The company’s consolidated net profit for the September quarter stood at Rs 98.6 crore, marking an impressive 88% jump from Rs 52.6 crore reported in the same quarter of the previous fiscal year. Jain’s revenue from operations also witnessed an uptick of 52% at Rs 2,113.7 crore.
The company’s EBITDA or earnings before interest, tax, depreciation and amortization stood at Rs 160 crore, up 82% from Rs 88 crore. Margins also rose 127 basis points to 7.6% for the quarter under review.
As for segmental revenue for the first half of FY26, the Aluminium and Alloys business witnessed a massive rise of 115% to Rs 154.5 crore, while Lead and Ingots business garnered a revenue of Rs 1,740 crore, up 47% from the same period last year. Copper Ingots clocked a revenue growth of 14% to Rs 1,697.8.
Jain Resource Recycling is a recent debutant in the primary market as shares got listed on October 1. Jain Resource Recycling listed at a 14% premium over the IPO price. The stock is up 51% from its issue price of Rs 232 per share.
Ace investor Ashish Kacholia holds a 1.1% stake in the company. Jain Resource Recycling is engaged in recycling and manufacturing non-ferrous metals such as lead, copper and aluminium. The company operates three recycling facilities near Chennai and also has a gold refining unit in the UAE through a subsidiary.At about 12:40 pm, shares of the company were trading at Rs 392, higher by 6.2% from the last close on the NSE. With today’s gain the stock is up 26% in the last 5 sessions.
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