Jain Resource Recycling Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 28 May 2026 | Diversified Metals | Market Cap: ₹11.1K Cr
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.
Price
₹296
Market Cap
₹11.1K Cr
P/E Ratio
30.6
How does Jain Resource Recycling Ltd rank in Diversified Metals?
Compare Jain Resource Recycling Ltd against every Diversified Metals company this quarter on revenue, margins and earnings-call signals.
Jain Resource Recycling Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹3.0K Cr, net profit ₹62 Cr.
Full financials →📊 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).
- →Copper downstream/value-added projects expected to improve EBITDA margins by 2% to 4%, adding to revenue quality (Page 14).
- →Management expects normalization of EBITDA per ton in copper at INR30,000 to INR32,000, reflecting steady state (Page 11).
📈 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).
- →**Working Capital and Cash Flow**: Working capital cycle targeted to reduce below 60 days, aiming for positive operating cash flows from Q2 FY '27 onwards (Page 18).
- →**Stable Long-Term Pricing**: Implementation of long-term hedging contracts to reduce volatility in sale price formulas and stabilize earnings (Page 8).
🏗️ 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.
- →Phase two of the copper value-added project, contributing to a total expected capex of around INR115 to INR120 crores for FY27.
- →The new plastic recycling unit targeted to be operational by Q3 FY27, aimed at streamlining copper and lead recycling operations and supporting a zero waste, circular economy model.
💰 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.
- →There was no mention of raising fresh bank borrowings in recent months, despite working capital increases due to volume and price growth.
- →Going forward, the company aims to maintain healthy leverage and working capital efficiency without indicating any imminent new fundraising.
📋 Order Book & Pipeline
Key Metrics
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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.