Eco Recycling posts Q1FY27 revenue of ₹19.13 crore, outlines critical mineral strategy
Eco Recycling Limited reported Q1FY27 revenue of ₹19.13 crore and PAT of ₹9.17 crore. The company announced a strategic pivot to critical mineral recovery and urban mining, aligning with India's National Critical Mineral Mission and a ₹1,500 crore government incentive scheme.

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Eco Recycling Limited reported consolidated revenue of ₹19.13 crore and a net profit after tax (PAT) of ₹9.17 crore for the quarter ended June 30, 2026. Alongside the financial results, the Mumbai-based waste management firm outlined a strategic shift from conventional e-waste recycling to high-value resource recovery, targeting India’s emerging critical mineral sector.
The company’s EBITDA stood at ₹12.06 crore, while profit before tax was ₹11.40 crore. Earnings per share (EPS) remained at ₹4.49. These figures align with the company’s earlier disclosure of a 75% year-on-year revenue expansion, supported by improved operational efficiency across its circular resource recovery value chain.
Strategic Pivot to Urban Mining
Ecoreco is progressively integrating critical mineral recovery into its existing platform. The company is exploring opportunities in recovering strategic minerals from e-waste and spent lithium-ion batteries, advanced material separation, and technology partnerships for extraction and refining.
This strategic response aligns with the Government of India’s National Critical Mineral Mission (NCMM) and the newly introduced ₹1,500 crore Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme supports the establishment of new capacity as well as the expansion and modernisation of existing facilities for secondary resources including e-waste and spent batteries.
Key Financial Metrics
| Metric | Q1FY27 (₹ Crore) |
|---|---|
| Total Revenue | 19.13 |
| EBITDA | 12.06 |
| Profit Before Tax | 11.40 |
| Profit After Tax | 9.17 |
| EPS | ₹4.49 |
What the Numbers Show
The financial performance underscores the company’s focus on profitability and disciplined capital allocation. With EBITDA constituting approximately 63% of total revenue, the firm demonstrates strong cost control capabilities. This operational foundation positions Ecoreco to leverage government incentives for capacity expansion without compromising financial stability.
Long-Term Vision
The company aims to evolve into an integrated circular resource recovery platform. Management stated that urban mining can become an important part of India’s future critical-mineral supply chain, complementing primary mining. Ecoreco intends to pursue these opportunities in a capital-efficient manner, leveraging existing infrastructure and feedstock access.
The Board of Directors approved the unaudited consolidated financial results at their meeting held on August 10, 2026. The Statutory Auditors have expressed an unmodified conclusion on the standalone and consolidated financial results. The detailed results were filed with stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Eco Recycling
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.92% | +3.78% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the ₹1,500 crore Incentive Scheme for Critical Mineral Recycling specifically impact Ecoreco's capital expenditure plans and timeline for capacity expansion?
What specific technology partnerships has Ecoreco secured or is actively pursuing to enhance its extraction and refining capabilities for lithium-ion batteries?
Given the shift to high-value resource recovery, how might Ecoreco's revenue mix evolve between conventional e-waste recycling and critical mineral extraction over the next two fiscal years?


































