Practo Sees Significant Growth: 22% Revenue Increase, Losses Narrowed to Rs 17 Crore-health

Practo Sees Significant Growth: 22% Revenue Increase, Losses Narrowed to Rs 17 Crore

2025-01-09

health

Practo, a leading health-tech platform, has demonstrated impressive financial growth, with a 22% increase in revenue and a significant narrowing of losses to Rs 17 crore. The company's remarkable performance is further highlighted by a 68% compound annual growth rate (CAGR) from FY22 to FY24. This substantial growth can be attributed to Practo's strategic expansion and enhanced service offerings, which have resulted in increased user engagement and revenue. The company's Ebitda margins have also shown a notable improvement, rising to 40% from near zero in FY22, indicating improved operational efficiency and cost management. As the health-tech industry continues to evolve, Practo's focus on innovation and customer satisfaction is expected to drive further growth and success. With its strong financial foundation and commitment to delivering high-quality services, Practo is well-positioned to maintain its market leadership and capitalize on emerging opportunities in the digital health landscape, leveraging key trends such as telemedicine and digital health services. ...Read more

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