Jain Resource Recycling Q1FY27 Revenue Surges 76% to ₹2,725 Crore; PAT Up 23%
Jain Resource Recycling's Q1FY27 revenue soared by 76% to ₹2,725 crore. PAT grew 23% to ₹69 crore. Key projects like Copper Cathode (Q2 FY27) and Copper Wire Rod/Busbar (Q3 FY27) are progressing. An Antimony project and a plastic recycling facility are also slated for Q3 FY27 completion.
The substantial revenue growth, coupled with the commissioning and planned commissioning of several value-added product lines and strategic projects, is expected to have a significant positive impact on the company's future financial performance and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with significant progress on multiple expansion projects, indicating positive operational and financial performance.
Jain Resource Recycling Limited announced its financial results for the first quarter of fiscal year 2027 (Q1FY27), reporting a significant 76% year-on-year growth in consolidated revenue from operations, which reached approximately ₹2,725 crore. The company's EBITDA increased by 22% to ₹110 crore, and Profit After Tax (PAT) grew by 23% to ₹69 crore compared to the same period last year.
The company highlighted that copper and copper products contributed approximately 67% of the consolidated revenue during the quarter. The Chairman & Managing Director, Mr. Kamlesh Jain, commented on the strong performance, attributing it to the successful execution of their growth strategy and the resilience of their integrated recycling business. He noted that while margins moderated due to product mix evolution and the ramp-up of the value-added copper business, these investments are expected to strengthen the earnings profile and support sustainable margin expansion.
Key operational milestones include the commissioning of the entire Copper Anode production line. The Copper Cathode project is on track for commissioning in Q2 FY27, with Copper Wire Rod and Copper Busbar projects expected in Q3 FY27. The Antimony project is also targeted for commissioning in Q3 FY27. The joint venture with C&Y Group in Ahmedabad has commenced trial production and is expected to be operational by Q2 FY27. A dedicated plastic recycling facility is also under development, with an estimated capex of ₹15 crore, expected to be operational by Q3 FY27.
The company experienced a temporary impact at its Unit-II facility due to a fire incident, but manufacturing operations have resumed after implementing corrective actions and safety measures. Looking ahead, Jain Resource Recycling remains optimistic about the non-ferrous metal recycling industry, driven by favorable regulations and increasing demand for recycled metals.
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