Jain Resource Recycling Limited has scheduled an analyst and institutional investor meeting for June 16, 2026, at 10:00 AM via virtual mode. The interaction is being conducted pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions.

Officials from Jain Resource Recycling will attend the session to engage with market participants. Discussions during the conference will be strictly based on publicly available information. The meeting details are summarized below:

Jain Resource Recycling noted that changes to the schedule may occur due to exigencies on the part of the host or the company. The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited by Bibhu Kalyan Rauta, Company Secretary and Compliance Officer.

Jain Resource Recycling Limited has reported its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The company delivered its highest ever annual performance, with consolidated profit after tax rising 56% year-on-year to ₹3,473.97 million. Revenue from operations grew 48% to ₹95,431.13 million, while EBITDA increased 53% to ₹559 crore, with margins improving to 5.9%. The Board of Directors approved the results during a meeting held on May 18, 2026.

Annual Financial Performance

For the financial year ended March 31, 2026, the company reported standalone revenue from operations of ₹92,311.09 million, compared to ₹61,432.51 million in the previous year. Standalone profit for the year stood at ₹3,466.80 million, marking a substantial increase from ₹2,111.35 million in the prior year. On a consolidated basis, revenue from operations reached ₹95,431.13 million, with a consolidated profit of ₹3,473.97 million for the year. The basic earnings per share (EPS) on a standalone basis was recorded at ₹10.37, compared to ₹6.77 in the previous year. On a consolidated basis, basic EPS from continuing and discontinued operations stood at ₹10.25, versus ₹7.16 in the prior year.

Q4 Financial Highlights

The company's quarterly performance reflected continued momentum, with consolidated revenue from operations for Q4 FY26 standing at ₹31,049.83 million versus ₹17,600.23 million year-on-year, a growth of 76%. Consolidated profit after tax from continuing operations for Q4 came in at ₹660.40 million versus ₹542.29 million year-on-year. Standalone profit for Q4 stood at ₹619.93 million compared to ₹563.36 million in the prior-year period. The EBITDA margin for Q4 stood at 3.5%, impacted by temporary external factors including geopolitical disruptions and changes in sale realization formulas.

Segment Performance

The group operates across three primary business segments: Aluminium & Aluminium Alloys, Lead & Lead Alloy Ingots, and Copper & Copper Ingots. For the full year ended March 31, 2026, the Copper & Copper Ingots segment was the largest revenue contributor, followed by Lead & Lead Alloy Ingots and Aluminium & Aluminium Alloys. Copper and copper alloy products contributed approximately 55% of total revenue, while lead and lead alloy ingots contributed 40%, and aluminium contributed 5%.

Capital Expenditure and Expansion Plans

The Board approved a capital expenditure of ₹15 crores to set up a new Plastic Recycling Facility, expected to be operational by Q3 FY27. Additionally, the company is progressing with forward integration projects under Jain Green Technologies. Copper anode operations have commenced with an initial capacity of 800 metric tons per month, while copper cathode, wire rod, and bus bar projects are targeted for commissioning in phases through FY27. The Ahmedabad joint venture project with C&Y Group is also underway, with operations expected to commence from September 2026. Total capex for FY27 is estimated at ₹115 to ₹120 crores, including projects for antimony extraction and the Kuwait venture.

IPO Proceeds Utilisation

The company completed its Initial Public Offering comprising 53,879,309 equity shares of face value ₹2 each at an issue price of ₹232 per share. The IPO included a fresh issue of 21,551,724 equity shares and an offer for sale of 32,327,585 equity shares by selling shareholders. The equity shares were listed on the National Stock Exchange of India Limited and BSE Limited on October 1, 2025. As at March 31, 2026, the entire net proceeds of ₹4,736.43 million have been fully utilised, with ₹3,750.00 million deployed towards pre-payment or scheduled repayment of outstanding borrowings and ₹986.43 million towards general corporate purposes.

Board Decisions and Appointments

During the meeting, the Board approved several key appointments. M/s. SKK & Co., Chartered Accountants (Firm Registration No. 006092S), and M/s. RKVT and Co., Chartered Accountants (Firm Registration No. 0007863S), were appointed as Joint Internal Auditors for the financial year 2026-27. Mr. B. Venkateswar, Practicing Cost Accountant (Firm Registration No. 100753, Membership No. 27622), was appointed as Cost Auditor for FY27. The company also informed the exchanges about the resignation of Mr. Bibhu Kalyan Rauta, Company Secretary and Compliance Officer, effective June 20, 2026, due to personal commitments. The statutory auditors, M/s. MSKC & Associates LLP (ICAI Firm Registration No. 001595S/S000168), issued an unmodified opinion on the audited standalone and consolidated financial results for the year ended March 31, 2026.

Management Commentary and Outlook

Management attributed the Q4 margin compression to temporary factors, including a decline in sale realization formulas due to sharp LME price increases and geopolitical disruptions impacting shipping routes. The company expects normalized EBITDA per ton for copper to stabilize between ₹30,000 and ₹32,000. Forward integration projects, including copper cathode and wire rod facilities, are expected to improve EBITDA margins by 2% to 4%. The company remains focused on maintaining working capital efficiency, with inventory days at 62 and debtor days at 18 as of March 2026.