Jain Resource Recycling Ltd

Q3 FY26Diversified Metals

Jain Resource Recycling Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹296

Market cap₹11.1K Cr

P/E30.6

Updated23 Aug 2026

Read4 min read

The short version

Jain Resource Recycling Limited targets to maintain or exceed historical growth rates of 40%-50% year-on-year. Company targets to maintain or exceed historical revenue growth of 40%-50% year-on-year, with past growth at 60% in the last year and 38% by December 2025.

From Jain Resource Recycling Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Jain Resource Recycling Limited targets to maintain or exceed historical growth rates of 40%-50% year-on-year.
Last year they achieved 38% growth by December, surpassing their own 20% projected growth.
Growth is driven by new verticals and capacity expansions including:
Commissioning of value-added product projects (copper anode, cathode, wire rod, busbar, profiles).
Launch of Ahmedabad plant (US joint venture) with 25,000 tons capacity annually.
Battery recycling plant in Kuwait starting November-December.
Strong focus on multi-commodity recycling with expansion into new metals increasing revenue streams.

2 more points management made on revenue & sales performance

Profitability & Margins

Company targets to maintain or exceed historical revenue growth of 40%-50% year-on-year, with past growth at 60% in the last year and 38% by December 2025.
EBITDA margin expected to improve by up to 1% due to value-added product projects (copper value-added product and antimony project).
EBITDA per ton anticipated to rise from INR50-55k to around INR70-75k once value-added product plants start.
Profit after Tax (PAT) grew approximately 65% YoY for 9 months ending Dec 2025, with PAT margin improving from 3.7% to 4.4%.
Return on Equity (ROE) at around 30%, Return on Capital Employed (ROCE) expected to return to 25%-30% range once working capital cycle normalizes.

2 more points management made on profitability & margins

See what Jain Resource Recycling Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Value-added product project (Jain Green Technologies Unit 3):
Total planned capex: ~INR 100 crores
Spent till Dec 2025: INR 57 crores
Additional INR 15 crores expected in the current financial year
Remaining INR 30 crores to be spent next year
Includes production of copper anode, cathode, wire rod, busbar, profiles, and coating
Phase 1 commissioning starting June 2026
Kuwait Joint Venture (Battery Recycling Project):
Planned capex: INR 7-8 crores next financial year
Focus on battery recycling with raw material sent to India for lead ingot production
Ahmedabad project (Joint venture with US company C&Y Holding):
Copper scrap recycling capacity of ~25,000 tons per annum
To be commissioned by June 2026
Strategic Investment:
25% equity stake in M/s Abraj Al-Khaleej, Kuwait to support Middle East expansion

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

No explicit mention of any current or future debt or equity fundraising plans in the transcript.
The company has utilized IPO proceeds (INR 500 crores primary issue) for debt repayment and general corporate purposes.
Bank limits that were repaid have been re-availed to support higher working capital requirements due to copper price increases.

2 more points management made on fundraising & capital structure

See what Jain Resource Recycling Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided pages (13-20) of the Jain Resource Recycling Limited document do not explicitly mention the current or expected order book or pending orders details. The discussion mainly focuses on: - Operational performance, EBITDA margins, and hedging mechanisms. - Expansion projects including value-added product plants and joint ventures (e.g., Kuwait battery recycling). - Capex plans totaling approximately INR 110 crores for ongoing and upcoming projects.

2 more points management made on order book & pipeline

Jain Resource Recycling Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.0K Cr, net profit ₹62 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Jain Resource's management said in earlier quarters

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Frequently Asked Questions

What were Jain Resource Recycling Ltd Q3 FY26 results?

What is Jain Resource Recycling Ltd share price analysis?

Jain Resource Recycling Ltd currently shows a neutral. The stock trades at a P/E of 30.6 with a market cap of ₹11,131 Cr. Investors should review the full earnings analysis for detailed insights.

Is Jain Resource Recycling Ltd planning capital expenditure?

Value-added product project (Jain Green Technologies Unit 3): - Total planned capex: ~INR 100 crores - Spent till Dec 2025: INR 57 crores - Additional INR 15 crores expected in the current fin

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.