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Oyo clocked adjusted ebitda of Rs 175 crore in Q1, CEO Ritesh Agarwal tells employees

Economic Times · 1y

OYO, the hospitality startup, achieved an adjusted EBITDA of Rs 175 crore in Q1, as reported by Economic Times. CEO Ritesh Agarwal shared this milestone with employees. The positive adjusted EBITDA indicates the company's progress in managing its expenses and operational efficiency. This achievement reflects OYO's ongoing efforts to strengthen its financial position and profitability in the competitive hospitality industry.