Blue Jet Healthcare posts 117.8% YoY revenue growth in Q1 FY26 to ₹3,548 mn
NOOR MOHMMED
22/Jul/2025

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Blue Jet Healthcare's Q1 FY26 revenue surged 117.8% YoY to ₹3,548 mn on strong API & PI sales.
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EBITDA for the quarter rose 173.3% YoY to ₹1,210 mn; EBITDA margin at 34.1%, up 693 bps.
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PAT jumped 141.3% YoY to ₹912 mn; focus remains on R&D, high-value pipeline and capacity expansion.
Mumbai, July 22, 2025:
Blue Jet Healthcare Limited (NSE: BLUEJET | BSE: 544009) has reported a robust set of financials for the quarter ended June 30, 2025, marking a 117.8% year-on-year (YoY) increase in revenue from operations, which stood at ₹3,548 million for Q1 FY26.
The company's performance was led by a strong uptick in its Pharmaceutical Ingredients (PI) and Active Pharmaceutical Ingredients (API) segments, with gross margins at 48.4% for the quarter. Despite a sequential decline in gross margin due to inventory adjustments and product mix shifts, Blue Jet maintained a solid EBITDA margin of 34.1%, up 693 basis points YoY.
Key Financial Highlights – Q1 FY26
Particulars (₹ Mn) | Q1 FY26 | Q4 FY25 | QoQ (%) | Q1 FY25 | YoY (%) |
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Revenue from Operations | 3,548 | 3,404 | 4.2% | 1,629 | 117.8% |
EBITDA | 1,210 | 1,400 | -13.6% | 443 | 173.3% |
EBITDA Margin | 34.1% | 41.1% | (701 bps) | 27.2% | +693 bps |
Profit After Tax (PAT) | 912 | 1,101 | -17.2% | 378 | 141.3% |
PAT Margin | 25.7% | 32.3% | (664 bps) | 23.2% | +251 bps |
Management Commentary
Mr. Shiven Arora, Managing Director, said:
“Blue Jet Healthcare clocked revenue of ₹3,548 million, a growth of 117.8% YoY with EBITDA of ₹1,210 million. This was primarily driven by the ramp-up in our PI and API product categories. Our operational strength and focus on execution continue to drive results.
Looking ahead, we remain confident in our growth strategy — supported by capacity expansions, enhanced R&D capabilities, and a robust high-value product pipeline. We are committed to delivering long-term value through innovation, efficiency, and strategic investments.”
Operational Performance Highlights:
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Revenue Growth:
Strong growth in PI and API verticals contributed significantly to the topline, with QoQ growth of 4.2% and YoY surge of 117.8%. -
EBITDA and Profitability:
EBITDA stood at ₹1,210 million, rising 173.3% YoY. EBITDA margin expanded by 693 bps YoY despite sequential compression due to lower overhead absorption and change in product mix. -
Net Profit:
PAT increased by 141.3% YoY to ₹912 million, with margins improving to 25.7%. -
Sequential Decline (QoQ):
The sequential drop in gross margin (to 48.4% from 54.7%) and PAT was attributed to lower inventory levels and reduced absorption of fixed costs during the quarter.
About Blue Jet Healthcare Limited
Blue Jet Healthcare Limited is a specialty pharmaceutical and healthcare ingredient manufacturer operating under a CDMO (Contract Development and Manufacturing Organisation) model. The company has deep expertise in contrast media intermediates and high-intensity sweeteners, catering to leading multinationals.
Blue Jet is a trusted supplier to GE Healthcare, Guerbet, and Bracco in contrast media, and also serves FMCG majors like Unilever and Colgate Palmolive India in the sweetener space.
The company has a strong innovation focus, anchored in long-term customer relationships and multi-year contracts that drive recurring revenue and sustainable profitability.
Forward-Looking Statement
This press release contains forward-looking statements subject to market risks and uncertainties. Blue Jet Healthcare undertakes no obligation to update forward-looking statements, whether as a result of new information or future events.
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