23 October 2024
Moody's Investors Service on Monday said hospitality and travel tech startup Oyo is likely to see its Earnings Before Interest, Taxes, Depreciation and Amortization (Ebitda) to be positive for the remaining financial year (FY24) and overall outlook to remain stable.
"The rating affirmation reflects Moody’s expectation that Oyo remains on track to turn Ebitda positive, on a full-year basis, for the fiscal year ending 31 March 2024, supported by a strong demand recovery as well as its various cost reductions,” said Sweta Patodia, a Moody’s assistant vice president and analyst.
Moody's Investors Service on Monday said hospitality and travel tech startup Oyo is likely to see its Earnings Before Interest, Taxes, Depreciation and Amortization (Ebitda) to be positive for the remaining financial year (FY24) and overall outlook to remain stable. "The rating affirmation reflects Moody’s expectation that Oyo remains on track to turn Ebitda positive, on a full-year basis, for the fiscal year ending 31 March 2024, supported by a strong demand recovery as well as its various cost reductions,” said Sweta Patodia, a Moody’s assistant vice president and analyst.
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