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
OYO estimates EBITDA to cross Rs 2,000 cr in FY26 with Motel 6 acquisitionOYO's EBITDA is projected to exceed Rs 2,000 crore by 2025-26, driven by the acquisition of Motel 6. The travel tech company expects Motel ...
24 Sep, 2024, 02.00 PM IST
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...
21 Jun, 2024, 01.28 PM IST
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...
30 May, 2024, 12.53 PM IST
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...
12 Mar, 2024, 04.51 PM IST
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...
12 Feb, 2024, 03.49 PM IST
Oyo clocks Rs 30-crore profit in Q3FY24, founder Ritesh Agarwal tells employeesPeople familiar with the matter said Agarwal stated that in the upcoming quarters, it anticipates a consistent rise in PAT, driven by ‘enha...
09 Feb, 2024, 01.02 PM IST
Oyo to report maiden net profit of Rs 16 crore in ongoing quarterIn an email to the company’s top management, Agarwal said Oyo has published its annual accounts for FY23 and that it has achieved operation...
26 Sep, 2023, 12.43 PM IST
Ankit Gupta, Mandar Vaidya move on from Oyo"We are proud of their achievements at Oyo and are thankful for their leadership. Both roles were already transitioned six months ago to Va...
06 Sep, 2023, 12.42 PM IST
Oyo clocked adjusted ebitda of Rs 175 crore in Q1, CEO Ritesh Agarwal tells employeesOyo had reported its maiden EBITDA positive quarter in an addendum filed with Sebi for its IPO reporting a Rs 7 crore adjusted EBITDA in qu...
31 Jul, 2023, 03.40 PM IST
Fitch revises outlook on Oyo's IDRs to positive from stableFitch said it has also affirmed the rating on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subs...
31 May, 2023, 03.19 PM IST
Fitch revises Oyo's outlook to 'positive', affirms ratingsFitch affirmed the ratings on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subsidiary, Oravel S...
31 May, 2023, 02.49 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 expects nearly Rs 800 crore adjusted EBITDA in FY24People familiar with the matter said Agarwal told staffers during the town hall that this can be attributed to 'sustained growth' in India,...
27 Mar, 2023, 01.22 PM IST
Expect first full year of Ebitda profitability, Oyo tells employeesThe hospitality chain had reported an adjusted Ebitda of Rs 63 crore in the first half of FY23 (H1FY23) according to previous filings with ...
27 Jan, 2023, 06.25 PM IST
Oyo EBITDA sees 8-fold jump in Q2, loss narrows to Rs 333 cr sequentiallyAs per the addendum, first-half revenue rose 24% to Rs 2,905 crore from the year ago. It swung to a profit of Rs 63 crore in the first half...
27 Nov, 2022, 09.27 AM IST
Mohandas Pai slams Oyo over 'fake accounting', hospitality major repliesFormer Infosys Director T.V. Mohandas Pai slammed Ritesh Agarwal-run Oyo for allegedly misleading investors via 'fake accounting' as the ho...
20 Sep, 2022, 05.16 PM IST