Jain Resource Recycling falls after sequential decline in quarterly profit

Jain Resource Recycling

19/05/2026 05:37

** Jain Resource Recycling JAIE.NS shares fall 17.3% to 383.20 rupees, extending declines for a second-straight session after falling 18.1% in the previous session

** Reports quarterly net profit from continued operations of 660.4 million rupees, up from 542.3 million rupees, a year earlier, but down about 49% sequentially from the December quarter

** Revenue from operations rises to 31.05 billion rupees, from 17.60 billion rupees last year

     ** Co says will set up a new plastic recycling plant with 150 million rupees CapEx

** Stock trades at a forward 12-months PE of 25.30 vs industry median of 15.88

** YTD, JAIE down 5.1%

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))