JAINREC · Metals & Mining
Jain Resource Recycling Ltd. reported revenue of ₹1,496 cr for April to June 2024, — on the year and — on the quarter.
Operating profit (EBITDA) was ₹94.0 cr, a margin of 6.3%, — on the year and — on the quarter.
Net profit was ₹60.0 cr, — on the year and — on the quarter, with earnings per share of ₹14.53.
Metal margins move with the spread between product prices and coal and ore costs, so large quarterly swings are normal here and say more about prices than about the business. The quarterly statements do not carry volumes, realisation per tonne and the cost of coal and ore; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,496 cr | ₹1,392 cr | ₹1,781 cr | ₹1,760 cr | ₹1,549 cr | ₹2,114 cr | ₹2,775 cr | ₹3,105 cr | ₹2,724 cr |
| YoY | — | — | — | — | +4% | +52% | +56% | +76% | +76% |
| EBITDA margin | 6.3% | 6.3% | 5.0% | 5.3% | 5.8% | 7.6% | 7.2% | 3.5% | 4.0% |
| Other income, % of PBT | 13% | 10% | 17% | 11% | 8% | 4% | 1% | 11% | 10% |
| Exceptional items | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 27% | 24% | 30% | 26% | 27% | 26% | 26% | 26% |
| Net profit | ₹60.0 cr | ₹53.0 cr | ₹59.0 cr | ₹53.0 cr | ₹57.0 cr | ₹99.0 cr | ₹126 cr | ₹66.0 cr | ₹69.0 cr |
| YoY | — | — | — | — | −5% | +87% | +114% | +25% | +21% |
| Core profit YoY | — | — | — | — | +1% | +100% | +164% | +18% | +20% |
| EPS | ₹14.53 | ₹12.81 | ₹14.29 | ₹1.62 | ₹1.75 | ₹2.86 | ₹3.66 | ₹1.91 | ₹2.01 |
| Flags | · | · | · | · | ✓ | 1 | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Jain Resource Recycling Ltd. reported revenue of ₹1,496 cr (— on the year) and net profit of ₹60.0 cr (— on the year) for April to June 2024.
None of the 2 checks that could run raised a question.
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