Integrated Filing — IndAS



General information about company

Scrip Code 544537
NSE Symbol JAINREC
MSEI Symbol NOTLISTED
ISIN INE0YD401026
Name of company JAIN RESOURCE RECYCLING LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 09-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 09-02-2026   11:00:00
End date and time of board meeting 09-02-2026   14:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,77,517.40 6,43,813.00
Other income 541.90 1,869.30
Total income 2,78,059.30 6,45,682.30
2 Expenses
(a) Cost of materials consumed 2,64,303.60 6,32,910.20
(b) Purchases of stock-in-trade 349.70 6,675.30
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (15,360.30) (63,051.20)
(d) Employee benefit expense 1,263.60 3,027.40
(e) Finance costs 2,578.30 6,949.20
(f) Depreciation, depletion and amortisation expense 381.00 1,013.10
(f) Other Expenses
1 Other Expenses 7,073.50 19,353.40
Total other expenses 7,073.50 19,353.40
Total expenses 2,60,589.40 6,06,877.40
3 Total profit before exceptional items and tax 17,469.90 38,804.90
4 Exceptional items (30.40) (69.70)
5 Total profit before tax 17,439.50 38,735.20
6 Tax expense
7 Current tax 2,182.00 7,591.30
8 Deferred tax 2,311.30 2,526.40
9 Total tax expenses 4,493.30 10,117.70
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 12,946.20 28,617.50
12 Profit (loss) from discontinued operations before tax (321.20) (480.90)
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax (321.20) (480.90)
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 12,625.00 28,136.60
17 Other comprehensive income net of taxes (71.10) (47.20)
18 Total Comprehensive Income for the period 12,553.90 28,089.40
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 12,760.90 28,417.10
Total profit or loss, attributable to non-controlling interests (135.90) (280.50)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 12,699.60 28,376.70
Total comprehensive income for the period attributable to owners of parent non-controlling interests (145.70) (287.30)
21 Details of equity share capital
Paid-up equity share capital 6,901.70 6,901.70
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.75 8.65
Diluted earnings (loss) per share from continuing operations 3.75 8.65
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations -0.09 -0.15
Diluted earnings (loss) per share from discontinued operations -0.09 -0.15
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 3.66 8.5
Diluted earnings (loss) per share from continuing and discontinued operations 3.66 8.5
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes 1) The above unaudited consolidated financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 09, 2026 and has been subjected to review by the Statutory Auditors of the Company. These unaudited consolidated financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standard (Ind AS) 34 on 'Interim Financial Reporting', the provisions of the Companies Act, 2013 (the Act), as applicable and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended. 2) The unaudited consolidated financial results for the corresponding quarter and nine months ended December 31, 2024 have neither been reviewed nor audited by the statutory auditors of the Company or other auditors. However, the management has exercised necessary care and diligence to ensure the consolidated financial results for such period is fairly stated. 3) During the quarter ended December 31, 2025, the Company completed its Initial Public Offering (“IPO”) comprising 53,879,309 equity shares of face value Rs. 2 each at an issue price of Rs. 232 per equity share. The IPO included a fresh issue of 21,551,724 equity shares by the Company and an offer for sale of 32,327,585 equity shares by the selling shareholders. Pursuant to the IPO, the equity shares of the Company were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited on October 1, 2025 4) The schedule below provides details of the utilisation of net proceeds from the IPO: (Rs. Million) Object of issue Amount as per the prospectus Revised amount (refer note (ii) below) Utilised as at December 31, 2025 Unutilised as at December 31, 2025 a) Pre- payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company 3,750.00 3,750.00 3,750.00 b) General corporate purposes* 591.08 986.43 986.43 Total*4,341.08 4,736.43 4,736.43 *The amount to be utilized for general corporate purpose shall not exceed 25% of the gross proceeds, in accordance with SEBI ICDR Regulations. (i) Amount utilized as at December 31, 2025, includes Rs.540 million used towards repayment of loans taken by the Company from the promoter pursuant to approval from Board of Directors in their meeting held on September 26, 2025. (ii) The revised amount is on account of lesser actual issue expenses as compared to estimated issue expenses included in prospectus which includes issue expenses pertaining to selling shareholders. 5) The unaudited consolidated financial results of the group includes the financial results of the subsidiary Companies and share of profit/(loss) from associate & joint venture as applicable for the quarter ended December 31,2025, September 30,2025, December 31, 2024, Nine months ended December 31,2025, December 31,2024 and Year ended March 31,2025. 6) The figures for the year ended March 31, 2025 , have been extracted from the general purpose consolidated financial statements of the Group for the year ended March 31, 2025 , which were audited by the Statutory auditors�of�the�Company. 