Jain Resource Recycling Limited · NSE:JAINREC
Jain Resource Recycling — Q3 FY26 Earnings Presentation
40 slides from Jain Resource Recycling's earnings presentation, Feb 10, 2026
Slide 1: Investor Presentation Intimation to Stock Exchanges
JAIN RESOURCE RECYCLING LIMITED (Formerly Known as Jain Resource Recycling Private Limited) J METAL GROUP February 10, 2026 To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (E),
Slide 2: Investor Presentation Q3 & 9M FY26
Jain Resource Recycling Limited Investor Presentation Q3 & 9M FY26
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jain Resource Recycling Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Q3 & 9M FY26 performance highlights
Q3 & 9M FY26 performance highlights
Slide 5: Performance Highlights & Outlook – Q3 & 9MFY26
Performance Highlights & Outlook – Q3 & 9MFY26 Commenting on the performance, Mr. Kamlesh Jain – Chairman & Managing Director said: “For the first nine months of FY26, we delivered robust growth across key financial parameters. Consolidated Revenue from Operations stood at ~Rs. 6,438 crore, compared
Slide 6: Business Update and Key Initiatives (2/2)
Business Update and Key Initiatives (2/2) • Board approved strategic investment in M/s. Abraj Al Khaleej, Kuwait (lead recycling ecosystem) • JRRL to acquire 25% equity stake in the Investee Company • Strengthens JRRL’s platform to expand in the Middle East leveraging: • Established local operations
Slide 7: Business Update and Key Initiatives (1/2)
Business Update and Key Initiatives (1/2) • Large-scale Lead Acid Battery recycling with strong sourcing and processing capabilities • Lead in LAB scrap contains valuable by-products such as Tin and Antimony • Tin extraction already implemented (proven technology), supporting higher profitability as
Slide 8: Financial highlights – Q3 & 9M FY26
Financial highlights – Q3 & 9M FY26 Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) 5.0% 7.2% 3.3% 4.5% +55.8% +122.5% +115.5% 2,775.2 198.9 126.3 1,780.8 89.4 58.6 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) 5.8% 7.0% 3.7% 4.4% +37.9
Slide 9: Segmental highlights – Q3FY26
Segmental highlights – Q3FY26 Copper & Copper Ingots Lead & Lead Alloy Ingots Aluminium and Aluminium Alloys Volumes (In MT) Volumes (In MT) Volumes (In MT) 18,882 59,726 4,257 43,969 11,700 2,351 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Revenue (Rs. Crores) Revenue (Rs. Crores) Revenue (Rs. Crores
Slide 10: Segmental highlights – 9MFY26
Segmental highlights – 9MFY26 Copper & Copper Ingots Lead & Lead Alloy Ingots Aluminium and Aluminium Alloys Volumes (In MT) Volumes (In MT) Volumes (In MT) 36,824 1,40,758 9,236 30,036 1,04,268 5,629 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 Revenue (Rs. Crores) Revenue (Rs. Crores) Revenue (Rs. Cr
Slide 11: EBIDTA Per Tonne – Q3 & 9MFY26
EBIDTA Per Tonne – Q3 & 9MFY26 Copper & Copper Ingots Lead & Lead Alloy Ingots Aluminium and Aluminium Alloys Q3 FY26 Q3 FY26 Q3 FY26 42,153 18,231 23,547 21,382 14,130 18,620 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 9M FY26 9M FY26 9M FY26 46,509 18,628 23,387 16,118 16,259 29,748 9MFY25 9MFY26 9M
Slide 12: Consolidated profit and loss account statement – Q3 & 9M FY26
Consolidated profit and loss account statement – Q3 & 9M FY26 Particulars (INR Crs) Notes : Q3FY26 Q3FY25 Y-o-Y (%) Q2FY26 Q-o-Q (%) 9MFY26 9MFY25 Y-o-Y (%) Revenue from Operations 2,775.2 1,780.8 56% 2,113.7 31% 6,438.1 4,669.4 38% *Loss before tax from discontinued operation Cost of Goods Sold 2,4
Slide 13: Company overview
recycle today. greener tomorrow METAL GROUP Company overview
Slide 14: FY25 - Company at a glance
FY25 - Company at a glance One of India’s largest and fastest-growing non-ferrous metal recycling companies, with a Product Portfolio legacy spanning over seven decades Lead & Lead Alloy Ingots 1953 2013 +1.7 lakh LME Copper & Copper Ingots Constituted as a partnership Commenced of operations MPTA o
Slide 15: Journey so far
