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FINANCIAL RESULTS OYO
Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stakeOyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The co...15 Dec, 2024, 04.09 PM IST- Oyo's share dips to Rs 55 despite strong second quarter profitsOyo's shares are currently trading at a discounted valuation despite the company reporting strong financial performance and projecting sign...16 Nov, 2024, 01.12 PM IST
- Court comes down heavily on Bailiff who sealed Oyo's office, says action is illegalOyo's Ahmedabad office was sealed due to a warrant favoring a hotelier over unpaid dues but was reopened following a court ruling that deem...01 Oct, 2024, 10.36 PM IST
- Oyo's GBV reached Rs 10,700 crore in FY24, co reports first time PAT of Rs 229 cr for last fiscalAs per new filings accessed by ET, Oyo's hotel count grew from 12,938 hotels at the end of financial year 2023 to 18,103 at the end of fina...10 Sep, 2024, 05.25 PM IST
- Oyo reports first-ever PAT of Rs 229 croreOYO Net Profit: Oyo announced its first-ever profit after tax of Rs 229 crore for FY24, driven by consecutive growth in Adjusted EBITDA. Th...14 Aug, 2024, 03.05 PM IST
- OYO withdraws DRHP, to refile IPO post refinancing: SourcesOYO IPO: Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing ...18 May, 2024, 12.05 PM IST
- Oyo elevates Rakesh Kumar to deputy CFO positionKumar's transition to Deputy CFO signifies a significant expansion of his responsibilities, encompassing business finance and taxation, Oyo...10 Oct, 2023, 01.50 PM IST
- Moody's expects Oyo to generate positive Ebitda for FY24Moody's also said on Monday it has affirmed Oravel Stay Limited’s (Oyo’s) B3 corporate family rating (CFR) as well as the B3 rating of the ...08 May, 2023, 07.33 PM IST
- Oyo tells employees it turned cash flow positive in Q4 2023Sources said the positive cash flow trajectory is expected to continue into the first quarter of FY2024. The company’s cash corpus on the b...27 Apr, 2023, 02.53 PM IST
- Delhi HC gives relief to Oyo in Rs 1,140 crore angel tax demand by income tax department"The primary issue here was around the income tax department raising concerns about the investments made by the parent company Oravel Stays...18 Feb, 2023, 07.30 PM IST
- Oyo to refile updated DRHP with Sebi by mid-FebThe company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore...18 Jan, 2023, 10.52 AM IST
- SoftBank cuts Oyo’s valuation to $2.7 billion ahead of planned IPOThe Japanese investor’s latest valuation of Oyo – as of June quarter – is based on comparison to similar firms in the public markets, peopl...22 Sep, 2022, 10.19 PM IST
- Oyo said to shelve plans for IPO in 2022The Gurgaon-headquartered company, which filed preliminary IPO documents last year, is seeking regulatory permission to update its draft pr...24 May, 2022, 07.19 PM IST
- Oyo hits back at Zostel, says no restriction imposed on the company from changing its shareholding pattern, no stay granted by Delhi HC on proposed offerIn its letter to Sebi sent on October 28, and accessed by ET, Oyo has written that no restriction has been imposed on Oyo from changing its...29 Oct, 2021, 08.03 PM IST
- Oyo reports $335 million loss on revenue of $951 millionLosses climbed to $335 million, or 35% of revenue, from $53 million, or 25% of revenue, as the startup expanded into China and other new ma...17 Feb, 2020, 08.20 PM IST
- Oyo in talks with LA firm to buy Keys HotelsKeys Hotels had been scouting for buyers for a few years and has an estimated debt of about Rs 160 crore.09 Feb, 2019, 03.29 PM IST
- OYO reports revenues of Rs 327 crore in FY18The company clocked revenues of Rs 327 crore in its standalone results for the financial year 2017-18, a 200% jump from last the financial ...05 Feb, 2019, 11.42 PM IST
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