7) Pursuant to the approval of the Board of Directors in their meeting held on October 8, 2025 and the Joint Venture Agreement signed on October 22, 2025 between the Company and C&Y Group Investments, Inc., �“Jain CY Circular Solutions Private Limited”, a Joint Venture, was incorporated on December 08, 2025. �As at December 31, 2025, the Company has subscribed to 5200 shares of Rs 10 each, aggregating to Rs 0.05 Million. Subsequent to the quarter ended December 31, 2025, the Company has additionally subscribed Rs.25.95 Million and C&Y Group Investments, Inc. have also contributed to its share of the equity share capital of the Joint Venture. 8) a) During the nine months ended December 31,2025 Jain Ikon Global Ventures FZC has discontinued its operations on refining of precious metals. b) Pursuant to the definitive agreement entered during the nine months ended December 31,2025, the Company has received the full repayment of the loan and interest from Sun Minerals Mannar Private Limited during the quarter ended December 31, 2025. The proposed sale of the Company’s 28.88% equity interest remains pending as at the board meeting date. 9) On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to employee benefit plans arising from legislative amendments are treated as plan amendments, requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the guidance issued by the Institute of Chartered Accountants of India. The implementation of the Labour Codes has resulted in an increase of Rs.3.04 Million in the provision for defined benefit obligation, which has been recognised as an employee benefit expense in the current reporting period. The Group continues to monitor the finalisation of Central and State Rules, as well as Government clarifications on other aspects of the Labour Codes, and will incorporate appropriate accounting treatment based on these developments as required. 10) The unaudited Consolidated Financial results of the Company comprising of the Company and its subsidiaries (together the Group) and its associate & joint venture includes the results of the following entities: Company Relationship Country of Incorporation % Holding as at December 31, 2025 % Holding as at September 30, 2025 % Holding as at March 31, 2025 a)Jain Resource Recycling Limited (Formerly known as Jain Resource Recycling Private Limited) Holding Company India NA NA NA b)Subsidiaries in the Group: (i)Jain Green Technologies Private Limited Subsidiary India 99.99% 99.99% 99.99% (ii)Jain Ikon Global Ventures FZC (Classified as held for sale) Subsidiary UAE 70.00% 70.00% 70.00% (iii)Jain Investment Private Limited (Classified as held for sale) Subsidiary Sri Lanka 100.00 100.00% 100.00% c)Associates in the Group: (i)Sun Minerals Mannar Private Limited (Refer note 8(b)) Associate Sri Lanka 28.88% 28.88% 28.88% d)Joint venture in the Group: (i)Jain CY Circular Solutions Private Limited (Refer note 7) Joint venture India 94.55% 0.00% 0.00% 11) Figures of previous periods/ year have been regrouped, wherever necessary. 12) The above unaudited consolidated financial results are available on the Company's website viz. www.jainmetalgroup.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Aluminium & Aluminium Alloys 10,807.20 26,257.40
2 Lead & Lead Alloy Ingots 1,03,247.70 2,77,254.00
3 Copper & Copper Ingots 1,61,920.00 3,31,700.10
4 Others 1,542.50 8,601.50
Total Segment Revenue 2,77,517.40 6,43,813.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 2,77,517.40 6,43,813.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Aluminium & Aluminium Alloys 910.30 1,501.70
2 Lead & Lead Alloy Ingots 10,888.60 26,220.40
3 Copper & Copper Ingots 7,959.50 17,126.50
4 Others 128.90 49.30
Total Profit before tax 19,887.30 44,897.90
i. Finance cost 2,578.30 6,949.20
ii. Other Unallocable Expenditure net off Unallocable income 190.70 (305.60)
Profit before tax 17,118.30 38,254.30
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Aluminium & Aluminium Alloys 0.00 0.00
2 Lead & Lead Alloy Ingots 0.00 0.00
3 Copper & Copper Ingots 0.00 0.00
4 Others 0.00 0.00
Total Segment Asset 0.00 0.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 0.00 0.00
4 Segment Liabilities
Segment Liabilities
1 Aluminium & Aluminium Alloys 0.00 0.00
2 Lead & Lead Alloy Ingots 0.00 0.00
3 Copper & Copper Ingots 0.00 0.00
4 Others 0.00 0.00
Total Segment Liabilities 0.00 0.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 0.00 0.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) *Segment revenue reported above represents revenue generated from external customers The Segment Assets and Liabilities are reviewed by the CODM at a Consolidated Level and not at the Segmental Level as assets and liabilities are not allocated across business segments.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plan (43.80) (32.90)
2 Income tax relating to above 5.40 8.10
Total Amount of items that will not be reclassified to profit and loss (38.40) (24.80)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Gain/(Loss) on translation on discontinued operations of foreign subsidiary (32.70) (22.40)
Total Amount of items that will be reclassified to profit and loss (32.70) (22.40)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (71.10) (47.20)