Eco Recycling Limited , India's pioneering e-waste management company, has reported robust financial results for the second quarter of fiscal year 2026. The company's performance showcases significant growth and operational expansion in the e-waste recycling sector.

Financial Highlights

For Q2 FY26, Eco Recycling Limited reported the following key financial metrics:

The company's total income for the quarter stood at ₹14.48 crore, marking an 11% year-on-year growth. This growth can be attributed to the company's expanded recycling capacity and strengthened value-added segments.

Operational Developments

Capacity Expansion

Eco Recycling has significantly expanded its total recycling capacity to 31,200 MTPA. This expansion includes the commissioning of a new 6,000 MTPA lithium-ion battery recycling facility at Vasai. Notably, this expansion was funded entirely through internal accruals, demonstrating the company's strong financial position and commitment to sustainable growth.

Value-Added Segments

The company has focused on strengthening its value-added segments, including:

• Refurbishment
• IT asset disposition
• Data destruction
• Lamp recycling
• Precious metal recovery

These segments have seen increased participation from producers and enterprises under the Extended Producer Responsibility (EPR) framework.

Strategic Initiatives

BookMyJunk Platform

Eco Recycling's consumer-focused initiative, the BookMyJunk platform, received recognition from the Prime Minister in his Mann Ki Baat address. This platform aims to build awareness about responsible collection and recycling of e-waste.

Future Plans

The company plans to commission a mineral recovery facility focused on PCBs, hard drives, and lithium-ion batteries. This facility aims to recover valuable metals such as cobalt, nickel, and manganese, contributing to India's self-reliance in critical minerals and potentially reducing import dependence.

Management Commentary

B.K. Soni, Chairman & Managing Director of Eco Recycling Limited, commented on the results: "The second quarter of FY26 was an important phase for us, marked by steady growth, stronger operations, and a supportive policy environment. Our focus remains on strengthening value-added segments and expanding our recycling capabilities."

Soni also highlighted the favorable environment for organized recyclers, citing the Supreme Court's ruling upholding the Polluter Pays principle and the government's ₹1,500 crore incentive scheme under the National Critical Mineral Mission.

Industry Outlook

The e-waste recycling industry in India appears poised for growth, driven by:

• Increased environmental enforcement
• Government incentives for large-scale investment in e-waste and lithium-ion battery recycling
• Growing awareness of responsible e-waste management

Eco Recycling Limited, with its expanded capacity, sound financial management, and strategic initiatives, seems well-positioned to capitalize on these industry trends and continue its growth trajectory.

Investors and stakeholders will be watching closely to see how Eco Recycling Limited leverages these opportunities and navigates the evolving landscape of e-waste management in India.

Eco Recycling Limited (ECORECO), a prominent player in the e-waste management sector, has announced its financial results for the second quarter. The company reported a strong performance, with significant revenue growth and a slight decrease in profitability.

Financial Highlights

Revenue Growth

Eco Recycling demonstrated strong growth in its top-line performance, with revenue increasing to 1,442.00 lacs rupees in the current quarter, up from 924.00 lacs rupees in the previous quarter and 1,287.00 lacs rupees in the same period last year. This represents a significant 56.06% quarter-on-quarter growth and a 12.04% year-over-year growth, indicating the company's ability to expand its operations and capture market opportunities in the e-waste management sector.

Profitability

Despite the revenue growth, the company faced a decline in profitability compared to the previous quarter. The net profit for the current quarter stood at 573.00 lacs rupees, down from 780.00 lacs rupees in the previous quarter, marking a 26.54% decrease.

Half-Year Performance

For the half-year period, Eco Recycling reported revenue of 2,366.00 lacs rupees, slightly lower than the 2,428.00 lacs rupees reported in the previous year. Net profit for the half-year stood at 1,352.00 lacs rupees, compared to 1,604.00 lacs rupees in the previous year.

Other Financial Aspects

• The company received 2.25 crores towards insurance claims during the quarter, with 1.66 crores still pending.
• Earnings per share for the quarter was 3.20 rupees, compared to 3.48 rupees in the previous quarter.
• Eco Recycling operates in the E-waste management segment and has no financial borrowings, with finance costs relating only to lease liabilities.

Conclusion

As Eco Recycling continues to grow its revenue significantly, the focus may shift towards maintaining profitability levels. The e-waste management sector remains critical in the context of increasing electronic consumption and environmental concerns, potentially offering continued growth opportunities for companies like Eco Recycling in the long term.

Investors and stakeholders will likely be watching closely to see how the company balances its strong revenue growth with profitability in the coming quarters.