Blue Jet Healthcare shares crash 10% post Q1 earnings. Here's what triggered the fall
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Shares of Blue Jet Healthcare tanked 10% on Tuesday to hit the day's low Rs 90.6.15 on the NSE following the announcement of its Q1 earnings. The company reported a 17% drop in its sequential net profit to Rs 91 crore versus Rs 110 crore reported in Q4FY25.The company also reported a 4% decline in its June quarter revenues at Rs 355 crore as against Rs 340 crore reported in the corresponding quarter of the last financial year.The selling pressure was seen despite a 141% surge in Blue Jet's profit after tax (PAT) on a year-on-year basis with the company reporting a bottom line of Rs 38 crore in Q1FY25. The topline increased by 118% on the YoY basis versus Rs 163 crore posted in the April-June quarter of FY25. Blue Jet Healthcare shares hit a 52-week high of Rs 1,027.80 on Monday.The company's PAT decline could be attributed to a double-digit rise in its quarterly expenses on a QoQ and YoY basis. Blue Jet reported expenses of Rs 240 crore in the quarter under review, up 17% from Rs 205 crore in Q4FY25 and 97% from Rs 122 crore in the year-ago period. The expenses were made under the heads like 'Cost of Materials Consumed', 'Employee Benefits Expense', and 'Finance Cost', among other things.The company is engaged in the manufacturing of artificial sweetener, contrast media intermediate, pharma intermediate, and APIs used in pharmaceutical and healthcare products.Blue Jet Healthcare is a smallcap stock with a market capitalization of Rs 15,718.57. The stock has been a multibagger with 116% returns over a 1-year period. This stock has rallied 57% on a year-to-date basis notwithstanding today's sharp decline.It is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 884 and Rs 705, respectively, according to Trendlyne. The stock has also displayed high volatility in the past one year with a beta of 1.3.Also read: IRFC stock tumbles 35% after 551% 3-year surge. What to do ahead of Q1 results?
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