Blue Jet Healthcare Limited CC-Feb26.pdf · 2026-02-13
Good evening, sir. My question is that management has attributed that the recent revenue decline is due to the customer de-stocking. However, during the high growth period of H2 FY25 to Q1 FY26, we observed a nearly 100% spike in trade receivables, rising from Rs.177 crores to Rs.350 crores. Could you please explain this period of significant credit -led sales and why it was immediately followed by two consecutive quarters of a sharp revenue slump?
We observed three good quarters, H2 FY25 and Q1 FY26, with a spike of 100% trade receivables from Rs.177 crores to Rs.350 crores. And after that, OFS happens and there are two slump quarters, back to back, wherein customer de -stocking is happening. And so the previous three quarters sales were led by credit. So can you please explain this?