Jain Resource Recycling Q3 & 9M FY26: Revenue surges 56% to ₹2,775 Cr, PAT up 115%
Jain Resource Recycling reported Q3 FY26 revenue of ₹2,775 Cr (up 56% YoY) and PAT of ₹126 Cr (up 115% YoY). For 9M FY26, revenue was ₹6,438 Cr (up 38% YoY) and PAT was ₹281 Cr (up 65% YoY). The company is acquiring a 25% stake in a Kuwait-based firm for USD 3 million and forming a JV for a copper scrap facility in Ahmedabad, expected by June 2026.
The significant financial performance improvements and strategic expansion plans, including acquisitions and joint ventures, are expected to have a substantial positive impact on the company's future growth and market position.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the quarter and nine months ended December 31, 2025. Strategic acquisitions and joint ventures are also progressing, indicating positive future outlook.
Jain Resource Recycling Limited (JAINREC) has announced its financial results for the third quarter and nine months ended December 31, 2025. The company reported a significant increase in revenue and profit for both periods.
For the third quarter of FY26, consolidated revenue from operations grew by 56% year-on-year to ₹2,775.2 crore, up from ₹1,780.8 crore in Q3 FY25. EBITDA increased by 122% to ₹198.9 crore, and Profit After Tax (PAT) surged by 115% to ₹126.3 crore.
During the nine months of FY26, consolidated revenue from operations reached ₹6,438.1 crore, a 38% increase compared to ₹4,669.4 crore in the same period last year. EBITDA rose by 65% to ₹449.0 crore, and PAT grew by 65% to ₹281.4 crore. The company highlighted that copper & copper alloy products contributed approximately 52% of the total revenue, lead & lead alloy ingots accounted for 43%, and Aluminium & Aluminium products represented 4%. The revenue mix for 9M FY26 was 30% domestic and 70% exports.
Key strategic initiatives include the approval to acquire a 25% stake in M/s. Abraj Al Khaleej, Kuwait Company, to expand its presence in the Middle East, with an estimated investment of approximately USD 3 million, expected to materialize by Q3 FY27. Additionally, JAINREC has entered into a Joint Venture with C&Y Group Investments Inc. to establish a copper scrap recycling facility in Ahmedabad, with the plant expected to be operational by June 2026. The company is also progressing on its Value-Added Copper Products project, with the Copper Anode segment expected to commence operations in Q4 FY26 and Copper Cathode in Q1 FY27. The tin division has increased its production capacity to 500 MTPA. Looking ahead, JAINREC plans to focus on expanding capacities, strengthening its presence in non-ferrous recycling, and accelerating forward integration into higher value-added copper products, while also exploring opportunities in tyre, e-waste, and solar panel recycling.
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