on margins due to an evolving product mix and the ramp-up phase of new value-added businesses, JRRL remains focused on improving earnings quality through greater value addition and enhanced capacity utilization. The company also provided an update on the furnace accident at its Unit-2 facility on July 14, 2026. Operations resumed on July 27, 2026, after necessary assessments and corrective actions, with insurance claims being processed.
Copper and copper products are increasingly becoming the company's primary revenue driver, contributing 67% of consolidated revenue in Q1 FY27, up from 55% in FY26. The company successfully commissioned its copper anode facility and is progressing with other copper projects, including cathodes, wire rods, and busbars, with staggered commissioning expected through Q2 and Q3 FY27. The antimony project is also on schedule for Q3 FY27 commissioning. Trial production has commenced at the Ahmedabad joint venture facility, and the Kuwait strategic investment is progressing despite logistical challenges.
Looking ahead, JRRL anticipates continued growth supported by the increasing focus on sustainable manufacturing and circular economy practices. Supply chain conditions are improving, and the company expects inventory levels to build up, supporting production ramp-up. Key priorities for FY27 include ramping up new capacities, executing growth projects, restoring affected facilities, maintaining working capital discipline, and improving earnings quality.
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