Synopsis:
Jain Resource Recycling shares jump on robust Q2 sales and profit growth, while the company forms a 52:45 joint venture with C&Y Group to expand metal recycling operations in Ahmedabad, boosting supply chain and sustainability.
Ashish Kacholia invested stock, which recently made its market debut on October 1, with a 14% premium over its IPO price. Since its listing at Rs. 265.05 per share, the stock has surged 46%, reflecting strong investor interest.
This company is a Chennai-based company specializing in the recycling and production of non-ferrous metals primarily lead and lead-alloy ingots, copper and copper-ingots, and aluminium and aluminium-alloys.
With market capitalization of Rs. 12,716 cr, the shares of Jain Resource Recycling Ltd are currently trading at Rs. 370 per share, increasing 9% in today’s market session making a high of Rs. 387.98, from its previous close of Rs. 355.30 per share. Ace investor Ashish Kacholia, through his firm Bengal Finance and Investment Pvt Ltd, holds a 1.14% stake in the company.
Quarter-on-Quarter (QoQ) Performance
For the quarter ended Q2FY26, Jain Resource reported a strong sequential performance. Sales rose by 40% QoQ, increasing from Rs. 1,470 crore in Q1FY26 to Rs. 2,055 crore. EBITDA showed a solid improvement of 77% QoQ, moving from Rs. 88.1 crore to Rs. 156 crore, reflecting better operating efficiency. Net Profit also increased by 66% QoQ, rising from Rs. 59.2 crore to Rs. 98.6 crore. EPS moved up from Rs. 1.83 to Rs. 2.86.
Year-on-Year (YoY) Performance
On an annual comparison, Jain Resource delivered robust growth. Sales surged 53% YoY, from Rs. 1,343 crore in Q2FY25 to Rs. 2,055 crore in Q2FY26. EBITDA jumped by a remarkable 136% YoY, from Rs. 66.2 crore to Rs. 156 crore, driven by higher sales and improved margins. Net Profit increased by 81% YoY, from Rs. 54.6 crore to Rs. 98.6 crore. EPS showed a decline of around 79% YoY, dropping from Rs. 13.32 to Rs. 2.86.
Enters Joint Venture with C&Y Group Investments for Recycling Facility in Ahmedabad
Jain Resource Recycling Limited has announced the signing of a Joint Venture Agreement with C&Y Group Investments, Inc. on October 22, 2025, to establish and operate a recycling and manufacturing facility in Ahmedabad, Gujarat.
The new venture will focus on recycling various types of copper and metal scrap, including cables, motors, alternators, starters, coils, and transformers. Under the agreement, a new private limited company will be formed, with Jain Resource holding 52%, C&Y Group holding 45%, and the remaining 3% allotted as sweat equity to employees.
C&Y is one of North America’s largest scrap exporters with operations in Thailand and Japan, and will ensure a steady supply of scrap materials at competitive prices. The joint venture aims to strengthen Jain Resource’s position in India’s recycling industry, enhance the value chain, and promote sustainable industrial growth.
Written by Manideep Appana
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