5445372026-04-012026-09-305445372026-09-305445372026-03-315445372026-04-012026-09-30in-capmkt:OtherExpenses1Member5445372026-09-30OtherNoncurrentFinancialAssetsDomain15445372026-09-30OtherNoncurrentAssetsDomain15445372026-09-30OtherNoncurrentAssetsDomain25445372026-09-30OtherNoncurrentAssetsDomain35445372026-09-30OtherCurrentFinancialAssetsDomain15445372026-09-30OtherCurrentFinancialAssetsDomain25445372026-09-30OtherCurrentFinancialAssetsDomain35445372026-09-30OtherNoncurrentFinancialLiabilitiesDomain15445372026-09-30OtherCurrentFinancialLiabilitiesDomain15445372026-09-30OtherCurrentFinancialLiabilitiesDomain25445372026-09-30OtherCurrentLiabilitiesDomain15445372026-09-30OtherCurrentLiabilitiesDomain25445372026-04-012026-09-30in-capmkt:ReportableSegments1Member5445372026-04-012026-09-30in-capmkt:ReportableSegments2Member5445372026-04-012026-09-30in-capmkt:ReportableSegments3Member5445372026-04-012026-09-30in-capmkt:ReportableSegments4Member5445372026-04-012026-09-30in-capmkt:ReportableSegments5Member5445372026-04-012026-09-30in-capmkt:ReportableSegments6Member5445372026-04-012026-09-30in-capmkt:ReportableSegments1Member5445372026-04-012026-09-30in-capmkt:ReportableSegments2Member5445372026-04-012026-09-30in-capmkt:ReportableSegments3Member5445372026-04-012026-09-30in-capmkt:ReportableSegments4Member5445372026-04-012026-09-30in-capmkt:ReportableSegments5Member5445372026-04-012026-09-30in-capmkt:ReportableSegments6Member5445372026-04-012026-09-30in-capmkt:ReportableSegments1Member5445372026-09-30in-capmkt:ReportableSegments1Member5445372026-04-012026-09-30in-capmkt:ReportableSegments2Member5445372026-09-30in-capmkt:ReportableSegments2Member5445372026-04-012026-09-30in-capmkt:ReportableSegments3Member5445372026-09-30in-capmkt:ReportableSegments3Member5445372026-04-012026-09-30in-capmkt:ReportableSegments4Member5445372026-09-30in-capmkt:ReportableSegments4Member5445372026-04-012026-09-30in-capmkt:ReportableSegments5Member5445372026-09-30in-capmkt:ReportableSegments5Member5445372026-04-012026-09-30in-capmkt:ReportableSegments6Member5445372026-09-30in-capmkt:ReportableSegments6Member5445372026-04-012026-09-30in-capmkt:ReportableSegments1Member5445372026-09-30in-capmkt:ReportableSegments1Member5445372026-04-012026-09-30in-capmkt:ReportableSegments2Member5445372026-09-30in-capmkt:ReportableSegments2Member5445372026-04-012026-09-30in-capmkt:ReportableSegments3Member5445372026-09-30in-capmkt:ReportableSegments3Member5445372026-04-012026-09-30in-capmkt:ReportableSegments4Member5445372026-09-30in-capmkt:ReportableSegments4Member5445372026-04-012026-09-30in-capmkt:ReportableSegments5Member5445372026-09-30in-capmkt:ReportableSegments5Member5445372026-04-012026-09-30in-capmkt:ReportableSegments6Member5445372026-09-30in-capmkt:ReportableSegments6Member5445372026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15445372026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544537JAINRECNOTLISTEDINE0YD401026Jain Resource Recycling LimitedMain BoardEquity2026-04-012027-03-312026-11-032026-10-29INRMillionsHalf YearlyHalf yearlyMulti segment2026-11-0311:35:002026-11-0311:50:00trueCash Flow IndirectNot applicable2026-04-012026-09-30UnauditedConsolidated60614360000220390000608347500005512259000011691100005006100002313500003967200001015000001107550000586294300002205320000-232700002182050000876210000-31013000056608000001615970000-29000000-2900000-134100001599660000465000016043100001606820000-42600001609030000-472000069017000024.664.66-0.01-0.014.654.65The 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. <br /> Notes <br /> <br /> 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 November 3, 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', prescribed under Section 133 of the Companies Act, 2013, 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. <br /> <br /> 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 <br /> <br /> 3) The schedule below provides details of the utilisation of net proceeds from the IPO: <br /> (Rs. Million unless otherwise stated) <br /> Object of issue Amount as per the prospectus Revised amount (refer note (iii) below) Utilized as at September 30, 2026 