Jain Resource Recycling Q1 FY27: Copper-led Growth, Value-Add Ramp-up

Consolidated revenue from operations was INR 2,724.5 crore, EBITDA was INR 109.5 crore, and profit for the period (PAT) was INR 69.4 crore, as per the investor presentation.

Copper and copper products contributed about 67% of revenue, lead and lead alloy ingots about 29%, aluminium about 3%, and others about 1% (presentation and call).

Copper cathode is guided for commissioning in Q2 FY27, while copper wire rod and copper busbar and profiles are expected in Q3 FY27; copper anode was commissioned with both furnaces operational in Q1 FY27.

Management indicated total capex outlay of approximately INR 87 crore for FY27, primarily towards copper value-added projects, antimony, and plastic recycling facilities.

Management stated a furnace accident occurred on 14 July 2026 at Unit II, with one contract worker fatality; regulatory approval to resume operations was received on 27 July 2026, and normal operations resumed excluding the affected shed.

Management said machinery is ready, but shipment has been impacted by the West Asia geopolitical situation; contribution is expected from Q3 FY27 onwards subject to shipping normalization.

Management stated the company follows a 100% hedging policy on commodity price exposure using LME futures and does not speculate.