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Earnings · Hospital & Healthcare · Micro cap

Star Imaging's FY26 revenue is flat at ₹50 cr. Profit barely moved.

The nano-cap diagnostics firm reported near-identical results to last year. Revenue held at ₹5,002.53 lakhs, net profit inched up 2%.

4 earlier stories on Star Imaging and Path Lab Ltd.
Mkt cap₹143 cr
P/E7.41×
ROE33.78%
Debt / eq.0.69
₹5,002.53 lakhs FY26 standalone revenue, virtually unchanged from FY25.

What's new

  • FY26 standalone revenue of ₹5,002.53 lakhs is flat versus ₹5,000.02 lakhs in FY25.
  • Net profit increased slightly to ₹1,931.60 lakhs from ₹1,891.29 lakhs.
  • Auditor issued an unmodified opinion; IPO proceeds utilization disclosed.

Why this matters

This is a public company reporting zero revenue growth over a full year. For a diagnostics player in a growing healthcare market, flat top-line signals a failure to capture new patients or tests. The slight profit uptick likely stems from cost control, not business expansion.

What we're watching

  • Consolidated figures, not yet detailed, for a broader business picture.
  • Management commentary on volume drivers or new lab capacity.
  • IPO proceeds utilization for signs of delayed expansion.

The full read

Star Imaging and Path Lab's FY26 results show a business standing still. Standalone revenue of ₹5,002.53 lakhs is virtually unchanged from ₹5,000.02 lakhs in FY25. Net profit inched up to ₹1,931.60 lakhs from ₹1,891.29 lakhs, but that minor gain didn't come from any expansion in the top line. The auditor's unmodified opinion is clean. The filing also covers IPO proceeds utilization, but the central question now is whether those funds are translating into any capacity at all when the core business is not growing. This is a routine earnings release with no new information, but the lack of growth is the story.

Questions answered

How did Star Imaging's FY26 revenue compare to the prior year?
Standalone revenue was ₹5,002.53 lakhs in FY26, almost exactly the same as FY25's ₹5,000.02 lakhs. The change is negligible.
Did the company's profitability improve?
Yes, marginally. Standalone net profit increased to ₹1,931.60 lakhs from ₹1,891.29 lakhs. The rise did not come from revenue growth.
What did the auditor say about these numbers?
The auditor issued an unmodified opinion, meaning they found no material issues with the financial statements.
Why are the half-year results included?
It is standard procedure for annual filings to include the audited half-year figures. The filing notes no major beats or misses.
Mentioned: ₹5,002.53 lakhs FY26 revenue · ₹1,931.60 lakhs net profit · Unmodified auditor opinion
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

  1. 25 May 2026 · 4:03 PM IST Star Imaging's FY26 revenue is flat at ₹50 cr. Profit barely moved.
  2. today Star Imaging installs North India's first 1184-slice CT scanner in Delhi
  3. 12d ago Star Imaging targets 25-30% revenue growth in FY27
  4. 14d ago Star Imaging cuts FY27 growth guidance after licensing delays
  5. 17d ago Star Imaging reports stagnant FY26 revenue of ₹5,002 lakhs