Ortho Sport witnessed 4X rise in its revenue in FY23, reaching Rs 2.52 crore from Rs 62.21 lakh in FY22.
Founded in 2012 by Dr. Manu Bora, Ortho Sport is an orthopedic clinic that offers Arthroscopic Surgery, Joint Presentation and Cartilage Restoration, and Internal Bracing. Dr. Bora focuses on injury prevention for patients through exercises and advanced treatments to aid recovery post-surgery.
The Gurugram-based health tech firm has not yet raised any funding and the current valuation remains undisclosed. The shares of the company are divided between Dr. Manu Bora and Sumitra Bora with the former holding the majority stake in the company.
In May 2024, Ortho Sport made headlines by partnering with Pristyn Care, a healthcare provider, to inaugurate a Centre of Excellence focused on sports injury treatment.
With the rise in revenue, Ortho Sport’s expenses also surged by 6X in FY23 reaching Rs 1.84 crore from over Rs 25 lakh in FY22. Employee benefits make up more than 60% of these costs, with advertising, travel, and commissions also contributing significantly.
On the profit front, The Ortho Sport witnessed a 2X rise in profit reaching Rs 49.80 lakh in FY23 from over Rs 20 lakh in FY22.
Despite revenue and profit rise, Ortho Sport’s current EBITDA margin and ROCE declined to 26.82% and 85.48% respectively.