OYO projects a three-fold increase in profit after tax to over Rs 700 crore in FY25 after a Rs 108 crore loss in Q1 FY24.
OYO, a leading hospitality platform, projects a three-fold increase in profit after tax to over Rs 700 crore in FY25, a significant turnaround from the Rs 108 crore loss in Q1 FY24. This growth is attributed to the firm's expansion in key markets such as India, Southeast Asia, and the United States, as well as strategic partnerships and investments in Europe. OYO reported a net profit of Rs 132 crore in Q1 FY25, and the company's Adjusted EBITDA grew by 215% to reach Rs 877 crore in FY24.
August 28, 2024
71 Articles