JAINREC

** 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;))

May 18 (Reuters) - Jain Resource Recycling Ltd JAIE.NS:

• JAIN RESOURCE RECYCLING LTD MARCH-QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 660.4 MILLION RUPEES

• JAIN RESOURCE RECYCLING LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 31.05 BILLION RUPEES

• JAIN RESOURCE RECYCLING LTD - TO SET UP NEW PLASTIC RECYCLING PLANT WITH 150 MLN RUPEES CAPEX, OPERATIONAL BY Q3 FY27

Further company coverage: JAIE.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of non-ferrous metal recycler Jain Resource Recycling JAIE.NS rise 3.6% to 434.95 rupees, extending gains to a third straight session

** Motilal Oswal reiterates "buy" with TP of 560 rupees, a 33% upside to stock's last close

** Brokerage says copper supply gap is widening, with demand expected to grow about 1.5 times by 2040 while only ~70% of requirements may be met through mining by 2035

** "In such a tightening supply scenario, JAINREC's forward integration into value-added copper products is strategically aligned with the fastest-growing new-age copper demand engines" - brokerage

** Motilal Oswal prefers JAIE due to its strong position in a tightening copper market, better pricing for green metals, and lower growth risks from integration and diversification

** YTD, stock up 4.5%

(Reporting by Abhinav Parmar in Bengaluru)

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

Feb 9 (Reuters) - Jain Resource Recycling Ltd JAIE.NS:

• JAIN RESOURCE RECYCLING LTD - DEC-QUARTER CONSOL NET PROFIT FROM CONTINUING OPERATIONS 1.29 BILLION RUPEES

• JAIN RESOURCE RECYCLING LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 27.75 BILLION RUPEES

Further company coverage: JAIE.NS

((Reuters.Briefs@thomsonreuters.com;))