Oravel Stays (OYO Rooms) Unlisted Shares
Oyo Rooms Expecting To Get Profitable By Q2 Of FY24: Rs 16 Crore Profit After Tax Being Speculated
Trak
2 min read
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.
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.
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