Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore

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Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore - Business Standard

Quick Summary:

Health-tech platform Practo has reported a 22 per cent growth in revenue to Rs 240 crore for the 2023-24 financial year as it achieved a gross merchandise value of Rs 3,500 crore in the year, according to a company statement.

The digital healthcare platform, which connects patients and doctors, narrowed its losses to Rs 17 crore in 2023-24 from Rs 99 crore in the previous financial year, the statement said.

Practo stated that also achieved its first full profitable quarter in the last quarter of 2023-24 and is on its path to sustained profitability with consecutive profit in the preceding 12 months ending September 2024.