Jain Resource at new high

Jain Resource Recycling Ltd (JRRL) is doing splendidly well in this lacklustre market, which seems to be  almost in a hangover after the fierce Diwali celebrations over the week.

The stock, which had closed yesterday at Rs.369.30, went on to hit another new high today at Rs.396.90 and remains strongly in the green.

The stock price is up after the company announced a robust Q2FY26 performance, underscoring strong profitability and improved operational efficiency. The upbeat results have boosted sentiment around the counter, which has steadily recovered from its discounted listing earlier this month.

For the quarter ended 30 September 2025, the company reported a consolidated net profit of Rs.992 crore, up 78% (YoY).Revenue from operations surged 52% YoY to Rs.21,140 crore, driven by higher realizations and strong demand across key recycling verticals.
EBITDA rose to Rs.1,600 crore, while EBITDA margin improved to 7.57% v/s 6.31% YoY, reflecting better cost control and operating leverage.

The company had launched its Rs.1,450 crore IPO at an issue price of Rs.135 per share. The issue received strong investor interest, oversubscribed multiple times across institutional and retail categories. However, the stock listed at Rs.129.50 per share on the NSE, a 4% discount to the issue price, amid cautious sentiment and profit-booking in industrial counters.
Post-listing, JRRL has since rebounded more than 20%, supported by strong Q2FY26 numbers and improving visibility in the recycling and circular economy segment.

JRRL operates in the non-ferrous metal recycling and resource recovery space, serving industries like automotive, construction, packaging, and renewables.

The company’s results highlight meaningful margin expansion and a steady improvement in asset efficiency but it’s equally pertinent to monitor input cost volatility and working-capital trends in the coming quarters.