Blue Jet Healthcare Limited CC-Jun25.pdf · 2025-07-22
My question is on the gross margin. Rather than taking it offline, it would be helpful if most of the participants have this question so we can clarify on this here itself. Ganesh Karuppannan What is your question on gross margin?
You mentioned the right to look at a consolidated of Q4 F Y'25 and Q1 FY'26. Why to do that and why the revenue should be recorded in the Q4 itself and not in Q1? Ganesh Karuppannan Unless you make a sale, then only you can recognize the revenue. In our case, you have both finished goods and goods in transit. Certain finished goods are recognized as sale only when it reaches the customer destination. So, the finished goods has two parts. One is what we physically have it at site and the second one is in transit because certain Incoterms allows us to recognize revenue only when it reaches the customer. When you t ake both of this, you have this, t his is I would actually call it more as an aberration for this quarter. I would actually say this is more an accounting, the way Sanjay put it across. When the inventory gets released, this overhead absorption happens. I think had we maintained a similar finished goods level like last quarter; you would not have seen this impact.