Pristyn Care Reports Robust Financial Growth in FY 23-24, Operating Revenue Jumps 33 percent, Aims for Profitability by FY 26

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
₹632
crore,
reflecting
a
solid
28%
year-on-year
increase.
In
its
largest
business
segment,
Secondary
Care
surgeries,
Pristyn
Care
achieved
a
42%
reduction
in
EBITDA
burn,
showcasing
improved
operational
efficiency.
This
performance
was
driven
by
a
rise
in
organic
patient
traffic,
which
grew
from
under
40%
to
nearly
60%,
helping
the
company
reduce
marketing
expenses
by
60%
and
contributing
to
the
EBITDA
improvement.

Looking
forward
to
2024-25,
the
surgery
business
is
expected
to
see
another
35%
revenue
increase,
along
with
a
further
60%+
reduction
in
EBITDA
burn.
These
projections
align
with
Pristyn
Care’s
goal
of
achieving
profitability
by
2026.

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.

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.