Practo turns profitable in FY25, looks to expand global footprint
New Delhi, Aug 4 (PTI) Health-tech platform Practo turned profitable in 2024-25, posting an operating profit of Rs 15 crore, and looks to focus on global expansion and AI-led healthcare in the coming years, according to its FY25 Annual Letter.
Practo has reported six consecutive quarters of profit, which signals the scalability and sustainability of digital healthcare at scale, as per the letter.
The company, which plans to come out with its IPO soon, reported operating EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 15 crore for 2024-25.
Its revenue stood at Rs 234 crore last fiscal while the Gross Merchandise Value (GMV) was Rs 3,500 crore along with positive cash flows, according to the letter.
'Overall contribution margin improved from 40 per cent in FY24 to 46 per cent in FY25, reflecting its deep focus on operational efficiency and high-margin services," it stated.
As the firm enters the next phase of growth, it will focus on three strategic pillars – better outcomes through AI, scaling impact globally and sustained profitability with growth in the current fiscal, Practo CEO & Co-founder Shashank ND stated.
'The company is also looking to explore organic and inorganic growth opportunities," Shashank said.
On its performance in FY 2024-25, the Bengaluru-based firm said that more than 50 million patients were served globally, making the platform one of the world's largest digital health platforms.
More than 5 lakh verified doctors onboarded, enabling transparent, informed care decisions, it stated.
In May 2025, Practo launched consumer-facing healthcare services in the UAE, with over 50,000 monthly users, 31,000 listed doctors, and 3,000 clinics on the platform. PTI MSS MSS DR DR
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
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