Blue Jet Healthcare Reports Mixed Q2FY26 Results with 53% Revenue Decline but Strong Half-Year Growth
Blue Jet Healthcare, a manufacturer of pharmaceutical intermediates and APIs, reported a 53% quarter-on-quarter decline in Q2FY26 revenue to Rs. 1,655.00 million, primarily due to inventory de-stocking in the pharmaceutical intermediates segment. However, the company maintained strong profitability with a 33% EBITDA margin and 32% PAT margin. H1FY26 results showed significant year-on-year growth, with revenue up 40% to Rs. 5,202.00 million. The company launched a new iodinated contrast media intermediate, reported growth in the MRI segment, and made strategic investments including land acquisition near Vizag and capex of over Rs. 82.00 crores.

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Blue Jet Healthcare , a manufacturer of artificial sweeteners, contrast media intermediates, pharma intermediates, and APIs used in pharmaceutical and healthcare products, has reported mixed financial results for the second quarter of fiscal year 2026 (Q2FY26).
Q2FY26 Financial Highlights
- Revenue from operations: Rs. 1,655.00 million, down 53% from Rs. 3,548.00 million in Q1FY26
 - EBITDA: Rs. 549.00 million with a 33% margin
 - PAT (Profit After Tax): Rs. 521.00 million with a 32% margin
 
The significant revenue decline was primarily attributed to lower sales in the pharmaceutical intermediates segment due to channel inventory de-stocking.
H1FY26 Performance
Despite the Q2 decline, the company reported strong half-year results:
- H1FY26 revenue: Rs. 5,202.00 million, up 40% year-on-year from Rs. 3,712.00 million in H1FY25
 - EBITDA: Increased 55% to Rs. 1,759.00 million
 - PAT: Grew 49% to Rs. 1,433.00 million
 
Operational Highlights
- Launched a new iodinated contrast media intermediate
 - Reported robust growth in the MRI segment contrast media
 - Cash and treasury investments increased to Rs. 3,413.00 million as of September 30, 2025
 - Acquired 102 acres of land near Vizag for Rs. 42.00 crores
 - Incurred capex investment of over Rs. 82.00 crores during April-September 2025
 
About Blue Jet Healthcare
Blue Jet Healthcare Limited specializes in manufacturing artificial sweeteners, contrast media intermediates, pharma intermediates, and APIs for pharmaceutical and healthcare products. As of September 30, 2025, the company does not have any subsidiaries, associates, or joint ventures.
The company faces challenges in the current quarter, but its strong half-year performance and strategic investments indicate its efforts to navigate market conditions.
Historical Stock Returns for Blue Jet Healthcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| -10.00% | -5.03% | -11.09% | -18.24% | +28.36% | +46.75% | 



































