Blue Jet Healthcare Limited CC-Jun25.pdf · 2025-07-22
Ganesh sir, this is a question for you on the inventory. I am sorry for harping on it again. But I do not believe that we record finished goods on the selling price. We record finished goods on the lower of cost basically. I am reading your annual report note which has accounting policy on finished goods. And it is clearly mentioned that we value at lower of cost and NRV. So, the overhead that we are talking which have been brought from last quarter to this quarter does not really make a lot of sense to me. So, if you can help us understand and even if I look at our past quarter cost of raw materials, they have never actually crossed 46%-47% and while I understand that pharma Intermediate has scaled up in the last 3 -4 quarters, when it scaled up in December '24, then also our cost of raw materials was 45%, which was the same in March '25 number as well. So, if you can really help us understand what happened to our gross margin this quarter, it would be helpful.
That comes to around 17 crores-18 crores. Do you mean that we did not recognize that last quarter and our numbers were higher by that last quarter? Ganesh Karuppannan Yes. If you want to understand more clearly, if you just take the Q4 and Q1 of this, the calendar six months, you would get a gross margin of 53%.