Practo Sees Significant Improvement: Losses Narrow to Rs 17 Crore with 22% Revenue Boost-health

Practo Sees Significant Improvement: Losses Narrow to Rs 17 Crore with 22% Revenue Boost

2025-01-09

health

In a remarkable turnaround, health-tech platform Practo has managed to narrow its losses to Rs 17 crore, marking a considerable improvement in its financial performance. The company has achieved a 68 per cent compound annual growth rate (CAGR) from FY22 to FY24, demonstrating its rapid expansion and increasing market share. Furthermore, Practo's Ebitda margins have surged to 40 per cent, up from near zero in FY22, indicating enhanced operational efficiency and profitability. This growth can be attributed to the rising demand for digital healthcare services and Practo's strategic efforts to leverage this trend. With its revenue increasing by 22% and losses decreasing, Practo is poised for long-term success in the health-tech industry, driven by key trends such as telemedicine, digital health, and healthcare technology. As the company continues to focus on innovation and customer satisfaction, it is likely to maintain its competitive edge in the market. The future of healthcare is digital, and Practo is at the forefront of this transformation. ...Read more

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