Jain Resource Recycling (JAINREC) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 consolidated revenue was ₹27,751.74 million and profit for continuing and discontinued operations was ₹1,262.50 million; 9M revenue reached ₹64,381.30 million and profit ₹2,813.66 million.

• The board approved an intended 25% investment in a Kuwait-based metals recycler, alongside remuneration and subsidiary director appointments.

Financial highlights

• Consolidated Q3 revenue rose to ₹27,751.74 million from ₹17,807.61 million YoY; 9M revenue was ₹64,381.30 million versus ₹46,693.57 million.

• Consolidated Q3 profit from continuing operations was ₹1,294.62 million versus ₹517.40 million YoY; 9M was ₹2,861.75 million versus ₹1,675.71 million.

• Consolidated profit including discontinued operations was ₹1,262.50 million in Q3 versus ₹586.10 million YoY, and ₹2,813.66 million for 9M versus ₹1,707.61 million.

• Standalone revenue was ₹26,762.13 million in Q3 and ₹62,008.11 million for 9M; standalone total comprehensive income was ₹1,265.32 million and ₹2,844.57 million, respectively.

Outlook and guidance

• The proposed Kuwait investment is intended to support Middle East expansion, diversify revenue streams and strengthen operating scale; completion is targeted within 3 months.

• The investment would include a right of first refusal to buy the investee’s products at fair market value.