Jain Resource Recycling Limited (JRRL) has posted strong financial results for the second quarter of FY26, demonstrating impressive growth across revenue, profitability, and operational efficiency. The company also announced a strategic joint venture with C&Y Group Investments, positioning itself for further expansion in India’s recycling sector.
Q2 Financial Performance
For Q2 FY26, JRRL reported a 52% year-on-year increase in consolidated revenue, which reached Rs 2,113.7 crore, up from Rs 1,392.1 crore in the same period last year. The company’s EBITDA grew 82% to Rs 160 crore, with the margin improving by 127 basis points to 7.6%, reflecting enhanced operational efficiency. Net profit surged 78% to Rs 99.2 crore, compared with Rs 55.8 crore in the corresponding quarter of the previous year.
Segment-wise, the company’s diversified product portfolio contributed significantly to performance:
- Lead & Lead Alloy Ingots: Rs 10,248.35 crore, 74% YoY growth
- Copper & Copper Ingots: Rs 10,010.04 crore, 39% YoY growth
- Aluminium & Aluminium Alloys: Rs 657.77 crore, 118% YoY growth
The Aluminium and Alloys segment delivered the highest growth, more than doubling its revenue from the previous year.
H1 FY26 Performance
For the first half of the fiscal year, JRRL reported consolidated revenue of Rs 3,663 crore (27% YoY growth), EBITDA of Rs 250.1 crore (37% YoY growth), and PAT of Rs 155.1 crore (38% YoY growth), highlighting consistent performance across the period.
Strategic Joint Venture with C&Y Group
JRRL announced a joint venture with C&Y Group Investments, Inc., a leading North American scrap metal exporter. The facility, to be established in Ahmedabad, Gujarat, will focus on recycling and manufacturing from scrap materials such as cables, motors, and copper scrap. JRRL will hold a 52% stake, C&Y Group 45%, and 3% reserved for employee equity. C&Y Group will supply a guaranteed annual quantity of scrap at competitive prices, strengthening JRRL’s value chain and supporting long-term growth.
Management Commentary
Kamlesh Jain, Chairman & Managing Director, emphasized the company’s focus on ESG excellence, innovation, and operational efficiency. He added that the joint venture aligns with JRRL’s vision of fostering a circular and sustainable economy. The company is exploring further opportunities in tyre, e-waste, and solar panel recycling, reflecting its commitment to sustainable growth and capturing the rising demand for environmentally responsible recycling solutions.
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