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.

August 14, 2024
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