OYO, the global travel tech platform founded by Ritesh Agarwal, has reported a profit after tax (PAT) of ₹623 crore for the financial year 2024-25 (FY25), marking a 172% increase from ₹229 crore in FY24. This significant growth positions OYO as the most profitable Indian startup in FY25.
Financial Highlights
- Revenue Growth: OYO’s revenue grew by 20% year-on-year, reaching ₹6,463 crore in FY25, up from ₹5,388.7 crore in FY24.
- Gross Booking Value (GBV): The company reported a 54% increase in GBV, totaling ₹16,436 crore.
- Adjusted EBITDA: Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 27% to ₹1,132 crore in FY25, compared to ₹889 crore in the previous fiscal year.
- Earnings Per Share (EPS): EPS increased to ₹0.93 in FY25 from ₹0.36 in FY24, reflecting a 158% rise.
Strategic Initiatives Driving Growth
OYO’s impressive financial performance can be attributed to several strategic initiatives:
- Premium Offerings: The company expanded its premium offerings through its Company-Serviced Portfolio, including mid-segment Townhouse Hotels and Sunday hotels, across India, the UK, Southeast Asia, and the Middle East.
- Global Expansion: OYO’s global presence now includes approximately 22,700 hotels and 1,19,900 homes, along with 91,300 listings across its platform. Inc42 Media
- Acquisitions: The company acquired Paris-based Checkmyguest and US-based G6 Hospitality, enhancing its international footprint.
Outlook
OYO’s strong financial performance in FY25 demonstrates its resilience and adaptability in the competitive hospitality industry. With continued focus on premium offerings and global expansion, the company is well-positioned for sustained growth in the coming years.
