Oravel Stays (OYO Rooms) Unlisted Shares
Oyo Q2 Results: Profit Of Rs 158 Crore, Revenue Rises
NDTV Profit
2 min read
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.
OYO's Q2 profit of Rs 158 crore, strategic acquisition, and cost optimizations position it for robust international growth.
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