Unutilized as at September 30, 2026 <br /> 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 - <br /> b) General Corporate Purposes* 591.08 986.43 986.43 - <br /> Total* 4,341.08 4,736.43 4,736.43 - <br /> *The amount to be utilized for general corporate purpose shall not exceed 25% of the gross proceeds, in accordance with SEBI ICDR Regulations. <br /> (i) Amount utilized as at September 30, 2026, 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. <br /> (ii) The Company has obtained Shareholder’s approval vide postal ballot resolution dated April 28, 2026, ratifying utilisation of IPO proceeds under General Corporate Purposes towards repayment of unsecured loan to the promoter of Rs. 540 million. <br /> (iii) The revised amount is on account of lesser actual issue expenses as compared to estimated issue expenses included in prospectus and also includes issue expenses pertaining to selling shareholders. <br /> (iv) The company had set aside an amount of Rs. 263.57 million from the IPO proceed against issue expenses. The actual issue expenses was Rs. 226.93 million, resulting in an unutilised balance of Rs. 36.64 million which was then reallocated to General Corporate Purposes pursuant to circular resolution dated October 7, 2026. <br /> <br /> 4) 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 September 30 2026, June 30 2026, September 30 2025, six months ended September 30 2026, September 30 2025 & year ended March 31 2026. <br /> <br /> 5) 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. <br /> <br /> b) During the six months ended September 30, 2026, the Company granted a loan of Rs. 197.37 Million to Jain CY Circular Solutions Private Limited, on the terms approved by the Board of Directors at its meeting held on February 09, 2026. The loan carries interest linked to the yield on the benchmark 10-year Government of India Security (G-Sec) and is repayable on demand. During the period ended September 30, 2026, the Company provided a corporate guarantee aggregating Rs. 1,000 Million in favour of ICICI Bank Limited on behalf of Jain CY Circular Solutions Private Limited. The guarantee was approved by the Borrowings & Investment Committee of the Board of Directors in two tranches of Rs. 500 Million each, at its meetings held on July 13, 2026 and September 17, 2026. <br /> <br /> c) Pursuant to the revised agreement dated July 1, 2026, the Company has obtained control over Jain CY Circular Solutions Private Limited, which was hitherto classified as a Joint Venture. Accordingly, the said entity has been reclassified as a Subsidiary with effect from July 1, 2026, and its financial results are consolidated with those of the Company from the date on which control was obtained, in accordance with the applicable Indian Accounting Standards. <br /> <br /> 6) a) During the previous year ended March 31, 2026 Jain Ikon Global Ventures FZC has discontinued its operations on refining of precious metals. <br /> b) Pursuant to the definitive agreement dated July 19, 2025, the Company has received the full repayment of the loan and interest from Sun Minerals Mannar Private Limited during the 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. <br /> <br /> 7) The Company had executed a Loan Conversion Agreement on August 25, 2026 with its subsidiary, Jain Ikon Global Ventures FZC for converting the outstanding loan of Rs.445 Million (approx) as on August 24, 2026 into equity shares of Jain Ikon Global Ventures FZC at face value. The aforesaid loan conversion is pending approvals from the statutory authorities. <br /> <br /> 8) 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 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. <br /> <br /> 9) 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: <br /> Company Relationship Country of Incorporation % Holding as at September 30, 2026 % Holding as at June 30, 2026 % Holding as at September 30, 2025 <br /> a) Jain Resource Recycling Limited (Formerly known as Jain Resource Recycling Private Limited) Holding Company India NA NA NA <br /> b) Subsidiaries / Joint Venture in the Group: <br /> (i) Jain Green Technologies Private