The shares of EPack Prefab Technologies and Jain Resource Recycling rallied on October 23.
EPack Prefab Technologies reported a strong Q2 FY26 performance, posting a net profit of Rs 29.5 crore for July-September, a remarkable 104% rise compared to Rs 14.43 crore in the same quarter last year. Its revenue surged about 62% year-on-year to Rs 434 crore from Rs 268 crore in Q2 FY25. MD & CEO Sanjay Singhania expressed confidence in the company’s robust financials and value creation prospects following its recent stock exchange listing.
EPack’s shares debuted weakly at Rs 183.85 on October 1, about 10% below the IPO price of Rs 204, but have since climbed nearly 33% in 15 sessions, closing around 13% higher at Rs 229.90 after an intraday peak.
Jain Resource Recycling reported an 88% jump in consolidated net profit to Rs 98.59 crore for Q2 FY26, with revenue increasing 52% to Rs 2,113.7 crore. Chairman Kamlesh Jain highlighted plans to expand capacities and diversify into new recycling areas such as e-waste and solar panels.
Jain’s shares listed at Rs 265.05, a 14.25% premium to the IPO price, and have gained over 14%, closing over 3% higher at Rs 366.90 recently.
