StockWatch
·

Blue Jet Healthcare Ltd

BSE: 544009

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
308.35
+19.7%-15.1%
Expenditure
202.40
+18.8%-15.7%
Net Profit
78.26
+21.6%-14.2%
OPM %
33.46%
+3.09pp-0.65pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00101.64203.29304.93406.57Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Sequential Rebound Masks Steep Organic Profit Decline — Capex Thesis Intact, But Patience Required

CDMO · PI/API recovery · contrast media miss

Result verdictFollow-upQ1 FY2707 Aug 20266 minPharma & Healthcare

Sequential recovery masks YoY miss; long capex cycle ahead

PI/API normalization · contrast media timing · Vizag capex

TranscriptDeep diveQ1 FY2707 Aug 20266 minPharma & Healthcare

Blue Jet Q1 PAT falls 14% YoY to ₹78 Cr as revenue slips 17% off high base; margins hold

pharma intermediates · contrast media · api

ResultsQ1 FY2703 Aug 20263 minPharma & Healthcare
Latest
Board Meeting3 Aug, 12:45 pm

Blue Jet Q1 PAT falls 14% YoY to ₹78 Cr as revenue slips 17% off high base; margins hold

Blue Jet Healthcare opened FY27 with a year-on-year decline: standalone revenue from operations of ₹293.11 Cr fell 17.4% against a strong ₹354.76 Cr in Q1 FY26, and net profit of ₹78.26 Cr was down 14.2% from ₹91.17 Cr. The optics are far better sequentially — revenue up 24.9% and PAT up 21.6% over a soft Q4 FY26 — but the year-ago base is the primary read, and on that measure the quarter is a step down for a company management had positioned for a "commercialization and growth cycle" in FY27. Margins were the redeeming feature: net margin held at ~25.4% of total income (vs ~25.1% a year ago), and gross material cost eased to ~47% of sales (from ~52%), even as reported cost of materials jumped on a ₹41.77 Cr inventory build. Operating margin at ~33.5% slipped only marginally from 34.1% YoY, while other income of ₹15.24 Cr (up from ₹8.25 Cr) cushioned the bottom line. So this is a topline-and-volume problem, not a profitability one — the single reportable segment (sweeteners, contrast media intermediates, pharma intermediates/APIs) simply did less business than in a bumper year-ago quarter, with the PI/API normalisation management flagged not yet visible in the print. The result sits awkwardly against expectations. Street consensus embeds ~23% revenue and ~21% profit growth for full-year FY27 (Trendlyne, 5 analysts), and management's own last-call guidance was for double-digit contrast-media growth plus PI/API recovery beyond FY25 peaks — a 17% YoY revenue decline in Q1 is a soft start against both, implying heavy H2 back-loading is now required. On corporate actions the quarter was busy: the board declared a ₹1.2/share (60%) FY26 dividend (record date Sep 14), re-appointed Executive Chairman Akshay Arora and MD Shiven Arora for five-year terms (Apr 2027–2032) and reappointed auditor KKC, and — just after quarter-end — closed an ₹800 Cr QIP at ₹506/share (1.58 Cr new shares) earmarked for the Vizag greenfield and Mahad completion. That raise strengthens the balance sheet for the promised capex cycle but will dilute EPS (already ₹4.51 vs ₹5.26 YoY) until the new capacity contributes.

3 Aug 2026, 12:45 pm

Corporate Events

Board MeetingBLUEJET
2026
21Sep

Board Meeting

The 58th Annual General Meeting of the Company is scheduled …

BSE Filing ↗
DividendBLUEJET
2026
14Sep

₹1.2 / share

BSE Filing ↗
Board MeetingBLUEJET
2026
3Aug

Board Meeting

The Board of Directors meeting is scheduled to consider and …

BSE Filing ↗
Board MeetingBLUEJET
2026
6Jul

Board Meeting

The Investment and Finance Committee considered and approved…

BSE Filing ↗
Board MeetingBLUEJET
2026
25May

Board Meeting

The board meeting is scheduled to consider and approve the a…

BSE Filing ↗
Board MeetingBLUEJET
2024
29Oct

Board Meeting

Approval of the Unaudited Standalone Financial Results for t…

BSE Filing ↗
Board MeetingBLUEJET
2024
25May

Board Meeting

Approval of the Audited Standalone Financial Results, Quarte…

BSE Filing ↗