Limited Subsidiary India 99.99% 99.99% 99.99% <br /> (ii) Jain Ikon Global Ventures FZC (Classified as discontinued operations) Subsidiary UAE 70.00% 70.00% 70.00% <br /> (iii) Jain Investment Private Limited Subsidiary Sri Lanka 100.00% 100.00% 100.00% <br /> (iv) Jain CY Circular Solutions Private Limited (Refer note 5(c)) Subsidiary / Joint Venture India 52.00% 52.00% NA <br /> c) Associates in the Group: <br /> (i) Sun Minerals Mannar Private Limited (Refer note 6(b)) Associate Sri Lanka 28.88% 28.88% 28.88% <br /> 10) On July 14, 2026, an accident involving a furnace explosion occurred at a section of the Company’s manufacturing facility at Gummidipoondi, resulting in damage to certain property, plant and equipment and inventories. The Company has assessed the extent of the damage and identified a loss of Rs. 18.56 million on property, plant and equipment and Rs.4.71 million on inventories, aggregating Rs.23.27 million. The Company has lodged a claim with its insurers, and the claim is under process. Pending its settlement, no amount has been recognised as recoverable from insurance in the financial results. <br /> <br /> 11) Figures of previous periods/ year have been regrouped, wherever necessary. There has been no material regrouping <br /> during the period. <br /> <br /> 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). <br /> Other Expenses11075500001177250000935770000414000022000028880000190000621600009123000013600000632460000285467000014610070000180060000705970000029623000016041200000103952800001953539000034145460000370001300006901700001653118000017221350000-2507000017196280000491000028340000028831000051670000144040000484020000108438200002553100006173390000642870000012658500001853837000027952000013410000488530000193198300001980385000037000130000Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Six Months ended September 30, 2026 <br /> <br /> The group is organised into five business segments in accordance with Indian Accounting Standard 108, on operating segments as follows: (i) Aluminium & Aluminium Alloys (ii) Lead & Lead Alloy Ingots (iii) Copper & Copper Ingot (iv) Copper and Copper Value Added Products (v) Copper & Finished Copper Scrap as separated lines of business activities by Chief Operating Decision Maker (CODM).Other Financial Assets62160000Other Non Current Assets144420000Right-of-Use Assets471220000Income Tax assets (Net)16820000Other Financial Assets465540000Other Current Assets9620570000Assets related to Discontinued operations309170000Lease Liabilities283400000Other Financial Liabilities1240500000Lease Liabilities25350000Other Current Liabilities245930000Liabilities related to Discontinued operations33590000Aluminium & Aluminium Alloys1541820000Lead & Lead Alloy Ingots16008180000Copper & Copper Ingots37373340000Copper and Copper Value Added Products4690090000Copper & Finished Copper Scrap253500000Others7474300006061436000060614360000Aluminium & Aluminium Alloys99530000Lead & Lead Alloy Ingots1272880000Copper & Copper Ingots1078370000Copper and Copper Value Added Products25830000Copper & Finished Copper Scrap2210000Others-253000024762900002476290000Aluminium & Aluminium Alloys0Lead & Lead Alloy Ingots0Copper & Copper Ingots0Copper and Copper Value Added Products0Copper & Finished Copper Scrap0Others0000Aluminium & Aluminium Alloys0Lead & Lead Alloy Ingots0Copper & Copper Ingots0Copper and Copper Value Added Products0Copper & Finished Copper Scrap0Others0000* Segment revenue reported above represents revenue generated from external customers <br /> <br /> 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.396720000-883380000-22907700000-3226630000000029554800000021586000010150000002400000000135000005982000002388840000005560000-43200000-3972100001784840000000485620000-290000012963200001920000-188300000000006780000710110000333680000020565500000000000000000000635600000923300007535600004250000000000001984120000877000004543700000-7450000-2450460000-4005800001900000-398680000696810000298130000Remeasurement of defined benefit plan438000043800001080000Gain/(Loss) on translation on discontinued operations of foreign subsidiary1350000135000004650000