Tata 1mg FY22 revenue up 66% to Rs 222 cr; net loss narrows to Rs 146 cr

Tata group-owned online pharmacy 1mg’s revenue from operations rose 65.7 per cent to Rs 222.10 crore in FY22, while its net loss narrowed to Rs 146.30 crore, according to data sourced by business intelligence platform Tofler.

Tata 1mg’s revenue from operations in FY21 stood at Rs 134.04 crore and its net loss was Rs 281.41 crore. Its other income for the financial year ended March 31, 2021, was Rs 24.14 crore.

Tata 1mg’s total income during FY22 was at Rs 246.25 crore, up 44.19 per cent from Rs 170.78 crore in the previous year.

In FY22, facilitation fees accounted for Rs 23.15 crore of revenue and Rs 139.64 crore came from lab test receipts.