Journey so far 1953 2013 2022 2025 • Our Company was originally • Commencement of • Conversion of Jain Metal Rolling Mills from a • The company successfully raised Rs. 1,250 Crores (Rs. constituted as a partnership firm in operations by setting up a partnership firm to a private limited 500 crs. fre
Slide 16: Awards and certifications
Awards and certifications Awards MSME Chamber of Industry outlook MSME Chamber of MCX awards Times business awards DGEMS 2024 Indian institute of commerce & industry Top 10 metal commerce & industry of India Leading hedger – north 2025 Forbes D Globalist metals of India recycling companies Fastest g
Slide 17: Strong management team
Strong management team Hemant Shantilal Jain Sanchit Jain Kamlesh Jain Mayank Pareek Executive Director & Executive Director Chairman & Managing Director Joint Managing Director Chief Financial Officer • Experience of 30+ years in the metal industry • Experience of 10+ years in the metal industry •
Slide 18: Our core competencies
Our core competencies 01 Strategically located Recycling Facilities having Multi product processing capability 02 Diversified product portfolio Strong customer base in 20+ countries & supplier 03 base in 120+ countries with global footprint 04 Deep sourcing capabilities 05 In house tech and quality
Slide 19: 1. Strategically located recycling facilities
1. Strategically located recycling facilities …having multi product processing capabilities End-to-end 4* 40+ Cross-facility recycling processes Recycling Facilities Acres of land utilization of our by products Raw material Authorised production quantity Map of Chennai District Facility 1 Copper Scr
Slide 20: 2. Diversified product capabilities
2. Diversified product capabilities Lead & Lead Alloy Ingots Copper & Copper Ingots Aluminum & Aluminium Ingots Plastics Aluminium Alloy Ingot Plastic scrap from lead batteries is recycled into PP/PVC granules, used in Various grades of primary alloys- XSB, LM6, manufacturing pipes, cables, and appa
Slide 21: 3. Strong customer base with global footprint
3. Strong customer base with global footprint… Export revenue Revenue split (%) Country wise revenue Split (%) 7% 3% 30% 28% 9MFY26 32% 9MFY26 70% 30% Export Domestic India China Others Singapore South Korea Total revenue from top customers (%)* Company has exported End use sectors includes electric
Slide 22: …with relationships with marquee customers
…with relationships with marquee customers JIANGXI COPPER INTERNATIONAL TRADING CO. LTD. And many more…… Note: The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 21
Slide 23: 4. Deep sourcing capabilities
4. Deep sourcing capabilities Deep sourcing network across the globe RM sourcing split (%)* RM sourcing – import split (%)* 33% 40% 44% 9MFY26 9MFY26 56% 13% 4% 6% 5% Imports Domestic United States Brazil Domincan Republic Kuwait Malaysia Others Company has imported Cost of RM from top suppliers (%)
Slide 24: 5. In-house technology & quality testing
5. In-house technology & quality testing Facilities Equipped with Modern Machinery and Equipment…. Metal scrap is passed through a magnetic roller with conveyor belt. The magnet Magnetic Separation installed segregates iron from other metals and impurities. Under this method copper granules are sepa
Slide 25: 6. Hedging mechanism for commodity price risk protection for products
6. Hedging mechanism for commodity price risk protection for products Our business operations are directly impacted Price increase or decrease in these metals by fluctuations in the prices of base metals can significantly affect our profitability traded on the London Metal Exchange Safeguarding fina
Slide 26: Growth drivers
recycle today. greener tomorrow. JAIN METAL GROUP Growth drivers
Slide 27: Industry advantages and growth prospects
Industry advantages and growth prospects Advantages Supportive provisions on metal recycling Aluminium recycling process consumes up to 95% less energy than producing National Critical Mineral Mission Policy (2025) aluminium from virgin raw material Extended Producer Responsibility (EPR) framework f
Slide 28: Medium term growth strategies - forward integration into copper value added products
