Jain Resource Recycling Posts Q2 Results Amid Key Director Resignation
Jain Resource Recycling Limited, formerly known as Jain Resource Recycling Private Limited, announced its un-audited financial results for the quarter ended June 30, 2026. The company also disclosed the resignation of Mr. Kandaswamy Paramasivan from the Board of Directors.The Board of Directors reviewed and approved the unaudited standalone and consolidated financial results for the quarter. Additionally, the board considered several operational matters, including the proposed holding of the 5th Annual General Meeting (AGM) on August 27, 2026.
Director Resignation
Mr. Kandaswamy Paramasivan resigned as an Independent Director of Jain Resource Recycling Limited with effect from forenoon on August 3, 2026, citing personal reasons. Mr. Kandaswamy also ceases to hold positions on the Audit Committee and the Nomination and Remuneration Committee of the company.The Board noted the valuable contribution and guidance provided by Mr. Kandaswamy Paramasivan during his tenure as an Independent Director.
Financial Performance Overview
Standalone Results (Quarter ended June 30, 2026)Jain Resource Recycling Limited reported specific performance figures for the quarter in its standalone statement:
| Metric | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Revenue from operations | 26,411.06 ₹ Million | 30,302.98 ₹ Million | 14,696.91 ₹ Million | 92,311.09 ₹ Million |
| Total Income | 26,537.49 ₹ Million | 30,424.86 ₹ Million | 14,784.23 ₹ Million | 92,679.59 ₹ Million |
| Total Expense | 25,564.58 ₹ Million | 29,589.24 ₹ Million | 13,990.41 ₹ Million | 88,001.72 ₹ Million |
| Profit Before Tax (PBT) | 972.91 ₹ Million | 835.62 ₹ Million | 793.82 ₹ Million | 4,677.87 ₹ Million |
| Total Profit for the quarter / year | 726.87 ₹ Million | 619.93 ₹ Million | 591.51 ₹ Million | 3,466.80 ₹ Million |
Consolidated Results (Quarter ended June 30, 2026)
The Group recorded total income of 27,335.88 ₹ Million for the quarter. The consolidated results are summarized as follows:
| Metric | Quarter Ended June 30, 2026 | Quarter Ended March 31, 2026 | Quarter Ended June 30, 2025 | Year Ended March 31, 2026 |
|---|---|---|---|---|
| Total Revenue from Operations | 27,244.58 ₹ Million | 31,049.83 ₹ Million | 15,492.50 ₹ Million | 95,431.13 ₹ Million |
| Total Income (I+II) | 27,335.88 ₹ Million | 31,146.61 ₹ Million | 15,564.31 ₹ Million | 95,714.84 ₹ Million |
| Profit Before Tax from Continuing Operations (V+VI) | 941.05 ₹ Million | 887.36 ₹ Million | 778.15 ₹ Million | 4,760.88 ₹ Million |
| Total Comprehensive Income for the quarter / year | 694.32 ₹ Million | 651.09 ₹ Million | 566.39 ₹ Million | 3,460.04 ₹ Million |
Segment and Operational Updates
The Group operates across three primary business segments: Aluminium & Aluminium Alloys, Lead & Lead Alloy Ingots, and Copper & Copper Ingots.Segment Revenue (Quarter ended June 30, 2026)
| Segment | June 30, 2026 (₹ Million) | March 31, 2026 (₹ Million) | June 30, 2025 (₹ Million) | March 31, 2026 (₹ Million) |
|---|---|---|---|---|
| Aluminium & Aluminium Alloys | 714.38 | 1,084.38 | 887.25 | 3,710.12 |
| Lead & Lead Alloy Ingots | 7,855.39 | 10,457.96 | 7,152.28 | 38,183.36 |
| Copper & Copper Ingots | 18,373.47 | 19,445.09 | 6,967.97 | 52,615.10 |
Associate and Joint Venture Holdings
The consolidated results reflect the Group's holdings in associated entities:
| Entity Type | Name of Entity | Relationship | Holding Percentage (June 30, 2026) |
|---|---|---|---|
| Associate | Sun Minerals Mannar Private Limited | Associate | 28.88% |
| Joint Venture | Jain CY Circular Solutions Private Limited | Joint Venture | 52.00% |
In relation to the joint venture, the company granted a loan of ₹ 122.96 Million on February 09, 2026, and subsequently provided a corporate guarantee amounting to ₹ 500 Million in favour of ICICI Bank Limited.
Operational Highlights
- The company reported that an accident involving a furnace explosion occurred at a manufacturing facility in Gummudipoondi on July 14, 2026. The company is assessing the damage and does not expect the financial impact to be material.
- The Group’s operations are segmented according to Indian Accounting Standard 108.
- Regarding corporate structure changes, the company received shareholder approval for the alteration of its Memorandum of Association on July 30, 2026, which includes the business of telecommunication and communication cables and related infrastructure.
JAINREC Stock Price Movement
Jain Resource Recycling Limited shares today slipped by 0.06%, concluding the trading session at approximately ₹345 after declining from its previous close. The stock traded a volume of 6.51 million shares, indicating modest activity during the period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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