Sterling Accuris Diagnostics Achieves 22% Growth in FY25

Sterling Accuris Diagnostics recorded a significant 22% year-on-year increase in its operational scale for the fiscal year ending March 2025. Notably, this Ahmedabad-based company also managed to reduce its losses and achieved positive EBITDA in the last fiscal year.

Financial Performance Overview

The company’s revenue from operations climbed to Rs 198 crore in FY25, rising from Rs 162 crore reported in FY24, as per the consolidated financial statements acquired from the Registrar of Companies (RoC). Founded in 2014, Sterling Accuris Diagnostics provides over 2,000 tests across approximately 150 labs and collection centres in four states, with testing services being its exclusive revenue generator.

Income and Expenses Breakdown

Additionally, the firm generated Rs 4 crore from non-operating sources, pushing its total income to Rs 202 crore in FY25 compared to Rs 169 crore in FY24. When reviewing expenditures, employee benefits represented the largest cost at Rs 52 crore, marking an 18% increase from Rs 44 crore in FY24, followed closely by material costs at Rs 45 crore and fees for doctors and pathologists at Rs 40 crore. Depreciation charges were recorded at Rs 19 crore, with finance costs amounting to Rs 6 crore in the last fiscal year. Overall, Sterling Accuris Diagnostics saw its total expenses rise by 14% to Rs 221 crore in FY25 from Rs 194 crore in FY24. For a more detailed breakdown of expenses, consult several reputable sources.

Loss Reduction and EBITDA Growth

As revenue growth outpaced expenses, the firm succeeded in reducing its losses by 15%, decreasing from Rs 27 crore in FY24 to Rs 23 crore in FY25. Crucially, Sterling Accuris Diagnostics reported a positive EBITDA of Rs 5.5 crore in FY25, with the EBITDA margin improving from -0.59% to 2.72%. The company’s ROCE was recorded at -7.07%.

Unit Cost Efficiency

On a unit basis, Sterling Accuris incurred Rs 1.12 to earn a single rupee in FY25, an improvement from Rs 1.20 in FY24. As of March 2025, the company reported current assets of Rs 52 crore, which included Rs 22 crore in cash and bank balances.

Funding and Stakeholders

According to various informed sources, Sterling Accuris has successfully raised a total of $33 million in funding to date. Its primary investors include Morgan Stanley, which holds a 35.64% stake, and Udhay Vi Realty, with a 17% interest.