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Indian hospitality giant Oyo reports first profit after tax (PAT) of Rs 229 crore ($30 million) for FY24.
Indian hospitality giant Oyo has reported its first-ever profit after tax (PAT) of Rs 229 crore ($30 million) for FY24, with adjusted EBITDA growing by 215% to Rs 877 crore ($115 million), up from Rs 277 crore ($36 million) in FY23.
The company's inventory increased from 12,938 in FY23 to 18,103 in FY24, and its per share earnings per share (EPS) in FY24 stood at approximately Rs 0.36, a turnaround from a loss per share of Rs 1.93 in FY23.
Oyo saw growth across Europe, the US, Southeast Asia, and the Middle East.
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El gigante de la hospitalidad india Oyo reporta el primer beneficio después de impuestos (PAT) de Rs 229 crore ($30 millones) para el año fiscal 24.