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  3. Oyo Rooms Expecting To Get Profitable By Q2 Of FY24: Rs 16 Crore Profit…

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

28 Sept 2023

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Key Takeaways

The strong growth projections for the company & positive EBITDA forecasts by reputed credit rating agencies is an opportunity for people to see the growth potential of OYO.


The strong growth projections for the company & positive EBITDA forecasts by reputed credit rating agencies is an opportunity for people to see the growth potential of OYO.


oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

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.

Publisher:Trak