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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 03-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First 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
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 03-08-2026   15:30:00
End date and time of board meeting 03-08-2026   16:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,72,445.80 2,72,445.80
Other income 913.00 913.00
Total income 2,73,358.80 2,73,358.80
2 Expenses
(a) Cost of materials consumed 2,49,863.50 2,49,863.50
(b) Purchases of stock-in-trade 2,936.20 2,936.20
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 2,674.00 2,674.00
(d) Employee benefit expense 1,063.50 1,063.50
(e) Finance costs 1,892.10 1,892.10
(f) Depreciation, depletion and amortisation expense 437.90 437.90
(f) Other Expenses
1 other expenses 4,955.20 4,955.20
Total other expenses 4,955.20 4,955.20
Total expenses 2,63,822.40 2,63,822.40
3 Total profit before exceptional items and tax 9,536.40 9,536.40
4 Exceptional items 0.00 0.00
5 Total profit before tax 9,536.40 9,536.40
6 Tax expense
7 Current tax 3,644.10 3,644.10
8 Deferred tax (1,192.90) (1,192.90)
9 Total tax expenses 2,451.20 2,451.20
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 7,085.20 7,085.20
12 Profit (loss) from discontinued operations before tax (18.60) (18.60)
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax (18.60) (18.60)
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (125.90) (125.90)
16 Total profit (loss) for period 6,940.70 6,940.70
17 Other comprehensive income net of taxes 2.50 2.50
18 Total Comprehensive Income for the period 6,943.20 6,943.20
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 6,946.30 6,946.30
Total profit or loss, attributable to non-controlling interests (5.60) (5.60)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 6,946.00 6,946.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (2.80) (2.80)
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 2.02 2.02
Diluted earnings (loss) per share from continuing operations 2.02 2.02
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.02 2.02
Diluted earnings (loss) per share from continuing and discontinued operations 2.02 2.02
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) 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 August 03, 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 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 3.The consolidated financial results of the group includes the financial results of the subsidiary companies and share of profit/(loss) from associate and joint venture as applicable for the quarters ended June 30 2026, March 31 2026, June 30 2025 & year ended March 31 2026. 4.a) 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. During the previous year ended March 31, 2026, the Company has subscribed to 26,00,000 shares of Rs. 10 each, aggregating to Rs. 26.00 million. C&Y Group Investments, Inc. have also contributed to its share of the equity share capital of the Joint Venture. b) During the quarter ended June 30, 2026, the Company granted loan amounting to Rs. 122.96 Million to its Joint Venture Company, Jain CY Circular Solutions Private Limited, in accordance with the terms approved by the Board of Directors at its meeting held on February 09, 2026. The loan carries an interest rate linked to the yield of the benchmark 10-year Government of India Security (G-Sec) and is repayable on demand. Subsequent to the quarter ended June 30, 2026, the Company has provided a corporate guarantee of Rs. 500 Million in favour of ICICI Bank Limited on behalf of its Joint Venture Company, Jain CY Circular Solutions Private Limited. The said corporate guarantee was approved by the Borrowings & Investment Committee of the Board of Directors of the company at its meeting held on July 13, 2026. 5.a) During the previous year ended March 31,2026 Jain Ikon Global Ventures FZC has discontinued its operations on refining of precious metals. b) Pursuant to the definitive agreement entered during the previous year ended March 31,2026, the Company has received the full repayment of the loan and interest from Sun Minerals Mannar Private Limited during the previous year ended March 31, 2026. The proposed sale of the Company’s 28.88% equity interest remains pending as on the date of these results. 6. On November 21, 2025, the Govemment of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In accordance with Ind AS 19 - Employee benefits, changes to 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 Company has concluded the salary restructuring exercise in compliance with the Labour Codes. The implementation of the Labour Code has resulted in a net increase of Rs. 7.15 million in the provision for gratuity which has been recognised as employee benefit expense in the previous year. 7. On July 14, 2026 an accident involving a furnace explosion occurred at a section of the Company's manufacturing facility at Gummudipoondi, resulting in damage to certain property, plant and equipment and inventories. The Company is in the process of assessing the extent of damage and the resultant financial impact, including the amount recoverable from insurance and does not expect the financial impact to be material. 8.The Company convened an Extraordinary General Meeting (EGM) on July 30, 2026, for obtaining shareholders’ approval for the alteration of the Memorandum of Association of the Company to include the business of telecommunication and communication cables and related infrastructure in the objects clause of the Company. As at the date of approval of these financial results, the shareholders have approved the aforesaid alteration and the requisite statutory filings have been completed. 9.The figures of the quarter ended March 31, 2026 is the balancing figure between the audited figures in respect of the financial year ended March 31, 2026 and the unaudited published year-to-date figures up to December 31, 2025 being the date of the end of third quarter of the financial year which was subjected to limited review. 10.Figures of previous periods/ year have been regrouped, wherever necessary 11. 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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
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 & Aliminium Alloys 7,143.80 7,143.80
2 Lead & Leas Alloy Ingots 78,553.90 78,553.90
3 Copper & Copper Ingots 1,83,734.70 1,83,734.70
4 Others 3,013.40 3,013.40
Total Segment Revenue 2,72,445.80 2,72,445.80
Less: Inter segment revenue
Revenue from operations 2,72,445.80 2,72,445.80
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Aluminium & Aliminium Alloys 466.60 466.60
2 Lead & Leas Alloy Ingots 5,999.20 5,999.20
3 Copper & Copper Ingots 4,554.40 4,554.40
4 Others (66.80) (66.80)
Total Profit before tax 10,953.40 10,953.40
i. Finance cost 0.00 0.00
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 10,953.40 10,953.40
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Aluminium & Aliminium Alloys 0.00 0.00
2 Lead & Leas 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 & Aliminium Alloys 0.00 0.00
2 Lead & Leas 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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
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 (9.00) (9.00)
Total Amount of items that will not be reclassified to profit and loss (9.00)
2 Income tax relating to items that will not be reclassified to profit or loss (2.20) (2.20)
3 Amount of items that will be reclassified to profit and loss
1 Gain/(Loss) on translation on discontinued operations of foreign subsidiary 9.30 9.30
Total Amount of items that will be reclassified to profit and loss 9.30
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 2.50 2.50





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 MSKC & Associates LLP Yes 30-09-2026