Medium term growth strategies - forward integration into copper value added products Expand our horizon into copper cathode, wire rod and copper busbar manufacturing, using finished products from our recycling facilities as feedstock, with electrolytic refining producing high-quality copper cathodes
Slide 29: Long-term growth strategies
Long-term growth strategies Our growth strategy emphasizes expanding manufacturing capacity and diversifying our operations through strategic entry into niche recycling verticals Joint venture Acquiring scrap yards Joint venture with a reputed scrapyard company to set up a recycling To ensure qualit
Slide 30: Continuing focus on sustainability and ESG principles
Continuing focus on sustainability and ESG principles Continue to invest in technologies and systems Contribute to the broader Recycling of non-ferrous that optimize our recycling societal goal of promoting metal scrap shall be processes and minimize equity and long-term eligible for EPR points wast
Slide 31: Beyond business: our responsibility towards society (1/2)
Beyond business: our responsibility towards society (1/2) At Jain Metal Group, we are deeply committed to empowering communities by enabling access to opportunities that can shape brighter futures. Supporting the Rotary Club’s mission by providing digital access boards to Government and Corporation
Slide 32: Beyond business: our responsibility towards society (2/2)
Beyond business: our responsibility towards society (2/2) At Jain Metal Group, we are deeply committed to empowering communities by enabling access to opportunities that can shape brighter futures. Supporting education by transforming 15 government schools in Empowering underprivileged women through
Slide 33: Historical financials
q JAIN METAL GROUP Historical financials
Slide 34: Financial performance (1/2)
Financial performance (1/2) Revenue (Rs. Crores) EBITDA (Rs. Crores) Profit after Tax (Rs. Crores) 7,126 369 224 +52% +56% +72% 164 4,428 227 3,064 92 124 FY23 FY24 FY25* FY23 FY24 FY25* FY23 FY24 FY25* Revenue Mix (%) EBITDA Margin (%) PAT Margin (%) Domestic Export 5.1% 5.2% 3.7% 3.0% 3.1% 4.1% 40
Slide 35: Financial performance (2/2)
Financial performance (2/2) Return on Capital Employed (%) Fixed Asset Turnover Ratio (x) Working Capital (No. of Days) 67 days 55 days 38 days 52 days 24.2% 83.4 20.8% 19.1% 63.7 57.8 47.9 12.3% 66 FY23 FY24 FY25* H1FY26^ FY23 FY24 FY25* H1FY26 44 40 Return on Equity (%) Net Debt to Equity Ratio (x
Slide 36: Consolidated profit and loss account statement
Consolidated profit and loss account statement Particulars (INR Crs) 9MFY26 FY25* FY24 FY23 Revenue from Operations 6,438.1 7,125.8 4,428.4 3,064.1 Cost of Goods Sold 5,765.3 6,531.1 4,009.5 2,787.9 Gross Profit 672.8 594.6 418.9 276.1 Gross Profit Margin 10.5% 8.3% 9.5% 9.0% Employee Cost 30.3# 30.
Slide 37: Consolidated balance sheet statement
Consolidated balance sheet statement Particulars (INR Crs) Sep-25 Mar-25 Mar-24 Mar-23 Particulars (INR Crs) Sep-25 Mar-25 Mar-24 Mar-23 Property, Plant & Equipments 71.2 71.6 64.7 58.4 Share Capital 69.0 64.7 41.0 40.0 Capital Work-in-progress 5.9 3.2 0.0 0.0 Other Equity 1,297.6 661.4 328.1 159.1
Slide 38: Consolidated cash flow statement
Consolidated cash flow statement Particulars (INR Crs) Sep-25 Mar-25 Mar-24 Mar-23 Net Profit Before Tax 211.4 304.6 214.6 123.6 Adjustments for: Non - Cash Items / Other Investment or Financial Items -32.3 58.4 34.0 14.4 Cash generated from operations before working capital changes 179.0 363.0 248.
Slide 39: IPO listing
IPO listing October 2025 ● Listing date: 01st October 2025 ● Total IPO size Rs. 1,250 Crores of which Fresh issue was Rs. 500 Crs. ● Utilisation of IPO proceeds: ● Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company ● General Corporate Purpose Li
Slide 40: Contact Information
Contact Information Company : Jain Resource Recycling Limited CIN: L27320TN2022PLC150206 Mr. Bibhu Kalyan Rauta cs@jainmetalgroup.com E: cs@jainmetalgroup.com T: +91 44 4340 9494 www.jainmetalgroup.com www.jainmetalgroup.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U7414
Jain Resource Recycling — Q3 FY26 Earnings Presentation on 6ix