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Jain Resource Recycling Ltd

Q4 FY26Diversified Metals

Jain Resource Recycling Q4 FY26 earnings call: Revenue & Margins

Q4 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

Copper volume growth expected to be strong double-digit, with potential to exceed 15% (Page 17). Volume Growth: Expected double-digit volume growth, with lead growth guidance at 10-15% and copper potentially exceeding 15% due to increased recycling and scrap availability (Page 17).

From Jain Resource Recycling Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Copper volume growth expected to be strong double-digit, with potential to exceed 15% (Page 17).
Lead volume growth guided at 10% to 15% for FY27 (Page 14, 17).
Overall two-digit volume growth expected in both lead and copper if international disturbances do not intervene (Page 11).
Capacity utilization for copper currently at ~65%, expected to increase over next 2-3 years to support volume growth (Page 14).
Expansion capex of INR115-120 crores planned for FY27, including copper value-added projects, antimony project, plastic recycling, and new projects, supporting growth (Page 14).

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Profitability & Margins

Volume Growth: Expected double-digit volume growth, with lead growth guidance at 10-15% and copper potentially exceeding 15% due to increased recycling and scrap availability (Page 17).
EBITDA: Normalized EBITDA per ton for copper anticipated to stabilize around INR 30,000 to INR 32,000, excluding one-time tailwinds and headwinds experienced in Q3 and Q4 FY '26 (Pages 11-15).
Margin Expansion: Copper downstream projects expected to increase EBITDA margin by 2-4% through value-added products like cathodes and wire rods (Page 15).
Profit Growth: FY '26 profit after tax grew 56% YoY; continued focus on operating leverage and improved product mix suggests further profitability improvement (Page 6).

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Capital Expenditure Plans

INR20 crores for the antimony project.
INR15 crores for a new plastic recycling plant dedicated to byproduct recycling.
INR30 crores for the Ahmedabad project.
INR30 crores for the Kuwait project.

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Fundraising & Capital Structure

No specific mention of current or future fundraising through debt or equity was made in the provided discussion.
The company has utilized approximately INR375 crores from IPO proceeds for debt repayment, indicating a focus on deleveraging.
Planned capex for FY27 is around INR115-120 crores for various projects (copper value-addition phase 2, antimony project, plastic recycling, Ahmedabad and Kuwait projects), suggesting internal accruals or existing resources might fund these.

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Order Book & Pipeline

The provided transcript from Jain Resource Recycling Limited's call does not explicitly mention the current or expected order book or pending orders. However, some relevant points can be inferred regarding ongoing projects and business outlook: - Several new projects, including copper value addition and facilities at Kuwait and Ahmedabad, are expected to go live in the current financial year with ramp-up phased across the year. - Delays due to geopolitical tensions (e.g., West Asia crisis) have been mostly resolved, and project execution is back on track. - Volume growth guidance includes 10-15% growth in lead and potentially even higher double-digit growth in copper volumes.

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Jain Resource Recycling Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.0K Cr, net profit ₹62 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Jain Resource Recycling Ltd's management said in earlier quarters

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Pondy Oxides & Chemicals Ltd (Q4 FY26)
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Innomet Advanced (Q4 FY26)
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Frequently Asked Questions

What were Jain Resource Recycling Ltd Q4 FY26 results?

Copper volume growth expected to be strong double-digit, with potential to exceed 15% (Page 17). Volume Growth: Expected double-digit volume growth, with lead growth guidance at 10-15% and copper potentially exceeding 15% due to increased recycling and scrap availability (Page 17).

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?

INR20 crores for the antimony project.

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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.