Date: 12th November, 2026

Financial Performance Summary

Q2 FY27 Results (Consolidated)

  • Total Revenue: ₹11,620.80 Lakh, up 124.86% YoY from ₹5,168.10 Lakh in Q2 FY26
  • EBITDA: ₹1,572.95 Lakh, up 148.48% YoY from ₹633.04 Lakh in Q2 FY26
  • EBITDA Margin: 13.54%, expanded by 129 bps from 12.25% in Q2 FY26
  • Profit After Tax (PAT): ₹879.84 Lakh, up 103.06% YoY from ₹433.28 Lakh in Q2 FY26
  • PAT Margin: 7.57%, decreased by 81 bps from 8.38% in Q2 FY26

QoQ Comparison (Q2 FY27 vs Q1 FY27)

  • Revenue increased 39.96% from ₹8,303.05 Lakh
  • EBITDA increased 22.35% from ₹1,285.60 Lakh
  • EBITDA Margin decreased 194 bps from 15.48%
  • PAT increased 19.13% from ₹738.57 Lakh
  • PAT Margin decreased 133 bps from 8.90%

H1 FY27 Results (Consolidated)

  • Total Revenue: ₹19,923.85 Lakh, up 90.27% YoY from ₹10,471.39 Lakh in H1 FY26
  • EBITDA: ₹2,858.55 Lakh, up 130.34% YoY from ₹1,241.00 Lakh in H1 FY26
  • EBITDA Margin: 14.35%, expanded by 250 bps from 11.85% in H1 FY26
  • PAT: ₹1,618.41 Lakh, up 93.19% YoY from ₹837.73 Lakh in H1 FY26
  • PAT Margin: 8.12%, expanded by 12 bps from 8.00% in H1 FY26

Performance Drivers

Revenue Growth Factors

  • Enhanced production capacity at Frank Metals Recyclers following commissioning of new 4-inch extrusion plant
  • Execution of new orders received from Sundram and Tata at Tycod Autotech
  • Improved capacity utilization at Nupur Extrusion
  • Higher share of manufacturing-led revenue
  • Favorable metal price trends
  • Operational efficiencies coupled with stringent cost management

Subsidiary Performance

Tycod Autotech Private Limited (51% subsidiary, acquired September 1, 2025)

  • Contributed for full quarter in Q2 FY27 vs one month in Q2 FY26
  • Q2 FY27 revenue: ₹1,583.30 Lakh
  • Capacity utilization rose to 30% from 10% in Q1 FY27

Frank Metals Recyclers Limited (80% subsidiary)

  • Recently entered aluminium extrusion with approximately 2,000 MTPA installed capacity (fully utilized in Q2 FY27)
  • Continues zinc ingot, aluminium ingot and aluminium billet operations
  • Q2 FY27 revenue: ₹6,422.80 Lakh

Nupur Extrusion Private Limited (70% subsidiary)

  • Serves solar manufacturers, construction and OEM customers from Sampla (Haryana) facility
  • Q2 FY27 revenue: ₹1,347.96 Lakh
  • Capacity utilization: 50%

Capacity Expansion & Projects

Lithium Iron Phosphate (LFP) Battery Recycling Project

  • Location: Sampla, Haryana
  • Capacity: 6,000 MTPA
  • Technology: Hydrometallurgical technology for recovery of battery materials
  • Investment: ₹50 - ₹70 Crore
  • Funding: Entirely through internal accruals
  • Status: Construction underway
  • Commissioning target: Q4 FY27
  • Project held directly by Nupur Recyclers Limited at standalone level

Additional Expansion Projects

  • Frank Metals: Additional aluminium extrusion plant with 3600 MTPA capacity under installation, commissioning expected in Q4 FY27
  • Nupur Extrusion: Adding 150 MT per month incremental capacity of aluminium extrusion to existing 200 MT per month

Management Commentary

Mr. Rajesh Gupta, Chairman & Managing Director, stated:

  • Q2 FY27 was the strongest quarter in company's history
  • Performance led by higher volumes in core non-ferrous scrap business and growing contribution from subsidiaries
  • Diversified sourcing network across Europe, USA and UAE combined with disciplined procurement sustained margins amid volatile metal prices
  • LFP battery recycling plant construction progressing on 5-acre land parcel with approximate covered area of 1,35,000 square feet
  • Growth levers identified: operating leverage from improved utilization and incremental volume from new capacities
  • Company remains disciplined in capital allocation and committed to strong balance sheet

Company Overview

Nupur Recyclers Limited is a leading importer, trader, recycler, extruder and processor of non-ferrous metal scrap including shredded zinc, zinc die-cast scrap, Zurik scrap and aluminium scrap grades. The company has forward-integrated into zinc and aluminium alloys, ingots and billets, aluminium extrusion and precision auto components through its subsidiaries.