Jain Resource Recycling Limited — Investor Meet, 08-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Jain Resource Recycling Limited held an earnings conference call to discuss the financial results for the quarter. Management provided an update on operational performance and the outlook for the business.

**Financial Performance:** Revenue grew 76% YoY to Rs. 2,725 Cr. EBITDA rose 22% YoY to Rs. 110 Cr, while PAT increased 23% YoY to Rs. 69 Cr. EBITDA margins were impacted by a changing product mix and new business ramp-ups, but an improvement was seen QoQ. Copper and copper products now form 67% of revenue.

**Management Commentary & Outlook:** The company is focused on driving volumes and enhancing profitability through value-added products, particularly in copper. Several projects, including copper anodes, cathodes, wire rods, busbars, and antimony facilities, are progressing. Supply chain conditions are improving, supporting planned growth.

**Operational Updates:** The Unit-2 facility has resumed normal operations following a furnace accident. Trial production has begun at the Ahmedabad JV, and the Kuwait investment is advancing despite logistical delays.

**Analyst Q&A Highlights:** Discussions focused on margin drivers, EBITDA per tonne for copper, capacity expansion plans for lead and copper, and the impact of upcoming regulations on recycled content. Management clarified that fluctuations in quarterly margins are normal for the business due to commodity cycles.

**Investor Angle:** Management expressed confidence in the long-term outlook for non-ferrous metal recycling, driven by sustainability trends. The company is strategically positioned with expanding capacity and a diversified product portfolio.