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