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  3. Oyo Q2 Results: Profit Of Rs 158 Crore, Revenue Rises

Oyo Q2 Results: Profit Of Rs 158 Crore, Revenue Rises

24 Oct 2024

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Key Takeaways

OYO's Q2 profit of Rs 158 crore, strategic acquisition, and cost optimizations position it for robust international growth.

OYO's Q2 profit of Rs 158 crore, strategic acquisition, and cost optimizations position it for robust international growth.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

OYO Reports Rs 158 Crore Profit in Q2 FY2025.

Expert Analysis:

  • Strong Financial Performance: Oravel Stays Ltd. (OYO Rooms) reported a profit after tax of Rs 158 crore for Q2 FY2025, a notable turnaround from a loss of Rs 50 crore in Q2 FY2024 and an increase from Rs 132 crore in Q1 FY2025.

  • Revenue Growth: Revenue for Q2- FY2025 reached Rs 1,578 crore, up from Rs 1,413 crore in Q1 FY2025, indicating solid financial momentum.

  • Strategic Acquisition: OYO completed the acquisition of G6 Hospitality, adding 1,500 motels to its portfolio.

  • Planned Expansion: OYO aims to add approximately 250 additional hotels in 2024 to further grow its portfolio.

  • Strategic Milestone: Gautam Swaroop, CEO of OYO International, noted that the acquisition is a significant milestone for strengthening their international presence, with motels to be operated under a separate entity.

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