Pristyn Care, India’s leading healthcare provider specializing in secondary care surgeries, has filed its audited financials for the year 2023-24. The results highlight strong revenue growth and a significant reduction in operational costs across key segments.
The company reported consolidated revenue of Rs 632 crore, reflecting a solid 28 per cent year-on-year increase. In its largest business segment, Secondary Care surgeries, Pristyn Care achieved a 42 per cent reduction in EBITDA burn, showcasing improved operational efficiency.
Surge in organic patient traffic
This performance was driven by a rise in organic patient traffic, which grew from under 40 per cent to nearly 60 per cent, helping the company reduce marketing expenses by 60 per cent and contributing to the EBITDA improvement.
#FINTRACKR: Pristyn Care revenue grows 33% to Rs 601 Cr in FY24
◾The company follows a hybrid model, setting up its own clinics and utilizing third-party hospital infra to provide surgeries.
✍️ @Kunal_POV https://t.co/NT78LJminl
— Entrackr (@entrackr) December 30, 2024
Looking forward to 2024-25, the surgery business is expected to see another 35 per cent revenue increase, along with a further 60 per cent + reduction in EBITDA burn. These projections align with Pristyn Care’s goal of achieving profitability by 2026.
Investment in advanced medical technology
The company’s growth has been supported by investments in advanced medical technology, which have boosted its market share for high-value surgeries. Improved insurance partnerships have also simplified pre- and post-authorization processes, making the patient experience smoother.
‘Our strong financial performance in FY 24 reflects the trust our patients place in us and the relentless dedication of our team. As we focus on achieving profitability by FY 26 and preparing for an IPO by FY 28, we are committed to transforming healthcare delivery in India through innovation, efficiency, and patient-centric care,’ said Harsimarbir Singh, Co-founder, Pristyn Care.
Operating 100 clinics in 30 cities
With a presence in over 30 cities operating 100 clinics and operating patients across 200 hospitals, Pristyn Care continues to redefine Secondary Care surgeries in India. As the company sets its sights on the next phase of growth, it remains dedicated to delivering superior healthcare outcomes while creating long-term value for its stakeholders.
