Jain Resource Recycling’s Profit Surge Analyzed
Jain Resource Recycling announced a significant increase in its profits during the second quarter of fiscal year 2026. The company reported a 77.7% jump in net profit, reaching Rs 99.21 crore. Revenue also rose by 51.8% to Rs 2113.71 crore. This positive change is important for investors.
Key Points
- Jain Recycling’s net profit jumped 77.7% to Rs 99.21 crore.
- Revenue increased by 51.8% to Rs 2113.71 crore.
- Expenses rose significantly due to higher material costs (86.2%).
- Profit before tax increased 79.6% to Rs 135.14 crore.
- The company exports 60% of its products to major clients.
- The company’s share price rose 0.46% to Rs 351.70.
About Jain Resource Recycling
Jain Resource Recycling is a company based in Chennai that takes scrap metal and turns it into valuable materials like lead, copper, and aluminum. They sell these materials to big companies like Vedanta-Sterlite and Mitsubishi. The company operates from three facilities in Tamil Nadu and has a subsidiary called JGTPL.
A key factor driving the increase in expenses was a substantial rise in raw material costs – specifically, a 86.2% increase year-over-year. This indicates potentially rising costs in the metal market.
The company’s performance demonstrates a strong ability to transform waste materials into valuable products. This growth highlights the company’s effectiveness and market position.
Ultimately, Jain Resource Recycling’s financial results underscore the growing demand for recycled metals and the company’s strategic approach.
