Total expense during the period under review added up to Rs 1984.46 crore, up 49.6% YoY. This was primarily on account of higher raw material costs (up 86.2% YoY) and higher other expenses (up 51.8% YoY).

Profit before tax in Q2 FY26 stood at Rs 135.14 crore, up by 79.6% from Rs 75.26 crore posted in Q2 FY25.

Jain Resource Recycling, based in Chennai, turns non-ferrous scrap into value-added lead, copper and aluminium products, with its lead brand registered on the LME. Backed by three Tamil Nadu facilities and subsidiary JGTPL, the company exports around 60% of its output to marquee clients like Vedanta-Sterlite, Luminous Power and Mitsubishi.

The scrip rose 0.46% to end at Rs 351.70 on the BSE today.

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