Jain Resource Recycling Extends Rally, Hits New 52-Week High After Stellar Q2 Earnings and New Gujarat JV Announcement

Mumbai, October 24, 2025 – Shares of Jain Resource Recycling Ltd continued their upward trend on Friday, increasing 5.48% to ₹389 by 12:43 PM IST after hitting a fresh 52-week high of ₹391.70 earlier in the day. The stock rose for a second consecutive session after reporting strong quarterly results and a new joint venture.

Q2 FY26 Performance Boosts Sentiment

Jain Resource Recycling reported strong performance in the quarter ending September 2025, with revenue and profitability both growing significantly year over year. Revenues from operations were ₹2,113.7 crore, reflecting a 51.8% increase from the ₹1,392.1 crore reported in Q2 FY25. Net profit rose by 77.7% year-on-year to ₹99.2 crore, up from ₹55.8 crore, in the corresponding period last fiscal.

This strong growth was driven by demand for this company’s recycled metal products and by operating efficiencies, which renewed investor confidence in its future growth.

Strategic Joint Venture in Gujarat

Earlier this week, the company announced a Joint Venture Agreement with C&Y Group Investments, Inc. to develop a recycling and manufacturing plant in Gujarat. The purpose of the partnership is to expand production capacity, increase exports, and continue to build this company’s leadership position in the sustainable metals sector in India.

Market Reaction

Shares of Jain Resource Recycling Ltd opened at ₹368.10 and moved within a trading range of ₹367.46 to ₹401.30 during the session. The company currently has a market capitalization of ₹13,320 crore.

The stock is trading at a price-to-earnings (P/E) ratio of 59.91. Over the past year, Jain Resource Recycling Ltd’s shares have fluctuated between a 52-week high of ₹401.30 and a 52-week low of ₹247.57, reflecting strong market interest and volatility.

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