Pristyn Care Records 46% Growth in FY23 Income, Targets Rs 1,000 Crore in FY24

Healthcare service provider Pristyn Care reported a significant surge in its consolidated total income for FY23, reaching Rs 494 crore—a 46% increase from FY22's Rs 339 crore. The growth is coupled with a 5% improvement in EBITDA margins. With a strategic focus on profitability, Pristyn Care aims to reduce its burn rate by 50% in the current fiscal year, primarily by cutting marketing expenses and optimizing personnel costs. Despite an EBITDA loss of Rs 393 crore in FY23, the company is optimistic about halving this loss to Rs 199 crore in FY24, expecting a doubling of revenue. Pristyn Care plans to surpass Rs 1,000 crore in revenue in FY24, focusing on operational efficiency, governance, and expanded services.