Ortho Sport witnesses 4X rise in topline in FY23, profits surge Ortho Sport, founded in 2012 by Dr. Manu Bora, experienced a remarkable 4X revenue increase in FY23, soaring to Rs 2.52 crore from Rs 62.21 lakh in FY22. The Gurugram-based orthopedic clinic specializes in advanced treatments such as Arthroscopic Surgery and Joint Presentation. Despite its growth, expenses surged 6X to Rs 1.84 crore, with employee benefits accounting for over 60% of costs. Profits doubled, reaching Rs 49.80 lakh, up from Rs 20 lakh. Ortho Sport remains unfunded, with undisclosed valuation, and its shares are primarily held by Dr. Bora and Sumitra Bora. In May 2024, it partnered with Pristyn Care to establish a Centre of Excellence for sports injury treatment. EBITDA margin and ROCE declined to 26.82% and 85.48%, respectively. #OrthoSport #OrthopedicClinic #HealthcareInnovation #SportsInjury #JointPreservation #InjuryPrevention #HealthcarePartnership #BusinessGrowth #HealthTech #HealthcareExcellence #SportsMedicine #TheKredible #News #Startup https://thekredible.com/blogs/ortho-sport-witnesses-4x-rise-in-topline-in-fy23-profits-surge