{"id":879498,"date":"2024-11-22T08:17:23","date_gmt":"2024-11-22T02:47:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=879498"},"modified":"2024-11-22T08:27:26","modified_gmt":"2024-11-22T02:57:26","slug":"pharmeasy-halves-loss-to-rs-2533-crore-in-fy24-revenue-shrinks-15-per-cent","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/22\/pharmeasy-halves-loss-to-rs-2533-crore-in-fy24-revenue-shrinks-15-per-cent\/","title":{"rendered":"PharmEasy halves loss to Rs 2,533 crore in FY24, revenue shrinks 15 per cent"},"content":{"rendered":"<p>After a year of cost-cutting measures, online pharmacy startup Pharmeasy has reduced its losses by 51% to Rs 2,533.5 crore in FY24, primarily due to lower goodwill impairment charges and an overall decline in expenses. <\/p>\n<p>In FY23, the Mumbai-based company\u2019s losses stood at Rs 5,211.7 crore. However, revenue from operations shrank 14.8% to Rs 5,664 crore in FY24, and it struggled to gain back its market share due to competition from players such as Tata 1mg, Reliance-owned Netmeds, and Apollo 24\u00d77, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a year of cost-cutting measures, online pharmacy startup Pharmeasy has reduced its losses by 51% to Rs 2,533.5 crore in FY24, primarily due to lower goodwill impairment charges and an overall decline in expenses. In FY23, the Mumbai-based company\u2019s losses stood at Rs 5,211.7 crore. However, revenue from operations shrank 14.8% to Rs 5,664 crore in FY24, and it struggled to gain back its market share due to competition from players such as Tata 1mg, Reliance-owned Netmeds, and Apollo 24\u00d77, among others.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-879498","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/879498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=879498"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/879498\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=879498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=879498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=879498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}