Oyo Rooms Expecting To Get Profitable By Q2 Of FY24: Rs 16 Crore Profit After Tax Being Speculated

Oyo Rooms expecting to be profitable by Q2 of  FY24:  Rs 16 Crore PAT Being Speculated.

Justification 

• OYO’s Financial Highlights FY 2023
  

• Adjusted EBITDA of Rs 277 crore.

• Revenue from operations grew by 14% & stands at Rs 5,463 crore in

• Adjusted gross profit margin surged by 43%, with Adjusted Gross Profit at Rs 2,347 crore,23% growth.

• The primary growth drivers include core market focus, centralization of key functions, cost optimization, divestments, and non-core business rationalization.

• Moody’s, a credit ratings agency, expects OYO to remain EBITDA positive for FY24, with forecasted EBITDA of $50-$55 million.

• Finch, another credit rating agency, upgraded its ratings for OYO & expects it to deliver positive EBITDA and Cash Flow from Operating Activities in FY24.

• OYO's initiatives like 'Spotless Stays' and 'Super OYO' have boosted customer satisfaction, with a 35% growth in satisfaction during the pilot phase. Additionally, they've introduced a premium resort brand called Palette in India.