Jain Resource Recycling Ltd Q2 profit jumps 78%, stock hits 52-week high

Jain Resource Recycling Ltd posted a net profit of ₹99.2 crore in Q2 FY26, a 77.7% year-on-year increase from ₹55.8 crore. Revenue surged 51.8% to ₹2,113.7 crore. The company also announced a new Gujarat joint-venture, which helped market enthusiasm and drove the stock to a 52-week high, rising ~5.5% on the day. Analysts say the strong earnings momentum positions the company favourably within India’s growing waste-to-value and circular-economy theme, but caution valuations may already reflect much of the near-term upside.