Jain Resource Recycling: Q3 FY26 Earnings Call Transcript Released
Jain Resource Recycling reported robust Q3 & 9M FY26 results with revenue up 38% to ₹6,438 Cr and PAT up 65% to ₹281 Cr. Key expansions include value-added copper products, a JV copper recycling plant in Ahmedabad operational from June 2026, and antimony extraction by Q3 FY27. The company also invested in a Kuwait-based firm.
The announcement details substantial capacity expansions, strategic investments, and strong financial performance, which are material events likely to impact the company's future growth and profitability.
The company reported strong financial growth in revenue and profits, detailed significant expansion plans across multiple verticals (copper, antimony, tin), and announced a strategic investment, indicating positive future prospects.
Jain Resource Recycling Limited (formerly Jain Resource Recycling Private Limited) has released the transcript of its Earnings Conference Call held on February 11, 2026. The call, which discussed the Unaudited Financial Results for the quarter and nine months ended December 31, 2025, featured insights from Chairman and Managing Director Kamlesh Jain, Joint Managing Director Mayank Pareek, and CFO Hemant Jain.
During the call, the management highlighted a strong performance for the nine months of FY26, with revenues growing by 38% to approximately ₹6,438 crores and EBITDA increasing by 65% to approximately ₹449 crores, resulting in an EBITDA margin of 7%. Profit After Tax (PAT) also grew by 65% to approximately ₹281 crores, with a PAT margin of 4.4%. The company emphasized its strategic focus on two dimensions for growth: volume drivers and profitability drivers.
Key strategic initiatives include forward integration in copper through Jain Green Technologies, focusing on value-added products like anodes, cathodes, wire rods, and busbars. The copper anode phase is expected to commence in February 2026 with a capacity of 800 tons per month, followed by the copper cathode phase in March 2026. The company is also expanding its copper recycling capacity through a joint venture, Jain CY Circular Solutions Private Limited, in Ahmedabad, with a plant capacity of 72,000 metric tons per annum of scrap processing, expected to be operational in phases from June 2026.
Further expansion includes extracting antimony from lead-acid battery scrap, with plant commissioning targeted for Q3 FY27, and an increase in tin capacity to 500 metric tons per annum. The company also announced a strategic investment of a 25% equity stake in M/s. Abraj Al-Khaleej, Kuwait, to support its Middle East expansion.
Discussions also touched upon the working capital cycle, which currently stands at 82 days, attributed to factors like New Year holidays, significant copper inventory, and longer payment cycles for copper compared to lead. The management expects the working capital cycle to improve in the next quarter. The company reaffirmed its commitment to long-term sustainability and circular economy goals, exploring opportunities in tire, e-waste, and solar panel recycling.
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Jain Resource Recycling Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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