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Healthtech firm Practo posts first full-year profit in FY25
Financial Express Kochi
|May 29, 2025
HEALTHTECH STARTUP PRACTO posted profit in all four quarters of a financial year for the first time in FY25, after narrowing its operating losses over the previous two years.
The company first turned profitable in Q4FY24 and has remained so in all successive quarters, its co-founder and CEO Shashank ND said at a media roundtable on Wednesday. The firm is doubling down on its core business that is growing 25-30% year-on-year (y-o-y).
"We made a couple of million dollars in profit in FY25, and we'll only go from strength to strength from hereon," he said.
The firm managed to reduce its operating losses to ₹17 crore in FY24 from ₹99.4 crore by focusing on operational efficiency, automation, and strategic cost management. Meanwhile, revenue rose 22% to ₹240 crore.
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Rupee sinks to all-time low, reports steepest weekly fall in 6 months
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IPOs in Dec moderated from ’25 peak: Sebi bulletin
FUNDRAISING BY INDIAN companies through initial public offerings (IPOs) relatively moderated in December compared to the peak levels in 2025, though the number of new issuances was the highest and the issuance size was the third highest globally, a bulletin released on Friday by the Securities and Exchange Board of India (Sebi) showed.
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States' combined fiscal deficit rose to 3% in 2024-25: RBI report
STATES' CONSOLIDATED GROSS fiscal deficit rose to 3.3% of gross domestic product (GDP) in 2024-25, after staying below 3% for the previous three years, according to a Reserve Bank of India's (RBI) annual report on state finances released on Friday.
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Prepare orders for Nvidia chips: China to firms
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Financial Express Kochi
Tata Power secures World Bank loan for its Bhutan project
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