OYO's First Profitable Year: From ₹1,287 Crore Loss to ₹230 Crore Profit in FY24! | Oyo Share News
Finally, OYO Pre IPO has made a profit! Yes, FY24 is the first financial year in which OYO has turned a profit.
OYO had a loss of ₹1,287 crore in FY23...!! But in FY24, it has made a profit of ₹230 crore!! What a huge turnaround..!!
Revenue slightly declined to ₹5,542 crore, just 1% down from the previous year, but the real game was in the profit..!! How? By focusing on the mid-premium and premium segments, OYO increased its inventory from 12,938 to 18,103 hotels.. Wow..!!
And that’s not all..!! OYO has withdrawn its IPO again.. And.. now it's seeking private funding, even with a 70% valuation cut.. Now, is this move the right one for them?
The answer to this question and OYO’s entire story...We are bringing you a detailed analysis video.. So, subscribe to our channel now.. And.. if you want to invest in OYO shares, then call Planify and make your money fly!
About Oyo Unlisted Shares:
Oravel Stays Ltd. (OYO) owns and operates an online hotel booking platform Oyorooms.com. It offers its services under the brand name Oyo Rooms with facilities such as air-conditioned rooms, spotless linen, breakfast, WiFi, a washroom, and cable television. It allows users to book a room at an affordable price through its mobile application. OYO has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries including India, Malaysia, The UAE, Nepal, China, Brazil, Mexico, The UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States. The Company's main investors include SoftBank group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb, and China lodging group.
Join Us For all the latest updates about startups, preipo and unicorns.
Keep yourself updated with the market situation.
Join us on Facebook
Contact us at +91 7065560002 via Whatsapp/Normal call
Or Mail us at help@planify.in
⬇️ Download the app for easy access. Links are given below:
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated research reports, delivered straight to your WhatsApp.