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NET PROFIT OYO
Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: SourcesHospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans t...- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- B2B firm Zetwerk eyes Rs 500 crore pre-IPO round at $3 billion valuationManufacturing marketplace Zetwerk is in discussions to raise approximately Rs 500 crore in pre-IPO funding from Bharat Value Fund and HNIs,...
- Oyo changes corporate entity name to PrismOravel Stays, parent of Oyo, has rebranded as Prism to reflect its global portfolio across hotels, vacation homes, and coworking spaces. Pr...
- 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...
- Ritesh Agarwal to invest Rs 550 crore to increase his shareholding in OyoOyo's CEO, Ritesh Agarwal, is increasing his stake in the company by purchasing an additional Rs 550 crore worth of shares. This move comes...
- 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...
- Oyo registers Rs 158 crore net profit in July-Sept quarterThe hospitality company had made a loss of Rs 50 crore in the same period last year. Its emphasis on premiumisation through the launch of c...
- 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...
- Oyo clocks net profit of Rs 132 crore in Q1 of FY25Oravel Stays Ltd., the parent company of Oyo, has clocked a net profit for the first quarter of the fiscal year 2025, founder Ritesh Agarwa...
- Oyo projects three-fold rise in FY25 PAT at Rs 700 croreAccording to founder and CEO Ritesh Agarwal, Oyo achieved a net profit (PAT) of about Rs 132 crore in Q1 FY 2025, a turnaround from the Rs ...
- Oyo posted Rs 229 crore net profit in FY24, claims founder Ritesh AgarwalIn May, Agarwal had posted on X that the January-March quarter of 2024 was Oyo’s eighth consecutive quarter of positive Ebitda, while provi...
- SoftBank's Sumer Juneja to join Oyo boardSumer Juneja will join Oravel Stays Ltd as non-executive director, pending EGM approval, representing SoftBank Vision Fund. OYO, backed by ...
- Oyo gets shareholder nod to raise Rs 417 crore via preference sharesMoody’s projects Oyo's EBITDA to reach $125 million in FY 2024-2025, inclusive of ESOP expenses. This outlook underscores the company's com...
- Oyo posts maiden annual net profit of Rs 100 crore in FY24: founder Ritesh AgarwalOyo reported its first profitable fiscal year in 2023-24 with a net earning of nearly Rs 100 crore. Founder Ritesh Agarwal highlighted grow...
- We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh AgarwalAgarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial yea...
- JP Morgan extends Rs 200 crore credit facility to OyoJP Morgan has provided Oyo with a Rs 200 crore credit facility to support the expansion of Oyo's Accelerator Programme. Launched in March l...
- Oyo approaches SEBI to expedite IPO approvalOyo is keen to expedite its IPO approval and is said to have informed the regulator about a partial prepayment of $200 million of Oyo's out...
- Oyo's growth is ahead of schedule, cost controls are better than ever: Steve AlbrechtSteve Albrecht, a non-executive independent director on Oyo's board said in terms of corporate governance, the company is at a 'very profes...
- Oyo to end unprofitable contracts as SoftBank sets pre-IPO deadlineThe company runs about 800 hotels under a self-operated business model, where it makes investments and has leasing arrangements with proper...
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