Jain Resource Recycling Limited has submitted to the Exchange, the financial results for the quarter and financial year ended March 31, 2026.
JAINREC · price
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Jain Resource Recycling Limited reported strong financial performance for FY26 with standalone revenue from operations growing 50% to Rs 9,231 million from Rs 6,143 million in FY25. Profit after tax increased 64% to Rs 347 million from Rs 211 million. The company completed its IPO in October 2025 raising Rs 4,341 million. The board approved setting up a new plastic recycling plant with Rs 15 crore capex expected to be operational by Q3 FY27. The company also incorporated a joint venture 'Jain CY Circular Solutions Private Limited' with C&Y Group Investments Inc. Statutory auditors MSKC & Associates issued an unmodified opinion. The company secretary resigned citing personal commitments effective June 20, 2026.
The stock should see positive sentiment given strong revenue growth of 50% and PAT growth of 64%, coupled with clean audit opinion and expansion plans. The IPO proceeds and new plastic recycling facility signal growth orientation.